BA-CA Comparison of Banks:
International Banks in the New Europe
2004/2005
July 2005
Notes to the comparison of banks

The comparison covers the following countries:
 Albania
 Macedonia
 Bosnia and Herzegovina
 Poland
 Bulgaria
 Romania
 Croatia
 Russia
 Czech Republic
 Serbia and Montenegro
 Estonia
 Slovakia
 Hungary
 Slovenia
 Latvia
 Ukraine
 Lithuania

“CEE total“ refers to the above mentioned 17 countries.
“CEE*“ refers to the above mentioned countries excluding Russia and Ukraine.

The data used are based on the total assets as of 31 December 2004, reflecting ownership interests
as at 30 June 2005.

The total assets of the entire banking market in the first section of the comparison differ from those in the
subsequent sections: The first section uses total assets according to central bank statistics (translated at the
average annual exchange rate). The other sections of the comparison use the total assets obtained by adding
together the total assets as shown in the banks‘ local financial statements (translated at the year-end
exchange rate).
2
Contents
 Status quo and development of the banking sector in CEE
 The largest international banks in CEE
 Supplement: The largest banks in the individual countries
3
The banking market 2004 in CEE at a glance
 Some 400 banks with total assets of almost 440 billion euros in CEE*
 Incl. Russia and Ukraine: over 2,000 banks with total assets of more than 650 billion euros
 Degree of intermediation (total assets as a percent of GDP):
 between 35% in Serbia and 109% in Croatia
 average 74% in CEE* (average for the euro area: 206%)
 average 59% in CEE total
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
4
The banking market in CEE:
development of loans from 2000 to 2004
 Lending volume (% of GDP, as at end 2004):
 highest in Croatia with 62% / lowest in Romania with 18%
 average 34% in CEE* / 31% in CEE total
 euro area: 102%
 Credit growth (average 2000-2004):
 more than 40% in Bulgaria and Romania
 more than 30% in Russia, Ukraine and the Baltics
 about 20% in Hungary, Slovenia, Croatia and Bosnia
 less than 10% in Poland and Serbia
 stagnation with moderate upturns in the Czech Republic and in Slovakia
 average 15% in CEE* / 24% in CEE total
 euro area: 4%
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
5
The banking market in CEE:
development of deposits from 2000 to 2004
 Deposits (% of GDP, as at end 2004):
 highest in the Czech Republic (64%) and in Croatia (60%)
 lowest in Romania (24%), Ukraine (23%), Serbia (20%) and Russia (16%)
 average 43% in CEE* / 31% in CEE total
 euro area: 73%
 Deposit growth (2000-2004):
 lower than credit growth
 strongest growth rates in Serbia (49%), Ukraine (44%), Russia (39%) and Romania (38%)
 average 12% in CEE* / 19% in CEE total
 euro area: 6%
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
6
The banking market in CEE in figures
2004
No. of
banks 1)
Market share 3)
Total
assets
Household
loans
Total loans
688
1185
966
625
1586
1545
860
373
1979
287
135
111
352
39%
40%
64%
53%
51%
44%
31%
27%
60%
39%
24%
20%
41%
15%
640
43%
12%
1331
29%
27%
35%
36%
53
120
23%
16%
44%
39%
142
387
59%
31%
24%
308
31%
19%
710
206%
102%
4%
12398
73%
6%
13556
TOP 5
54
35
35
21
19
6
23
12
39
35
39
45
33
70%
77%
83%
97%
38%
98%
49%
93%
91%
80%
66%
38%
70%
50%
53%
63%
67%
64%
98%
62%
79%
74%
52%
57%
47%
59%
65%
82%
96%
88%
92%
96%
107%
47%
109%
66%
38%
35%
73%
30%
41%
33%
29%
46%
47%
51%
29%
62%
35%
18%
20%
45%
Growth
00-04
p.a. 2)
7%
21%
-1%
-1%
16%
29%
38%
33%
21%
45%
43%
9%
18%
396
75%
59%
74%
34%
Ukraine
Russia
160
1464
8%
8%
37%
45%
39%
43%
CEE total
2020
55%
54%
Euro area
2287
24%
54%
CEE*
Household
deposits
Growth
00-04
p.a. 2)
6%
13%
6%
4%
13%
17%
28%
21%
18%
24%
38%
49%
31%
Internat.
banks
Poland
Hungary
Czech Republic
Slovakia
Slovenia
Estonia
Latvia
Lithuania
Croatia
Bulgaria
Romania
Serbia
Bosnia
Total deposits
% of GDP
% of GDP
in euros
per capita
% of GDP
in euros
per capita
1) cooperative sector as one bank
2) per annum in local currency
3) majority ownership calculated as 100%, 2004
Source: national central banks, BA-CA Economics Department
7
1272
2073
3262
1961
4908
1292
832
811
2687
591
415
221
352
Development of total loans (in % of GDP)
%
102
100
2008*
2004
80
60
40
20
0
PL
H
CZ
SK
Year-end figures, * forecast
Source: BA-CA Economics Department
SI
EST
LV
LT
HR
BG
RO
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
8
SCG
BA
UA
RUS
CEE euro
total area
Development of personal loans (per capita in euros)
euros
4000
~12.400
2008*
2004
3000
2000
1000
0
PL
H
CZ
SK
Year-end figures, * forecast
Source: BA-CA Economics Department
SI
EST
LV
LT
HR
BG
RO SCG
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
9
BA
UA
RUS
CEE euro
total area
Development of total deposits (in % of GDP)
%
80
2008*
2004
73
60
40
20
0
PL
H
CZ
SK
Year-end figures, * forecast
Source: BA-CA Economics Department
SI
EST
LV
LT
HR
BG
RO
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
10
SCG
BA
UA
RUS
CEE euro
total area
Development of personal deposits (per capita in euros)
euros
6000
2004
2008*
~13.600
5000
4000
3000
2000
1000
0
PL
H
CZ
SK
Year-end figures, * forecast
Source: BA-CA Economics Department
SI
EST
LV
LT
HR
BG
RO
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
11
SCG BA
UA
RUS
CEE euro
total area
Loans and deposits: outlook until 2008
 Growth of total loans:
 above average growth rates to be expected in Bulgaria, Romania, Serbia, Russia and
Ukraine, with growth slowing down somewhat
 2005: +16% in CEE* / +24% in CEE total
 2006-2008: +13% in CEE* / 17% in CEE total
 Personal loans:
 strong growth expected
 2005: +20% in CEE* / +31% in CEE total
 2008: some 1,200 euros per capita in CEE* / some 700 euros per capita in CEE total
 Growth of deposits:
 in Russia, Ukraine, Romania, Bulgaria and Serbia clearly stronger growth than in the other
CEE countries
 2008: some 1,900 euros per capita in CEE* / some 1,200 euros per capita in CEE total
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
12
Contents
 Status quo and development of the banking sector in CEE
 The largest international banks in CEE
 Supplement: The largest banks in the individual countries
13
International banks show growing interest in CEE
 The share of international banks in Central and Eastern Europe increased again in 2004:
 69% in CEE* / 50% in CEE total (based on ownership interests)
 75% in CEE* / 55% in CEE total (majority ownership at 100%)
 comparative figure for 1996: 21% in CEE*
 This means that the share of international banks in CEE* has more than tripled
over the past ten years.
 Combined total assets of international banks in CEE* have increased from 44 to 336
billion euros.
 Highest share of banks in which foreign owners have a majority interest:
Estonia (98%), Slovakia (97%), Lithuania (93%), Croatia (91%) and Albania (90%)
 More than 50% of banks are foreign-owned in:
Poland, Hungary, Czech Republic, Romania, Bulgaria and Bosnia
 Foreign share below 50%:
Slovenia, Latvia, Serbia
 Foreign share below 10%:
Ukraine, Russia
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
14
Share of foreign banks increased since 1996 from
21% to a current 69%
Total assets and share of international banks
(CEE* [excl. RUS / UA], bn euros and in % of all banks)
Pro-rata share based on ownership interests in bn euros
60%
Market share of international banks
62%
66%
69%
69%
53%
42%
307
27%
316
30%
21%
210
214
2001
2002
236
160
109
44
1996
61
75
1997
1998
1999
2000
2003
2004
2005*)
*) Forecast
Source: BA-CA Economics Department
15
International banks control 3/4 of the banking sector
Total assets and share of international banks
(majority ownership at 100%, bn euros and in % of all banks, 2004)
Majority ownership at 100%, in bn euros
Market share of foreign-owned banks
98%
97%
93%
70%
77%
91%
90%
83%
80%
75%
70%
66%
55%
49%
38%
38%
92
50
72
29
9
8
6
8
27
15
10
2
PL
HU
CZ
SK
SI
EST
LV
LT
HR
RO
BG
SCG
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
Source: BA-CA Economics Department
16
3
3
336
8%
1
8%
15
352
BA
AL
CEE*
UA
RUS
CEE
total
Austrian banks are leading players in CEE
(share in % of all international banks in CEE)
Hungary
1.1%
Portugal
0.7%
Great Britain
0.5%
Greece
1.7%
Sweden
5.4%
Rest
7.2%
Ireland
1.8%
Austria
29.4%
Netherlands
6.5%
USA
6.9%
France
7.5%
Italy
13.3%
Germany
7.7%
Belgium
10.3%
Source: BA-CA Economics Department
17
The largest international banking groups in CEE1)
(100% majority ownership interests; excl. EBRD and IFC; total assets according to local financial statements)
5.5%
5.4%
4.8%
100% majority ownership interests, in bn euros
4.3%
4.2%
Market share held by all banks
3.2%
2.6%
2.5%
2.4%
1.9%
35.2
35.0
30.8
KBC
HVB Group
ERSTE
(BA-CA and
Bank
HypoVereinsbank)
Source: BA-CA Economics Department
27.7
27.2
UniCredit Raiffeisen
20.9
Société
Générale
16.5
16.1
Banca
Intesa
Citibank
15.6
12.5
ING, N.V. CommerzAmsterdam bank
1) EU new member states, EU candidate countries, Albania, Macedonia,
Serbia and Montenegro, Bosnia-Herzegovina, Russia, Ukraine
18
The largest international banking groups in CEE1)
(100% majority ownership interests, consolidated figures, incl. CEE leasing, bn euros)
35.5
HVB
3.3
33.3
32.0
BA-CA
32.2
28.4*
HVB Group
(BA-CA and HypoVereinsbank)
Source: company data / annual reports
ERSTE
Bank
KBC
Raiffeisen
27.2
UniCredit
1) EU new member states, EU candidate countries, Albania, Macedonia,
Serbia and Montenegro, Bosnia-Herzegovina, Russia, Ukraine
* incl. Kosovo, excl. Belarus
19
Contents
 Status quo and development of the banking sector in CEE
 The largest international banks in CEE
 Supplement: The largest banks in the individual countries
20
Top 5 in Poland
Top banks
International banks
Total assets in mn euros
Market share in % of total market
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
12.000
12.8%
16.3%
12,0%
10.000
10.1%
11.0%
10.0%
8.2%
8.000
10.0%
7.2%
6.000
6.5%
21,597
14,564
6,0%
9,736
6.3%
7,709
4.000
7,604
6,230
13,216
8,607
8,306
ING Bank
Śląski
Bank Handlowy
w Warszawie
(Citibank)
8,0%
4,0%
5,503
2,0%
2.000
0,0%
PKO BP
Bank Pekao
(UniCredit)
Bank BPH
(BA-CA)
0
Source: BA-CA Economics Department
21
BA-CA
(HVB Group)
UniCredit
ING, N.V.
Amsterdam
Citibank
Commerzbank
Top 10 banks in Poland
Ranking Bank
1
2
3
4
5
6
7
8
9
10
Total assets 1)
21,597
14,564
13,216
8,607
8,306
7,379
6,505
5,356
5,290
4,093
PKO BP S.A.
Bank Pekao S.A.
Bank BPH S.A.
ING Bank Slaski S.A.
Bank Handlowy w Warszawie S.A.
BRE Bank S.A.
Bank Zachodni WBK
Kredyt Bank
Bank Millenium
Bank Gospodarki Zywnosciowej
Total
94,913
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
22
Market share
16.3%
11.0%
10.0%
6.5%
6.3%
5.6%
4.9%
4.1%
4.0%
3.1%
71.8%
Top 5 in Hungary
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
19.0%
6.000
12,0%
10.8%
9.2%
5.000
9.0%
8.9%
10,0%
7.9%
4.000
10.1%
8,0%
#7
7.5%
9.1%
7.4%
12,381
7.0%
3.000
#7
5,313
4,520
5.7%
6,535
4,0%
5,929
4,841
2.000
4,523
4,423
4,398
3,886
1.000
3,716
2,0%
3,716
0
OTP
K&H
(KBC)
MKB
(Bayerische
Landesbank)
CIB
(Banca
Intesa)
Erste
Bayerische
Landesbank
HVB Bank
(BA-CA)
Source: BA-CA Economics Department
23
ERSTE
Bank
Banca
Intesa
Raiffeisen
KBC
BA-CA
(HVB Group)
Top 10 banks in Hungary
1)
Ranking Bank
1
2
3
4
5
6
7
8
9
10
Total assets
12,381
6,535
5,929
4,841
4,523
4,398
3,716
2,463
1,847
1,692
OTP
K&H
MKB
CIB
Erste
Raiffeisen
HVB Bank Hungary Rt
MFB
Budapest Bank
FHB
Total
48,326
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
24
Market share
19.0%
10.1%
9.1%
7.4%
7.0%
6.8%
5.7%
3.8%
2.8%
2.6%
74.3%
Top 5 in the Czech Republic
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
19.4%
24.4%
18.000
18.0%
17.0%
12,0%
24.4%
16.000
14.000
12.000
20,0%
13.5%
15,0%
16,806
15,618
16,150
8.000
14,767
5.4%
16,110
7.1%
6.000
3.7%
8,912
4.000
4,706
4,706
2.000
3,176
Ceska
Sporitelna
(ERSTE Bank)
Komercni
Banka
(Société
Générale)
KBC
HVB Bank
Commerzbank
Czech Republic
(BA-CA)
Source: BA-CA Economics Department
25
5,0%
3,176
0,0%
0
CSOB
(KBC)
10,0%
4.8%
ERSTE
Bank
Société
Générale
BA-CA
Commerzbank
(HVB Group)
Top 10 banks in the Czech Republic
1)
Ranking Bank
1
2
3
4
5
6
7
8
9
10
CSOB
Ceska sporitelna, a.s.
Komercni banka
HVB Bank Czech Republic
Commerzbank
Citibank
Raiffeisenbank a.s.
GE Money Bank, a.s.
ING
Zivnostenská banka
Total
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
26
Total assets
16,806
15,618
14,767
4,706
3,176
2,501
2,086
1,970
1,769
1,542
Market share
19.4%
18.0%
17.0%
5.4%
3.7%
2.9%
2.4%
2.3%
2.0%
1.8%
64,941
74.8%
Top 5 in Slovakia
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Market share in % of total market
20.2%
Share in % of foreign banks
19.9%
18.4%
6.000
12,0%
19.0%
20,0%
14.8%
5.000
25,0%
14.4%
15,0%
4.000
6,075
5,513
7.9%
5,689
3.000
4,327
6.1%
4,104
5.5%
#6
8.1%
5,099
10,0%
5.9%
2.000
2,366
2,247
1,641
5,0%
1,686
1.000
1,641
0
Slovenska
Sporitelna
(ERSTE Bank)
VUB
(Banca Intesa)
Tatra banka
(Raiffeisen)
ČSOB
(KBC)
HVB Bank
Slovakia
(BA-CA)
Banca
Intesa
Source: BA-CA Economics Department
27
ERSTE
Bank
Raiffeisen
KBC
EBRD
BA-CA
(HVB Group)
Top 10 banks in Slovakia
1)
Ranking Bank
1
2
3
4
5
6
7
8
9
10
Slovenska Sporitelna
VUB
Tatra banka
ČSOB
HVB Bank Slovakia
ING Bank N.V.
UniBanka
Prva stavebna sporitelna
Dexia Banka Slovensko
OTP Banka
Total
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
28
Total assets
6,075
5,689
4,327
2,366
1,641
1,433
1,266
1,125
978
874
Market share
20.2%
19.0%
14.4%
7.9%
5.5%
4.8%
4.2%
3.7%
3.3%
2.9%
25,776
85.9%
Top 5 in Slovenia
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
3.000
31.9%
12,0%
32.6%
2.500
25,0%
2.000
19.0%
20,0%
1.500
7,642
10.5%
2,516
#7
8.4%
6.8%
6.3%
14.8%
2,755
15,0%
10.3%
1.000
1,616
1,508
1,250
Banka
Celje
BA-CA
Ljubljana
871
647
0
Nova
Ljubljanska
Banka
(KBC)
Nova kreditna
banka Maribor
A banka
Vipa
SKB banka
(Société
Générale)
29
5,0%
0,0%
KBC
Source: BA-CA Economics Department
10,0%
1,249
500
2,011
7.7%
1,610
5.2%
Société
Générale
BA-CA
(HVB Group)
San Paolo
IMI
Raiffeisen
Top 10 banks in Slovenia
1)
Ranking Bank
1
2
3
4
5
6
7
8
9
10
Nova Ljubljanska banka d.d.
Nova kreditna banka Maribor d.d.
A banka Vipa d.d.
SKB banka d.d.
Banka Celje d.d.
Banka Koper d.d.
Bank Austria Creditanstalt d.d.
Gorenjska banka d.d.
Raiffeisen Krekova banka d.d.
Hypo-Alpe-Adria bank d.d.
Total
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
30
Total assets
Market share
7,642
2,516
2,011
1,616
1,508
1,391
1,250
1,167
666
566
31.9%
10.5%
8.4%
6.8%
6.3%
5.8%
5.2%
4.9%
2.8%
2.4%
20,333
85.0%
Top 5 in Croatia
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
7.000
23.4%
25.0%
12,0%
6.000
16.4%
5.000
17.7%
15,0%
4.000
11.2%
7,506
10.6%
12.1%
3.000
9.3%
5,326
3,185
2,804
10.6%
10,0%
4,337
2.000
3,366
11.1%
6,176
3,185
2,936
2,810
Raiffeisen
Hypo Alpe
Adria
BA-CA
(HVB Group)*
0
Zagrebacka
Banka
(UniCredit)
5,0%
1.000
0,0%
UniCredit
Privredna Banka
Erste &
Raiffeisenbank HVB Splitska
Zagreb
Steiermärkische
Austria
Banka
Bank
(Banca Intesa)
(BA-CA)
Banca Intesa
*incl. Jadranska Banka
Source: BA-CA Economics Department
31
Top 10 banks in Croatia
Ranking
1
2
3
4
5
6
7
8
9
10
1)
Bank
Zagrebacka Banka
Privredna Banka Zagreb
Erste & Steiermärkische Bank
Raiffeisenbank Austria
HVB Splitska Banka
Hypo Alpe-Adria-Bank
Nova Banka
Slavonska Banka
Hrvatska Postanska Banka
Volksbank
Total assets
7,506
5,326
3,366
3,185
2,804
2,249
1,040
725
724
473
Total
27,398
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
32
Market share
25.0%
17.7%
11.2%
10.6%
9.3%
7.5%
3.5%
2.4%
2.4%
1.6%
91.1%
Top 5 in Romania
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
25.8%
12,0%
2.500
15.2%
2.000
12,0%
5,979
10.8%
#4
8.9%
2,076
10.2%
1.500
5.7%
2,500
10.6%
5.5%
7.5%
1,275
1,057
1.000
2,078
6,0%
1,733
1,458
1,393
1,275
500
Banca
Comerciala
Romana
Banca
Romana
Pentru
Dezvoltare
(Société
Générale)
Raiffeisen
Bank
Romania
10,0%
8.4%
8,0%
676
1,321
9.3%
Casa De
ING Barings HVB Bank
Economii Si
Romania Romania +
Consemnatiuni
Banca Tiriac;
1,152
4,0%
2,0%
0
(BA-CA)
0,0%
Raiffeisen
Société
Générale
BA-CA*
(HVB Group)
ING, N.V.
Amsterdam
*incl. Banca Tiriac
Source: BA-CA Economics Department
33
ABN AMRO
Top 10 banks in Romania
Ranking
1
2
3
4
5
6
7
8
9
10
1)
Total assets
5,979
2,500
2,076
Market share
25.8%
10.8%
8.9%
HVB Bank Romania S.A. + Banca Tiriac
1,733
7.5%
Casa De Economii Si Consemnatiuni S.A.
ING Barings Romania S.A.
ABN AMRO Bank (Romania) S.A.
Banc Post S.A.
HVB Bank Romania S.A.
Alpha Bank Romania S.A.
Banca Transilvania S.A.
1,321
1,275
1,153
1,102
1,057
737
661
5.7%
5.5%
5.0%
4.7%
4.6%
3.2%
2.8%
17,862
76.9%
Bank
Banca Comerciala Romana S.A.
Banca Romana Pentru Dezvoltare S.A.
Raiffeisen Bank (Romania) S.A.
Total
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
34
Top 5 in Bulgaria
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
14.5%
12,0%
16.5%
13.1%
15.6%
1.800
10.3%
13.0%
1.600
8.8%
8.0%
16,0%
12.1%
14,0%
10.2%
1.400
1.200
1,842
1,665
1.000
800
1,314
1,126
10,0%
1,665
1,569
8,0%
1,310
600
1,026
12,0%
1,225
1,026
6,0%
400
4,0%
200
2,0%
0,0%
Bulbank
(UniCredit)
DSK Bank
(OTP)
HVB Bank
Biochim +
Hebros Bank;
(BA-CA)
OTP
United
Raiffeisenbank
Bulgaria
Bulgarian Bank
(National Bank
of Greece)
UniCredit
BA-CA*
National Bank
(HVB Group)
of Greece
Raiffeisen
0
*incl. Hebros Bank
Source: BA-CA Economics Department
35
Top 10 banks in Bulgaria
Ranking
1
2
3
4
5
6
7
8
9
10
1)
Bank
Bulbank
DSK bank
HVB Bank Biochim + Hebros Bank
United Bulgarian Bank
Raiffeisenbank Bulgaria
First Investment Bank
Bulgarian Post Bank
Economic and Investment Bank
SG Expressbank
Roseximbank
Total
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
36
Total assets
1,842
1,665
1,314
Market share
14.5%
13.1%
10.3%
1,126
1,026
8.8%
8.0%
844
597
399
393
371
6.6%
4.7%
3.1%
3.1%
2.9%
9,264
72.7%
Top 5 in Serbia and Montenegro
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
900
12,0%
33.0%
800
13.6%
700
10.8%
25,0%
10.2%
600
20,0%
500
15.0%
7.2%
400
5.6%
877
695
789
15.0%
12.2%
15,0%
300
662
10,0%
464
200
362
359
357
5.1%
292
100
5,0%
123
0
Raiffeisenbank Delta banka
Jugoslavija a.d. a.d. Beograd
Beograd
Komercijalna
banka a.d.
Beograd
Vojvodanska
banka a.d.
Novi Sad
0,0%
Raiffeisen
HVB Bank
Serbia and
Montenegro +
Eksimbanka;
(BA-CA)
Hypo Alpe
Adria
BA-CA*
(HVB Group)
Société
Générale
*incl. Eksimbanka
Source: BA-CA Economics Department
37
National Bank
of Greece
Top 10 banks in Serbia and Montenegro
Ranking
1
2
3
4
5
6
7
8
9
10
1)
Total assets
877
695
662
464
Bank
Raiffeisenbank Jugoslavija a.d. Beograd
Delta banka a.d. Beograd
Komercijalna banka a.d. Beograd
Vojvodanska banka a.d. Novi Sad
Market share
13.6%
10.8%
10.2%
7.2%
HVB Bank Serbia and Montenegro + Eksimbanka
362
5.6%
Hypo Alpe-Adria-Bank a.d. Beograd
Societe Generale Yugoslav Bank a.d. Beograd
Jubanka a.d. Beograd
AIK banka a.d. Niš
ProCredit banka a.d. Beograd
361
292
234
208
176
5.6%
4.5%
3.6%
3.2%
2.7%
4,169
64.5%
Total
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
38
Top 5 in Bosnia and Herzegovina
Total assets in mn euros
Top banks
Pro-rata, in mn euros
International banks
Market share in % of total market
14,0%
Share in % of foreign banks
29.8%
12,0%
1.000
21.7%
900
30,0%
800
25,0%
700
14.0%
17.1%
600
11.4%
1.045
500
7.9%
672
17.3%
9.6%
400
300
4.1%
546
20,0%
951
551
546
200
379
4.3%
306
100
195
15,0%
5,0%
137
0
Raiffeisen Bank
BiH dd Sarajevo
UniCredit
Zagrebacka
banka BiH
Hypo Alpe Adria HVB Central
banka Mostar
Profit Banka
(BA-CA)
0,0%
Raiffeisen
UPI banka
Source: BA-CA Economics Department
39
10,0%
UniCredit
Hypo Alpe
Adria
BA-CA
(HVB Group)
Volksbank
Top 10 banks in Bosnia and Herzegovina
1)
Ranking Bank
1
Raiffeisen Bank BiH dd Sarajevo
2
UniCredit Zagrebacka banka BiH dd
3
Hypo Alpe Adria banka Mostar
4
HVB Central Profit Banka d.d.
5
UPI banka d.d.
6
Razvojna
7
Volksbank BiH dd
8
CBS
9
Procredit
10
LHB banka Banja Luka
Total
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
40
Total assets
1,045
672
546
379
195
151
137
87
71
70
Market share
21.7%
14.0%
11.4%
7.9%
4.1%
3.1%
2.8%
1.8%
1.5%
1.4%
3,352
69.8%
Top 5 in Macedonia
Total assets in mn euros
Top banks
Pro-rata, in mn euros
International banks
Market share in % of total market
14,0%
Share in % of foreign banks
12,0%
42,2%
28.3%
24.6%
15,9%
14.0%
544
13,9%
337
473
5.3%
269
102
8,8%
127
4.1%
6,6%
111
71
79
53
0
Komercijalna
banka
Tutunska
Stopanska
banka
Banka
(National Bank (Nova Ljubljanska banka)
of Greece)
Ohridska
banka
Stopanska
Banka BT
National Bank
Nova
Ljubljanska
of Greece
banka
Source: BA-CA Economics Department
41
EBRD
KBC
IFC
Top 10 banks in Macedonia
1)
Ranking Bank
1
2
3
4
5
6
7
8
9
10
Komercijalna banka
Stopanska banka
Tutunska banka
Ohridska banka
Stopanska banka BT
Invest banka
Alfa banka, Sk
IK banka
Makedonska banka
ProKredit banka
Summe
BA-CA is active via a representative office.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
42
Total assets
544
473
269
102
79
47
47
43
35
34
Market share
28.3%
24.6%
14.0%
5.3%
4.1%
2.5%
2.4%
2.2%
1.8%
1.8%
1,673
87.0%
Top 5 in Estonia
Top banks
Total assets in mn euros
6.000
Market share in % of total market
International banks
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
60.2%
12,0%
5.000
59.1%
30,0%
4.000
3.000
5,043
5,000
25.6%
26.3%
30,0%
2.000
20,0%
2,184
7.3%
620
5.2%
1.4%
440
121
2,184
1.000
7.5%
620
5.3%
440
34
Nordea
Latvian
Business
Bank
0
Hansapank
(Swedbank)
Eesti Ühispank Sampo Bank
(Skandinaviska
Enskilda Banken)
Nordea Bank
Swedbank
Eesti
Krediidipank
(Latvian Business Bank)
Source: BA-CA Economics Department
43
Skandinaviska
Enskilda
Banken
Sampo
Group
0.4%
10,0%
0,0%
Top 7 banks in Estonia
Ranking Bank
1
2
3
4
5
6
7
Total assets
5,043
2,184
620
440
121
41
12
Hansapank
Eesti Ühispank
Sampo Bank
Nordea Bank
Eesti Krediidipank
Tallinna Äripanga
Preatoni Pank
Total
8,461
HVB Group is represented via a branch.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
44
1)
Market share
59.1%
25.6%
7.3%
5.2%
1.4%
0.5%
0.1%
99.1%
Top 5 in Latvia
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Market share in % of total market
32.0%
17.8%
16.5%
14.8%
12,0%
21.6%
1.200
20,0%
1.000
7.6%
2,006
1,860
800
5.7%
1,668
600
13.6%
1,648
1,110
400
853
640
15,0%
10.7%
5.9%
702
551
200
5,0%
305
0
Parex Bank
Hansabanka
(Swedbank)
Unibank of
Rietumu banka
Latvia
(Skandinaviska
Enskilda Banken)
0,0%
Skandinaviska Swedbank
Enskilda Banken
Aizkraukles
banka
HVB Bank Latvia is ranked 11th.
Source: BA-CA Economics Department
45
10,0%
Nordea
NordLB
HVB Group
Top 10 banks in Latvia
Ranking
1
2
3
4
5
6
7
8
9
10
1)
Bank
Parex Bank
Hansabanka
Unibank of Latvia
Rietumu banka
Aizkraukles banka
Nordea Bank
NORD/LB Latvija
Mortgage and Land Bank of Latvia
Lateko Banka
Latvijas Krajbanka
Total
HVB Bank Latvia is ranked 11th.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
46
Total assets
2,006
1,860
1,668
853
640
572
554
454
451
310
Market share
17.8%
16.5%
14.8%
7.6%
5.7%
5.1%
4.9%
4.0%
4.0%
2.8%
9,370
83.2%
Top 5 in Lithuania
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Market share in % of total market
3.000
32.7%
Share in % of foreign banks
37.3%
12,0%
35,0%
2.500
30,0%
22.6%
2.000
25,0%
1.500
12.4%
2,757
#7
1,904
6.6%
5.2%
13.1%
15,0%
7.0%
5.2%
500
439
20,0%
15.3%
1.000
1,047
559
2,782
1,137
5.9%
975
5,0%
523
435
10,0%
#7
5.8%
439
435
Sampo
Group
HVB
Group
0
Vilniaus
AB Bankas NordLB
Bankas
Hansabankas
(Skandinaviska (Swedbank)
Enskilda
Banken)
Bankas
Snoras
Sampo
bankas
HVB Bank
Lithuania
(HVB Group)
Skandinaviska Swedbank
Enskilda
Banken
Source: BA-CA Economics Department
47
NordLB
Nordea
Top 7 banks in Lithuania
Ranking
1
2
3
4
5
1)
Total assets
2,757
1,904
1,047
559
439
Bank
Vilniaus Bankas
AB Bankas Hansabankas
NordLB
Bankas Snoras
Sampo bankas
Market share
32.7%
22.6%
12.4%
6.6%
5.2%
6
Ukiobanka
437
5.2%
7
HVB Bank Lithuania
435
5.2%
6.708
79,5%
Summe
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
48
Top 5 in Russia
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Market share in % of total market
2.500
29.1%
Share in % of foreign banks
14.9%
12,0%
13.7%
2.000
12,0%
9.7%
10,0%
1.500
8,0%
51,528
1.000
6.0%
10,590
2,167
1,986
#8
5.1%
2.8%
2.4%
9,021
4,867
4,236
Gazprom
Alfa-Bank
MDM-Bank
5.7%
5.0%
1,410
1.5%
500
4,0%
821
2,661
6,0%
722
2,0%
0,0%
Sberbank
Vneshtorgbank
International
Moscow
Bank
(HVB Group)
Raiffeisen
Citibank
HVB Group
Commerzbank
ABN AMRO
0
Source: BA-CA Economics Department
49
Top 10 banks in Russia
Ranking
1
2
3
4
5
6
7
8
9
10
Total assets
51,528
10,590
9,021
4,867
4,236
3,931
3,574
2,661
2,288
2,201
Bank
Sberbank
Vneshtorgbank
Gazprom
Alfa-Bank
MDM-Bank
Bank of Moscow
Rosbank
International Moscow Bank
Promyshlenno-Stroitelny Bank
UralSib Bank
Total
94,897
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
50
1)
Market share
29.1%
6.0%
5.1%
2.8%
2.4%
2.2%
2.0%
1.5%
1.3%
1.2%
53.7%
Top 5 in Ukraine
Top banks
International banks
Total assets in mn euros
Pro-rata, in mn euros
14,0%
Market share in % of total market
700
Share in % of foreign banks
43.9%
12,0%
11.0%
600
40,0%
8.8%
500
35,0%
7.9%
30,0%
400
25,0%
5.3%
300
4.2%
2,038
1,643
1,469
611
15.9%
10.4%
200
979
787
20,0%
221
100
15,0%
9.6%
5.9%
145
134
82
0
Privatbank
AVAL Bank
Prominvestbank Ukrsotsbank
Ukrsibbank
Source: BA-CA Economics Department
51
5,0%
0,0%
Raiffeisen
HVB Ukraine is ranked 13th.
10,0%
ING, N.V.
Amsterdam
Citibank
HVB Group
Others
Top 10 banks in Ukraine
Ranking
1
2
3
4
5
6
7
8
9
10
Total assets
2,038
1,643
1,469
979
787
734
703
611
539
384
Bank
Privatbank
AVAL Bank
Prominvestbank
Ukrsotsbank
Ukrsibbank
Ukreximbank
Oshadbank
Raiffeisenbank
Nadrabank
Brokbusinessbank
Total
9,886
HVB Ukraine is ranked 13th.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department
52
1)
Market share
11.0%
8.8%
7.9%
5.3%
4.2%
3.9%
3.8%
3.3%
2.9%
2.1%
53.1%
This comparison is based on a variety of different data which are not always complete and which do not
always correspond to international accounting standards. Moreover, results will be/were published in
individual countries only after this report was prepared. For this reason the data include estimates in
some cases. Especially the size of competitor banks' units which are organised as "foreign branches"
could partly not be ascertained or only estimated.
The comparison nonetheless gives a picture of the relative sizes and trends in the banking
market in CEE.
53