1. BA-CA Comparison of Banks: International Banks in the New Europe
2004/2005
July 2005

2. Notes to the comparison of banks
The comparison covers the following countries:
Albania  Macedonia
Bosnia and Herzegovina  Poland
Bulgaria  Romania
Croatia  Russia
Czech Republic  Serbia and Montenegro
Estonia  Slovakia
Hungary  Slovenia
Latvia  Ukraine
Lithuania
“CEE total“ refers to the above mentioned 17 countries. “CEE*“ refers to the above mentioned countries excluding Russia and Ukraine.
The data used are based on the total assets as of 31 December 2004, reflecting ownership interests as at 30 June 2005.
The total assets of the entire banking market in the first section of the comparison differ from those in the subsequent sections: The first section uses total assets according to central bank statistics (translated at the average annual exchange rate). The other sections of the comparison use the total assets obtained by adding together the total assets as shown in the banks‘ local financial statements (translated at the year-end exchange rate).

3. Contents Status quo and development of the banking sector in CEE
The largest international banks in CEE
Supplement: The largest banks in the individual countries

4. The banking market 2004 in CEE at a glance
Some 400 banks with total assets of almost 440 billion euros in CEE*
Incl. Russia and Ukraine: over 2,000 banks with total assets of more than 650 billion euros
Degree of intermediation (total assets as a percent of GDP):
between 35% in Serbia and 109% in Croatia
average 74% in CEE* (average for the euro area: 206%)
average 59% in CEE total
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine

5. The banking market in CEE: development of loans from 2000 to 2004
Lending volume (% of GDP, as at end 2004):
highest in Croatia with 62% / lowest in Romania with 18%
average 34% in CEE* / 31% in CEE total
euro area: 102%
Credit growth (average ):
more than 40% in Bulgaria and Romania
more than 30% in Russia, Ukraine and the Baltics
about 20% in Hungary, Slovenia, Croatia and Bosnia
less than 10% in Poland and Serbia
stagnation with moderate upturns in the Czech Republic and in Slovakia
average 15% in CEE* / 24% in CEE total
euro area: 4%
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine

6. The banking market in CEE: development of deposits from 2000 to 2004
Deposits (% of GDP, as at end 2004):
highest in the Czech Republic (64%) and in Croatia (60%)
lowest in Romania (24%), Ukraine (23%), Serbia (20%) and Russia (16%)
average 43% in CEE* / 31% in CEE total
euro area: 73%
Deposit growth ( ):
lower than credit growth
strongest growth rates in Serbia (49%), Ukraine (44%), Russia (39%) and Romania (38%)
average 12% in CEE* / 19% in CEE total
euro area: 6%
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine

7. The banking market in CEE in figures
2004
No. of
banks 1)
Market share 3)
Total
assets
Household
Internat.
Growth
loans
deposits
banks
TOP 5
% of GDP
00-04
in euros per capita
p.a. 2)
Poland 54
70%
50%
65%
30% 7%
688
39% 6%
1272
Hungary 35
77%
53%
82%
41%
21%
1185
40%
13%
2073
Czech Republic
83%
63%
96%
33%
-1%
966
64%
3262
Slovakia 21
97%
67%
88%
29%
625 4%
1961
Slovenia 19
38%
92%
46%
16%
1586
51%
4908
Estonia 6
98%
47%
1545
44%
17%
1292
Latvia 23
49%
62%
107%
860
31%
28%
832
Lithuania 12
93%
79%
373
27%
811
Croatia 39
91%
74%
109%
1979
60%
18%
2687
Bulgaria
80%
52%
66%
35%
45%
287
24%
591
Romania
57%
43%
135
415
Serbia 45
20% 9%
111
221
Bosnia 33
59%
73%
352
CEE*
396
75%
34%
15%
640
12%
1331
Ukraine
160 8%
37% 53
23%
142
Russia
1464
36%
120
387
CEE total
2020
55%
54%
308
19%
710
Euro area
2287
206%
102%
12398
13556
Total loans
Total deposits
1) cooperative sector as one bank
2) per annum in local currency
Source: national central banks, BA-CA Economics Department
3) majority ownership calculated as 100%, 2004

8. Development of total loans (in % of GDP)PL H CZ SK SI
EST LV LT HR BG RO
SCG BA UA
RUS
CEE total
euro
area 20 40 60 80
100
2004
2008*
102 %
Year-end figures, * forecast
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
Source: BA-CA Economics Department

9. Development of personal loans (per capita in euros)PL H CZ SK SI
EST LV LT HR BG RO
SCG BA UA
RUS
CEE total
euro area
1000
2000
3000
4000
2004
2008*
~12.400
euros
Year-end figures, * forecast
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
Source: BA-CA Economics Department

10. Development of total deposits (in % of GDP)PL H CZ SK SI
EST LV LT HR BG RO
SCG BA UA
RUS
CEE total
euro area 20 40 60 80
2004
2008* % 73
Year-end figures, * forecast
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
Source: BA-CA Economics Department

11. Development of personal deposits (per capita in euros)PL H CZ SK SI
EST LV LT HR BG RO
SCG BA UA
RUS
CEE total
euro area
1000
2000
3000
4000
5000
6000
2004
2008*
~13.600
euros
Year-end figures, * forecast
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
Source: BA-CA Economics Department

12. Loans and deposits: outlook until 2008
Growth of total loans:
above average growth rates to be expected in Bulgaria, Romania, Serbia, Russia and Ukraine, with growth slowing down somewhat
2005: +16% in CEE* / +24% in CEE total
: +13% in CEE* / 17% in CEE total
Personal loans:
strong growth expected
2005: +20% in CEE* / +31% in CEE total
2008: some 1,200 euros per capita in CEE* / some 700 euros per capita in CEE total
Growth of deposits:
in Russia, Ukraine, Romania, Bulgaria and Serbia clearly stronger growth than in the other CEE countries
2008: some 1,900 euros per capita in CEE* / some 1,200 euros per capita in CEE total
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine

13. Contents Status quo and development of the banking sector in CEE
The largest international banks in CEE
Supplement: The largest banks in the individual countries

14. International banks show growing interest in CEE
The share of international banks in Central and Eastern Europe increased again in 2004:
69% in CEE* / 50% in CEE total (based on ownership interests)
75% in CEE* / 55% in CEE total (majority ownership at 100%)
comparative figure for 1996: 21% in CEE*
This means that the share of international banks in CEE* has more than tripled over the past ten years.
Combined total assets of international banks in CEE* have increased from 44 to 336 billion euros.
Highest share of banks in which foreign owners have a majority interest: Estonia (98%), Slovakia (97%), Lithuania (93%), Croatia (91%) and Albania (90%)
More than 50% of banks are foreign-owned in: Poland, Hungary, Czech Republic, Romania, Bulgaria and Bosnia
Foreign share below 50%: Slovenia, Latvia, Serbia
Foreign share below 10%: Ukraine, Russia
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine

15. Share of foreign banks increased since 1996 from 21% to a current 69%
Total assets and share of international banks
(CEE* [excl. RUS / UA], bn euros and in % of all banks) 44 61 75
109
160
210
214
236
307
316
30%
42%
53%
60%
62%
66%
69%
27%
21%
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005*)
Pro-rata share based on ownership interests in bn euros
Market share of international banks
\\RZDC04\Group4\ABT8889\8889_2\Mitarbeiter\Stiglitz\CEE Bankenvergleich 2004 (Gerber)\Auswertung- und Kalkulationstabellen\Anteil Auslandsbanken inkl. Baltikum.xls
Source: BA-CA Economics Department
*) Forecast

16. International banks control 3/4 of the banking sector
Total assets and share of international banks
(majority ownership at 100%, bn euros and in % of all banks, 2004)
Majority ownership at 100%, in bn euros
Market share of foreign-owned banks 92 50 72 29 9 8 6 27 15 10 2 3
336 1
352
97%
38%
49%
66%
80%
90%
75% 8%
55%
70%
91%
83%
93%
98%
77% PL HU CZ SK SI
EST LV LT HR RO BG
SCG BA AL
CEE* UA
RUS
CEE total
\\RZDC04\Group4\ABT8889\8889_2\Mitarbeiter\Stiglitz\CEE Bankenvergleich 2004 (Gerber)\Auswertung- und Kalkulationstabellen\Anteil Auslandsbanken inkl. Baltikum.xls
CEE* ... excl. Russia and Ukraine
CEE total ... incl. Russia and Ukraine
Source: BA-CA Economics Department

17. Austrian banks are leading players in CEE (share in % of all international banks in CEE)
29.4%
Belgium
10.3%
Germany
7.7%
France
7.5%
USA
6.9%
Italy
13.3%
Sweden
5.4%
Greece
1.7%
Portugal
0.7%
Great Britain
0.5%
Rest
7.2%
Ireland
1.8%
Netherlands
6.5%
Hungary
1.1%
\\RZDC04\Group4\ABT8889\8889_2\Mitarbeiter\Stiglitz\CEE Bankenvergleich 2004 (Gerber)\Auswertung- und Kalkulationstabellen\Auswertung für Top Auslandsbanken gesamt.xls
Tabelle 5
Source: BA-CA Economics Department

18. HVB Group (BA-CA and HypoVereinsbank)
The largest international banking groups in CEE1) (100% majority ownership interests; excl. EBRD and IFC; total assets according to local financial statements)
100% majority ownership interests, in bn euros
Market share held by all banks
35.2
35.0
30.8
27.7
27.2
20.9
16.5
16.1
15.6
12.5
4.8%
4.3%
4.2%
3.2%
2.6%
2.5%
2.4%
1.9%
5.4%
5.5%
KBC
HVB Group (BA-CA and HypoVereinsbank)
ERSTE Bank
UniCredit
Raiffeisen
Société
Générale
Banca Intesa
Citibank
ING, N.V.
Amsterdam
Commerz- bank
1) EU new member states, EU candidate countries, Albania, Macedonia, Serbia and Montenegro, Bosnia-Herzegovina, Russia, Ukraine
Source: BA-CA Economics Department

19. HVB Group (BA-CA and HypoVereinsbank)
The largest international banking groups in CEE1) (100% majority ownership interests, consolidated figures, incl. CEE leasing, bn euros)
28.4*
27.2
32.0
33.3
HVB Group (BA-CA and HypoVereinsbank)
ERSTE Bank
KBC
UniCredit
Raiffeisen
BA-CA
32.2
HVB
3.3
35.5
BA-CA‘s position in CEE is better than ever before. According to total assets in 2004, our banking group is the clear number 1 in CEE banking. With some 35.5 billion euros total assets BA-CA together with HypoVereinsbank ranks first, ahead of Erste Bank, KBC, UniCredit and Raiffeisen. This is a good foundation for our further growth.
1) EU new member states, EU candidate countries, Albania, Macedonia, Serbia and Montenegro, Bosnia-Herzegovina, Russia, Ukraine * incl. Kosovo, excl. Belarus
Source: company data / annual reports

20. Contents Status quo and development of the banking sector in CEE
The largest international banks in CEE
Supplement: The largest banks in the individual countries

21. Top 5 in Poland Top banks International banks 16.3% 11.0% 10.0% 6.5%
BA-CA (HVB Group)
Amsterdam
Top banks
21,597
8,306
13,216
14,564
8,607
10.0%
6.5%
6.3%
16.3%
11.0%
PKO BP
Bank Pekao
(UniCredit)
Bank BPH (BA-CA)
ING Bank
Śląski
Bank Handlowy
w Warszawie
(Citibank)
International banks
7,709
7,604
6,230
5,503
9,736
7.2%
12.8%
10.1%
8.2%
2.000
4.000
6.000
8.000
10.000
12.000
UniCredit
ING, N.V.
Citibank
Commerzbank
0,0%
2,0%
4,0%
6,0%
8,0%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

22. Top 10 banks in Poland Ranking Bank Total assets Market share 11)
Market share 1
PKO BP S.A.
21,597
16.3% 2
Bank Pekao S.A.
14,564
11.0% 3
Bank BPH S.A.
13,216
10.0% 4
ING Bank Slaski S.A.
8,607
6.5% 5
Bank Handlowy w Warszawie S.A.
8,306
6.3% 6
BRE Bank S.A.
7,379
5.6% 7
Bank Zachodni WBK
6,505
4.9% 8
Kredyt Bank
5,356
4.1% 9
Bank Millenium
5,290
4.0% 10
Bank Gospodarki Zywnosciowej
4,093
3.1%
Total
94,913
71.8%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

23. MKB (Bayerische Landesbank)
Top 5 in Hungary
Top banks
12,381
6,535
5,929
4,523
4,841
7.0%
7.4%
9.1%
19.0%
10.1%
OTP
K&H (KBC)
MKB (Bayerische Landesbank)
CIB (Banca Intesa)
Erste
International banks
5,313
4,520
4,423
4,398
3,886
8.9%
9.0%
9.2%
10.8%
7.9%
1.000
2.000
3.000
4.000
5.000
6.000
Bayerische
Landesbank
ERSTE Bank
Banca Intesa
Raiffeisen
KBC
2,0%
4,0%
8,0%
10,0%
HVB Bank (BA-CA)
3,716
5.7% #7
7.5%
BA-CA (HVB Group)
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

24. Top 10 banks in Hungary Ranking Bank Total assets Market share 1 OTP1)
Market share 1
OTP
12,381
19.0% 2
K&H
6,535
10.1% 3
MKB
5,929
9.1% 4
CIB
4,841
7.4% 5
Erste
4,523
7.0% 6
Raiffeisen
4,398
6.8% 7
HVB Bank Hungary Rt
3,716
5.7% 8
MFB
2,463
3.8% 9
Budapest Bank
1,847
2.8% 10
FHB
1,692
2.6%
Total
48,326
74.3%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

25. Top 5 in the Czech Republic
Top banks
16,806
15,618
14,767
3,176
4,706
3.7%
5.4%
18.0%
19.4%
17.0%
CSOB (KBC)
Ceska
Sporitelna (ERSTE Bank)
Komercni
Banka (Société Générale)
HVB Bank
Czech Republic (BA-CA)
Commerzbank
International banks
16,150
16,110
8,912
7.1%
13.5%
24.4%
4.8%
2.000
4.000
6.000
8.000
12.000
14.000
16.000
18.000
KBC
ERSTE Bank
Société Générale
0,0%
5,0%
10,0%
15,0%
20,0%
BA-CA (HVB Group)
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

26. Top 10 banks in the Czech Republic
Ranking
Bank
Total assets 1)
Market share 1
CSOB
16,806
19.4% 2
Ceska sporitelna, a.s.
15,618
18.0% 3
Komercni banka
14,767
17.0% 4
HVB Bank Czech Republic
4,706
5.4% 5
Commerzbank
3,176
3.7% 6
Citibank
2,501
2.9% 7
Raiffeisenbank a.s.
2,086
2.4% 8
GE Money Bank, a.s.
1,970
2.3% 9
ING
1,769
2.0% 10
Zivnostenská banka
1,542
1.8%
Total
64,941
74.8%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

27. Sporitelna (ERSTE Bank)
Top 5 in Slovakia
International banks
5,513
5,099
4,104
2,247
1,686
8.1%
14.8%
18.4%
19.9%
6.1%
1.000
2.000
3.000
4.000
5.000
6.000
Banca Intesa
ERSTE Bank
Raiffeisen
KBC
EBRD
5,0%
10,0%
15,0%
20,0%
Top banks
6,075
5,689
4,327
1,641
2,366
5.5%
7.9%
14.4%
20.2%
19.0%
Slovenska
Sporitelna (ERSTE Bank)
VUB (Banca Intesa)
Tatra banka (Raiffeisen)
ČSOB (KBC)
HVB Bank
Slovakia (BA-CA)
5.9% #6
BA-CA (HVB Group)
25,0%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

28. Top 10 banks in Slovakia Ranking Bank Total assets Market share 11)
Market share 1
Slovenska Sporitelna
6,075
20.2% 2
VUB
5,689
19.0% 3
Tatra banka
4,327
14.4% 4
ČSOB
2,366
7.9% 5
HVB Bank Slovakia
1,641
5.5% 6
ING Bank N.V.
1,433
4.8% 7
UniBanka
1,266
4.2% 8
Prva stavebna sporitelna
1,125
3.7% 9
Dexia Banka Slovensko
978
3.3% 10
OTP Banka
874
2.9%
Total
25,776
85.9%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

29. SKB banka (Société Générale)
Top 5 in Slovenia
Top banks
7,642
2,516
2,011
1,508
1,616
8.4%
6.8%
6.3%
31.9%
10.5%
Nova
Ljubljanska
Banka (KBC)
Nova kreditna
banka Maribor
A banka Vipa
SKB banka (Société Générale)
Banka Celje
International banks
2,755
1,610
871
647
1,249
10.3%
14.8%
19.0%
32.6%
7.7%
500
1.000
1.500
2.000
2.500
3.000
KBC
Société Générale
San Paolo IMI
Raiffeisen
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
1,250
5.2%
BA-CA
Ljubljana #7
BA-CA (HVB Group)
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

30. Top 10 banks in Slovenia Ranking Bank Total assets Market share 11)
Market share 1
Nova Ljubljanska banka d.d.
7,642
31.9% 2
Nova kreditna banka Maribor d.d.
2,516
10.5% 3
A banka Vipa d.d.
2,011
8.4% 4
SKB banka d.d.
1,616
6.8% 5
Banka Celje d.d.
1,508
6.3% 6
Banka Koper d.d.
1,391
5.8% 7
Bank Austria Creditanstalt d.d.
1,250
5.2% 8
Gorenjska banka d.d.
1,167
4.9% 9
Raiffeisen Krekova banka d.d.
666
2.8% 10
Hypo-Alpe-Adria bank d.d.
566
2.4%
Total
20,333
85.0%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

31. Top 5 in Croatia Top banks International banks 25.0% 17.7% 11.2% 10.6%
7,506
5,326
3,366
2,804
3,185
17.7%
25.0%
11.2%
10.6%
9.3%
Zagrebacka
Banka (UniCredit)
Privredna Banka
Zagreb (Banca Intesa)
Erste &
Steiermärkische
Bank
Raiffeisenbank
Austria
HVB Splitska
Banka (BA-CA)
International banks
6,176
4,337
2,936
2,810
11.1%
12.1%
16.4%
23.4%
1.000
2.000
3.000
4.000
5.000
6.000
7.000
UniCredit
Banca Intesa
Raiffeisen
Hypo Alpe Adria
0,0%
5,0%
10,0%
15,0%
BA-CA (HVB Group)*
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
*incl. Jadranska Banka
Source: BA-CA Economics Department

32. Top 10 banks in Croatia Ranking Bank Total assets Market share 11)
Market share 1
Zagrebacka Banka
7,506
25.0% 2
Privredna Banka Zagreb
5,326
17.7% 3
Erste & Steiermärkische Bank
3,366
11.2% 4
Raiffeisenbank Austria
3,185
10.6% 5
HVB Splitska Banka
2,804
9.3% 6
Hypo Alpe-Adria-Bank
2,249
7.5% 7
Nova Banka
1,040
3.5% 8
Slavonska Banka
725
2.4% 9
Hrvatska Postanska Banka
724
2.4% 10
Volksbank
473
1.6%
Total
27,398
91.1%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

33. Dezvoltare (Société Générale)
Top 5 in Romania
Top banks
5,979
2,500
2,076
1,275
1,321
10.8%
25.8%
8.9%
5.7%
5.5%
Banca
Comerciala
Romana
Banca Romana
Pentru
Dezvoltare (Société Générale)
Raiffeisen Bank
Romania
Casa De
Economii Si
Consemnatiuni
ING Barings
International banks
2,078
1,458
1,152
1,393
9.3%
10.2%
10.6%
15.2%
8.4%
500
1.000
1.500
2.000
2.500
Raiffeisen
Société Générale
BA-CA* (HVB Group)
ING, N.V.
Amsterdam
ABN AMRO
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
1,057
676
1,733
HVB Bank Romania +
Banca Tiriac; (BA-CA)
7.5% #4
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
*incl. Banca Tiriac
Source: BA-CA Economics Department

34. Top 10 banks in Romania Ranking Bank Total assets Market share 11)
Ranking
Bank
Total assets
Market share 1
Banca Comerciala Romana S.A.
5,979
25.8% 2
Banca Romana Pentru Dezvoltare S.A.
2,500
10.8% 3
Raiffeisen Bank (Romania) S.A.
2,076
8.9%
HVB Bank Romania S.A. + Banca Tiriac
1,733
7.5% 4
Casa De Economii Si Consemnatiuni S.A.
1,321
5.7% 5
ING Barings Romania S.A.
1,275
5.5% 6
ABN AMRO Bank (Romania) S.A.
1,153
5.0% 7
Banc Post S.A.
1,102
4.7% 8
HVB Bank Romania S.A.
1,057
4.6% 9
Alpha Bank Romania S.A.
737
3.2% 10
Banca Transilvania S.A.
661
2.8%
Total
17,862
76.9%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

35. Top 5 in Bulgaria Top banks International banks 14.5% 13.1% 10.3% 8.8%
1,842
1,665
1,126
1,026
8.0%
8.8%
14.5%
13.1%
Bulbank (UniCredit)
DSK Bank (OTP)
United Bulgarian Bank (National Bank of Greece)
Raiffeisenbank
Bulgaria
International banks
1,569
1,225
1,310
12.1%
13.0%
15.6%
16.5%
10.2%
200
400
600
800
1.000
1.200
1.400
1.600
1.800
OTP
UniCredit
BA-CA*
(HVB Group)
National Bank of Greece
Raiffeisen
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
16,0%
1,314
10.3%
HVB Bank
Biochim +
Hebros Bank; (BA-CA)
Pro-rata, in mn euros
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
*incl. Hebros Bank
Source: BA-CA Economics Department

36. Top 10 banks in Bulgaria Ranking Bank Total assets Market share 11)
Market share 1
Bulbank
1,842
14.5% 2
DSK bank
1,665
13.1% 3
HVB Bank Biochim + Hebros Bank
1,314
10.3% 4
United Bulgarian Bank
1,126
8.8% 5
Raiffeisenbank Bulgaria
1,026
8.0% 6
First Investment Bank
844
6.6% 7
Bulgarian Post Bank
597
4.7% 8
Economic and Investment Bank
399
3.1% 9
SG Expressbank
393
3.1% 10
Roseximbank
371
2.9%
Total
9,264
72.7%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

37. Top 5 in Serbia and Montenegro
Top banks
877
695
662
362
464
5.6%
7.2%
10.2%
13.6%
10.8%
Raiffeisenbank
Jugoslavija a.d.
Beograd
Delta banka
a.d. Beograd
Komercijalna
banka a.d.
Vojvodanska
Novi Sad
HVB Bank Serbia and Montenegro + Eksimbanka; (BA-CA)
International banks
789
359
292
123
357
12.2%
15.0%
33.0%
5.1%
100
200
300
400
500
600
700
800
900
Raiffeisen
Hypo Alpe Adria
BA-CA* (HVB Group)
Société Générale
National Bank of Greece
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
*incl. Eksimbanka
Source: BA-CA Economics Department

38. Top 10 banks in Serbia and Montenegro
Ranking
Bank
Total assets 1)
Market share 1
Raiffeisenbank Jugoslavija a.d. Beograd
877
13.6% 2
Delta banka a.d. Beograd
695
10.8% 3
Komercijalna banka a.d. Beograd
662
10.2% 4
Vojvodanska banka a.d. Novi Sad
464
7.2% 5
HVB Bank Serbia and Montenegro + Eksimbanka
362
5.6% 6
Hypo Alpe-Adria-Bank a.d. Beograd
361
5.6% 7
Societe Generale Yugoslav Bank a.d. Beograd
292
4.5% 8
Jubanka a.d. Beograd
234
3.6% 9
AIK banka a.d. Niš
208
3.2% 10
ProCredit banka a.d. Beograd
176
2.7%
Total
4,169
64.5%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

39. Top 5 in Bosnia and Herzegovina
Top banks
1.045
672
546
195
379
4.1%
7.9%
11.4%
14.0%
21.7%
Raiffeisen Bank
BiH dd Sarajevo
UniCredit
Zagrebacka
banka BiH
Hypo Alpe Adria
banka Mostar
HVB Central
Profit Banka
(BA-CA)
UPI banka
International banks
951
551
137
306
9.6%
17.1%
17.3%
29.8%
4.3%
100
200
300
400
500
600
700
800
900
1.000
Raiffeisen
Hypo Alpe Adria
BA-CA (HVB Group)
Volksbank
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
30,0%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

40. Top 10 banks in Bosnia and Herzegovina
Ranking
Bank
Total assets 1)
Market share 1
Raiffeisen Bank BiH dd Sarajevo
1,045
21.7% 2
UniCredit Zagrebacka banka BiH dd
672
14.0% 3
Hypo Alpe Adria banka Mostar
546
11.4% 4
HVB Central Profit Banka d.d.
379
7.9% 5
UPI banka d.d.
195
4.1% 6
Razvojna
151
3.1% 7
Volksbank BiH dd
137
2.8% 8
CBS 87
1.8% 9
Procredit 71
1.5% 10
LHB banka Banja Luka 70
1.4%
Total
3,352
69.8%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

41. Top 5 in Macedonia Top banks International banks 28.3% 24.6% 14.0%
544
473
269 79
102
28.3%
24.6%
14.0%
5.3%
4.1%
Komercijalna
banka
Stopanska
Banka (National Bank of Greece)
Tutunska banka (Nova Ljubl- janska banka)
Ohridska banka
Banka BT
International banks
337
127
111 71 53
8,8%
13,9%
15,9%
42,2%
6,6%
National Bank of
Greece
Nova
Ljubljanska
EBRD
KBC
IFC
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

42. Top 10 banks in Macedonia Ranking Bank Total assets Market share 11)
Market share 1
Komercijalna banka
544
28.3% 2
Stopanska banka
473
24.6% 3
Tutunska banka
269
14.0% 4
Ohridska banka
102
5.3% 5
Stopanska banka BT 79
4.1% 6
Invest banka 47
2.5% 7
Alfa banka, Sk 47
2.4% 8
IK banka 43
2.2% 9
Makedonska banka 35
1.8% 10
ProKredit banka 34
1.8%
Summe
1,673
87.0%
BA-CA is active via a representative office.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

43. Krediidipank (Latvian Busi- ness Bank)
Top 5 in Estonia
Top banks
5,043
2,184
620
121
440
59.1%
25.6%
7.3%
5.2%
1.4%
Hansapank (Swedbank)
Eesti Ühispank (Skandinaviska Enskilda Banken)
Sampo Bank
Nordea Bank
Eesti
Krediidipank (Latvian Busi- ness Bank)
International banks
5,000 34
5.3%
7.5%
26.3%
60.2%
0.4%
1.000
2.000
3.000
4.000
5.000
6.000
Swedbank
Skandinaviska
Enskilda Banken
Sampo Group
Nordea
Latvian Business
Bank
0,0%
10,0%
20,0%
30,0%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

44. Top 7 banks in Estonia Ranking Bank Total assets Market share 11)
Market share 1
Hansapank
5,043
59.1% 2
Eesti Ühispank
2,184
25.6% 3
Sampo Bank
620
7.3% 4
Nordea Bank
440
5.2% 5
Eesti Krediidipank
121
1.4% 6
Tallinna Äripanga 41
0.5% 7
Preatoni Pank 12
0.1%
Total
8,461
99.1%
HVB Group is represented via a branch.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

45. Latvia (Skandinaviska Enskilda Banken)
Top 5 in Latvia
Top banks
2,006
1,860
1,668
640
853
7.6%
5.7%
14.8%
16.5%
17.8%
Parex Bank
Hansabanka (Swedbank)
Unibank of
Latvia (Skandinaviska Enskilda Banken)
Rietumu banka
Aizkraukles
banka
International banks
1,648
1,110
702
551
305
10.7%
13.6%
21.6%
32.0%
5.9%
200
400
600
800
1.000
1.200
Skandinaviska
Enskilda Banken
Swedbank
Nordea
NordLB
HVB Group
0,0%
5,0%
10,0%
15,0%
20,0%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
HVB Bank Latvia is ranked 11th.
Source: BA-CA Economics Department

46. Top 10 banks in Latvia Ranking Bank Total assets Market share 11)
Ranking
Bank
Total assets
Market share 1
Parex Bank
2,006
17.8% 2
Hansabanka
1,860
16.5% 3
Unibank of Latvia
1,668
14.8% 4
Rietumu banka
853
7.6% 5
Aizkraukles banka
640
5.7% 6
Nordea Bank
572
5.1% 7
NORD/LB Latvija
554
4.9% 8
Mortgage and Land Bank of Latvia
454
4.0% 9
Lateko Banka
451
4.0% 10
Latvijas Krajbanka
310
2.8%
Total
9,370
83.2%
HVB Bank Latvia is ranked 11th.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

47. Top 5 in Lithuania Top banks International banks #7 32.7% 22.6% 12.4%
2,757
1,904
1,047
439
559
32.7%
22.6%
12.4%
6.6%
5.2%
Vilniaus Bankas (Skandinaviska Enskilda Banken)
AB Bankas
Hansabankas (Swedbank)
NordLB
Bankas Snoras
Sampo bankas
International banks
2,782
1,137
975
523
7.0%
13.1%
15.3%
37.3%
5.9%
500
1.000
1.500
2.000
2.500
3.000
Skandinaviska
Enskilda
Banken
Swedbank
Nordea
Sampo Group
5,0%
10,0%
15,0%
20,0%
25,0%
30,0%
35,0%
435
HVB Bank Lithuania (HVB Group) #7
HVB Group
5.8%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

48. Top 7 banks in Lithuania Total assets Ranking Bank Market share 11)
Ranking
Bank
Market share 1
Vilniaus Bankas
2,757
32.7% 2
AB Bankas Hansabankas
1,904
22.6% 3
NordLB
1,047
12.4% 4
Bankas Snoras
559
6.6% 5
Sampo bankas
439
5.2% 6
Ukiobanka
437
5.2% 7
HVB Bank Lithuania
435
5.2%
Summe
6.708
79,5%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

49. International Moscow Bank
Top 5 in Russia
Top banks
51,528
10,590
9,021
4,236
4,867
2.4%
2.8%
5.1%
6.0%
29.1%
Sberbank
Vneshtorg- bank
Gazprom
Alfa-Bank
MDM-Bank
International banks
2,167
1,986
821
722
1,410
5.7%
9.7%
13.7%
14.9%
5.0%
500
1.000
1.500
2.000
2.500
Raiffeisen
Citibank
HVB Group
Commerz- bank
ABN AMRO
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
2,661
1.5%
International Moscow Bank
(HVB Group) #8
Pro-rata, in mn euros
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
Source: BA-CA Economics Department

50. Top 10 banks in Russia Ranking Bank Total assets Market share 11)
Ranking
Bank
Total assets
Market share 1
Sberbank
51,528
29.1% 2
Vneshtorgbank
10,590
6.0% 3
Gazprom
9,021
5.1% 4
Alfa-Bank
4,867
2.8% 5
MDM-Bank
4,236
2.4% 6
Bank of Moscow
3,931
2.2% 7
Rosbank
3,574
2.0% 8
International Moscow Bank
2,661
1.5% 9
Promyshlenno-Stroitelny Bank
2,288
1.3% 10
UralSib Bank
2,201
1.2%
Total
94,897
53.7%
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

51. Top 5 in Ukraine Top banks International banks
2,038
1,643
1,469
787
979
11.0%
8.8%
7.9%
5.3%
4.2%
Privatbank
AVAL Bank
Prominvestbank
Ukrsotsbank
Ukrsibbank
International banks
611
221
145 82
134
9.6%
10.4%
15.9%
43.9%
5.9%
100
200
300
400
500
600
700
Raiffeisen
ING, N.V.
Amsterdam
Citibank
HVB Group
Others
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
30,0%
35,0%
40,0%
Pro-rata, in mn euros
12,0%
14,0%
Share in % of foreign banks
Total assets in mn euros
Market share in % of total market
HVB Ukraine is ranked 13th.
Source: BA-CA Economics Department

52. Top 10 banks in Ukraine Ranking Bank Total assets Market share 11)
Ranking
Bank
Total assets
Market share 1
Privatbank
2,038
11.0% 2
AVAL Bank
1,643
8.8% 3
Prominvestbank
1,469
7.9% 4
Ukrsotsbank
979
5.3% 5
Ukrsibbank
787
4.2% 6
Ukreximbank
734
3.9% 7
Oshadbank
703
3.8% 8
Raiffeisenbank
611
3.3% 9
Nadrabank
539
2.9% 10
Brokbusinessbank
384
2.1%
Total
9,886
53.1%
HVB Ukraine is ranked 13th.
1) total assets according to local financial statements, in mn euros
Source: BA-CA Economics Department

53. This comparison is based on a variety of different data which are not always complete and which do not always correspond to international accounting standards. Moreover, results will be/were published in individual countries only after this report was prepared. For this reason the data include estimates in some cases. Especially the size of competitor banks' units which are organised as "foreign branches" could partly not be ascertained or only estimated.
The comparison nonetheless gives a picture of the relative sizes and trends in the banking market in CEE.