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We operate in 22 European countries, with more than 166,000 employees and 10,000 branches.
We benefit from a strong European identity, extensive international presence and broad customer base.
Our strategic position in Western and Eastern Europe allows us to have one of the region's highest market share.
Data as of September, 2009
Employees1: over 166,000
Branches2: 10,000
(€ million)
Operating income 21,129 14,326 Operating profit 9,608 6,636 Shareholders' equity 59,300 57,893
Focus on CEEWe are a market leader in Central and Eastern Europe.
As long-term investor, our approach has always been the pursuit of growth through a well-articulated strategy, carefully executed that builds on the region's structural strengths.
Operating in 19 CEE countries, we benefit from geographical diversity and lends our strength to our local CEE banks in the form of substantial competitive advantages, which include our strong reputation, our network's access to international markets and significant economies of scale.
Divisional modelWe have adopted a divisional business model.
The goal is to fully leverage our network by generating value in all of the businesses in which we are involved and by capitalizing on growth opportunities as they occur.
This business model is based upon four pillars:
1. FTE = "Full time equivalent" data. These figures include all employees of subsidiaries consolidated proportionately, such as Koç Financial Services Group employees.
2. These figures include all branches of subsidiaries consolidated proportionately, such as Koç Financial Services Group branches.
3. Leasing is not included.
4. Including Poland.
* Annualized figures, calculated on the basis of the average shareholders' equity for the period (excluding dividends to be distributed and reserves in respect of AfS assets and cash-flow hedge), net of goodwill arising from the business combination with HVB and Capitalia, which were carried out with an exchange of shares and recorded in accordance with IFRS3. ROE figures for 2008 include the effects of completion of PPA and reclassification of Mediobanca Spa interest.
Updated on:
08.11.2009
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