Annual report 2005 - Sava dd

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SAVA GROUP
Structure of credit indebtedness
by maturity
(in %)
Short-term loans
Long-term loans
With regard to credit portfolio maturity in 2005, we did
not find any appreciable changes in comparison with the
year 2004.
After a change in the credit portfolio and events in the
domestic monetary market the indebtedness cost was
considerably reduced in 2005 too. At the end of the year
the average interest rate in the Sava Group amounted to
3.53 per cent, which is lower than the interest rate
average in the euro region. A lower inflation rate, keener
competition among banks, high rating, uniform
presence and the favourable negotiating position of the
Sava Group contributed to a reduction in interest rates.
52.63
47.37
| i n t r o d u c t i o n | )
53.46
46.54
31/12/2004 31/12/2005
The off-balance evidence or surety-warranty activity
was maintained at approximately the same level as in
the previous year. Sava d.d. guarantees for hired loans or
guarantees for Group companies (the Trade and Real
Estate division) amount in total to €29 million.
Owing to its rating the parent company Sava d.d., as a
rule, contracts debts without any additional pledge of its
material or financial assets.
We expect that the banking system will continue to treat
the companies of the Sava Group as sought-after
business partners and debtors with preferential
treatment.