Prospectus - Notowania

Operating profit by business segment
Group operating profit broke down by division as follows.
Operating profit (€ million)
CONSOLIDATED INTERIM REPORT
AS AT SEPTEMBER 30, 2009
NET
INTEREST
NET NON-
INTEREST OPERATING OPERATING
INCOME INCOME INCOME COSTS
FIRST 9
MONTHS '09
FIRST 9
MONTHS '08
CHANGE %
Retail 4,870 2,695 7,565 - 5,302 2,263 3,101 -27.0%
Corporate & Investment Banking (CIB) 5,925 1,865 7,790 - 2,477 5,313 2,774 91.5%
Private Banking 218 369 587 - 400 187 291 -35.7%
Asset Management 10 514 524 - 351 - 173 482 -64.1%
Central Eastern Europe (CEE) 2,238 1,266 3,504 - 1,439 2,065 1,796 15.0%
Poland's Markets 657 550 1,207 - 634 573 925 -38.1%
Total other divisions - 410 362 - 48 - 918 - 966 - 1,106 -12.7%
Total 13,508 7,621 21,129 - 11,521 9,608 8,263 16.3%
Net Interest Income
OPERATING PROFIT
Net interest income for M9 2009 fell by €621 million at €13.5 billion as against €14.1 billion in M9 2008), but was virtually
unchanged with a 0.5% rise on a like-for-like basis. Net interest exceeded €13.2 billion, a fall of 1.9%, but a 3% rise on a like-for-
like basis, when compared with the M9 2008 outturn. This was supported by the CIB area’s 14% increase, benefiting from the
interest-rate reduction begun in H2 2008 and continued into M9 2009, while commercial banking business was affected by
narrowing spreads, especially those on deposits. By contrast, Dividends and other income fell by nearly €358 million (down by
61.8%) due to a lower appetite for income on financial investments due to the deterioration of the external situation.
Net interest income (€ million)
FIRST NINE MONTHS CHANGE
2009 2008 AMOUNT %
Interest income and similar revenues 27,298 38,849 - 11,551 -29.7%
Interest expense and similar costs - 14,011 - 25,299 11,288 -44.6%
Net interest 13,287 13,550 - 263 -1.9%
Dividends and oher income from equity
investments 221 579 - 358 -61.8%
Net interest income 13,508 14,129 - 621 -4.4%
6.00
5.00
4.00
3.00
2.00
1.00
-
Net interest income (€ billion)
Quarterly figures
4.54
4.68
4.91
5.26
4.70
4.81
3.99
Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009
Loans and receivables with customers were €565 billion at September 30, 2009 - a reduction of 8% from December 31, 2008
and 9% from September 30, 2008.
Deposits from customers and Securities in issue were €590 billion at September 30, 2009 as against €591.3 billion at December
31, 2008.
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