Annual Report - VÚB banka

10
With view to improve its services primarily for the
retail clients, the Bank installed 33 new ATMs last
year. At the end of 2007, VUB operated 516 ATMs,
thus representing 24% of total ATMs in the Slovak
Republic. In 2007, 1,158 new EFT POS terminals
were installed. With 5,364 EFT POS terminals
operated by VUB, the Bank holds a 20% share in
the Slovak market, whereas in terms of volume, its
market share is 24%.
Loans
Individuals – mortgage and consumer loans
Also in 2007, the Bank was extremely successful in
mortgage business and managed to strengthen its
leading position in the market. In mortgage loans,
the Bank recorded a growth by 44% to end up at
SKK 41.7 billion. The Euro denominated mortgage
loans represented the key driver and their total
amount tripled over the last year. The innovated product,
Flexi loan, is behind a strong 29% growth in
consumer loans totaling SKK 9.2 billion at the end
of the year. The Bank was able to successfully saturate
the loan market also due to cooperation with
its subsidiary Consumer Finance Holding. The loans
granted via this company totaled to SKK 6.2 billion,
thus demonstrating 24% year-to-year growth.
Corporate loans
In 2007, the corporate loans rocketted. In contrast
to 2006, the volume of loans in the SME segment,
being one of the Bank’s strategic segments, rose
by 34%. The assets from the Large Corporate segment
surged by 31% and reached a 35-billion threshold.
Project and property fi nancing, the volume
of which doubled over the year, supported the above
growth. Apart from a signifi cant growth in the
loan volumes, VUB has been striving to retain the
top quality of its portfolio. Therefore, the activities
associated with risk management were in main focus.
Domestic and international payments
In 2007, VUB executed domestic and foreign payments
in the amount exceeding SKK 25 billion and
SKK 440 billion respectively. With these volumes in
the books, the Bank defended its important position
in the payments market. The Bank recorded a
10% market share in domestic payments. In terms
of payments, VUB and effected 9% of total payments
performed in the banking sector, while the
trend in the incoming foreign payments was more
favorable.
Annual Report 2007