VUB's Market Share and Financial Services
HIGHLIGHTS
A National Champion in a Fast Growing Economy
Slovakia is an A-rated country and one of the most open economies among the members of the core Eurozone
VUB is the second-largest banking group in Slovakia with a strong market share in all the key areas: total assets (20.4%), gross loans
(21.4%), housing loans (23.8%), deposits (18.5%), asset management (18.3%) and branches (18.1%). Its significant sales force is based on
207 domestic branches and a foreign branch office in Czech Republic
Strong Credit Rating based on good financial position and good profitability
VUB is rated A2 by Moody's, based on its good economic and financial figures: as of Dec18 total assets amounted to EUR 16.4 bln. Profit as
of Dec18 was EUR 156 mln
Robust Capital Structure
VUB has a strong capital structure compared to its peers, with a CET1 ratio at 15.3% and Total Capital Ratio of 17.6% as of Dec18, well above
regulatory requirements
Solid growth in Loans to Customers driven by mortgage activity
As of Dec18, 72.8% of Retail Loans was represented by mortgages: number of housing loans were 117,491 (+8.3% YoY) and housing loans
outstanding amounted to EUR 6.2 bln (+16% YoY)
Market Leader in the Covered Bond Market
VUB has the biggest mortgage bonds portfolio in Slovakia with a 100% Residential Real Estate mortgage pool. As a result, it has the largest
Covered Bond book in the sector (15.7% of its liabilities vs. 5%-7% reported by its top three peers)
VUB has EUR 2.3 bln of outstanding covered bonds (the largest amount outstanding in Slovakia), which are rated Aa2 by Moody's. Mortgage
bonds issued before 2018 were transferred to the new Covered Bond Programme according to the new Slovak legislation on covered bonds
Strong Foreign Shareholder Support
VUB has a strong shareholder support from Intesa Sanpaolo, one of the leading European groups with a worldwide network of over 5,300
branches, approx. 19.4 million clients, and a strategic presence in the CEE
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