Banca Nazionale del Lavoro

Banca Nazionale del Lavoro's net interest margin fell 0.721% to 1.81% in 2018

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro's net interest margin amounted to 1.81% in 2018, down from 1.82% compared to the previous year. ...

Banca Nazionale del Lavoro's capital adequacy ratio rose 3.20% to 12.9% in 2018

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro's capital adequacy ratio reached 12.9% at the end of 2018, up from 12.5% compared to the previous year...

Banca Nazionale del Lavoro's npls (as % of loans) fell 23.3% to 12.9% in 2018

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro's non-performing loans reached 12.9% of total loans at the end of 2018, down from 16.8% compared to th...

Profit Statement 2016 2017 2018
Net Interest Income EUR mil 1,480 1,440 1,449
Net Fee Income EUR mil 1,004 1,053 1,033
Other Income EUR mil 191 54.7 155
Total Revenues EUR mil 2,675 2,547 2,637
Staff Cost EUR mil 1,020 954 982
Operating Profit EUR mil 1,007 855 934
Provisions EUR mil 611 539 454
Net Profit EUR mil 219 155 312
Balance Sheet 2016 2017 2018
Interbank Loans EUR mil 4,185 6,938 7,882
Customer Loans EUR mil 61,268 61,225 65,351
Debt Securities EUR mil 5,031 4,425 1,804
Total Assets EUR mil 79,049 78,933 81,203
Shareholders' Equity EUR mil 5,610 5,804 5,296
Interbank Borrowing EUR mil 23,598 23,900 25,982
Customer Deposits EUR mil 43,928 44,738 45,708
Issued Debt Securities EUR mil 1,361 903 504
Ratios 2016 2017 2018
ROE % 3.89 2.72 5.63
ROA % 1.65 1.40 1.48
Costs (As % Of Assets) % 2.74 2.76 2.69
Costs (As % Of Income) % 62.3 66.4 64.6
Capital Adequacy Ratio % 13.2 12.5 12.9
Net Interest Margin % 1.89 1.82 1.81
Loans (As % Of Deposits) % 139 137 143
NPLs (As % Of Loans) % 19.0 16.8 12.9
Provisions (As % Of NPLs) % 56.6 53.1 58.4
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil ... ... ...
Share Price (End Of Period) EUR ... ... ...
Earnings Per Share (EPS) EUR 0.106 0.075 0.150
Book Value Per Share EUR 2.70 2.79 2.55

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summary Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                              
Net Interest Income EUR mil                                     ... ... ...       1,839 1,620 1,747 1,582 1,480    
Total Revenues EUR mil                                     ... ... ...       2,988 2,875 2,829 2,713 2,675    
Operating Profit EUR mil                                     ... ... ...       1,105 1,088 1,089 1,050 1,007    
Net Profit EUR mil                                     ... ... ...       51.7 91.6 -111 17.4 219    
balance sheet                                                              
Interbank Loans EUR mil                                     ... ... ...       7,941 8,859 4,711 3,111 4,185    
Customer Loans EUR mil                                     ... ... ...       68,817 63,738 61,998 60,523 61,268    
Debt Securities EUR mil                                 ... ... ... ... ... ... ... ... ... ... ... ... 5,031    
Total Assets EUR mil                                     ... ... ...       91,201 85,008 80,330 77,495 79,049    
Shareholders' Equity EUR mil                                     ... ... ...       5,358 5,572 5,558 5,649 5,610    
Interbank Borrowing EUR mil                                     ... ... ...       33,638 27,987 24,602 24,808 23,598    
Customer Deposits EUR mil                                     ... ... ...       37,364 38,053 37,404 38,710 43,928    
Issued Debt Securities EUR mil                                     ... ... ...       6,252 6,293 5,901 3,007 1,361    
ratios                                                              
ROE % ...                                   ... ... ... ...     0.988 1.68 -2.00 0.311 3.89    
ROA % ...                                   ... ... ... ...     1.49 1.64 1.73 1.71 1.65    
Costs (As % Of Assets) % ...                                   ... ... ... ...     2.54 2.70 2.77 2.71 2.74    
Costs (As % Of Income) %                                     ... ... ...       63.0 62.2 61.5 61.3 62.3    
Capital Adequacy Ratio % ... ... ... ... ... ... ...                       ... ... ... ...     11.0 11.9 13.0 13.4 13.2    
Net Interest Margin % ...                                   ... ... ... ...     1.94 1.84 2.11 2.00 1.89    
Interest Income (As % Of Revenues) %                                     ... ... ...       61.5 56.3 61.8 58.3 55.3    
Fee Income (As % Of Revenues) % ... ... ... ... ...                           ... ... ...       35.5 34.5 34.7 37.5 37.5    
Staff Cost (As % Of Total Cost) %                                     ... ... ...       54.3 60.3 59.4 62.4 61.2    
Equity (As % Of Assets) %                                     ... ... ...       7.79 8.74 8.97 9.33 9.16    
Loans (As % Of Deposits) %                                     ... ... ...       184 167 166 156 139    
Loans (As % Assets) %                                     ... ... ...       75.5 75.0 77.2 78.1 77.5    
NPLs (As % Of Loans) % ... ... ... ... ...                       ... ... ... ... ... ...     ... 14.7 19.0 19.2 19.0    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...               ... ... ... ... ... ...     ... 50.9 47.6 53.3 56.6    
valuation                                                              
Market Capitalisation (End Of Period) USD mil                                     ... ... ... ... ... ... ... ... ... ... ... ... ...
Number Of Shares (Average) mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,077 2,077 2,077 2,077 2,077    
Share Price (End Of Period) EUR ... ... ... ... ... ... ... ... ... ...                 ... ... ... ... ... ... ... ... ... ... ... ... ...
Earnings Per Share (EPS) EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.025 0.044 -0.029 0.057 0.106    
Book Value Per Share EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.58 2.68 2.68 2.72 2.70    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 77.1 -166 -297 85.3    
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.99 -0.245 1.63 -0.690    
income statement Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                              
Interest Income EUR mil                                     ... ... ...       2,922 2,514 2,407 2,049 1,726    
Interest Cost EUR mil                                     ... ... ...       1,082 894 660 467 247    
Net Interest Income EUR mil                                     ... ... ...       1,839 1,620 1,747 1,582 1,480    
Net Fee Income EUR mil ... ... ... ... ...                           ... ... ...       1,061 992 983 1,018 1,004    
Other Income EUR mil ... ... ... ... ...                           ... ... ...       88.5 263 99.2 113 191    
Total Revenues EUR mil                                     ... ... ...       2,988 2,875 2,829 2,713 2,675    
Staff Cost EUR mil                                     ... ... ...       1,022 1,077 1,033 1,038 1,020    
Depreciation EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       71.9 65.6 66.5 63.4 59.6    
Other Cost EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       789 645 640 562 587    
Operating Cost EUR mil                                     ... ... ...       1,883 1,787 1,740 1,663 1,667    
Operating Profit EUR mil                                     ... ... ...       1,105 1,088 1,089 1,050 1,007    
Provisions EUR mil                                     ... ... ...       784 876 1,023 777 611    
Extra and Other Cost EUR mil                                     ... ... ...       138 121 168 239 83.8    
Pre-Tax Profit EUR mil                                     ... ... ...       183 90.9 -102 33.4 312    
Tax EUR mil                                     ... ... ...       131 -1.51 9.47 15.8 92.9    
Minorities EUR mil                                 ...   ... ... ...       -0.038 0.784 0.234 0.177 0.108    
Net Profit EUR mil                                     ... ... ...       51.7 91.6 -111 17.4 219    
Dividends EUR mil                                 ...   ... ... ... ... ... ... ... ... ... ... ... ... ...
growth rates                                                              
Net Interest Income Growth % ...                                   ... ... ... ...     -3.43 -11.9 7.82 -9.43 -6.47    
Net Fee Income Growth % ... ... ... ... ... ...                         ... ... ... ...     -4.69 -6.48 -0.927 3.62 -1.41    
Total Revenue Growth % ...                                   ... ... ... ...     -6.30 -3.78 -1.62 -4.09 -1.41    
Operating Cost Growth % ...                                   ... ... ... ...     -1.33 -5.08 -2.68 -4.39 0.250    
Operating Profit Growth % ...                                   ... ... ... ...     -13.7 -1.56 0.117 -3.61 -4.04    
Pre-Tax Profit Growth % ...                                   ... ... ... ...     -62.6 -50.4 -212 -133 835    
Net Profit Growth % ...                                   ... ... ... ...     -75.0 77.4 -221 -116 1,157    
balance sheet Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                                              
Cash EUR mil                                     ... ... ...       648 615 618 621 659    
Interbank Loans EUR mil                                     ... ... ...       7,941 8,859 4,711 3,111 4,185    
Customer Loans EUR mil                                     ... ... ...       68,817 63,738 61,998 60,523 61,268    
Retail Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 46,445 45,473 46,532    
Mortgage Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 37,947    
Consumer Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 8,585    
Debt Securities EUR mil                                 ... ... ... ... ... ... ... ... ... ... ... ... 5,031    
Fixed Assets EUR mil                                     ... ... ...       1,923 1,810 1,791 1,713 1,926    
Intangible Assets EUR mil ... ... ... ... ... ... ... ...                     ... ... ...       98.7 115 127 128 137    
Goodwill EUR mil ... ... ... ... ... ... ... ... ... ... ... ...             ... ... ... ... ... ... 0 0 0 0 0    
Total Assets EUR mil                                     ... ... ...       91,201 85,008 80,330 77,495 79,049    
Shareholders' Equity EUR mil                                     ... ... ...       5,358 5,572 5,558 5,649 5,610    
Of Which Minority Interest EUR mil                                 ...   ... ... ...       3.67 5.31 6.12 7.70 3.50    
Liabilities EUR mil                                     ... ... ...       85,843 79,436 74,772 71,846 73,439    
Interbank Borrowing EUR mil                                     ... ... ...       33,638 27,987 24,602 24,808 23,598    
Customer Deposits EUR mil                                     ... ... ...       37,364 38,053 37,404 38,710 43,928    
Sight Deposits EUR mil ...                               ... ... ... ... ... ... ... ... ... ... 33,769 35,699 41,880    
Term Deposits EUR mil                                 ... ... ... ... ... ... ... ... ... ... 3,302 2,334 1,500    
Issued Debt Securities EUR mil                                     ... ... ...       6,252 6,293 5,901 3,007 1,361    
Subordinated Debt EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... ... ... ...
Other Liabilities EUR mil                                     ... ... ...       8,589 7,103 6,865 5,321 4,553    
asset quality                                                              
Non-Performing Loans EUR mil ... ... ... ... ...                       ... ... ... ... ... ...     ... 10,156 12,955 12,927 13,078    
Gross Loans EUR mil                                     ... ... ... ...     ... 68,908 68,168 67,408 68,672    
Total Provisions EUR mil           ... ... ... ...               ... ... ... ... ... ...     ... 5,170 6,170 6,884 7,405    
growth rates                                                              
Customer Loan Growth % ...                                   ... ... ... ...     -13.2 -7.38 -2.73 -2.38 1.23    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -2.09 2.33    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Asset Growth % ...                                   ... ... ... ...     -6.88 -6.79 -5.50 -3.53 2.01    
Shareholders' Equity Growth % ...                                   ... ... ... ...     5.16 3.99 -0.245 1.63 -0.690    
Customer Deposit Growth % ...                                   ... ... ... ...     3.44 1.84 -1.71 3.49 13.5    
ratios Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                                              
ROE % ...                                   ... ... ... ...     0.988 1.68 -2.00 0.311 3.89    
ROA % ...                                   ... ... ... ...     1.49 1.64 1.73 1.71 1.65    
Costs (As % Of Assets) % ...                                   ... ... ... ...     2.54 2.70 2.77 2.71 2.74    
Costs (As % Of Income) %                                     ... ... ...       63.0 62.2 61.5 61.3 62.3    
Capital Adequacy Ratio % ... ... ... ... ... ... ...                       ... ... ... ...     11.0 11.9 13.0 13.4 13.2    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ...                   ... ... ... ...     8.50 10.0 11.0 11.7 12.2    
Net Interest Margin % ...                                   ... ... ... ...     1.94 1.84 2.11 2.00 1.89    
Interest Spread % ...                                   ... ... ... ...     1.88 1.77 2.06 1.96 1.87    
Asset Yield % ...                                   ... ... ... ...     3.09 2.85 2.91 2.60 2.21    
Cost Of Liabilities % ...                                   ... ... ... ...     1.21 1.08 0.856 0.637 0.339    
Payout Ratio %                                 ...   ... ... ... ... ... ... ... ... ... ... ... ... ...
Interest Income (As % Of Revenues) %                                     ... ... ...       61.5 56.3 61.8 58.3 55.3    
Fee Income (As % Of Revenues) % ... ... ... ... ...                           ... ... ...       35.5 34.5 34.7 37.5 37.5    
Other Income (As % Of Revenues) % ... ... ... ... ...                           ... ... ...       2.96 9.16 3.51 4.15 7.14    
Cost Per Employee USD per month                                     ... ... ...       7,911 8,688 8,142 7,415 6,856    
Cost Per Employee (Local Currency) EUR per month                                     ... ... ...       6,156 6,545 6,316 6,468 6,395    
Staff Cost (As % Of Total Cost) %                                     ... ... ...       54.3 60.3 59.4 62.4 61.2    
Equity (As % Of Assets) %                                     ... ... ...       7.79 8.74 8.97 9.33 9.16    
Loans (As % Of Deposits) %                                     ... ... ...       184 167 166 156 139    
Loans (As % Assets) %                                     ... ... ...       75.5 75.0 77.2 78.1 77.5    
NPLs (As % Of Loans) % ... ... ... ... ...                       ... ... ... ... ... ...     ... 14.7 19.0 19.2 19.0    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...               ... ... ... ... ... ...     ... 50.9 47.6 53.3 56.6    
Provisions (As % Of Loans) %           ... ... ... ...               ... ... ... ... ... ...     ... 8.11 9.95 11.4 12.1    
Cost of Provisions (As % Of Loans) % ...                                   ... ... ... ...     1.06 1.32 1.63 1.27 1.00    
other data Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                                              
Branches ... ... ... ... ... ... ... ... ...               ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Employees                                     ... ... ...       13,838 13,718 13,628 13,371 13,294    
Sight (As % Of Customer Deposits) % ...                               ... ... ... ... ... ... ... ... ... ... 90.3 92.2 95.3    
Risk-Weighted Assets EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     69,106 55,804 50,468 42,611 41,815    
Return on Loans % ...                                   ... ... ... ...     0.070 0.138 -0.177 0.028 0.360    
Operating Profit (As % of Loans) % ...                                   ... ... ... ...     1.49 1.64 1.73 1.71 1.65    
Costs (As % Of Loans) % ...                                   ... ... ... ...     2.54 2.70 2.77 2.71 2.74    
Equity (As % Of Loans) %                                     ... ... ...       7.79 8.74 8.97 9.33 9.16    

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Banca Nazionale del Lavoro's net profit rose 102% to EUR 312 mil in 2018

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro made a net profit of EUR 312 mil under revenues of EUR 2,637 mil in 2018, up 101.59553533985% and 3.513827598662% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 476 mil in 2000 an...

Banca Nazionale del Lavoro's customer loan growth rose 9,722% to 6.74% in 2018

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro's customer loan growth reached 6.74% in 2018, up from -0.070% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 31.5% in 1990 and an all time low of -13.2% in 2012. In the last deca...

Banca Nazionale del Lavoro's net profit remain unchanged yoy at EUR 182 mil in 1Q2007

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro made a net profit of EUR 182 mil under revenues of EUR 822 mil in the first quarter of 2007, down 0% and 0% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of EUR...

Banca Nazionale del Lavoro's market capitalisation (end of period) rose 8.03% to USD 10,956 mil in 1Q2007

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro stock traded at EUR 2.92 per share at the end of first quarter of 2007 implying a market capitalization of USD 10,956 mil. Over the last five years, the stock has appreciated by 20.9 implying an annual average growth of 3.87% In...

Banca Nazionale del Lavoro's capital adequacy ratio remain unchanged yoy at 9.70% in 1Q2007

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro's capital adequacy ratio reached 9.70% at the end of first quarter of 2007, up from 8.60% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 11.9% in 4Q2004 and an all time low of 8.60% i...

Banca Nazionale del Lavoro's equity (as % of assets) remain unchanged yoy at 6.02% in 1Q2007

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro's Equity reached 13.2% of total assets in the 1Q2007, down from 14.7% for the previous year. As a share of net customer loans, the ratio amounted to 29.5% at the end of the first quarter of 2007. ...

Banca Nazionale del Lavoro's customer loan growth fell 100% yoy to 0% in 1Q2007

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro's customer loan growth reached 0% in 2007-03-31, down from 7.69% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 8.96% in 2005-09-30 and an all time low of -8.60% in 2004-03-31. I...

Banca Nazionale del Lavoro's net interest income remain unchanged yoy at EUR 378 mil in 1Q2007

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro generated total banking revenues of EUR 582 mil in the fourth quarter of 2006, down 0% when compared to the same period of last year and 21% when compared to the previous quarter. Historically, the bank’s revenues containing of inte...

Banca Nazionale del Lavoro's employees remain unchanged yoy at 17,127 in 1Q2007

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro employed 17,127 persons in 2006-09-30, down 10.1% when compared to the previous year. Historically, the bank's workforce hit an all time high of 19,054 persons in 2006-06-30 and an all time low of 16,876 in 2004-12-31. Average cost reach...

Banca Nazionale del Lavoro's employees rose 1.56% to 17,347 in 2018

By Helgi Analytics - February 19, 2020

Banca Nazionale del Lavoro employed 17,347 persons in 2003, down 5.23% when compared to the previous year. Historically, the bank's workforce hit an all time high of 24,358 persons in 1997 and an all time low of 17,347 in 2003. Average cost reached USD 6,042 per m...

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