UniBanka

The market share in loans business contracted slightly to 4.5%, in deposits business it increased to 5.2%. Profit before tax decreased by 4.5% to SKK 388 m in 2006. However, this result includes integration costs of SKK 128 m. Adjusted for this cost element, profit before tax increased by 27% to SKK 517 m and the adjusted cost/income ratio improved to below 75%.

Retail customers:

UniBanka is one of the major market players in retail banking, registering an increase of almost 30% in this segment in 2006. Driven by strong demand for mortgage loans, total loans rose by over 30% in 2006. On the deposits side, UniBanka followed the market trend with growth in excess of 10%; in the private customer segment, it was even more successful with growth of 50%. This strong increase was achieved through the continuing expansion of alternative (electronic) sales channels, partnered by a series of new products including transparent mortgage loans and structured deposits.

Corporate customers:

UniBanka’s traditional strength is in corporate customer business as again evidenced in the increase in its market share for deposits to 6.5% in 2006. In a relatively short period of time UniBanka achieved significant progress in building up a competitive market share of 6% in financing real estate projects.

Outlook:

The merger of HVB Bank Slovakia and UniBanka will be completed in April 2007. Measured by total assets, the new UniCredit Bank will be the fourth-largest bank in the country and will have more than 90 branches. UniCredit Bank Slovakia will be the market leader in corporate finance. In the retail segment, both customer numbers and volumes will expand sustainably with a strong focus on mortgage loans and credit card business.