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Banka Creditas

Creditas's net profit rose 45,980% yoy to CZK 1,450 mil in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas made a net profit of CZK 1,450 mil in the third quarter of 2022, up 45% when compared to the same period of last y...

Creditas's net profit rose 45,980% yoy to CZK 1,450 mil in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas made a net profit of CZK 1,450 mil under revenues of CZK 489 mil in the third quarter of 2022, up 45% and 144%...

Creditas's total revenues rose 60.1% yoy to CZK 390 mil in 2Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas generated total banking revenues of CZK 390 mil in 2022-06-30, up 16.4% compared to the previous year. Czec...

Annual Quarterly
Profit Statement 2019 2020 2021
Net Interest Income CZK mil 1,035 905 928
Net Fee Income CZK mil 7.90 4.80 15.4
Other Income CZK mil 66.0 183 43.9
Total Revenues CZK mil 1,109 1,092 987
Staff Cost CZK mil 263 277 344
Operating Profit CZK mil 367 271 27.6
Provisions CZK mil 30.9 106 58.8
Net Profit CZK mil 263 114 22.2
Balance Sheet 2019 2020 2021
Interbank Loans CZK mil 53,712 42,700 23,757
Customer Loans CZK mil 14,664 15,739 22,893
Investments CZK mil 2,635 6,280 12,476
Total Assets CZK mil 73,387 66,707 62,531
Shareholders' Equity CZK mil 4,424 4,538 4,560
Interbank Borrowing CZK mil 0.600 45.6 0
Customer Deposits CZK mil 68,525 61,416 57,369
Issued Debt Securities CZK mil 0 327 0
Ratios 2019 2020 2021
ROE % 6.71 2.55 0.487
ROA % 0.459 0.163 0.034
Costs (As % Of Assets) % 1.30 1.17 1.48
Costs (As % Of Income) % 66.9 75.2 97.2
Capital Adequacy Ratio % 19.5 20.1 21.4
Net Interest Margin % 1.81 1.29 1.44
Loans (As % Of Deposits) % 21.4 25.6 39.9
NPLs (As % Of Loans) % 8.68 17.5 8.96
Provisions (As % Of NPLs) % 24.6 14.8 20.7
Growth Rates 2019 2020 2021
Total Revenue Growth % 39.3 -1.51 -9.66
Operating Cost Growth % 39.1 10.8 16.7
Operating Profit Growth % 39.9 -26.3 -89.8
Net Profit Growth % 53.4 -56.5 -80.6
Customer Loan Growth % 5.95 7.34 45.5
Total Asset Growth % 79.1 -9.10 -6.26
Customer Deposit Growth % 95.8 -10.4 -6.59
Shareholders' Equity Growth % 29.7 2.58 0.487
Employees 365 386 414

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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
income statement                                        
Net Interest Income CZK mil                           277 308 338 775 1,035    
Total Revenues CZK mil                           293 338 410 796 1,109    
Operating Profit CZK mil                           69.1 23.0 -28.3 263 367    
Net Profit CZK mil                           22.2 18.1 66.2 171 263    
balance sheet                                        
Interbank Loans CZK mil                           816 404 18,025 23,809 53,712    
Customer Loans CZK mil                           6,878 8,003 11,334 13,840 14,664    
Investments CZK mil                           913 1,160 864 1,676 2,635    
Total Assets CZK mil                           10,286 11,743 31,697 40,968 73,387    
                                           
Shareholders' Equity CZK mil                           1,360 1,547 2,243 3,411 4,424    
Interbank Borrowing CZK mil                           0 0 4,007 2,405 0.600    
Customer Deposits CZK mil                           8,835 10,100 25,349 35,002 68,525    
Issued Debt Securities CZK mil                           32.1 0 28.9 16.1 0    
ratios                                        
ROE % ...                         1.95 1.25 3.49 6.06 6.71    
ROA % ...                         0.213 0.164 0.305 0.471 0.459    
Costs (As % Of Assets) % ...                         2.15 2.86 2.02 1.47 1.30    
Costs (As % Of Income) %                           76.4 93.2 107 67.0 66.9    
Capital Adequacy Ratio % ... ... ... ... ...                 14.1 13.3 12.5 16.5 19.5    
Net Interest Margin % ...                         2.66 2.79 1.56 2.13 1.81    
Interest Income (As % Of Revenues) %                           94.6 91.0 82.4 97.4 93.3    
Fee Income (As % Of Revenues) %                           -1.27 -1.66 -1.44 -1.17 0.712    
Staff Cost (As % Of Total Cost) %                           41.1 33.8 36.1 35.6 35.4    
Equity (As % Of Assets) %                           13.2 13.2 7.08 8.33 6.03    
Loans (As % Of Deposits) %                           77.9 79.2 44.7 39.5 21.4    
Loans (As % Assets) %                           66.9 68.2 35.8 33.8 20.0    
NPLs (As % Of Loans) % ... ... ... ... ...                 13.3 11.9 9.76 7.65 8.68    
Provisions (As % Of NPLs) % ... ... ... ... ...                 29.6 30.5 17.6 26.6 24.6    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                        
Interest Income CZK mil                           541 545 655 1,056 1,776    
Interest Cost CZK mil                           264 237 317 281 741    
Net Interest Income CZK mil                           277 308 338 775 1,035    
Net Fee Income CZK mil                           -3.71 -5.60 -5.90 -9.30 7.90    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 42.6    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 34.7    
Other Income CZK mil                           19.5 36.0 78.1 30.0 66.0    
Total Revenues CZK mil                           293 338 410 796 1,109    
Staff Cost CZK mil                           92.2 107 158 190 263    
Depreciation CZK mil                           14.1 14.7 51.7 92.5 180    
Other Cost CZK mil                           118 194 229 251 299    
Operating Cost CZK mil                           224 315 439 533 742    
Operating Profit CZK mil                           69.1 23.0 -28.3 263 367    
Provisions CZK mil                           27.8 20.0 -103 35.4 30.9    
Extra and Other Cost CZK mil                           0 < -0.001 0 0 0    
Pre-Tax Profit CZK mil                           41.3 3.00 74.8 227 336    
Tax CZK mil                           19.1 21.1 8.60 55.8 73.7    
Minorities CZK mil                           0 0 0 0 0    
Net Profit CZK mil                           22.2 18.1 66.2 171 263    
Net Profit Avail. to Common CZK mil                           22.2 18.1 66.2 171 263    
growth rates                                        
Net Interest Income Growth % ...                         -18.3 11.0 9.88 129 33.5    
Net Fee Income Growth % ...                         127 50.8 5.36 57.6 -185    
Total Revenue Growth % ...                         -13.5 15.4 21.4 94.0 39.3    
Operating Cost Growth % ...                         -17.4 40.7 39.2 21.6 39.1    
Operating Profit Growth % ...                         2.28 -66.7 -223 -1,028 39.9    
Pre-Tax Profit Growth % ...                         -4.62 -92.7 2,393 204 48.1    
Net Profit Growth % ...                         95.2 -18.3 266 159 53.4    
market share                                        
Market Share in Revenues %                           0.168 0.188 0.229 0.418 0.549    
Market Share in Net Profit %                           0.033 0.024 0.088 0.210 0.288    
Market Share in Employees % ... ... ... ... ...                 0.350 0.439 0.537 0.697 0.878    
Market Share in Branches % ... ... ... ... ...                 0.647 0.684 0.823 1.07 1.84   ...
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                        
Cash & Cash Equivalents CZK mil                           1,546 1,938 752 1,027 1,477    
Interbank Loans CZK mil                           816 404 18,025 23,809 53,712    
Customer Loans CZK mil                           6,878 8,003 11,334 13,840 14,664    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...         259 263 188 256 211    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...         6,901 8,042 11,344 13,872 14,773    
Investments CZK mil                           913 1,160 864 1,676 2,635    
Property and Equipment CZK mil                           43.8 64.6 125 353 469    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 224    
Total Assets CZK mil                           10,286 11,743 31,697 40,968 73,387    
                                           
Shareholders' Equity CZK mil                           1,360 1,547 2,243 3,411 4,424    
Of Which Minority Interest CZK mil                           0 0 0 0 0    
Liabilities CZK mil                           8,927 10,196 29,454 37,557 68,963    
Interbank Borrowing CZK mil                           0 0 4,007 2,405 0.600    
Customer Deposits CZK mil                           8,835 10,100 25,349 35,002 68,525    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10,142 18,272    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 24,860 50,253    
Issued Debt Securities CZK mil                           32.1 0 28.9 16.1 0    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0   ...
Other Liabilities CZK mil                           59.8 96.0 69.4 134 438    
asset quality                                        
Non-Performing Loans CZK mil ... ... ... ... ...                 950 987 1,126 1,081 1,300    
Gross Loans CZK mil ... ... ... ... ...                 7,160 8,304 11,532 14,128 14,984    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ...     8,692 10,502 16,189 18,639 21,104   ...
Total Provisions CZK mil ... ... ... ... ...                 281 301 198 287 320    
growth rates                                        
Customer Loan Growth % ...                         -10.1 16.4 41.6 22.1 5.95    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...       -4.17 1.45 -28.4 36.1 -17.7    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...       -9.56 16.5 41.1 22.3 6.50    
Total Asset Growth % ...                         -2.34 14.2 170 29.2 79.1    
Shareholders' Equity Growth % ...                         49.9 13.8 45.0 52.1 29.7    
Customer Deposit Growth % ...                         -4.72 14.3 151 38.1 95.8    
market share                                        
Market Share in Customer Loans %                           0.247 0.271 0.367 0.419 0.425    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...         0.749 0.824 1.11 1.28 1.32    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...         0.020 0.018 0.012 0.016 0.012    
Market Share in Total Assets %                           0.185 0.195 0.449 0.559 0.972    
Market Share in Customer Deposits %                           0.251 0.268 0.608 0.787 1.45    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                         
ROE % ...                         1.95 1.25 3.49 6.06 6.71    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...   1.64 1.26 3.31 6.56 8.81   ...
ROA % ...                         0.213 0.164 0.305 0.471 0.459    
Return on Loans % ...                         0.305 0.243 0.685 1.36 1.84    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...   0.768 0.240 -0.212 1.51 1.85   ...
Costs (As % Of Assets) % ...                         2.15 2.86 2.02 1.47 1.30    
Costs (As % Of Income) %                           76.4 93.2 107 67.0 66.9    
Costs (As % Of Loans) % ...                         3.08 4.23 4.54 4.24 5.20    
Costs (As % Of Loans & Deposits) % ...                         1.37 1.86 1.60 1.25 1.12    
Capital Adequacy Ratio % ... ... ... ... ...                 14.1 13.3 12.5 16.5 19.5    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ...     14.1 13.4 12.5 16.5 19.5    
Net Interest Margin % ...                         2.66 2.79 1.56 2.13 1.81    
Interest Spread % ...                         2.35 2.47 1.42 2.07 1.72    
Asset Yield % ...                         5.20 4.95 3.02 2.91 3.11    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...   3.26 3.52 3.07 4.57 5.58   ...
Cost Of Liabilities % ...                         2.85 2.48 1.60 0.839 1.39    
Interest Income (As % Of Revenues) %                           94.6 91.0 82.4 97.4 93.3    
Fee Income (As % Of Revenues) %                           -1.27 -1.66 -1.44 -1.17 0.712    
Other Income (As % Of Revenues) %                           6.65 10.6 19.0 3.77 5.95    
Staff Cost (As % Of Total Cost) %                           41.1 33.8 36.1 35.6 35.4    
Equity (As % Of Assets) %                           13.2 13.2 7.08 8.33 6.03    
Equity (As % Of Loans) %                           19.8 19.3 19.8 24.6 30.2    
Loans (As % Of Deposits) %                           77.9 79.2 44.7 39.5 21.4    
Loans (As % Assets) %                           66.9 68.2 35.8 33.8 20.0    
NPLs (As % Of Loans) % ... ... ... ... ...                 13.3 11.9 9.76 7.65 8.68    
Provisions (As % Of NPLs) % ... ... ... ... ...                 29.6 30.5 17.6 26.6 24.6    
Provisions (As % Of Loans) % ... ... ... ... ...                 4.09 3.76 1.75 2.07 2.18    
Cost of Provisions (As % Of Loans) % ...                         0.383 0.269 -1.07 0.281 0.217    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                         
Branches ... ... ... ... ...                 14.0 14.0 16.0 21.0 35.0    
Employees ... ... ... ... ...                 144 180 225 292 365    
Employees Per Bank Branch ... ... ... ... ...                 10.3 12.9 14.1 13.9 10.4    
Cost Per Employee USD per month ... ... ... ... ...                 2,234 1,954 2,500 2,477 2,661    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ...                 53,328 49,306 58,667 54,195 59,977    
customer breakdown Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                         
Customers mil ... ... ... ... ...                 0.019 0.020 0.040 0.056 0.090    
Revenue per Customer (Local Currency) CZK ... ... ... ... ...                 15,331 16,754 10,387 14,213 12,322    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...                 1,159 897 1,676 3,059 2,919    
Loan per Customer (Local Currency) CZK ... ... ... ... ...                 359,891 396,586 286,939 247,150 162,928    
Deposit per Customer (Local Currency) CZK ... ... ... ... ...                 462,254 500,476 641,739 625,034 761,389    
Revenue per Customer USD ... ... ... ... ...                 642 664 443 650 547    
Net Profit per Customer USD ... ... ... ... ...                 48.6 35.5 71.4 140 129    
Loan per Customer USD ... ... ... ... ...                 14,498 15,468 13,477 11,001 7,203    
Deposit per Customer USD ... ... ... ... ...                 18,621 19,520 30,141 27,821 33,659    

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Banka Creditas - Market Share in Bank Deposits

By Helgi Analytics - November 18, 2022

Banka Creditas's customer deposits reached CZK 73,628 mil in 2022-06-30, up 8.34% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,340 bil in 2022-06-30, up 2.73% when compared to the last year. Banka Creditas accoun...

Banka Creditas - Market Share in Bank Loans

By Helgi Analytics - November 18, 2022

Banka Creditas's customer loans reached CZK 27,000 mil in 2022-06-30, up 8.00% compared to the previous year. Czech banking sector provided customer loans of CZK 3,958 bil in 2022-06-30, up 0.834% when compared to the last year. Banka Creditas accounted f...

Creditas's employees rose 6.65% yoy to 433 in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas employed 433 persons in 2022-09-30, up 2.12% when compared to the previous year. Historically, the bank's workforce hit an all time high of 433 persons in 2022-09-30 and an all time low of 10.0 in 2008-12-31. Average cost reached USD 3,613 per month...

Banka Creditas - Market Share in Retail Loans

By Helgi Analytics - November 18, 2022

Banka Creditas's retail loans reached CZK 6,000 mil in the second quarter of 2022, up 20.0% compared to the previous year. Czech banking sector provided retail loans of CZK 2,100 bil in 2Q2022, up 0.711% when compared to the last year. Banka Creditas acco...

Creditas's net interest income rose 73.6% yoy to CZK 422 mil in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas generated total banking revenues of CZK 489 mil in the third quarter of 2022, up 144% when compared to the same period of last year and 25.4% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, f...

Creditas's costs (as % of assets) fell 15.1% yoy to 1.15% in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas's cost to income ratio reached 48.1% in the third quarter of 2022, down from 58.0% 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 -1,086% in 3Q2...

Creditas's npls (as % of loans) fell 30.2% yoy to 7.42% in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas's non-performing loans reached 7.42% of total loans at the end of 2022-09-30, down from 10.6% 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...

Creditas's net interest margin rose 37.2% yoy to 2.06% in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas's net interest margin amounted to 2.06% in the third quarter of 2022, up from 2.03% 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 0.8...

Creditas's capital adequacy ratio fell 11.9% yoy to 18.6% in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas's capital adequacy ratio reached 18.6% at the end of third quarter of 2022, down from 18.7% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 21.4% in 4Q2021 and an all time low of 10.4% in 1Q2014. ...

Creditas's customer loan growth fell 50.0% yoy to 31.8% in 3Q2022

By Helgi Analytics - November 18, 2022

Banka Creditas's customer loan growth reached 31.8% in 2022-09-30, down from 63.5% 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...

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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 17.2% and 31.8% a year on average in the last 10 years. Its loans and deposits have grown by 21.9% and 33.0% a year during that time and loans to deposits ratio reached 39.9% at the end of 2021. The company achieved an average return on equity of 2.70% in the last decade with net profit growing 8.99% a year on average. In terms of operating efficiency, its cost to income ratio reached 97.2% in 2021, compared to 81.0% average in the last decade.

Equity represented 7.29% of total assets or 19.9% of loans at the end of 2021. Banka Creditas's non-performing loans were 8.96% of total loans while provisions covered some 20.7% of NPLs at the end of 2021.

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