Focus on Germany - Investor Relations - HypoVereinsbank
Focus on Germany - Investor Relations - HypoVereinsbank
Focus on Germany - Investor Relations - HypoVereinsbank
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N<strong>on</strong>-strategic assets: further decreasing<br />
RER recent development<br />
Credit Exposure, €bn<br />
15.4<br />
9.5<br />
<strong>HypoVereinsbank</strong> - <strong>Investor</strong> Relati<strong>on</strong>s<br />
10<br />
4.0 3.3<br />
FY/04 FY/05 FY/06 H1/07<br />
� Since creati<strong>on</strong> in FY/04: 79% reducti<strong>on</strong><br />
� Reducti<strong>on</strong> in H1/07 achieved through<br />
successful day- by-day workout<br />
1) Q3/06 based <strong>on</strong> Aug06 data.<br />
2) C<strong>on</strong>sumer Finance.<br />
-79%<br />
3) Mainly mortgages to retail customers.<br />
SCP recent development and breakdown<br />
Credit Exposure, €bn and %<br />
20.7<br />
1)<br />
-18%<br />
19.7<br />
16.9<br />
Q3/06 FY/06 H1/07<br />
� SCP created in Q3/06, to facilitate reducti<strong>on</strong> of<br />
n<strong>on</strong>-strategic assets and allow the divisi<strong>on</strong>s to<br />
focus <strong>on</strong> strategic business<br />
� Reducti<strong>on</strong> of 18.4% (€3.8 bn) already achieved<br />
since creati<strong>on</strong>
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