Slide1: Opportunities of a New EU-Neighbourhood Moldova and Ukraine Conference on 29/30 November 2004 Franz Englhofer IDM Nov 30th 2004


Slide2: 1989: (360 / 50 / 20)


Slide3: Source: Economist Intelligence Unit GDP growth


Slide4: Vienna Vorarlberg or Ukraine…


Raiffeisen International: Raiffeisen International 15 years ago and today… +14 % +31% +18% +107% +34% +34% +40% +38% 20.000 17.600 11.300 5.440 1.560 2.160 4.060 3.020 13.400 0 2.000 4.000 6.000 8.000 10.000 12.000 14.000 16.000 18.000 20.000 1996 1997 1998 1999 2000 2001 2002 2003 H1/2004


Slide6: Ukraine


UAH interest rates (KIEBOR): UAH interest rates (KIEBOR)


Slide8: Economic data Source: Economist Corporate Network, Vienna


Slide9: CEE to grow 2-4 points faster than Eurozone, % yoy real


Slide10: Black Sea Kyiv Dnipropetrovsk Donetsk Zaporizhya Mykolayiv Russia Belarus Moldova Romania Hungary Poland Slovakia Odesa Sea of Azov Lviv Kharkiv Branches Uzhgorod Direct Sales Agencies


Market concentration: Market concentration Market share of five largest banks (2003) Source: National Banks Data as at 31 December 2003, reflecting ownerhip structure as at 30 June 2004


Slide12: Bank Ranking balance sheet (Aug 2004, source AUB) Privatbank, Dneprpetrovsk Bank Aval, Kiev Savings Bank, Kiev Ukrsotsbank, Kiev Ukrsibbank, Kharkov Ukreximbank, Kiev Raiffeisenbank Ukraine, Kiev Bank Nadra, Kiev Brokbusinessbank, Kiev First Ukrainian International Bank, Kiev 14. ING Ukraine, Kiev Citibank Ukraine, Kiev 20. Kredytbank Ukraine, Lviv (owned by PKO BP) 38. HVB Ukraine, Kiev Calyon Ukraine, Kiev 122. Pekao Ukraine, Lutsk (owned by PKO S.A.)


Slide13: Moldova GDP growth vs. Current account balance (% yoy; % of GDP)


FDI : Exports vs. imports, 1998 – 2004f USDbn Foreign direct investments (mUSD), 1998 – 2003 (total) FDI


Banking system : Total assets and Total assets as % of GDP Banking system


Moldova - Key Banking Figures: Top of the banks by market share – total assets (%) 2003 Moldova - Key Banking Figures


Moldova - Key Banking Figures : Non-governmental credit development as % of GDP Moldova - Key Banking Figures


Moldova ?: Moldova ? 1987 Hungary, Raiffeisen Bank 1990 Slovakia, Tatra banka 1991 Poland, Raiffeisen Bank Polska 1993 Czech Republic, Raiffeisenbank 1994 Bulgaria, Raiffeisenbank (Bulgaria) 1994 Croatia, Raiffeisenbank Austria 1997 Russia, Raiffeisenbank Austria 1998 Ukraine, Raiffeisenbank Ukraine 1998 Romania, Raiffeisenbank (Romania) 2000 Bosnia and Hercegovina, Raiffeisen Bank BiH* 2001 Serbia and Montenegro, Raiffeisenbank 2002 Slovenia, Raiffeisen Krekova Banka* 2002 Kosovo, Raiffeisen Bank Kosovo* 2003 Belarus, Priorbank* 2004 Albania, Raiffeisen Bank* Development of Raiffeisen International’s network plus specialised subsidiaries: investment firms, leasing, building societies, pension funds, insurers, property developers ... * Acquisitions Prague