GENERAL MEETING DRAFT - Bankier.pl

Despite the decline in profit before tax, the business unit nevertheless continued to generate added value
for the Group on the year, with €108 million in EVA and 31.08% RARORAC.
Key Ratios and Indicators
PRIVATE BANKING
2009 CONSOLIDATED REPORT AND ACCOUNTS
2009 2008 AMOUNT %
EVA (€ million) 108 208 -100 - 48.0%
Absorbed Capital (€ million) 347 379 -31 - 8.3%
RARORAC 31.08% 54.85% n.s.
ROA, bp (*) 76bp 84bp -8bp
Cost/Income 69.8% 60.4% n.s.
Operating costs/Total Financial Assets (**) 53bp 51bp 2bp
(*) Operating income on Total Financial Assets (average) net of extraordinary assets.
(**) Total cost on total Financial Assets (average) net of extraordinary assets.
YEAR CHANGE
Staff Numbers
AS AT VARIAZIONE SU DIC '08
12.31.2009 09.30.2009 12.31.2008 AMOUNT %
PRIVATE BANKING
Full Time Equivalent 3,002 2,984 3,077 -75 - 2.4%
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The business unit is organised into four business lines: PB Italy (including San Marino), PB Germany, PB
Austria, and PB International, which includes the operating units in Switzerland and Luxembourg.
Below are key figures for each of these.
Percentage contribution by country as at December 31, 2009
INTERNATIONAL
AUSTRIA
GERMANY
ITALY
9.9%
14.0%
26.8%
7.7%
14.6%
28.2%
14.5%
12.7%
23.7%
49.3% 49.5% 49.1%
Operating income Operating costs Operating profit
80