Ceska Sporitelna

CS's mortgage loans rose 9.44% yoy to CZK 299,000 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's mortgage loans reached CZK 299,000 mil in 2020-09-30, up 2.54% compared to the previous year. Czech banking ...

CS's net interest margin fell 12.8% yoy to 1.72% in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's net interest margin amounted to 1.72% in the third quarter of 2020, up from 1.65% when compared to the previo...

CS's customer deposits rose 6.70% yoy to CZK 1,144,360 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's customer deposits reached CZK 1,144,360 mil in 2020-09-30, up 0.327% compared to the previous year. Czech ba...

Profit Statement 2017 2018 2019
Net Interest Income CZK mil 25,350 27,821 30,261
Fee Income (As % Of Revenues) % 23.6 21.8 20.5
Other Income CZK mil 3,074 2,727 3,047
Total Revenues CZK mil 37,227 39,088 41,899
Staff Cost CZK mil 9,224 9,553 10,156
Operating Profit CZK mil 18,987 20,761 22,547
Provisions CZK mil 33.0 -288 160
Net Profit CZK mil 14,610 15,362 17,743
Balance Sheet 2017 2018 2019
Interbank Loans CZK mil 157,525 389,844 411,650
Customer Loans CZK mil 638,694 685,639 720,739
Debt Securities CZK mil 231,415 256,942 253,309
Total Assets CZK mil 1,329,220 1,426,460 1,458,650
Shareholders' Equity CZK mil 120,975 122,657 137,339
Interbank Borrowing CZK mil 295,232 318,861 292,111
Customer Deposits CZK mil 883,237 952,506 993,258
Issued Debt Securities CZK mil 1,805 8,564 9,621
Ratios 2017 2018 2019
ROE % 12.0 12.6 13.6
ROA % 1.22 1.11 1.23
Costs (As % Of Assets) % 1.52 1.33 1.34
Costs (As % Of Income) % 49.0 46.9 46.2
Capital Adequacy Ratio % 18.7 19.0 21.8
Net Interest Margin % 2.12 2.02 2.10
Loans (As % Of Deposits) % 72.3 72.0 72.6
NPLs (As % Of Loans) % 2.10 1.80 1.80
Provisions (As % Of NPLs) % 90.3 99.2 96.0
Growth Rates 2017 2018 2019
Total Revenue Growth % -2.62 5.00 7.19
Operating Cost Growth % 0.518 0.477 5.59
Operating Profit Growth % -5.45 9.34 8.60
Net Profit Growth % -5.48 5.15 15.5
Customer Loan Growth % 10.6 7.35 5.12
Total Asset Growth % 24.6 7.32 2.26
Customer Deposit Growth % 12.0 7.84 4.28
Shareholders' Equity Growth % -0.620 1.39 12.0
Employees 10,248 10,244 9,873

Get all company financials in excel:

Download Sample   $19.99

summary Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                            
Net Interest Income CZK mil ... ...                           27,910 26,672 25,864 25,512 25,350    
Total Revenues CZK mil ... ...                           41,886 41,138 39,743 38,227 37,227    
Operating Profit CZK mil ... ...                           24,292 22,904 21,157 20,081 18,987    
Net Profit CZK mil ... ...                           15,588 15,070 14,293 15,457 14,610    
balance sheet                                            
Interbank Loans CZK mil ... ... ... ...                       75,393 38,533 34,717 22,328 157,525    
Customer Loans CZK mil ... ...                           489,194 500,039 532,524 577,453 638,694    
Debt Securities CZK mil ... ... ... ...                       289,947 276,183 255,335 271,059 231,415    
Total Assets CZK mil ... ...                           968,723 902,589 959,584 1,066,530 1,329,220    
                                               
Shareholders' Equity CZK mil ... ...                           100,978 107,783 119,963 121,730 120,975    
Interbank Borrowing CZK mil ... ... ... ...                       73,036 54,570 83,915 114,282 295,232    
Customer Deposits CZK mil ... ...                           726,592 680,439 713,836 788,873 883,237    
Issued Debt Securities CZK mil ... ...                           30,464 23,833 15,493 9,173 1,805    
ratios                                            
ROE % ... ...                           16.0 14.4 12.6 12.8 12.0    
ROA % ... ...                           1.65 1.61 1.54 1.53 1.22    
Costs (As % Of Assets) % ... ...                           1.86 1.95 2.00 1.79 1.52    
Costs (As % Of Income) % ... ...                           42.0 44.3 46.8 47.5 49.0    
Capital Adequacy Ratio % ... ...                           18.6 18.5 21.3 20.1 18.7    
Net Interest Margin % ... ...                           2.95 2.85 2.78 2.52 2.12    
Interest Income (As % Of Revenues) % ... ...                           66.6 64.8 65.1 66.7 68.1    
Fee Income (As % Of Revenues) % ... ...                           27.0 27.5 25.8 24.3 23.6    
Staff Cost (As % Of Total Cost) % ... ...                           51.2 47.3 47.4 50.5 50.6    
Equity (As % Of Assets) % ... ...                           10.4 11.9 12.5 11.4 9.10    
Loans (As % Of Deposits) % ... ...                           67.3 73.5 74.6 73.2 72.3    
Loans (As % Assets) % ... ...                           50.5 55.4 55.5 54.1 48.1    
NPLs (As % Of Loans) % ... ...                           4.87 4.43 3.82 3.12 2.10    
Provisions (As % Of NPLs) % ... ...                           67.6 70.7 73.0 84.1 90.3    
income statement Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                            
Interest Income CZK mil ... ...                           33,348 30,832 28,974 28,442 28,148    
Interest Cost CZK mil ... ...                           5,438 4,160 3,110 2,930 2,798    
Net Interest Income CZK mil ... ...                           27,910 26,672 25,864 25,512 25,350    
Net Fee Income CZK mil ... ...                           11,294 11,306 10,254 9,308 8,803    
Other Income CZK mil ... ...                           2,682 3,160 3,625 3,407 3,074    
Total Revenues CZK mil ... ...                           41,886 41,138 39,743 38,227 37,227    
Staff Cost CZK mil ... ...                           9,013 8,632 8,804 9,169 9,224    
Depreciation CZK mil ... ...                           2,061 2,271 2,154 2,114 2,046    
Other Cost CZK mil ... ...                           6,520 7,331 7,628 6,863 6,970    
Operating Cost CZK mil ... ...                           17,594 18,234 18,586 18,146 18,240    
Operating Profit CZK mil ... ...                           24,292 22,904 21,157 20,081 18,987    
Provisions CZK mil ... ...                           3,332 3,728 2,648 1,905 33.0    
Extra and Other Cost CZK mil ... ...                           1,480 456 569 -749 927    
Pre-Tax Profit CZK mil ... ...                           19,481 18,720 17,940 18,925 18,027    
Tax CZK mil ... ...                           3,904 3,650 3,645 3,470 3,415    
Minorities CZK mil ... ...                           11.5 -1.00 2.00 -2.00 2.00    
Net Profit CZK mil ... ...                           15,588 15,070 14,293 15,457 14,610    
Dividends CZK mil ... ... ...                         9,120 11,400 13,423 11,552 11,704 ... ...
growth rates                                            
Net Interest Income Growth % ... ... ...                         -5.88 -4.44 -3.03 -1.36 -0.635    
Net Fee Income Growth % ... ... ...                         -4.03 0.107 -9.30 -9.23 -5.43    
Total Revenue Growth % ... ... ...                         -3.87 -1.79 -3.39 -3.81 -2.62    
Operating Cost Growth % ... ... ...                         -3.64 3.64 1.93 -2.37 0.518    
Operating Profit Growth % ... ... ...                         -4.03 -5.71 -7.63 -5.09 -5.45    
Pre-Tax Profit Growth % ... ... ...                         -5.33 -3.91 -4.17 5.49 -4.75    
Net Profit Growth % ... ... ...                         -6.16 -3.32 -5.16 8.14 -5.48    
market share                                            
Market Share in Revenues % ... ...                           24.9 24.5 22.8 21.2 20.8   ...
Market Share in Net Profit % ... ...                           25.5 23.9 21.5 21.0 19.4   ...
Market Share in Employees %                               26.5 25.9 25.5 25.3 24.5   ...
Market Share in Bank Cards %                               31.5 28.5 27.3 26.0 25.0   ...
Market Share in Debit Cards % ... ...                           36.7 32.7 31.2 29.6 29.4   ...
Market Share in Credit Cards % ... ...                           15.4 14.3 13.3 11.2 9.72   ...
Market Share in Branches %                               29.3 29.1 28.7 27.4 26.6   ...
balance sheet Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                            
Cash CZK mil ... ... ... ...                       77,581 54,489 111,027 173,100 280,221    
Interbank Loans CZK mil ... ... ... ...                       75,393 38,533 34,717 22,328 157,525    
Customer Loans CZK mil ... ...                           489,194 500,039 532,524 577,453 638,694    
Retail Loans CZK mil ... ...                           275,900 284,029 302,306 318,000 349,400    
Mortgage Loans CZK mil ... ...                           155,099 167,160 186,813 209,600 233,400    
Consumer Loans CZK mil ... ... ... ... ... ...                   69,740 67,356 64,716 64,500 66,300    
Corporate Loans CZK mil ... ...                           196,839 198,044 207,572 233,100 255,924    
Debt Securities CZK mil ... ... ... ...                       289,947 276,183 255,335 271,059 231,415    
Fixed Assets CZK mil ... ... ... ... ...                     13,732 13,431 12,318 10,456 9,913    
Total Assets CZK mil ... ...                           968,723 902,589 959,584 1,066,530 1,329,220    
                                               
Shareholders' Equity CZK mil ... ...                           100,978 107,783 119,963 121,730 120,975    
Of Which Minority Interest CZK mil ... ...                           316 -26.0 -23.0 166 165    
Liabilities CZK mil ... ...                           867,745 794,806 839,621 944,796 1,208,250    
Interbank Borrowing CZK mil ... ... ... ...                       73,036 54,570 83,915 114,282 295,232    
Customer Deposits CZK mil ... ...                           726,592 680,439 713,836 788,873 883,237    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 579,900 619,400    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... 151,700 201,500    
Issued Debt Securities CZK mil ... ...                           30,464 23,833 15,493 9,173 1,805    
Other Liabilities CZK mil ... ... ... ...                       37,653 35,964 26,377 32,468 27,974    
asset quality                                            
Non-Performing Loans CZK mil ... ...                           24,657 22,894 20,905 18,479 13,672    
Gross Loans CZK mil ... ...                           505,872 516,228 547,785 593,000 651,034    
Total Provisions CZK mil ... ...                           16,679 16,189 15,261 15,547 12,340    
growth rates                                            
Customer Loan Growth % ... ... ...                         3.89 2.22 6.50 8.44 10.6    
Retail Loan Growth % ... ... ...                         4.62 2.95 6.43 5.19 9.87    
Mortgage Loan Growth % ... ... ...                         11.5 7.78 11.8 12.2 11.4    
Consumer Loan Growth % ... ... ... ... ... ... ...                 -3.79 -3.42 -3.92 -0.334 2.79    
Corporate Loan Growth % ... ... ...                         6.16 0.612 4.81 12.3 9.79    
Total Asset Growth % ... ... ...                         5.25 -6.83 6.31 11.1 24.6    
Shareholders' Equity Growth % ... ... ...                         8.22 6.74 11.3 1.47 -0.620    
Customer Deposit Growth % ... ... ...                         3.13 -6.35 4.91 10.5 12.0    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6.81    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 32.8    
market share                                            
Market Share in Customer Loans % ... ...                           19.5 19.0 19.1 19.6 20.7    
Market Share in Corporate Loans % ... ...                           22.7 22.6 22.5 23.9 25.0    
Market Share in Retail Loans % ... ... ... ... ... ...                   21.1 20.4 18.4 17.6 17.4    
Market Share in Consumer Loans % ... ...                           23.3 23.1 22.8 22.4 22.8    
Market Share in Mortgage Loans % ... ...                           18.2 18.6 19.2 19.9 20.3    
Market Share in Total Assets % ... ...                           18.6 16.8 17.3 17.7 18.8    
Market Share in Customer Deposits % ... ...                           21.8 19.8 20.3 20.9 21.2    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 26.2 26.1    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... 16.6 20.2    
ratios Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                            
ROE % ... ...                           16.0 14.4 12.6 12.8 12.0    
ROA % ... ...                           1.65 1.61 1.54 1.53 1.22    
Costs (As % Of Assets) % ... ...                           1.86 1.95 2.00 1.79 1.52    
Costs (As % Of Income) % ... ...                           42.0 44.3 46.8 47.5 49.0    
Capital Adequacy Ratio % ... ...                           18.6 18.5 21.3 20.1 18.7    
Tier 1 Ratio % ... ...                           17.3 18.4 21.2 19.5 18.1    
Net Interest Margin % ... ...                           2.95 2.85 2.78 2.52 2.12    
Interest Spread % ... ... ...                         2.89 2.79 2.73 2.48 2.09    
Asset Yield % ... ...                           3.53 3.30 3.11 2.81 2.35    
Cost Of Liabilities % ... ... ...                         0.642 0.500 0.381 0.328 0.260    
Payout Ratio % ... ... ...                         58.5 75.6 93.9 74.7 80.1 ... ...
Interest Income (As % Of Revenues) % ... ...                           66.6 64.8 65.1 66.7 68.1    
Fee Income (As % Of Revenues) % ... ...                           27.0 27.5 25.8 24.3 23.6    
Other Income (As % Of Revenues) % ... ...                           6.40 7.68 9.12 8.91 8.26    
Cost Per Employee USD per month ... ...                           3,604 3,214 2,927 2,920 3,194   ...
Cost Per Employee (Local Currency) CZK per month ... ...                           70,520 68,698 69,866 73,675 75,007    
Staff Cost (As % Of Total Cost) % ... ...                           51.2 47.3 47.4 50.5 50.6    
Equity (As % Of Assets) % ... ...                           10.4 11.9 12.5 11.4 9.10    
Loans (As % Of Deposits) % ... ...                           67.3 73.5 74.6 73.2 72.3    
Loans (As % Assets) % ... ...                           50.5 55.4 55.5 54.1 48.1    
NPLs (As % Of Loans) % ... ...                           4.87 4.43 3.82 3.12 2.10    
Provisions (As % Of NPLs) % ... ...                           67.6 70.7 73.0 84.1 90.3    
Provisions (As % Of Loans) % ... ...                           3.41 3.24 2.87 2.69 1.93    
Cost of Provisions (As % Of Loans) % ... ...                           0.694 0.754 0.513 0.343 0.005    
other data Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                             
Branches                               653 644 621 561 517    
Employees                               10,651 10,471 10,501 10,371 10,248    
ATMs ... ... ... ...                       1,530 1,561 1,589 1,642 1,704    
Clients mil ... ... ...                         5.26 4.92 4.79 4.71 4.67    
E-Clients mil ... ... ... ... ... ... ...                 1.59 1.76 1.66 ... ... ... ...
Payment Cards '000                               3,234 3,145 3,119 2,946 2,828    
Debit Cards '000 ... ...                           2,914 2,855 2,850 2,737 2,643    
Credit Cards '000 ... ...                           319 290 269 210 185    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 507,100 557,900 ... ...

Get all company financials in excel:

Download Sample   $19.99

CS's capital adequacy ratio rose 22.3% yoy to 24.7% in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's capital adequacy ratio reached 24.7% at the end of third quarter of 2020, down from 25.3% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 25.3% in 2Q2020 and an all time low of 9.40% in 4Q2007...

CS's retail deposits rose 10.4% yoy to CZK 777,400 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's retail deposits reached CZK 777,400 mil in 2020-09-30, up 2.18% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,961 bil in 2020-09-30, up 2.15% when compared to the last year. Ceska Sporitelna accou...

CS's branches fell 8.04% yoy to 446 in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna employed 9,914 persons in 2020-09-30, down 0.322% compared to the previous year. Historically, the bank's workforce hit an all time high of 12,999 persons in 2002-12-31 and an all time low of 9,678 in 2019-12-31. The bank operated a network of...

CS's customer loans rose 4.85% yoy to CZK 760,465 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's customer loans reached CZK 760,465 mil in 2020-09-30, up 0.554% compared to the previous year. Czech banking sector provided customer loans of CZK 3,619 bil in 2020-09-30, up 1.08% when compared to the last year. Ceska Sporitelna accoun...

CS's employees remain unchanged yoy at in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna employed 9,723 persons in 2019-09-30, down 0.998% when compared to the previous year. Historically, the bank's workforce hit an all time high of 12,999 persons in 2002-12-31 and an all time low of 9,723 in 2019-09-30. Average cost reached USD 3,97...

CS's retail loans rose 7.67% yoy to CZK 432,300 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's retail loans reached CZK 432,300 mil in the third quarter of 2020, up 2.25% compared to the previous year. Czech banking sector provided retail loans of CZK 1,825 bil in 3Q2020, up 1.91% when compared to the last year. Ceska Sporitelna ...

CS's net profit fell 22.3% yoy to CZK 3,318 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna made a net profit of CZK 3,318 mil in the third quarter of 2020, down 22.3% when compared to the same period of last year. This implies a return on equity of 8.99%. Historically, the bank’s net profit reached an all time high of CZK 4,863 mil in ...

CS's net profit fell 22.3% yoy to CZK 3,318 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna made a net profit of CZK 3,318 mil under revenues of CZK 10,109 mil in the third quarter of 2020, down 22.3% and 1.48% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZ...

CS's costs (as % of assets) fell 8.48% yoy to 1.14% in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's cost to income ratio reached 46.6% in the third quarter of 2020, down from 49.6% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 64.6% of income in 3Q2002 and an all time low of 39.8% in 3Q...

CS's corporate loans rose 1.38% yoy to CZK 271,400 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Ceska Sporitelna's loans reached CZK 768,000 mil in the third quarter of 2020, up from CZK 764,500 mil when compared to the previous quarter and up from CZK 733,700 mil when compared to the same period of last year. Historically, the bank’s loans re...

More News

Česká Spořitelna is the largest retail bank in the Czech Republic. Through a network of almost 500 branches and 1,800 ATMs (2019), it serviced some 5 million retail clients in 2019. Following hefty loan losses and a government-orchestrated bailout at the end of the 1990s, the bank was sold to Austria's Erste Bank in 2000.

Ceska Sporitelna Logo

Finance

Ceska Sporitelna has been growing its revenues and asset by -0.854% and 5.49% a year on average in the last 10 years. Its loans and deposits have grown by 4.72% and 4.37% a year during that time and loans to deposits ratio reached 72.6% at the end of 2019. The company achieved an average return on equity of 14.9% in the last decade with net profit growing 3.46% a year on average. In terms of operating efficiency, its cost to income ratio reached 46.2% in 2019, compared to 44.7% average in the last decade.

Equity represented 9.42% of total assets or 19.1% of loans at the end of 2019. Ceska Sporitelna's non-performing loans were 1.80% of total loans while provisions covered some 96.0% of NPLs at the end of 2019.