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Banka Creditas

Banka Creditas - Market Share in Bank Deposits

By Helgi Library - November 21, 2023

Banka Creditas's customer deposits reached CZK 110,902 mil in 2023-06-30, up 5.69% compared to the previous year. Czech banking...

Creditas's total revenues rose 27.9% yoy to CZK 499 mil in 2Q2023

By Helgi Library - September 30, 2023

Banka Creditas generated total banking revenues of CZK 499 mil in 2023-06-30, up 1.77% compared to the previous year. Czec...

Banka Creditas - Market Share in Bank Loans

By Helgi Library - September 30, 2023

Banka Creditas's customer loans reached CZK 35,000 mil in 2023-06-30, up 9.38% compared to the previous year. Czech banking sec...

Annual Quarterly LTM
Profit Statement 2020 2021 2022
Net Interest Income CZK mil 905 941 1,615
Net Fee Income CZK mil 4.80 14.4 34.3
Other Income CZK mil 183 -6.50 109
Total Revenues CZK mil 1,092 949 1,758
Staff Cost CZK mil 277 348 519
Operating Profit CZK mil 271 83.0 636
Provisions CZK mil 106 59.4 122
Net Profit CZK mil 114 23.3 451
Balance Sheet 2020 2021 2022
Interbank Loans CZK mil 42,700 23,758 72,126
Customer Loans CZK mil 15,739 23,375 30,159
Investments CZK mil 6,280 13,572 19,784
Total Assets CZK mil 66,707 62,883 125,151
Shareholders' Equity CZK mil 4,538 4,562 5,048
Interbank Borrowing CZK mil 45.6 369 2,649
Customer Deposits CZK mil 61,416 56,131 114,050
Issued Debt Securities CZK mil 327 1,202 1,967
Ratios 2020 2021 2022
ROE % 2.55 0.512 9.39
ROA % 0.163 0.036 0.480
Costs (As % Of Assets) % 1.17 1.34 1.19
Costs (As % Of Income) % 75.2 91.3 63.8
Capital Adequacy Ratio % 20.1 21.4 26.5
Net Interest Margin % 1.29 1.45 1.72
Loans (As % Of Deposits) % 25.6 41.6 26.4
NPLs (As % Of Loans) % 17.5 8.78 5.66
Provisions (As % Of NPLs) % 14.8 21.1 34.3
Growth Rates 2020 2021 2022
Total Revenue Growth % -1.51 -13.1 85.2
Operating Cost Growth % 10.8 5.42 29.6
Operating Profit Growth % -26.3 -69.3 666
Net Profit Growth % -56.5 -79.6 1,837
Customer Loan Growth % 7.34 48.5 29.0
Total Asset Growth % -9.10 -5.73 99.0
Customer Deposit Growth % -10.4 -8.61 103
Shareholders' Equity Growth % 2.58 0.529 10.7
Employees 386 421 649

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summary Unit 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 CZK mil                             308 338 775 1,035 905    
Total Revenues CZK mil                             338 410 796 1,109 1,092    
Operating Profit CZK mil                             23.0 -28.3 263 367 271    
Net Profit CZK mil                             18.1 66.2 171 263 114    
balance sheet                                          
Interbank Loans CZK mil                             404 18,025 23,809 53,712 42,700    
Customer Loans CZK mil                             8,003 11,334 13,840 14,664 15,739    
Investments CZK mil                             1,160 864 1,676 2,635 6,280    
Total Assets CZK mil                             11,743 31,697 40,968 73,387 66,707    
                                             
Shareholders' Equity CZK mil                             1,547 2,243 3,411 4,424 4,538    
Interbank Borrowing CZK mil                             0 4,007 2,405 0.600 45.6    
Customer Deposits CZK mil                             10,100 25,349 35,002 68,525 61,416    
Issued Debt Securities CZK mil                             0 28.9 16.1 0 327    
ratios                                          
ROE % ...                           1.25 3.49 6.06 6.71 2.55    
ROA % ...                           0.164 0.305 0.471 0.459 0.163    
Costs (As % Of Assets) % ...                           2.86 2.02 1.47 1.30 1.17    
Costs (As % Of Income) %                             93.2 107 67.0 66.9 75.2    
Capital Adequacy Ratio % ... ... ... ... ...                   13.3 12.5 16.5 19.5 20.1    
Net Interest Margin % ...                           2.79 1.56 2.13 1.81 1.29    
Interest Income (As % Of Revenues) %                             91.0 82.4 97.4 93.3 82.8    
Fee Income (As % Of Revenues) %                             -1.66 -1.44 -1.17 0.712 0.439    
Staff Cost (As % Of Total Cost) %                             33.8 36.1 35.6 35.4 33.7    
Equity (As % Of Assets) %                             13.2 7.08 8.33 6.03 6.80    
Loans (As % Of Deposits) %                             79.2 44.7 39.5 21.4 25.6    
Loans (As % Assets) %                             68.2 35.8 33.8 20.0 23.6    
NPLs (As % Of Loans) % ... ... ... ... ...                   11.9 9.76 7.65 8.68 17.5    
Provisions (As % Of NPLs) % ... ... ... ... ...                   30.5 17.6 26.6 24.6 14.8    
income statement Unit 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 CZK mil                             545 655 1,056 1,776 1,581    
Interest Cost CZK mil                             237 317 281 741 676    
Net Interest Income CZK mil                             308 338 775 1,035 905    
Net Fee Income CZK mil                             -5.60 -5.90 -9.30 7.90 4.80    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 42.6 38.8    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 34.7 34.0    
Other Income CZK mil                             36.0 78.1 30.0 66.0 183    
Total Revenues CZK mil                             338 410 796 1,109 1,092    
Staff Cost CZK mil                             107 158 190 263 277    
Depreciation CZK mil                             14.7 51.7 92.5 180 231    
Other Cost CZK mil                             194 229 251 299 314    
Operating Cost CZK mil                             315 439 533 742 822    
Operating Profit CZK mil                             23.0 -28.3 263 367 271    
Provisions CZK mil                             20.0 -103 35.4 30.9 106    
Extra and Other Cost CZK mil                             < -0.001 0 0 0 0    
Pre-Tax Profit CZK mil                             3.00 74.8 227 336 165    
Tax CZK mil                             21.1 8.60 55.8 73.7 50.2    
Minorities CZK mil                             0 0 0 0 0    
Net Profit CZK mil                             18.1 66.2 171 263 114    
Net Profit Avail. to Common CZK mil                             18.1 66.2 171 263 114    
growth rates                                          
Net Interest Income Growth % ...                           11.0 9.88 129 33.5 -12.6    
Net Fee Income Growth % ...                           50.8 5.36 57.6 -185 -39.2    
Total Revenue Growth % ...                           15.4 21.4 94.0 39.3 -1.51    
Operating Cost Growth % ...                           40.7 39.2 21.6 39.1 10.8    
Operating Profit Growth % ...                           -66.7 -223 -1,028 39.9 -26.3    
Pre-Tax Profit Growth % ...                           -92.7 2,393 204 48.1 -51.1    
Net Profit Growth % ...                           -18.3 266 159 53.4 -56.5    
market share                                          
Market Share in Revenues %                             0.188 0.229 0.418 0.549 0.605    
Market Share in Net Profit %                             0.024 0.088 0.210 0.288 0.241    
Market Share in Employees % ... ... ... ... ...                   0.439 0.537 0.697 0.878 0.948    
Market Share in Branches % ... ... ... ... ...                   0.684 0.823 1.07 1.84 2.08    
balance sheet Unit 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 CZK mil                             1,938 752 1,027 1,477 1,082    
Interbank Loans CZK mil                             404 18,025 23,809 53,712 42,700    
Customer Loans CZK mil                             8,003 11,334 13,840 14,664 15,739    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...           263 188 256 211 670    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...           8,042 11,344 13,872 14,773 15,489    
Investments CZK mil                             1,160 864 1,676 2,635 6,280    
Property and Equipment CZK mil                             64.6 125 353 469 405    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 224 242    
Goodwill CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                             11,743 31,697 40,968 73,387 66,707    
                                             
Shareholders' Equity CZK mil                             1,547 2,243 3,411 4,424 4,538    
Of Which Minority Interest CZK mil                             0 0 0 0 0    
Liabilities CZK mil                             10,196 29,454 37,557 68,963 62,169    
Interbank Borrowing CZK mil                             0 4,007 2,405 0.600 45.6    
Customer Deposits CZK mil                             10,100 25,349 35,002 68,525 61,416    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10,142 18,272 7,520    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 24,860 50,253 53,897    
Issued Debt Securities CZK mil                             0 28.9 16.1 0 327    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 327    
Other Liabilities CZK mil                             96.0 69.4 134 438 380    
asset quality                                          
Non-Performing Loans CZK mil ... ... ... ... ...                   987 1,126 1,081 1,300 2,826    
Gross Loans CZK mil ... ... ... ... ...                   8,304 11,532 14,128 14,984 16,159    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ...       10,502 16,189 18,639 21,104 22,160    
Total Provisions CZK mil ... ... ... ... ...                   301 198 287 320 420    
growth rates                                          
Customer Loan Growth % ...                           16.4 41.6 22.1 5.95 7.34    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...         1.45 -28.4 36.1 -17.7 218    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...         16.5 41.1 22.3 6.50 4.84    
Total Asset Growth % ...                           14.2 170 29.2 79.1 -9.10    
Shareholders' Equity Growth % ...                           13.8 45.0 52.1 29.7 2.58    
Customer Deposit Growth % ...                           14.3 151 38.1 95.8 -10.4    
market share                                          
Market Share in Customer Loans %                             0.271 0.367 0.419 0.425 0.438    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...           0.824 1.11 1.28 1.32 1.38    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...           0.019 0.012 0.016 0.012 0.036    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...           0.018 0.012 0.016 0.012 0.036   ...
Market Share in Total Assets %                             0.197 0.453 0.563 0.970 0.837    
Market Share in Customer Deposits %                             0.268 0.608 0.787 1.45 1.19    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                           
ROE % ...                           1.25 3.49 6.06 6.71 2.55    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.69    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     1.26 3.31 6.56 8.81 3.52    
ROA % ...                           0.164 0.305 0.471 0.459 0.163    
Return on Loans % ...                           0.243 0.685 1.36 1.84 0.752    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     0.240 -0.212 1.51 1.85 1.25    
Costs (As % Of Assets) % ...                           2.86 2.02 1.47 1.30 1.17    
Costs (As % Of Income) %                             93.2 107 67.0 66.9 75.2    
Costs (As % Of Loans) % ...                           4.23 4.54 4.24 5.20 5.40    
Costs (As % Of Loans & Deposits) % ...                           1.86 1.60 1.25 1.12 1.02    
Capital Adequacy Ratio % ... ... ... ... ...                   13.3 12.5 16.5 19.5 20.1    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ...       13.4 12.5 16.5 19.5 18.7    
Net Interest Margin % ...                           2.79 1.56 2.13 1.81 1.29    
Interest Spread % ...                           2.47 1.42 2.07 1.72 1.23    
Asset Yield % ...                           4.95 3.02 2.91 3.11 2.26    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     3.52 3.07 4.57 5.58 5.05    
Cost Of Liabilities % ...                           2.48 1.60 0.839 1.39 1.03    
Interest Income (As % Of Revenues) %                             91.0 82.4 97.4 93.3 82.8    
Fee Income (As % Of Revenues) %                             -1.66 -1.44 -1.17 0.712 0.439    
Other Income (As % Of Revenues) %                             10.6 19.0 3.77 5.95 16.7    
Staff Cost (As % Of Total Cost) %                             33.8 36.1 35.6 35.4 33.7    
Equity (As % Of Assets) %                             13.2 7.08 8.33 6.03 6.80    
Equity (As % Of Loans) %                             19.3 19.8 24.6 30.2 28.8    
Loans (As % Of Deposits) %                             79.2 44.7 39.5 21.4 25.6    
Loans (As % Assets) %                             68.2 35.8 33.8 20.0 23.6    
NPLs (As % Of Loans) % ... ... ... ... ...                   11.9 9.76 7.65 8.68 17.5    
Provisions (As % Of NPLs) % ... ... ... ... ...                   30.5 17.6 26.6 24.6 14.8    
Provisions (As % Of Loans) % ... ... ... ... ...                   3.76 1.75 2.07 2.18 2.67    
Cost of Provisions (As % Of Loans) % ...                           0.269 -1.07 0.281 0.217 0.699    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                           
Branches ... ... ... ... ...                   14.0 16.0 21.0 35.0 35.0    
Employees ... ... ... ... ...                   180 225 292 365 386    
Employees Per Bank Branch ... ... ... ... ...                   12.9 14.1 13.9 10.4 11.0    
Cost Per Employee USD per month ... ... ... ... ...                   1,954 2,500 2,477 2,661 2,717    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ...                   49,306 58,667 54,195 59,977 59,780    
customer breakdown Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                           
Customers mil ... ... ... ... ...                   0.020 0.040 0.056 0.090 0.109    
Revenue per Customer (Local Currency) CZK ... ... ... ... ...                   16,754 10,387 14,213 12,322 10,006    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...                   897 1,676 3,059 2,919 1,047    
Loan per Customer (Local Currency) CZK ... ... ... ... ...                   396,586 286,939 247,150 162,928 144,175    
Deposit per Customer (Local Currency) CZK ... ... ... ... ...                   500,476 641,739 625,034 761,389 562,591    
Revenue per Customer USD ... ... ... ... ...                   664 443 650 547 455    
Net Profit per Customer USD ... ... ... ... ...                   35.5 71.4 140 129 47.6    
Loan per Customer USD ... ... ... ... ...                   15,468 13,477 11,001 7,203 6,741    
Deposit per Customer USD ... ... ... ... ...                   19,520 30,141 27,821 33,658 26,305    

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Creditas's net profit fell 72.1% yoy to CZK 405 mil in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas made a net profit of CZK 405 mil in the third quarter of 2023, down 72.1% when compared to the same period of last year. This implies a return on equity of 20.6%. Historically, the bank’s net profit reached an all time high of CZK 1,450 mil in 3Q20...

Creditas's net profit fell 72.1% yoy to CZK 405 mil in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas made a net profit of CZK 405 mil under revenues of CZK 482 mil in the third quarter of 2023, down 72.1% and 1.53% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK 1,450...

Creditas's npls (as % of loans) fell 39.0% yoy to 4.53% in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas's non-performing loans reached 4.53% of total loans at the end of 2023-09-30, down from 7.42% compared to the previous year. Historically, the NPL ratio hit an all time high of 36.9% in 2012-03-31 and an all time low of 1.40% in 2010-09-30. P...

Banka Creditas - Market Share in Retail Loans

By Helgi Library - September 30, 2023

Banka Creditas's retail loans reached CZK 10,000 mil in the second quarter of 2023, up 11.1% compared to the previous year. Czech banking sector provided retail loans of CZK 2,203 bil in 2Q2023, up 2.19% when compared to the last year. Banka Creditas acco...

Creditas's employees rose 3.93% yoy to 450 in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas employed 450 persons in 2023-09-30, down 4.26% when compared to the previous year. Historically, the bank's workforce hit an all time high of 470 persons in 2023-06-30 and an all time low of 10.0 in 2008-12-31. Average cost reached USD 4,749 per mon...

Creditas's net interest margin fell 36.9% yoy to 1.30% in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas's net interest margin amounted to 1.30% in the third quarter of 2023, down from 1.36% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 8.18% in 4Q2011 and an all time low of 0...

Creditas's capital adequacy ratio rose 6.38% yoy to 24.0% in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas's capital adequacy ratio reached 24.0% at the end of third quarter of 2023, down from 24.2% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 26.5% in 4Q2022 and an all time low of 10.4% in 1Q2014. ...

Creditas's net interest income fell 7.23% yoy to CZK 392 mil in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas generated total banking revenues of CZK 482 mil in the third quarter of 2023, down 1.53% when compared to the same period of last year and 3.49% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

Creditas's costs (as % of assets) fell 6.64% yoy to 1.07% in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas's cost to income ratio reached 67.0% in the third quarter of 2023, down from 67.4% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 233% of income in 2Q2010 and an all time low of -1,085% in 3Q2...

Creditas's customer loan growth rose 1.11% yoy to 32.1% in 3Q2023

By Helgi Library - November 21, 2023

Banka Creditas's customer loan growth reached 32.1% in 2023-09-30, up from 31.8% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 360% in 2011-03-31 and an all time low of -10.8% in 2015-06-30. In the last d...

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Banka Creditas is a small-sized bank based in the Czech Republic. Before getting a banking license in 2016, Creditas operated as a savings institution Záložna Creditas, which was one of the largest credit unions in the country. From a small Company with regional operations, it transformed into the financial institution with nationwide operations. The Credit union is now Company with a branch network throughout the whole Czech Republic with a complete portfolio of products for both individuals and legal entities, including current accounts administration, savings, loan products, internet banking and MasterCard payment cards. It is member of the UNICAPITAL investment group.

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Finance

Banka Creditas has been growing its revenues and asset by 21.3% and 33.1% a year on average in the last 10 years. Its loans and deposits have grown by 19.2% and 33.9% a year during that time and loans to deposits ratio reached 26.4% at the end of 2022. The company achieved an average return on equity of 3.32% in the last decade with net profit growing 36.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.8% in 2022, compared to 79.4% average in the last decade.

Equity represented 4.03% of total assets or 16.7% of loans at the end of 2022. Banka Creditas's non-performing loans were 5.66% of total loans while provisions covered some 34.3% of NPLs at the end of 2022.

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Eliášova 38, Prague 6, 160 00, Czech Republic
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