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UCG CAPITAL POSITION: 5.5% CORE TIER I, INCLUDING -22 BP
FROM ACQUISITION IN UKRAINE
1Q07 1Q08 ∆
EVA (mln) 1,026 13 -98.8%
Marginal RARORAC (%) 11.9% 0.1% -11.8 pp
Dec07 Mar08 ∆
Core Capital (mln) 32,570 31,775 -795
Total Capital (mln) 56,173 55,819 -354
Total RWA (bn) 558.6 576.6 18
Core TIER1 Ratio (%) 5.8% 5.5% -32 bp
TIER1 Ratio (%) 6.5% 6.2% -36 bp
Total Capital Ratio (%) 10.1% 9.9% -21 bp
• Total Group EVA reflecting the
negative contribution of MIB
• Commercial banking maintains
high EVA also in 1Q08 (~0.9 bln),
+20% y/y
• RWA rise, also due to one-offs:
consolidation of Ukrsotsbank
closing of hedges not optimal
under Basel II
• RWA net of one-offs up 3.6% q/q,
driven by business growth (mainly
in CEE) and higher volatility in MIB
• Core Tier I 5.5% under Basel I,
impacted by Ukrsotsbank
acquisition (-22 bp)
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