Banco BPM

Banco BPM's npls (as % of loans) fell 20.4% yoy to 9.11% in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM's non-performing loans reached 9.11% of total loans at the end of 2019-12-31, down from 11.4% compared to the previous ...

Banco BPM's capital adequacy ratio rose 19.4% yoy to 17.5% in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM's capital adequacy ratio reached 17.5% at the end of fourth quarter of 2019, up from 16.3% when compared to the previou...

Banco BPM's net profit rose 96.7% yoy to EUR 192 mil in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM made a net profit of EUR 192 mil in the fourth quarter of 2019, up 96.7% when compared to the same period of last year....

Profit Statement 2017 2018 2019
Net Interest Income EUR mil 2,029 2,345 1,998
Net Fee Income EUR mil 1,950 1,849 ...
Other Income EUR mil 3,351 575 ...
Total Revenues EUR mil 7,331 4,768 4,162
Staff Cost EUR mil 1,775 1,729 1,697
Operating Profit EUR mil -148 1,547 1,577
Provisions EUR mil 1,299 1,941 779
Net Profit EUR mil -73.8 376 661
Balance Sheet 2017 2018 2019
Interbank Loans EUR mil 11,529 10,611 10,044
Customer Loans EUR mil 101,812 96,353 105,845
Debt Securities EUR mil 31,725 36,228 37,069
Total Assets EUR mil 161,207 160,465 167,038
Shareholders' Equity EUR mil 11,964 10,305 11,887
Interbank Borrowing EUR mil 39,322 45,246 28,516
Customer Deposits EUR mil 83,668 83,088 109,506
Issued Debt Securities EUR mil 16,248 14,329 733
Ratios 2017 2018 2019
ROE % -0.616 3.37 5.96
ROA % -0.140 1.56 1.56
Costs (As % Of Assets) % 7.04 3.25 2.56
Costs (As % Of Income) % 102 67.5 62.1
Capital Adequacy Ratio % 15.2 14.7 17.5
Net Interest Margin % 1.23 1.46 1.22
Loans (As % Of Deposits) % 122 116 96.7
NPLs (As % Of Loans) % 22.2 11.4 9.11
Provisions (As % Of NPLs) % 50.1 58.3 48.3
Valuation 2017 2018 2019
Market Capitalisation (End Of Period) USD mil 4,758 3,406 3,450
Share Price (End Of Period) EUR 2.62 1.97 2.03
Price/Earnings (P/E) ... 7.91 4.65
Price/Book Value (P/BV) 0.332 0.289 0.258
Dividend Yield % 0 0 3.94
Earnings Per Share (EPS) EUR -0.049 0.249 0.436
Book Value Per Share EUR 7.90 6.82 7.85
Dividend Per Share EUR 0 0 0.080

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Net Interest Income EUR mil               1,683 1,588 2,421 2,108 2,029    
Total Revenues EUR mil               3,758 3,482 5,671 4,478 7,331    
Operating Profit EUR mil               1,164 1,161 1,868 1,267 -148    
Net Profit EUR mil               -479 -1,554 732 -921 -73.8    
balance sheet                            
Interbank Loans EUR mil               11,636 12,262 5,037 6,678 11,529    
Customer Loans EUR mil               78,267 72,620 112,536 110,551 101,812    
Debt Securities EUR mil               20,139 22,567 38,001 36,580 31,725    
Total Assets EUR mil               125,402 123,082 171,415 168,255 161,207    
Shareholders' Equity EUR mil               8,523 8,076 14,159 11,999 11,964    
Interbank Borrowing EUR mil               23,901 26,056 29,854 23,276 39,322    
Customer Deposits EUR mil               41,219 46,107 82,093 116,773 83,668    
Issued Debt Securities EUR mil               20,358 16,710 25,194 ... 16,248    
ratios                            
ROE % ...             -5.47 -18.7 6.58 -7.04 -0.616    
ROA % ...             1.44 1.54 2.02 1.14 -0.140    
Costs (As % Of Assets) % ...             3.22 3.08 4.11 2.88 7.04    
Costs (As % Of Income) %               69.0 66.6 67.1 71.7 102    
Capital Adequacy Ratio % ...             13.3 14.6 15.9 ... 15.2    
Net Interest Margin % ...             1.31 1.28 1.64 1.24 1.23    
Interest Income (As % Of Revenues) %               44.8 45.6 42.7 47.1 27.7    
Fee Income (As % Of Revenues) %               36.9 39.6 35.8 ... 26.6   ...
Staff Cost (As % Of Total Cost) %               55.3 61.1 53.5 69.9 23.7    
Equity (As % Of Assets) %               10.9 11.1 12.6 10.9 11.8    
Loans (As % Of Deposits) %               190 158 137 94.7 122    
Loans (As % Assets) %               62.4 59.0 65.7 65.7 63.2    
NPLs (As % Of Loans) % ...             23.0 23.9 ... 21.5 22.2    
Provisions (As % Of NPLs) % ...             28.2 40.7 ... 39.0 50.1    
valuation                            
Market Capitalisation (End Of Period) USD mil ...             3,387 4,407 10,941 3,663 4,758    
Number Of Shares (Average) mil ...             314 403 ... 1,515 1,515    
Share Price (End Of Period) EUR ...             7.83 7.46 9.50 2.29 2.62    
Earnings Per Share (EPS) EUR ...             -1.52 -3.85 ... -0.608 -0.049    
Book Value Per Share EUR ...             27.1 20.0 ... 7.92 7.90    
Dividend Per Share EUR               0 0 0 0 0    
Price/Earnings (P/E) ...   ...       ... ... ... ... ... ...    
Price/Book Value (P/BV) ...             0.288 0.373 ... 0.289 0.332    
Dividend Yield % ...             0 0 0 0 0    
Earnings Per Share Growth % ... ...           -8.50 153 ... ... -92.0    
Book Value Per Share Growth % ... ...           -5.10 -26.2 ... ... -0.255    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Interest Income EUR mil               3,611 3,295 3,971 ... 2,952   ...
Interest Cost EUR mil               1,929 1,707 1,550 ... 923   ...
Net Interest Income EUR mil               1,683 1,588 2,421 2,108 2,029    
Net Fee Income EUR mil               1,387 1,380 2,031 ... 1,950   ...
Other Income EUR mil               689 514 1,218 ... 3,351   ...
Total Revenues EUR mil               3,758 3,482 5,671 4,478 7,331    
Staff Cost EUR mil               1,435 1,419 2,036 2,245 1,775    
Depreciation EUR mil ...     ... ... ...   ... 76.2 ... ... 113   ...
Other Cost EUR mil ...     ... ... ...   ... 826 ... ... 5,591   ...
Operating Cost EUR mil               2,594 2,320 3,803 3,211 7,479    
Operating Profit EUR mil               1,164 1,161 1,868 1,267 -148    
Provisions EUR mil               1,663 3,476 1,219 2,958 1,299    
Extra and Other Cost EUR mil               44.4 4.79 -63.1 -312 -41.4    
Pre-Tax Profit EUR mil               -544 -2,319 713 -1,380 -1,406    
Tax EUR mil               -51.3 -727 -4.60 -440 -1,322    
Minorities EUR mil               -13.7 -38.7 -14.9 -19.4 -9.66    
Net Profit EUR mil               -479 -1,554 732 -921 -73.8    
Dividends EUR mil ...             0 0 0 0 0    
growth rates                            
Net Interest Income Growth % ...             -6.03 -5.60 52.4 -12.9 -3.74    
Net Fee Income Growth % ...             1.67 -0.529 47.2 ... ...   ...
Total Revenue Growth % ...             -4.82 -7.35 62.9 -21.0 63.7    
Operating Cost Growth % ...             8.32 -10.6 63.9 -15.5 133    
Operating Profit Growth % ...             -25.1 -0.212 60.9 -32.2 -112    
Pre-Tax Profit Growth % ...             62.7 326 -131 -294 1.88    
Net Profit Growth % ...             -8.50 224 -147 -226 -92.0    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                            
Cash EUR mil               640 620 888 898 977    
Interbank Loans EUR mil               11,636 12,262 5,037 6,678 11,529    
Customer Loans EUR mil               78,267 72,620 112,536 110,551 101,812    
Retail Loans EUR mil ... ... ...         54,560 50,206 ... ... 78,095   ...
Mortgage Loans EUR mil ... ... ...         40,434 38,353 ... ... 62,664   ...
Consumer Loans EUR mil ... ... ...         14,126 11,852 ... ... 15,431   ...
Debt Securities EUR mil               20,139 22,567 38,001 36,580 31,725    
Fixed Assets EUR mil               2,052 2,140 2,853 2,696 2,735    
Intangible Assets EUR mil               2,299 2,050 2,179 1,834 1,297    
Goodwill EUR mil ...             1,589 1,389 1,389 ... 76.4   ...
Total Assets EUR mil               125,402 123,082 171,415 168,255 161,207    
Shareholders' Equity EUR mil               8,523 8,076 14,159 11,999 11,964    
Of Which Minority Interest EUR mil               349 12.1 65.7 58.2 63.3    
Liabilities EUR mil               116,879 115,005 157,256 156,256 149,243    
Interbank Borrowing EUR mil               23,901 26,056 29,854 23,276 39,322    
Customer Deposits EUR mil               41,219 46,107 82,093 116,773 83,668    
Sight Deposits EUR mil ...             37,045 40,806 ... ... 77,391   ...
Term Deposits EUR mil ...             2,619 3,732 ... ... 3,598   ...
Issued Debt Securities EUR mil               20,358 16,710 25,194 ... 16,248    
Other Liabilities EUR mil               31,400 26,133 20,116 ... 10,006    
asset quality                            
Non-Performing Loans EUR mil ...             19,243 19,248 18,334 25,915 25,435    
Gross Loans EUR mil ...             83,700 80,458 ... 120,669 114,554    
Total Provisions EUR mil ...             5,434 7,838 ... 10,118 12,742    
growth rates                            
Customer Loan Growth % ...             -5.72 -7.21 55.0 -1.76 -7.90    
Retail Loan Growth % ... ... ... ...       -6.34 -7.98 ... ... ...   ...
Mortgage Loan Growth % ... ... ... ...       -6.02 -5.15 ... ... ...   ...
Consumer Loan Growth % ... ... ... ...       -7.24 -16.1 ... ... ...   ...
Total Asset Growth % ...             -4.94 -1.85 39.3 -1.84 -4.19    
Shareholders' Equity Growth % ...             -5.10 -5.24 75.3 -15.3 -0.297    
Customer Deposit Growth % ...             1.64 11.9 78.1 42.2 -28.3    
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                            
ROE % ...             -5.47 -18.7 6.58 -7.04 -0.616    
ROA % ...             1.44 1.54 2.02 1.14 -0.140    
Costs (As % Of Assets) % ...             3.22 3.08 4.11 2.88 7.04    
Costs (As % Of Income) %               69.0 66.6 67.1 71.7 102    
Capital Adequacy Ratio % ...             13.3 14.6 15.9 ... 15.2    
Tier 1 Ratio % ...             10.6 12.3 13.2 ... 12.7    
Net Interest Margin % ...             1.31 1.28 1.64 1.24 1.23    
Interest Spread % ...             1.20 1.18 1.56 ... 1.19   ...
Asset Yield % ...             2.81 2.65 2.70 ... 1.79   ...
Cost Of Liabilities % ...             1.61 1.47 1.14 ... 0.604   ...
Payout Ratio % ...             0 0 0 0 0    
Interest Income (As % Of Revenues) %               44.8 45.6 42.7 47.1 27.7    
Fee Income (As % Of Revenues) %               36.9 39.6 35.8 ... 26.6   ...
Other Income (As % Of Revenues) %               18.3 14.8 21.5 ... 45.7   ...
Cost Per Employee USD per month               9,238 13,319 ... 8,246 7,140    
Cost Per Employee (Local Currency) EUR per month               6,959 10,333 ... 7,691 6,359    
Staff Cost (As % Of Total Cost) %               55.3 61.1 53.5 69.9 23.7    
Equity (As % Of Assets) %               10.9 11.1 12.6 10.9 11.8    
Loans (As % Of Deposits) %               190 158 137 94.7 122    
Loans (As % Assets) %               62.4 59.0 65.7 65.7 63.2    
NPLs (As % Of Loans) % ...             23.0 23.9 ... 21.5 22.2    
Provisions (As % Of NPLs) % ...             28.2 40.7 ... 39.0 50.1    
Provisions (As % Of Loans) % ...             6.94 10.8 ... 9.15 12.5    
Cost of Provisions (As % Of Loans) % ...             2.06 4.61 1.32 2.65 1.22    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                            
Branches               1,990 1,812 1,813 2,295 2,320    
Employees               17,179 11,441 ... 24,330 23,263    
Sight (As % Of Customer Deposits) % ...             89.9 88.5 ... ... 92.5   ...
Risk-Weighted Assets EUR mil ...             49,319 47,987 44,744 74,600 75,896    
Return on Loans % ...             -0.594 -2.06 0.791 -0.826 -0.069    
Operating Profit (As % of Loans) % ...             1.44 1.54 2.02 1.14 -0.140    
Costs (As % Of Loans) % ...             3.22 3.08 4.11 2.88 7.04    
Equity (As % Of Loans) %               10.9 11.1 12.6 10.9 11.8    

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Banco BPM's employees fell 1.38% yoy to 21,941 in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM employed 21,941 persons in 2019-12-31, down 0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 24,330 persons in 2016-12-31 and an all time low of 15,783 in 2015-12-31. Average cost reached USD 7,343 per mon...

Banco BPM's price/earnings (P/E) fell 47.5% yoy to 4.00 in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM stock traded at EUR 2.03 per share at the end fourth quarter of 2019 implying a market capitalization of USD 3,450 mil. Since the end of 4Q2014, the stock has depreciated by -72.8 % implying an annual average growth of -22.9 %. In absolute terms, the value o...

Banco BPM's market capitalisation (end of period) rose 11.5% to USD 3,450 mil in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM stock traded at EUR 2.03 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 3,450 mil. Over the last five years, the stock has depreciated by 72.8 implying an annual average growth of -22.9% In absolute terms,...

Banco BPM's customer loan growth rose 284% yoy to 9.85% in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM's customer loan growth reached 9.85% in 2019-12-31, up from -5.36% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 53.8% in 2016-12-31 and an all time low of -8.04% in 2012-06-30. In the last deca...

Banco BPM's equity (as % of assets) rose 10.8% yoy to 7.12% in 4Q2019

By Helgi Analytics - February 19, 2020

Banco BPM's Equity reached of total assets in the 4Q2019, up from 6.13% for the previous year. As a share of net customer loans, the ratio amounted to at the end of the fourth quarter of 2019. ...

Banco BPM's npls (as % of loans) fell 20.4% to 9.11% in 2019

By Helgi Analytics - February 19, 2020

Banco BPM's non-performing loans reached 9.11% of total loans at the end of 2019, down from 11.4% compared to the previous year. Historically, the NPL ratio hit an all time high of 23.9% in 2014 and an all time low of 4.87% in 2007. Provision coverage amoun...

Banco BPM's net profit rose 75.9% to EUR 661 mil in 2019

By Helgi Analytics - February 19, 2020

Banco BPM made a net profit of EUR 661 mil under revenues of EUR 4,162 mil in 2019, up 75.926798304097% and -12.712911324439% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 933 mil in 2006 and an all time l...

Banco BPM's capital adequacy ratio rose 19.4% to 17.5% in 2019

By Helgi Analytics - February 19, 2020

Banco BPM's capital adequacy ratio reached 17.5% at the end of 2019, up from 14.7% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 17.5% in 2019 and an all time low of 8.72% in 2007. The Tier 1 ratio amounted to ...

Banco BPM's employees fell 1.38% to 21,941 in 2019

By Helgi Analytics - February 19, 2020

Banco BPM employed 21,941 persons in 2019, down 1.38% when compared to the previous year. Historically, the bank's workforce hit an all time high of 24,330 persons in 2016 and an all time low of 11,441 in 2014. Average cost reached USD 7,547 per month per employe...

Banco BPM's price/earnings (P/E) fell 41.3% to 4.65 in 2019

By Helgi Analytics - February 19, 2020

Banco BPM stock traded at EUR 2.03 per share at the end 2019 implying a market capitalization of USD 3,450 mil. Since the end of 2014, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the company rose b...

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