BANK HANDLOWY W WARSZAWIE S S.A. A 2012 preliminary consolidated financial results February 14th, 2013

Record net profit Net profit since the Bank’s debut on the WSE Net profit for distribution (PLN MM)

Consolidated net profit of the Group (PLN MM)

1,009

970 824

808 748 589

577

755 736

721

646

620

525

472

618

577 416

414 302 205

'97

'98

'99

'00

297

243 243

205

164 '01

'02

'03

'04

'05

'06

'07

'08

'09

'10

'11

'12

'97

'98

600 504

472

302

657

'99

'00

239 163 '01

'02

'03

'04

'05

'06

'07

'08

'09

'10

'11

'12

• The highest Bank’s and Group’s net profit since 1997, i.e. since the debut on the WSE profit available for distribution over PLN 1 B for the first time • Net p 2

Note: Bank published only stand-alone financial results in 1997-2000.

Summary of 2012 in Citi Handlowy Efficiency – record net profit (PLN MM)

Citi Handlowy’s Handlowy s share price vs vs. WSE indices in 2012 105

970

736

100

+32% Share price (PLN)

95

2011

An increase in the Bank’s share price of 45% (+ DY: 3.4%) (WIG Banks – increase of 20%, WIG20 – increase of 18%)

Citi Handlowy

90

WIG Banks

85

WIG 20

80 75 70

2012

ROE / ROTE

ROA

Cost/Income

65

15.5% / 19.3%

2.4%

52%

60

2.6 p.p. / 2.9 p.p. YoY

0.8 p.p. YoY

6.6 p.p. YoY

Key business achievements Customer loans (PLN B) – 2012 - another th year off growth th in i volumes l

14.7

+10%

Corporate clients and financial entities

9.6

+14%

I di id l Individuals

51 5.1

3% +3%

2011 3

16.2

11.0

53 5.3 2012

Demand deposits (PLN B) Emerging Market Champions Program was advising the Management Board of

Treasury Securities Dealer

#1 in the contest of Ministry of Finance

Banking service for the capital city of Warsaw

chosen to act as Bank of the capital city of Warsaw

on Quadra FNX acquisition for the next 5-year term

11.8

10.7

+10%

8.5

+11%

9.4

Corporate clients and financial entities

2.2

+7%

2.4

Individuals

2011

2012

Improvement in all P&L lines Revenues (PLN MM) +12% +2% 634

674

2,427

-4%

2,727 279

30

Gains on sale of AFS debt securities

•

A double-digit increase in revenues in 2012 due to gains on sale of AFS debt securities and higher net interest income

•

Increase in full year 2012 revenues, also excluding gains on sale of AFS debt securities

645 2,396

4Q 2011

Sector: +3%

3Q 2012

4Q 2012

+2%

2011

2,447

2012

General expenses & depreciation (PLN MM) -0.2% (1,432)

-12% (358)

(337)

(1,430) (42)

•

Decrease in Bank’s expenses in 2012 mainly due to administrative expenses reduction

•

PLN 42.2 MM restructuring provision recorded in 1Q 2012 expenses. Excluding impact of restructuring provision, total expenses were lower by 3% in 2012

Restructuring provision

(315)

-7%

(1,432)

4Q 2011

Sector: +3%

3Q 2012

4Q 2012

-3%

2011

(1,387)

2012

Net impairment losses (PLN MM) -24% ((77))

-66% (22) (3)

4Q 2011 4

Sector: +4% (58)

A significant decrease in net impairment losses in annual terms due to improvement in Retail Banking

•

Costs of risk at a low level in 2012 – 40 bps. (decrease from 60 bps. in 2011) vs. 110 bps. in sector

-95% (1)

3Q 2012

•

4Q 2012

2011

2012

Net profit in 2012 vs. 2011 PLN MM

+32% 32% 27.9

18.7

2.4

44,6

42,2

excluding restructuring provision

318 4 318.4

44.3

87.5

53.9

Total revenue: +PLN 300.1 MM/ +12%

736.4

2011

Nett N interest income

Net interest income

4% YoY

Nett ffee & N commission income

T Treasury

Other nett Oth revenues

970.1

E Expenses

Net fee & commission income

Treasury result

7% YoY

96% YoY

Nett N impairment losses

Expenses and d depreciation i i

0.2% YoY excluding PLN 42.2 MM restructuring provision

3% YoY 5

T and Tax d other th

2012

Net impairment losses

24% YoY

Net profit in 4Q 2012 vs. 4Q 2011 /PLN MM M/

+11% 2.0 15.8 31.2

6

63.9

6.3

Total revenue: +PLN 10.6 MM / +2%

221.1

4Q 2011

32.7

43.6

Net interest income

Net fee & commission income

Treasury

Net interest income

Net fee & commission income

8% YoY

4% YoY

Other net revenues

Treasury result

70% YoY

244.6

Expenses

Net impairment losses

Expenses and depreciation

12% YoY

Tax and other

4Q 2012

Net impairment losses

66% YoY

Record – high result of Treasury Treasury result (PLN MM)

Result on customer operations

+96%

651.4

4Q 2011

+70%

333.1

3Q 2012

4Q 2012

2011

2012

Result on proprietary management

-3%

159.2

155.1

91.3 4Q 2011

4Q 2011

3Q 2012

4Q 2012

2011

2012

3Q 2012

7

in the category of FX turnover with ith corporate t clients li t with ith 28% market share

2011

2012

Note: The scales on the graph are not comparable.

in the ranking of Euromoney

#1 on the market

4Q 2012

in the contest of Ministry of Finance is the most common electronic FX platform on the market

tto actt as Treasury Securities Dealer

Balance sheet – structure and dynamics Assets (PLN B)

Liabilities (PLN B) 43.5

42.3 1

Other Cash and balances with NBP Due from banks Assets held for trading

2

Other

36 5 36.5 5.8

Financial liabilities held heldfor-trading

48 4.8

36 5 36.5

Liabilities towards banks

6.0

4.7

6.8

15.0

17.6

2

Customer term deposits

8.7

Customer receivables

14.7

15.8

+3%

16.2

Customer demand deposits

1

Equity

4Q 2011

1

3Q 2012

4Q 2012

2.4

13.2

11.8

2

11.8

1

10.7

+10%

10.7

10.0

+18%

6.4

7.0

7.4

4Q 2011

3Q 2012

4Q 2012

1

L di growth Lending th off 3% QoQ Q Q and d 10% YoY Y Y mainly i l due to the corporate segment

1

Increase in customer demand deposits (+10% YoY)

2

Increase in the AFS portfolio end-of-period balance of 72% QoQ (a decrease of 15% YoY)

2

Increase in term deposits of 10% QoQ

Including capital investments, tangible assets, intangible assets, income tax assets, fixed assets held-for-sale and other assets

8

5.8 2.6

59 5.9 AFS debt securities portfolio

43.5

42.3

2 Including liabilities due to debt securities issuance, interest on customer deposits, liabilities towards customers other than deposits, provisions, income tax liabilities and other liabilities

2012 – another consecutive year of increase in loan volumes Institutional st tut o a non-banking o ba g customers’ custo e s loans oa s (PLN ( B)) +14% Sector: +4%

+4% Sector: -1%

10.6 96 9.6

9.1

-6%

4Q 2011

9 6 +10% 9.6

+6%

1Q 2012

11.0

2Q 2012

3Q 2012

29%

SMEs & MMEs (+3% QoQ; +11% YoY)

38%

Global Clients ( 11% Q (+11% QoQ; Q +26% 26% Y YoY) Y)

25%

Corporate Clients (+16% QoQ; +26% YoY)

• A further increase in loans in 4Q 2012 (+4% QoQ vs. decrease of 0.4% in sector) • A double d bl – digit di it YoY Y Y increase i i total in t t l loans l (+14% vs. +3% in sector)

4Q 2012

Individual customers’ loans (PLN B) +3% Sector: -1%

+0.4% Sector: +0.1%

5.1

5.1 -0.4%

+2%

5.2

5.2

5.3

+1% 18%

Mortgage loans (+7% QoQ; +59% YoY)

40%

Cash loans (-1% QoQ; -4% YoY)

• Positive dynamics of retail loans volume (+3% YoY vs. decrease of 1% in sector) • Mortgage loans (+59% YoY) as a key driver of retail loans growth

41%

4Q 2011 9

1Q 2012

2Q 2012

3Q 2012

4Q 2012

Credit cards (-1% QoQ; -4% YoY)

Deposits – focus on operating accounts Institutional non-banking customers customers’ deposits (PLN B) -1% Sector: +3%

+21% Sector: -2%

17.9 16.1

14.8

14.6 8.3

9.4 9.5

8.5

4Q 2011

17.7

+18%

8.2

7.0

6.6

6.6

7.6

1Q 2012

2Q 2012

3Q 2012

Term deposits (-12% YoY)

• Seasonal increase in deposits in 4Q 2012 • Growth of demand deposits, both in QoQ and YoY terms

+25%

Demand deposits (+11% YoY)

9.4

4Q 2012

Individual customers’ deposits (PLN B) -2% Sector: +8%

6.0

3.8

6.1

3.8

6.1

3.7

-3% 3%

6.1

Sector: +3%

3.7

5.9

-5%

3.5

Term deposits (-7% YoY)

• Increase in demand deposits of 7% YoY • Decrease in total deposits as a result of lower term deposits balance

10

2.2

2.3

2.4

2.4

4Q 2011

1Q 2012

2Q 2012

3Q 2012

Note: Retail demand deposits do not include deposits held on saving accounts .

-1%

2.4 4Q 2012

Demand deposits ((+7% 7% YoY)

Commitment to quality Quality proved by independent rankings

2nd place of Citi Handlowy

3rd place of Citi Handlowy

in the Quality for sure [„Jakość na Bank”] ranking (TNS Polska)

in the Newsweek’s Friendly Bank [„Przyjazny Bank Newsweek’a„] ranking (2011 – 4th place, 2010 – 11th place)

NPS results and customer satisfaction level: • Improvement of results in core areas • Strategic target – NPS ratio >30% Corporate Banking

Retail Banking NPS Branches

NPS Gold

(after a visit to the branch)

(after meeting with RM)

NPS CitiService

Cooperation with RM

69%

78%

80%

2012

2011

2012

58% 42%

44%

44%

2011

2012

2011

49%

30%

NPS results

11

2012

NPS results

2011

NPS results

Satisfaction with cooperation with RM

2012 innovations

1.8 thousand new users of mobile banking

2Q – Mobile Banking for Corporate Clients

Quick cash loanadvisory Investment process

•

330 clients

•

39 thousand transactions

•

Transaction time shortened from 2 days to 2 hours 3Q – New Internet platform for Trade Finance products

1h

• Customer needs’ analysis Roughly 50% of cash loans granted in December investment •in aTailored new, new quick process strategy • Individual recommendation 4Q 4Q –– Cash Investment loan within advisory an hour for Citigold – new process clients implemented from the begining of December 2012 12

4Q – New release of Citi FX Pulse platform

Bank’s priorities for 2010 – 2012 – summary PRIORITIES

IMPLEMENTATION ROE 13%

Increase in efficiency

13%

13%

13%

2010

2011

ROA

Cost / Income

15% 12% 1.9%

15%

2012

Sector 2012

59%

54%

2010

1.6%

2011

52%

51%

2012

Sector 2012

2 4% 2.4% 1.2%

2012

Customer loans (PLN B)

Sector 2012

2010

2011

Demand deposits (PLN B)

+32% Sector: +17%

+20% 12.3 Sector: +15%

Increase in volumes 6.9 5.3

+38%

-4%

2010

60%

Increase in shareholders’ value

40% 20%

14.7 +10%

10.2 +14%

9.6 5.1

+3%

11.0

Corporate clients and financial entities

5.3

Individuals

2012

+5%

+10%

11 8 11.8

Sector: +3%

Sector: +6%

8.3

+2%

8.5

+11%

9.4

1.8

+21%

2.2

+7%

2.4

2010

38%

2011

3% 35%

Dividend yield

37% 9% 28%

20% 20%

19% 2%

9%

17%

14%

0%

2012

Share price change

9% 9%

-5%

2% -10%

11%

6%

-8%

-20% Bank 1 13

10 7 10.7

Return on investment in banks’ shares in 2010-2012

53%

37%

Sector: +9%

Sector: +1%

2011

15%

+16%

16.2

Bank 2

Bank 3

Bank 4

Bank 5

Bank 6

Note: Share price change based on the closing price as of 28/12/2012 and 4/01/2010. Dividend rate based on dividend paid in 2010 2012.

Bank 7

WIG Banks WIG 20

Priorities for 2013 BUSINESS DEVELOPMENT • Leader in servicing multinational companies • Leader on financial instruments and FX market • Focus F on operating ti accounts t

• Focus on affluent segment – Gold and Forward clients acquisition • Credit cards – acquisition and loan volume growth • Increase in cash loans volumes

• Growth in loans and trade finance • Significant transactions on the capital / debt market • Client acquisition in the SME / MME segment

• Focus on operating accounts

Globality new global service system

Corporate Banking

Retail Banking

COMPETITIVE ADVANTAGE • ROA > 1.5%

• NPS > 30% in core areas

• C/ I ~ 50% • Capital adequacy ratio > 12% • Loans / Deposits < 1

• Digitalization • Emerging Markets Champions

Positive return to shareholders Effi i Efficiency and d capital it l position iti 14

Quality and innovations

Appendix

Economic environment E Economic i growth h

M Monetary policy li

Economic growth (%YoY) 2010

6.0

2011

50 5.0

2012E

4.0

2

00.990.5

2.0 13 1.3

China

US

Germany

Poland

CPI YoY

Jul-13

Jan-13

Jul-12

Jan-12

-0.5-0.6 Euro zone

Jul-11

Jan-07

53%

Jan-11

0.0

0 -2

MPC target g

1.0

Jul-10

2

1.71.5

Jan-10

2.9 1.82.21.9

Jul-09

4

3.0

3.84.3

3.53.1

Jan-09

2013F

6

Jul-08

7.77.6

8

Forecast

Jan-08

10

10.3 9.3

Interest rate and inflation 7.0

Jul-07

12

NBP reference rate

Situation in the debt markets in 2012 Government bond yields (%)

10Y government euro bond yields (%)

6.00

7 00 7.00

5.50

6.00

5.00

5.00

4.50

4.00

4.00

3 00 3.00 47%

2.00

2Y

5Y

10Y

Italy

Spain

France

Poland

Dec-12

Nov-12

Oct-12

Sep-12

Aug-12

Jul-12

Jun-12

May-12

Apr-12

Mar-12

1.00 Feb-12

Dec-12

Nov-12

Oct-12

Sep-12

Aug-12

53%

Jul-12

Jun-12

May-12

Apr-12

Mar-12

Feb-12

Jan-12

3.00

Jan-12

3.50

16

%

Germany

Net interest income Net interest income (PLN ( MM))

Net interest margin (NIM) – Bank vs. sector

+4%

1,434.4

1,488.3

Citi Handlowy

4.0%

4.5%

4.4%

3 8% 3.8%

3.7%

2 7% 2.7%

2 7% 2.7%

3Q 2012

4Q 2012

3.1% Sector

Corporate +7% Banking

2 8% 2.8%

48%

4Q 2011

-8%

1Q 2012

NIM on ttotal t l assets t

2Q 2012

NIM on iinterest t t - bearing b i assets t

-5%

382.5

4Q 2011

370.2 -7%

Corporate Banking

-4%

Retail Banking

3Q 2012

7% YoY (2012 vs. 2011)

Debt securities 17

• Increase in net interest income of 4% in 2012 as a result of:

351.3

4Q 2012

Retail

+1% Banking 52%

• Higher income from customer loans (+7%) due to significant increase in corporate loans volume • A twofold increase in income from debt securities held for trading (due to growth of average portfolio balance)

2011

2% YoY (2012 vs. 2011)

Customer result

2012

• Decrease in net interest income in 4Q 2012 mainly due to lower income from debt securities (result of decrease in average AFS and trading portfolios balances of 13% and 29% QoQ, respectively)

/PLN MM/

Net fee & commission income Corporate Banking -18% YoY

-7%

643.2 598.9

Other 63% YoY -63% Payment orders & cash management -5% YoY

50%

4% Brokerage -54% YoY

11%

Corporate

-18% Banking

Custody +0.4% YoY

42%

35%

-4% 4% Retail Banking +4% YoY

-5%

150.0

151.8

143.7 +4%

4Q 2011

3Q 2012

+4%

Corporate Banking

-11%

Retail Banking

4Q 2012

Retail Banking

Investment & insurance products +1% YoY

38%

58%

2011

2012

53% Other +12% YoY

7% 2%

Cash loans -30% YoY 18

Credit cards +6% YoY

Expenses and depreciation Expenses and depreciation (PLN ( MM))

-0.2%

1 432 0 1,432.0

1 429 6 1,429.6 42.2

+6%

Corporate Banking

-7%

336.8

314.6 +13%

Corporate Banking

-22%

Retail Banking

-5%

•

Decrease in Bank’s expenses in 2012 mainly due to administrative costs reduction

54%

3Q 2012

4Q 2012

2011

4Q 2011

3Q 2012

4Q 2012

2011

2012

Corporate Banking

45%

39%

45%

47%

41%

Retail Banking

71%

65%

53%

73%

68%

Bank

56%

50%

49%

59%

52%

19

Excluding impact of PLN 42.2 MM restructuring provision, provision expenses were lower by 3% in 2012

Retail Banking

4Q 2011

Cost / Income

•

46%

-12%

358.2

Restructuring provision created in 1Q 2012

2012 Change 2012 vs. 2011

Change 4Q12 vs. 4Q11

Significant decrease in costs of risk in 2012 Net impairment losses (PLN MM)

Non – performing loans ratio (NPL) 14.4% 13.4%

(76.8)

(120)

12.6%

0.6%

(100)

3 (58.1)

(80)

0.4%

(60)

(22.3)

(40)

(3 0) (3.0)

(20)

0.6%

(10.3) 7.3

0

0 5% 0.5%

(6.5) (15.8)

(96.9) (1.0)

8.2%

6.9%

7.5%

1

5.7% 5 1% 5.1%

0.4%

(3.8) 2.8

(30.0)

9.4%

(28.1) 20.1

4Q 2011

1Q 2012

2Q 2012

3Q 2012

4Q 2012

20 40 4Q 2011

3Q 2012

Corporate Banking

1

2

4Q 2012

Retail Banking

2011

Provision coverage ratio

2012 Cost of risk (%)

Improvement in NPL ratio to 7.5% due to better loan portfolio quality, both in retail and corporate segment Provision P i i coverage ratio ti remained i d att a high hi h level l l of 80%

90%

89%

80%

3

20

80%

77% 65%

67%

60%

4Q 2011

A further decrease in cost of risk in 2012 - from 0 6% in 2011 to 0.4% 0.6% 0 4% in 2012 (vs. (vs 1.1% 1 1% in banking sector)

88%

B k Bank

1Q 2012

2Q 2012

C Corporate t Banking B ki

3Q 2012

4Q 2012

R t il B Retail Banking ki

2

Liquidity and capital adequacy – stable and safe position Capital adequacy ratio – Bank vs. sector

18.0% Tier 1

17 6% 17.6%

116%

13 1% 13.1% 12.7%

Tier 1

11.7%

13.6%

14.0%

12.3%

12.7%

4Q11

1Q12

2Q12

Citi Handlowy

3Q12 Sector

Source: Data for the sector based on KNF and NBP data.

115%

115%

112%

112%

14.7%

13.1%

8%

Regulatory minimum

21

18.0%

16.4% 14.2%

CAR

18.3%

Loans to deposits ratio – Bank vs. sector

4Q12

77% 63%

4Q 2011

81% 73%

68%

1Q 2012

2Q 2012

Citi Handlowy

3Q 2012 Sector

4Q 2012

Income statement – Bank 4Q11

1Q12

2Q12

3Q12

4Q12

2011

2012 vs vs. 2011

2012

PLN MM

%

PLN MM

Net interest income

383

398

369

370

351

1,434

1,488

54

4%

Interest income

512

535

513

532

497

1,927

2,076

149

8%

(129)

(137)

(144)

(161)

(145)

(493)

(588)

(95)

19%

150

152

151

152

144

643

599

(44)

(7%)

-

-

5

1

-

6

6

1

14%

Gains on AFS debt securities

11

73

46

98

63

30

279

249

827%

FX and trading

80

117

101

61

93

303

372

69

23%

Treasury

91

190

147

159

155

333

651

318

96%

Net other operating income

10

(1)

(4)

(8)

(5)

10

(18)

(29)

(279%)

Revenue

634

739

669

674

645

2,427

2,727

300

12%

Expenses

(343)

(399)

(345)

(321)

(300)

(1,372)

(1,365)

7

(1%)

(16)

(16)

(18)

(16)

(15)

(60)

(65)

(5)

8%

(358)

(415)

(363)

(337)

(315)

(1,432)

(1,430)

2

(0%)

276

324

306

338

330

995

1 297

302

30%

Income on fixed assets sale

(0)

0

0

0

0

2

0

(2)

(96%)

Net impairment losses

(3)

(15)

(20)

(22)

(1)

(77)

(58)

19

(24%)

1

0

0

0

0

2

1

(1)

(68%)

EBIT

274

309

286

316

329

921

1 240

318

35%

Corporate income tax

(53)

(66)

(55)

(64)

(85)

(185)

(269)

(84)

46%

Net profit

221

244

231

251

245

736

970

234

32%

56%

56%

54%

50%

49%

59%

52%

Interest expenses Net fee and commission income Dividend income

Depreciation Expenses and depreciation Operating margin

Share in subs. profits

Cost / Income ratio

22

Balance sheet – key items End of p period PLN B

Cash and balances with the Central Bank Amounts due from banks Financial assets held-for-trading Debt securities available-for-sale Customer loans Financial sector entities Non-financial sector entities Corporate Banking R t il Banking Retail B ki Credit cards Cash loans Mortgage loans Other assets

4Q11

1Q12

2Q12

3Q12

4Q12

4Q12 vs. 3Q12

4Q12 vs. 4Q11

T t l assets Total t

1.0 0.5 5.8 17.6 14.7 1.0 13.7 8.6 51 5.1 2.3 2.2 0.6 2.6 42 3 42.3

2.1 1.2 8.2 12.1 14.2 0.7 13.5 8.4 51 5.1 2.2 2.2 0.7 3.0 40 8 40.8

0.6 1.0 6.9 15.6 14.8 0.8 14.0 8.8 52 5.2 2.2 2.2 0.8 2.9 41 9 41.9

0.9 2.1 5.9 8.7 15.8 1.2 14.6 9.4 52 5.2 2.2 2.1 0.9 3.0 36 5 36.5

1.4 1.5 6.8 15.0 16.2 0.9 15.3 10.0 53 5.3 2.2 2.1 0.9 2.6 43 5 43.5

0.4 (0.6) 0.9 6.3 0.4 (0.2) 0.7 0.6 00 0.0 (0.0) (0.0) 0.1 (0.4) 70 7.0

45% (30%) 15% 72% 3% (21%) 4% 7% 0% (1%) (1%) 7% (12%) 19%

0.4 0.9 1.0 (2.6) 1.5 (0.1) 1.6 1.4 01 0.1 (0.1) (0.1) 0.3 0.0 12 1.2

39% 167% 18% (15%) 10% (8%) 12% 17% 3% (4%) (4%) 59% 1% 3%

Liabilities due to banks Financial liabilities held-for-trading Financial liabilities towards customers Financial sector entities - deposits Non-financial sector entities - deposits Corporate Banking Retail Banking Other financial liabilities Other liabilities T t l liabilities Total li biliti

6.0 4.8 24.1 2.2 21.7 15.7 6.0 0.2 0.9 35 8 35.8

5.5 4.0 23.1 2.3 19.9 13.8 6.1 0.9 1.4 34 0 34.0

8.7 3.6 21.1 2.7 18.2 12.1 6.1 0.2 1.7 35 2 35.2

2.6 4.7 20.9 2.6 18.1 12.0 6.1 0.2 1.4 29 5 29.5

2.4 5.8 26.9 2.8 20.8 14.9 5.9 3.2 1.1 36 1 36.1

(0.2) 1.2 6.0 0.2 2.7 2.9 (0.2) 3.0 (0.3) 66 6.6

(9%) 26% 29% 9% 15% 24% (3%) 1657% (24%) 22%

(3.7) 1.0 2.8 0.6 (0.9) (0.8) (0.1) 3.0 0.2 03 0.3

(61%) 21% 11% 25% (4%) (5%) (2%) 1754% 20% 1%

6.4

6.8

6.7

7.0

7.4

0.4

6%

0.9

14.7%

42.3

40.8

41.9

36.5

43.5

7.0

19%

1.2

3%

63% 16.4%

68% 18.0%

77% 18.3%

81% 17.6%

73% 18.0%

Equity

Total liabilities & equity Loans / Deposits ratio Capital Adequacy Ratio 23

Corporate Banking – income statement 4Q11

1Q12

2Q12

3Q12

4Q12

2011

2012 vs. 2011

2012

PLN MM

PLN MM

%

Net interest income

186

202

174

175

164

670

715

45

7%

Interest income

286

309

287

306

279

1,045

1,181

137

13%

(100)

(106)

(113)

(131)

(116)

(375)

(466)

(92)

24%

68

66

65

59

61

307

251

(57)

(18%)

-

-

2

1

-

1

3

1

111%

Gains on AFS debt securities

11

73

46

98

63

30

279

249

827%

FX and trading

72

108

91

52

84

272

336

64

23%

Treasury

83

181

138

150

147

302

615

313

104%

Net other operating income

17

5

2

1

1

35

9

(27)

(75%)

Revenue

355

454

380

385

372

1 316 1,316

1 593 1,593

277

21%

Expenses

(153)

(161)

(163)

(142)

(162)

(596)

(628)

(32)

5%

(7)

(8)

(8)

(6)

(7)

(27)

(30)

(3)

11%

(160)

(169)

(171)

(149)

(169)

(623)

(658)

(35)

6%

195

285

209

237

203

693

934

241

35%

Income on fixed assets sale

0

0

0

0

0

0

0

(0)

(49%)

Net impairment losses

7

(2)

(7)

(16)

(4)

20

(28)

(48)

(240%)

Share in subs. profits

1

0

0

0

0

2

1

(1)

(68%)

203

284

202

221

200

715

907

192

27%

45%

37%

45%

39%

45%

47%

41%

Interest expenses Net fee and commission income Dividend income

Depreciation Expenses and depreciation Operating margin

EBIT

Cost / Income ratio

24

Retail Banking – income statement 2012 vs. 2011 4Q11

1Q12

2Q12

3Q12

4Q12

2011

2012 PLN MM

PLN MM

%

Net interest income

196

195

195

195

188

764

773

9

1%

Interest income

226

227

225

225

217

883

895

12

1%

Interest expenses

(30)

(31)

(30)

(30)

(30)

(118)

(122)

(3)

3%

82

86

86

93

83

336

348

12

4%

Dividend income

-

-

4

-

-

4

4

(1)

(15%)

FX and trading

9

9

10

9

8

31

36

5

17%

(7)

(6)

(6)

(8)

(6)

(25)

(27)

(2)

9%

Revenue

279

284

288

289

273

1,111

1,134

24

2%

Expenses

(189)

(238)

(183)

(179)

(138)

(776)

(737)

39

(5%)

(9)

(8)

(10)

(9)

(8)

(33)

(35)

(2)

5%

(198)

(246)

(192)

(188)

(146)

(809)

(772)

38

(5%)

Operating margin

81

39

96

101

127

301

363

61

20%

Income on fixed assets sale

(0)

0

0

0

0

2

0

(2)

(98%)

(10)

(13)

(13)

(7)

3

(97)

(30)

67

(69%)

-

-

-

-

-

-

-

-

-

71

25

83

94

130

207

333

126

61%

71%

86%

67%

65%

53%

73%

68%

Net fee and commission income

Net other operating income

Depreciation Expenses and depreciation

Net impairment losses Sh Share i subs. in b profits fit EBIT

Cost / Income ratio

25

Retail Banking volumes 4Q12 vs. 3Q12

Volumes (PLN MM)

4Q11

1Q12

2Q12

3Q12

4Q12

Deposits

5,982

6,081

6,113

6,080

5,887

(194)

Demand deposits

2,220

2,296

2,392

2,411

2,385

Other deposits, including:

3,762

3,785

3,721

3,669

2,498

2,535

2,507

Loans

5,111

5,090

Credit cards

2,251

Cash loans

Saving accounts

Mortgage loans

26

PLN MM

PLN MM

%

(3%)

(96)

(2%)

(26)

(1%)

165

3,501

(168)

(5%)

(261)

(7%)

2,432

2,426

(6)

(0%)

(71)

(3%)

5,176

5,239

5,260

21

2,168

2,170

2,161

2,150

(11)

(1%)

(101)

(4%)

2,189

2,177

2,165

2,135

2,104

(31)

(1%)

(86)

(4%)

584

664

759

862

926

342

59%

64

%

4Q12 vs. 4Q11

0%

7%

149

7%

3%