By Helgi Analytics - March 13, 2023
Bank Handlowy made a net profit of PLN 479 mil in the fourth quarter of 2022, up 206% when compared to the same period of last ye...
By Helgi Analytics - May 12, 2023
Bank Handlowy's net interest margin amounted to 5.05% in the fourth quarter of 2022, up from 4.13% when compared to the previous...
By Helgi Analytics - March 13, 2023
Bank Handlowy's customer deposits reached PLN 50,347 mil in 2022-09-30, up 9.49% compared to the previous year. Polish banking ...
| Profit Statement | 2020 | 2021 | 2022 | |
| Net Interest Income | PLN mil | 1,013 | 788 | 2,741 |
| Net Fee Income | PLN mil | 560 | 650 | 580 |
| Other Income | PLN mil | 580 | 916 | 327 |
| Total Revenues | PLN mil | 2,154 | 2,354 | 3,648 |
| Staff Cost | PLN mil | 531 | 548 | 596 |
| Operating Profit | PLN mil | 939 | 1,152 | 2,310 |
| Provisions | PLN mil | 198 | 38.8 | 105 |
| Net Profit | PLN mil | 347 | 717 | 1,546 |
| Balance Sheet | 2020 | 2021 | 2022 | |
| Interbank Loans | PLN mil | 570 | 4,408 | 4,854 |
| Customer Loans | PLN mil | 21,914 | 17,888 | 17,810 |
| Investments | PLN mil | 31,753 | 30,547 | 44,210 |
| Total Assets | PLN mil | 60,942 | 61,863 | 69,801 |
| Shareholders' Equity | PLN mil | 7,581 | 7,383 | 7,960 |
| Interbank Borrowing | PLN mil | 8,775 | 9,972 | 9,691 |
| Customer Deposits | PLN mil | 43,394 | 43,508 | 50,513 |
| Issued Debt Securities | PLN mil | 0 | 0 | 0 |
| Ratios | 2020 | 2021 | 2022 | |
| ROE | % | 4.73 | 9.59 | 20.1 |
| ROA | % | 0.614 | 1.17 | 2.35 |
| Costs (As % Of Assets) | % | 2.15 | 1.96 | 2.03 |
| Costs (As % Of Income) | % | 56.4 | 51.1 | 36.7 |
| Capital Adequacy Ratio | % | 22.0 | 20.1 | 17.6 |
| Net Interest Margin | % | 1.80 | 1.28 | 4.16 |
| Loans (As % Of Deposits) | % | 50.5 | 41.1 | 35.3 |
| NPLs (As % Of Loans) | % | 3.70 | 4.80 | 4.69 |
| Provisions (As % Of NPLs) | % | 100 | 98.7 | 97.9 |
| Valuation | 2020 | 2021 | 2022 | |
| Market Capitalisation | USD mil | 1,229 | 1,899 | 1,994 |
| Number Of Shares | mil | 131 | 131 | 131 |
| Share Price | PLN | 35.2 | 59.0 | 75.6 |
| Price/Earnings (P/E) | 13.2 | 10.7 | 6.39 | |
| Price/Book Value (P/BV) | 0.606 | 1.04 | 1.24 | |
| Dividend Yield | % | 9.84 | 9.27 | ... |
| Earnings Per Share (EPS) | PLN | 2.65 | 5.49 | 11.8 |
| Book Value Per Share | PLN | 58.0 | 56.5 | 60.9 |
| Dividend Per Share | PLN | 3.46 | 5.47 | ... |
Get all company financials in excel:
| summary | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| income statement | ||||||||||||||||||||||||||||
| Net Interest Income | PLN mil | ... | 1,012 | 1,092 | 1,117 | 1,165 | 1,013 | |||||||||||||||||||||
| Total Revenues | PLN mil | ... | 2,093 | 2,184 | 2,278 | 2,334 | 2,154 | |||||||||||||||||||||
| Operating Profit | PLN mil | ... | 899 | 975 | 1,084 | 1,059 | 939 | |||||||||||||||||||||
| Net Profit | PLN mil | ... | 524 | 531 | 642 | 481 | 347 | |||||||||||||||||||||
| balance sheet | ||||||||||||||||||||||||||||
| Interbank Loans | PLN mil | ... | 2,277 | 837 | 1,334 | 1,166 | 570 | |||||||||||||||||||||
| Customer Loans | PLN mil | ... | 17,170 | 19,849 | 21,949 | 23,732 | 21,914 | |||||||||||||||||||||
| Investments | PLN mil | ... | 22,877 | 19,646 | 16,527 | 19,469 | 31,753 | |||||||||||||||||||||
| Total Assets | PLN mil | ... | 45,210 | 43,038 | 49,305 | 51,979 | 60,942 | |||||||||||||||||||||
| Shareholders' Equity | PLN mil | ... | 6,790 | 6,939 | 7,057 | 7,075 | 7,581 | |||||||||||||||||||||
| Interbank Borrowing | PLN mil | ... | 8,430 | 2,922 | 1,754 | 2,374 | 8,775 | |||||||||||||||||||||
| Customer Deposits | PLN mil | ... | 29,123 | 32,137 | 38,334 | 39,788 | 43,394 | |||||||||||||||||||||
| Issued Debt Securities | PLN mil | ... | ... | ... | 0 | 0 | 0 | 143 | 0 | |||||||||||||||||||
| ratios | ||||||||||||||||||||||||||||
| ROE | % | ... | ... | ... | 7.68 | 7.74 | 9.18 | 6.81 | 4.73 | |||||||||||||||||||
| ROA | % | ... | ... | ... | 1.11 | 1.20 | 1.39 | 0.951 | 0.614 | |||||||||||||||||||
| Costs (As % Of Assets) | % | ... | ... | ... | 2.52 | 2.74 | 2.59 | 2.52 | 2.15 | |||||||||||||||||||
| Costs (As % Of Income) | % | ... | 57.1 | 55.4 | 52.4 | 54.6 | 56.4 | |||||||||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | 17.4 | 17.9 | 16.8 | 17.2 | 22.0 | |||||||||||||||||||
| Net Interest Margin | % | ... | ... | ... | 2.14 | 2.47 | 2.42 | 2.30 | 1.80 | |||||||||||||||||||
| Interest Income (As % Of Revenues) | % | ... | 48.3 | 50.0 | 49.0 | 49.9 | 47.1 | |||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | ... | 26.8 | 26.6 | 24.1 | 24.2 | 26.0 | |||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | 46.3 | 43.9 | 44.4 | 40.8 | 43.7 | ||||||||||||||||||
| Equity (As % Of Assets) | % | ... | 15.0 | 16.1 | 14.3 | 13.6 | 12.4 | |||||||||||||||||||||
| Loans (As % Of Deposits) | % | ... | 59.0 | 61.8 | 57.3 | 59.6 | 50.5 | |||||||||||||||||||||
| Loans (As % Assets) | % | ... | 38.0 | 46.1 | 44.5 | 45.7 | 36.0 | |||||||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 3.57 | 3.54 | 3.21 | 3.41 | 3.70 | ||||||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 86.2 | 81.3 | 91.8 | 83.0 | 100 | ||||||||||||||||||
| valuation | ||||||||||||||||||||||||||||
| Market Capitalisation | USD mil | ... | ... | 2,390 | 3,080 | 2,411 | 1,786 | 1,229 | ||||||||||||||||||||
| Number Of Shares | mil | ... | ... | ... | 131 | 131 | 131 | 131 | 131 | |||||||||||||||||||
| Share Price | PLN | ... | ... | 76.4 | 81.9 | 69.1 | 51.8 | 35.2 | ||||||||||||||||||||
| Earnings Per Share (EPS) | PLN | ... | ... | ... | 4.01 | 4.07 | 4.92 | 3.68 | 2.65 | |||||||||||||||||||
| Book Value Per Share | PLN | ... | ... | ... | 52.0 | 53.1 | 54.0 | 54.1 | 58.0 | |||||||||||||||||||
| Dividend Per Share | PLN | ... | ... | 4.53 | 4.11 | 5.00 | 3.74 | 3.46 | ... | |||||||||||||||||||
| Price/Earnings (P/E) | ... | ... | ... | 19.1 | 20.1 | 14.1 | 14.1 | 13.2 | ||||||||||||||||||||
| Price/Book Value (P/BV) | ... | ... | ... | 1.47 | 1.54 | 1.28 | 0.957 | 0.606 | ||||||||||||||||||||
| Dividend Yield | % | ... | ... | ... | 5.93 | 5.02 | 7.24 | 7.22 | 9.84 | ... | ||||||||||||||||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | -23.7 | 1.41 | 20.9 | -25.1 | -27.9 | |||||||||||||||||
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | -0.879 | 2.19 | 1.70 | 0.254 | 7.16 |
| income statement | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| income statement | ||||||||||||||||||||||||||||
| Interest Income | PLN mil | ... | 1,267 | 1,361 | 1,314 | 1,418 | 1,131 | |||||||||||||||||||||
| Interest Cost | PLN mil | ... | 255 | 269 | 197 | 253 | 117 | |||||||||||||||||||||
| Net Interest Income | PLN mil | ... | 1,012 | 1,092 | 1,117 | 1,165 | 1,013 | |||||||||||||||||||||
| Net Fee Income | PLN mil | ... | 561 | 581 | 550 | 565 | 560 | |||||||||||||||||||||
| Fee Income | PLN mil | ... | 639 | 665 | 639 | 653 | 645 | ... | ... | |||||||||||||||||||
| Fee Expense | PLN mil | ... | 78.1 | 83.9 | 89.0 | 88.5 | 85.2 | ... | ... | |||||||||||||||||||
| Other Income | PLN mil | ... | 520 | 512 | 611 | 604 | 580 | |||||||||||||||||||||
| Total Revenues | PLN mil | ... | 2,093 | 2,184 | 2,278 | 2,334 | 2,154 | |||||||||||||||||||||
| Staff Cost | PLN mil | ... | ... | ... | ... | 553 | 531 | 530 | 521 | 531 | ||||||||||||||||||
| Depreciation | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 32.2 | 29.7 | 28.8 | 41.5 | ... | |||||||||
| Other Cost | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 609 | 648 | 636 | 713 | ... | |||||||||
| Operating Cost | PLN mil | ... | 1,194 | 1,209 | 1,194 | 1,275 | 1,214 | |||||||||||||||||||||
| Operating Profit | PLN mil | ... | 899 | 975 | 1,084 | 1,059 | 939 | |||||||||||||||||||||
| Provisions | PLN mil | ... | 83.0 | 112 | 75.1 | 213 | 198 | |||||||||||||||||||||
| Extra and Other Cost | PLN mil | ... | 147 | 161 | 176 | 186 | 209 | |||||||||||||||||||||
| Pre-Tax Profit | PLN mil | ... | 668 | 702 | 833 | 660 | 532 | |||||||||||||||||||||
| Tax | PLN mil | ... | 145 | 170 | 191 | 178 | 186 | |||||||||||||||||||||
| Minorities | PLN mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| Net Profit | PLN mil | ... | 524 | 531 | 642 | 481 | 347 | |||||||||||||||||||||
| Net Profit Avail. to Common | PLN mil | ... | 524 | 531 | 642 | 481 | 347 | |||||||||||||||||||||
| Dividends | PLN mil | ... | ... | 592 | 537 | 489 | 0 | 157 | ... | |||||||||||||||||||
| growth rates | ||||||||||||||||||||||||||||
| Net Interest Income Growth | % | ... | ... | ... | 2.81 | 7.90 | 2.34 | 4.27 | -13.0 | |||||||||||||||||||
| Net Fee Income Growth | % | ... | ... | ... | -11.1 | 3.46 | -5.29 | 2.71 | -0.870 | |||||||||||||||||||
| Total Revenue Growth | % | ... | ... | ... | -4.59 | 4.37 | 4.32 | 2.45 | -7.74 | |||||||||||||||||||
| Operating Cost Growth | % | ... | ... | ... | -2.95 | 1.29 | -1.28 | 6.77 | -4.75 | |||||||||||||||||||
| Operating Profit Growth | % | ... | ... | ... | -6.68 | 8.45 | 11.3 | -2.32 | -11.3 | |||||||||||||||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | -22.8 | 4.99 | 18.7 | -20.8 | -19.3 | |||||||||||||||||||
| Net Profit Growth | % | ... | ... | ... | -23.7 | 1.41 | 20.9 | -25.1 | -28.0 | |||||||||||||||||||
| market share | ||||||||||||||||||||||||||||
| Market Share in Revenues | % | ... | 3.54 | 3.53 | 3.54 | 3.32 | 3.49 | ... | ||||||||||||||||||||
| Market Share in Net Profit | % | ... | 3.76 | 3.89 | 4.92 | 3.50 | -103 | |||||||||||||||||||||
| Market Share in Employees | % | ... | ... | ... | ... | ... | ... | 2.16 | 2.17 | 2.02 | 1.96 | 2.01 | ... | |||||||||||||||
| Market Share in Bank Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.57 | 2.44 | 2.24 | 2.07 | ... | ... | ... | ||||||
| Market Share in Debit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.801 | 0.755 | 0.695 | 0.640 | ... | ... | ... | ||||||
| Market Share in Credit Cards | % | ... | ... | ... | ... | ... | ... | 11.9 | 12.1 | 11.6 | 11.3 | ... | ... | ... | ||||||||||||||
| Market Share in Branches | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.183 | 0.217 | 0.198 | 0.171 | 0.182 | ... | ... |
| balance sheet | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| balance sheet | ||||||||||||||||||||||||||||
| Cash & Cash Equivalents | PLN mil | ... | 666 | 462 | 7,272 | 3,737 | 4,488 | |||||||||||||||||||||
| Interbank Loans | PLN mil | ... | 2,277 | 837 | 1,334 | 1,166 | 570 | |||||||||||||||||||||
| Customer Loans | PLN mil | ... | 17,170 | 19,849 | 21,949 | 23,732 | 21,914 | |||||||||||||||||||||
| Retail Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,982 | 7,093 | 7,535 | 7,707 | 7,622 | |||||||||
| Mortgage Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,316 | 1,474 | 1,650 | 1,889 | 2,200 | |||||||
| Consumer Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,096 | 5,323 | 5,508 | 5,491 | 5,015 | |||||||
| Corporate Loans | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10,757 | 11,057 | 12,644 | 13,201 | 10,964 | |||||||||
| Investments | PLN mil | ... | 22,877 | 19,646 | 16,527 | 19,469 | 31,753 | |||||||||||||||||||||
| Property and Equipment | PLN mil | ... | 343 | 377 | 364 | 500 | 477 | |||||||||||||||||||||
| Intangible Assets | PLN mil | ... | ... | ... | 1,351 | 1,352 | 1,419 | 1,443 | 1,253 | |||||||||||||||||||
| Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,246 | 1,246 | 1,246 | 1,246 | ... | |||||||||
| Total Assets | PLN mil | ... | 45,210 | 43,038 | 49,305 | 51,979 | 60,942 | |||||||||||||||||||||
| Shareholders' Equity | PLN mil | ... | 6,790 | 6,939 | 7,057 | 7,075 | 7,581 | |||||||||||||||||||||
| Of Which Minority Interest | PLN mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| Liabilities | PLN mil | ... | 38,420 | 36,099 | 42,248 | 44,904 | 53,361 | |||||||||||||||||||||
| Interbank Borrowing | PLN mil | ... | 8,430 | 2,922 | 1,754 | 2,374 | 8,775 | |||||||||||||||||||||
| Customer Deposits | PLN mil | ... | 29,123 | 32,137 | 38,334 | 39,788 | 43,394 | |||||||||||||||||||||
| Retail Deposits | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9,949 | 10,349 | 11,903 | 13,462 | 15,497 | |||||||
| Corporate Deposits | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 19,174 | 16,743 | 19,154 | 21,501 | 23,104 | |||||||
| Sight Deposits | PLN mil | ... | ... | 22,302 | 22,661 | 25,692 | 28,512 | 36,243 | ||||||||||||||||||||
| Term Deposits | PLN mil | ... | ... | 6,821 | 9,284 | 12,405 | 11,007 | 6,929 | ||||||||||||||||||||
| Issued Debt Securities | PLN mil | ... | ... | ... | 0 | 0 | 0 | 143 | 0 | |||||||||||||||||||
| Other Liabilities | PLN mil | ... | ... | ... | 867 | 1,040 | 2,160 | 2,599 | 1,191 | |||||||||||||||||||
| asset quality | ||||||||||||||||||||||||||||
| Non-Performing Loans | PLN mil | ... | ... | ... | ... | 633 | 723 | 726 | 832 | 842 | ||||||||||||||||||
| Gross Loans | PLN mil | ... | 17,715 | 20,437 | 22,616 | 24,422 | 22,756 | |||||||||||||||||||||
| Risk-Weighted Assets | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 27,499 | 27,882 | 29,518 | 29,738 | 26,986 | ||||||||||||
| Total Provisions | PLN mil | ... | ... | 546 | 588 | 667 | 691 | 842 | ||||||||||||||||||||
| growth rates | ||||||||||||||||||||||||||||
| Customer Loan Growth | % | ... | ... | ... | -9.52 | 15.6 | 10.6 | 8.12 | -7.66 | |||||||||||||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.57 | 18.6 | 6.24 | 2.28 | -1.11 | ||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.564 | 12.0 | 11.9 | 14.5 | 16.4 | ||||||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.05 | 4.45 | 3.47 | -0.320 | -8.66 | ||||||
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.84 | 2.78 | 14.4 | 4.41 | -17.0 | ||||||
| Total Asset Growth | % | ... | ... | ... | -8.68 | -4.80 | 14.6 | 5.42 | 17.2 | |||||||||||||||||||
| Shareholders' Equity Growth | % | ... | ... | ... | -0.879 | 2.19 | 1.70 | 0.254 | 7.16 | |||||||||||||||||||
| Customer Deposit Growth | % | ... | ... | ... | -7.25 | 10.3 | 19.3 | 3.79 | 9.06 | |||||||||||||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.53 | 4.02 | 15.0 | 13.1 | 15.1 | ||||||
| Corporate Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 19.4 | -12.7 | 14.4 | 12.3 | 7.45 | ||||||
| market share | ||||||||||||||||||||||||||||
| Market Share in Customer Loans | % | ... | 1.47 | 1.64 | 1.64 | 1.70 | 1.56 | |||||||||||||||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.12 | 3.02 | 3.39 | 3.45 | 2.99 | |||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.911 | 1.06 | 1.07 | 1.04 | 1.00 | |||||||||
| Market Share in Consumer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.96 | 1.92 | 1.57 | 1.48 | 1.32 | |||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.332 | 0.377 | 0.432 | 0.470 | 0.519 | |||||||
| Market Share in Total Assets | % | ... | 2.71 | 2.49 | 2.61 | 2.61 | 2.61 | |||||||||||||||||||||
| Market Share in Customer Deposits | % | ... | 2.41 | 2.55 | 2.81 | 2.69 | 2.58 | |||||||||||||||||||||
| Market Share in Retail Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.49 | 1.49 | 1.56 | 1.62 | 1.72 | |||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.45 | 4.54 | 4.92 | 5.00 | 4.40 |
| ratios | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| ROE | % | ... | ... | ... | 7.68 | 7.74 | 9.18 | 6.81 | 4.73 | |||||||||||||||||||
| ROTE | % | ... | ... | ... | ... | ... | 9.59 | 9.63 | 11.4 | 8.54 | 5.80 | |||||||||||||||||
| ROE (@ 15% of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.6 | 12.8 | 14.9 | 10.8 | 8.15 | |||||||||||
| ROA | % | ... | ... | ... | 1.11 | 1.20 | 1.39 | 0.951 | 0.614 | |||||||||||||||||||
| Return on Loans | % | ... | ... | ... | 2.90 | 2.87 | 3.07 | 2.11 | 1.52 | |||||||||||||||||||
| Operating Profit (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.24 | 3.52 | 3.78 | 3.58 | 3.31 | |||||||||||
| Costs (As % Of Assets) | % | ... | ... | ... | 2.52 | 2.74 | 2.59 | 2.52 | 2.15 | |||||||||||||||||||
| Costs (As % Of Income) | % | ... | 57.1 | 55.4 | 52.4 | 54.6 | 56.4 | |||||||||||||||||||||
| Costs (As % Of Loans) | % | ... | ... | ... | 6.61 | 6.53 | 5.71 | 5.58 | 5.32 | |||||||||||||||||||
| Costs (As % Of Loans & Deposits) | % | ... | ... | ... | 2.47 | 2.46 | 2.13 | 2.06 | 1.88 | |||||||||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | 17.4 | 17.9 | 16.8 | 17.2 | 22.0 | |||||||||||||||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17.4 | 17.9 | 16.8 | 17.2 | 22.0 | ||||||||
| Net Interest Margin | % | ... | ... | ... | 2.14 | 2.47 | 2.42 | 2.30 | 1.80 | |||||||||||||||||||
| Interest Spread | % | ... | ... | ... | 2.05 | 2.36 | 2.34 | 2.22 | 1.76 | |||||||||||||||||||
| Asset Yield | % | ... | ... | ... | 2.67 | 3.08 | 2.85 | 2.80 | 2.00 | |||||||||||||||||||
| Revenues (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.54 | 7.89 | 7.94 | 7.88 | 7.59 | |||||||||||
| Cost Of Liabilities | % | ... | ... | ... | 0.629 | 0.723 | 0.503 | 0.580 | 0.239 | |||||||||||||||||||
| Payout Ratio | % | ... | ... | 113 | 101 | 76.1 | 0 | 45.2 | ... | |||||||||||||||||||
| Interest Income (As % Of Revenues) | % | ... | 48.3 | 50.0 | 49.0 | 49.9 | 47.1 | |||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | ... | 26.8 | 26.6 | 24.1 | 24.2 | 26.0 | |||||||||||||||||||||
| Other Income (As % Of Revenues) | % | ... | 24.8 | 23.4 | 26.8 | 25.9 | 26.9 | |||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | 46.3 | 43.9 | 44.4 | 40.8 | 43.7 | ||||||||||||||||||
| Equity (As % Of Assets) | % | ... | 15.0 | 16.1 | 14.3 | 13.6 | 12.4 | |||||||||||||||||||||
| Equity (As % Of Loans) | % | ... | 39.5 | 35.0 | 32.2 | 29.8 | 34.6 | |||||||||||||||||||||
| Loans (As % Of Deposits) | % | ... | 59.0 | 61.8 | 57.3 | 59.6 | 50.5 | |||||||||||||||||||||
| Loans (As % Assets) | % | ... | 38.0 | 46.1 | 44.5 | 45.7 | 36.0 | |||||||||||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 3.57 | 3.54 | 3.21 | 3.41 | 3.70 | ||||||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 86.2 | 81.3 | 91.8 | 83.0 | 100 | ||||||||||||||||||
| Provisions (As % Of Loans) | % | ... | ... | 3.18 | 2.96 | 3.04 | 2.91 | 3.84 | ||||||||||||||||||||
| Cost of Provisions (As % Of Loans) | % | ... | ... | ... | 0.459 | 0.603 | 0.359 | 0.934 | 0.868 |
| other data | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Branches | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 25.0 | 30.0 | 25.0 | 21.0 | 19.0 | |||||||||||
| Employees | ... | ... | ... | ... | ... | ... | 3,640 | 3,561 | 3,276 | 3,071 | 2,994 | |||||||||||||||||
| Employees Per Bank Branch | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 146 | 119 | 131 | 146 | 158 | |||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | ... | 3,132 | 3,246 | 3,720 | 3,738 | 3,789 | ||||||||||||||
| Cost Per Employee (Local Currency) | PLN per month | ... | ... | ... | ... | ... | ... | ... | ... | 12,654 | 12,434 | 13,469 | 14,125 | 14,775 |
| customer breakdown | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.681 | 0.692 | 0.687 | 0.675 | 0.660 | |||||||
| Number of Accounts | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.601 | 0.597 | 0.600 | ... | ... |
| Payment Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.947 | 0.954 | 0.926 | 0.890 | 0.860 | ||||||||
| Debit Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.248 | 0.251 | 0.246 | 0.238 | 0.230 | ||||||||
| Credit Cards | mil | ... | ... | ... | ... | ... | ... | 0.699 | 0.703 | 0.680 | 0.652 | 0.630 | ||||||||||||||||
| Average Size of Deposit | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 63,742 | 66,613 | 72,323 | ... | ... |
| Accounts (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 87.5 | 88.5 | 90.9 | ... | ... |
| Payments Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 139 | 138 | 135 | 132 | 130 | |||||||
| Debit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 36.5 | 36.3 | 35.8 | 35.3 | 34.8 | |||||||
| Credit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 103 | 102 | 98.9 | 96.6 | 95.5 | |||||||
| Market Value per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14,668 | 15,504 | 13,185 | 10,047 | 7,000 | |||||||
| Revenue per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,074 | 3,157 | 3,314 | 3,458 | 3,263 | |||||||
| Net Profit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 769 | 768 | 934 | 713 | 525 | |||||||
| Loan per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 25,218 | 28,696 | 31,931 | 35,164 | 33,203 | |||||||
| Deposit per Customer (Local Currency) | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 42,775 | 46,461 | 55,767 | 58,954 | 65,748 | |||||||
| Market Value per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,510 | 4,453 | 3,507 | 2,646 | 1,862 | |||||||
| Revenue per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 761 | 824 | 915 | 915 | 837 | |||||||
| Net Profit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 190 | 200 | 258 | 189 | 135 | |||||||
| Loan per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6,034 | 8,243 | 8,493 | 9,259 | 8,834 | |||||||
| Deposit per Customer | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10,235 | 13,346 | 14,833 | 15,524 | 17,494 |
Get all company financials in excel:
By Helgi Analytics - May 12, 2023
Bank Handlowy's mortgage loans reached PLN 2,169 mil in 2022-09-30, down 3.39% compared to the previous year. Polish banking sector provided mortgage loans of PLN 417 bil in 2022-09-30, down 1.97% when compared to the last year. Bank Handlowy accounted fo...
By Helgi Analytics - March 13, 2023
Bank Handlowy's retail deposits reached PLN 18,212 mil in 2022-09-30, up 2.80% compared to the previous year. Polish banking sector accepted retail deposits of PLN 973 bil in 2022-09-30, up 2.72% when compared to the last year. Bank Handlowy accounted for...
By Helgi Analytics - March 13, 2023
Bank Handlowy employed 2,910 persons in 2022-12-31, up 0.588% when compared to the previous year. Historically, the bank's workforce hit an all time high of 5,840 persons in 2008-03-31 and an all time low of 2,893 in 2022-09-30. Average cost reached USD 3,970 per ...
By Helgi Analytics - March 13, 2023
Bank Handlowy generated total banking revenues of PLN 760 mil in 2022-09-30, down 24.9% compared to the previous year. Polish banking sector banking sector generated total revenues of PLN 24,268 mil in 2022-09-30, down 1.11% when compared to the last ...
By Helgi Analytics - March 13, 2023
Bank Handlowy generated total banking revenues of PLN 1,039 mil in the fourth quarter of 2022, up 94% when compared to the same period of last year and 36.6% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...
By Helgi Analytics - March 13, 2023
Bank Handlowy's non-performing loans reached 4.69% of total loans at the end of 2022-12-31, down from 4.80% compared to the previous year. Historically, the NPL ratio hit an all time high of 63.3% in 2004-03-31 and an all time low of 3.19% in 2017-06-30. Pr...
By Helgi Analytics - March 13, 2023
Bank Handlowy's consumer loans reached PLN 4,084 mil in 2022-09-30, down 4.41% compared to the previous year. Polish banking sector provided consumer loans of PLN 284 bil in 2022-09-30, down 0.631% when compared to the last year. Bank Handlowy accounted f...
By Helgi Analytics - March 13, 2023
Bank Handlowy's corporate deposits reached in 2017-12-31, down 0% compared to the previous year. Polish banking sector accepted corporate deposits of PLN 369 bil in 2017-12-31, up 9.42% when compared to the last year. Bank Handlowy accounted for of all ...
By Helgi Analytics - March 13, 2023
Bank Handlowy's cost to income ratio reached 30.4% in the fourth quarter of 2022, down from 40.4% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 73.4% of income in 1Q2017 and an all time low of 29.7% in 2Q20...
By Helgi Analytics - March 13, 2023
Bank Handlowy stock traded at per share at the end first quarter of 1970 implying a market capitalization of. Since the end of 1Q1965, the stock has A PHP Error was encountered Severity: Warning Message: A non-numeric value encountered Filename: src/Environment.php(358) : ev...
Bank Handlowy is a Poland-based commercial bank. It offers its products and services under Citibank Handlowy brand such as checking, or savings accounts, loans, insurance, and credit cards specifically targeted to individuals, small companies, and large companies. The bank was created by the 2001 merger of Bank Handlowy w Warszawie, Poland's oldest bank founded in 1870, and Citibank (Poland). The Bank's parent entity is Citibank Overseas Investment Corporation (COIC) holding 75% in the bank.
Bank Handlowy has been growing its revenues and asset by 2.32% and 4.84% a year on average in the last 10 years. Its loans and deposits have grown by 0.939% and 7.82% a year during that time and loans to deposits ratio reached 35.3% at the end of 2022. The company achieved an average return on equity of 10.2% in the last decade with net profit growing 4.68% a year on average. In terms of operating efficiency, its cost to income ratio reached 36.7% in 2022, compared to 52.2% average in the last decade.
Equity represented 11.4% of total assets or 44.7% of loans at the end of 2022. Bank Handlowy's non-performing loans were 4.69% of total loans while provisions covered some 97.9% of NPLs at the end of 2022.
Bank Handlowy stock traded at per share at the end of 2022 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 11.5% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 6.39x and price to book value (PBV) of 1.24x in 2022.
Helgi Library 
