Modra Pyramida Stavebni Sporitelna's net interest margin amounted to 1.90% in the first quarter of 2017, up from 1.89% when compared to the previous quarter.
Historically, the bank’s net interest margin reached an all time high of 2.25% in 3Q2011 and an all time low of 1.17% in 2Q2005. The average margin in the last six quarters amounted to 1.85%.
Average asset yield was 3.19% in 1Q2017, down from 3.26% when compared to the same period last year. On the other hand, cost of funding amounted to 1.40% in 1Q2017, down from 1.71%.
When compared to bank's main peers, Ceskomoravska Stavebni Sporitelna operated in the first quarter of 2017 with a net interest margin of 1.54% Raiffeisen Stavebni Sporitelna reached 1.30% and Stavebni Sporitelna Ceske Sporitelny some 1.12%.