By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank's capital adequacy ratio reached 20.1% at the end of 2017, up from 19.2% compared to the previou...
By Helgi Library - July 16, 2018
Erste & Steiermarkische Bank generated total banking revenues of HRK 3,143 mil in 2017, up 0.319% compared to the previous y...
By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank's customer deposits reached HRK 44,374 mil in 2017, up 2.43% compared to the previous year. Cr...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | HRK mil | 2,148 | 2,060 | 2,071 |
| Net Fee Income | HRK mil | 646 | 663 | 715 |
| Other Income | HRK mil | 342 | 410 | 357 |
| Total Revenues | HRK mil | 3,136 | 3,133 | 3,143 |
| Staff Cost | HRK mil | 586 | 635 | 668 |
| Operating Profit | HRK mil | 1,703 | 1,669 | 1,603 |
| Provisions | HRK mil | 1,274 | 364 | 866 |
| Net Profit | HRK mil | -816 | 875 | 534 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | HRK mil | 5,441 | 5,329 | 5,233 |
| Customer Loans | HRK mil | 46,159 | 43,656 | 43,297 |
| Total Assets | HRK mil | 68,231 | 65,604 | 65,925 |
| Shareholders' Equity | HRK mil | 7,111 | 7,988 | 8,206 |
| Interbank Borrowing | HRK mil | 16,174 | 11,652 | 11,025 |
| Customer Deposits | HRK mil | 41,445 | 43,323 | 44,374 |
| Issued Debt Securities | HRK mil | 931 | 924 | 376 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -10.8 | 11.6 | 6.60 |
| ROA | % | -1.18 | 1.31 | 0.812 |
| Costs (As % Of Assets) | % | 2.08 | 2.19 | 2.34 |
| Costs (As % Of Income) | % | 45.7 | 46.7 | 49.0 |
| Capital Adequacy Ratio | % | 16.6 | 19.2 | 20.1 |
| Net Interest Margin | % | 3.11 | 3.08 | 3.15 |
| Loans (As % Of Deposits) | % | 111 | 101 | 97.6 |
| NPLs (As % Of Loans) | % | 15.7 | 11.5 | 12.6 |
| Provisions (As % Of NPLs) | % | 60.6 | 62.3 | 61.8 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -1.38 | -0.096 | 0.319 |
| Operating Cost Growth | % | -3.89 | 2.16 | 5.19 |
| Operating Profit Growth | % | 0.829 | -2.00 | -3.95 |
| Net Profit Growth | % | -316 | -207 | -39.0 |
| Customer Loan Growth | % | -1.18 | -5.42 | -0.822 |
| Total Asset Growth | % | -2.19 | -3.85 | 0.489 |
| Customer Deposit Growth | % | 8.99 | 4.53 | 2.43 |
| Shareholders' Equity Growth | % | -10.5 | 12.3 | 2.73 |
| Employees | 2,793 | 3,022 | 3,170 | |
Get all company financials in excel:
| summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||||
| Net Interest Income | HRK mil | 2,132 | 2,103 | 2,010 | 2,120 | 2,148 | ||||||||||||||
| Total Revenues | HRK mil | 2,872 | 2,770 | 2,725 | 3,180 | 3,136 | ||||||||||||||
| Operating Profit | HRK mil | 1,628 | 1,708 | 1,470 | 1,689 | 1,703 | ||||||||||||||
| Net Profit | HRK mil | 739 | 585 | 184 | 377 | -816 | ||||||||||||||
| balance sheet | ||||||||||||||||||||
| Interbank Loans | HRK mil | 1,524 | 2,865 | 6,546 | 6,194 | 5,441 | ||||||||||||||
| Customer Loans | HRK mil | 44,677 | 45,348 | 47,391 | 46,711 | 46,159 | ||||||||||||||
| Debt Securities | HRK mil | 7,683 | 8,063 | 7,541 | 9,225 | 8,489 | ||||||||||||||
| Total Assets | HRK mil | 63,045 | 65,891 | 67,854 | 69,761 | 68,231 | ||||||||||||||
| Shareholders' Equity | HRK mil | 6,619 | 7,309 | 7,370 | 7,941 | 7,111 | ||||||||||||||
| Interbank Borrowing | HRK mil | 22,285 | 22,906 | 20,988 | 21,227 | 16,174 | ||||||||||||||
| Customer Deposits | HRK mil | 31,812 | 32,190 | 37,214 | 38,027 | 41,445 | ||||||||||||||
| Issued Debt Securities | HRK mil | 956 | 1,240 | 1,020 | 1,027 | 931 | ||||||||||||||
| ratios | ||||||||||||||||||||
| ROE | % | 11.6 | 8.40 | 2.51 | 4.92 | -10.8 | ||||||||||||||
| ROA | % | 1.28 | 0.907 | 0.275 | 0.548 | -1.18 | ||||||||||||||
| Costs (As % Of Assets) | % | 2.16 | 1.65 | 1.88 | 2.17 | 2.08 | ||||||||||||||
| Costs (As % Of Income) | % | 43.3 | 38.3 | 46.1 | 46.9 | 45.7 | ||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 14.0 | 15.7 | 15.2 | 16.0 | 16.6 | |||||||
| Net Interest Margin | % | 3.69 | 3.26 | 3.01 | 3.08 | 3.11 | ||||||||||||||
| Interest Income (As % Of Revenues) | % | 74.2 | 75.9 | 73.8 | 66.7 | 68.5 | ||||||||||||||
| Fee Income (As % Of Revenues) | % | 20.7 | 18.8 | 20.2 | 19.2 | 20.6 | ||||||||||||||
| Staff Cost (As % Of Total Cost) | % | 45.7 | 51.1 | 39.6 | 37.6 | 40.9 | ||||||||||||||
| Equity (As % Of Assets) | % | 10.5 | 11.1 | 10.9 | 11.4 | 10.4 | ||||||||||||||
| Loans (As % Of Deposits) | % | 140 | 141 | 127 | 123 | 111 | ||||||||||||||
| Loans (As % Assets) | % | 70.9 | 68.8 | 69.8 | 67.0 | 67.7 | ||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 11.5 | 16.4 | 17.4 | 18.6 | 15.7 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | 64.3 | 56.3 | 53.2 | 59.6 | 60.6 | |||||||
| valuation | ||||||||||||||||||||
| Book Value Per Share Growth | % | ... | 23.0 | -1.36 | -4.42 | 5.47 | 1.32 |
| income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||||
| Interest Income | HRK mil | 3,815 | 4,100 | 3,597 | 3,439 | 3,257 | ||||||||||||||
| Interest Cost | HRK mil | 1,683 | 1,997 | 1,587 | 1,319 | 1,117 | ||||||||||||||
| Net Interest Income | HRK mil | 2,132 | 2,103 | 2,010 | 2,120 | 2,148 | ||||||||||||||
| Net Fee Income | HRK mil | 594 | 521 | 551 | 610 | 646 | ||||||||||||||
| Other Income | HRK mil | 146 | 146 | 164 | 450 | 342 | ||||||||||||||
| Total Revenues | HRK mil | 2,872 | 2,770 | 2,725 | 3,180 | 3,136 | ||||||||||||||
| Staff Cost | HRK mil | 568 | 543 | 497 | 560 | 586 | ||||||||||||||
| Depreciation | HRK mil | 128 | 72.0 | 112 | 296 | 249 | ||||||||||||||
| Other Cost | HRK mil | 548 | 447 | 646 | 635 | 598 | ||||||||||||||
| Operating Cost | HRK mil | 1,244 | 1,062 | 1,255 | 1,491 | 1,433 | ||||||||||||||
| Operating Profit | HRK mil | 1,628 | 1,708 | 1,470 | 1,689 | 1,703 | ||||||||||||||
| Provisions | HRK mil | 757 | 890 | 1,206 | 1,185 | 1,274 | ||||||||||||||
| Extra and Other Cost | HRK mil | -50.0 | 75.0 | 1.00 | 0 | 1,362 | ||||||||||||||
| Pre-Tax Profit | HRK mil | 921 | 743 | 263 | 504 | -933 | ||||||||||||||
| Tax | HRK mil | 176 | 147 | 62.0 | 92.0 | -164 | ||||||||||||||
| Minorities | HRK mil | 6.00 | 11.0 | 17.0 | 35.0 | 47.0 | ||||||||||||||
| Net Profit | HRK mil | 739 | 585 | 184 | 377 | -816 | ||||||||||||||
| growth rates | ||||||||||||||||||||
| Net Interest Income Growth | % | ... | 23.0 | -1.36 | -4.42 | 5.47 | 1.32 | |||||||||||||
| Net Fee Income Growth | % | ... | 41.8 | -12.3 | 5.76 | 10.7 | 5.90 | |||||||||||||
| Total Revenue Growth | % | ... | 26.5 | -3.55 | -1.62 | 16.7 | -1.38 | |||||||||||||
| Operating Cost Growth | % | ... | 33.6 | -14.6 | 18.2 | 18.8 | -3.89 | |||||||||||||
| Operating Profit Growth | % | ... | 21.5 | 4.91 | -13.9 | 14.9 | 0.829 | |||||||||||||
| Pre-Tax Profit Growth | % | ... | 14.1 | -19.3 | -64.6 | 91.6 | -285 | |||||||||||||
| Net Profit Growth | % | ... | 13.3 | -20.8 | -68.5 | 105 | -316 | |||||||||||||
| market share | ||||||||||||||||||||
| Market Share in Revenues | % | 17.9 | 18.7 | 18.9 | 22.0 | 21.6 | ||||||||||||||
| Market Share in Net Profit | % | 19.5 | 21.5 | 38.8 | 27.3 | ... | ||||||||||||||
| Market Share in Employees | % | ... | ... | ... | ... | ... | ... | ... | 11.6 | 12.1 | 11.8 | 12.8 | 13.4 | |||||||
| Market Share in Bank Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Market Share in Debit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Market Share in Credit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||||||||||
| Cash | HRK mil | 7,230 | 7,757 | 4,297 | 4,674 | 5,299 | ||||||||||||||
| Interbank Loans | HRK mil | 1,524 | 2,865 | 6,546 | 6,194 | 5,441 | ||||||||||||||
| Customer Loans | HRK mil | 44,677 | 45,348 | 47,391 | 46,711 | 46,159 | ||||||||||||||
| Retail Loans | HRK mil | 20,930 | 21,140 | 21,164 | 21,314 | 21,199 | ||||||||||||||
| Corporate Loans | HRK mil | 21,032 | 21,591 | 21,683 | 19,737 | 18,050 | ||||||||||||||
| Debt Securities | HRK mil | 7,683 | 8,063 | 7,541 | 9,225 | 8,489 | ||||||||||||||
| Fixed Assets | HRK mil | 1,521 | 1,444 | 1,410 | 2,043 | 429 | ||||||||||||||
| Total Assets | HRK mil | 63,045 | 65,891 | 67,854 | 69,761 | 68,231 | ||||||||||||||
| Shareholders' Equity | HRK mil | 6,619 | 7,309 | 7,370 | 7,941 | 7,111 | ||||||||||||||
| Of Which Minority Interest | HRK mil | 29.0 | 38.0 | 51.0 | 162 | 201 | ||||||||||||||
| Liabilities | HRK mil | 56,426 | 58,582 | 60,484 | 61,820 | 61,120 | ||||||||||||||
| Interbank Borrowing | HRK mil | 22,285 | 22,906 | 20,988 | 21,227 | 16,174 | ||||||||||||||
| Customer Deposits | HRK mil | 31,812 | 32,190 | 37,214 | 38,027 | 41,445 | ||||||||||||||
| Retail Deposits | HRK mil | 23,164 | 24,201 | 26,035 | 26,901 | 27,088 | ||||||||||||||
| Corporate Deposits | HRK mil | 8,182 | 7,285 | 10,600 | 10,584 | 14,357 | ||||||||||||||
| Issued Debt Securities | HRK mil | 956 | 1,240 | 1,020 | 1,027 | 931 | ||||||||||||||
| Other Liabilities | HRK mil | 1,373 | 2,246 | 1,262 | 1,539 | 2,570 | ||||||||||||||
| asset quality | ||||||||||||||||||||
| Non-Performing Loans | HRK mil | ... | ... | ... | ... | ... | ... | ... | 5,541 | 8,201 | 9,112 | 9,793 | 7,990 | |||||||
| Gross Loans | HRK mil | 48,241 | 49,962 | 52,238 | 52,545 | 51,003 | ||||||||||||||
| Total Provisions | HRK mil | 3,564 | 4,614 | 4,847 | 5,834 | 4,844 | ||||||||||||||
| growth rates | ||||||||||||||||||||
| Customer Loan Growth | % | ... | 22.7 | 1.50 | 4.51 | -1.43 | -1.18 | |||||||||||||
| Retail Loan Growth | % | ... | 15.4 | 1.00 | 0.114 | 0.709 | -0.540 | |||||||||||||
| Corporate Loan Growth | % | ... | 24.3 | 2.66 | 0.426 | -8.97 | -8.55 | |||||||||||||
| Total Asset Growth | % | ... | 20.4 | 4.51 | 2.98 | 2.81 | -2.19 | |||||||||||||
| Shareholders' Equity Growth | % | ... | 7.29 | 10.4 | 0.835 | 7.75 | -10.5 | |||||||||||||
| Customer Deposit Growth | % | ... | 2.16 | 1.19 | 15.6 | 2.18 | 8.99 | |||||||||||||
| Retail Deposit Growth | % | ... | -5.49 | 4.48 | 7.58 | 3.33 | 0.695 | |||||||||||||
| Corporate Deposit Growth | % | ... | -22.2 | -11.0 | 45.5 | -0.151 | 35.6 | |||||||||||||
| market share | ||||||||||||||||||||
| Market Share in Customer Loans | % | 17.7 | 19.2 | 20.2 | 20.3 | 20.7 | ||||||||||||||
| Market Share in Corporate Loans | % | 18.8 | 22.4 | 22.7 | 21.4 | 20.7 | ||||||||||||||
| Market Share in Consumer Loans | % | 16.3 | 16.7 | 17.1 | 17.4 | 17.6 | ||||||||||||||
| Market Share in Total Assets | % | 15.1 | 16.1 | 16.3 | 16.6 | 16.4 | ||||||||||||||
| Market Share in Customer Deposits | % | 14.4 | 14.2 | 15.7 | 15.6 | 16.1 | ||||||||||||||
| Market Share in Retail Deposits | % | 13.6 | 13.6 | 14.5 | 14.7 | 14.4 | ||||||||||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | 17.0 | 16.2 | 25.0 | 24.2 | 27.0 |
| ratios | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||||||||||
| ROE | % | 11.6 | 8.40 | 2.51 | 4.92 | -10.8 | ||||||||||||||
| ROA | % | 1.28 | 0.907 | 0.275 | 0.548 | -1.18 | ||||||||||||||
| Costs (As % Of Assets) | % | 2.16 | 1.65 | 1.88 | 2.17 | 2.08 | ||||||||||||||
| Costs (As % Of Income) | % | 43.3 | 38.3 | 46.1 | 46.9 | 45.7 | ||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 14.0 | 15.7 | 15.2 | 16.0 | 16.6 | |||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | 12.1 | 14.3 | 15.1 | 14.0 | 13.4 | |||||||
| Net Interest Margin | % | 3.69 | 3.26 | 3.01 | 3.08 | 3.11 | ||||||||||||||
| Interest Spread | % | ... | 3.33 | 2.89 | 2.71 | 2.84 | 2.90 | |||||||||||||
| Asset Yield | % | 6.61 | 6.36 | 5.38 | 5.00 | 4.72 | ||||||||||||||
| Cost Of Liabilities | % | ... | 3.28 | 3.47 | 2.67 | 2.16 | 1.82 | |||||||||||||
| Interest Income (As % Of Revenues) | % | 74.2 | 75.9 | 73.8 | 66.7 | 68.5 | ||||||||||||||
| Fee Income (As % Of Revenues) | % | 20.7 | 18.8 | 20.2 | 19.2 | 20.6 | ||||||||||||||
| Other Income (As % Of Revenues) | % | 5.08 | 5.27 | 6.02 | 14.2 | 10.9 | ||||||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | 3,489 | 2,957 | 2,831 | 2,900 | 2,624 | |||||||
| Cost Per Employee (Local Currency) | HRK per month | ... | ... | ... | ... | ... | ... | ... | 18,665 | 17,304 | 16,159 | 17,195 | 17,484 | |||||||
| Staff Cost (As % Of Total Cost) | % | 45.7 | 51.1 | 39.6 | 37.6 | 40.9 | ||||||||||||||
| Equity (As % Of Assets) | % | 10.5 | 11.1 | 10.9 | 11.4 | 10.4 | ||||||||||||||
| Loans (As % Of Deposits) | % | 140 | 141 | 127 | 123 | 111 | ||||||||||||||
| Loans (As % Assets) | % | 70.9 | 68.8 | 69.8 | 67.0 | 67.7 | ||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 11.5 | 16.4 | 17.4 | 18.6 | 15.7 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | 64.3 | 56.3 | 53.2 | 59.6 | 60.6 | |||||||
| Provisions (As % Of Loans) | % | 7.98 | 10.2 | 10.2 | 12.5 | 10.5 | ||||||||||||||
| Cost of Provisions (As % Of Loans) | % | 1.87 | 1.98 | 2.60 | 2.52 | 2.74 |
| other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||||||||||
| Employees | ... | ... | ... | ... | ... | ... | ... | 2,536 | 2,615 | 2,563 | 2,714 | 2,793 | ||||||||
| ATMs | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 567 | 619 | ... | ... | ... | |||
| Payment Cards | '000 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 723 | 744 | ... | ... | ... | ... | |
| Debit Cards | '000 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Credit Cards | '000 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - July 16, 2018
Erste & Steiermarkische Bank's retail deposits reached HRK 27,861 mil in 2017, up 0.592% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Erste & Stei...
By Helgi Library - July 16, 2018
Erste & Steiermarkische Bank's corporate deposits reached HRK 16,513 mil in 2017, up 5.68% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Erste &...
By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank made a net profit of HRK 534 mil in 2017, down 39.0% compared to the previous year. This implies a return on equity of 6.60%. Historically, the bank’s net profit reached an all time high of HRK 875 mil in 2016 and an all time lo...
By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank's non-performing loans reached 12.6% of total loans at the end of 2017, up from 11.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.6% in 2014 and an all time low of 3.92% in 2007. Pro...
By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank's net interest margin amounted to 3.15% in 2017, up from 3.08% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 8.30% in 2000 and an all time low of 2.71% in 2006. T...
By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank's customer loans reached HRK 43,297 mil in 2017, down 0.822% compared to the previous year. Croatian banking sector provided customer loans of HRK 213 bil in 2017, down 0.828% when compared to the last year. Erste & St...
By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank generated total banking revenues of HRK 3,143 mil in 2017, up 0.319% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of HRK 3,18...
By Helgi Library - December 12, 2019
Erste & Steiermarkische Bank's corporate loans reached HRK 18,319 mil in 2017, up 7.13% compared to the previous year. Croatian banking sector provided corporate loans of HRK 70.6 bil in 2017, up 2.98% when compared to the last year. Erste & Steie...
By Helgi Library - July 3, 2018
Erste & Steiermarkische Bank's customer loan growth reached -0.822% in 2017, up from -5.42% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 216% in 2003 and an all time low of -5.42% in 2016. In the las...
Erste & Steiermärkische Bank d.d. is a Croatia-based subsidiary of Austria's Erste Bank. Following the acquisition of Rijecka Banka in 2002, Erste Bank has become the third largest bank in Croatia by assets with nearly a 17% share. Erste Bank is the second largest commercial bank in Austria. The Group was founded in 1819 as the first Austrian savings bank. In 1997, Erste Group went public with a strategy to expand its retail business into Central and Eastern Europe (CEE). Since then Erste Group's customer base has grown through numerous acquisitions and organic growth from 600,000 to around 16.4 million. With 2,900 branches and 46,000 employees, Erste Group is today one of the largest financial services providers in the Eastern part of EU in terms of clients and total assets.
Erste & Steiermarkische Bank has been growing its revenues and asset by 6.45% and 4.97% a year on average in the last 10 years. Its loans and deposits have grown by 5.37% and 5.52% a year during that time and loans to deposits ratio reached 97.6% at the end of 2017. The company achieved an average return on equity of 7.66% in the last decade with net profit growing -1.21% a year on average. In terms of operating efficiency, its cost to income ratio reached 49.0% in 2017, compared to 44.6% average in the last decade.
Equity represented 12.4% of total assets or 19.0% of loans at the end of 2017. Erste & Steiermarkische Bank's non-performing loans were 12.6% of total loans while provisions covered some 61.8% of NPLs at the end of 2017.
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