the specialist bank for the public sector 25-jun-08 1 the specialist bank for the public sector...
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The Specialist Bank for the Public Sector25-Jun-081
The Specialist Bank for the Public Sector
Roxana Lazar
The Specialist Bank for the Public Sector25-Jun-082
Rating Moody’s FitchDexia Kommunalkredit Bank Aa2 AAKommunalkredit Austria AG Aa2 AA-Dexia Credit Local Aa1 AA+
Our shareholder: Dexia Kommunalkredit BankFirst local presence of a Bank specialized in public finance, operating in Romania since 2005
49.16%50.84%
Kommunalkredit Austria AG
Total Assets Dec`07:
EUR 32,80 billions
Dexia Crédit Local
Total Assets Dec `07:
EUR 604,6 billions
DKB operates in CEE through its entities established in Slovakia, Poland, Romania, Hungary, the Czech Republic and Bulgaria
DKB administrates a total portfolio of EUR 8.08 billion.
The Specialist Bank for the Public Sector25-Jun-083
Total volume of signed contracts as of June
2008: EUR 813 mil
Total disbursementsas of June 2008:
EUR 561 mil
Preferred currency: RON
Preferred product:direct loan
Preferred maturity: around 20 years
Dexia Kommunalkredit Romania
Leading position on the target segment of Romanian public finance market (large and medium cities over 30,000 inhabitants)
105
330
670
2006 2007 2008 forecast
Total disbursements (EUR mio)
The Specialist Bank for the Public Sector25-Jun-084
79
USD 79,06 mil. sovereign financing to the
Republic of Romania for purchasing Airbus A-
318-111 planes by The Romanian Air Transport
Company – TAROM – S.A in November 8, 2006
EUR 70,66 mil. sovereign financing to the
Republic of Romania for the acquisition of
Siemens Desiro trains by SNTFC CFR Calatori
SA in November 8, 2006
EUR 9 mil. syndicated financing to the
Republic of Romania for the construction of
Brasov Bors Highway in 2005
EUR 100 mil. loan to the Republic of Romania
for financing the construction of Bucuresti-
Constanta railway in January 16, 2007
Sovereign Transactions,
EUR 75 million in Eurobonds
&
EUR 350 million in loans
Sovereign Debt Portfolio
EUR 75 mil. 10-year maturity Eurobonds
launched by the Republic of Romania in June
18, 2008
The Specialist Bank for the Public Sector25-Jun-085
Sub-sovereign Debt Portfolio
Facility amount (EUR equiv.)
Beneficiaries
over 50 millions
50 – 20 millions
20 – 5 millions
under 5 millions
Bucharest 2nd District
4nd District Sibiu City & County
Iasi City
Oradea City Vaslui County
Maramures County
Alba County Focsani City
Suceava City
Satu Mare City
Lugoj City
Alba Iulia City
Targu Mures City
Constanta County
Arges County
Constanta City
Navodari City
Giurgiu City Calarasi City Targu Jiu City Mures County Orastie City
The Specialist Bank for the Public Sector25-Jun-086
Municipalities indebtedness ratio kept in a responsible limit
30% indebtedness ceiling
26%
18%17%
19%
8%
16%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Bucharest 2ndDistrict
Iasi Oradea Sibiu Targu Mures Alba Iulia
-4%
1%
6%
11%
16%
21%
26%
Total Revenues (thsd. lei at Dec '07) Total Debt (thsd. lei) Indebtedness Ratio
The Specialist Bank for the Public Sector25-Jun-087
79
Financing Solutions
Loan Financing
• long-term loans• structured financing • project financing / co-financing EU grants• co-operation with IFIs: MIF (Municipal Infrastructure Facility) under EIB Global Loans resulting in grants and/or reduction of margin to the existing debt contracted through DKB
• long-term loans• structured financing • project financing / co-financing EU grants• co-operation with IFIs: MIF (Municipal Infrastructure Facility) under EIB Global Loans resulting in grants and/or reduction of margin to the existing debt contracted through DKB
Capital Markets • municipal bonds & Eurobonds • commercial papers / international trade finance
• municipal bonds & Eurobonds • commercial papers / international trade finance
Special Financing
• forfeiting• leasing• public-private partnerships• structured products: applying protective and/or saving strategies
• forfeiting• leasing• public-private partnerships• structured products: applying protective and/or saving strategies
The Specialist Bank for the Public Sector25-Jun-088
Conclusion
Dexia-Kom is your strong partner for Regions, Municipalities and Utilities
Romania requires major investments in infrastructure, energy efficiency, health, environment protection, etc
Investment in Infrastructure and Environment creates a) quality of life, b) attracts people and investments and c) provides new jobs
Governmental Funds & EU Grants address only a limited part of the financing needs of the future planned development
Romania needs access to long term financing
Specialized Banks offer competitive and personalized financing solutions
The Specialist Bank for the Public Sector9 25-Jun-08
www.dexia-kom.ro
Roxana LazarGeneral Manager
Mobile:+40 722 648 [email protected]
Dexia Kommunalkredit Romania S.R.L.42 Calea Dorobantilor Street, district 1,
010573 Bucharest Tel: +40-21-20 19 400 Fax:+40-21-20 19 405