4 th  VIENNA ECONOMIC FORUM 5. -6. November 2007 Financing Solutions for Infrastructure Financing Johannes Kinsky, Member ...
Presentation topics <ul><li>Introduction </li></ul><ul><li>Market/Potential </li></ul>
Introduction – Is Erste Group a pure retail bank? <ul><li>From a first perspective most would agree, </li></ul><ul><li>how...
Presentation topics <ul><li>Introduction </li></ul><ul><li>Market/Potential </li></ul>
Market/Potential Focus on Infrastructure Finance <ul><li>European Action of Growth identified 30 priority ten t projects a...
Market/Potential Focus on Infrastructure Finance Annual EU Cohesion policy funding in  selected markets (2007 – 2013) in B...
Market/Potential Focus on Infrastructure Finance Railway km per 100.000 inhabitants in relation to GDP per capita UA RS RO...
Market/Potential Focus on Infrastructure Finance Km roads per 100.000 inhabitants in relation to GDP per capita UA RS RO S...
Market/Potential Focus on Infrastructure Finance Source: EU Research and World health organization Public hospital beds in...
Market/Potential Focus on Infrastructure Finance <ul><li>Funding requirements needs additional funding sources </li></ul><...
<ul><li>Liaison with multinational financing agencies (EIB, EBRD, IFC) </li></ul><ul><li>  and EU-entities i.E. </li></ul>...
<ul><li>Thank you very much for your attention </li></ul>
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Johannes kinsky -erste_group

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  • Priority axes and projects (TEN-T) Rail: No 1 Berlin-Verona-Naples-Palermo (Brenner-Base Tunnel) No 7 Lyon-Trieste-Koper-Budapest-Ukrainian border No 22 Athens-Sofia-Budapest-Venna-Prague-Nurember/Dresden No 29 Railway axis of the Ionian/Adreatic intermodal corridor Water: No 18 Rhine/Main-Danube inland waterway axis No 21 Motorways of the Sea i.E. Adriatic Sea Mediterranean Sea -Atlantic/Black Sea Road: Igoumenitsa/Patras-Athens-Sofia-Budapest JASPER – J oint A ssistance in S upporting P rojects in E uropean R egions Managed by EIB (parts of CEE and SEE will be covered by the Vienna office) JEREMIE – J oint E uropean RE sources for MI cro to medium E nterprises Managed by European Investment Fund
  • Programmes Details: Bulgaria € 6,853 bn Czech Republic € 26,692 bn Greece € 20,420 bn Hungary € 25,307 bn Romania € 19,668 bn Slovenja € 4,205 bn Slovenska € 11,588 bn Austria € 1,461 bn Polska € 67,284 bn
  • Amounts already identified for EU funding over the period 2007-2013 Investments in rail excluding urban transport Bulgaria € 0,5 bn Czech Rep. € 2,5 bn Greece € 0,8 bn Hungary € 1,7 bn Slovenija € 0,5 bn Slovenska Rep. € 1,2 bn
  • Amounts already identified for EU funding over the period 2007-2013 Investments in roads including national/regional roads Bulgaria € 1,1 bn Czech Rep. € 3,8 bn Greece € 3,6 bn Hungary € 3,4 bn Slovenija € 0,4 bn Slovenska Rep. € 2,0 bn Efforts to extend the network Romania in operation 298 km by 2009 444 km by 2013 1944 km Hungary in operation 650 km by 2010 925 km
  • Details
  • JASPER – J oint A ssistance in S upporting P rojects in E uropean R egions Managed by EIB (parts of CEE and SEE will be covered by the Vienna office) JEREMIE – J oint E uropean RE sources for MI cro to medium E nterprises Managed by European Investment Fund Grant Programmes - the mainstay of the public sector, usually of medium-term duration (up to five years) and subject to annual political appropriations control and review. Innovative financing mechanisms – i. E. Special-purpose funds - involving dedicated user-pay revenue sources that provide multi-year funding stability and usually imply an indefinite, ongoing commitment – although these involve traditional (bureaucratic/political) governance. Commercial funding agencies - involving some form of privatisation/commercialisation of the infrastructure and/or the establishment of a quasi-public agency to provide infrastructure funding on a (generally) commercial, self-financing basis ( e.g. through repayable loans, revolving fund, user-pay), or long-term public revenue commitment. Encourage Public-private partnership Make greater us of user charges for funding infrastructure
  • Johannes kinsky -erste_group

    1. 1. 4 th VIENNA ECONOMIC FORUM 5. -6. November 2007 Financing Solutions for Infrastructure Financing Johannes Kinsky, Member of the board, Erste Group
    2. 2. Presentation topics <ul><li>Introduction </li></ul><ul><li>Market/Potential </li></ul>
    3. 3. Introduction – Is Erste Group a pure retail bank? <ul><li>From a first perspective most would agree, </li></ul><ul><li>however </li></ul><ul><li>Currently the large corporate and international business accounts for about 19% of the group’s risk weighted assets </li></ul><ul><li>Nevertheless large corporate and international business is already highly efficient and profitable </li></ul><ul><li>Group Corporates & Investment Banking (GCIB) already makes a significant contribution to the group’s success </li></ul><ul><ul><li>Result of successful expansion efforts shows that we can do it (e.g. real estate, ECM & DCM in Austria, M&A in Czech Republic, structured finance) </li></ul></ul>
    4. 4. Presentation topics <ul><li>Introduction </li></ul><ul><li>Market/Potential </li></ul>
    5. 5. Market/Potential Focus on Infrastructure Finance <ul><li>European Action of Growth identified 30 priority ten t projects amounting to an estimated </li></ul><ul><li>EUR 225 billion </li></ul><ul><li>of total investment cost </li></ul><ul><li>European Council agreed for the period 2007 – 2013 on </li></ul><ul><li>Cohesion for growth and employment EURO 347 Billion </li></ul>Cohesion Policy Annual EU funding (2007 – 2013 ) in Billion EURO Source: EU
    6. 6. Market/Potential Focus on Infrastructure Finance Annual EU Cohesion policy funding in selected markets (2007 – 2013) in Billion EURO Source: EU European Council agreed funds with an volume of EURO 347 Billion for the period 2007 – 2013 on Cohesion for growth and employment
    7. 7. Market/Potential Focus on Infrastructure Finance Railway km per 100.000 inhabitants in relation to GDP per capita UA RS RO CR SK HU AT CZ Potential for upgrading the network and new HSL lines Source: ERSTE Research and National railway companies The size of the bubbles are determined by each country‘s GDP
    8. 8. Market/Potential Focus on Infrastructure Finance Km roads per 100.000 inhabitants in relation to GDP per capita UA RS RO SK HU AT CZ CR Source: ERSTE Research and Transportation ministries Potential for upgrading and extension of the network
    9. 9. Market/Potential Focus on Infrastructure Finance Source: EU Research and World health organization Public hospital beds in relation to GDP per capita UA RS* RO CR SK HU AT CZ *There is no data available on health expenditure in Serbia. Potential to improve medical care (acute centers,new hospitals, retirement facilities)
    10. 10. Market/Potential Focus on Infrastructure Finance <ul><li>Funding requirements needs additional funding sources </li></ul><ul><ul><li>JASPER </li></ul></ul><ul><ul><li>JEREMIE </li></ul></ul><ul><ul><li>European Investment Bank (EIB) </li></ul></ul><ul><ul><li>European Bank for Reconstruction and Development (EBRD) </li></ul></ul><ul><ul><li>European Investment Fund (EIF) </li></ul></ul><ul><ul><li>IFC </li></ul></ul><ul><ul><li>Innovative financing mechanisms </li></ul></ul><ul><ul><ul><li>Grant Programmes </li></ul></ul></ul><ul><ul><ul><li>Special-purpose funds </li></ul></ul></ul><ul><ul><ul><li>Commercial funding agencies </li></ul></ul></ul><ul><ul><ul><li>Public – Private - Partnership </li></ul></ul></ul><ul><ul><ul><li>Penion funds and other large institutions </li></ul></ul></ul><ul><ul><ul><li>Diversify and expand traditional revenue-raising sources </li></ul></ul></ul>
    11. 11. <ul><li>Liaison with multinational financing agencies (EIB, EBRD, IFC) </li></ul><ul><li> and EU-entities i.E. </li></ul><ul><ul><li>European Comission </li></ul></ul><ul><ul><li>DG Engergy and Transport (DG TREN) </li></ul></ul><ul><ul><li>DG Market (Tenders) </li></ul></ul><ul><ul><li>DG Regio </li></ul></ul><ul><ul><li>European Agency for Reconstruction </li></ul></ul><ul><li>to increase infrastructure finance activities </li></ul><ul><ul><ul><li>Support for applications of EU funds ( E uropean R egional D evelopment F und, Cohesion Fund…….) </li></ul></ul></ul><ul><ul><ul><li>Assistance in preparation of bankable project </li></ul></ul></ul><ul><ul><ul><li>PPP advisory </li></ul></ul></ul>Market/Potential Focus on Infrastructure Finance
    12. 12. <ul><li>Thank you very much for your attention </li></ul>
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