Bank Pocztowy

Pocztowy's net profit rose 103% to PLN 5.09 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy made a net profit of PLN 5.09 mil under revenues of PLN 344 mil in 2017, up 103% and 3.39% respectively compared to the...

Pocztowy's capital adequacy ratio rose 23.9% to 17.8% in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's capital adequacy ratio reached 17.8% at the end of 2017, up from 14.4% compared to the previous year. Histori...

Pocztowy's total revenues rose 3.39% to PLN 344 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy generated total banking revenues of PLN 344 mil in 2017, up 3.39% compared to the previous year. Polish bank...

Profit Statement 2015 2016 2017
Net Interest Income PLN mil 257 268 273
Fee Income (As % Of Revenues) % 17.6 14.3 16.0
Other Income PLN mil 11.1 17.3 16.0
Total Revenues PLN mil 325 333 344
Staff Cost PLN mil 95.3 102 104
Operating Profit PLN mil 108 108 118
Provisions PLN mil 65.2 100 105
Net Profit PLN mil 33.9 2.51 5.09
Balance Sheet 2015 2016 2017
Interbank Loans PLN mil 45.3 45.9 82.5
Customer Loans PLN mil 5,313 5,154 4,776
Debt Securities PLN mil 1,268 1,465 2,340
Total Assets PLN mil 7,213 6,937 7,461
Shareholders' Equity PLN mil 542 523 634
Interbank Borrowing PLN mil 34.4 21.9 18.4
Customer Deposits PLN mil 5,742 5,763 6,109
Issued Debt Securities PLN mil 504 356 356
Ratios 2015 2016 2017
ROE % 6.91 0.471 0.879
ROA % 0.454 0.035 0.071
Costs (As % Of Assets) % 2.91 3.18 3.14
Costs (As % Of Income) % 66.8 67.6 65.8
Capital Adequacy Ratio % 14.4 14.4 17.8
Net Interest Margin % 3.44 3.78 3.79
Loans (As % Of Deposits) % 92.5 89.4 78.2
NPLs (As % Of Loans) % 7.00 9.98 11.8
Provisions (As % Of NPLs) % 59.2 58.2 63.9
Growth Rates 2015 2016 2017
Total Revenue Growth % -2.94 2.35 3.39
Operating Cost Growth % -0.728 3.63 0.663
Operating Profit Growth % -7.09 -0.212 9.09
Net Profit Growth % -22.2 -92.6 103
Customer Loan Growth % 3.13 -2.98 -7.35
Total Asset Growth % -6.56 -3.83 7.55
Customer Deposit Growth % -11.5 0.359 6.00
Shareholders' Equity Growth % 23.4 -3.51 21.1
Employees 1,618 1,546 1,493

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summary Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                  
Net Interest Income PLN mil ... ... 194 227 244 268 257    
Total Revenues PLN mil     260 292 298 335 325    
Operating Profit PLN mil     50.4 73.8 85.6 116 108    
Net Profit PLN mil     29.6 38.9 36.0 43.6 33.9    
balance sheet                  
Interbank Loans PLN mil ... ... 29.2 29.8 36.3 158 45.3    
Customer Loans PLN mil     3,679 4,600 5,056 5,152 5,313    
Debt Securities PLN mil ... ... 1,335 1,455 1,843 1,521 1,268    
Total Assets PLN mil     5,216 7,121 7,383 7,719 7,213    
Shareholders' Equity PLN mil     321 361 392 440 542    
Interbank Borrowing PLN mil ... ... 1.86 2.82 41.8 4.02 34.4    
Customer Deposits PLN mil     4,686 6,318 6,231 6,492 5,742    
Issued Debt Securities PLN mil ... ... 92.2 349 574 458 504    
ratios                  
ROE %     9.59 11.4 9.57 10.5 6.91    
ROA %     0.631 0.631 0.497 0.578 0.454    
Costs (As % Of Assets) %     4.48 3.54 2.93 2.90 2.91    
Costs (As % Of Income) %     80.6 74.7 71.3 65.3 66.8    
Capital Adequacy Ratio %     13.9 14.0 12.9 13.4 14.4    
Net Interest Margin % ... ... 4.13 3.69 3.36 3.55 3.44    
Interest Income (As % Of Revenues) % ... ... 74.4 77.8 81.7 80.1 79.0    
Fee Income (As % Of Revenues) % ... ... 21.4 14.8 13.9 17.8 17.6    
Staff Cost (As % Of Total Cost) % ... ... ... 46.3 43.4 45.5 43.9    
Equity (As % Of Assets) %     6.16 5.08 5.31 5.70 7.52    
Loans (As % Of Deposits) %     78.5 72.8 81.1 79.4 92.5    
Loans (As % Assets) %     70.5 64.6 68.5 66.7 73.7    
NPLs (As % Of Loans) %     4.97 4.72 5.35 6.11 7.00    
Provisions (As % Of NPLs) % ... ... ... ... ... ... 59.2    
valuation                  
Number Of Shares (Average) mil ... ... ... ... 9.73 9.73 10.0    
Earnings Per Share (EPS) ... ... ... ... 3.70 4.49 3.39    
Book Value Per Share ... ... ... ... 40.3 45.2 54.2    
Earnings Per Share Growth % ... ... ... ... ... 21.1 -24.4    
Book Value Per Share Growth % ... ... ... ... ... 12.2 20.0    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                  
Interest Income PLN mil ... ... 340 451 423 416 354    
Interest Cost PLN mil ... ... 146 224 180 148 97.1    
Net Interest Income PLN mil ... ... 194 227 244 268 257    
Net Fee Income PLN mil ... ... 55.7 43.1 41.6 59.7 57.2    
Other Income PLN mil ... ... 10.8 21.8 12.9 7.00 11.1    
Total Revenues PLN mil     260 292 298 335 325    
Staff Cost PLN mil ... ... ... 101 92.4 99.4 95.3    
Depreciation PLN mil ... ... ... 21.0 21.9 20.8 18.2    
Other Cost PLN mil ... ... ... 96.3 98.4 98.4 104    
Operating Cost PLN mil     210 218 213 219 217    
Operating Profit PLN mil     50.4 73.8 85.6 116 108    
Provisions PLN mil     12.9 25.1 42.4 61.0 65.2    
Extra and Other Cost PLN mil     -0.045 0.080 -0.096 0.120 0    
Pre-Tax Profit PLN mil     37.5 48.7 43.3 55.1 42.9    
Tax PLN mil     7.98 9.72 7.23 11.5 8.95    
Minorities PLN mil     0 0 0 0 0    
Net Profit PLN mil     29.6 38.9 36.0 43.6 33.9    
growth rates                  
Net Interest Income Growth % ... ... ... 17.3 7.26 10.0 -4.24    
Net Fee Income Growth % ... ... ... -22.6 -3.48 43.5 -4.20    
Total Revenue Growth % ...   17.6 12.3 2.09 12.3 -2.94    
Operating Cost Growth % ...   7.50 4.06 -2.57 2.77 -0.728    
Operating Profit Growth % ...   94.0 46.6 15.9 35.9 -7.09    
Pre-Tax Profit Growth % ...   114 29.7 -11.1 27.5 -22.2    
Net Profit Growth % ...   105 31.8 -7.50 21.1 -22.2    
market share                  
Market Share in Revenues %     0.454 0.497 0.538 0.581 0.581    
Market Share in Net Profit %     0.190 0.252 0.237 0.275 0.303    
Market Share in Employees %     0.803 0.863 0.948 0.928 0.924    
Market Share in Bank Cards % ... ... 0.411 0.451 0.593 0.675 0.750    
Market Share in Debit Cards % ... ... ... 0.516 0.669 0.767 0.847    
Market Share in Credit Cards % ... ... ... 0.202 0.245 0.215 0.172    
Market Share in Branches %     1.16 1.48 1.93 1.95 1.96    
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                  
Cash PLN mil ... ... 74.0 935 327 758 427    
Interbank Loans PLN mil ... ... 29.2 29.8 36.3 158 45.3    
Customer Loans PLN mil     3,679 4,600 5,056 5,152 5,313    
Retail Loans PLN mil     2,668 3,608 4,165 4,456 4,741    
Mortgage Loans PLN mil     1,633 2,423 2,632 2,689 2,625    
Consumer Loans PLN mil     1,035 1,185 1,533 1,766 2,116    
Corporate Loans PLN mil     1,103 1,091 1,020 856 786    
Debt Securities PLN mil ... ... 1,335 1,455 1,843 1,521 1,268    
Fixed Assets PLN mil ... ... 72.5 71.6 74.9 80.3 100    
Total Assets PLN mil     5,216 7,121 7,383 7,719 7,213    
Shareholders' Equity PLN mil     321 361 392 440 542    
Of Which Minority Interest PLN mil     0 0 0 0 0    
Liabilities PLN mil     4,894 6,759 6,991 7,279 6,671    
Interbank Borrowing PLN mil ... ... 1.86 2.82 41.8 4.02 34.4    
Customer Deposits PLN mil     4,686 6,318 6,231 6,492 5,742    
Retail Deposits PLN mil     3,200 4,063 4,157 4,650 4,445    
Corporate Deposits PLN mil     1,239 2,029 1,975 1,784 1,248    
Sight Deposits PLN mil     875 1,010 1,188 1,391 1,761    
Term Deposits PLN mil     3,810 5,308 5,043 5,101 3,982    
Issued Debt Securities PLN mil ... ... 92.2 349 574 458 504    
Other Liabilities PLN mil ... ... 115 89.2 145 326 390    
asset quality                  
Non-Performing Loans PLN mil     187 222 277 325 388    
Gross Loans PLN mil     3,759 4,696 5,181 5,326 5,542    
Total Provisions PLN mil ... ... ... ... ... ... 230    
growth rates                  
Customer Loan Growth % ...   47.8 25.0 9.92 1.90 3.13    
Retail Loan Growth % ...   59.9 35.2 15.4 6.97 6.41    
Mortgage Loan Growth % ...   99.0 48.4 8.62 2.17 -2.39    
Consumer Loan Growth % ...   22.0 14.5 29.4 15.2 19.8    
Corporate Loan Growth % ...   20.4 -1.07 -6.54 -16.1 -8.23    
Total Asset Growth % ...   25.5 36.5 3.68 4.55 -6.56    
Shareholders' Equity Growth % ...   8.96 12.5 8.38 12.2 23.4    
Customer Deposit Growth % ...   24.6 34.8 -1.38 4.20 -11.5    
Retail Deposit Growth % ...   61.0 27.0 2.32 11.9 -4.42    
Corporate Deposit Growth % ...   -16.9 63.7 -2.67 -9.66 -30.1    
market share                  
Market Share in Customer Loans %     0.400 0.491 0.520 0.496 0.481    
Market Share in Corporate Loans %     0.417 0.401 0.367 0.284 0.240    
Market Share in Retail Loans %     0.483 0.560 0.700 0.758 0.856    
Market Share in Consumer Loans %     0.502 0.677 0.751 0.757 0.754    
Market Share in Mortgage Loans %     0.512 0.753 0.784 0.756 0.688    
Market Share in Total Assets %     0.403 0.527 0.525 0.504 0.451    
Market Share in Customer Deposits %     0.519 0.680 0.637 0.621 0.515    
Market Share in Retail Deposits %     0.670 0.787 0.758 0.767 0.668    
Market Share in Corporate Deposits %     0.602 1.06 0.942 0.778 0.493    
ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                  
ROE %     9.59 11.4 9.57 10.5 6.91    
ROA %     0.631 0.631 0.497 0.578 0.454    
Costs (As % Of Assets) %     4.48 3.54 2.93 2.90 2.91    
Costs (As % Of Income) %     80.6 74.7 71.3 65.3 66.8    
Capital Adequacy Ratio %     13.9 14.0 12.9 13.4 14.4    
Tier 1 Ratio %     10.6 9.93 9.68 10.1 11.4    
Net Interest Margin % ... ... 4.13 3.69 3.36 3.55 3.44    
Interest Spread % ... ... 3.91 3.47 3.23 3.44 3.35    
Asset Yield % ... ... 7.25 7.31 5.84 5.51 4.74    
Cost Of Liabilities % ... ... 3.33 3.84 2.61 2.08 1.39    
Interest Income (As % Of Revenues) % ... ... 74.4 77.8 81.7 80.1 79.0    
Fee Income (As % Of Revenues) % ... ... 21.4 14.8 13.9 17.8 17.6    
Other Income (As % Of Revenues) % ... ... 4.15 7.46 4.32 2.09 3.40    
Cost Per Employee USD per month ... ... ... 1,648 1,433 1,548 1,497    
Cost Per Employee (Local Currency) PLN per month ... ... ... 5,364 4,528 5,072 4,907    
Staff Cost (As % Of Total Cost) % ... ... ... 46.3 43.4 45.5 43.9    
Equity (As % Of Assets) %     6.16 5.08 5.31 5.70 7.52    
Loans (As % Of Deposits) %     78.5 72.8 81.1 79.4 92.5    
Loans (As % Assets) %     70.5 64.6 68.5 66.7 73.7    
NPLs (As % Of Loans) %     4.97 4.72 5.35 6.11 7.00    
Provisions (As % Of NPLs) % ... ... ... ... ... ... 59.2    
Provisions (As % Of Loans) % ... ... ... ... ... ... 4.32    
Cost of Provisions (As % Of Loans) %     0.418 0.606 0.878 1.20 1.25    
other data Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                  
Branches     161 227 295 293 284    
Employees     1,496 1,571 1,700 1,633 1,618    
Clients mil     1.07 1.30 1.42 1.43 1.48    
Payment Cards '000 ... ... 130 150 204 241 257    
Debit Cards '000 ... ... ... 137 189 228 247    
Credit Cards '000 ... ... ... 13.0 15.0 13.0 10.0    
Sight (As % Of Customer Deposits) %     18.7 16.0 19.1 21.4 30.7    

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Pocztowy's payment cards rose 10.6% to 305 '000 in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy has issued total of 305 '000 payment cards at the end of 2017, up 10.6% compared to the previous year. Polish banking sector banking sector issued total of 38,131 thous. of bank cards in 2017, up 7.12% when compared to the last year....

Pocztowy's retail deposits rose 4.88% to PLN 4,935 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's retail deposits reached PLN 4,935 mil in 2017, up 4.88% compared to the previous year. Polish banking sector accepted retail deposits of PLN 761 bil in 2017, up 4.18% when compared to the last year. Bank Pocztowy accounted for 0.648% of al...

Pocztowy's mortgage loans fell 3.24% to PLN 2,436 mil in 2017

By Helgi Analytics - November 29, 2018

Bank Pocztowy's mortgage loans reached PLN 2,436 mil in 2017, down 3.24% compared to the previous year. Polish banking sector provided mortgage loans of PLN 391 bil in 2017, down 1.49% when compared to the last year. Bank Pocztowy accounted for 0.618% of ...

Pocztowy's corporate loans fell 3.76% to PLN 673 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's loans reached PLN 5,165 mil in the 2017, down from PLN 5,472 mil compared to the previous year. Historically, the bank’s loans reached an all time high of PLN 5,542 mil in 2015 and an all time low of PLN 2,556 mil in 2010. In the last de...

Pocztowy's corporate deposits rose 13.6% to PLN 1,158 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's corporate deposits reached PLN 1,158 mil in 2017, up 13.6% compared to the previous year. Polish banking sector accepted corporate deposits of PLN 285 bil in 2017, up 3.64% when compared to the last year. Bank Pocztowy accounted for 0.406%...

Pocztowy's consumer loans fell 8.17% to PLN 2,056 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's consumer loans reached PLN 2,056 mil in 2017, down 8.17% compared to the previous year. Polish banking sector provided consumer loans of PLN 278 bil in 2017, up 6.64% when compared to the last year. Bank Pocztowy accounted for 0.668% of al...

Pocztowy's employees fell 3.43% to 1,493 in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy employed 1,493 persons in 2017, down 3.43% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,700 persons in 2013 and an all time low of 1,493 in 2017. Average cost reached USD 1,520 per month per employ...

Pocztowy's net interest margin rose 0.184% to 3.79% in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's net interest margin amounted to 3.79% in 2017, up from 3.78% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.13% in 2011 and an all time low of 3.36% in 2013. The average margin i...

Pocztowy's customer deposits rose 6.00% to PLN 6,109 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's customer deposits reached PLN 6,109 mil in 2017, up 6.00% compared to the previous year. Polish banking sector accepted customer deposits of PLN 1,270 bil in 2017, up 4.79% when compared to the last year. Bank Pocztowy accounted for 0.481%...

Pocztowy's customer loans fell 7.35% to PLN 4,776 mil in 2017

By Helgi Analytics - September 22, 2018

Bank Pocztowy's customer loans reached PLN 4,776 mil in 2017, down 7.35% compared to the previous year. Polish banking sector provided customer loans of PLN 1,206 bil in 2017, up 3.69% when compared to the last year. Bank Pocztowy accounted for 0.396% of ...

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Finance

Bank Pocztowy has been growing its revenues and asset by 0.898% and -1.13% a year on average in the last 3 years. Its loans and deposits have grown by -2.50% and -2.01% a year during that time and loans to deposits ratio reached 78.2% at the end of 2017. The company achieved an average return on equity of 2.75% in the last three years with net profit growing -51.2% a year on average. In terms of operating efficiency, its cost to income ratio reached 65.8% in 2017, compared to 66.7% average in the last three years.

Equity represented 8.50% of total assets or 13.3% of loans at the end of 2017. Bank Pocztowy's non-performing loans were 11.8% of total loans while provisions covered some 63.9% of NPLs at the end of 2017.