21/09/2011 Associate EBF Membership of the Macedonian Banking Association: Potential Benefits & Future Cooperation Skopje - Monday, 19 September 2011 Viktorija Proskurovska EBF Adviser WHAT THE EBF STANDS FOR 50 years of sound banking representation We aim to achieve an integrated European financial services market 1
21/09/2011 PLAN OF THE PRESENTATION 1. The EBF structure & role 2. The EBF Secretariat 3. The EBF Associates 4. Focus on the Republic of Macedonia EBF ROLE AND ITS NETWORK • The EBF began in 1960 with 6 members • The EBF today: – 31 Full Members (27 EU and 4 EFTA) – 14 Associates • Croatia soon to become a full EBF Member 2
21/09/2011 EBF MEMBERS Almost 4500 banks Major cross-border institutions and small regional entities Wholesale and retail financial institutions THE VOICE OF EUROPEAN BANKS 80% of 17% of total € 38 trillion 2.3 million Bank Loans Corporate Assets Employees (EU) Income Tax EBF CONTRIBUTION TO THE ECONOMY 3
21/09/2011 EBF STRUCTURE EBF BOARD EBF EXECUTIVE COMMITTEE EBF SECRETARIAT KEY COMMITTEES: Consumer Financial Legal Affairs Affairs Markets Banking International Payments Supervision Affairs Anti Economic & Money- Monetary Laundering Affairs & Fraud Fiscal Accounting Matters EBF FUNCTIONING 15 Consultative Committees and over 40 Working Groups and Task Forces Over 300 experts throughout Europe Common positions representing the overall banking sector 4
21/09/2011 EBF LOBBYING Combined approach to lobbying at each level of the legislative process COMMISSION COUNCIL PARLIAMENT VARIOUS STAKEHOLDERS European Institutions & Agencies Commission, Parliament, Council, EBA, ESRB, ECB International Institutions Other stakeholders WTO, OECD, BASEL Cttee, National Banking BusinessEurope, BEUC, Associations CEA, EFAMA, FEE IASB, IOSCO Financial Institutions Banking industry stakeholders EFR, ESBG, EACB, EBIC, EPC, IBFED 5
21/09/2011 EBF GUIDING PRINCIPLES Main focus • Ensure the reputation and standing of the banking sector accord with its social and economic importance • Promote the single market in financial services/banking • Promote better regulation • Advocate free and fair competition • Promote greater efficiency and competitiveness • Raise awareness of CSR importance in the banking sector 1. The EBF structure & role 2. The EBF Secretariat 3. The EBF Associates 4. Focus on the Republic of Macedonia 6
21/09/2011 SECRETARIAT’S ROLE • Ensure the EBF as the key partner for policy-makers in the field of financial services • Monitor all policy initiatives with an impact on the banking sector, inform members, and suggest action • Implement the political impetus and policy trends agreed by Board and Executive Committee • Coordinate the Consultative Committees and Working Groups EBF SECRETARIAT • Location – Brussels • Staff members – Total: 38 – Of which: 18 policy advisers • Departments – Wholesale & Regulatory Policy – Retail, Legal, Economic & Social Policy – Finance, HR & Administration & IT + Communications & Public Relations Unit 7
21/09/2011 EBF ADVISERS Qualities • In-depth knowledge of the issues • A keen synthetic mind • Consensus-building skills to find common ground amongst members • Social skills to facilitate meetings with stakeholders 1. The EBF structure & role 2. The EBF Secretariat 3. The EBF Associates 4. Focus on the Republic of Macedonia 8
21/09/2011 EBF INTEREST IN ASSOCIATES • Since the 1990s: EU banks’ growing stake in EBF Associates • Today, EU banking groups hold 70- 90% of Associates’ banking markets • Most EBF Associates are current or future EU candidates Result: Reinforced periphery of EU in medium term Stronger new Member States in long term EBF WORK WITH THE ASSOCIATES The EBF’s purpose is to channel relevant information on EU legislation in financial services and to support the Associates’ work. – Bi-annual meetings – Updates on the EU legislative framework – In-depth analysis of key issues – Meetings with key EU representatives – Other ad hoc support 9
21/09/2011 EBF ASSOCIATE MEMBERSHIP Conditions • Membership in the Council of Europe • Fulfilment of the EBF Articles of Association criteria History • 1993: the “Correspondent” countries • 1998: change from Correspondent to Associate • 2000: the pre-Accession Committee, created in 1998, was subsumed into Associates 1. The EBF structure & role 2. The EBF Secretariat 3. The EBF Associates 4. Focus on the Republic of Macedonia 10
21/09/2011 MACEDONIA Member of the Council of Europe since November 1995 EU candidate Capital: Skopje Borders with: Albania, Serbia, Bulgaria, Greece Population: 2.1 million GDP: € 6.9 billion Banking Association (within the Economic Chamber) of FYR of Macedonia: an EBF Associate since July 2011 COMPARATIVE STATISTICS GDP Number of Number of Bank assets Loans Deposits Geo-political region Population ( € billion) banks branches ( € billion) ( € billion) ( € billion) EBF Members € 12,989.23 515,867,289 7,456 216,604 € 45,234.40 € 18,993.30 € 18,259.22 EBF Associates € 1,918.39 301,443,505 1,544 39,033 € 791.85 € 443.50 € 411.37 Balkans € 106.28 23,709,693 139 5,896 € 102.83 € 69.59 € 68.26 Macedonia € 6.92 2,057,284 18 436 € 4.96 € 3.04 € 3.47 FYR Macedonia, 6.5% 8.7% 12.9% 7.4% 4.8% 4.4% 5.1% as % of Balkans … small is beautiful! 11
€ 100,000.0 € 10,000.0 € 20,000.0 € 30,000.0 € 40,000.0 € 50,000.0 € 60,000.0 € 70,000.0 € 80,000.0 € 90,000.0 € - € 10,000 € 15,000 € 20,000 € 25,000 € 30,000 € 35,000 € 40,000 € 5,000 Moldova € - Armenia Ukraine GDP per inhabitant ( € billion) Albania Serbia Bosnia&Herzegovina € 25,179 EBF Members FYR Macedonia Azerbaijan € 36,818 Bulgaria Montenegro € 35,395 Romania Turkey Russia Latvia Lithuania Poland EBF Associates € 6,364 Hungary Croatia Loans per inhabitant ( € ) € 1,471 Estonia Slovakia Czech Republic € 1,365 Malta Portugal Slovenia Greece Cyprus € 4,483 Spain The Balkans DEPTH OF MARKETS EU-27 average Italy € 2,935 GDP PER CAPITA United Kingdom France € 2,879 Deposits per inhabitant ( € ) Iceland Germany Belgium Andorra Finland FYR Macedonia € 3,365 Ireland Austria Netherlands € 1,478 Sweden Denmark € 1,685 Monaco Switzerland Norway Luxembourg Liechtenstein 21/09/2011 12
21/09/2011 WEALTH AND OUTREACH OF BANKS € 8.00 7.429 € 7.00 € 6.07 € 6.00 € 5.00 4.531 3.929 € 4.00 € 3.00 2.302 € 2.00 € 1.00 € 0.74 € 0.51 € 0.28 € - EBF Members EBF Associates The Balkans FYR Macedonia Assets per bank ( € billion) Inhabitants per bank or branch (thousands) BANK STABILITY Total capital ratio (%) Equity ( € billion) 25,0% € 450,00 22,0% € 394,00 € 400,00 20,0% € 350,00 16,4% 16,1% € 300,00 13,2% 15,0% € 250,00 € 200,00 10,0% € 150,00 € 100,00 5,0% € 52,78 € 11,97 € 9,82 € 50,00 0,0% € - The Balkans Members of the EA Members 14 WE banking The Balkans Members of the EA Members 14 WE banking EU but not EA groups with EU but not EA groups with significant significant presence presence Assets ( € billion) € 9.000,00 € 7.946,00 Local banks appear to be well capitalised, € 8.000,00 € 7.000,00 but most of them being subsidiaries of large € 6.000,00 € 5.000,00 West European banking groups, they depend € 4.000,00 € 3.000,00 on their mother banks’ business strategies. € 2.000,00 € 534,41 € 1.000,00 € 81,99 € 115,65 € - The Vienna accord provides a guarantee for The Balkans Members of the EU EA Members 14 WE banking but not EA groups with Macedonian banks’ business continuity. significant presence Source: Bankscope (EBF calculations) 13
21/09/2011 TO CONCLUDE • Macedonia has a young and developing financial services market • Macedonia is an EU candidate • Macedonian Banking Association, as an Associate, has gained access to the EBF networks and expertise • EBF is looking forward to our fruitful cooperation ! Thank you for you attention! For further information: www.ebf-fbe.eu 50 Years s of Sound Banking ing Represen esentati tation on 14
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