GB00_erste lage_E - Erste Group

2000 CONSOLIDATED FIANCIAL STATEMENTS ACCORDING TO IAS
Credit risks
The concentration of assets according to their gross amounts as of 31 December 2000
Total loans and advances
to credit institutions Garantees/
and customers Letters of Total Total
in EUR million (incl. fixed income securities) credit 2000 1999
Banking and insurance 25,185 750 25,935 16,295
Private customers 8,851 31 8,882 7,801
Public administration 8,272 78 8,350 7,010
Manufacturing 4,078 717 4,795 3,765
Real estate 5,603 207 5,810 4,826
Retail 3,468 237 3,705 3,012
Construction 1,247 392 1,639 1,455
Hotels and restaurants 1,328 116 1,444 1,365
Transport and telecommunications 1,729 274 2,003 1,481
Energy and water supply 1,154 104 1,258 772
Other 2,854 272 3,126 2,289
Total 63,769 3,178 66,947 50,071
The total is comprised of loans and advances to credit institutions and customers, fixed-income
securities held in the trading portfolio, as investments available for sale and as financial investments
as well as off-balance-sheet credit risks.
The changes in risk provisions are explained in Notes 15 and 30.
Interest rate risk
Interest rate risk is the change in the fair value of fixed-income financial instruments caused by
changes in market interest rates. This risk occurs when the maturity ranges of the fixed-income
assets and liabilities (including transactions not recognised in the balance sheet) are not matched.
In order to account for the interest rate risk, fixed-income financial instruments (including derivative
products) are entered as a hedge in the corresponding maturity ranges in accordance with
their remaining maturity or term until expiration of the interest rate lock-up period.
The following table shows the open fixed-income positions of Erste Bank Group which are not
attributed to the trading book. Positions with a positive value show the fixed-income risk on the
asset side, i.e. there is a surplus in the asset positions; negative values represent the surplus
on the liability side.
112 Erste Bank 2000