Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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Accelerated branch opening over the last 3 years resulting<br />
in a young branch network not at its full potential yet<br />
Deniz branch network evolution over 04-10<br />
<strong>18</strong>0+<br />
500+<br />
Deniz among the most active players in terms<br />
of branch opening<br />
• +150% in 6 years vs. ~50% for the market<br />
199<br />
121<br />
~40 per<br />
year<br />
320<br />
~60+ per<br />
year<br />
Increased branch opening pace thanks to welldefined<br />
formats and processes<br />
Branch network focused on high potential<br />
areas (e.g. Metropolitans, Agri. regions)<br />
2004<br />
05-07<br />
2007<br />
08-10E<br />
2010E<br />
Loans and deposits volume by age of branch (TRY m)<br />
Before<br />
breakeven<br />
zone<br />
Profitability zone<br />
Deniz avg. age<br />
(end 2009)<br />
Year 1 to 6<br />
CAGR<br />
Loans Deposits<br />
48% 54%<br />
Loans<br />
Deposits<br />
Branch performance and profitability strongly<br />
dependent on age<br />
• ~50% CAGR in loans and deposits over the first 5<br />
years<br />
Young network (5 years vs. 22 for the sector)<br />
• 50% of branches in their first year and 100% older<br />
than 3 years are profitable<br />
Room for higher profitability in the <strong>com</strong>ing<br />
years<br />
Branch age (years)<br />
140
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