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ERSTE GROUP 4th VIENNA ECONOMIC FORUM 5. -6. November 2007 Financing Solutions for Infrastructure Financing Johannes Kinsky, Member of the board, Erste Group Presentation topics ERSTE GROUP − Introduction − Market/Potential 4th VEF - Vienna 5. November 2007 2 Group Corporates & Investment Banking EB Group Financing Solutions Introduction – Is Erste Group a pure retail bank? ERSTE GROUP − From a first perspective most would agree, however − Currently the large corporate and international business accounts for about 19% of the group’s risk weighted assets − Nevertheless large corporate and international business is already highly efficient and profitable − Group Corporates & Investment Banking (GCIB) already makes a significant contribution to the group’s success − Result of successful expansion efforts shows that we can do it (e.g. real estate, ECM & DCM in Austria, M&A in Czech Republic, structured finance) 4th VEF - Vienna 5. November 2007 3 Group Corporates & Investment Banking EB Group Financing Solutions Presentation topics ERSTE GROUP − Introduction − Market/Potential 4th VEF - Vienna 5. November 2007 4 Group Corporates & Investment Banking EB Group Financing Solutions Market/Potential Focus on Infrastructure Finance ERSTE GROUP − European Action of Growth identified 30 priority ten t projects amounting to an estimated EUR 225 billion of total investment cost − European Council agreed for the period 2007 – 2013 on Cohesion for growth and employment EURO 347 Billion 60 45,487 46,889 48,427 49,393 50,626 2007 2008 2009 2010 2011 52,4 54,188 50 Cohesion Policy Annual EU funding (2007 – 2013) in Billion EURO 40 30 20 10 0 2012 2013 Source: EU 4th VEF - Vienna 5. November 2007 5 Group Corporates & Investment Banking EB Group Financing Solutions Market/Potential Focus on Infrastructure Finance ERSTE GROUP European Council agreed funds with an volume of EURO 347 Billion for the period 2007 – 2013 on Cohesion for growth and employment Czech Rep. Hungary Slovenija Slovakia Romania Bulgaria Greece 4,4 4 3,6 3,2 2,8 2,4 2 1,6 1,2 0,8 0,4 0 2007 2008 2009 2010 Annual EU Cohesion policy funding in selected markets (2007 – 2013) in Billion EURO 4th VEF - Vienna 5. November 2007 6 2011 2012 2013 Source: EU Group Corporates & Investment Banking EB Group Financing Solutions Market/Potential Focus on Infrastructure Finance ERSTE GROUP Railway km per 100.000 inhabitants in relation to GDP per capita Km railway per 100.000 inhabitants 120 100 CZ 80 HU AT SK 60 UA 40 RO CR RS 20 0 0 10.000 20.000 30.000 40.000 50.000 GDP in US$ per capita The size of the bubbles are determined by each country‘s GDP Source: ERSTE Research and National railway companies 4th VEF - Vienna 5. November 2007 7 Group Corporates & Investment Banking EB Group Financing Solutions Market/Potential Focus on Infrastructure Finance ERSTE GROUP Km of paved roads per 100.000 inhabitants Km roads per 100.000 inhabitants in relation to GDP per capita 3.000 AT 2.000 1.000 SK HU RO UA RS 0 0 CZ CR 10.000 20.000 30.000 40.000 50.000 GDP in US$ per capita Source: ERSTE Research and Transportation ministries 4th VEF - Vienna 5. November 2007 8 Group Corporates & Investment Banking EB Group Financing Solutions Market/Potential Focus on Infrastructure Finance ERSTE GROUP hospital beds per 100.000 inhabitants Public hospital beds in relation to GDP per capita 1.200 1.000 UA 800 HU RO 600 CZ AT SK CR 400 200 RS* 0 0 10.000 20.000 30.000 40.000 50.000 GDP in US$ per capita *There is no data available on health expenditure in Serbia. 4th VEF - Vienna 5. November 2007 Source: EU Research and World health organization 9 Group Corporates & Investment Banking EB Group Financing Solutions Market/Potential Focus on Infrastructure Finance ERSTE GROUP − Funding requirements needs additional funding sources − JASPER − JEREMIE − European Investment Bank (EIB) − European Bank for Reconstruction and Development (EBRD) − European Investment Fund (EIF) − IFC − Innovative financing mechanisms − Grant Programmes − Special-purpose funds − Commercial funding agencies − Public – Private - Partnership − Penion funds and other large institutions − Diversify and expand traditional revenue-raising sources 4th VEF - Vienna 5. November 2007 10 Group Corporates & Investment Banking EB Group Financing Solutions Market/Potential Focus on Infrastructure Finance ERSTE GROUP − Liaison with multinational financing agencies (EIB, EBRD, IFC) and EU-entities i.E. − European Comission − DG Engergy and Transport (DG TREN) − DG Market (Tenders) − DG Regio − European Agency for Reconstruction to increase infrastructure finance activities − Support for applications of EU funds (European Regional Development Fund, Cohesion Fund…….) − Assistance in preparation of bankable project − PPP advisory 4th VEF - Vienna 5. November 2007 11 Group Corporates & Investment Banking EB Group Financing Solutions ERSTE GROUP Thank you very much for your attention 4th VEF - Vienna 5. November 2007 12 Group Corporates & Investment Banking EB Group Financing Solutions