Q3 2020 Business Update amid Covid-19
Business performance: customer deposit stock* & growth -
Deposit build-up continues in Q3 20
YOY
30/09/19
QoQ
30/06/20
30/09/20
Group
172.5
182.7
184.8
•
7.1%
1.2%
36.8
AT/EBO e
39.8
10.4%
2.1%
40.6
48.0
13.2%
AT/SB
53.0
2.4%
54.3
•
6.4
-14.2%
AT/OA
5.2
5.3%
5.5
•
41.8
22
0.9%
CZ
42.8
-1.5%
42.2
PO
11.7
6.9%
RO
12.3
1.4%
12.5
SE
14.1
1.5%
SK
14.4
-0.3%
14.3
6.1
HH
HU
6.7
10.9%
1.5%
•
6.8
7.0
HR
7.5
7.7
10.1%
3.1%
1.1
RS
1.4
1.5
145
35.6%
9.8%
-0.5
Other -0.4
-0.6
Not meaningful
in EUR bn
•
Continuation of exceptional deposit growth across most
geographies despite zero/low interest rate environment as
retail and corporate clients park cash in overnight accounts
Yoy growth in absolute terms mainly driven by savings banks
(+EUR 6.3bn) and Retail segment (+EUR 6.1bn); solid
contribution from Corporates (+EUR 2.1bn)
Qoq increase across most geographies
Year-on-year segment trends:
AT/OA: lower customer deposits in foreign branches
AT/SB: increase across all savings banks
HU: dynamic growth in Corporates (+24.8%) mainly driven by
Group Large Corporates, Retail deposits increase by 14.0%
RS: exceptional growth in Corporates (+61.8%) and in Retail
(+28.2%)
Quarter-on-quarter segment trends:
•
CZ: decline in Corporate deposits (-13.7%) due to Public Sector,
Retail deposits increase slightly by 0.6%
SK: reduced deposit inflow from Corporates (-10.3%) mainly
driven by Group Large Corporates, Retail deposits increase by
1.2%
HR: Continuation of growth both from Corporates (+3.3%) and
Retail (+2.4%)
* Excludes lease liabilities as of 2020
ERSTEŚ
Group
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