12 Feb 2009
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12 Feb 2009. PRESS CONFERENCE. 2008 RESULTS. 2008 RESULTS. 2008: Another satisfactory year in a troubled environment. AGENDA. Activity : BRD has continued its development in 2008 and shown a strong resilience

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2008 RESULTS

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2008 results

12 Feb 2009

PRESS CONFERENCE

2008 RESULTS


2008 results

2008 RESULTS

2008: Another satisfactory year in a troubled environment


2008 results

AGENDA

  • Activity: BRD has continued its development in 2008 and shown a strong resilience

  • General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

  • Risks: the net cost of risk is one of the lowest of the banking system

  • Performances:

    • Stay at high level in spite of the difficult environment

    • BRD Stock price suffers from the financial crisis due to the very low volume of the stock market


An expanding clientele

Activity

CLIENTS

An expanding clientele

Corporate Clients (*)

(x 1000)

Individual Clients (*)

(x 1000)

(*) Clients having performed transactions during the past three months


Network maintaining the expansion

Activity

NETWORK

Network: maintaining the expansion…

Number of branches

(end of period)

+124

+206

BRD

Express

+274

  • Mainlynext door banking: small customer oriented units (BRD Express).

+114

  • 751 branches opened since June 2003.

  • In 2008 expansion continued but at lower pace and 2009 will mark a pause in the development.


2008 results

44 + 9

32+7

69+1

82+8

34+3

32+2

59+18

50+2

38+2

32+12

44+4

32+3

57+14

29+15

109+20

VALAHIA

28+ 2

35+2

Activity

NETWORK

806agenciesat the end of2007

+ 124 agencies opened in 2008

… and covering all areas with

growth potential


2008 results

Activity

DEPOSITS / LOANS

Continuation of growth in spite of the crisis

Customers’ deposits

(BRD consolidated)

(end of year, MRON)

Loans to customers

(BRD consolidated)

(end of year, MRON)

+ 6%

+27%

+ 37%

Individuals

46%

Individuals

48%

+ 44%

Corporates

54%

Corporates

52%


2008 results

Activity

TOTAL COMMITMENTS

A continuous and powerful contribution to the economic activity

Structure of total commitments

as at 31 Dec 2008

Small

enterprises

7.1

Individuals

17.4

Medium

enterprises

10.8

Large corporate

8.2

Total commitments = 43.5 bnRON


Consumer finance brd finance strong growth in consumer credit

Activity

FOCUS ON SUBSIDIARIES

Consumer finance (BRD Finance): strong growth in consumer credit

Balances of loans to customers

(MRON)

  • Maintaining good results in a highly competitive market

  • Strong growth in balances +129 MRON (+21% vs. 31 Dec 2007).


2008 results

Activity

FOCUS ON SUBSIDIARIES

Leasing (BRD Sogelease) – vendor and equipment finance

Customer balances

(MRON)

+32%

  • A strong growth since inception

x 3.4

  • A key player in corporate asset financing (3rd rank among leasing bank affiliates)

  • A well balanced portfolio


Operational vehicle leasing and fleet management ald

Activity

FOCUS ON SUBSIDIARIES

Operational vehicle leasing and fleet management (ALD)

  • Still an emerging business in Romania, servicing both SME’s and large corporates

Vehicles under management (number)

  • A good start (July 2005), leveraging on ALD International – member of SG Group – expertise (2nd European player)

Corporate clients (number)

  • Fleet under management +2,212 vehicles in one year (+85%)


2008 results

Activity

NET BANKING INCOME

Solid increase in revenues

Net banking income

(BRD consolidated)

MRON)

  • Net banking income +27% vs. 2007

  • Interest margin +21% vs. 2007

  • Commissions +31% vs. 2007

  • FX and others +38% vs. 2007

  • Commisions contributed with 41% to 2008 NBI

  • 2008 NBI from Corporates customers 46% in total NBI, from individuals 38%

FX and

others

Commissions

Interest

margin

2008 - Exceptional result from Asiban not included


2008 results

AGENDA

  • Activity: BRD has continued its development in 2008 and shown a strong resilience

  • General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

  • Risks: the net cost of risk is one of the lowest of the banking system

  • Performances:

    • Stay at high level in spite of the difficult environment

    • BRD Stock price suffers from the financial crisis due to the very low volume of the stock market


2008 results

General expenses

EXPENSES

Pursuing a strong investment effort

Investments

(MEUR)

IT

19

Real estate

20

Other

25


2008 results

General expenses

EMPLOYEES

Pursuing the recruitment effort but at slower pace and a strict management of administrative expenses

Employees

(end of year - consolidated)

+954


2008 results

GROSS OPERATING INCOME

2008: Maintaining a high increase in revenues

Gross Operating Income

(BRD consolidated)

(MRON)

  • Low cost/income ratio despite ongoing commercial investment

  • Accelerated growth of Gross Operating Income

Operating

ratio

2008 - Exceptional result from Asiban not included


2008 results

AGENDA

  • Activity: BRD has continued its development in 2008 and shown a strong resilience

  • General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

  • Risks: the net cost of risk is one of the lowest of the banking system

  • Performances:

    • Stay at high level in spite of the difficult environment

    • BRD Stock price suffers from the financial crisis due to the very low volume of the stock market


2008 results

Risks

COST OF RISK

Limited increase of the cost of credit risk

Net Cost of Commercial Risk/Commitments

(BRD consolidated)

  • From the Net Cost of Risk of 2008 16 b.p. represents “regulatory impact”

  • The BRD’s credit risk rate is lower than the banking system:

    • On balance sheet: 3.86% (6.52% total banking system)

    • On and off balance sheet: 4.18% (7.67% total banking system)

Total Loans

(bnRON)


2008 results

AGENDA

  • Activity: BRD has continued its development in 2008 and shown a strong resilience

  • General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

  • Risks: the net cost of risk is one of the lowest of the banking system

  • Performances:

    • Stay at high level in spite of the difficult environment

    • BRD Stock price suffers from the financial crisis due to the very low volume of the stock market


2008 results

Performances

PROFIT AND LOSS ACCOUNT

2008: Another satisfactory year in a troubled environment

(*) BRD + BRD Sogelease + BRD Finance + BRD Securities


2008 results

Performances

RETURN ON EQUITY

Financial strength and strong recurrent profitability

Total B/S as of 31 December 2008 : 51.4 bnRON

  • Equity – 95% increase over the last two years, due to the excellent increase in net profit (+66% vs. 31 Dec 2006).

BRD + BRD Sogelease + BRD Finance + BRD Securities


2008 results

Performances - Stock price

STOCKMARKET PRICE

BRD share price above BET index

Evolution on the Stock Exchange average price

(area 2008 – the 100 basis in 2001)

Market capitalisation at 09.02.2009 = 928 MEUR

BRD RON

BET RON

*01.01 – 06.02.2009


2008 results

2008 RESULTS

2008: Another satisfactory year in a troubled environment

2008

Evolution 08/07

MRON

nominal

Net banking income

3,199

27%

Operating profit

1,841

31%

Net consolidated profit (*)

1,138

22%

Net consolidated profit with Asiban

1,364

46%

Net profit (BRD stand alone)

1,127

23%

Net profit with Asiban (BRD stand alone)

1,353

48%

(*) BRD + BRD Sogelease + BRD Finance+ BRD Securities


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