HVB Bank Slovakia

Private consumption continued to be strong, clearly reflected in the over 30% increase in loans to private customers. The bank’s market share of deposits rose to 3.6% and that of loans increased marginally to 6.8%.

Retail customers:

The total loan volume in the retail segment is over SKK 3.8 bn, an increase of more than 37% year-on-year. At SKK 3.5 bn, mortgage loans accounted for the major portion. At year-end 2006 the number of cards issued was 30,500, an increase of 18% year on year. Credit card related turnover rose by 22%. The total volume of savings products at HVB Bank Slovakia grew by 6% to SKK 9.3 bn. In the asset management segment the bank continued its successful cooperation with the Pioneer Investments Group. Assets under management rose to SKK 1.21 bn in 2006.

Corporate customers:

The corporate business in 2006 was characterised by a positive development of asset volumes accompanied, however, by a decrease of spreads due to fierce competition in the Slovak market. Loans to corporate customers rose by over 20% while the risk profile of the customer loan portfolio improved considerably; the deposit base rose by almost 20%.

In 2006 the real estate portfolio accounted for almost 16% of the total loan portfolio.