Transcript Kein Folientitel

Pascal Becker
Member of the Executive Board
Outlook for the banking system after
joining the EU: new actors on the market
Romanian Banking Forum, Bucharest, 27 Nov. 2006
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30-06-2006
The Specialist Bank for the Public Sector
DEXIA KOMMUNALKREDIT BANK
I) Short presentation of Dexia Kommunalkredit Bank
II) Joining the EU: new financings available in
Romania thanks to a more stable and predictable
environment
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30-06-2006
The Specialist Bank for the Public Sector
DEXIA KOMMUNALKREDIT BANK
Joint venture between Dexia Crédit Local and Kommunalkredit Austria
— established in March 2005 in order to concentrate and strengthen the activities of
Dexia Credit Local and Kommunalkredit in Central and Eastern Europe
— Dexia is the world market leader in financing local authorities and public infrastructure
projects
— Kommunalkredit is Austria's number 1 in public finance
Specialist bank for the public sector in Central and Eastern Europe
— Long-term financing solutions to public authorities and public enterprises
— Financing solutions adapted to local environment and needs of the customers in the
CEE (e. g. Maastricht-neutral financing solutions)
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The Specialist Bank for the Public Sector
Our Market
Domicile of Dexia
Kommunalkredit Bank
Countries in which
Dexia-Kom has an
entity
Countries serviced by
Dexia-Kom from Vienna
15 countries with 136 mln. inhabitants
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The Specialist Bank for the Public Sector
The network in CEE
50.84
Dexia Crédit Local
5
%
49.16
Kommunalkredit Austria AG
78,98%
100%
100%
100%
100%
100%
Dexia banka
Slovensko a.s.,
Zilina (SK)
Dexia
Kommunalkredit
Bank Polska S.A.,
Warsaw (PL)
Dexia
Kommunalkredit
Czech Republic
a.s., Prague (CZ)
Dexia
Kommunalkredit
Bulgaria EOOD,
Sofia (BG)
Dexia
Kommunalkredit
Romania S.R.L.,
Bucharest (RO)
Dexia
Kommunalkredit
Hungary Kft.,
Budapest (HU)
30-06-2006
The Specialist Bank for the Public Sector
Shareholders
Dexia Group
Kommunalkredit Austria
( 30-06-2006)
(30-06-2006)
Total assets: EUR 514 bln.
Total assets: EUR 23.3 bln.
Return on equity: 17.4%
Staff: 289
Return on equity: 24.3 %
Kommunalkredit
Dexia Crédit Local
49.16%
50.84%
Staff: 25 000
Long-term ratings:
Dexia Kommunalkredit Bank
Kommunalkredit
Kommunalkredit Covered Bond
Dexia
Dexia Municipal Agency
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Moody's
Aa2
Aa3
Aaa
Aa2
Aaa
Fitch Ratings
AA
AAAA+
AAA
The Specialist Bank for the Public Sector
Financings
The business fields
Infrastructure
Social
housing
Health
Public Finance CEE
Education
Culture
Energy
Environment, Water,
Waste management
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The Specialist Bank for the Public Sector
Dexia Kommunalkredit Bank
Key Figures
31-12-2004
[EUR mln.]
31-12-2005
[EUR mln.]
31-10-2006
[EUR mln.]
470.5
728.9
1,115.4
+ 53%
3.2
2,529.5
4,249.2
+ 58%
986.7
3,976.3
6,365.1
+ 60%
Pre-tax profit
4.9
7.5
14.1
+ 88%
After-tax profit
3.1
4.3
9.9
+ 130%
11.4%
8.4%
13.3%
7.0%
5.5%
10.0%
Cost-income ratio
77.1%
78.5%
65.0%
Tier 1 ratio
12.2%
12.2%
10.3%
Total capital ratio
21.1%
21.1%
16.7%
Loans and advances to customers
Financial investments
Total assets
Return on equity before tax
Return on equity after tax
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Change /
Share in %
The Specialist Bank for the Public Sector
Dexia Kommunalkredit Bank
Development between 01-03-2005 and 31-10-2006
Already a strong player in CEE
Since inception, we have invested more
than EUR 5 billion in the Public Sector in
Central and Eastern Europe
(and a bit more than EUR 500 million in
Romania).
* preliminary figures
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30-06-2006
The Specialist Bank for the Public Sector
DEXIA KOMMUNALKREDIT BANK
I) Short presentation of Dexia Kommunalkredit Bank
II) Joining the EU: new financings available in
Romania thanks to a more stable and predictable
environment
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30-06-2006
The Specialist Bank for the Public Sector
Sub-sovereign and infrastructure projects
require long term financing:
and to finance long term, the bank requires :
- Stability of the legal and administrative system,
- Transparency of the accounts,
- Revenue predictability.
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The Specialist Bank for the Public Sector
=> EU
integration brings you lots of constraints but
also provides comfort to the Financial Institutions as
regards to the stability / predictability of the
environment.
=> EU integration entails an overall rating upgrade
allowing CEE countries to benefit from financial
innovations already implemented in Western Europe.
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The Specialist Bank for the Public Sector
Improving Creditworthiness of
Local Authorities in CEE
Moody's sovereign ratings long term, foreign currency
(before November 12, 2002/current)
Baa1/A1
Baa2/A2
Ba1/A2
Baa1/A2
Baa1/A1
Baa3/A1
Aaa/Aaa
Baa1/A1**
A3/Aa2
Baa3/
Baa3
B3/Baa3
B2/Baa3
Upgradings since
12-11-2002 (in notches)
Estonia
3
Latvia
3
Lithuania
5
Poland
2
Slovakia
5
Slovenia
4
Czech Republic
3
Hungary
3
Bulgaria
5
Croatia
0
Romania
6
*under review for possible upgrade
**negative outlook
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The Specialist Bank for the Public Sector
Evolution in Central and Eastern Europe:
towards a more efficient Financial Market
- Evolution of the loan market => long term, restructuring,…
- Access to capital markets products
- Credit enhancement
- Mobilisation of long term ressources on domestic financial
markets
- Need for Maastricht- deficit neutral solutions
- Public-Private-Partnerships (PPPs)
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The Specialist Bank for the Public Sector
ex : Development of PPPs
_Slovakia
_Poland
Legal framework
under review
 Roads, Water


_Hungary
PPP Inter Ministerial
Committee and PPP Department
(Ministry of Transport)
 New Procurement Act, 2004
 Roads, Prisons, Students
Accommodation
Water

_Romania
_Czech Republic

PPP Taskforce, 2004
 Concession Act under
preparation
 Program of pilots
projects under preparation
 Roads, Water,
Army accommodation
Roads

KEY
_Country
_Croatia
Water
 Transport

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Legal framework
 Sectors where projects
have already been closed
or are under consideration

The Specialist Bank for the Public Sector
Conclusion
Dexia Kommunalkredit Bank
Special value for customers through specialist know-how
Innovative financing solutions adapted to local requirements
Strong expertise in Central and Eastern Europe
Competitive funding due to good ratings of owners
Focused investments in CEE due to great market potential
Dexia-Kom : your partner in CEE
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The Specialist Bank for the Public Sector
Dexia Kommunalkredit Bank
THANK YOU VERY MUCH FOR
YOUR KIND ATTENTION
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The Specialist Bank for the Public Sector
Phone
Reinhard Platzer
Chief Executive Officer
100
Pascal Becker
Member of the Executive
Board
300
Leopold Fischer
Member of the Executive
Board
520
Claudia Schmied
Member of the Executive
Board
200
Dexia Kommunalkredit Bank, Tuerkenstraße 9, 1092 Vienna
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+43-1-31 6 31-
Fax
500
The Specialist Bank for the Public Sector
Contact List
Roxana Lazar
CEO
Dexia Kommunalkredit
Romania
021 20 19 400
Marian Sirbu
Commercial Director
021 20 19 402
Matei Creiveanu
Senior Relationship
Manager
021 20 19 403
Cosmin Maican
Financial Analyst
021 20 19 400
Cosmina Avram
Office Manager
021 20 19 400
www.dexia-kom.ro
Bucuresti, Calea Dorobanti nr. 42
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The Specialist Bank for the Public Sector