Bilansi uspjeha - Raiffeisen Bank

More documents

Recommendations

Info

Makroekonomski agregati Makroekonomski agregati 12 www.raiffeisenbank.ba Makroekonomski pregled Provedba ekonomskih reformi i ubrzani tranzicijski procesi u svim dijelovima ekonomskog sistema i u ovoj godini su generirali nastavak kontinuiranog trenda rasta poslovnih aktivnosti u Bosni i Hercegovini. Prema projiciranim podacima realna stopa rasta bruto domaćeg proizvoda u 2005. godini, zabilježila je vrijednost od 5.8%, dok prognoze za 2006. godinu ukazuju da bi realni rast BDP-a trebao ostati na postojećim razinama. Istovremeno i drugi fundamentalni ekonomski indikatori pokazuju pozitivne vrijednosti, što se posebno ogleda u rastu industrijske proizvodnje, koja u decembru u odnosu na isti mjesec prethodne godine u Federaciji BiH ostvaruje rast od 5.1%, a u Republici Srpskoj 12.9%. Za razliku od prethodnih godina kada je inflacija iskazivala postojano niske vrijednosti, pod utjecajem globalnih činitelja, posebno rasta cijene energenata na svjetskom tržištu, u ovoj godini vidljiv je razvoj pritiska na rast potrošačkih cijena, te je prosječna stopa inflacije zabilježila vrijednost od 3.6 posto. Uvođenje Poreza na dodanu vrijednost (PDV) u 2006. godini trebalo bi dovesti do nastavka ograničenog inflatornog pritiska koji će prema postojećim procjenama producirati vrijednost prosječne inflacije na razini iznad 4 postotna poena. S druge strane, blago poboljšanje životnog standarda vidljivo je kroz prizmu kretanja neto ličnog dohotka koji je u 2005. godini rastao po nominalnoj stopi od 7.3%, dok je njegova realna stopa rasta iznosila 2.9%. Unatoč problemima vezanim za neusklađenost s međunarodnim statističkim standardima treba istaći da stopa registrirane nezaposlenosti na kraju godine iznosi 44%, dok anketna nezaposlenost bilježi znatno manju razinu. Navedeno potkrepljuje tezu da u BiH postoji značajan dio neregistrirane poslovne djelatnosti što onemogućuje egzaktno mjerenje stvarne razine nezaposlenosti. Deficit tekućeg računa bilansa plaćanja u relativnom iznosu od 23.9 posto udjela u BDP-u, rezultat je vanjskotrgovinskog deficita u iznosu od 3.7 mlrd EUR. Pokrivenost uvoza izvezenim robama zabilježila je vrijednost od 34.4%. Ovakvi rezultati ukazuju na potrebu poticanja stranih direktnih ulaganja u cilju jačanja konkurentske sposobnosti privrede i njene izvozne orjentiranosti. Ukupna strana ulaganja u 2005. godini dosegla su vrijednost od 338 mio EUR. U isto vrijeme, neto devizne rezerve bilježe vrijednost od 2.14 mlrd EUR, dok vanjski dug iznosi 2.15 mlrd EUR. Ekonomski indikatori 2001 2002 2003 2004 2005 Nominalni BDP (mlrd EUR) 5.6 6.0 6.3 6.6 7.1 Realna promjena BDP (% yoy) 4.5 5.5 3.0 5.0 5.8 Industrijska proizvodnja (% yoy) -2.0 11.5 3.8 12.0 7.0 Stopa nezaposlenosti (%) 40.0 40.5 41.5 42.0 44.0 Proizvođačke cijene (avg, % yoy) 2.4 0.6 0.8 1.5 2.0 Potrošačke cijene (avg, % yoy) 3.1 0.4 0.6 0.4 3.6 Vladine finansije (% BDP) -3.3 -0.2 0.8 1.8 0.5 Tekući račun bilance plaćanja (% BDP) -16.1 -22.1 -24.5 -23.5 -23.9 Devizne rezerve (mlrd EUR ) 1.4 1.3 1.4 1.7 2.1 EUR/BAM (avg) 1.96 1.96 1.96 1.96 1.96 EUR/USD(avg) 0.90 0.95 1.13 1.24 1.24 Izvor: Thomson Financial Datastream, CB BiH, <strong>Raiffeisen</strong> RESEARCH Austria
Macroeconomic Aggregates Macroeconomic overview Macroeconomic Aggregates Implementation of economic reforms and accelerated transition processes in all parts of the economic system in this year also generated continuation of growing trend of business activities in Bosnia and Herzegovina. According to the projected data, actual growth rate of gross domestic product in year 2005 was 5.8%, while forecasts for year 2006 indicate that actual growth of GDP should remain on the existing levels. Simultaneously, other fundamental economic indicators also show positive values, which especially reflects in growth of industrial production, which in December, in comparison to the same month of the previous year, in Federation B&H increased by 5.1%, and in Republika Srpska by 12.9%. Apart from the previous years when inflation was persistantly very low, under influence of global factors, especially growth of power sources in the world market, in this year pressure development on increase of prices of consumer goods is evident, and average inflation rate was 3.6 percent. Introduction of value added tax (VAT) in year 2006 should lead to continuation of inflation pressure which, according to the existing assessments, will produce value of average inflation at the level above 4 percentage points. On the other hand, slight improvement of life standard is visible through the prism of trend of net personal income which in 2005 increased per nominal rate of 7.3% while its actual growth rate was 2.9%. Besides problems related to the mismatch with international statistic standards, it should be pointed out that registered unemployment rate at the end of the year was 44%, while according to survey unemployment was significantly lower. The aforementioned supports the thesis that there is a significant part of unregistered business activity in B&H which disables exact measurement of actual level of unemployment. Deficits of current account balance in relative amount of 23.9 of share in GDP is result of foreign trade deficit in amount of EUR 3.7 billion. Coverage of import by exported goods was 34.4%. Such results indicate to the need for providing incentives to foreign direct investments with purpose of strengthening competitive ability of economy and its export orientation. Total foreign investments in year 2005 reached the value of EUR 338 mio. At the same time, net FX reserves had value of EUR 2.14 billion, while external debt amounted to EUR 2.15 billion. Economic indicators 2001 2002 2003 2004 2005 Nominal GDP (billion EUR) 5.6 6.0 6.3 6.6 7.1 Real change of GDP (% yoy) 4.5 5.5 3.0 5.0 5.8 Industrial production (% yoy) -2.0 11.5 3.8 12.0 7.0 Unemployment rate (%) 40.0 40.5 41.5 42.0 44.0 Production prices (aug, % yoy) 2.4 0.6 0.8 1.5 2.0 Consumer prices (aug, % yoy) 3.1 0.4 0.6 0.4 3.6 Government finances (% BDP) -3.3 -0.2 0.8 1.8 0.5 Current account balance (% GDP) -16.1 -22.1 -24.5 -23.5 -23.9 FX reserves (billion EUR ) 1.4 1.3 1.4 1.7 2.1 EUR/BAM (aug) 1.96 1.96 1.96 1.96 1.96 EUR/USD(aug) 0.90 0.95 1.13 1.24 1.24 Source: Thomson Financial Datastream, CB BiH, <strong>Raiffeisen</strong> RESEARCH Austria www.raiffeisenbank.ba 13
Page 2: Pregled ključnih podataka Survey o
Page 5 and 6: Sadržaj Contents Izvještaj predsj
Page 7 and 8: www.raiffeisenbank.ba 5
Page 9 and 10: Report by the President of the Supe
Page 11 and 12: Introduction by Chief Executive Off
Page 13: www.raiffeisenbank.ba 11
Page 17 and 18: Macroeconomic Aggregates Financial
Page 19 and 20: The RZB Group and Raiffeisen Intern
Page 21 and 22: Raiffeisen BANK d.d. Bosnia and Her
Page 23 and 24: Vision Raiffeisen BANK d.d. Bosnia
Page 31 and 32: Nadzorni odbor Supervisory Board Up
Page 33 and 34: Corporate Banking Division Corporat
Page 35 and 36: Retail Division Retail Savings Comp
Page 37 and 38: Cards Business Growth in issuing ca
Page 39 and 40: SME segment SME market BiH market i
Page 41 and 42: Treasury and Financial Market Divis
Page 43 and 44: Finance and Accounting Division Ope
Page 45 and 46: Central Processing Division In an e
Page 47 and 48: Domestic payments During 2005, numb
Page 49 and 50: Balance Sheet As of 31. December 20
Page 51 and 52: Statements of Income For the years
Page 53 and 54: Petogodišnja usporedba finansijski
Page 55 and 56: Ukupna aktiva Total assets EUR 000
Page 57 and 58: Operativni rezultati Poslovanje Ban
Page 59 and 60: Usporedba troškova poslovanja i uk
Page 61 and 62: Izvori finansiranja Funds sources U
Page 63 and 64: Krediti preduzećima Loans to compa
Page 65 and 66:
Depoziti komitenata Customer deposi
Page 67 and 68:
Depoziti stanovništva Deposits fro
Page 69 and 70:
www.raiffeisenbank.ba 67
Page 71 and 72:
Page 73 and 74:
Adresar Addresses and contacts Raif
Page 75 and 76:
Slovakia Tatra banka, a.s. Hodžovo
Page 77 and 78:
alph.zeitlberger@rba-belgrade.raiff
Page 79 and 80:
Phone: (+43-1) 71 707-1588 Fax: (+4
Page 81 and 82:
Poland Raiffeisen Investment Polska
Page 83 and 84:
Page 85 and 86:
Responsibility for Financial Report
Page 87 and 88:
INDEPENDENT AUDITORS’ REPORT To t
Page 89 and 90:
Income Statements For the years end
Page 91 and 92:
Balance Sheets as at 31 December 20
Page 93 and 94:
Statements of cash flows For the ye
Page 95 and 96:
Statements of changes in shareholde
Page 97 and 98:
Notes to the financial statements 3
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
show all

Bilansi uspjeha - Raiffeisen Bank

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?