2010

Godišnji izvještaj

Annual Report

Union banka d.d. Sarajevo

Union banka d.d. Sarajevo

UVODNA RIJEČ DIREKTORA IZVJEŠTAJ VANJSKOG REVIZORA - Izvještaj revizora - Bilans uspjeha - Bilans stanja - Izvještaj o novčanom toku ORGANI UPRAVLJANJA BANKOM

ZAPOSLENI

ORGANIZACIONA ŠEMA

OSNOVNI POKAZATELJI AKTIVA - Likvidna sredstva - Kreditni plasmani - Nekretnine i oprema

OBAVEZE I KAPITAL - Kapital - Obaveze Banke ROČNA STRUKTURA AKTIVE I PASIVE FINANSIJSKI REZULTAT CENTRALA I POSLOVNE JEDINICE

6

8 8

12 14 16

18

18

20

22

24 24 26 26

28 28 28

30

32

34

SADRŽAJ

2

DIRECTOR'S STATEMENT EXTERNAL AUDITOR'S REPORT - - Income Statement - Balance Sheet - Cash Flow Statement MANAGING BODIES OF THE BANK

EMPLOYEES

ORGANIZATION CHART

KEY INDICATORS ASSETS - Liquid assets - Credit placements - Property and equipment

LIABILITIES AND EQUITY - Equity - The Bank's liabilities TERM-STRUCTURE OF ASSETS AND LIABILITIES FINANCIAL RESULTS HEAD OFFICE AND BUSINESS UNITS

Auditor's Report

CONTENTS

3

7

9 9

13 15 17

19

19

21

23

25 25 27 27

29 29 29

31

33

35

Poštovani dioničari i poslovni partneri,

Zadovoljstvo mi je saopštiti da je Union banka d.d. Sarajevo

zadržala trend stabilnog poslovanja i tokom 2010. godine.

Negativni efekti globalne ekonomske i finansijske krize

odrazili su se i na poslovanje banaka, što je rezultat

prenošenja krize s realnog na bankarski sektor. Negativni

efekti su se najviše odrazili na ključnu djelatnost banaka tj.

segment kreditnog poslovanja. Smanjenje kreditnih

aktivnosti, pad kvaliteta kreditnog portfolia, te porast loših

plasmana su imali negativnog uticaja na profitabilnost

banaka.

I pored toga što je poslovala u uslovima snažne

konkurencije, Banka je uspjela ostvariti zadovoljavajuće

rezultate i zadržati povjerenje svojih klijenata. Ulaskom u

program osiguranja depozita od 01. februara 2010. godine

kod Agencije za osiguranje depozita Bosne i Hercegovine,

stvorile su se pretpostavke za dalji razvoj i ravnopravno

učešće Banke na bankarskom tržištu. U protekloj godini

zabilježeno je povećanje bilansne sume kroz porast

depozita pravnih i fizičkih lica. Likvidnost Banke, ročna i

devizna struktura izvora i plasmana su takođe održavani na

zadovoljavajućem nivou.

U nastojanju da svojim klijentima ponudi što kvalitetnije

usluge, poduzimane su aktivnosti na uvođenju novih

proizvoda. Poslujući u skladu sa usvojenom poslovnom

politikom, Banka je posebnu pažnju posvetila praćenju i

provođenju adekvatnih mjera u cilju efikasnog upravljanja

svim bankovnim rizicima.

Izražavam iskrenu zahvalnost cijenjenim klijentima i svim

poslovnim partnerima, koji poslujući sa Bankom daju

značajan doprinos ukupnom poslovanju Banke i realizaciji

zajedničkih ciljeva.DIREKTOR

Esad Bektešević, dipl. ecc.

UVODNA RIJEČ DIREKTORA

6

Dear Shareholders and Business Partners,

It is my pleasure to inform you that during 2010 Union

banka d.d. Sarajevo kept its stability trend. The negative

effects of the global financial and economic crisis had also

impact on the operations of the banks, because the crisis

spreading from the real to the banking sector. The negative

effects had most influence on the key activities of the banks,

i.e. credit operations segment. The decline in the credit

activities, decrease of the credit portfolio quality and the

increase of bad investments, negatively affected the

profitability of the banks.

Despite a strong and respectable competitive environment

in which the Bank performed its operations, the Bank

succeeded to achieve satisfactory results and kept the

confidence of its clients. The admission into deposit

insurance program with the Agency for deposit insurance of

Bosnia and Herzegovina as of February 1, 2010, provided

the Bank the opportunity for an equal banking market

participation and further development. During the last year

the Bank achieved a growth of the total balance as a result of

the increase in deposits of individuals and legal entities. The

liquidity of the Bank, the term and currency structure of

resources and investments, maintained at satisfactory level.

In order to offer the clients higher quality services, the Bank

performed additional activities for introducing new

products. The Bank continues to perform its operations in

compliance with the approved business policy focussing a

special attention on monitoring and applying adequate

measures to ensure an efficient management of all bank

risks.

Hereby I wish to extend my sincere thanks to all our

respectable clients and business partners. By doing business

with the Bank, they all provide a great contribution to the

entire business activities of the Bank and thereby to the

realization of joint goals. DIRECTOR

Esad Bektešević, B.S.Ec.

DIRECTOR'S STATEMENT

7

8

9

10

11

(svi iznosi izraženi su u hiljadama KM) 2010. 2009.

Prihodi od kamata i slični prihodi Rashodi od kamata i slični rashodi

Neto prihod od kamata

Neto prihod od naknada i provizija

Ukupni prihod neto

Dobit prije oporezivanja

Neto dobit za godinu

Prihodi od naknada i provizija

Neto kursne razlike

Rashodi redovnog poslovanja

Porez na dobit za plaćanje

Zarada po dionici (u KM)

Rashodi od naknada i provizija

Ostali prihodi iz redovnog poslovanja

Povećanje rezerviranja odnosno ispravka vrijednosti

2.563

5

(9.815)

(95)

0,30

(188)

5.618

(1.833)

2.735

(10)

(10.719)

(201)

0,67

(344)

11.298

(5.407)

4.263

2.375

12.261

613

518

3.803

2.391

17.492

1.356

1.155

6.956(2.693)

6.549(2.746)

BILANS USPJEHA ZA GODINU KOJA JE ZAVRŠILA 31. DECEMBRA 2010.

12

(all amounts are expressed in thousands of KM) 2010 2009

Interest and similar income Interest expense and similar charges

Net interest income

Net fee and commission income

Operating income

Profit before tax

Profit after tax

Fee and commission incomeFee and commission expense

Net foreign exchange (losses)/gainOther operating income

Operating expensesProvisions for impairment

Income tax expense

Earnings per share (in KM)

2,563

5

(9,815)

(95)

0.30

(188)

5,618

(1,833)

2,735

(10)

(10,719)

(201)

0.67

(344)

11,298

(5,407)

4,263

2,375

12,261

613

518

3,803

2,391

17,492

1,356

1,155

6,956(2,693)

6,549(2,746)

INCOME STATEMENTFOR THE YEAR ENDED 31 DECEMBER 2010

13

(svi iznosi izraženi su u hiljadama KM) 2010. 2009.

Sredstva

Ukupna sredstva

Ukupno obaveze

Kapital

Ukupno obaveze i kapital

Novčana sredstva i računi kod drugih banaka Sredstva kod Centralne banke Kratkoročni plasmani drugim bankama Dugoročni plasmani drugim bankama Zajmovi i avansi klijentima Obračunate kamate i ostala sredstva Finansijska imovina raspoloživa za prodajuV.P. za trgovanje - fin. im. po fer vrijednosti kroz RDGNekretnine i oprema

Obaveze

Potencijalne i preuzete obaveze

Depoziti drugih banaka Obaveze prema depozitarima Obračunate kamate i naknadeOstale obaveze Dospjele vanbilansne obavezeRezervisanja za potencijalne obaveze

Dionički kapital Zadržana dobitRezerve i nenominirani kapital

Ukupno kapital

8.03329.73924.696

-62.844

746716946

19.749

15.861

-96.515

8591.0371.4642.170

9.39451.39024.087

1.27459.177

698708415

20.120

19.739

50113.842

7661.3051.4823.232

147.469

102.045

34.098518

10.808

45.424

147.469

167.263

120.677

34.0981.155

11.333

46.586

167.263

BILANS STANJAZA GODINU KOJA JE ZAVRŠILA 31. DECEMBRA 2010.

14

(all amounts are expressed in thousands of KM) 2010 2009

Assets

Total assets

Total liabilities

Total liabilities and shareholders' equity

Cash and current accounts with banks Cash with the Central Bank Short-term placements with other banks Long-term placements with other banks Loans and advances to customersAccrued interest and other assets Available for sale financial assetsFinancial assets designated at fair value through P&LProperty and equipment

Liabilities

Contingencies and commitments

Deposits from other banks Amounts owed to other depositors Accrued interestOther liabilities Due off balance sheet liabilitiesProvisions for contingent liabilities

Shareholders equity

Share capital Retained profitsReserves and unnominated capital

Total shareholders' equity

8,03329,73924,696

-62,844

746716946

19,749

15,861

-96,515

8591,0371,4642,170

9,39451,39024,087

1,27459,177

698708415

20,120

19,739

50113,842

7661,3051,4823,232

147,469

102,045

34,098518

10,808

45,424

147,469

167,263

120,677

34,0981,155

11,333

46,586

167,263

BALANCE SHEETFOR THE YEAR ENDED 31 DECEMBER 2010

15

(svi iznosi izraženi su u hiljadama KM) 2010. 2009.

Novčani tok od poslovnih aktivnosti

Neto novčani (odliv)/priliv iz poslovnih aktivnosti

Dobit prije poreza Smanjenje/(povećanje) na obrač. kamatama i ostalim sredstvimaPovećanja/(smanjenje) na obavezama po obračunatim kamatamaPovećanja/(smanjenja) na ostalim obavezamaAmortizacija Neotpisana vrijednost rashodovanih nekretnina i opremeKursne razlike na rezervisanjima za potencijalne obaveze

Neto novčani priliv od trgovačkih aktivnosti

Smanjenje dugoročnih ulaganjaSmanj./Poveć. V.P.za trgovanje - fin.im.po fer vrijednosti kroz RDGNabavka materijalne imovineNeto novčani (odliv) /priliv od investicijskih aktivnosti

Neto novčani tok od financijskih aktivnosti

Nerealizovana dobit od fin. im. raspoložive za prodaju

Neto novčani (odliv) od financijskih aktivnostiNeto povećanje/smanjenje novca i novčanih ekvivalenata

Novac i novčani ekvivalenti 1. januara

Novac i novčani ekvivalenti 31. decembra

Neto povećanje/(smanjenje) depozita drugih banakaNeto povećanje/(smanjenje) obaveza prema drugim depozitarimaDospjele vanbilansne obaveze (garancije pozvane na plaćanje)Neto povećanje dugoročnih plasmana drugim bankamaNeto smanjenje/(povećanje) na zajmovima i avansima klijentimaPlaćeni porez na dobit

613(57)(38)

75928

6364

1.35648

(93)268855

251.062

(21.823)

-(24.661)

(24) -

1.066(95)

(23.714)

1.891

23.108

5017.327

18 (1.274)

3.667(201)

19.587

3.521

8531

(1.251)(712)

77

22.403

62.468

84.871

402(62)

(269)71

(410)(410)

(22.162)

84.630

62.468

IZVJEŠTAJ O NOVČANOM TOKUZA GODINU KOJA JE ZAVRŠILA 31. DECEMBRA 2010.

Neto novčani tok od investicijskih aktivnosti

16

(all amounts are expressed in thousands of KM) 2010 2009

Net cash flows from operating activities

Net cash (outflow)/inflow from operating activities

Profit before taxDecrease/(increase) in accrued interest and other assetsIncrease/(decrease) in accrued interest payableIncrease/(decrease) in other liabilitiesDepreciation Loss on disposal of property and equipmentForeign exchange differences on provisions for contingencies

Net cash inflow from trading activities

Net cash flow from investing activities

Decrease of available for sale financial assetsDecrease/Increase of financial assets designated at fair value through P.&LPurchase of tangible assets

Net cash (outflow)/inflow from investing activities

Net cash flow from financing activities

Revaluation reserves (available for sale financial assets)Net cash (outflow) from financing activitiesNet increase/(decrease) in cash and cash equivalents

Cash and cash equivalents as at 1 January

Cash and cash equivalents as at 31 December

Net increase/(decrease) in deposits from other banksNet increase/(decrease) in amounts owed to other depositorsOff balance sheet liabilities called for paymentNet increase in long-term placements with other banksNet decrease/(increase) in loans and advances to customersProfit tax

613(57)(38)

75928

6364

1,35648

(93)268855

251,062

(21,823)

-(24,661)

(24) -

1,066(95)

(23,714)

1,891

23,108

5017,327

18 (1,274)

3,667(201)

19,587

3,521

8531

(1,251)

(712)

77

22,403

62,468

84,871

402(62)

(269)

71

(410)(410)

(22,162)

84,630

62,468

CASH FLOW STATEMENTFOR THE YEAR ENDED 31 DECEMBER 2010

17

ORGANI UPRAVLJANJA BANKOM

NADZORNI ODBORZADA GABELA TIHOMIR ĆURAKHARIS JAHIĆHASAN DELIĆŽELJKA MARKOVIĆ-SEKULIĆ

ODBOR ZA REVIZIJUMIJO GRGIĆNOVKA AGIĆORHIDEJA JUNUZOVIĆ MIRSAD ČOLIĆ MUNIB OVČINA

INTERNA REVIZIJASABIRA JABLAN

UPRAVA BANKE ESAD BEKTEŠEVIĆMEMNUNA HRUSTANOVIĆALTIJANA ĆARMUJO DRAGOLJ

PredsjednikČlanČlanČlanČlan

Predsjednik

Član Član

Član Član

Interni revizor

DirektorIzvršni direktorIzvršni direktorIzvršni direktor

OPIS

ZAPOSLENI

Visoka stručna sprema

2010. 2009.% %

4 5

74 69

92 88

10 13

180 175

Viša stručna sprema

Srednja sprema

Banka je 31.12.2010. godine imala ukupno 180 zaposlenih sa slijedećom kvalifikacio-nom strukturom:

Ostali

UKUPNO

5,6 7,4

100,0 100,0

51,1 50,3

2,2 2,9

41,1 39,4

18

MANAGING BODIES OF THE BANK

SUPERVISORY BOARDZADA GABELA TIHOMIR ĆURAKHARIS JAHIĆHASAN DELIĆŽELJKA MARKOVIĆ-SEKULIĆ

AUDIT COMMITTEEMIJO GRGIĆNOVKA AGIĆORHIDEJA JUNUZOVIĆ MIRSAD ČOLIĆ MUNIB OVČINA

INTERNAL AUDITSABIRA JABLAN

MANAGEMENT OF THE BANKESAD BEKTEŠEVIĆMEMNUNA HRUSTANOVIĆALTIJANA ĆARMUJO DRAGOLJ

PresidentMemberMemberMemberMember

PresidentMemberMemberMemberMember

Internal auditor

DirectorExecutive DirectorExecutive DirectorExecutive Director

EMPLOYEES

DESCRIPTION

University degree

2010 2009% %

4 5

74 69

92 88

10 13

180 175

Two years advanced school degree

Secondary school degree

As at December 31, 2010 the total number of employees in the Bank was 180 with the following qualification structure:

Others

TOTAL

5.6 7.4

100.0 100.0

51.1 50.3

2.2 2.9

41.1 39.4

19

SKU

PŠT

INA

BA

NK

E

NA

DZO

RN

I OD

BO

R

OD

BO

R Z

A R

EVIZ

IJU

DIR

EKC

IJA

KR

EDIT

NIH

PO

SLO

VA

KR

EDIT

NI O

DB

OR

OD

JEL

RA

ČU

NO

VO

DST

VA

OD

JEL

OP

ŠTIH

PO

SLO

VA

OD

JEL

PR

AV

NIH

PO

SLO

VA

OD

JEL

INFO

RM

ATI

ČK

IHTE

HN

OLO

GIJ

A

SEK

RET

AR

KU

PIT

UP

RA

VA

BA

NK

ED

IREK

TOR

BA

NK

E

DIR

EKC

IJA

ZA

RA

ZVO

J,SR

EDST

VA

I P

LATN

I PR

OM

ET

DIR

EKC

IJA

PO

SLO

VA

SA

INO

STR

AN

STV

OM

SLU

ŽBA

INTE

RN

ER

EVIZ

IJE

GR

UPA

ZA

UP

RA

VLJ

AN

JER

IZIC

IMA

Slu

žba

zara

zvo

j, an

aliz

e i m

arke

tin

g

Slu

žba

kred

itir

anja

Slu

žba

pla

tno

gp

rom

eta

sain

ost

ran

stvo

m i

dev

izn

og

dis

po

nib

ilite

ta

Slu

žba

zap

osl

ove

sa

stan

ovn

ištv

om

ip

osl

ovn

e m

reže

Filij

ala

Sara

jevo

Exp

ozi

ture

: Sta

ri G

rad

,A

lipaš

ino

Po

lje, I

lidža

,G

ora

žde

Filij

ala

Tuzl

aEx

po

zitu

ra:

Luka

vac

Filij

ala

Bih

ać

Filij

ala

Zen

ica

Exp

ozi

tura

:Za

vid

ovi

ći

Filij

ala

Kon

jic

Filij

ala

Trav

nik

Exp

ozi

tura

:B

ugo

jno

Filij

ala

Mo

star

Slu

žba

un

utr

ašn

jeg

pla

tno

gp

rom

eta

Slu

žba

zap

rob

lem

atič

nu

akti

vu

Gru

pa

zakr

edit

e,ga

ran

cije

iko

resp

on

den

tske

od

no

se

Slu

žba

sred

stav

a i

vrije

dn

osn

ihp

apir

a

Slu

žba

zako

rišt

enje

in

apla

tu k

red

ita

Slu

žba

dev

izn

og

reži

ma

Slu

žba

zaka

rtič

no

po

slo

van

je

Gru

pa

zatr

ezo

r

DIR

EKC

IJA

PO

SLO

VA

SA

STA

NO

VN

IŠTV

OM

I P

OSL

OV

NE

MR

EŽE

KA

BIN

ETD

IREK

TOR

A

OR

GA

NIZ

AC

ION

A Š

EMA

UN

ION

BA

NK

E D

D S

AR

AJE

VO

ASS

EMB

LY O

F SH

AR

EHO

LDER

S

SUP

ERV

ISO

RY

BO

AR

D

AU

DIT

CO

MM

ITEE

CR

EDIT

CO

MM

ITEE

AC

CO

UN

TIN

GD

EPT.

BA

NK

SEC

RET

AR

YB

AN

K M

AN

AG

EMEN

TB

AN

K D

IREC

TOR

TREA

SUR

Y, D

EVEL

OP

MEN

T A

ND

PAYM

ENT

OP

ERAT

ION

S D

IVIS

ION

IN

TER

NA

T. B

AN

KIN

GD

IVIS

ION

INTE

RN

AL

AU

DIT

DEP

AR

TMEN

T CR

EDIT

MA

NA

GEM

ENT

DIV

ISIO

N

RIS

K M

AN

AG

EMEN

TG

RO

UP

Loan

s M

anag

emen

tD

ept.

Inte

rnat

ion

alPa

ymen

tO

per

atio

ns

and

Fore

ign

Exc

han

geD

isp

osa

bili

ty

Ret

ail B

anki

ng

An

d B

usi

nes

sN

etw

ork

Dep

t.

Bra

nch

Sar

ajev

oA

rea

Bra

nche

s:

Star

i Gra

d,A

lipaš

ino

Pol

je,

Ilidž

a, G

oraž

de

Bra

nch

Tu

zla

Are

a B

ran

ch:

Luka

vac

Bra

nch

Bih

ać

Bra

nch

Zen

ica

Are

a B

ran

ch:

Zavi

do

vići

Bra

nch

Ko

njic

Bra

nch

Tra

vnik

Are

a B

ran

ch:

Bu

gojn

o

Bra

nch

Mo

star

Ris

k A

sset

sM

anag

emen

tD

ept.

Gro

up

fo

r Lo

ans

Gu

aran

tees

an

dC

orr

esp

on

den

tB

anki

ng

Secu

riti

es a

nd

Trea

sury

Dep

t.

Loan

s D

raw

ing

and

Co

llect

ion

Dep

t.

Fore

ign

Exch

ange

Reg

ime

Dep

t.

Car

dO

per

atio

ns

Dep

t.

Gro

up

fo

rSa

feC

ust

od

y

RET

AIL

BA

NK

ING

AN

DB

USI

NES

S N

ETW

OR

K D

IVIS

ION

CA

BIN

ET O

FD

IREC

TOR

OR

GA

NIZ

ATI

ON

CH

AR

T O

F U

NIO

N B

AN

KA

DD

SA

RA

JEV

O

CO

MP

LIA

NC

EO

FFIC

ER

Do

mes

tic

Paym

ent

Op

erat

ion

sD

ept.

Dev

elo

pm

ent,

An

alys

is a

nd

Mar

keti

ng

Dep

t.

IT D

EPT.

LEG

AL

DEP

T.

GEN

ERA

LB

USI

NES

S D

EPT.

OSNOVNI POKAZATELJI

- 000 KM -

KAPITAL BANKE

KAPITAL DIONIČKI KAPITAL Koeficijent adekvatnosti kapitala

VLASNIČKA STRUKTURADržavni (91,44%) Privatni (8,55%) Strani (0,01%)

VELIČINA I POUZDANOST BANKE

UKUPNA AKTIVA VANBILANSNE STAVKE BROJ ZAPOSLENIH

FINANSIJSKI REZULTAT

UKUPAN PRIHOD DOBIT PRIJE OPOREZIVANJA NETO DOBIT

46.586 34.098 41,3%

31.179

2.917 2

167.263 19.739

180

20.582 1.356 1.155

45.424 34.098 40,5%

31.179 2.917

2

147.469 15.861

175

15.142613 518

2010. 2009.

22

KEY INDICATORS

- 000 KM -

THE BANK'S EQUITY

SHAREHOLDERS' EQUITY SHARE CAPITAL Capital adequacy ratio

OWNERSHIP STRUCTUREState-owned (91.44%) Private (8.55%) Foreign (0.01%)

THE BANK'S STRENGTH AND RELIABILITY

TOTAL ASSETS OFF BALANCE SHEET ITEMS NUMBER OF EMPLOYEES

FINANCIAL RESULTS

TOTAL INCOME PROFIT BEFORE TAX NET PROFIT

46,586 34,098 41.3%

31,179

2,917 2

167,263 19,739

180

20,582 1,356 1,155

45,424 34,098 40.5%

31,179 2,917

2

147,469 15,861

175

15,142613 518

2010 2009

23

AKTIVA BANKE

AKTIVA

1. Novčana sredstva i računi kod drugih banaka

2. Sredstva kod Centralne banke

3. Kratkoročni plasmani drugim bankama

4. Dugoročni plasmani drugim bankama

5. Kreditni plasmani

6. Vrijednosni papiri za trgovanje

7. Obračunate kamate i ostala sredstva

8. Finansijska imovina raspoloživa za prodaju

9. Stalna sredstva UKUPNO

9.394

51.390

24.087

1.274

59.177

415

698

708

20.120

167.263

8.033

29.739

24.696

-

62.844

946

746

716

19.749

147.469

Krajem 2010. godine aktiva Banke je iznosila 167,3 mil. KM i povećana je u odnosu na prethodnu godinu za 19,8 mil. KM ili 13,4%. Od ukupne aktive na novčana sredstva i račune kod drugih banaka se odnosi 5,6%, na sredstva kod Centralne banke 30,7%, na plasmane drugim bankama 15,2%, na kredite 35,4%, na vrijednosne papire za trgovanje 0,3%, na stalna sredstva 12,0% i na ostalu aktivu 0,8%.

L i k v i d n a s r e d s t v a

31.12. 2010. 31.12. 2009. % %

5,6

30,7

14,4

0,8

35,4

0,3

0,4

0,4

12,0

100,0

5,5

20,2

16,7

-

42,6

0,6

0,5

0,5

13,4

100,0

Na računima kod banaka u zemlji i inostranstvu, kao i u gotovini na kraju 2010. godine Banka je raspolagala sa 84,9 mil. KM, što je u odnosu na kraj prethodne godine povećanje za 22,4 mil. KM ili 35,9%.

Koeficijent likvidnih sredstava u odnosu na depozite iznosio je 74,5%, a u odnosu na ukupnu aktivu 50,7%. Dio slobodnih novčanih sredstava oročavan je kod domaćih iinobanaka uz odgovarajuću kamatnu stopu. Kratkoročni plasmani drugim bankama iznose 24,1 mil. KM, a dugoročni 1,3 mil. KM.

Ostvareni nivo novčanih sredstava na računima Banke osiguravao je izvršavanje svih plaćanja tokom godine i bio je indikator kontinuirano visoke KM i devizne likvidnosti. Iznos sredstava na računu kod Centralne banke bio je tokom cijele godine znatnoveći od propisanog nivoa obavezne rezerve.

- 000 KM -

24

THE BANK'S ASSETS

ASSETS

1. Cash and current accounts with banks

2. Cash with the Central Bank

3. Short-term placements with other banks

4. Long-term placements with other banks

5. Credit placements

6. Financial assets designated at fair value through P&L

7. Accrued interest and other assets

8. Available for sale financial assets

9. Fixed assets TOTAL

9,394

51,390

24,087

1,274

59,177

415

698

708

20,120

167,263

8,033

29,739

24,696

-

62,844

946

746

716

19,749

147,469

At the end of 2010, the Bank's assets amounted to KM 167.3 mil. and, compared with the previous year, increased by KM 19.8 mil. or 13.4%. Of the total assets 5.6% refers to cash and current accounts with banks, 30.7% to cash with the Central Bank, 15.2% to placements with other banks, 35.4% to loans, 0.3% to financial assets designated at fair value through P&L, 12.0% to fixed assets and to other assets 0.8%.

L i q u i d a s s e t s

Dec 31, 2010 Dec 31, 2009 % %

5.6

30.7

14.4

0.8

35.4

0.3

0.4

0.4

12.0

100.0

5.5

20.2

16.7

-

42.6

0.6

0.5

0.5

13.4

100.0

The liquid assets/deposits ratio is 74.5%, and the liquid assets/total assets is 50.7%. A part of available funds was deposited with local and foreign banks at the appropriate interest rate. Short-term placements with other banks amounted to KM 24.1 mil., while long-term placements with other banks amounted to KM 1.3 mil..

At the end of 2010, the Bank's available funds at the accounts with other banks in the country and abroad and in cash amounted to KM 84.9 mil. and, compared withend of the previous year, increased by KM 22.4 mil. or 35.9%.

The achieved level of the funds provided on the accounts with banks ensuredthe execution of all payments during the year and it was an indicator ofa continuous high level of KM and foreign currency liquidity. During the whole year, cash amount with the Central Bank was quite higher than the requiredlevel of obligatory reserves.

- 000 KM -

25

K r e d i t n i p l a s m a n i

OPIS

1. Kratkoročni krediti - Pravnim licima - Građanima

2. Dugoročni krediti - Pravnim licima - Građanima

Kreditni plasmani

29.643

16.963

12.680

29.534

19.096

10.438

59.177

32.951

18.161

14.790

29.893

17.994

11.899

62.844

Neto kreditni plasmani Banke iznosili su:

N e k r e t n i n e i o p r e m a

31.12. 2010. 31.12. 2009. % %

50,1

28,7

21,4

49,9

32,3

17,6

100,0

52,4

28,9

23,5

47,6

28,6

19,0

100,0

Do promjene vrijednosti ove imovine u 2010. godini je došlo zbog redovnog obračunaamortizacije u iznosu od 0,9 mil. KM, uz istovremeno povećanje vrijednosti nekretnina nabavkom novih stalnih sredstava za 1,3 mil. KM.

Usmjeravanje sredstava vršeno je u skladu sa poslovnom politikom, likvidnošću Banke, zahtjevima tražioca kredita i njihovom kreditnom sposobnošću.

U strukturi kredita na kredite pravnim licima odnosilo se 36,1 mil. KM ili 61,0%, a na kredite građanima 23,1 mil. KM ili 39,0%.

Dugotrajna imovina Banke krajem 2010. godine iznosila je 20,1 mil. KM i u odnosuna prethodnu godinu veća je za 0,4 mil. KM.

- 000 KM -

26

C r e d i t p l a c e m e n t s

DESCRIPTION

1. Short-term loans - Legal entities - Citizens

2. Long-term loans - Legal entities - Citizens

Credit placements

29,643

16,963

12,680

29,534

19,096

10,438

59,177

32,951

18,161

14,790

29,893

17,994

11,899

62,844

The Bank's net credit placements amounted to:

P r o p e r t y a n d e q u i p m e n t

Dec 31, 2010 Dec 31, 2009% %

50.1

28.7

21.4

49.9

32.3

17.6

100.0

52.4

28.9

23.5

47.6

28.6

19.0

100.0

The changes of these assets in 2010 resulted from regular depreciation of KM 0.9 mil. as well as from procurements of new fixed assets by KM 1.3 mil.

Channeling the funds was performed in compliance with the Bank's business policy,the liquidity level, the loan applicants' requests and their credit standing.

At the end of the year 2010, the Bank's fixed assets amounted to KM 20.1 mil., and in relation to the previous year it increased by KM 0.4 mil.

- 000 KM -

In the credit structure, KM 36.1 mil. or 61.0% refers to loans to legal entities andKM 23.1 mil. or 39.0% refers to loans to citizens.

27

OBAVEZE I KAPITAL

OPIS

OPIS

1. Dionički kapital

2. Zadržana dobit

3. Rezerve i nenominirani kapital

UKUPNO KAPITAL

1. Depozitna sredstva - pravnih lica - građana

2. Kamate i ostale obaveze

3. Dospjele vanbilansne obaveze

4. Rezervisanja za potencijalne obaveze

UKUPNO

34.098

1.155

11.333

46.586

113.892

66.74347.149

2.071

1.482

3.232

120.677

34.098

518

10.808

45.424

96.515

65.54530.970

1.896

1.464

2.170

102.045

K a p i t a l

O b a v e z e B a n k e

31.12. 2010.

31.12. 2010.

31.12. 2009.

31.12. 2009.

%

%

%

%

73,2

2,5

24,3

100,0

94,4

55,339,1

1,7

1,2

2,7

100,0

75,1

1,1

23,8

100,0

94,6

64,230,4

1,9

1,4

2,1

100,0

U odnosu na stanje sa 31.12.2009. godine, ukupne obaveze Banke su veće za 18,6 mil.KM ili 18,3%, što je proizašlo iz: povećanja depozita za 17,4 mil. KM, povećanjarezervisanja za potencijalne obaveze za 1,1 mil. KM i povećanja kamata i ostalihobaveza za 0,1 mil. KM.

Kapital Banke 31.12.2010. godine iznosio je 46,6 mil. KM i u odnosu na stanje prethodne godine veći je za 1,2 mil. KM ili 2,6%.

U strukturi kapitala Banke najveće učešće ima dionički kapital sa 73,2%,revalorizacione rezerve i nenominirani kapital sa 24,3%, te zadržana dobit sa 2,5%, štose vidi iz slijedećeg pregleda: - 000 KM -

- 000 KM -

28

LIABILITIES AND EQUITY

DESCRIPTION

DESCRIPTION

1. Share capital

2. Retained profits

3. Reserves and unnominated capital

TOTAL EQUITY

1. Deposits - legal entities - citizens

2. Interest and other liabilities

3. Off balance sheet liabilities matured

4. Provisions for contingent liabilities

TOTAL

34,098

1,155

11,333

46,586

113,892

66,74347,149

2,071

1,482

3,232

120,677

34,098

518

10,808

45,424

96,515

65,54530,970

1,896

1,464

2,170

102,045

E q u i t y

T h e B a n k ' s l i a b i l i t i e s

Dec 31, 2010

Dec 31, 2010

Dec 31, 2009

Dec 31, 2009

%

%

%

%

73.2

2.5

24.3

100.0

94.4

55.339.1

1.7

1.2

2.7

100.0

75.1

1.1

23.8

100.0

94.6

64.230.4

1.9

1.4

2.1

100.0

The total liabilities of the Bank increased by KM 18.6 mil. or 18.3% compared to December 31, 2009 arising from: deposit increase by KM 17.4 mil., increase in provisions for contingent liabilities by KM 1.1 mil., as well as increase in interest and other liabilities by KM 0.1 mil..

The Bank's equity as at December 31, 2010 amounted to KM 46.6 mil. and in relation to theprevious year it increased by KM 1.2 mil. or 2.6%.

In the Bank's equity structure the biggest items are share capital (73.2%), revaluation reserves and unnominated capital (24.3%) and retained profits (2.5%) as the following table shows:

- 000 KM -

- 000 KM -

29

OPIS

Kratkoročno

Dugoročno

UKUPNO

115.963

51.300

167.263

68.659

98.604

167.263

Aktiva Obavezei kapital % %

69,1

30,9

100,0

41,1

58,9

100,0

Najznačajniju stavku u obavezama Banke predstavljaju depozitna sredstva koja iznose113,9 mil. KM ili 94,4% od ukupnih obaveza.

Depoziti pravnih lica povećani su za 1,2 mil. KM ili 1,8% i u ukupnim depozitimaučestvuju sa 58,6%. Depoziti građana su povećani za 16,2 mil. KM i u ukupnimdepozitima učestvuju sa 41,4%.

U ročnoj strukturi ukupnih depozita, na depozite po viđenju odnosi se 55,5 mil. KM ili48,7%, a na oročene depozite 58,4 mil. KM ili 51,3%.

U valutnoj strukturi ukupnih depozita devizni depoziti učestvuju sa 33,5%, a depozitiu konvertibilnim markama sa 66,5%.

ROČNA STRUKTURA AKTIVE I PASIVE - 000 KM -

30

DESCRIPTION

Short-term

Long-term

TOTAL

115,963

51,300

167,263

68,659

98,604

167,263

Assets Liabilities

and equity % %

69.1

30.9

100.0

41.1

58.9

100.0

The most significant item in the Bank's liabilities represents deposits holding KM 113.9 mil. or 94.4% in the total liabilities.

The legal entities' deposits increased by KM 1.2 mil. or 1.8% and amount to 58.6% in the total deposits. The citizens' deposits increased by KM 16.2 mil. and amount to 41.4% in the total deposits.

In the term-structure of the total deposits, the demand deposits account for KM 55.5 mil. or 48.7%, while the term deposits account for KM 58.4 mil. or 51.3%.

In the currency-structure of the total deposits, the foreign currency deposits account for 33.5%, and the deposits in convertible marks 66.5%.

TERM-STRUCTURE OF ASSETS AND LIABILITIES - 000 KM -

31

FINANSIJSKI REZULTAT

OPIS

1. Prihodi po osnovu kamata

2. Rashodi po osnovu kamata

3. Neto prihod – marža

4. Ostali prihodi

5. Ostali rashodi

6. BRUTO DOBIT

6549

(2.746)

3.803

14.033

(16.480)

1.356

6.956

(2.693)

4.263

8.186

(11.836)

613

2010. 2009. INDEX

94

102

89

171

139

221

- 000 KM -

Na kraju godine Banka je ostvarila bruto dobit u iznosu od 1.356/h KM.

Prihodi od kamata su se smanjili za 6,0%, a prihodi od naknada i provizija i ostaliprihodi su povećani za 71,0%. Sa druge strane, rashodi po osnovu kamata su ostali naistom nivou, dok su ostali rashodi povećani za 39,0%.

32

FINANCIAL RESULTS

DESCRIPTION

1. Interest income

2. Interest expense

3. Net income – margin

4. Other income

5. Other expenses

6. GROSS PROFIT

6,549

(2,746)

3,803

14,033

(16,480)

1,356

6,956

(2,693)

4,263

8,186

(11,836)

613

2010 2009 INDEX

94

102

89

171

139

221

- 000 KM -

At the end of the year, the Bank achieved a gross profit in the amount of KM 1,356/thousand.

Interest income decreased by 6.0% and fee and commission income and other income increased by 71.0%. On the other side, interest expense kept the same level, while other expenses increased by 39.0%.

33

CENTRALA I POSLOVNE JEDINICE BANKE

CENTRALA:

POSLOVNE JEDINICE:

U Sarajevu:

FILIJALA SARAJEVOTel.: 033 56 10 00Fax: 033 21 92 01

STARI GRADTel.: Fax: 033 26 70 31

ALIPAŠINO POLJETel.: 033 76 03 35Fax: 033 45 25 36

ILIDŽATel.: 033 76 39 61Fax: 033 76 39 61

MOSTARTel.: 036 55 13 41 Fax: 036 55 13 42

BUGOJNO Tel.: 030 25 30 48Fax: 030 25 30 48

GORAŽDETel.: 038 22 09 42Fax: 038 22 09 42

ZAVIDOVIĆITel.: 032 87 84 07Fax: 032 87 84 07

Van Sarajeva:

BIHAĆTel.: 037 22 37 11Fax: 037 22 37 10

TUZLATel.: 035 25 24 28Fax: 035 25 22 84

ZENICATel.: 032 40 20 15Fax: 032 24 13 92

TRAVNIKTel.: 030 51 88 81Fax: 030 51 12 68

KONJICTel.: 036 73 40 20Fax: 036 73 40 22

UNION BANKA DD SARAJEVO

Dubrovačka 671000 SARAJEVO, Bosna i Hercegovina

Tel.:Fax:S.W.I.F.T.:E-mail:Internet:

++ 387 33 56 10 00, ++ 387 33 21 92 01, 22 66 89, 20 15 68UBKSBA22unionban@bih.net.bawww.unionbank.ba

22 67 18

033 22 16 43

34

THE BANK'S HEAD OFFICE AND BUSINESS UNITS

HEAD OFFICE:

BUSINESS UNITS:

In Sarajevo: Outside Sarajevo:

UNION BANKA DD SARAJEVO

Dubrovačka 671000 SARAJEVO, Bosnia and Herzegovina

Tel.:Fax:S.W.I.F.T.:E-mail:Website:

++ 387 33 56 10 00, 22 67 18++ 387 33 21 92 01, 22 66 89, 20 15 68UBKSBA22unionban@bih.net.bawww.unionbank.ba

SARAJEVO BRANCHTel.: 033 56 10 00Fax: 033 21 92 01

STARI GRADTel.: Fax: 033 26 70 31

ALIPAŠINO POLJETel.: 033 76 03 35Fax: 033 45 25 36

ILIDŽATel.: 033 76 39 61Fax: 033 76 39 61

MOSTARTel.: 036 55 13 41 Fax: 036 55 13 42

BUGOJNO Tel.: 030 25 30 48Fax: 030 25 30 48

GORAŽDETel.: 038 22 09 42Fax: 038 22 09 42

ZAVIDOVIĆITel.: 032 87 84 07Fax: 032 87 84 07

BIHAĆTel.: 037 22 37 11Fax: 037 22 37 10

TUZLATel.: 035 25 24 28Fax: 035 25 22 84

ZENICATel.: 032 40 20 15Fax: 032 24 13 92

TRAVNIKTel.: 030 51 88 81Fax: 030 51 12 68

KONJICTel.: 036 73 40 20Fax: 036 73 40 22

033 22 16 43

35

Union banka d.d. Sarajevo