AIK Banka

AIK Banka's net profit rose 178% to RSD 12,080 mil in 2017

By Helgi Analytics - September 17, 2018

AIK Banka made a net profit of RSD 12,080 mil under revenues of RSD 17,870 mil in 2017, up 178% and 97.8% respectively compared to th...

AIK Banka's npls (as % of loans) fell 20.8% to 17.4% in 2017

By Helgi Analytics - September 17, 2018

AIK Banka's non-performing loans reached 17.4% of total loans at the end of 2017, down from 22.0% compared to the previous year. ...

AIK Banka's customer loans rose 28.0% to RSD 114,301 mil in 2017

By Helgi Analytics - September 20, 2018

AIK Banka's customer loans reached RSD 114,301 mil in 2017, up 28.0% compared to the previous year. Serbian banking sector prov...

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 5,331 7,157 6,812
Fee Income (As % Of Revenues) % 9.67 9.92 5.67
Other Income RSD mil 737 982 10,045
Total Revenues RSD mil 6,718 9,035 17,870
Staff Cost RSD mil 959 1,249 1,274
Operating Profit RSD mil 4,157 5,001 13,466
Provisions RSD mil 163 260 -467
Net Profit RSD mil 3,994 4,338 12,080
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 11,502 9,578 12,317
Customer Loans RSD mil 86,776 89,327 114,301
Debt Securities RSD mil 44,825 42,320 33,705
Total Assets RSD mil 179,079 183,736 209,360
Shareholders' Equity RSD mil 52,385 52,936 61,162
Interbank Borrowing RSD mil 5,419 850 2,820
Customer Deposits RSD mil 119,853 128,398 143,179
Issued Debt Securities RSD mil 0 0 0
Ratios 2015 2016 2017
ROE % 7.57 8.24 21.2
ROA % 2.27 2.39 6.15
Costs (As % Of Assets) % 1.45 2.22 2.24
Costs (As % Of Income) % 38.1 44.6 24.6
Capital Adequacy Ratio % 32.8 26.2 33.3
Net Interest Margin % 3.03 3.95 3.47
Loans (As % Of Deposits) % 72.4 69.6 79.8
NPLs (As % Of Loans) % 28.4 22.0 17.4
Provisions (As % Of NPLs) % 77.7 78.2 49.4
Growth Rates 2015 2016 2017
Total Revenue Growth % -20.2 34.5 97.8
Operating Cost Growth % -25.1 57.5 9.18
Operating Profit Growth % -16.9 20.3 169
Net Profit Growth % 120 8.63 178
Customer Loan Growth % 16.1 2.94 28.0
Total Asset Growth % 3.33 2.60 13.9
Customer Deposit Growth % 7.16 7.13 11.5
Shareholders' Equity Growth % -1.44 1.05 15.5
Employees 610 611 768

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                              
Net Interest Income RSD mil                 6,351 7,541 6,736 6,724 5,331    
Total Revenues RSD mil                 7,427 6,388 7,797 8,419 6,718    
Operating Profit RSD mil ... ... ... ... ...       4,959 3,682 4,868 5,001 4,157    
Net Profit RSD mil                 3,310 4,010 1,255 1,818 3,994    
balance sheet                              
Interbank Loans RSD mil                 36,357 28,144 22,128 12,400 11,502    
Customer Loans RSD mil                 66,619 68,203 66,198 74,739 86,776    
Debt Securities RSD mil                 13,562 27,683 32,795 42,179 44,825    
Total Assets RSD mil                 143,194 154,352 152,402 173,301 179,079    
Shareholders' Equity RSD mil                 46,830 50,262 51,494 53,152 52,385    
Interbank Borrowing RSD mil                 5,341 6,814 8,887 6,700 5,419    
Customer Deposits RSD mil                 84,268 90,810 87,471 111,849 119,853    
Issued Debt Securities RSD mil                 0 0 0 0 0    
ratios                              
ROE %                 7.27 8.26 2.47 3.47 7.57    
ROA %                 2.32 2.70 0.818 1.12 2.27    
Costs (As % Of Assets) % ... ... ... ... ...       1.73 1.82 1.91 2.10 1.45    
Costs (As % Of Income) % ... ... ... ... ...       33.2 42.4 37.6 40.6 38.1    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... 34.7 38.1 36.5 32.8    
Net Interest Margin %                 4.46 5.07 4.39 4.13 3.03    
Interest Income (As % Of Revenues) %                 85.5 118 86.4 79.9 79.4    
Fee Income (As % Of Revenues) %                 12.6 12.3 8.43 9.72 9.67    
Staff Cost (As % Of Total Cost) % ... ... ... ... ...       25.0 24.2 24.6 33.4 37.4    
Equity (As % Of Assets) %                 32.7 32.6 33.8 30.7 29.3    
Loans (As % Of Deposits) %                 79.1 75.1 75.7 66.8 72.4    
Loans (As % Assets) %                 46.5 44.2 43.4 43.1 48.5    
NPLs (As % Of Loans) % ... ... ... ... ... ...     30.5 28.3 33.7 34.4 28.4    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... 51.6 50.6 69.9 77.7    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                              
Interest Income RSD mil                 12,655 12,839 11,824 10,404 7,573    
Interest Cost RSD mil                 6,304 5,298 5,088 3,680 2,242    
Net Interest Income RSD mil                 6,351 7,541 6,736 6,724 5,331    
Net Fee Income RSD mil                 933 783 657 818 650    
Other Income RSD mil                 143 -1,935 404 877 737    
Total Revenues RSD mil                 7,427 6,388 7,797 8,419 6,718    
Staff Cost RSD mil ... ... ... ... ...       616 655 720 1,143 959    
Depreciation RSD mil ... ... ... ... ...       190 243 264 170 134    
Other Cost RSD mil ... ... ... ... ...       1,662 1,808 1,945 2,105 1,469    
Operating Cost RSD mil ... ... ... ... ...       2,468 2,706 2,929 3,418 2,562    
Operating Profit RSD mil ... ... ... ... ...       4,959 3,682 4,868 5,001 4,157    
Provisions RSD mil ... ... ... ... ...       2,629 3,455 4,036 3,115 163    
Extra and Other Cost RSD mil ... ... ... ... ...       -979 -3,783 -422 0 0    
Pre-Tax Profit RSD mil                 3,310 4,010 1,255 1,887 3,994    
Tax RSD mil                 0 0 0 11.4 0    
Minorities RSD mil                 0 0 0 0 0    
Net Profit RSD mil                 3,310 4,010 1,255 1,818 3,994    
growth rates                              
Net Interest Income Growth % ...               -4.37 18.7 -10.7 -0.174 -20.7    
Net Fee Income Growth % ...               27.5 -16.1 -16.1 24.5 -20.6    
Total Revenue Growth % ...               8.90 -14.0 22.1 7.98 -20.2    
Operating Cost Growth % ... ... ... ... ... ...     1.23 9.65 8.23 16.7 -25.1    
Operating Profit Growth % ... ... ... ... ... ...     13.2 -25.8 32.2 2.73 -16.9    
Pre-Tax Profit Growth % ...               -46.6 21.2 -68.7 50.4 112    
Net Profit Growth % ...               -46.6 21.2 -68.7 44.9 120    
market share                              
Market Share in Revenues %                 4.51 3.78 4.79 4.82 3.66    
Market Share in Net Profit % ... ...             265 34.4 ... 79.9 53.6    
Market Share in Employees % ... ... ... ... ... ... ...   1.76 1.78 2.10 2.53 2.51    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... 4.02 3.13 3.18    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                              
Cash RSD mil                 7,764 11,921 11,675 27,321 19,080    
Interbank Loans RSD mil                 36,357 28,144 22,128 12,400 11,502    
Customer Loans RSD mil                 66,619 68,203 66,198 74,739 86,776    
Retail Loans RSD mil ... ... ... ... ... ... ... ... ... ... ... 15,491 16,191    
Mortgage Loans RSD mil ... ... ... ... ... ... ... ... ... ... ... 4,752 5,165    
Consumer Loans RSD mil ... ... ... ... ... ... ... ... ... ... ... 10,738 11,026    
Corporate Loans RSD mil ... ... ... ... ... ... ... ... ... ... ... 59,248 70,585    
Debt Securities RSD mil                 13,562 27,683 32,795 42,179 44,825    
Fixed Assets RSD mil                 848 867 929 1,151 1,178    
Total Assets RSD mil                 143,194 154,352 152,402 173,301 179,079    
Shareholders' Equity RSD mil                 46,830 50,262 51,494 53,152 52,385    
Of Which Minority Interest RSD mil                 0 0 0 0 0    
Liabilities RSD mil                 96,363 104,090 100,908 120,149 126,694    
Interbank Borrowing RSD mil                 5,341 6,814 8,887 6,700 5,419    
Customer Deposits RSD mil                 84,268 90,810 87,471 111,849 119,853    
Retail Deposits RSD mil ... ... ... ... ... ... ... ... ... ... 69,887 76,877 76,141    
Corporate Deposits RSD mil ... ... ... ... ... ... ... ... ... ... 17,583 34,972 43,713    
Issued Debt Securities RSD mil                 0 0 0 0 0    
Other Liabilities RSD mil                 6,754 6,466 4,550 1,600 1,422    
asset quality                              
Non-Performing Loans RSD mil ... ... ... ... ... ...     23,989 24,620 30,899 33,887 32,884    
Gross Loans RSD mil ... ... ... ... ... ...     78,575 86,997 91,797 98,566 115,870    
Total Provisions RSD mil ... ... ... ... ... ... ... ... ... 12,692 15,649 23,683 25,551    
growth rates                              
Customer Loan Growth % ...               -31.1 2.38 -2.94 12.9 16.1    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... 4.52    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... 8.68    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... 2.68    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... 19.1    
Total Asset Growth % ...               1.14 7.79 -1.26 13.7 3.33    
Shareholders' Equity Growth % ...               6.03 7.33 2.45 3.22 -1.44    
Customer Deposit Growth % ...               -2.77 7.76 -3.68 27.9 7.16    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... 10.0 -0.958    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... 98.9 25.0    
market share                              
Market Share in Customer Loans %                 3.35 3.03 3.00 3.14 3.44    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... 6.10 7.11    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... 2.77 2.67    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... 2.14 2.13    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... 1.41 1.49    
Market Share in Total Assets %                 4.93 4.89 4.84 5.24 5.23    
Market Share in Customer Deposits %                 6.08 5.93 5.49 6.51 6.55    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... 6.83 7.02 6.73    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... 4.10 6.99 7.58    
ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                              
ROE %                 7.27 8.26 2.47 3.47 7.57    
ROA %                 2.32 2.70 0.818 1.12 2.27    
Costs (As % Of Assets) % ... ... ... ... ...       1.73 1.82 1.91 2.10 1.45    
Costs (As % Of Income) % ... ... ... ... ...       33.2 42.4 37.6 40.6 38.1    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... 34.7 38.1 36.5 32.8    
Net Interest Margin %                 4.46 5.07 4.39 4.13 3.03    
Interest Spread % ...               2.38 3.34 2.75 3.06 2.48    
Asset Yield %                 8.89 8.63 7.71 6.39 4.30    
Cost Of Liabilities % ...               6.51 5.29 4.96 3.33 1.82    
Interest Income (As % Of Revenues) %                 85.5 118 86.4 79.9 79.4    
Fee Income (As % Of Revenues) %                 12.6 12.3 8.43 9.72 9.67    
Other Income (As % Of Revenues) %                 1.92 -30.3 5.18 10.4 11.0    
Cost Per Employee USD per month ... ... ... ... ... ... ...   1,362 1,229 1,273 1,638 1,240    
Cost Per Employee (Local Currency) RSD per month ... ... ... ... ... ... ...   99,934 108,137 108,451 149,972 131,024    
Staff Cost (As % Of Total Cost) % ... ... ... ... ...       25.0 24.2 24.6 33.4 37.4    
Equity (As % Of Assets) %                 32.7 32.6 33.8 30.7 29.3    
Loans (As % Of Deposits) %                 79.1 75.1 75.7 66.8 72.4    
Loans (As % Assets) %                 46.5 44.2 43.4 43.1 48.5    
NPLs (As % Of Loans) % ... ... ... ... ... ...     30.5 28.3 33.7 34.4 28.4    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... 51.6 50.6 69.9 77.7    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... 18.6 23.6 31.7 29.4    
Cost of Provisions (As % Of Loans) % ... ... ... ... ...       3.22 5.12 6.01 4.42 0.202    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                              
Branches ... ... ... ... ... ... ... ... ... ... 80.0 56.0 55.0    
Employees ... ... ... ... ... ... ...   514 505 553 635 610    

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AIK Banka's total revenues rose 97.8% to RSD 17,870 mil in 2017

By Helgi Analytics - September 20, 2018

AIK Banka generated total banking revenues of RSD 17,870 mil in 2017, up 97.8% 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. As ...

AIK Banka's employees rose 25.7% to 768 in 2017

By Helgi Analytics - September 17, 2018

AIK Banka employed 768 persons in 2017, up 25.7% when compared to the previous year. Historically, the bank's workforce hit an all time high of 768 persons in 2017 and an all time low of 553 in 2013. Average cost reached USD 1,283 per month per employee, 14.0...

AIK Banka's customer deposits rose 11.5% to RSD 143,179 mil in 2017

By Helgi Analytics - September 20, 2018

AIK Banka's customer deposits reached RSD 143,179 mil in 2017, up 11.5% 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. AIK Banka accounted for 6.78% of al...

AIK Banka's net interest margin fell 12.2% to 3.47% in 2017

By Helgi Analytics - September 17, 2018

AIK Banka's net interest margin amounted to 3.47% in 2017, down from 3.95% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.5% in 2004 and an all time low of 3.03% in 2015. The average margin in ...

AIK Banka's costs (as % of assets) rose 0.767% to 2.24% in 2017

By Helgi Analytics - September 17, 2018

AIK Banka's cost to income ratio reached 24.6% in 2017, down from 44.6% compared to the previous year. Historically, the bank’s costs reached an all time high of 44.6% of income in 2016 and an all time low of 24.6% in 2017. When compared to total assets, b...

AIK Banka's retail deposits rose 29.2% to RSD 97,070 mil in 2017

By Helgi Analytics - September 20, 2018

AIK Banka's retail deposits reached RSD 97,070 mil in 2017, up 29.2% 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. AIK Banka accounted for 7.94% of all ret...

AIK Banka's corporate deposits fell 13.4% to RSD 46,109 mil in 2017

By Helgi Analytics - September 20, 2018

AIK Banka's corporate deposits reached RSD 46,109 mil in 2017, down 13.4% 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. AIK Banka accounted for 6.64% of a...

AIK Banka's net interest income fell 4.82% to RSD 6,812 mil in 2017

By Helgi Analytics - September 17, 2018

AIK Banka generated total banking revenues of RSD 17,870 mil in 2017, up 97.8% 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 19,077 mil in 2006 and an a...

AIK Banka's customer loan growth rose 851% to 28.0% in 2017

By Helgi Analytics - September 17, 2018

AIK Banka's customer loan growth reached 28.0% in 2017, up from 2.94% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 130% in 2007 and an all time low of -31.1% in 2011. In the last decade, the average annu...

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Finance

AIK Banka has been growing its revenues and asset by 22.8% and 6.29% a year on average in the last 5 years. Its loans and deposits have grown by 10.9% and 9.53% a year during that time and loans to deposits ratio reached 79.8% at the end of 2017. The company achieved an average return on equity of 8.58% in the last five years with net profit growing 24.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 24.6% in 2017, compared to 37.1% average in the last five years.

Equity represented 29.2% of total assets or 53.5% of loans at the end of 2017. AIK Banka's non-performing loans were 17.4% of total loans while provisions covered some 49.4% of NPLs at the end of 2017.