5 Annex charts and tables

Transcription

1 5 Annex charts and tables A Changes in the economic and financial environment B Payment defaults of the loan portfolio C Banks D Banks branch offices... 9 E Cooperative credit institutions F Financial enterprises G Insurers...1 H Investment service providers...15 I Fund managers, investment funds J Pension, healthcare and voluntary mutual funds...119

2 June 213 Risk report A Changes in the economic and financial environment Chart A1 Growth performance of Visegrád Fours (y/y, %) Chart A2 Relative growth performance of Hungary (y/y, %) Czech Republic Hungary Poland Slovakia Q4 22 Q4 24 Q4 26 Q4 28 Q4 21 Q4 212 Source: Eurostat Deviation from NMS-12 average Deviation from EA-17 average Hungary -1 Q4 22 Q4 24 Q4 26 Q4 28 Q4 21 Q4 212, Eurostat Chart A3 Crude oil and natural gas futures prices Chart A4 Prices of some precious metals (January 2 = 1) Source: EIA Crude oil(usd/barrel, left scale) Natural gas (USD/million BTU, right scale) Gold Silver Platinum Source: Bloomberg Chart A5 EUR exchange rates (at period end) Chart A6 Difference between 6-month LIBOR and central bank rates (at month end, bps) EUR/USD EUR/CHF EUR/1JPY 1,7 1,6 1,5 1,4 1,3 1,2 1,1 1,, Source: Eurostat Source: Bloomberg EUR USD CHF GBP JPY Hungarian Financial Supervisory Authority Annex - 74

3 June 213 Risk report Chart A7 Major stock indices (January 2 = 1) Chart A8 Representative central bank rates (at period end, %) 13 S&P5 NIKKEI225 FTSE1 DAX 6 FED interbank O/N rate SNB 3-month LIBOR ECB refinancing rate MNB base rate (rs) Source: Bloomberg Source: FED, ECB, SNB, MNB Chart A9 Hungarian sovereign 5Y CDS-spread (bps) Chart A1 Sovereign 5Y CDS-spread (bps) Source: Bloomberg Hungary Hungary's spread above EU-9 average Source: Bloomberg Average of periferic countries (excl. Greece) Hungary Germany (right scale) Chart A11 Consumer inflation (y/y, %)* Chart A12 Bank lending (y/y, %) 8 Euro area United States 16 Euro area United States *HICP inflation, in case of US data in 213 estimated based on CPI Source: Eurostat *seasonally and working day adjusted data Source: Eurostat Hungarian Financial Supervisory Authority Annex - 75

4 June 213 Risk report Chart A13 Regional comparison of unemployment rates (Q4 212, %) Chart A14 Regional comparison of GDP growth rates (212, %) Slovakia Latvia Cyprus Lithuania Bulgaria EA-17 Hungary EU-27 Slovenia Poland V3 (CZ, PL, SK) NMS-12 Estonia Czech Republic Romania Malta Source: Eurostat Latvia Lithuania Estonia Poland Slovakia V3 (CZ,PL,SK) Malta Bulgaria NMS-12 Romania EU-27 EA-17 Czech Republic Hungary Slovenia Cyprus Source: Eurostat Chart A15 GDP, household consumption and fixed investment (y/y, %) Chart A16 GDP, export and import (y/y, %) Investment GDP Consumption Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Export GDP (right scale) Import Chart A17 A GDP production by sectors (y/y, %) Chart A18 Stocks (q/q, %) Construction (LS) Industry (LS) Services (LS) Agriculture (RS) Q2 26 Q2 27 Q2 28 Q2 29 Q2 21 Q2 211 Q2 212 Total economy Manufacturing Trade, machine repaire Other (right scale) 5% 3% 4% 2% 3% 1% 2% % 1% % -1% -1% -2% -2% -3% Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Hungarian Financial Supervisory Authority Annex - 76

5 June 213 Risk report Chart A19 Industrial output, sales and orders (y/y, %) Chart A2 Industrial sales growth (y/y, %) Production Orders New orders Sales Domestic Export Total Chart A21 Industrial orders (y/y, %) Chart A22 Industrial new orders (y/y, %) 6 Domestic Total Export 8 Domestic Total Export Chart A23 Investments by investor groups (y/y, %) Chart A24 Investments by investment target (y/y, %) Total economy Companies Public Q4 2 Q4 23 Q4 26 Q4 29 Q4 212 Total economy Constructions Machines, equipments Q4 2 Q4 23 Q4 26 Q4 29 Q4 212 Hungarian Financial Supervisory Authority Annex - 77

6 June 213 Risk report Chart A25 Construction output growth (y/y, %) Chart A26 Construction contracts (y/y, %) Total Buildings Other structures Contracts New contracts Chart A27 Volume indices of sales (procurement) of agricultural products (y/y, %, cumulated) Chart A28 Housing price and housing market transactions Total Live animals, animal products Crops, horticultural products (right scale) Housing market transactions (annualised, ', left scale) FHB housing price index, CPI-adjusted (y/y, right scale) DH housing market index, CPI adjusted (y/y, rigth scale) 25 % -2% 2-4% -6% 15-8% -1% 1-12% 5-14% -16% -18% Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212, FHB, Duna House Barometer Chart A29 New housing starts and completions (4quarter rolling, y/y) Chart A3 Issued new construction permits (12- month rolling, q/q) 2% 1% % -1% -2% -3% -4% -5% Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Starts Completions 6% 4% 2% % -2% -4% -6% -8% -1% Number of permits Square meters of permits Hungarian Financial Supervisory Authority Annex - 78

7 June 213 Risk report Chart A31 First time registered cars Chart A32 First time registered cars ( ) 6% As compared to previous quarter As compared to same period of the previous year 6 Quarterly 4-quarter rolling (right scale) 25 4% 2% % -2% -4% -6% % Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Chart A33 Seasonal development of unemployment rates in different years (%) Chart A34 Main labour market indices (3-months rolling, 28=1, aged 15-74) 12, 11,5 11, 1,5 1, 9,5 9, 8,5 8, Employed Actives Population aged Unemployed (right scale) 16% 18,% 14% 16,% 14,% 12% 12,% 1% 1,% 8,% 98% 6,% 96% 4,% 2,% 94%,% Chart A35 Number of wage earners (28 = 1) Chart A36 Development of wages (December 28 = 1%) Total economy Private sector Government sector (rigth scale) % 115% 11% 15% 1% 95% 9% 85% 8% 75% 7% Gross wages Real net wages Net wages Real gross wages 12% 115% 11% 15% 1% 95% 9% 85% 8% 75% 7% Hungarian Financial Supervisory Authority Annex - 79

8 June 213 Risk report Chart A37 Real net wages and retail sales volume (y/y, %) Chart A38 Retail trade, by main groups of products (y/y, %) Real net wages Retail sales (swda data) Eurostat, Hungarian consumer confidence (right scale) , Eurostat Food products Non-food products Car fuels Retail trade total Chart A39 Industrial producer prices (y/y, %) Chart A4 Price developments of agricultural products (%) Total Domestic Export Total Live animals, animal products Crops, horticultural products (right scale) Chart A41 Consumer inflation and core inflation (y/y, %) Chart A42 Agricultural and food prices (y/y, %) Total Excluding food and energy Consumer prices of food (left scale) Agricultural producer prices (right scale) Hungarian Financial Supervisory Authority Annex - 8

9 June 213 Risk report B Payment defaults of the loan portfolio Table A1 Value of total loans Banks Branch offices of Credit cooperative banks institutions Total HUF Bn % HUF Bn % HUF Bn % HUF Bn % December 21 Loans Total % % % % - Household loans % % % % + Retail mortgage loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. + other retail loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. - Corporate loans % % % % + Large corporate % % % % + Project loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. June 211 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate % % % % + Project loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. December 211 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate % % % % + Project loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. June 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate % %.73.1% % + Project loans % % % % December 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate % %.52.1% % + Project loans % % % % Proportion, December 212 Loans Total 9.3% 5.3% 4.3% 1.% - Household loans 87.3% 6.7% 6.% 1.% + Retail mortgage loans 89.1% 6.5% 4.5% 1.% - Corporate loans 89.9% 5.1% 5.% 1.% + Large corporate 99.3%.7%.% 1.% Change, December 21 December 212 Loans Total -17.9% -2.5% -5.1% -17.6% - Household loans -2.7% -25.5% 1.8% -2.% - Corporate loans -11.8% -7.6% -11.5% -11.6% + Large corporate -2.9% -53.2% -95.% -4.% Hungarian Financial Supervisory Authority Annex - 81

10 June 213 Risk report Table A2 Value and proportion of defaulted loans Banks Branch offices of banks Credit cooperatives Total HUF Bn % HUF Bn % HUF Bn % HUF Bn % December 21 Loans Total % % % % - Household loans % % % % + Retail mortgage loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. + other retail loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. - Corporate loans % % % % + Large corporate % % % % + Project loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. June 211 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate %..%.77.5% % + Project loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. December 211 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate %..%.3.2% % + Project loans n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. June 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate %..%.24.2% % + Project loans % % % % December 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % + Large corporate %..%.21.1% % + Project loans % % % % Proportion, December 212 Loans Total 89.4% 4.4% 6.2% 1.% - Household loans 87.3% 7.% 5.7% 1.% + Retail mortgage loans 89.7% 6.6% 3.7% 1.% - Corporate loans 9.% 2.4% 7.6% 1.% + Large corporate 99.9%.%.1% 1.% Change, December 21 December 212 Loans Total 42.1% 87.3% 21.8% 42.2% - Household loans 4.9% 96.2% 1.8% 41.5% - Corporate loans 46.3% 72.2% 3.5% 45.5% + Large corporate 29.3% -1.% -92.1% 26.3% Hungarian Financial Supervisory Authority Annex - 82

11 June 213 Risk report Table A3 Value and proportion of renegotiated loans Banks Branch offices of banks Credit cooperatives Total HUF Mn % HUF Mn % HUF Mn % HUF Mn % December 211 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % March 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % June 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % September 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % December 212 Loans Total % % % % - Household loans % % % % + Retail mortgage loans % % % % + other retail loans % % % % - Corporate loans % % % % Proportion, December 212 Loans Total 88.9% 9.% 2.1% 1.% - Household loans 85.4% 13.3% 1.2% 1.% + Retail mortgage loans 85.7% 13.4%.9% 1.% - Corporate loans 94.9%.3% 4.8% 1.% Change, December 211 December 212 Loans Total 26.1% 36.7% -23.8% 25.3% - Household loans 52.3% 37.7% 5.2% 49.4% + Retail mortgage loans 52.4% 37.7% 1.2% 49.7% - Corporate loans -3.1% -26.1% -36.7% -5.6% Hungarian Financial Supervisory Authority Annex - 83

12 June 213 Risk report Table A4 Financial enterprises Claims from financial leasing Not overdue 72,45% 57,2% 56,72% 56,94% 54,4% Total overdue 3,18% 44,36% 43,77% 41,19% 4,87% -9 days 1,5% 19,28% 17,84% 15,88% 15,4% days 6,89% 6,1% 6,66% 5,65% 6,6% Over 1 year 13,24% 18,98% 19,27% 19,66% 18,87% Claims from issuing credit Not overdue 57,3% 5,38% 48,46% 43,77% 43,85% Total overdue 4,66% 47,11% 46,88% 49,1% 47,83% -9 days 14,67% 2,93% 18,2% 19,9% 18,55% days 6,61% 5,61% 6,79% 6,1% 5,46% Over 1 year 19,38% 2,56% 21,89% 23,19% 23,82% Claims from current factoring Not overdue 74,45% 59,94% 63,33% 68,87% 71,46% Total overdue 33,46% 34,2% 33,% 29,76% 3,28% -9 days 13,29% 13,19% 15,88% 15,65% 14,35% days 5,48% 6,33% 5,28% 3,21% 5,43% Over 1 year 14,69% 14,51% 11,84% 1,89% 1,51% Hungarian Financial Supervisory Authority Annex - 84

13 June 213 Risk report C Banks Chart A43 Loans in banking sector (HUF Bn) Chart A44 Loans and deposits in the banking sector HUF (Gr.) EUR (Gr.) Other FX (Gr.) Net 25 Tranz. Chng. (rhs) 3% 2 2% 15 1% 1 % 5-1% -2% % Loans (left scale, HUF bn) Deposits (left scale, HUF bn) Loans/Deposits (right scale) 18% 17% 16% 15% 14% 13% 12% Chart A45 Mortgage loans and collaterals Chart A46 Net and open FX position of the banking sector within the balance sheet items (month-end figures, HUF Bn) 65% 6% 55% 5% 45% 4% 35% 3% 7% Mortgage loans / Total loans (left scale) Average LTV ratio (left scale) Mortgage loans to households / Retail loans (right scale) 85% 8% 75% Source: MNB Net FX position within the BS Open FX position within the BS Chart A47 Total net, long, and open FX position of the banking sector (month-end figures, HUF Bn) Chart A48 Maturity transformation in percentage of balance sheet total Total open FX position Total long FX position Total net FX position Source: MNB % 2% 15% 1% 5% % -5% -1% -15% -3 days 31-9 days days 1-2 years 2-5 years over 5 years without maturity Hungarian Financial Supervisory Authority Annex - 85

14 June 213 Risk report Chart A49 12 Maturity mismatch of assets and liabilities (HUF Bn) A L A L A L A L A L A L A L -3 days 31-9 days days 1-2 years 2-5 years over 5 years without maturity Chart A5 Key liquidity indicators in the banking sector I. Chart A51 Share of loss making banks/branches in the balance sheet total Liquid assets/bs total (left scale) Net money and capital market position/bs total (right scale) 4% % 35% 3% -5% 25% 2% -1% 15% 1% -15% 5% % -2% % 4% 35% 3% 25% 2% 15% 1% 5% % Loss making banks Loss making branches of foreign banks Together Chart A52 ROA (after tax, 12 months earnings) Chart A53 Distribution of ROA (12 months earnings) 1,%,5%,% -,5% -1,% -1,5% -2,% Big banks Other banks 1% percentile 25% quartile 75% quartile 9% percentile Median Mean Dispersion 6% 5% 4% 3% 2% 1% % -1% -2% -3% -4% -5% -6% -7% Hungarian Financial Supervisory Authority Annex - 86

15 June 213 Risk report Chart A54 ROE (after tax,12 months earnings) Chart A55 Distribution of ROE (12 months) 1% Big banks Other banks 1% quartile 25% quartile 75% quartile 9% quartile Median Mean Dispersion 5% % -5% -1% -15% -2% % 1% -1% -3% -5% Chart A56 Share of banks in the balance sheet total per ROA Chart A57 Share of banks in the balance sheet total per ROE 45% 4% 35% 3% 25% 2% 15% 1% 5% % % 5% 4% 3% 2% 1% % Chart A58 Ratio of bad and doubtful items within total portfolio Chart A59 Capital Adequacy Ratio (CAR) 18% 16% 14% 12% 1% 8% 6% 4% 2% % Total classifiable NFE+SP loans Loans to households balance sheet items Loans to foreigners Total classifiable off-balance sheet items 2% 18% 16% 14% 12% 1% 8% Big banks Other banks Hungarian Financial Supervisory Authority Annex - 87

16 June 213 Risk report Chart A6 CAR, adjusted with non-audited earnings Chart A61 Share of banks in the balance sheet total per CAR Adjusted Non-Audited Audited 17% 16% 15% 14% 13% 12% 11% 1% 9% 8% % 5% 4% 3% 2% 1% % Chart A62 Internal capital surplus Chart A63 Share of banks in the balance sheet total per internal capital surplus 3% 2% Other banks Big banks 35% 3% 25% % 2% 15% % 1% -1% 5% % -2% Chart A64 Distribution of capital requirement under Pillar 1 across specific risks Chart A65 Main items of wholesale and retail financing 1% Credit risk (%) Market risk (%) Operational risk (%) Settlement risk (%) Other (%) Capital req. (HUF bn, right) 1 65 Customer deposits Deposits of mon. fin. institutions Debt securities 1% Deposits of money market funds Loans taken 95% % 9% % 85% % 8% % 75% % Hungarian Financial Supervisory Authority Annex - 88

17 June 213 Risk report Table A5 Components of profitability in the banking sector as a percentage of the average balance sheet total Interest revenue 8.41% 8.43% 8.47% 7.7% 7.17% 7.38% 7.65% 7.8% Interest expenditure 5.14% 5.69% 5.87% 4.7% 4.16% 4.46% 4.7% 4.9% 1. Net interest income (interest margin) 3.27% 2.74% 2.6% 3.% 3.1% 2.92% 2.95% 2.9% 2. Net non-interest income 1.68% 1.3% 1.86%.62%.89% -.3% -.13% -.45% o/w: Fees and commissions 1.11%.93%.89%.91%.83%.81%.82%.84% Dividends.22%.63%.23%.24%.32%.21%.21%.2% Profit/loss on financial transactions 3. Change in specific provisions and value adjustments.81%.54% 1.4%.66%.91%.81%.58%.29% -.48% -.55% -1.52% -1.3% -2.42% -1.84% -1.47% -.53% 4. Operating expenditures -2.67% -2.47% -2.2% -2.7% -2.1% -2.3% -2.8% -2.1% 5. Extraordinary profit/loss -.1%.6% -.7% -.12% -.22% -.31% -.34% -.2% 6. Pre-tax profit 1.78% 1.8%.85%.12% -.75% -1.3% -1.7% -.39% 7. After-tax profit (ROA) 1.48%.91%.72%.4% -.86% -1.4% -1.17% -.6% 8. After-tax profit (ROE) 17.15% 1.91% 8.91%.49% -9.65% % % -6.28% Note: figures of this table based on the four-quarter rolling data of the P&L account. Bank levy appears in Net non-interest income. The nominator of ROE and ROA is the pre-tax profit minus the paid-in corporate tax advancement. Table A6 Changes in operating costs and network development Total number of staff Headcount growth rate (yoy).4% -.2% -.7% -.8% -.5%.% -.4% -1.3% No. of bank branches Growth in branch network (yoy) -1.9%.1% -1.2% 2.3% -3.7% -6.9% -7.5% -7.8% Cost to income ratio 45.4% 45.4% 43.1% 39.7% 39.8% 42.7% 45.7% 49.7% Table A7 Breakdown of liabilities between the main items Total liabilities and Shareholders' equity (HUF Bn) Deposits 43.5% 44.% 46.3% 46.9% - NFE+SP 12.8% 13.% 14.% 14.5% - Retail 22.% 22.4% 23.% 23.2% - Other 8.7% 8.6% 9.3% 9.1% Deposits from monetary fin. Institutions (MFIs) 16.9% 16.1% 15.1% 15.7% - Deposits from financial market funds 3.% 3.2% 3.5% 3.8% - Deposits from domestic credit institutions 3.3% 3.1% 2.8% 3.% - Deposits from foreign MFIs 1.6% 9.8% 8.7% 9.% Borrowings 14.3% 14.9% 13.2% 11.8% - Loans from foreigners 8.7% 8.6% 7.8% 6.7% - Loans from residents 5.6% 6.3% 5.4% 5.1% Own-issued debt securities 1.7% 1.3% 1.8% 1.7% - Issued abroad 3.6% 2.8% 3.4% 3.5% - Issued in Hungary 7.1% 7.5% 7.5% 7.2% Other liabilities 14.6% 14.7% 14.6% 14.9% Shareholders equity 9.4% 9.5% 9.8% 9.6% Hungarian Financial Supervisory Authority Annex - 89

18 June 213 Risk report D Banks branch offices Chart A66 Activity of banks' branch offices (y/y) Chart A67 HUF and FX loans 4% 3% 2% 1% % -1% -2% -3% Balance sheet Loans (gross) NFE loans (net, exchange rate adjusted) Retail loans (net, exchange rate adjusted) Deposits 4% 3% 2% 1% % -1% -2% -3% 58% FX loans (exchange rate adjusted, yoy) Loans (exchange rate adjusted, yoy) HUF loans (yoy) FX loans/total loans (right sc) 68% 66% 64% 62% 6% Chart A68 Ratio of bad and doubtful items Chart A69 ROA (12 months earnings) 18% 15% 12% 9% Total classifiable balance sheet items Loans of NFE Loans of retail customers 1,5% 1,%,5%,% Pre tax ROA After tax ROA 6% -,5% 3% -1,% % ,5% Table A8 Population and size of banks branch offices Number of institutions Balance sheet (HUF Bn) Growth rate of balance sheet (y/y) -4.3% 2.5% 4.1% -7.9% 4.2% -11.5% -22.6% Table A9 Assets of banks branch offices (HUF Bn and y/y growth) Total assets % 4.2% -22.6% Cash and settlement account % 48.1% -13.5% Securities % -15.2% -34.7% Central bank and interbank deposits % 122.3% -22.6% Loans % -7.8% -26.8% Other assets % 42.7% 14.% Hungarian Financial Supervisory Authority Annex - 9

19 June 213 Risk report Table A1 Liabilities of banks branch offices (HUF Bn and y/y growth) Total liabilities % 4.2% -22.6% Deposits % 22.5% -13.% Deposits from monetary financial institutions (MFIs) % -6.7% -5.6% Borrowings % 1.7% -29.9% Other liabilities % 26.% 5.7% Own capital % -34.% 27.5% Table A11 Gross loans of banks branch offices (HUF Bn and y/y growth) Loans % -4.9% -25.5% - Non-financial enterprises (NFE) % 2.9% -31.% -Retail customers % -8.7% -16.7% Households % -8.7% -16.7% - mortgage loans % -14.6% -18.4% - consumer loans % -12.7% -22.6% - other % 29.1% 2.% Sole proprietorships % 4.2% -14.2% Table A12 Components of profitability of banks branch offices (HUF Bn) Interest revenue Interest expenditure Net interest income (interest margin) Net non-interest income o/w: Fees and commissions Dividends Profit/loss on financial transactions Change in specific provisions and value adjustments Operating expenditures Extraordinary profit/loss Pre-tax profit After-tax profit Note: figures of this table based on the four-quarter rolling data of the P&L account. Hungarian Financial Supervisory Authority Annex - 91

20 June 213 Risk report Table A13 Components of profitability of banks branch offices as a % of the average balance sheet total Interest revenue 5.68% 5.68% 5.77% 5.97% 5.87% 6.% 6.5% 6.1% 6.6% Interest expenditure -2.51% -2.58% -2.54% -2.68% -2.58% -2.72% -2.77% -2.74% -2.71% 1. Net interest income (interest margin) 3.17% 3.1% 3.24% 3.29% 3.29% 3.28% 3.28% 3.27% 3.35% 2. Net non-interest income.39%.34%.3%.48%.74%.6%.58%.4%.27% o/w: Fees and commissions.55%.57%.61%.66%.58%.6%.6%.61%.65% Dividends.1%.1%.1%.%.%.%.%.%.% Profit/loss on financial transactions.39%.38%.29%.24%.37%.22%.19% -.1% -.2% 3. Change in specific provisions and value adjustments -.8% -.7% -.7% -.55% -1.75% -1.77% -2.2% -2.13% -.88% 4. Operating expenditures -2.1% -2.6% -2.13% -2.23% -2.28% -2.35% -2.39% -2.48% -2.66% 5. Extraordinary profit/loss -.4% -.3% -.3% -.2% -.4% -.4% -.4% -.4% -.4% 6. Pre-tax profit.62%.64%.67%.96% -.5% -.28% -.6% -.98%.2% 7. After-tax profit...46%.48%.72% -.51% -.69% -.95% -1.35% -.31% Note: figures of this table based on the four-quarter rolling data of the P&L account. Hungarian Financial Supervisory Authority Annex - 92

21 June 213 Risk report E Cooperative credit institutions Chart A7 Activity of cooperative credit institutions (y/y) Chart A71 FX loans 2% 15% 1% 5% % -5% -1% -15% Balance sheet total Loans (gross) Deposits NFE loans (net, exchange rate adjusted) Retail customers (exchange rate adjusted) No. of inst. in FX lending Total FX loans (HUF bn) FX assets/bs total (rsc.) FX loans/all loans (rsc.) 2% 18% 16% 14% 12% 1% 8% 6% 4% 2% % Chart A72 Ratio of bad and doubtful items within total portfolio Chart A73 12 month provision expenditure (in % of loans) 14% 12% 1% 8% 6% 4% 2% % Total NFE + SP loans classifiable balance sheet items Loans to households Total classifiable offbalance sheet items Non-financial Enterprises Households 3,% 2,5% 2,% 1,5% 1,%,5%,% Chart A74 Mortgage loans and collaterals Chart A75 ROE and ROA (12 months earnings) 8% 7% 6% 5% 4% Average LTV ratio (left scale) Mortgage loans to households / Retail loans (right scale) Mortgage loans / Total loans (left scale) 7% 6% 5% 4% 3% 2% 1% %,% ROE (left scale) ROA (right scale),7%,6%,5%,4%,3%,2%,1% Hungarian Financial Supervisory Authority Annex - 93

22 June 213 Risk report Chart A76 Distribution of ROA by number of institutions Chart A77 Distribution of ROE by number of institutions Note: figures of this table based on the four-quarter rolling data of the P&L account. Note: figures of this table based on the four-quarter rolling data of the P&L account. Chart A Distribution of capital adequacy ratio (CAR) by number of institutions after Supervisory Revision Table A14 Population and size of cooperative credit institutions Number of institutions Balance sheet (HUF Bn) Growth rate of balance sheet (y/y) 1.8% 3.%.6% 2.3% -2.1% -2.8% -1.2% Table A15 Assets of cooperative credit institutions (HUF Bn and y/y growth) Total assets % -2.1% -1.2% Cash and settlement account % 1.2% 12.2% Securities % -5.7% -1.1% Central bank and interbank deposits % -8.9% 3.5% Loans % 2.4% -4.4% Property interests % -6.4% -4.8% Other assets % -3.8% -1.4% Hungarian Financial Supervisory Authority Annex - 94

23 June 213 Risk report Table A16 Liabilities of cooperative credit institutions (HUF Bn and y/y growth) Total liabilities % -2.1% -1.2% Deposits % -1.%.7% Deposits from monetary fin. inst. (MFIs) % -41.% -35.9% Borrowings % -18.9% -3.5% Other liabilities %.6% -2.8% Own capital % 4.1% 5.1% Table A17 Gross loans of cooperative credit institutions (HUF Bn and y/y growth) Loans % 3.1% -3.7% - Non-financial enterprises (NFE) % -7.9% -8.8% -Retail customers % 12.8% 2.8% Households % 16.8% 4.3% - mortgage loans % -2.5% -4.9% - consumer loans % 33.1% 1.7% - other % 15.5% 5.8% Sole proprietorships % -.9% -2.9% Table A18 Components of profitability of cooperative credit institutions (HUF Bn) Interest revenue Interest expenditure Net interest income (interest margin) Net non-interest income o/w: Fees and commissions Dividends Profit/loss on financial transactions Change in specific provisions and value adjustments Operating expenditures Extraordinary profit/loss Pre-tax profit After-tax profit Note: figures of this table based on the four-quarter rolling data of the P&L account. Hungarian Financial Supervisory Authority Annex - 95

24 June 213 Risk report Table A19 Components of profitability of cooperative credit institutions as a percentage of the average balance sheet total Interest revenue 8.26% 8.5% 7.98% 8.6% 8.11% 8.34% 8.44% 8.59% 8.58% Interest expenditure -4.8% -3.85% -3.8% -3.88% -3.93% -4.3% -4.9% -4.21% -4.26% 1.Net interest income (interest margin) 4.18% 4.21% 4.18% 4.18% 4.18% 4.31% 4.35% 4.38% 4.32% 2. Net non-interest income.96%.92%.89%.78%.87% 3.37%.78%.83%.8% o/w: Fees and commissions 1.28% 1.26% 1.25% 1.23% 1.25% 1.27% 1.27% 1.29% 1.28% Dividends.4%.4%.1%.1%.1%.1%.1%.1%.1% Profit/loss on financial transactions.22%.21%.21%.15%.1%.7%.6%.6%.1% 3. Change in specific provisions and value adjustments -.84% -.87% -.95% -.93% -.88% -.81% -.72% -.71% -.52% 4. Operating expenditures -3.85% -3.83% -3.81% -3.8% -3.81% -3.87% -3.89% -3.94% -3.94% 5. Extraordinary profit/loss.%.%.%.% -.3% -.3% -.7% -.6% -.4% 6. Pre-tax profit.44%.44%.31%.23%.33%.37%.45%.5%.62% 7. After-tax profit (ROA).36%.37%.26%.19%.24%.28%.36%.4%.53% 7. After-tax profit (ROE) 4.94% 5.8% 3.56% 2.58% 3.21% 3.75% 4.75% 5.22% 6.72% Note: figures of this table based on 4-quarter rolling data of the P&L account. Table A2 Capital adequacy of cooperative credit institutions Growth of total own funds for capital adequacy purposes* (y/y) Growth of minimum required capital* (y/y) % 6.65% 5.7% 6.1% 3.91% 5.42% 3.42% 3.42% 4.16% 5.19% 1.62% 1.78% 3.18% 5.7% 7.85% -.45% -3.4% -5.27% Capital Adequacy Ratio (CAR)* 15.59% 15.11% 15.14% 14.84% 15.41% 14.77% 15.73% 15.83% 16.5% Tier 1 ratio 13.88% 13.38% 13.51% 13.25% 13.87% 13.26% 14.15% 14.12% 14.29% CAR after SREP 12.7% 12.32% 12.2% 11.81% 12.18% 11.54% 12.13% 12.16% 12.3% *Pillar 1 Hungarian Financial Supervisory Authority Annex - 96

25 June 213 Risk report F Financial enterprises Chart A79 Return on Assets (ROA) and Return on Equity (ROE) of financial enterprises Chart A8 After-tax profit of financial enterprises (rolling 12-month data, HUF Bn) ROA (lhs) ROE (rhs) 3% 3% 2% 2% 1% 1% % % -1% -2% -1% -3% -2% -4% -5% -3% -6% Profit of the profit making enterprises Loss of the loss making enterprises Earnings of the sector Table A21 Gross claims on clients Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 Total, end of period (HUF Bn) Annual growth -6.2% -1.9% -6.1% -12.8% -13.1% Share of credit market 11.% 11.3% 11.3% 11.4% 11.3% Share of non-financial enterprises from claims on clients 42.9% 43.8% 43.8% 44.1% 44.% Share of households from claims on clients 54.8% 54.% 53.7% 53.2% 53.2% Table A22 Number of institutions dealing with given activity H H H All financial enterprises Issuing credit Financial leasing Current factoring Work out factoring Other Note: If one institution is dealing with more activities, it appears multiple times. Table A23 Change of claims on clients Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 Total claims (gross, HUF Bn) Share of FX based items 7.5% 68.7% 66.1% 64.% 62.3% Growth of HUF portfolio (yoy) 12.6% 13.4% 11.% 1.7% 11.5% Adjusted growth of FX portfolio (yoy) -23.7% -26.8% -22.8% -21.% -17.2% Adjusted growth of entire portfolio (yoy) -14.8% -15.9% -13.1% -12.% -8.8% Hungarian Financial Supervisory Authority Annex - 97

26 June 213 Risk report Table A24 Vehicle financing Claims from vehicle financing (net, HUF Bn) Share of corporate portfolio 39.3% 39.3% 4.3% 4.7% 41.2% Share of retail portfolio 6.5% 6.5% 59.5% 59.1% 58.6% Share of FX based items Total claims 75.5% 74.% 71.6% 7.% 68.3% Corporate 72.1% 7.4% 68.4% 67.3% 64.7% Retail 77.8% 76.5% 73.9% 72.% 7.9% FX-adjusted growth (yoy) Total claims -21.4% -27.% -24.4% -23.% -19.1% Corporate -14.7% -21.6% -16.9% -16.5% -15.7% Retail -25.3% -3.1% -28.9% -26.8% -21.3% Table A25 Property financing Claims from property financing (net, HUF Bn) Share of corporate portfolio 43.9% 44.5% 43.4% 43.% 41.7% Share of retail portfolio 52.9% 5.1% 5.1% 5.% 51.% Other 3.2% 5.5% 6.5% 7.% 7.3% Share of FX based items Total claims 81.3% 78.4% 76.1% 74.7% 73.8% Corporate 81.6% 8.4% 75.1% 74.1% 73.5% Retail 85.1% 79.7% 79.5% 78.% 76.9% Other 15.5% 49.4% 56.5% 53.8% 53.9% FX-adjusted growth (yoy) Total claims -.9% -.1% 5.4%.3% -.1% Corporate -14.3% -11.8% -5.4% -3.6% -5.4% Retail 13.2% 5.8% 8.5% -3.7% -2.9% Other 8.5% -4.8% 3.9% -7.2% -.5% Hungarian Financial Supervisory Authority Annex - 98

27 June 213 Risk report Table A26 Profitability of financial enterprises (rolling 12-month data, HUF Bn) Net interest income Securities income Net commission and fee income Net profit/loss on financial transactions Operating costs Depreciation Changes in value adjustment and risk provision Profit/loss on other business activities Profit/loss on ordinary activities ( ) Extraordinary profit/loss Pre-tax profit/loss (9+1) Tax payable After-tax profit/loss (11-12) Balance sheet profit/loss Table A27 Financial enterprises by activity and ownership (December 212) Foreign Group Hungarian Bank Holding Group Other Hungarian Group Independent Nr. of institutions Share Growth (yoy) Total Balance sheet total 24.8% 57.6% 1.3% 7.3% 2,146 Bn HUF Claims on Clients (net) 25.5% 58.% 1.% 6.5% 1,827 Bn HUF Leasing 27.5% 7.% 2.2%.3% 641 Bn HUF Loans 28.6% 46.% 16.5% 8.8% 929 Bn HUF Factoring 11.8% 58.6% 7.2% 22.3% 86 Bn HUF Work out 7.4% 78.8% 5.2% 8.7% 17 Bn HUF Other.% 9.8% 12.9% 77.3% 1 Bn HUF Shareholders equity 21.2% 49.5% 6.9% 22.5% 183 Bn HUF Balance Sheet total -2.% -18.3% -5.2% 23.4% -9.7% Claims on Clients -23.% -18.8% -6.4% 19.9% -11.3% Table A28 Return on Assets (ROA) and Return on Equity (ROE) by primary activity ROA ROE Leasing -4.1% -1.8% -42.2% -73.% Loans -1.9% -1.5% -44.7% -24.8% Leasing and loans -2.% -3.7% -1.4% % Factoring 5.1% 7% 27.4% 27.2% Work out factoring -7.% -1.% -83.2% -7.3% Composite 3.3% 2.6% 7.9% 1.4% Hungarian Financial Supervisory Authority Annex - 99

28 June 213 Risk report G Insurers Chart A81 Ratio of the 5 highest insurer s premium to the total premium Chart A82 Insurers per contract Life Non-life 9% 85% 8% 75% 7% 65% 6% 55% 5% Q4 25 Q4 26 Q4 27Q4 28Q4 29 Q4 21 Q4 211Q4 212 Traditional reg. prem. Traditional sing. prem. UL reg. premium UL singular premium Q4 25 Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Chart A83 Expiry rate Chart A84 Surrender rate 14% Traditional reg. prem. UL reg. premium Traditional sing. prem. UL singular premium 4% Traditional reg. prem. UL reg. premium Traditional sing. prem. UL singular premium 12% 1% 3% 8% 6% 2% 4% 2% 1% % Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: Compared to the number of contract at the beginning of the year % Q4 25 Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: Compared to the number of contract at the beginning of the year Chart A85 Sum of annualised premiums (HUF Bn) Chart A86 Average annualised premium (HUF ) Death Endowment Term fix 2 Unit linked Other Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Death Endowment Term fix Unit linked Other Hungarian Financial Supervisory Authority Annex - 1

29 June 213 Risk report Chart A87 Number of contract and quadratic trend ( Pc) Chart A88 Average annualised premium (4 quarterly averages, HUF ) Total non-life MTPL (rsc.) Polinom. (Total non-life) Polinom. (MTPL (rsc.)) Q4 25 Q3 27 Q2 29 Q1 211 Q4 212 MTPL Motor Acc. & Health Property Other Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Chart A89 Balance of passive reinsurance Chart A9 Changes in passive reinsurance structure 1 Proportional (HUF mn) Non-prop. (HUF mn) Proportional (%) Non-prop. (%) 1% 35% Ratio of non-proportional reinsurance Ratio of facultative reinsurance 8 8% 3% % 4% 2% 25% 2% 15% 1% % 5% -2-2% Q4 24 Q4 26 Q4 28 Q4 21 Q4 212 Note: In point of view of reinsurers, that means such an amount of losses for the direct insurers in % of the ceded premium, quarterly data. % Q4 24 Q4 26 Q4 28 Q4 21 Q4 212 Note: Quarterly data. Chart A91 Capital adequacy life (HUF Bn) Chart A92 Capital adequacy non-life (HUF Bn) 12 Capital requirement Solv. ratio (rsc.) Solv. capital 24% 12 Capital requirement Solv. ratio (rsc.) Solv. capital 24% 1 2% 1 2% 8 16% 8 16% 6 12% 6 12% 4 8% 4 8% 2 4% 2 4% Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 % Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 % Note: Capital requirement = minimal capital requirement. Note: Capital requirement = minimal capital requirement. Hungarian Financial Supervisory Authority Annex - 11

30 June 213 Risk report Chart A93 Decomposition of change of UL reserve (HUF Bn) Chart A94 Capital requirement of UL contracts (HUF Bn) 1 Yield UL cash-flows Ratio of garanteed funds (rsc.) 25% 7 Investment risk Death risk Expence risk UL reserve (rsc.) % 15% 1% 5% % Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: UL cash flow = change of UL reserve according to the balance of the cash in- and outflows. Quarterly data. Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Chart A95 Minimal capital requirement and its reason in non-life business (HUF Bn) Chart A96 Distribution of automobiles 7 6 Min. cap. requirement Second result First result Premium (rsc.) Opel Suzuki VW Ford Renault Fiat Toyota Peugeot O. Western Skoda Lada O. Eastern Other Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: Premium = sum of the written premiums of the previous consecutive quarter. 22 % 2% 4% 6% 8% 1% Chart A97 MTPL risks ( pc) Chart A98 Change of MTPL risks (1999=1%) Number of accidents with personal injury Number of injured persons Number of MTPL claims (rsc.) % 12% 1% 8% 6% 4% 2% % Number of accidents with personal injury Number of injured persons Number of MTPL claims (rsc.) Number of MTPL claims: occurred and reported in the current year., HFSA Number of MTPL claims: occurred and reported in the current year., HFSA Hungarian Financial Supervisory Authority Annex - 12

31 June 213 Risk report Chart A99 Assets behind life mathematical reserve (HUF Bn) Chart A1 Short asset portfolio (HUF Bn) Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Chart A11 Book value of yields of Hungarian government securities 6% 5% 4% 3% 2% 1% % -1% -2% Note: Yield of UL assets is market consistent. Quarterly data. Chart A13 Life reserves (HUF Bn) Hung. gov. securities Mortage bonds Deposits Life math. reserves Other Corp. bonds Investment notes Other Non-life reserves UL reserves* 2% 15% 1% -5% -3% -1% Q2 26 Q2 27 Q2 28 Q2 29 Q2 21 Q2 211 Q Mathematical UL Other 5% % Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Hung. gov. securities Corp. bonds Mortage bonds Investment notes 1 Deposits Other Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: Total assets excluding UL assets and assets behind life math. reserve. Chart A12 Quarterly yield of UL assets Total Hung. gov. securities Corp. bonds Investment notes 15% 1% 5% % -5% -1% -15% -2% Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: Quarterly data. Chart A14 Non-life reserves (HUF Bn) Mathematical Outstanding UPR* Other Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 *Unearned premium reserve. Hungarian Financial Supervisory Authority Annex - 13

32 June 213 Risk report Chart A15 Life expense ratios 3% 25% 2% 15% 1% 5% Commission Admin. exp. % Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: According to 4 quarterly averages Other acqu. cost Other exp. Chart A16 Non-life expense ratios 45% 4% 35% 3% 25% 2% 15% 1% 5% Commission Admin. exp. % Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Note: According to 4 quarterly averages Other acqu. cost Other exp. Table A29 Main non-life property insurance segments number of contracts & average premium Housing pc Enterprise pc General liability pc Housing avg. premium (HUF ) Enterprise avg. premium (HUF ) General liability avg. premium (HUF ) Table A3 Claim ratio of the main non-life property insurance segments Housing - premium Housing - claim Enterprise - premium Enterprise - claim General liability - premium General liability - claim Housing claim ratio 34% 35% 36% 37% 66% 4% 37% Enterprise - claim ratio 32% 41% 47% 4% 65% 41% 33% General liability - claim ratio 21% 22% 22% 24% 26% 28% 22% Table A31 Difference between book value and market value (HUF Bn) Note: UL assets excluded. Book value Market value Silent reserve 211Q4 212Q1 212Q2 212Q3 211Q4 212Q1 212Q2 212Q3 211Q4 212Q1 212Q2 212Q3 Total assets Bonds Gov. securities Shares Investment notes Deposits Hungarian Financial Supervisory Authority Annex - 14

33 June 213 Risk report H Investment service providers Chart A17 P/L on investment services and trading activities of banks (6-months rolling, HUF Bn) Chart A19 Composition revenues on investment services of banks (6-months rolling, HUF Bn) Proprietary trading Investment services (excluding proprietary trading) Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Chart A18 Composition of P/L on investment services of banks (6-months rolling, HUF Bn) Chart A11 Composition expenditures on investment services of banks (6-months rolling, HUF Bn) Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Chart A111 P/L on investment services and trading activities of banks branch offices (6- months rolling, HUF Bn) Proprietary trading Investment services (excluding proprietary trading) Chart A112 Composition of P/L on investment services of banks branch offices (6- months rolling, HUF Bn) 3, 2,5 2, 1,5 1,,5, Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Hungarian Financial Supervisory Authority Annex - 15

34 June 213 Risk report Chart A113 Composition revenues on investment services of banks branch offices (6- months rolling, HUF Bn) 3,5 3, 2,5 2, 1,5 1,,5, Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Chart A114 Composition expenditures on investment services of banks branch offices (6- months rolling, HUF Bn) 1,,8,6,4,2, -, Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Chart A115 P/L on investment services and trading activities of investment companies (6- months rolling, HUF Bn) Proprietary trading Investment services (excluding proprietary trading) Chart A116 Composition of P/L on investment services of investment companies (6- months rolling, HUF Bn) Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Chart A117 Composition revenues on investment services of investment companies (6- months rolling, HUF Bn) Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions Chart A118 Composition expenditures on investment services of investment companies (6- months rolling, HUF Bn) Custodian services, portfolio management Management and underwriting of newly issued securities Other investment service activities Consignment transactions 4,5 4, 3,5 3, 2,5 2, 1,5 1,,5, Hungarian Financial Supervisory Authority Annex - 16

35 June 213 Risk report Chart A119 Managed client assets at face and market value (HUF Bn) Chart A12 Client assets of investment service providers (HUF Bn) 25 Total, market value minus face value Total, face value B 25 Banks Banks' Branch Offices Investment companies Chart A121 Investment service providers' client accounts and client orders Chart A122 Investment companies' client orders per account Number of client orders (') Number of client accounts (') Q4 21 Q2 211 Q4 211 Q2 212 Q , 3,5 3, 2,5 2, 1,5 1,,5, Total Credit institutions and branch offices Investment companies Q4 21 Q2 211 Q4 211 Q2 212 Q4 212 Chart A123 Investment service providers' market concentration (4 quarter rolling averages of HH indices) Chart A124 Investment companies' market concentration (4 quarter rolling averages of HH indices),25,2,15,1,5, ,4,35,3,25,2,15,1,5, Hungarian Financial Supervisory Authority Annex - 17

36 June 213 Risk report Chart A125 Liquidity position of investment companies* 1,6 1,4 1,2 1,,8,6,4,2, Note: definitions in the related table below, *based on 12-months averages Chart A127 Investment companies and branch offices ROE and ROA B 5% 45% 4% 35% 3% 25% 2% 15% 1% 5% % Short-term liquidity ratio I Acid test ratio ROE (left scale) ROA (right scale) Short-term liquidity ratio II Note: 12-havi gördülő átlagos saját tőkére/eszközökre vetített 12- havi adózott eredmény 8% 7% 6% 5% 4% 3% 2% 1% % Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q4 212 Chart A126 Other selected financial indicators of investment companies Note: definitions in the related table below, *based on 12-months averages Chart A128 P/L of investment service providing activities of investment companies(huf Bn) Note: 4-quarter rolling Asset coverage ratio Net indebtedness ratio Indebtedness ratio Profit on investment service provision (rolling, After tax profit (rolling, right) Q4 26 Q4 27 Q4 28 Q4 29 Q4 21 Q4 211 Q Chart A129 Investment companies' capital requirement by main risks Credit, counterparty, attenuation risk Settlement risk Position, foreign exchange and commodity risk Operational risk Other capital requirement *from inside to outside quarterly data ; adjusted by one significant actors data changes. Hungarian Financial Supervisory Authority Annex - 18

37 June 213 Risk report Table A32 Population of investment service providers Investment Companies Branch Offices of Foreign Investment Companies Banks Brach Offices of Foreign Banks Total Note: Institutions permitted to provide investment services at the end of the period. Table A33 Investment companies' assets and liabilities (at the end of period, HUF Bn) * TOTAL ASSETS Working assets Cash and cash equivalents Securities Receivables Invested assets Prepayments TOTAL LIABILITIES Liabilities Short term liabilities Long term liabilities Accrued items Provisions Shareholders' equity *Not audited data Table A34 Investment companies' main financial indicators Indicator* * Liquidity Ratio Short-term Liquidity I Short-term Liquidity II Acid Test Ratio Asset Coverage Indebtedness Net Indebtedness * indicators calculated based on 12-month chronological averages of balance sheet and profit/loss account items, 1 Working assets / Liabilities, 2 Working assets / Short term liabilities, 3 ( Cash assets + Securities ) / Short term liabilities, 4 Cash assets / Short term liabilities, 5 Assets / Equity, 6 Liabilities / Equity, 7 ( Liabilities - Receivables ) / Equity Hungarian Financial Supervisory Authority Annex - 19

38 June 213 Risk report Table A35 Investment companies' profit and loss account (4-quarters rolling, HUF Mn) * Profit from investment service activities Operating expenditures Profit/loss on other business activities Profit/loss on non-trading financial operations Profit/loss on ordinary business activities Extraordinary profit/loss Pre-tax profit After-tax profit ROE** -1.7% 29.1% 3.9% 33.3% 26.2% 21.1% 2.3% 14.4% ROA** -.3% 4.5% 3.7% 5.8% 4.8% 3.7% 3.3% 2.5% *Not audited data, ** 12-month after-tax profit on 12-month avarage equity (ROE) and on 12-month average assets (ROA) Table A36 Investment companies' profit of core activities (4-quarters rolling result, HUF million) * Consignment transactions Proprietary trading Management and underwriting of newly issued securities Custody management, custodian deposit and portfolio management activities Other investment service activities Profit from investment service activities *Not audited data Table A37 Investment companies' costs (4-quarters rolling result, HUF Mn) * Material costs Personal costs Amortisation costs Operation costs *Not audited data Hungarian Financial Supervisory Authority Annex - 11

39 June 213 Risk report Table A38 Investment service providers' P/L on core activities (6-month rolling, HUF Bn) * Consignment transactions Management and underwriting of newly issued securities Custody management, custodian deposit and portfolio management activities Other investment service activities Investment service provision, excluding proprietary trading Proprietary trading* Investment companies and branch offices Consignment transactions Management and underwriting of newly issued securities Custody management, custodian deposit and portfolio management activities Other investment service activities Investment service provision, excluding proprietary trading Proprietary trading Banks Consignment transactions Management and underwriting of newly issued securities Custody management, custodian deposit and portfolio management activities Other investment service activities Investment service provision, excluding proprietary trading Proprietary trading Banks branch offices Consignment transactions Management and underwriting of newly issued securities Custody management, custodian deposit and portfolio management activities Other investment service activities Investment service provision, excluding proprietary trading Proprietary trading ALL SERVICE PROVIDERS *Not audited data Table A39 Investment companies' capital adequacy ROE* -1.7% 29.1% 3.9% 33.3% 26.2% 21.1% 2.3% 14.4% Capital requirement (HUF Mn) Regulatory capital base (HUF Mn) Capital adequacy ratio (CAR) 35% 16% 19% - 3.9% 24.8% 28.% 24.4% Capital adequacy index (CAI) 442% 2% 243% - 387% 39% 35% 35% *12-month after-tax profit on 12-month average equity (ROE), Note: investment companies excluding branch offices of foreign investment companies. For analytical purposes capital adequacy data adjusted by one significant company. Hungarian Financial Supervisory Authority Annex - 111

40 June 213 Risk report Table A4 Investment companies' capital requirement by main risks (HUF Mn) Credit, counterparty, attenuation risk Settlement risk Position, foreign exchange and commodity risk Operational risk Other capital requirement Capital requirement Note: investment companies excluding branch offices of foreign investment companies. For analytical purposes capital adequacy data adjusted by one significant company. Table A41 Profitability and capital position of investment companies by types of institutions * Trading on its own account 32.6% 33.7% 26.9% 21.9% 27.9% 24.8% 24% Not trading on its own account 35.3% 49.% 32.2% 25.1% 3.3% 23.9% 24% All entities 32.8% 34.3% 27.2% 22.1% 28.% 24.7% 24% Investment consultant 44.1% 26.5% 2.2% 23.4% 23.3% 24.1% 113% Capital adequacy ratio (CAR) 32.8% 34.3% 27.1% 22.1% 28.% 24.7% 24.4% Trading on its own account 29.2% 28.4% 25.4% 15.7% 21.2% 21.% 18.% Not trading on its own account 3.6% 9.% -3.4%.2%.2% -12.2% -8.5% All entities 28.% 27.4% 23.9% 14.9% 2.% 19.% 16.3% Investment consultant 19.9% 22.5% 19.5% 32.6% 24.1% 71.4%.8% Return on Equity (ROE)** 26.2% 25.6% 21.1% 12.1% 2.3% 19.4% 14.4% *Not audited data, **12-month after-tax profit on 12-month average equity, Note: investment companies excluding branch offices of foreign investment companies. For analytical purposes capital adequacy data adjusted by one significant company. Table A42 Investment service providers' managed assets (outstanding amounts at the end of period, HUF Bn) Banks Banks' Branch Offices Banks, total Investment companies Total, face value Banks Banks' Branch Offices Banks, total Investment companies Total, market value Banks 1,73 1,49 1,56 1,38 1,37 1,42 Banks' Branch Offices 1,44 1,41 1,43 1,28 1,35 1,42 Banks, total 1,67 1,47 1,53 1,35 1,37 1,42 Investment companies 1,62 1,64 1,59 1,54 1,46 1,47 Total, market/face value 1,67 1,48 1,54 1,36 1,37 1,43 Hungarian Financial Supervisory Authority Annex - 112

41 June 213 Risk report Table A43 Investment service providers' managed client assets, by clients (at period end, HUB Bn) Banks Resident Non-institutional Institutional Pension and healthcare funds Insurers Investment funds Other Non-resident Banks' branch offices Resident Non-institutional Institutional Pension and healthcare funds Insurers Investment funds Other Non-resident Investment companies and 'branch offices Resident Non-institutional Institutional Pension and healthcare funds Insurers Investment funds Other Non-resident Investment service providers, total Resident Non-institutional Institutional Pension and healthcare funds Insurers Investment funds Other Non-resident Hungarian Financial Supervisory Authority Annex - 113

42 June 213 Risk report Table A44 Investment service providers' managed client assets, by asset types (at period end, HUB Bn) Banks Government bonds Other bonds Stocks Investment funds Other securities Banks' branch offices Government bonds Other bonds Stocks Investment funds Other securities Investment companies and 'branch offices Government bonds Other bonds Stocks Investment funds Other securities Investment service providers, total Government bonds Other bonds Stocks Investment funds Other securities Table A45 Investment service providers' managed assets, by denomination (at period end, HUB Bn) Banks Forint Foreign currency Banks' branch offices Forint Foreign currency Investment companies and 'branch offices Forint Foreign currency Investment service providers, total Forint Foreign currency Hungarian Financial Supervisory Authority Annex - 114

43 June 213 Risk report Table A46 Investment companies' client orders and accounts (quarterly) Investment Companies Q3 211 Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 Number of client accounts (') Number of client orders (') Orders per client Banks Providing Investment Services Number of client accounts (') Number of client orders (') Orders per client Total, investment service providers Number of client accounts (') Number of client orders (') Orders per client Table A47 Investment service providers' trading volume (4-quarter rolling volume, HUF Bn) Q4 21 Q1 211 Q2 211 Q3 211 Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 Banks Banks' Branch Offices Investment companies Total trading for clients Banks Banks' Branch Offices Investment companies Total proprietary trading Banks Banks' Branch Offices Investment companies Total Table A48 Investment service providers' securities turnover (4-quarter rolling volume, HUF Bn) Q4 21 Q1 211 Q2 211 Q3 211 Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 Banks Equities Government bonds Other bonds Other securities Banks' Branch Offices* Equities Government bonds Other bonds Other securities Investment companies** Equities Government bonds Other bonds Other securities Service providers, all Equities Government bonds Other bonds Other securities Hungarian Financial Supervisory Authority Annex - 115

44 June 213 Risk report Table A49 Investment service providers' derivatives turnover (4-quarter rolling volume, HUF Bn) 21Q4 211Q1 211Q2 211Q3 211Q4 212Q1 212Q2 212Q3 212Q4 Banks Forward/Futures Options Swaps Banks' Branch Offices Forward/Futures Options Swaps Investment companies Forward/Futures Options Swaps Service providers, all Forward/Futures Options Swaps Table A5 Market concentration of investment service providers (Hirschmann-Herfindahl indices) Assets* Equity* Client Accounts** Investment Companies* Banks*** Client Orders** Investment Companies* Banks*** Client Assets** Investment Companies* Banks*** Q4 21 Q1 211 Q2 211 Q3 211 Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 Total Turnover** Investment Companies* Banks*** Own accounts' Turnover** Investment Companies* Banks*** On client accounts' Turnover** Investment Companies* Banks*** Securities Turnover** Investment Companies* Banks*** Derivatives Turnover** Investment Companies* Banks*** *investment companies and branch offices of foreign investment companies, **credit institutions and branch offices of foreign credit institutions providing investment services and investment companies including branch offices of foreign investment companies, ***credit institutions and branch offices of foreign credit institutions providing investment services Hungarian Financial Supervisory Authority Annex - 116

45 June 213 Risk report I Fund managers, investment funds Chart A13 Number of investment funds Non-public Publicly offered Chart A131 Concentration of fund managers and activities 1% 95% 9% 85% 8% 75% 7% 65% fund management (top 5) fund management (top 1) portfolio management (top 5) portfolio management (top 1) 6% Table A51 Assets managed by publicly offered investment funds by groups of investment policies (HUF Bn) Liquidity Money market Short bond Long bond Bond weighted balanced Balanced Equity weighted Equity Guaranteed Derivative Property development Property vendor Other Total Table A52 Managed assets of offered investment funds by main groups assets (HUF Bn) Cash and deposit Government securities Corporate bonds Mortgage bonds Shares Investment units Derivatives Real estate Other Net asset value (total) Hungarian Financial Supervisory Authority Annex - 117