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RETAIL DIVISION: NET WRITE-DOWNS ON LOANS AND COST OF<br />
RISK BY COUNTRY<br />
NET WRITE-DOWNS OF LOANS (mln and y/y % ch.)<br />
COST OF RISK (bp)<br />
242<br />
50<br />
67<br />
284<br />
56<br />
50<br />
17.4%<br />
12.0%<br />
-25.4%<br />
Retail Division<br />
o/w Austria<br />
85<br />
97<br />
129<br />
142<br />
125<br />
178<br />
42.4%<br />
o/w Germany<br />
60<br />
87<br />
1Q07<br />
1Q08<br />
Austria Germany Italy<br />
o/w Italy<br />
83<br />
91<br />
FY07<br />
1Q08 annualized<br />
• AUSTRIA: cautious provisioning and RWAs decrease leading to increased cost of risk. Asset<br />
quality remains stable<br />
• GERMANY: strong reduction in net write-downs of loans (-25.4% y/y), thanks to adequate portfolio<br />
management. Cost of risk comparison affected by decrease in RWAs to improve profitability<br />
• ITALY: some deterioration in m/l term loans leading to a mild increase of cost of risk. Comparison<br />
affected by a very low 1Q07 for former Capitalia<br />
42
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