Modra Pyramida Stavebni Sporitelna's cost to income ratio reached 41.8% in the first quarter of 2017, down from 47.3% when compared to the previous quarter.
Historically, the bank’s costs reached an all time high of 50.3% of income in 4Q2014 and an all time low of 31.6% in 1Q2014.
When compared to total assets, bank's cost amounted to 0.840% in 1Q2017, down from 0.907% in the previous quarter.
Staff accounted for 43.8% of total operating expenditures in the first quarter of 2017. The bank operated a network of 215 branches and employed 332 persons in 1Q2017.