Addiko Bank Serbia

Addiko Serbia's npls (as % of loans) fell 34.7% to 18.2% in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia's non-performing loans reached 18.2% of total loans at the end of 2017, down from 27.9% compared to the previo...

Addiko Serbia's employees fell 6.89% to 595 in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia employed 595 persons in 2017, down 6.89% when compared to the previous year. Historically, the bank's workfor...

Addiko Serbia's net profit rose 195% to RSD 1,218 mil in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia made a net profit of RSD 1,218 mil under revenues of RSD 5,995 mil in 2017, up 195% and 24.5% respectively compare...

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 3,389 2,980 3,209
Fee Income (As % Of Revenues) % 14.3 17.0 19.0
Other Income RSD mil 1,254 1,018 1,646
Total Revenues RSD mil 5,418 4,816 5,995
Staff Cost RSD mil 1,590 1,528 1,458
Operating Profit RSD mil -182 285 1,487
Provisions RSD mil 7,617 1,562 83.6
Net Profit RSD mil -7,931 -1,279 1,218
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 782 4,625 2,828
Customer Loans RSD mil 55,126 60,428 61,640
Debt Securities RSD mil 28,690 17,990 17,038
Total Assets RSD mil 101,513 97,355 94,116
Shareholders' Equity RSD mil 22,152 20,713 21,945
Interbank Borrowing RSD mil 9,644 3,514 5,383
Customer Deposits RSD mil 52,619 67,532 61,919
Issued Debt Securities RSD mil 15,710 4,322 3,774
Ratios 2015 2016 2017
ROE % -31.9 -5.97 5.71
ROA % -7.20 -1.29 1.27
Costs (As % Of Assets) % 5.09 4.56 4.71
Costs (As % Of Income) % 103 94.1 75.2
Capital Adequacy Ratio % 20.9 23.0 21.8
Net Interest Margin % 3.08 3.00 3.35
Loans (As % Of Deposits) % 105 89.5 99.5
NPLs (As % Of Loans) % 39.7 27.9 18.2
Provisions (As % Of NPLs) % 63.6 68.8 67.7
Growth Rates 2015 2016 2017
Total Revenue Growth % -9.32 -11.1 24.5
Operating Cost Growth % 21.1 -19.1 -0.512
Operating Profit Growth % -113 -256 423
Net Profit Growth % 785 -83.9 -195
Customer Loan Growth % -21.4 9.62 2.00
Total Asset Growth % -14.5 -4.10 -3.33
Customer Deposit Growth % -9.56 28.3 -8.31
Shareholders' Equity Growth % -19.7 -6.49 5.95
Employees 753 639 595

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summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Net Interest Income RSD mil             5,882 4,871 3,824 3,697 3,389    
Total Revenues RSD mil ...           9,106 7,609 6,259 5,975 5,418    
Operating Profit RSD mil ...           4,828 2,925 497 1,353 -182    
Net Profit RSD mil             1,280 1,587 -4,920 -896 -7,931    
balance sheet                          
Interbank Loans RSD mil             23,141 18,416 10,771 5,366 782    
Customer Loans RSD mil             100,654 114,030 108,153 70,117 55,126    
Debt Securities RSD mil             12,607 16,081 16,762 19,740 28,690    
Total Assets RSD mil             146,716 168,480 125,423 118,689 101,513    
Shareholders' Equity RSD mil             14,320 14,320 14,320 27,591 22,152    
Interbank Borrowing RSD mil             19,780 22,966 14,370 13,613 9,644    
Customer Deposits RSD mil             68,285 84,902 63,534 58,181 52,619    
Issued Debt Securities RSD mil             21,286 23,149 18,671 18,584 15,710    
ratios                          
ROE %             8.94 11.1 -34.4 -4.28 -31.9    
ROA %             0.879 1.01 -3.35 -0.734 -7.20    
Costs (As % Of Assets) % ...           2.94 2.97 3.92 3.79 5.09    
Costs (As % Of Income) % ...           47.0 61.6 92.1 77.4 103    
Capital Adequacy Ratio % ... ... ... ... ... ... ... 17.1 25.5 22.3 20.9    
Net Interest Margin %             4.04 3.09 2.60 3.03 3.08    
Interest Income (As % Of Revenues) % ...           64.6 64.0 61.1 61.9 62.5    
Fee Income (As % Of Revenues) % ...           10.2 11.6 13.1 12.8 14.3    
Staff Cost (As % Of Total Cost) % ...           24.1 24.1 19.6 32.1 28.4    
Equity (As % Of Assets) %             9.76 8.50 11.4 23.2 21.8    
Loans (As % Of Deposits) %             147 134 170 121 105    
Loans (As % Assets) %             68.6 67.7 86.2 59.1 54.3    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... 35.8 22.7 35.4 39.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... 37.5 48.6 43.0 63.6    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Interest Income RSD mil             10,193 10,262 8,439 6,030 5,108    
Interest Cost RSD mil             4,312 5,390 4,615 2,333 1,719    
Net Interest Income RSD mil             5,882 4,871 3,824 3,697 3,389    
Net Fee Income RSD mil             933 881 822 765 775    
Other Income RSD mil ...           2,292 1,857 1,613 1,513 1,254    
Total Revenues RSD mil ...           9,106 7,609 6,259 5,975 5,418    
Staff Cost RSD mil ...           1,032 1,129 1,132 1,486 1,590    
Depreciation RSD mil ...           331 310 296 386 325    
Other Cost RSD mil ...           2,915 3,244 4,335 2,751 3,686    
Operating Cost RSD mil ...           4,278 4,684 5,762 4,623 5,600    
Operating Profit RSD mil ...           4,828 2,925 497 1,353 -182    
Provisions RSD mil ...           3,329 1,137 5,220 2,247 7,617    
Extra and Other Cost RSD mil ...           0 0 0 0 0    
Pre-Tax Profit RSD mil             1,498 1,788 -4,722 -894 -7,799    
Tax RSD mil             218 201 198 2.19 132    
Minorities RSD mil             0 0 0 0 0    
Net Profit RSD mil             1,280 1,587 -4,920 -896 -7,931    
growth rates                          
Net Interest Income Growth % ...           7.37 -17.2 -21.5 -3.32 -8.34    
Net Fee Income Growth % ...           -12.9 -5.60 -6.68 -6.89 1.29    
Total Revenue Growth % ... ...         8.88 -16.4 -17.7 -4.53 -9.32    
Operating Cost Growth % ... ...         6.89 9.48 23.0 -19.8 21.1    
Operating Profit Growth % ... ...         10.7 -39.4 -83.0 172 -113    
Pre-Tax Profit Growth % ...           290 19.3 -364 -81.1 772    
Net Profit Growth % ...           272 23.9 -410 -81.8 785    
market share                          
Market Share in Revenues % ...           5.52 4.50 3.85 3.42 2.95    
Market Share in Net Profit %             102 13.6 ... ... ... ...  
Market Share in Employees % ...           2.98 2.94 3.15 3.06 3.10    
Market Share in Branches % ... ... ... ... ... ... ... ... 2.51 2.80 2.89    
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                          
Cash RSD mil             6,449 15,508 14,043 20,199 14,725    
Interbank Loans RSD mil             23,141 18,416 10,771 5,366 782    
Customer Loans RSD mil             100,654 114,030 108,153 70,117 55,126    
Retail Loans RSD mil ... ... ... ...     42,707 44,469 40,407 30,442 29,258    
Corporate Loans RSD mil ... ... ... ...     73,268 87,256 53,325 37,032 32,132    
Debt Securities RSD mil             12,607 16,081 16,762 19,740 28,690    
Fixed Assets RSD mil ...           2,033 2,262 2,374 1,961 1,248    
Total Assets RSD mil             146,716 168,480 125,423 118,689 101,513    
Shareholders' Equity RSD mil             14,320 14,320 14,320 27,591 22,152    
Of Which Minority Interest RSD mil             0 0 0 0 0    
Liabilities RSD mil             132,397 154,161 111,103 91,097 79,362    
Interbank Borrowing RSD mil             19,780 22,966 14,370 13,613 9,644    
Customer Deposits RSD mil             68,285 84,902 63,534 58,181 52,619    
Retail Deposits RSD mil ... ... ... ... ...   37,408 47,415 40,331 34,081 35,193    
Corporate Deposits RSD mil ... ... ... ... ...   30,877 37,486 23,202 24,100 17,426    
Issued Debt Securities RSD mil             21,286 23,149 18,671 18,584 15,710    
Other Liabilities RSD mil             23,046 23,144 14,529 720 1,389    
asset quality                          
Non-Performing Loans RSD mil ... ... ... ... ... ... ... 47,210 27,588 29,277 29,277    
Gross Loans RSD mil ... ... ... ...     115,972 131,725 121,574 82,696 73,733    
Total Provisions RSD mil ... ... ... ...     15,318 17,695 13,421 12,579 18,607    
growth rates                          
Customer Loan Growth % ...           8.70 13.3 -5.15 -35.2 -21.4    
Retail Loan Growth % ... ... ... ... ...   -16.5 4.13 -9.13 -24.7 -3.89    
Corporate Loan Growth % ... ... ... ... ...   40.0 19.1 -38.9 -30.6 -13.2    
Total Asset Growth % ...           1.47 14.8 -25.6 -5.37 -14.5    
Shareholders' Equity Growth % ...           0 0 0 92.7 -19.7    
Customer Deposit Growth % ...           12.6 24.3 -25.2 -8.43 -9.56    
Retail Deposit Growth % ... ... ... ... ... ... 31.9 26.8 -14.9 -15.5 3.26    
Corporate Deposit Growth % ... ... ... ... ... ... -4.34 21.4 -38.1 3.87 -27.7    
market share                          
Market Share in Customer Loans %             5.06 5.07 4.90 2.94 2.19    
Market Share in Corporate Loans % ... ... ... ...     7.20 7.79 5.26 3.81 3.24    
Market Share in Consumer Loans % ... ... ... ...     7.10 6.81 6.00 4.20 3.85    
Market Share in Total Assets %             5.06 5.33 3.98 3.59 2.96    
Market Share in Customer Deposits %             4.93 5.54 3.98 3.39 2.88    
Market Share in Retail Deposits % ... ... ... ... ...   4.37 4.80 3.94 3.11 3.11    
Market Share in Corporate Deposits % ... ... ... ... ...   7.29 8.68 5.41 4.82 3.02    
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                          
ROE %             8.94 11.1 -34.4 -4.28 -31.9    
ROA %             0.879 1.01 -3.35 -0.734 -7.20    
Costs (As % Of Assets) % ...           2.94 2.97 3.92 3.79 5.09    
Costs (As % Of Income) % ...           47.0 61.6 92.1 77.4 103    
Capital Adequacy Ratio % ... ... ... ... ... ... ... 17.1 25.5 22.3 20.9    
Net Interest Margin %             4.04 3.09 2.60 3.03 3.08    
Interest Spread % ...           3.72 2.75 2.26 2.63 2.62    
Asset Yield %             7.00 6.51 5.74 4.94 4.64    
Cost Of Liabilities % ...           3.28 3.76 3.48 2.31 2.02    
Interest Income (As % Of Revenues) % ...           64.6 64.0 61.1 61.9 62.5    
Fee Income (As % Of Revenues) % ...           10.2 11.6 13.1 12.8 14.3    
Other Income (As % Of Revenues) % ...           25.2 24.4 25.8 25.3 23.2    
Cost Per Employee USD per month ...           1,345 1,280 1,333 1,758 1,665    
Cost Per Employee (Local Currency) RSD per month ...           98,646 112,574 113,483 161,040 175,916    
Staff Cost (As % Of Total Cost) % ...           24.1 24.1 19.6 32.1 28.4    
Equity (As % Of Assets) %             9.76 8.50 11.4 23.2 21.8    
Loans (As % Of Deposits) %             147 134 170 121 105    
Loans (As % Assets) %             68.6 67.7 86.2 59.1 54.3    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... 35.8 22.7 35.4 39.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... 37.5 48.6 43.0 63.6    
Provisions (As % Of Loans) % ... ... ... ...     15.2 15.5 12.4 17.9 33.8    
Cost of Provisions (As % Of Loans) % ...           3.45 1.06 4.70 2.52 12.2    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                          
Branches ... ... ... ... ... ... ... ... 50.0 50.0 50.0    
Employees ...           872 836 831 769 753    
ATMs ... ... ... ... ... ... ... ... 84.0 ... ... ... ...

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Addiko Serbia's costs (as % of assets) rose 3.33% to 4.71% in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia's cost to income ratio reached 75.2% in 2017, down from 94.1% compared to the previous year. Historically, the bank’s costs reached an all time high of 103% of income in 2015 and an all time low of 75.2% in 2017. When compared to total a...

Addiko Serbia's total revenues rose 24.5% to RSD 5,995 mil in 2017

By Helgi Analytics - September 20, 2018

Addiko Bank Serbia generated total banking revenues of RSD 5,995 mil in 2017, up 24.5% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 197,856 mil in 2017, up 7.42% when compared to the last year. ...

Addiko Serbia's net interest margin rose 11.9% to 3.35% in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia's net interest margin amounted to 3.35% in 2017, up from 3.00% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.24% in 2009 and an all time low of 2.60% in 2013. The average mar...

Addiko Serbia's customer deposits fell 8.31% to RSD 61,919 mil in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia's customer deposits reached RSD 61,919 mil in 2017, down 8.31% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. Addiko Bank Serbia accoun...

Addiko Serbia's customer loans rose 2.00% to RSD 61,640 mil in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia's customer loans reached RSD 61,640 mil in 2017, up 2.00% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. Addiko Bank Serbia accounted for ...

Addiko Serbia's retail deposits fell 4.93% to RSD 35,862 mil in 2017

By Helgi Analytics - September 20, 2018

Addiko Bank Serbia's retail deposits reached RSD 35,862 mil in 2017, down 4.93% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,223 bil in 2017, up 1.09% when compared to the last year. Addiko Bank Serbia accounted ...

Addiko Serbia's corporate deposits fell 12.6% to RSD 26,057 mil in 2017

By Helgi Analytics - September 20, 2018

Addiko Bank Serbia's corporate deposits reached RSD 26,057 mil in 2017, down 12.6% compared to the previous year. Serbian banking sector accepted corporate deposits of RSD 694 bil in 2017, up 6.26% when compared to the last year. Addiko Bank Serbia accoun...

Addiko Serbia's corporate loans rose 2.15% to RSD 37,371 mil in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia's corporate loans reached RSD 37,371 mil in 2017, up 2.15% compared to the previous year. Serbian banking sector provided corporate loans of RSD 1,012 bil in 2017, up 0.160% when compared to the last year. Addiko Bank Serbia accounted f...

Addiko Serbia's net interest income rose 7.70% to RSD 3,209 mil in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia generated total banking revenues of RSD 5,995 mil in 2017, up 24.5% 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 RSD 9,405 mil in 2009 a...

Addiko Serbia's customer loan growth fell 79.2% to 2.00% in 2017

By Helgi Analytics - September 16, 2018

Addiko Bank Serbia's customer loan growth reached 2.00% in 2017, down from 9.62% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 36.0% in 2006 and an all time low of -35.2% in 2014. In the last decade, the ...

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Addiko Bank Serbia, previously known as Hypo Alpe Adria Bank Beograd is a Serbia-based subsidiary of the Austrian Banking Group with the same name. The Bank offers a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits amongst others. At the end of 2013, the Bank operated 50 branches and employed nearly 831 persons in Serbia. The Bank is headquartered in Novi Beograd, Serbia.

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Finance

Addiko Bank Serbia has been growing its revenues and asset by -4.66% and -11.0% a year on average in the last 5 years. Its loans and deposits have grown by -11.6% and -6.12% a year during that time and loans to deposits ratio reached 99.5% at the end of 2017. The company achieved an average return on equity of -14.2% in the last five years with net profit growing -5.15% a year on average. In terms of operating efficiency, its cost to income ratio reached 75.2% in 2017, compared to 88.4% average in the last five years.

Equity represented 23.3% of total assets or 35.6% of loans at the end of 2017. Addiko Bank Serbia's non-performing loans were 18.2% of total loans while provisions covered some 67.7% of NPLs at the end of 2017.