Based on a comparison of 22 banks in Czechia in 3Q2018, Hypotecni Banka was the most cost efficient bank, followed by Stavebni Sporitelna Ceske Sporitelny and Fio banka.
Hypotecni Banka's cost to income ratio reached 23.1% in 3Q2018, down from 23.8% when compared to the previous quarter and up from 19.6% when compared to the same period of last year. Historically, the bank’s costs reached an all time high of 77.0% in 4Q2002 and an all time low of -93.3% in 4Q2000.
When compared to total assets, bank's cost amounted to 1.39% in 3Q2018, down from 0.311% a year earlier.
When compared to the nearest peers, Stavebni Sporitelna Ceske Sporitelny operated in 3Q2018 with a cost to income ratio of 24.7%, Fio banka reached 28.5% and UniCredit Bank Czecho-Slovakia some 33.6%.
The average cost to income ratio reached 39.9% in the Czech banking sector in 3Q2018.