Structure and development of BA-CA’s credit portfolio

The presentation of our risk exposure in this section is based on all assets involving credit risk. This corresponds to the BA-CA risk position on a consolidated basis. The following table shows a breakdown of the risk position according to balance sheet items, including guarantees and undrawn portions of credit facilities. Against the background of the realignment of BA-CA initiated in 2006, involving the sale of HVB Splitska banka and Bank BPH, a comparison of risk exposure data with the published figures for the previous year is only meaningful to a limited extent. Therefore the comparative data for 2005 have been adjusted in a pro-forma presentation.

The categories listed above cover the following products:

• Loans and receivables with banks comprise loans, advances and money market placements.
• Loans and receivables with customers (private individuals, businesses and public entities) include loans (revolving loans, term loans and overdraft facilities), mortgage loans, export loans, and finance lease receivables.
  
• Financial assets held for trading comprise bonds and other fixed-income securities, shares and floating-rate securities, positive market values of derivative financial instruments and other financial assets held for trading.
  
• Investments excluding interests in subsidiaries and other companies: bonds and other fixed-income securities, shares and floating-rate securities. Not included are investments in companies valued at equity, interests in subsidiaries and investment property.
  
• Contingent liabilities and commitments include letters of credit and other trade-related guarantees, loan commitments not yet utilised, and acceptances and endorsements. From 2004, excluding contingent liabilities to companies included in consolidation.