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Banka Creditas

Creditas's employees rose 18.4% yoy to 406 in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas employed 406 persons in 2021-09-30, up 5.73% when compared to the previous year. Historically, the bank's workfor...

Creditas's retail loans rose 80.5% yoy to CZK 958 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas's retail loans reached CZK 958 mil in the third quarter of 2021, up 5.00% compared to the previous year. Czech b...

Creditas's net interest margin rose 62.3% yoy to 1.50% in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas's net interest margin amounted to 1.50% in the third quarter of 2021, up from 1.30% when compared to the previous...

Annual Quarterly
Profit Statement 2018 2019 2020
Net Interest Income CZK mil 775 1,035 905
Net Fee Income CZK mil -9.30 7.90 4.80
Other Income CZK mil 30.0 66.0 183
Total Revenues CZK mil 796 1,109 1,092
Staff Cost CZK mil 190 263 277
Operating Profit CZK mil 263 367 271
Provisions CZK mil 35.4 30.9 106
Net Profit CZK mil 171 263 114
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 23,809 53,712 42,700
Customer Loans CZK mil 13,840 14,664 15,739
Investments CZK mil 1,676 2,635 6,280
Total Assets CZK mil 40,968 73,387 66,707
Shareholders' Equity CZK mil 3,411 4,424 4,538
Interbank Borrowing CZK mil 2,405 0.600 45.6
Customer Deposits CZK mil 35,002 68,525 61,416
Issued Debt Securities CZK mil 16.1 0 327
Ratios 2018 2019 2020
ROE % 6.06 6.71 2.55
ROA % 0.471 0.459 0.163
Costs (As % Of Assets) % 1.47 1.30 1.17
Costs (As % Of Income) % 67.0 66.9 75.2
Capital Adequacy Ratio % 16.5 19.5 20.1
Net Interest Margin % 2.13 1.81 1.29
Loans (As % Of Deposits) % 39.5 21.4 25.6
NPLs (As % Of Loans) % 7.65 8.68 17.5
Provisions (As % Of NPLs) % 26.6 24.6 14.8
Growth Rates 2018 2019 2020
Total Revenue Growth % 94.0 39.3 -1.51
Operating Cost Growth % 21.6 39.1 10.8
Operating Profit Growth % -1,028 39.9 -26.3
Net Profit Growth % 159 53.4 -56.5
Customer Loan Growth % 22.1 5.95 7.34
Total Asset Growth % 29.2 79.1 -9.10
Customer Deposit Growth % 38.1 95.8 -10.4
Shareholders' Equity Growth % 52.1 29.7 2.58
Employees 292 365 386

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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
income statement                                      
Net Interest Income CZK mil                         339 277 308 338 775    
Total Revenues CZK mil                         339 293 338 410 796    
Operating Profit CZK mil                         67.5 69.1 23.0 -28.3 263    
Net Profit CZK mil                         11.3 22.2 18.1 66.2 171    
balance sheet                                      
Interbank Loans CZK mil                         756 816 404 18,025 23,809    
Customer Loans CZK mil                         7,647 6,878 8,003 11,334 13,840    
Investments CZK mil                         635 913 1,160 864 1,676    
Total Assets CZK mil                         10,533 10,286 11,743 31,697 40,968    
                                         
Shareholders' Equity CZK mil                         907 1,360 1,547 2,243 3,411    
Interbank Borrowing CZK mil                         0 0 0 4,007 2,405    
Customer Deposits CZK mil                         9,272 8,835 10,100 25,349 35,002    
Issued Debt Securities CZK mil                         294 32.1 0 28.9 16.1    
ratios                                      
ROE % ...                       1.28 1.95 1.25 3.49 6.06    
ROA % ...                       0.112 0.213 0.164 0.305 0.471    
Costs (As % Of Assets) % ...                       2.68 2.15 2.86 2.02 1.47    
Costs (As % Of Income) %                         80.1 76.4 93.2 107 67.0    
Capital Adequacy Ratio % ... ... ... ... ...               11.1 14.1 13.3 12.5 16.5    
Net Interest Margin % ...                       3.35 2.66 2.79 1.56 2.13    
Interest Income (As % Of Revenues) %                         100 94.6 91.0 82.4 97.4    
Fee Income (As % Of Revenues) %                         -0.484 -1.27 -1.66 -1.44 -1.17    
Staff Cost (As % Of Total Cost) %                         34.5 41.1 33.8 36.1 35.6    
Equity (As % Of Assets) %                         8.61 13.2 13.2 7.08 8.33    
Loans (As % Of Deposits) %                         82.5 77.9 79.2 44.7 39.5    
Loans (As % Assets) %                         72.6 66.9 68.2 35.8 33.8    
NPLs (As % Of Loans) % ... ... ... ... ...               20.0 13.3 11.9 9.76 7.65    
Provisions (As % Of NPLs) % ... ... ... ... ...               16.1 29.6 30.5 17.6 26.6    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                      
Interest Income CZK mil                         625 541 545 655 1,056    
Interest Cost CZK mil                         285 264 237 317 281    
Net Interest Income CZK mil                         339 277 308 338 775    
Net Fee Income CZK mil                         -1.64 -3.71 -5.60 -5.90 -9.30    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                         0.853 19.5 36.0 78.1 30.0    
Total Revenues CZK mil                         339 293 338 410 796    
Staff Cost CZK mil                         93.6 92.2 107 158 190    
Depreciation CZK mil                         15.5 14.1 14.7 51.7 92.5    
Other Cost CZK mil                         162 118 194 229 251    
Operating Cost CZK mil                         271 224 315 439 533    
Operating Profit CZK mil                         67.5 69.1 23.0 -28.3 263    
Provisions CZK mil                         24.2 27.8 20.0 -103 35.4    
Extra and Other Cost CZK mil                         0 0 < -0.001 0 0    
Pre-Tax Profit CZK mil                         43.3 41.3 3.00 74.8 227    
Tax CZK mil                         31.9 19.1 21.1 8.60 55.8    
Minorities CZK mil                         0 0 0 0 0    
Net Profit CZK mil                         11.3 22.2 18.1 66.2 171    
Net Profit Avail. to Common CZK mil                         11.3 22.2 18.1 66.2 171    
growth rates                                      
Net Interest Income Growth % ...                       -2.40 -18.3 11.0 9.88 129    
Net Fee Income Growth % ...                       -41.3 127 50.8 5.36 57.6    
Total Revenue Growth % ...                       -16.3 -13.5 15.4 21.4 94.0    
Operating Cost Growth % ...                       -8.17 -17.4 40.7 39.2 21.6    
Operating Profit Growth % ...                       -38.1 2.28 -66.7 -223 -1,028    
Pre-Tax Profit Growth % ...                       203 -4.62 -92.7 2,393 204    
Net Profit Growth % ...                       11,134 95.2 -18.3 266 159    
market share                                      
Market Share in Revenues %                         0.202 0.168 0.188 0.229 0.418    
Market Share in Net Profit %                         0.018 0.033 0.024 0.088 0.210    
Market Share in Employees % ... ... ... ... ...               0.342 0.350 0.439 0.537 0.697    
Market Share in Branches % ... ... ... ... ...               0.587 0.647 0.684 0.823 1.07    
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                      
Cash & Cash Equivalents CZK mil                         1,371 1,546 1,938 752 1,027    
Interbank Loans CZK mil                         756 816 404 18,025 23,809    
Customer Loans CZK mil                         7,647 6,878 8,003 11,334 13,840    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...       270 259 263 188 256    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...       7,630 6,901 8,042 11,344 13,872    
Investments CZK mil                         635 913 1,160 864 1,676    
Property and Equipment CZK mil                         25.3 43.8 64.6 125 353    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                         10,533 10,286 11,743 31,697 40,968    
                                         
Shareholders' Equity CZK mil                         907 1,360 1,547 2,243 3,411    
Of Which Minority Interest CZK mil                         0 0 0 0 0    
Liabilities CZK mil                         9,625 8,927 10,196 29,454 37,557    
Interbank Borrowing CZK mil                         0 0 0 4,007 2,405    
Customer Deposits CZK mil                         9,272 8,835 10,100 25,349 35,002    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 24,860    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10,142    
Issued Debt Securities CZK mil                         294 32.1 0 28.9 16.1    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Liabilities CZK mil                         58.8 59.8 96.0 69.4 134    
asset quality                                      
Non-Performing Loans CZK mil ... ... ... ... ...               1,577 950 987 1,126 1,081    
Gross Loans CZK mil ... ... ... ... ...               7,900 7,160 8,304 11,532 14,128    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ...   9,300 8,692 10,502 16,189 18,639    
Total Provisions CZK mil ... ... ... ... ...               254 281 301 198 287    
growth rates                                      
Customer Loan Growth % ...                       -0.917 -10.1 16.4 41.6 22.1    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...     -33.1 -4.17 1.45 -28.4 36.1    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...     1.15 -9.56 16.5 41.1 22.3    
Total Asset Growth % ...                       8.41 -2.34 14.2 170 29.2    
Shareholders' Equity Growth % ...                       4.95 49.9 13.8 45.0 52.1    
Customer Deposit Growth % ...                       9.50 -4.72 14.3 151 38.1    
market share                                      
Market Share in Customer Loans %                         0.290 0.247 0.271 0.367 0.419    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...       0.872 0.749 0.824 1.11 1.28    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...       0.022 0.020 0.018 0.012 0.016    
Market Share in Total Assets %                         0.195 0.185 0.195 0.449 0.559    
Market Share in Customer Deposits %                         0.270 0.251 0.268 0.608 0.787    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                       
ROE % ...                       1.28 1.95 1.25 3.49 6.06    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... 0.826 1.64 1.26 3.31 6.56    
ROA % ...                       0.112 0.213 0.164 0.305 0.471    
Return on Loans % ...                       0.148 0.305 0.243 0.685 1.36    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... 0.737 0.768 0.240 -0.212 1.51    
Costs (As % Of Assets) % ...                       2.68 2.15 2.86 2.02 1.47    
Costs (As % Of Income) %                         80.1 76.4 93.2 107 67.0    
Costs (As % Of Loans) % ...                       3.53 3.08 4.23 4.54 4.24    
Costs (As % Of Loans & Deposits) % ...                       1.64 1.37 1.86 1.60 1.25    
Capital Adequacy Ratio % ... ... ... ... ...               11.1 14.1 13.3 12.5 16.5    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ...   8.78 14.1 13.4 12.5 16.5    
Net Interest Margin % ...                       3.35 2.66 2.79 1.56 2.13    
Interest Spread % ...                       3.08 2.35 2.47 1.42 2.07    
Asset Yield % ...                       6.17 5.20 4.95 3.02 2.91    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... 3.70 3.26 3.52 3.07 4.57    
Cost Of Liabilities % ...                       3.09 2.85 2.48 1.60 0.839    
Interest Income (As % Of Revenues) %                         100 94.6 91.0 82.4 97.4    
Fee Income (As % Of Revenues) %                         -0.484 -1.27 -1.66 -1.44 -1.17    
Other Income (As % Of Revenues) %                         0.252 6.65 10.6 19.0 3.77    
Staff Cost (As % Of Total Cost) %                         34.5 41.1 33.8 36.1 35.6    
Equity (As % Of Assets) %                         8.61 13.2 13.2 7.08 8.33    
Equity (As % Of Loans) %                         11.9 19.8 19.3 19.8 24.6    
Loans (As % Of Deposits) %                         82.5 77.9 79.2 44.7 39.5    
Loans (As % Assets) %                         72.6 66.9 68.2 35.8 33.8    
NPLs (As % Of Loans) % ... ... ... ... ...               20.0 13.3 11.9 9.76 7.65    
Provisions (As % Of NPLs) % ... ... ... ... ...               16.1 29.6 30.5 17.6 26.6    
Provisions (As % Of Loans) % ... ... ... ... ...               3.32 4.09 3.76 1.75 2.07    
Cost of Provisions (As % Of Loans) % ...                       0.316 0.383 0.269 -1.07 0.281    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                       
Branches ... ... ... ... ...               13.0 14.0 14.0 16.0 21.0    
Employees ... ... ... ... ...               138 144 180 225 292    
Employees Per Bank Branch ... ... ... ... ...               10.6 10.3 12.9 14.1 13.9    
Cost Per Employee USD per month ... ... ... ... ...               2,645 2,234 1,954 2,500 2,477    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ...               56,527 53,328 49,306 58,667 54,195    
customer breakdown Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                       
Customers mil ... ... ... ... ...               0.019 0.019 0.020 0.040 0.056    
Revenue per Customer (Local Currency) CZK ... ... ... ... ...               17,472 15,331 16,754 10,387 14,213    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...               586 1,159 897 1,676 3,059    
Loan per Customer (Local Currency) CZK ... ... ... ... ...               394,618 359,891 396,586 286,939 247,150    
Deposit per Customer (Local Currency) CZK ... ... ... ... ...               478,502 462,254 500,476 641,739 625,034    
Revenue per Customer USD ... ... ... ... ...               818 642 664 443 650    
Net Profit per Customer USD ... ... ... ... ...               27.4 48.6 35.5 71.4 140    
Loan per Customer USD ... ... ... ... ...               17,222 14,498 15,468 13,477 11,001    
Deposit per Customer USD ... ... ... ... ...               20,882 18,621 19,520 30,141 27,821    

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Creditas's total revenues fell 30.0% yoy to CZK 201 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas generated total banking revenues of CZK 201 mil in 2021-09-30, down 17.6% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 45,285 mil in 2021-09-30, down 2.23% when compared to the last ...

Creditas's customer deposits fell 6.19% yoy to CZK 59,440 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas's customer deposits reached CZK 59,440 mil in 2021-09-30, down 0.989% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,949 bil in 2021-09-30, up 1.60% when compared to the last year. Banka Creditas acc...

Creditas's customer loans rose 8.85% yoy to CZK 14,142 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas's customer loans reached CZK 14,142 mil in 2021-09-30, up 0.323% compared to the previous year. Czech banking sector provided customer loans of CZK 3,777 bil in 2021-09-30, up 2.04% when compared to the last year. Banka Creditas accounted f...

Creditas's capital adequacy ratio rose 0.713% yoy to 20.4% in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas's capital adequacy ratio reached 20.4% at the end of third quarter of 2021, down from 20.4% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 20.4% in 2Q2021 and an all time low of 10.4% in 1Q2014. ...

Creditas's net profit fell 94.6% yoy to CZK 3.15 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas made a net profit of CZK 3.15 mil in the third quarter of 2021, down 94.6% when compared to the same period of last year. This implies a return on equity of 0.277%. Historically, the bank’s net profit reached an all time high of CZK 96.8 mil in 3Q2...

Creditas's net profit fell 94.6% yoy to CZK 3.15 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas made a net profit of CZK 3.15 mil under revenues of CZK 201 mil in the third quarter of 2021, down 94.6% and 30% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK 96.8 m...

Creditas's costs (as % of assets) rose 24.8% yoy to 1.35% in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas's cost to income ratio reached 109% in the third quarter of 2021, up from 90.9% 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 3Q2014...

Creditas's npls (as % of loans) rose 110% yoy to 18.9% in 1Q2021

By Helgi Analytics - September 22, 2021

Banka Creditas's non-performing loans reached 18.9% of total loans at the end of 2021-03-31, up from 9.00% 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. Pro...

Creditas's net interest income rose 46.1% yoy to CZK 243 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas generated total banking revenues of CZK 201 mil in the third quarter of 2021, down 30% when compared to the same period of last year and 17.6% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

Creditas's customer loan growth rose 287% yoy to 8.85% in 3Q2021

By Helgi Analytics - March 20, 2022

Banka Creditas's customer loan growth reached 8.85% in 2021-09-30, up from -4.74% 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 33.4% and 40.7% a year on average in the last 10 years. Its loans and deposits have grown by 23.1% and 41.9% a year during that time and loans to deposits ratio reached 25.6% at the end of 2020. The company achieved an average return on equity of 2.87% in the last decade with net profit growing 19.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 75.2% in 2020, compared to 77.4% average in the last decade.

Equity represented 6.80% of total assets or 28.8% of loans at the end of 2020. Banka Creditas's non-performing loans were 17.5% of total loans while provisions covered some 14.8% of NPLs at the end of 2020.

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