Investor Presentaiton
Overview of combined financials in Bulgaria
UBB
*
Райфайзен
БАНК
UBB + X
Part of KBC Group
Райфайзен
БАНК
Balance sheet
(bn EUR)(2020A)
Total assets
Part of KBC Group
6.5
5.0
11.5
Gross loans
3.4
3.3
6.7
Deposits
5.5
4.1
9.6
Shareholder equity
0.8
0.5
1.3
Net interest income
132
114
246
Operating income
197
169
365
Profit & Loss
(m EUR)(2020A)
Operating expenses
(98)
(94)
(193)
Loan provisions
(25)
(31)
(56)
Net income
CET1 ratio
Loan/Deposits ratio
Cost income ratio
52 (2021E: 66)(1)
30 (2021E:56)(1)
82 (2021E:122)(1)
23.5%
16.5%
20.2%
62%
80%
69%
50%
55.9%
52.7%
Other Metrics
(2020A)
Cost of risk (gross, implied)
(76bps)
(98bps)
(87bps)
NPL(UBB)/NPE (RGBG) ratio
3.5%
2.5%
n.m.
Employees (k)
2'665
2'536
5'201
Branches (k)
175
122
297
Clients (k)
942
635
1'577
Source: Company data
(1) Additional 2021E net income data, as the 2020 number was impacted by the Covid-19 pandemic
18
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