Modra Pyramida Stavebni Sporitelna's net interest margin amounted to 1.79% in the fourth quarter of 2017, down from 1.98% 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 1.93%.
Average asset yield was 3.15% in 4Q2017, down from 3.21% when compared to the same period last year. On the other hand, cost of funding amounted to 1.48% in 4Q2017, up from 1.44%.
When compared to bank's main peers, Ceskomoravska Stavebni Sporitelna operated in the fourth quarter of 2017 with a net interest margin of 1.40% Raiffeisen Stavebni Sporitelna reached 1.35% and Stavebni Sporitelna Ceske Sporitelny some 1.32%.