Q3 2020 Business Update amid Covid-19
Credit risk -
-
Gross credit exposure overview
Gross credit exposure by NACE code
Transport & comms Tourism
Other
3% 2%
Construction
5%
4%
Services
5%
Trade 5%
EUR 288bn
Sep 20
Manufacturing 7%
Real estate
11%
ERSTEŚ
Group
14%
Public admin
Focus exposures (gross)
Industry /
Category
as of
Sep 20
of which
Savings
Banks
Metals
€ 3.8bn
€ 0.8bn
Households
28%
Oil & gas
€ 2.6bn
€ 0.1bn
Automotive
€ 3.6bn
€ 0.9bn
Cyclical
consumer
€ 4.3bn
€ 1.3bn
products
16%
Financial inst.
Machinery
€ 4.7bn
€ 1.6bn
Passenger
transportation
€ 1.5bn
€ 0.1bn
Hotels &
leisure
€ 8.8bn
€ 3.5bn
Comments
Demand from construction industry
compensated partially for lower capacities in
automotive;
Production has restarted, furlough schemes
used to adjust, diversified client & product base
More than half of exposure is with 6 major oil &
gas companies in the region; most of them
entail large downstream operations
Car plants in our region are back to operation
Car sales in China supported German premium
carmakers in Q3,
ST benefitting from public support schemes,
slow recovery expected in the LT
Mixed picture, DIY and sports retail profited
while apparel & fashion is one of the hardest
hit; second lock-downs are a threat
Booming e-commerce as a mitigator
Capacity utilization around 20-30% below pre-
crisis level; impact varies significantly between
sub-sectors due to the high diversity of the
industry
Stabilization at slightly lower level expected
Segments with a strong link / dependency on
tourism industry are particularly hit, a
prolonged period with no return to pre-crisis
level in the mid-term to be expected
Hotel exposure: € 4.4bn: Summer season in our
main regions was better than expected but
2020 will be below previous years
Governmental support in our core regions AT
and HR
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