Who Was the Most Cost Efficient Among CEE Savings Banks in 2017?

Top Banks by Costs As % Of Income
Banking | February 13, 2019
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Excel Sheet

Based on a comparison of 12 banks among CEE Savings Banks in 2017, Sberbank was the most cost efficient bank, followed by Zagrebacka Banka and DSK Bank.

Sberbank's cost to income ratio reached 35.3% in 2017, down from 39.9% when compared to the last year. Historically, the bank’s costs reached an all time high of 70.8% in 2003 and an all time low of 35.3% in 2017.

When compared to total assets, bank's cost amounted to 1.39% in 2017, down from 2.57% a year earlier.

Comparing Sberbank with its closest peers, Zagrebacka Banka operated in 2017 with a cost to income ratio of 47.7%, DSK Bank reached 48.0% and PKO BP some 48.0%.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the CEE Savings Banks banks in the reports section.

Costs (As % Of Income) Unit 2011 2012 2013 2014 2015 2016 2017 2018
Erste Group Bank % 61.5% 69.2% 80.3% 65.5% 60.1%
OTP Group % 55.1% 60.2% 63.4% 55.1% 58.0%
PKO BP % 40.3% 43.2% 48.5% 56.2% 51.9%
Ceska Sporitelna % 41.9% 42.0% 44.3% 46.8% 47.5%
Zagrebacka Banka % 46.7% 48.2% 49.2% 50.8% 45.3% ...
Slovenska Sporitelna % 49.8% 50.7% 51.7% 44.3% 46.1% ...
DSK Bank % 38.8% 40.9% 41.1% 37.5% 41.1% ...
Banca Commerciala Romana % 48.5% 46.0% 58.9% 49.2% 54.8% ...
Sberbank % 49.0% 46.6% 43.4% 43.6% 39.9%
CEC Bank % ... 58.9% 58.3% 58.7% 57.7% 58.1% ... ...
OTP Bank Hungary % 46.4% 49.5% 51.6% 53.5% 59.5%
Erste Savings Banks % 68.7% 71.0% 67.6% 67.3% 70.7% ...
AVERAGE % 49.0% 50.5% 52.2% 54.9% 52.3% 52.8% 52.8% 51.2%