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signature area !!
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet
Five years after Lehman Changes in the banking world – Europe vs Asia
Erik Versavel Country Head
ING Commercial Banking Ukraine
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet GDP indicators for selected countries
Real GDP growth 2009 2010 2011 2012
US -3.1% 2.4% 1.8% 2.2%
Euro area -4.4% 2.0% 1.4% -0.6%
China 9.2% 10.4% 9.2% 7.8%
Japan -5.5% 4.5% -0.8% 2.0%
India 5.9% 10.1% 6.8% 4.0%
Korea 0.3% 6.3% 3.6% 2.0%
Ukraine -14.8% 4.1% 5.2% 0.2%
Do not place content in the brand signature area !!
Do not place content in the brand signature area !!
ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Financial system before 2008
• Highly developed. • High liquidity. • High leverage (total assets over equity). • Wide and complex product range. • Generally high Returns on Equity.
3
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Financial system after 2008
• Reducing leverage and complexity. • Regulatory expansion. • Global regulatory reform – national agenda’s. • Banks de-globalise. • Lower growth prospects in mature markets. • Banks cannot move “homemarkets”, and cannot invest in fast growing
markets. • Large companies doubled their cash holdings. • Disintermediation reducing business opportunities for banks. • New players and technologies entering market: telecom, retail…
4
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Corporate cash levels
5
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Return on Equity
• In current economic – financial system, ROE remains most critical parameter.
• Banks need to increase their equity. • But as they de-leverage and de-globalise, profitability reduces, and
ROE hurdles cannot be met. • Therefore they cannot easily raise capital. • Therefore large cost cutting exercises across mature markets.
6
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet
Merchandise exports and imports in current USD by region, 2012*
7 * Values and Shares include intra-EU trade Source: World Trade Organisation
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Meanwhile in Asia
• Foreign Exchange Reserves: • FER increased from USD 2 trio in 2000 to USD 12 trio in 2012, with
expansion coming mostly from Asia. • Asia constitutes 52% of the world. • China alone represents 25%. • Top 10 countries include 7 Asian countries.
• Standard & Poors: • upgraded 4 Asian countries in last 6 months: Korea, Pakistan, Philippines,
Vietnam. • India is only country downgraded in last 6 months. • Asia now has 3 countries with AAA rating (Australia, Hong Kong,
Singapore). • Top 10 of AAA countries is still mostly European countries (only Singapore
is in top 10).
8
Do not place content in the brand signature area !!
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Forex and Gold reserves
9
25
104
140
148
182
259
287
317
327
409
864
1 351
3 312
-‐ 500 1 000 1 500 2 000 2 500 3 000 3 500
Ukraine
Indonesia
Malaysia
US
Thailand
Singapore
India
Hong Kong
Korea
Taiwan
Eurosystem
Japan
China
Figures Dec 31 2012E, bln USD Source: CIA data
3 312
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Internationalisation of Asian companies
Forbes Global 2000 Number of Asian companies in top 2000: 2004: 250 2008: 359 2012: 733 of which Japan 258 and China 136
10
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Banks in Asia
• Largely unaffected by banking crisis, eurozone problems. • High correlation with growth in China (except India). • Rising leverage contributing to build-up of risk in the system. • Regional banks emerging / getting stronger.
11
Do not place content in the brand signature area !!
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Something about China
• IPO’s: China sets world records in 2010 and 2011 (USD 45 bio in 2011).
• Internationalization of Renminbi (cross border settlements, cash payments offshore…).
• Reform of the RMB exchange rate. • Continues to inject high liquidity into the system. • In 2000 there were only 2 Porsches in China, now 50,000 with 25,000
expected to be sold in 2012.
12
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ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet PBOC Financial Statistics
13
Money Supply • Broad money (M2) stood at 75.73 trillion yuan: up 15.3% yoy • Narrow money (M1) registered 26.68 trillion yuan: up 12.9% yoy • Currency in circulation (M0) posted 4.55 trillion yuan: up 14.7% yoy Loans • RMB and FCY loans totalled 53.37 trillion yuan: up 17.2% yoy • RMB loans registered 50.21 trillion yuan: up 17.5% yoy • FCY loans registered $485.1 billion: up 17.6% yoy Deposits • RMB and FCY deposits totalled 77.17 trillion yuan: up 17.1% yoy • RMB deposits registered 75.62 trillion yuan: up 17.3% yoy • FCY deposits stood at $237.9 billion: up 14.3% yoy
Do not place content in the brand signature area !!
Do not place content in the brand signature area !!
ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet Internationalization of Renminbi
Dimsum bond Settlement of
international trade in RMB
14
Do not place content in the brand signature area !!
Do not place content in the brand signature area !!
ING Orange RGB = 255 -102 - 000
ING Light blue RGB = 180 - 195 - 225
ING Dark blue RGB = 000 - 000 - 102
ING Warm Grey 5 RGB = 150 - 150 - 150
ING colour balance
Guidelines www.ing-presentations.intranet
15
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