Bank Intesa Serbia

Intesa Serbia's net interest margin fell 5.26% to 3.45% in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's net interest margin amounted to 3.45% in 2017, down from 3.64% compared to the previous year. Histori...

Intesa Serbia's net profit rose 19.4% to RSD 11,848 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia made a net profit of RSD 11,848 mil under revenues of RSD 30,089 mil in 2017, up 19.4% and 3.55% respectively comp...

Intesa Serbia's customer deposits rose 3.72% to RSD 397,705 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's customer deposits reached RSD 397,705 mil in 2017, up 3.72% compared to the previous year. Serbian banking...

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 20,210 18,914 19,249
Fee Income (As % Of Revenues) % 17.6 19.4 21.9
Other Income RSD mil 5,312 4,515 4,265
Total Revenues RSD mil 30,967 29,058 30,089
Staff Cost RSD mil 5,464 5,739 5,702
Operating Profit RSD mil 17,438 15,163 16,084
Provisions RSD mil 7,779 4,382 3,072
Net Profit RSD mil 8,585 9,924 11,848
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 36,168 37,592 29,354
Customer Loans RSD mil 257,849 271,750 301,894
Debt Securities RSD mil 79,552 122,390 159,482
Total Assets RSD mil 487,799 551,416 564,860
Shareholders' Equity RSD mil 114,598 124,141 119,007
Interbank Borrowing RSD mil 31,095 34,056 32,375
Customer Deposits RSD mil 331,332 383,453 397,705
Issued Debt Securities RSD mil 74.4 2.59 4.85
Ratios 2015 2016 2017
ROE % 7.81 8.31 9.75
ROA % 1.79 1.91 2.12
Costs (As % Of Assets) % 2.82 2.67 2.51
Costs (As % Of Income) % 43.7 47.8 46.5
Capital Adequacy Ratio % 20.7 21.5 20.8
Net Interest Margin % 4.21 3.64 3.45
Loans (As % Of Deposits) % 77.8 70.9 75.9
NPLs (As % Of Loans) % 18.4 14.3 9.25
Provisions (As % Of NPLs) % 50.0 55.4 51.5
Growth Rates 2015 2016 2017
Total Revenue Growth % 4.75 -6.16 3.55
Operating Cost Growth % 1.74 2.70 0.801
Operating Profit Growth % 7.21 -13.0 6.07
Net Profit Growth % 26.1 15.6 19.4
Customer Loan Growth % 1.78 5.39 11.1
Total Asset Growth % 3.14 13.0 2.44
Customer Deposit Growth % 8.08 15.7 3.72
Shareholders' Equity Growth % 8.92 8.33 -4.14
Employees 3,010 3,032 2,934

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Net Interest Income RSD mil                   19,528 19,551 21,213 21,064 20,210    
Total Revenues RSD mil                   50,767 57,149 29,049 29,562 30,967    
Operating Profit RSD mil                   15,039 15,673 17,262 16,265 17,438    
Net Profit RSD mil                   9,591 9,493 8,608 6,809 8,585    
balance sheet                                
Interbank Loans RSD mil                   83,163 56,758 56,151 70,432 36,168    
Customer Loans RSD mil                   280,005 277,244 255,676 253,346 257,849    
Debt Securities RSD mil                   2,648 31,054 56,151 57,705 79,552    
Total Assets RSD mil                   392,323 413,330 426,269 472,957 487,799    
Shareholders' Equity RSD mil                   80,414 90,052 98,887 105,209 114,598    
Interbank Borrowing RSD mil                   57,107 53,565 44,723 36,710 31,095    
Customer Deposits RSD mil                   235,365 261,538 277,750 306,563 331,332    
Issued Debt Securities RSD mil                   2,386 142 14.1 19.7 74.4    
ratios                                
ROE %                   13.9 11.1 9.11 6.67 7.81    
ROA %                   2.55 2.36 2.05 1.51 1.79    
Costs (As % Of Assets) %                   9.51 10.3 2.81 2.96 2.82    
Costs (As % Of Income) %                   70.4 72.6 40.6 45.0 43.7    
Capital Adequacy Ratio % ... ... ... ... ... ...       16.8 19.8 19.9 14.5 20.7    
Net Interest Margin %                   5.20 4.85 5.05 4.68 4.21    
Interest Income (As % Of Revenues) %                   38.5 34.2 73.0 71.3 65.3    
Fee Income (As % Of Revenues) %                   10.7 9.80 19.0 19.1 17.6    
Staff Cost (As % Of Total Cost) %                   12.4 11.4 38.1 35.4 40.4    
Equity (As % Of Assets) %                   20.5 21.8 23.2 22.2 23.5    
Loans (As % Of Deposits) %                   119 106 92.1 82.6 77.8    
Loans (As % Assets) %                   71.4 67.1 60.0 53.6 52.9    
NPLs (As % Of Loans) % ... ... ... ... ...         11.8 13.8 19.0 20.2 18.4    
Provisions (As % Of NPLs) % ... ... ... ... ...         46.5 46.1 47.7 50.3 50.0    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Interest Income RSD mil                   31,091 31,341 30,812 27,839 25,420    
Interest Cost RSD mil                   11,563 11,790 9,599 6,775 5,209    
Net Interest Income RSD mil                   19,528 19,551 21,213 21,064 20,210    
Net Fee Income RSD mil                   5,435 5,599 5,527 5,649 5,444    
Other Income RSD mil                   25,805 32,000 2,309 2,850 5,312    
Total Revenues RSD mil                   50,767 57,149 29,049 29,562 30,967    
Staff Cost RSD mil                   4,434 4,723 4,492 4,708 5,464    
Depreciation RSD mil                   865 978 907 893 913    
Other Cost RSD mil                   30,429 35,776 6,387 7,697 7,152    
Operating Cost RSD mil                   35,728 41,476 11,787 13,297 13,529    
Operating Profit RSD mil                   15,039 15,673 17,262 16,265 17,438    
Provisions RSD mil                   4,259 5,368 8,044 9,169 7,779    
Extra and Other Cost RSD mil                   90.0 0 0 0 -23.7    
Pre-Tax Profit RSD mil                   10,690 10,305 9,218 7,096 9,683    
Tax RSD mil                   2,030 812 610 288 1,098    
Minorities RSD mil                   0 0 0 0 0    
Net Profit RSD mil                   9,591 9,493 8,608 6,809 8,585    
growth rates                                
Net Interest Income Growth % ...                 12.6 0.119 8.50 -0.704 -4.05    
Net Fee Income Growth % ...                 5.24 3.01 -1.27 2.20 -3.63    
Total Revenue Growth % ...                 7.58 12.6 -49.2 1.77 4.75    
Operating Cost Growth % ...                 3.95 16.1 -71.6 12.8 1.74    
Operating Profit Growth % ...                 17.3 4.21 10.1 -5.78 7.21    
Pre-Tax Profit Growth % ...                 26.4 -3.60 -10.5 -23.0 36.4    
Net Profit Growth % ...                 25.9 -1.02 -9.33 -20.9 26.1    
market share                                
Market Share in Revenues %                   30.8 33.8 17.9 16.9 16.9    
Market Share in Net Profit % ... ... ...             767 81.5 ... 299 115    
Market Share in Employees % ...                 10.9 11.0 11.5 12.0 12.4    
Market Share in Bank Cards % ... ... ... ... ... ... ... ... ... ... 21.3 ... ... ... ... ...
Market Share in Branches % ... ... ...             8.73 8.87 9.65 9.90 9.83    
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                
Cash RSD mil                   16,223 35,014 56,591 78,554 98,939    
Interbank Loans RSD mil                   83,163 56,758 56,151 70,432 36,168    
Customer Loans RSD mil                   280,005 277,244 255,676 253,346 257,849    
Retail Loans RSD mil ... ...               78,497 85,433 86,473 87,433 98,598    
Mortgage Loans RSD mil ... ... ... ... ... ... ... ... ... ... ... 45,383 47,969 50,318    
Consumer Loans RSD mil ... ... ... ... ... ... ... ... ... ... ... 41,091 39,464 48,280    
Corporate Loans RSD mil ... ...               155,680 159,851 139,319 145,733 185,453    
Debt Securities RSD mil                   2,648 31,054 56,151 57,705 79,552    
Fixed Assets RSD mil                   7,179 8,417 8,031 7,040 9,537    
Total Assets RSD mil                   392,323 413,330 426,269 472,957 487,799    
Shareholders' Equity RSD mil                   80,414 90,052 98,887 105,209 114,598    
Of Which Minority Interest RSD mil                   0 0 0 0 0    
Liabilities RSD mil                   311,908 323,278 327,381 367,748 373,201    
Interbank Borrowing RSD mil                   57,107 53,565 44,723 36,710 31,095    
Customer Deposits RSD mil                   235,365 261,538 277,750 306,563 331,332    
Retail Deposits RSD mil ... ...               126,493 148,569 165,902 184,887 200,125    
Corporate Deposits RSD mil ... ...               108,872 112,969 111,848 121,676 131,207    
Sight Deposits RSD mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Term Deposits RSD mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issued Debt Securities RSD mil                   2,386 142 14.1 19.7 74.4    
Other Liabilities RSD mil                   17,052 8,032 4,894 24,455 10,700    
asset quality                                
Non-Performing Loans RSD mil ... ... ... ... ...         32,953 38,346 53,279 57,064 52,371    
Gross Loans RSD mil                   280,005 277,244 281,072 282,042 284,051    
Total Provisions RSD mil                   15,333 17,693 25,396 28,696 26,202    
growth rates                                
Customer Loan Growth % ...                 1.59 -0.986 -7.78 -0.911 1.78    
Retail Loan Growth % ... ... ...             7.78 8.84 1.22 1.11 12.8    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... 5.70 4.90    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... -3.96 22.3    
Corporate Loan Growth % ... ... ...             1.99 2.68 -12.8 4.60 27.3    
Total Asset Growth % ...                 9.24 5.35 3.13 11.0 3.14    
Shareholders' Equity Growth % ...                 40.4 12.0 9.81 6.39 8.92    
Customer Deposit Growth % ...                 -0.485 11.1 6.20 10.4 8.08    
Retail Deposit Growth % ... ... ...             14.2 17.5 11.7 11.4 8.24    
Corporate Deposit Growth % ... ... ...             -13.4 3.76 -0.992 8.79 7.83    
market share                                
Market Share in Customer Loans %                   14.1 12.3 11.6 10.6 10.2    
Market Share in Corporate Loans % ... ...               15.3 14.3 13.7 15.0 18.7    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... 11.5 10.2 11.7    
Market Share in Consumer Loans % ... ...               13.0 13.1 12.8 12.1 13.0    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... 14.4 14.2 14.5    
Market Share in Total Assets %                   13.5 13.1 13.5 14.3 14.2    
Market Share in Customer Deposits %                   17.0 17.1 17.4 17.8 18.1    
Market Share in Retail Deposits % ... ...               14.8 15.0 16.2 16.9 17.7    
Market Share in Corporate Deposits % ... ...               25.7 26.2 26.1 24.3 22.8    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                
ROE %                   13.9 11.1 9.11 6.67 7.81    
ROA %                   2.55 2.36 2.05 1.51 1.79    
Costs (As % Of Assets) %                   9.51 10.3 2.81 2.96 2.82    
Costs (As % Of Income) %                   70.4 72.6 40.6 45.0 43.7    
Capital Adequacy Ratio % ... ... ... ... ... ...       16.8 19.8 19.9 14.5 20.7    
Net Interest Margin %                   5.20 4.85 5.05 4.68 4.21    
Interest Spread % ...                 4.51 4.07 4.39 4.24 3.89    
Asset Yield %                   8.27 7.78 7.34 6.19 5.29    
Cost Of Liabilities % ...                 3.77 3.71 2.95 1.95 1.41    
Interest Income (As % Of Revenues) %                   38.5 34.2 73.0 71.3 65.3    
Fee Income (As % Of Revenues) %                   10.7 9.80 19.0 19.1 17.6    
Other Income (As % Of Revenues) %                   50.8 56.0 7.95 9.64 17.2    
Cost Per Employee USD per month ...                 1,574 1,428 1,446 1,416 1,432    
Cost Per Employee (Local Currency) RSD per month ...                 115,473 125,580 123,187 129,688 151,281    
Staff Cost (As % Of Total Cost) %                   12.4 11.4 38.1 35.4 40.4    
Equity (As % Of Assets) %                   20.5 21.8 23.2 22.2 23.5    
Loans (As % Of Deposits) %                   119 106 92.1 82.6 77.8    
Loans (As % Assets) %                   71.4 67.1 60.0 53.6 52.9    
NPLs (As % Of Loans) % ... ... ... ... ...         11.8 13.8 19.0 20.2 18.4    
Provisions (As % Of NPLs) % ... ... ... ... ...         46.5 46.1 47.7 50.3 50.0    
Provisions (As % Of Loans) %                   5.48 6.38 9.93 11.3 10.2    
Cost of Provisions (As % Of Loans) %                   1.53 1.93 3.02 3.60 3.04    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                
Branches ... ... ...             208 199 192 177 170    
Employees ...                 3,200 3,134 3,039 3,025 3,010    
Payment Cards '000 ... ... ... ... ... ... ... ... ... ... 1,262 ... ... ... ... ...
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...    

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Intesa Serbia's customer loans rose 11.1% to RSD 301,894 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's customer loans reached RSD 301,894 mil in 2017, up 11.1% 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. Bank Intesa Serbia accounted for...

Intesa Serbia's retail deposits rose 6.23% to RSD 237,664 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's retail deposits reached RSD 237,664 mil in 2017, up 6.23% 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. Bank Intesa Serbia accounted f...

Intesa Serbia's costs (as % of assets) fell 6.16% to 2.51% in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's cost to income ratio reached 46.5% in 2017, down from 47.8% compared to the previous year. Historically, the bank’s costs reached an all time high of 73.6% of income in 2008 and an all time low of 40.4% in 2005. When compared to total ...

Intesa Serbia's npls (as % of loans) fell 35.2% to 9.25% in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's non-performing loans reached 9.25% of total loans at the end of 2017, down from 14.3% compared to the previous year. Historically, the NPL ratio hit an all time high of 20.2% in 2014 and an all time low of 3.91% in 2008. Provision cover...

Intesa Serbia's mortgage loans rose 9.24% to RSD 60,028 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's mortgage loans reached RSD 60,028 mil in 2017, up 9.24% compared to the previous year. Serbian banking sector provided mortgage loans of RSD 356 bil in 2017, down 1.10% when compared to the last year. Bank Intesa Serbia accounted for ...

Intesa Serbia's corporate deposits rose 0.199% to RSD 160,041 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's corporate deposits reached RSD 160,041 mil in 2017, up 0.199% 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. Bank Intesa Serbia accoun...

Intesa Serbia's corporate loans rose 1.09% to RSD 179,864 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's corporate loans reached RSD 179,864 mil in 2017, up 1.09% 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. Bank Intesa Serbia accounted ...

Intesa Serbia's employees fell 3.23% to 2,934 in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia employed 2,934 persons in 2017, down 3.23% when compared to the previous year. Historically, the bank's workforce hit an all time high of 3,200 persons in 2011 and an all time low of 2,245 in 2005. Average cost reached USD 1,503 per month per e...

Intesa Serbia's total revenues rose 3.55% to RSD 30,089 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia generated total banking revenues of RSD 30,089 mil in 2017, up 3.55% 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. ...

Intesa Serbia's consumer loans rose 31.2% to RSD 79,062 mil in 2017

By Helgi Analytics - September 16, 2018

Bank Intesa Serbia's consumer loans reached RSD 79,062 mil in 2017, up 31.2% compared to the previous year. Serbian banking sector provided consumer loans of RSD 548 bil in 2017, up 14.5% when compared to the last year. Bank Intesa Serbia accounted for 15...

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Bank Intesa a.d. Beograd (or Bank Intesa Serbia) is a Serbia-based universal bank, a subsidiary of the Intesa Group. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. The Bank's deposit products include fixed deposits, fixed foreign exchange deposits, current accounts, and savings accounts. The Bank’s loan portfolio primarily comprises personal, mortgage, housing, investment, short-term, subsidized, refinanced investment, and real estate project financing loans, as well as overdrafts, trade finance, and credit guarantees. At the end of 2013, the Bank operated through 192 branches and employed over 3,000 persons. The Bank was founded in 1991 as Delta Banka and is based in Novi Beograd, Serbia.

Bank Intesa Serbia Logo

Finance

Bank Intesa Serbia has been growing its revenues and asset by 1.15% and 11.2% a year on average in the last 10 years. Its loans and deposits have grown by 12.2% and 10.2% a year during that time and loans to deposits ratio reached 75.9% at the end of 2017. The company achieved an average return on equity of 11.0% in the last decade with net profit growing 14.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 46.5% in 2017, compared to 57.8% average in the last decade.

Equity represented 21.1% of total assets or 39.4% of loans at the end of 2017. Bank Intesa Serbia's non-performing loans were 9.25% of total loans while provisions covered some 51.5% of NPLs at the end of 2017.