Addiko Bank Croatia

Addiko Croatia's mortgage loans fell 21.0% to HRK 4,046 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's mortgage loans reached HRK 4,046 mil in 2017, down 21.0% compared to the previous year. Croatian banking ...

Addiko Croatia's capital adequacy ratio fell 5.44% to 27.8% in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's capital adequacy ratio reached 27.8% at the end of 2017, down from 29.4% compared to the previous year. ...

Addiko Croatia's net profit rose 285% to HRK 230 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia made a net profit of HRK 230 mil in 2017, up 285% compared to the previous year. This implies a return on eq...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 431 444 481
Fee Income (As % Of Revenues) % 5.67 22.0 23.0
Other Income HRK mil -21.4 193 105
Total Revenues HRK mil 434 817 761
Staff Cost HRK mil 277 246 228
Operating Profit HRK mil -224 117 270
Provisions HRK mil 623 106 112
Net Profit HRK mil -2,535 59.6 230
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 678 113 473
Customer Loans HRK mil 17,006 12,341 10,401
Debt Securities HRK mil 2,833 4,042 4,870
Total Assets HRK mil 25,474 20,981 21,131
Shareholders' Equity HRK mil 2,565 2,582 2,861
Interbank Borrowing HRK mil 3,243 718 518
Customer Deposits HRK mil 15,859 15,499 15,657
Issued Debt Securities HRK mil 1,822 1,804 1,794
Ratios 2015 2016 2017
ROE % -69.1 2.32 8.44
ROA % -9.41 0.257 1.09
Costs (As % Of Assets) % 2.44 3.01 2.33
Costs (As % Of Income) % 152 85.6 64.5
Capital Adequacy Ratio % 21.9 29.4 27.8
Net Interest Margin % 1.60 1.91 2.28
Loans (As % Of Deposits) % 107 79.6 66.4
NPLs (As % Of Loans) % 15.0 14.2 16.5
Provisions (As % Of NPLs) % 62.5 70.4 60.9
Growth Rates 2015 2016 2017
Total Revenue Growth % -66.1 88.2 -6.77
Operating Cost Growth % -40.7 6.35 -29.8
Operating Profit Growth % -230 -152 131
Net Profit Growth % 2,091 -102 285
Customer Loan Growth % -11.0 -27.4 -15.7
Total Asset Growth % -10.3 -17.6 0.711
Customer Deposit Growth % -13.5 -2.27 1.02
Shareholders' Equity Growth % -46.2 0.634 10.8
Employees 1,442 1,256 1,130

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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                         900 662 632 467 431    
Total Revenues HRK mil                         1,350 1,171 1,133 1,281 434    
Operating Profit HRK mil                         525 325 298 172 -224    
Net Profit HRK mil                         44.7 272 -530 -116 -2,535    
balance sheet                                      
Interbank Loans HRK mil                         473 663 221 676 678    
Customer Loans HRK mil                         29,761 24,365 21,511 19,110 17,006    
Debt Securities HRK mil                         4,825 4,141 3,322 2,759 2,833    
Total Assets HRK mil                         41,714 35,422 30,723 28,392 25,474    
Shareholders' Equity HRK mil                         5,441 5,683 4,892 4,772 2,565    
Interbank Borrowing HRK mil                         15,957 8,676 1,382 1,041 3,243    
Customer Deposits HRK mil                         16,656 18,250 19,041 18,340 15,859    
Issued Debt Securities HRK mil                         2,430 2,441 2,205 1,917 1,822    
ratios                                      
ROE %                         0.756 4.89 -10.0 -2.39 -69.1    
ROA %                         0.111 0.705 -1.60 -0.391 -9.41    
Costs (As % Of Assets) %                         2.04 2.19 2.53 3.75 2.44    
Costs (As % Of Income) %                         61.1 72.2 73.7 86.6 152    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ...         18.0 20.3 21.9 26.5 21.9    
Net Interest Margin %                         2.23 1.72 1.91 1.58 1.60    
Interest Income (As % Of Revenues) %                         66.7 56.5 55.8 36.5 99.3    
Fee Income (As % Of Revenues) %                         17.7 18.9 19.2 15.9 5.67    
Staff Cost (As % Of Total Cost) %                         39.1 35.1 35.6 24.8 42.1    
Equity (As % Of Assets) %                         13.0 16.0 15.9 16.8 10.1    
Loans (As % Of Deposits) %                         179 134 113 104 107    
Loans (As % Assets) %                         71.3 68.8 70.0 67.3 66.8    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...         28.0 14.6 13.0 12.0 15.0    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...         30.3 29.9 46.2 54.4 62.5    
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                         2,041 1,849 1,494 1,172 990    
Interest Cost HRK mil                         1,141 1,187 862 705 559    
Net Interest Income HRK mil                         900 662 632 467 431    
Net Fee Income HRK mil                         239 221 217 204 24.6    
Other Income HRK mil                         211 288 284 610 -21.4    
Total Revenues HRK mil                         1,350 1,171 1,133 1,281 434    
Staff Cost HRK mil                         323 297 298 275 277    
Depreciation HRK mil                         131 130 133 159 110    
Other Cost HRK mil                         371 419 405 675 271    
Operating Cost HRK mil                         825 846 836 1,109 658    
Operating Profit HRK mil                         525 325 298 172 -224    
Provisions HRK mil                         468 -15.1 928 300 623    
Extra and Other Cost HRK mil                         0 0 0 0 1,591    
Pre-Tax Profit HRK mil                         57.1 340 -631 -128 -2,438    
Tax HRK mil                         12.5 68.4 -100 -12.2 96.2    
Minorities HRK mil                         0 0 0 0 0    
Net Profit HRK mil                         44.7 272 -530 -116 -2,535    
growth rates                                      
Net Interest Income Growth % ...                       -12.5 -26.5 -4.47 -26.1 -7.82    
Net Fee Income Growth % ...                       -17.6 -7.35 -1.89 -6.13 -87.9    
Total Revenue Growth % ...                       -8.12 -13.3 -3.25 13.0 -66.1    
Operating Cost Growth % ...                       11.7 2.53 -1.22 32.7 -40.7    
Operating Profit Growth % ...                       -28.2 -38.1 -8.53 -42.2 -230    
Pre-Tax Profit Growth % ...                       -76.1 496 -285 -79.7 1,807    
Net Profit Growth % ...                       -76.0 509 -295 -78.2 2,091    
market share                                      
Market Share in Revenues %                         8.40 7.89 7.87 8.85 2.98    
Market Share in Net Profit %                         1.18 9.98 ... ... ...    
Market Share in Employees % ... ... ... ... ... ...             8.31 8.14 7.58 7.65 6.89    
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                         5,210 4,573 3,567 3,886 3,940    
Interbank Loans HRK mil                         473 663 221 676 678    
Customer Loans HRK mil                         29,761 24,365 21,511 19,110 17,006    
Retail Loans HRK mil                         12,252 11,596 10,757 9,716 9,332    
Mortgage Loans HRK mil ... ... ... ... ... ... ... ...         8,849 8,488 8,001 7,506 7,512    
Consumer Loans HRK mil ... ... ... ... ... ... ... ...         3,403 3,108 2,756 2,210 1,819    
Corporate Loans HRK mil                         17,003 10,363 8,710 7,675 6,709    
Debt Securities HRK mil                         4,825 4,141 3,322 2,759 2,833    
Fixed Assets HRK mil                         1,445 924 1,220 614 509    
Total Assets HRK mil                         41,714 35,422 30,723 28,392 25,474    
Shareholders' Equity HRK mil                         5,441 5,683 4,892 4,772 2,565    
Of Which Minority Interest HRK mil                         0 0 0 0 0    
Liabilities HRK mil                         36,273 29,739 25,832 23,619 22,908    
Interbank Borrowing HRK mil                         15,957 8,676 1,382 1,041 3,243    
Customer Deposits HRK mil                         16,656 18,250 19,041 18,340 15,859    
Retail Deposits HRK mil                         11,809 12,711 15,470 14,332 11,355    
Corporate Deposits HRK mil                         4,471 5,223 3,571 4,008 4,205    
Issued Debt Securities HRK mil                         2,430 2,441 2,205 1,917 1,822    
Other Liabilities HRK mil                         1,230 372 3,204 2,321 1,984    
asset quality                                      
Non-Performing Loans HRK mil ... ... ... ... ... ... ... ...         9,116 3,722 2,986 2,462 2,812    
Gross Loans HRK mil                         32,525 25,478 22,890 20,449 18,765    
Total Provisions HRK mil                         2,764 1,113 1,379 1,339 1,758    
growth rates                                      
Customer Loan Growth % ...                       5.48 -18.1 -11.7 -11.2 -11.0    
Retail Loan Growth % ...                       -0.043 -5.35 -7.24 -9.67 -3.95    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ...       -0.493 -4.08 -5.74 -6.18 0.087    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ...       1.14 -8.67 -11.3 -19.8 -17.7    
Corporate Loan Growth % ...                       4.45 -39.1 -16.0 -11.9 -12.6    
Total Asset Growth % ...                       6.63 -15.1 -13.3 -7.59 -10.3    
Shareholders' Equity Growth % ...                       -14.7 4.44 -13.9 -2.44 -46.2    
Customer Deposit Growth % ...                       5.64 9.57 4.33 -3.68 -13.5    
Retail Deposit Growth % ...                       12.3 7.64 21.7 -7.36 -20.8    
Corporate Deposit Growth % ...                       -3.01 16.8 -31.6 12.2 4.90    
market share                                      
Market Share in Customer Loans %                         11.8 10.3 9.19 8.32 7.64    
Market Share in Corporate Loans %                         15.2 10.7 9.11 8.34 7.69    
Market Share in Retail Loans % ... ... ... ... ... ... ... ...         5.22 4.86 4.38 3.49 2.90    
Market Share in Consumer Loans %                         9.56 9.18 8.70 7.94 7.75    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ...         14.1 13.6 13.2 12.7 13.0    
Market Share in Total Assets %                         10.0 8.63 7.40 6.77 6.12    
Market Share in Customer Deposits %                         7.55 8.04 8.05 7.51 6.17    
Market Share in Retail Deposits %                         6.93 7.14 8.62 7.83 6.05    
Market Share in Corporate Deposits % ... ... ... ... ...               9.29 11.6 8.44 9.17 7.92    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                      
ROE %                         0.756 4.89 -10.0 -2.39 -69.1    
ROA %                         0.111 0.705 -1.60 -0.391 -9.41    
Costs (As % Of Assets) %                         2.04 2.19 2.53 3.75 2.44    
Costs (As % Of Income) %                         61.1 72.2 73.7 86.6 152    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ...         18.0 20.3 21.9 26.5 21.9    
Tier 1 Ratio % ... ... ... ... ... ... ... ...         26.1 28.7 29.7 31.9 12.5    
Net Interest Margin %                         2.23 1.72 1.91 1.58 1.60    
Interest Spread % ...                       1.74 1.20 1.42 1.12 1.27    
Asset Yield %                         5.05 4.79 4.52 3.97 3.68    
Cost Of Liabilities % ...                       3.31 3.60 3.10 2.85 2.41    
Interest Income (As % Of Revenues) %                         66.7 56.5 55.8 36.5 99.3    
Fee Income (As % Of Revenues) %                         17.7 18.9 19.2 15.9 5.67    
Other Income (As % Of Revenues) %                         15.6 24.6 25.0 47.6 -4.94    
Cost Per Employee USD per month ... ... ... ... ... ...             2,768 2,397 2,641 2,380 2,401    
Cost Per Employee (Local Currency) HRK per month ... ... ... ... ... ...             14,808 14,026 15,074 14,113 15,995    
Staff Cost (As % Of Total Cost) %                         39.1 35.1 35.6 24.8 42.1    
Equity (As % Of Assets) %                         13.0 16.0 15.9 16.8 10.1    
Loans (As % Of Deposits) %                         179 134 113 104 107    
Loans (As % Assets) %                         71.3 68.8 70.0 67.3 66.8    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...         28.0 14.6 13.0 12.0 15.0    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...         30.3 29.9 46.2 54.4 62.5    
Provisions (As % Of Loans) %                         9.29 4.57 6.41 7.01 10.3    
Cost of Provisions (As % Of Loans) %                         1.61 -0.056 4.05 1.48 3.45    
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 ... ... ... ... ... ...             1,817 1,762 1,645 1,622 1,442    

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Addiko Croatia's npls (as % of loans) rose 16.5% to 16.5% in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's non-performing loans reached 16.5% of total loans at the end of 2017, up from 14.2% compared to the previous year. Historically, the NPL ratio hit an all time high of 31.1% in 2008 and an all time low of 11.4% in 2007. Provision covera...

Addiko Croatia's net interest margin rose 19.4% to 2.28% in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's net interest margin amounted to 2.28% in 2017, up from 1.91% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.70% in 2000 and an all time low of 1.58% in 2014. The average ma...

Addiko Croatia's total revenues fell 6.77% to HRK 761 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia generated total banking revenues of HRK 761 mil in 2017, down 6.77% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to the last year...

Addiko Croatia's customer deposits rose 1.02% to HRK 15,657 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's customer deposits reached HRK 15,657 mil in 2017, up 1.02% compared to the previous year. Croatian banking sector accepted customer deposits of HRK 273 bil in 2017, up 2.57% when compared to the last year. Addiko Bank Croatia account...

Addiko Croatia's customer loans fell 15.7% to HRK 10,401 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's customer loans reached HRK 10,401 mil in 2017, down 15.7% 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. Addiko Bank Croatia accounte...

Addiko Croatia's retail deposits fell 5.25% to HRK 10,544 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's retail deposits reached HRK 10,544 mil in 2017, down 5.25% 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. Addiko Bank Croatia accounte...

Addiko Croatia's corporate loans fell 1.48% to HRK 4,613 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's loans reached HRK 11,566 mil in the 2017, down from HRK 13,710 mil compared to the previous year. Historically, the bank’s loans reached an all time high of HRK 32,525 mil in 2011 and an all time low of HRK 11,566 mil in 2017. In t...

Addiko Croatia's corporate deposits rose 13.3% to HRK 4,609 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's corporate deposits reached HRK 4,609 mil in 2017, up 13.3% 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. Addiko Bank Croatia accou...

Addiko Croatia's consumer loans rose 19.8% to HRK 2,419 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia's consumer loans reached HRK 2,419 mil in 2017, up 19.8% compared to the previous year. Croatian banking sector provided consumer loans of HRK 64.2 bil in 2017, up 2.15% when compared to the last year. Addiko Bank Croatia accounted for...

Addiko Croatia's net interest income rose 8.28% to HRK 481 mil in 2017

By Helgi Analytics - November 05, 2019

Addiko Bank Croatia generated total banking revenues of HRK 761 mil in 2017, down 6.77% 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 1,643 mil in 2009 ...

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Addiko Bank Croatia is a successor of Hypo Alpe-Adria-Bank, an Austrian Banking Group, which was nationalized in 2009. In December 2014, the Bank was sold to Advent International and the EBRD. The bank renamed itself as Addiko Bank in 2016. The Bank operates in Croatia since 1996 providing financial products and services to corporate clients, public institutions and retail clients. Following the integration of Slavonska Banka Osijek in early 2009, Hypo Bank now covers more than 400,000 clients in all parts of Croatia through 74 branches and more than 270 ATMs. The Bank maintains approximately 8% market share on the Croatian banking market by assets and 13% in mortgage loans. The Addiko Group has numerous cross-border activities in the Alps-Adriatic region. The group is active in Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Montenegro.

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Finance

Addiko Bank Croatia has been growing its revenues and asset by -0.788% and -2.22% a year on average in the last 10 years. Its loans and deposits have grown by -4.18% and 4.53% a year during that time and loans to deposits ratio reached 66.4% at the end of 2017. The company achieved an average return on equity of -5.72% in the last decade with net profit growing 7.36% a year on average. In terms of operating efficiency, its cost to income ratio reached 64.5% in 2017, compared to 76.7% average in the last decade.

Equity represented 13.5% of total assets or 27.5% of loans at the end of 2017. Addiko Bank Croatia's non-performing loans were 16.5% of total loans while provisions covered some 60.9% of NPLs at the end of 2017.