1: Executive summary2. Macroeconomic Overview
Slide 2: Poland - General overview
Slide 3: Poland vs. other consumer markets in Europe, 2019
Slide 4: Key macroeconomic indicators, 2015-1Q2020
Slide 5: Foreign trade statistics, C/A balance, FDIs, 2015-2019
Slide 6: Unemployment, wages & salaries, 2015-2019
Slide 7: Disposable income in households, 2015-2019; income distribution 2018
Slide 8: Consumer confidence Index evolution, 2011-Apr.2020
Slide 9: Warsaw Stock Exchange - Turnover, Market cap and indexes, 2014-2019
2.1. Banking market - General trends
Slide 10: CEE banking markets: Size vs. growth matrix, 2017-2019
Slide 11: CEE banking penetration benchmarks - International comparison, 2019
Slide 12: Structure of the Polish Banking System, 2019
Slide 13: Evolution of banking assets by groups of owners (domestic/foreign), 2015-2019
Slide 14: Top 10 foreign investors in the Polish banking market, 2019
Slide 15: Banking assets evolution (LCU, EUR), 2015-1Q2020
Slide 16: Banking assets evolution by groups of banks, 2015-1Q2020
Slide 17: Top 10 commercial banks, market shares, ownership, 2019
Slide 18: Evolution of market shares for top commercial banks, 2016-2019
Slide 19: Concentration of the banking market, 2017 vs. 2019 (Assets, Branches, ATMs, HH Index)
Slide 20: Deposits of non-financial clients by segment, 2015-1Q2020
Slide 21: Loans to non-financial clients by segment, 2015-1Q2020
Slide 22: Deposits and loans of financial clients, 2015-1Q2020
Slide 23: Foreign funding evolution, 2015-1Q2020
Slide 24: Non-performing loans value and NPL ratios by type of business segment, 2017-Mar.2020
Slide 25: Non-performing retail loans, ratios by type of product, 2007-1Q2020
2.2. Banking market - Regulatory overview
Slide 26: Regulatory overview: Regulatory bodies in the Polish banking market
Slide 27: Central Bank interest rates and mandatory reserve policy, Jan. 2017- May 2020
Slide 28: Inter-bank interest rates, Jan 2011 – April 2020: (WIBOR 3M, Polonia O/N)
Slide 29: Basel II/CRD implementation status, Capital requirement, own funds and CAR ratio for banks, 2014-2019
Slide 30: Bank outlets by type of bank, 2015-1Q2020
Slide 31: Employment in commercial banks, bank assets per employee evolution, 2015-1Q2020
Slide 32: Direct employee costs evolution, 2014-2019
Slide 33: ATM number and transaction value evolution 2014-2019, ATM players, May 2020
Slide 34: POS number and transaction value evolution 2014-2019, POS players, 2019 H1
3. Retail Banking
Slide 35: Demographic trends determining future number of bank clients, 2020-2030F
Slide 36: Cash in circulation, cash vs. deposits ratio, 2015-1Q2020
Slide 37: Household deposits evolution, split local vs. foreign currency, 2015-1Q2020
Slide 38: Household deposits by type (current vs term) and by client sub-segments, 2018-1Q20
Slide 39: TOP banks serving household sector, market shares, 2019
Slide 40: Current account penetration in Poland, Bank account holders demography, 2016
Slide 41: Bank account penetration gap: Poland vs. Europe, 2017/2018
Slide 42: Current accounts of individuals (ROR) at major banks, 2017-2019
Slide 43: Internet use and Internet users in Poland, 2019
Slide 44: Number of accounts with online access and number of online accounts actively used, 2014-2019
Slide 45: Top banks by number of active mobile app users, 1Q 2020
Slide 46: Key mobile payment services in Poland classified by origin of funds, 2019
Slide 47: Investment funds assets evolution, domestic and foreign funds, 2015-1Q2020
Slide 48: Investment funds - top 10 players, March 2020
Slide 49: Personal Financial Assets (PFA) structure and evolution, 2016-2019
Slide 50: Loans to household sector by type, evolution, 2015-1Q2020
Slide 51: Mortgage to household sector by currency- outstanding value, 2015-1Q2020
Slide 52: Mortgage to household sector – new sales, 2015-2019
Slide 53: Consumer lending outstanding evolution, 2015-1Q2020
Slide 54: Consumer lending – new loans, 2015-2019
Slide 55: Financial intermediaries: Value and number of loans sold, 2018
3.1. Payment cards
Slide 56: Cards issued by type, 2014-2019
Slide 57: Cards payments: Poland vs. Europe, growth vs. market development stage, 2016-2018
Slide 58: Cards payments: International comparison, card payments value, volume, cards issued, 2018
Slide 59: Card transactions by type (cashless, cash), share of cash transactions, 2014-2019
Slide 60: Credit card transactions, values, volumes, per card evolution, 2014-2019
Slide 61: Top players in credit cards business, co-branding partners, 2019
4. Corporate Banking
Slide 62: Corporate subjects by size, number, employment, revenues and profits, 2018
Slide 63: Corporate subjects, revenue and profit evolution, 2014-2019
Slide 64: Number of firms by turnover (with 10+ employees), 2019
Slide 65: Corporate subjects, regional distribution, 2019
Slide 66: Corporate deposits and loans evolution, 2015-1Q2020
Slide 67: Top players in the corporate banking market, market shares in deposits and loans, 2019
Slide 68: Brokerage business, top players, shares of investors groups, 2014-2019
Slide 69: Leasing market, structure by industry, top players, 2014-2019
Slide 70: Factoring market, top players, 2014-2019
Slide 71: Non-treasury debt securities market, 2015-2019
5. Banks' Profitability
Slide 72: Nominal rates on loans and deposits by segment, implied interest margins, Jan. 2017-Mar.2020
Slide 73: Commercial banks - profitability tree, 2016-2019
Slide 74: Top 5 commercial banks profitability tree – peers comparison, 2019 (PKO, Pekao, Santander, mBank, ING)
Slide 75: Segment reporting (1/2): volumes, revenues and profit by segment (retail, corporate, other), 2019
Slide 76: Segment reporting (2/2): volumes, revenues and profit by segment (retail, corporate, other), 2019
Slide 77: Commercial banks - revenue, costs and profits composition, 2019
Slide 78: Impact of 140bp rate cuts of Mar-May 2020 on the bottom line as expected by major banks in Poland (in 2020)
6. Banks' Valuation and M&A activity
Slide 79: Share price performance in the stock market for key listed banks in Poland, Jan. 2017– May. 2020
Slide 80: Market multiples for major listed banks in Poland, May 2020
Slide 81: Strategic control map for major listed banks in Poland, May 2020
Slide 82: Efficiency of top banks in Poland - Cost to income, Assets/Personnel/Branches benchmarks, 2019
Slide 83: Acquisition transactions in the Polish banking market (1/4), 2005-2008
Slide 84: Acquisition transactions in the Polish banking market (2/4), 2009-2011
Slide 85: Acquisition transactions in the Polish banking market (3/4), 2012-2016
Slide 86: Acquisition transactions in the Polish banking market (4/4), 2017-2020
Slide 87: New entrants, 2014-2017
7. Top 5 Banks - Profiles
Slide 88-89: Bank profiles: PKO Bank Polski
Slide 90-91: Bank profiles: Bank Pekao
Slide 92-93: Bank profiles: Santander
Slide 94-95: Bank profiles: mBank
Slide 96-97: Bank profiles: ING Bank
8. Mid-term forecasts
Slide 98: Forecast - household loans & deposits, 2020-2022F
Slide 99: Forecast - corporate loans & deposits, 2020-2022F
Slide 100: Forecast - banking assets, 2020-2022F
