Prospectus - Notowania

derecognised
Total (Carrying value) 565,457 612,480 575,063 441,320 -7.7% 6.5% 30.31%
* Does not include impaired loans for “Assets sold but not derecognised” of €920 million as at September 30, 2009, €347 million as at
December 31, 2008, €170 million as at December 31, 2007 and €39 million as at December 31, 2006.
(millions of €)
Loans to customers by
% Change
business segment
Loans to customers:
09.30.2009 12.31.2008 12.31.2007 12.31.2006 2009/2008 2008/2007 2007/2006
Retail 169,295 180,440 186,569 138,838 -6.2% -3.3% 34.4%
Former Corporate 247,554 236,972 182,337 n.a. 4.5% 30.0%
Former Markets &
Investment Banking 74,691 59,777 36,082 n.a. 24.9% 65.7%
Corporate & Investment
Banking* 302,997 322,245 296,749 218,419 -5.97% 8.59% 35.86%
Private Banking 6,709 8,427 9,264 6,989 -20.4% -9.0% 32.6%
Asset Management - - - - n.a. n.a. n.a.
Poland’s Markets 18,844 19,870 19,386 18,154 -5.2% 2.5% 6.8%
Central Eastern Europe
(CEE) 58,201 64,208 50,638 38,784 -9.4% 26.8% 30.6%
Parent Company and
intercompany netting 9,411 17,291 12,457 20,136 -45.6% 38.8% -38.1%
Loans to customers 565,457 612,480 575,063 441,320 -7.7% 6.5% 30.3%
* Financial information related to CIB for the periods ending as at December 31 in 2008, 2007 and 2006 are the sum of the data for Former
Corporate and Former Markets & Investment Banking segments.
At the end of September 2009, loans to customers amounted to €565 billion, a decline
of 7.7% from December 31, 2008. This decline was primarily due to the decrease in
mortgages (9.1% in relative terms, more than €14.7 billion in absolute terms) and the
decline in other transactions (€-28.4 million), mainly in the Retail and CIB segments.
As at December 31, 2008, loans to customers totalled €612 billion, an increase of
€37.4 billion, or 6.5%, over December 31, 2007. The growth in loans to customers is
the result of the combination of the decline in volumes in the Retail and Private
Banking segments (totalling €7 billion) offset by growth in Central and Eastern
Europe (€+13.6 billion), Corporate (€+10.6 billion) and Markets & Investment
Banking (€+14.9 billion). Furthermore, the increase in the total above, primarily in
reference to Markets & Investment Banking, is partly due to the reclassification of
loan trading securities (€13.9 billion) following the amendment to IAS 39. The total
increase in loans to customers, net of the effect of IAS 39 would have been 4.1%. The
increase of €134 billion in 2007 was due to the inclusion of the Capitalia Group in the
scope of consolidation for €98 billion and to the change in the accounting of public
property leasing transactions and assets awaiting leasing for €2 billion. Net of said
factors, stock at the end of 2007 amounted to €475 billion, an increase of 7.8% over
2006, with notable growth in the Corporate (+9%) and CEE segments (+31%, due to
the inclusion of ATF and strong growth in Turkey, Russia and Hungary). On a
comparative basis, there was considerable growth in leasing (+25%) and consumer
credit (+25.7%), while mortgages are mostly in line with the prior year.
(millions of €) % Change
Loans to customers: net
amounts 09.30.2009 12.31.2008 12.31.2007 12.31.2006 2009/2008 2008/2007 2007/2006
a) Non-performing loans 12,239 10,464 9,017 6,811 17% 16.0% 32.4%
b) Doubtful loans 9,026 6,177 4,034 3,588 46.1% 53.1% 12.4%
c) Restructured loans 3,073 1,263 1,205 3,006 143.3% 4.8% -59.9%
d) Past-due loans 2,896 1,924 1,669 870 50.5% 15.3% 91.8%
e) Country Risk 31 57 185 14 -45.6% -69.2% n.s.
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