1. UniBanka Jiří Kunert - CEO 2nd UCI INVESTOR DAY Focus on New Europe
London, December 5th, 2002

2. AGENDA Slovakia: Key Highlights UniBanka: Key Figures
Key projects and strategies
Zivnostenska Banka

3. THE ECONOMIC PORTRAIT OF SLOVAKIA
Year 2001
Slovakia
Slovakia: an OECD member and has been invited to join NATO and EU in 2004
Political stability has been achieved, with a market-friendly and stable government
Population, mln
5.4
Per Capita GDP, Eur
4,133
Growing profitability of corporate sector driven by advancements in restructuring and by higher inflow of FDI
Low per capita income reflecting low labour costs
Highly open economy dependent on international development
Inflation rate, %
7.1
Ref. interest rate, %
7.6
S&P country rating
BBB-
Investments and exports are the main drivers of growth
2002E
2003E
2004E
Historically low inflation achieved through control of administrated prices, with liberalisation expected starting from 2003
Real GDP growth, %
3.9
4.1
3.8
Inflation rate, %
3.4
8.4
5.9
Interest rates are decreasing to withstand appreciation of the currency
Ref. interest rate
7.7
6.3
6.0
Source: UniBanka estimates

4. Branches per mln inhabitants (Loans+Deposits)/GDP
BANKING SECTOR IN SLOVAKIA SHOWS SIGNIFICANT IMPROVEMENTS AFTER RESTRUCTURING AND PRIVATISATION
Branches per mln inhabitants
(Loans+Deposits)/GDP
Relatively high level of banking penetration (almost 95%) compared to CEE region
203%
580
Over 90% of banking sector controlled by foreign banking groups
103%
192
High concentration – TOP 3 banks having over 50% of assets and 60% of sector deposits EU EU
Slovakia
Slovakia
Loans growth revival after period of credit-crunch in 98-00
2001
2002E
2003E
2004E
High deposits growth partially distorted due to privatisation proceeds inflow
Loans growth, %*
8.6
9.6
9.3
9.8
Deposits growth, %
11.3
10.9
12.4
13.0
External interest rates highly dependent on central bank policy
Rate on Loans(1), %
9.8
9.1
8.1
7.4
Rate on Dep.(1), %
4.8
4.1
3.3
3.0
Slimming of margins reflecting high competition on loans market
Spread (1), %
5.0
5.0
4.8
4.4
(1) End-of-period average Banking System data; growth calculated in local currency, * net of restructuring process
Source: UniBanka estimates

5. AGENDA Slovakia: Key Highlights UniBanka: Key Figures
Key projects and strategies
Zivnostenska Banka

6. UNIBANKA: THE MID-SIZED BANK IN SLOVAKIA
Euro mln, consolid. figures as at Sep 02, IAS
Total Assets
Deposits
Loans
Deposits/loans %
Total Revenues 30.5
Net Income
10 Branches
52 Sub-branches
Branches 62
Employees 921
Customers 109,000
o/w retail+SME 104,000
o/w corporate 5,000
Cost/income 67.6%
ROE %
Deposits Mkt Share 3.3%
Loans Mkt Share 5.9%
UniBanka is the 4th bank in Slovakia as for distribution, offering a high growth potential especially in SMEs, Affluent and Private segments
Strong position in corporate funding with 8% market share
Variety of highly competitive products’ offer for both retail and corporate segments

7. 9M02 UNIBANKA RESULTS: IMPROVING NET INCOME (+16
9M02 UNIBANKA RESULTS: IMPROVING NET INCOME (+16.4%Y/Y) THANKS TO GOOD REVENUES WELL COUNTERBALANCING RISING COSTS
(Euro mln, IAS)
Net Interest Income
19.5%
Total Revenues*
21.9
Very good increase of Net Income y/y (+16.4%) thanks to a 7.1% rise in total revenues driven by a substantial growth of NII (+19.5%) mainly due to increased volumes (loans +23%; deposits +14.2%) and tax optimisation.
NII’s growth impacted by introduction of swaps/FRAs.
Other operating income decreased due to lower contribution of FX income
7.1%
18.3
30.5
28.5
9M01
9M02
9M01
9M02
Net Income
Net Commissions and Fee Income
Operating Costs
15.8%
1.3%
16.4%
20.6
17.8
4.7
4.8
3.1
3.5
Operating costs +15.8% y/y highly impacted by:
one-off re-branding costs (approx. Euro 1.2 mln)
investments into expansion network project
increasing deposit insurance fund fees (from 0.25% to 0.75%)
growth engineering project costs
9M01
9M02
9M01
9M02
9M01
9M02
Loan loss prov.
Other Operating Income
10.3%
5.9
-30%
5.4
5.4
3.8
9M01
9M02
9M01
9M02
* Including extraordinary items

8. GOOD MARKET SHARE IN LOANS AMONG MID-SIZED PLAYERS
Total Assets
23.8%
19.7%
8.9%
15.1%
Net Loans
26.4%
21.2%
Deposits
Erste Bank
IntesaBCI
Slovenská sporiteľňa
Všeobecná úverová banka
Major Shareholders
12.3%
12.6%
Reiffeisen ZB
Tatrabanka
7.6%
4.1%
KBC
ČSOB
3.6%
6.6%
2.7%
Bank Austria AG
HVB Slovakia
3.7%
5.4%
3.4%
UniCredito
Italiano
UniBanka
2001
2002

9. ASSET QUALITY UNDER CONTROL WITH CAUTIOUS COVERAGE RATIOS
Doubtful* and NPLs** as % of Total Net Loans
Coverage ratios
81.4%
77.9%
77.9%
76.0%
6.7%
5.3%
5.7%
5.1%
2001
9M02
2001
9M02
Net Doubtful/
Total Net Loans
Net NPLs/ Total Net Loans
On Gross Doubtful Loans
On Gross NPLs
Careful lending policy focusing on state controlled entities (relying on state guarantees, e.g.: Railways, Electricity provider, etc.) and low risk profile foreign companies
Selective lending with conservative risk assessment
Enhancing scoring and monitoring systems
Dec. 2001
9M 2002
% ch. on Dec.’01
(Euro mln)
Net DOUBTFUL LOANS
22.7
22.4
-1.2%
Net NPLs
17.8
20.1
12.9%
* Doubtful Loans = doubtful, substandard and loss loans
** NPLs = loss loans

10. AGENDA Slovakia: Key Highlights UniBanka: Key Figures
Key projects and strategies
Zivnostenska Banka

11. KEY STRATEGIC PROJECTS
Growth Project Engineering
Human resources dept. and commercial divisions working together to identify and hire highly talented staff to be trained to develop the selling activity
Network Restructuring and Expansion
Introduction of new business divisional model for branch management (with directors for retail and corporate)
Expansion of network: opening of 17 new outlets and a call centre in 2002, additional 8 new outlets and 3 private centres in 2003
Focus on Strategic Segments
Retail: Affluent, Private and SMEs as drivers of future growth (development of new service models and products)
Corporate: Focus on mid sized companies
New MIS Project (Management Information System)
To support improvement of business profitability and risk management
ALM, Profitability and Credit Risk reporting available in the first months of 2003

12. AGENDA Slovakia: Key Highlights UniBanka: Key Figures
Key projects and strategies
Zivnostenska Banka

13. THE ECONOMIC PORTRAIT OF THE CZECH REPUBLIC
Czech Republic: growing open economy benefiting from historically developed industrial base and good location in the heart of Europe close to Germany
Year 2001
Population, mln
10.3
Per Capita GDP, Euro
6,147
Uninterrupted strong flows of FDI supported by a stable and strengthening local currency
Inflation rate, %
4.7
Ongoing restructuring of the economy driven by private sector and tough competition on export markets
Ref. interest rate, %
5.2
S&P country rating A-
Stable unemployment
GDP growth strongly dependent on German/European economy performance
2002E
2003E
2004E
Flat/falling rate of inflation
Real GDP growth, %
2.5
3.7
4.0
Low level of interest rates (25–50 bp below Euro area) boosting:
- consumer demand
- housing construction
- corporate borrowing
Inflation rate, %
1.9
2.0
2.8
Ref. interest rate
2.8
3.5
4.0
Source: Zivnostenska Banka estimates

14. ZIVNOSTENSKA BANKA: A FURTHER STEP IN UCI’S PRESENCE IN NEW EUROPE
UCI SIGNED AN AGREEMENT FOR THE
ACQUISITION OF 85.16% OF ZIVNOSTENSKA BANKA
8th Czech Bank ranked on total assets (market share of 2.8%), with a leading position in the affluent and private banking segments
Euro mln
Dec 2001
Total Assets
1,661
Distribution network: 8 branches and 19 agencies located in all the major towns of the country
Customer Loans
700
800 employees, 85,000 retail customers and 2,000 corporate clients
Deposits
1,235
Shareholders Equity 86
Price: 174 mln Euro
Excellent asset quality (NPL/Gross loans at 2%)
Total Revenues 33
Net Income
4.5
Close of the deal expected by end 2002 (subject to authorizations)

15. Annexes

16. UNIBANKA 9M02 CONSOLIDATED INCOME STATEMENT (Euro mln, IAS)
Ch. %
Sept. 02/
Sept. 01
Dec. 00
Dec. 01
Ch. % 2001/2000
Sep. 01
Sept. 02
Interest margin (incl. div.)
22.38
24.36
8.85
18.30
21.87
19.53
Net non interest income
13.99
13.56
-3.06
10.19
8.63
-15.34
Total revenues
36.36
37.92
4.27
28.49
30.50
7.06
Operating costs (incl. dep.)
24.82
23.49
-5.35
17.82
20.63
15.78
- of which: Staff costs
9.98
9.76
-2.17
7.34
7.94
8.22
Net operating income
11.54
14.42
24.95
10.67
9.87
-7.51
Net loan loss provisions
35.44
8.16
-76.97
5.36
5.91
10.30
Other provisions
Extraordinary income/loss
Pre-tax profit/loss
-23.89
6.26
126.20
5.31
3.96
-25.47
Taxes (1)
2.24
2.72
21.61
2.27
0.41
-81.71
Net income
-26.13
3.54
113.54
3.05
3.54
16.40
Minorities
Net attributable income
-26.13
3.54
113.54
3.05
3.54
16.40
(1) Statutory tax rate for legal entities: 25% (29% until the end of 2000)

17. 9M02 CONSOLIDATED BALANCE SHEET
UNIBANKA
9M02 CONSOLIDATED BALANCE SHEET
Ch. %
Sept. 02/
Sept. 01
Ch. %
Sept. 02/
Dec. 01
(Euro mln, IAS)
Sept. 01
Dec. 01
Sept. 02
Cash and deposits with Central Banks
109.23
213.89
71.88
-34.19
-66.39
Loans due from:
323.03
336.81
397.29
22.99
-100.0
- Customers
ASSETS - -
- Banks
Trading Securities
215.58
124.18
273.22
26.73
120.02
Fixed assets
23.9
24.6
25.45
6.5
3.44
Other assets
3.21
7.22
4.76
48.16
-34.06
674.96
TOTAL ASSETS AND LIABILITIES
706.71
772.61
14.47
9.32
Deposits:
520.7
555.19
594.66
14.20
7.11
- Due to Customers
18.8
18.8
18.8
- Securities in issue
79.15
79.73
100.12
26.49
25.57
- Due to Banks
Reserve fund for possible loan losses
LIABILITIES
Specific reserves
Other liabilities
14.69
11.65
14.04
-4.42
20.50
Subordinated debt
Minority interest
Shareholders’ equity
41.62
41.33
44.99
8.09
8.85