GENERAL MEETING DRAFT - Bankier.pl

Total Financial Assets (billion €)
PRIVATE BANKING
2009 CONSOLIDATED REPORT AND ACCOUNTS
AMOUNTS AS AT CHANGE ON DEC '08
12.31.2009 09.30.2009 12.31.2008 AMOUNT %
Total Assets 138.8 134.2 125.4 13.4 10.7%
Ordinary Assets 108.7 105.0 100.9 7.8 7.8%
AuM 35.3 34.6 33.3 2.0 5.9%
AuC 48.8 47.1 44.3 4.6 10.3%
Deposits (inc. Repos) 24.5 23.0 23.0 1.5 6.7%
Other assets 0.1 0.3 0.3 -0.2 -75.9%
Net of extraordinary items1, the annual increase was 7.8%, benefiting also from the transfer of customers
from the retail business area in Austria, contributing €1.8 billion.
The net inflows2 of new financial assets increased by around €1.7 billion in 2009, mainly driven by assets
under custody (AuC). Asset growth was also boosted by positive performance, adding approximately €4
billion on a yearly basis.
The breakdown of financial assets2 at December 31, 2009 shows a slight decrease in assets under
management contribution, down from 32.9% at September 30, 2009 to 32.5%, while assets under
custody (AuC) were mostly unchanged at just below 45%. Deposits, including repurchase agreements,
increased to 22.5%.
Percentage breakdown of financial assets 2 at December 31, 2009
0.1%
22.5%
44.9%
2 See footnote on previous page
32.5%
Assets
under
management
Assets in
custody
Depos its and
Repos
Assets
under admin
and other
assets
The Private Banking Business Unit reported €236 million in operating profit at December 31, 2009,
down 35% from the previous year when the market environment was completely different, especially in
terms of nominal interest rates. The business unit pursued a rigorous cost containment policy, helping to
offset a significant part of the decline in fees and interest income.
1
Extraordinary transactions mean those which due to their timing, large size and little or no profitability, are not attributable to
ordinary company operations.
2
Excluding extraordinary transactions.
78