Ceska Sporitelna

CS's mortgage loans rose 1.75% to CZK 267,800 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's mortgage loans reached CZK 267,800 mil in 2019-06-30, up 1.75% compared to the previous year. Czech banking ...

CS's net interest margin fell 1.51% to 1.96% in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's net interest margin amounted to 1.96% in the second quarter of 2019, down from 1.99% when compared to the pre...

CS's customer deposits rose 5.54% to CZK 1,041,280 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's customer deposits reached CZK 1,041,280 mil in 2019-06-30, up 5.54% compared to the previous year. Czech ban...

Profit Statement 2016 2017 2018
Net Interest Income CZK mil 25,512 25,350 27,821
Fee Income (As % Of Revenues) % 24.3 23.6 21.8
Other Income CZK mil 3,407 3,074 2,727
Total Revenues CZK mil 38,227 37,227 39,088
Staff Cost CZK mil 9,169 9,224 9,553
Operating Profit CZK mil 20,081 18,987 20,761
Provisions CZK mil 1,905 33.0 -288
Net Profit CZK mil 15,457 14,610 15,362
Balance Sheet 2016 2017 2018
Interbank Loans CZK mil 22,328 157,525 389,844
Customer Loans CZK mil 577,453 638,694 685,639
Debt Securities CZK mil 271,059 231,415 256,942
Total Assets CZK mil 1,066,530 1,329,220 1,426,460
Shareholders' Equity CZK mil 121,730 120,975 122,657
Interbank Borrowing CZK mil 114,282 295,232 318,861
Customer Deposits CZK mil 788,873 883,237 952,506
Issued Debt Securities CZK mil 9,173 1,805 8,564
Ratios 2016 2017 2018
ROE % 12.8 12.0 12.6
ROA % 1.53 1.22 1.11
Costs (As % Of Assets) % 1.79 1.52 1.33
Costs (As % Of Income) % 47.5 49.0 46.9
Capital Adequacy Ratio % 20.1 18.7 19.2
Net Interest Margin % 2.52 2.12 2.02
Loans (As % Of Deposits) % 73.2 72.3 72.0
NPLs (As % Of Loans) % 3.12 2.10 1.80
Provisions (As % Of NPLs) % 84.1 90.3 99.2
Growth Rates 2016 2017 2018
Total Revenue Growth % -3.81 -2.62 5.00
Operating Cost Growth % -2.37 0.518 0.477
Operating Profit Growth % -5.09 -5.45 9.34
Net Profit Growth % 8.14 -5.48 5.15
Customer Loan Growth % 8.44 10.6 7.35
Total Asset Growth % 11.1 24.6 7.32
Customer Deposit Growth % 10.5 12.0 7.84
Shareholders' Equity Growth % 1.47 -0.620 1.39
Employees 10,299 10,171 10,115

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summary Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                          
Net Interest Income CZK mil ... ...                         29,653 27,910 26,672 25,864 25,512    
Total Revenues CZK mil ... ...                         43,571 41,886 41,138 39,743 38,227    
Operating Profit CZK mil ... ...                         25,312 24,292 22,904 21,157 20,081    
Net Profit CZK mil ... ...                         16,612 15,588 15,070 14,293 15,457    
balance sheet                                          
Interbank Loans CZK mil ... ... ... ...                     65,320 75,393 38,533 34,717 22,328    
Customer Loans CZK mil ... ...                         470,859 489,194 500,039 532,524 577,453    
Debt Securities CZK mil ... ... ... ...                     323,598 289,947 276,183 255,335 271,059    
Total Assets CZK mil ... ...                         920,403 968,723 902,589 959,584 1,066,530    
Shareholders' Equity CZK mil ... ...                         93,312 100,978 107,783 119,963 121,730    
Interbank Borrowing CZK mil ... ... ... ...                     44,344 73,036 54,570 83,915 114,282    
Customer Deposits CZK mil ... ...                         704,532 726,592 680,439 713,836 788,873    
Issued Debt Securities CZK mil ... ...                         38,413 30,464 23,833 15,493 9,173    
ratios                                          
ROE % ... ...                         19.2 16.0 14.4 12.6 12.8    
ROA % ... ...                         1.83 1.65 1.61 1.54 1.53    
Costs (As % Of Assets) % ... ...                         2.01 1.86 1.95 2.00 1.79    
Costs (As % Of Income) % ... ...                         41.9 42.0 44.3 46.8 47.5    
Capital Adequacy Ratio % ... ...                         16.1 18.6 18.5 21.3 20.1    
Net Interest Margin % ... ...                         3.27 2.95 2.85 2.78 2.52    
Interest Income (As % Of Revenues) % ... ...                         68.1 66.6 64.8 65.1 66.7    
Fee Income (As % Of Revenues) % ... ...                         27.0 27.0 27.5 25.8 24.3    
Staff Cost (As % Of Total Cost) % ... ...                         48.1 51.2 47.3 47.4 50.5    
Equity (As % Of Assets) % ... ...                         10.1 10.4 11.9 12.5 11.4    
Loans (As % Of Deposits) % ... ...                         66.8 67.3 73.5 74.6 73.2    
Loans (As % Assets) % ... ...                         51.2 50.5 55.4 55.5 54.1    
NPLs (As % Of Loans) % ... ...                         5.45 4.87 4.43 3.82 3.12    
Provisions (As % Of NPLs) % ... ...                         63.1 67.6 70.7 73.0 84.1    
income statement Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                          
Interest Income CZK mil ... ...                         36,777 33,348 30,832 28,974 28,442    
Interest Cost CZK mil ... ...                         7,124 5,438 4,160 3,110 2,930    
Net Interest Income CZK mil ... ...                         29,653 27,910 26,672 25,864 25,512    
Net Fee Income CZK mil ... ...                         11,769 11,294 11,306 10,254 9,308    
Other Income CZK mil ... ...                         2,150 2,682 3,160 3,625 3,407    
Total Revenues CZK mil ... ...                         43,571 41,886 41,138 39,743 38,227    
Staff Cost CZK mil ... ...                         8,783 9,013 8,632 8,804 9,169    
Depreciation CZK mil ... ...                         2,201 2,061 2,271 2,154 2,114    
Other Cost CZK mil ... ...                         7,275 6,520 7,331 7,628 6,863    
Operating Cost CZK mil ... ...                         18,259 17,594 18,234 18,586 18,146    
Operating Profit CZK mil ... ...                         25,312 24,292 22,904 21,157 20,081    
Provisions CZK mil ... ...                         3,707 3,332 3,728 2,648 1,905    
Extra and Other Cost CZK mil ... ...                         1,027 1,480 456 569 -749    
Pre-Tax Profit CZK mil ... ...                         20,578 19,481 18,720 17,940 18,925    
Tax CZK mil ... ...                         4,175 3,904 3,650 3,645 3,470    
Minorities CZK mil ... ...                         209 11.5 -1.00 2.00 -2.00    
Net Profit CZK mil ... ...                         16,612 15,588 15,070 14,293 15,457    
Dividends CZK mil ... ... ...                       7,600 9,120 11,400 13,423 11,552   ...
growth rates                                          
Net Interest Income Growth % ... ... ...                       -5.07 -5.88 -4.44 -3.03 -1.36    
Net Fee Income Growth % ... ... ...                       -4.95 -4.03 0.107 -9.30 -9.23    
Total Revenue Growth % ... ... ...                       -1.12 -3.87 -1.79 -3.39 -3.81    
Operating Cost Growth % ... ... ...                       -0.897 -3.64 3.64 1.93 -2.37    
Operating Profit Growth % ... ... ...                       -1.28 -4.03 -5.71 -7.63 -5.09    
Pre-Tax Profit Growth % ... ... ...                       20.6 -5.33 -3.91 -4.17 5.49    
Net Profit Growth % ... ... ...                       21.8 -6.16 -3.32 -5.16 8.14    
market share                                          
Market Share in Revenues % ... ...                         26.1 24.9 24.5 22.8 21.2    
Market Share in Net Profit % ... ...                         25.8 25.5 23.9 21.5 21.0    
Market Share in Employees %                             26.7 26.5 25.9 25.5 25.1    
Market Share in Bank Cards %                             31.3 31.5 28.5 27.3 26.0    
Market Share in Debit Cards % ... ...                         34.2 36.7 32.7 31.2 29.6   ...
Market Share in Credit Cards % ... ...                         18.5 15.4 14.3 13.3 11.2   ...
Market Share in Branches %                             31.3 29.3 29.1 28.7 27.4    
balance sheet Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                          
Cash CZK mil ... ... ... ...                     22,501 77,581 54,489 111,027 173,100    
Interbank Loans CZK mil ... ... ... ...                     65,320 75,393 38,533 34,717 22,328    
Customer Loans CZK mil ... ...                         470,859 489,194 500,039 532,524 577,453    
Retail Loans CZK mil ... ...                         263,714 275,900 284,029 302,306 318,000    
Mortgage Loans CZK mil ... ...                         139,158 155,099 167,160 186,813 209,600    
Consumer Loans CZK mil ... ... ... ... ... ...                 72,490 69,740 67,356 64,716 64,500    
Corporate Loans CZK mil ... ...                         185,425 196,839 198,044 207,572 233,100    
Debt Securities CZK mil ... ... ... ...                     323,598 289,947 276,183 255,335 271,059    
Fixed Assets CZK mil ... ... ... ... ...                   12,686 13,732 13,431 12,318 10,456    
Total Assets CZK mil ... ...                         920,403 968,723 902,589 959,584 1,066,530    
Shareholders' Equity CZK mil ... ...                         93,312 100,978 107,783 119,963 121,730    
Of Which Minority Interest CZK mil ... ...                         122 316 -26.0 -23.0 166    
Liabilities CZK mil ... ...                         827,092 867,745 794,806 839,621 944,796    
Interbank Borrowing CZK mil ... ... ... ...                     44,344 73,036 54,570 83,915 114,282    
Customer Deposits CZK mil ... ...                         704,532 726,592 680,439 713,836 788,873    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 579,900    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... 151,700    
Issued Debt Securities CZK mil ... ...                         38,413 30,464 23,833 15,493 9,173    
Other Liabilities CZK mil ... ... ... ...                     39,802 37,653 35,964 26,377 32,468    
asset quality                                          
Non-Performing Loans CZK mil ... ...                         26,598 24,657 22,894 20,905 18,479    
Gross Loans CZK mil ... ...                         487,654 505,872 516,228 547,785 593,000    
Total Provisions CZK mil ... ...                         16,795 16,679 16,189 15,261 15,547    
growth rates                                          
Customer Loan Growth % ... ... ...                       1.14 3.89 2.22 6.50 8.44    
Retail Loan Growth % ... ... ...                       0.984 4.62 2.95 6.43 5.19    
Mortgage Loan Growth % ... ... ...                       9.08 11.5 7.78 11.8 12.2    
Consumer Loan Growth % ... ... ... ... ... ... ...               -6.32 -3.79 -3.42 -3.92 -0.334    
Corporate Loan Growth % ... ... ...                       3.30 6.16 0.612 4.81 12.3    
Total Asset Growth % ... ... ...                       3.12 5.25 -6.83 6.31 11.1    
Shareholders' Equity Growth % ... ... ...                       16.8 8.22 6.74 11.3 1.47    
Customer Deposit Growth % ... ... ...                       4.80 3.13 -6.35 4.91 10.5    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
market share                                          
Market Share in Customer Loans % ... ...                         20.0 19.5 19.0 19.1 19.6    
Market Share in Corporate Loans % ... ...                         22.2 22.7 22.6 22.5 23.9    
Market Share in Retail Loans % ... ... ... ... ... ...                 22.3 21.1 20.4 18.4 17.6    
Market Share in Consumer Loans % ... ...                         23.2 23.3 23.1 22.8 22.4    
Market Share in Mortgage Loans % ... ...                         17.2 18.2 18.6 19.2 19.9    
Market Share in Total Assets % ... ...                         19.9 18.6 16.8 17.3 17.7    
Market Share in Customer Deposits % ... ...                         22.5 21.8 19.8 20.3 20.9    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 26.2    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... 16.6    
ratios Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                          
ROE % ... ...                         19.2 16.0 14.4 12.6 12.8    
ROA % ... ...                         1.83 1.65 1.61 1.54 1.53    
Costs (As % Of Assets) % ... ...                         2.01 1.86 1.95 2.00 1.79    
Costs (As % Of Income) % ... ...                         41.9 42.0 44.3 46.8 47.5    
Capital Adequacy Ratio % ... ...                         16.1 18.6 18.5 21.3 20.1    
Tier 1 Ratio % ... ...                         15.5 17.3 18.4 21.2 19.5    
Net Interest Margin % ... ...                         3.27 2.95 2.85 2.78 2.52    
Interest Spread % ... ... ...                       3.19 2.89 2.79 2.73 2.48    
Asset Yield % ... ...                         4.06 3.53 3.30 3.11 2.81    
Cost Of Liabilities % ... ... ...                       0.869 0.642 0.500 0.381 0.328    
Payout Ratio % ... ... ...                       45.7 58.5 75.6 93.9 74.7   ...
Interest Income (As % Of Revenues) % ... ...                         68.1 66.6 64.8 65.1 66.7    
Fee Income (As % Of Revenues) % ... ...                         27.0 27.0 27.5 25.8 24.3    
Other Income (As % Of Revenues) % ... ...                         4.93 6.40 7.68 9.12 8.91    
Cost Per Employee USD per month ... ...                         3,478 3,604 3,214 2,927 2,940    
Cost Per Employee (Local Currency) CZK per month ... ...                         68,024 70,520 68,698 69,866 74,190    
Staff Cost (As % Of Total Cost) % ... ...                         48.1 51.2 47.3 47.4 50.5    
Equity (As % Of Assets) % ... ...                         10.1 10.4 11.9 12.5 11.4    
Loans (As % Of Deposits) % ... ...                         66.8 67.3 73.5 74.6 73.2    
Loans (As % Assets) % ... ...                         51.2 50.5 55.4 55.5 54.1    
NPLs (As % Of Loans) % ... ...                         5.45 4.87 4.43 3.82 3.12    
Provisions (As % Of NPLs) % ... ...                         63.1 67.6 70.7 73.0 84.1    
Provisions (As % Of Loans) % ... ...                         3.57 3.41 3.24 2.87 2.69    
Cost of Provisions (As % Of Loans) % ... ...                         0.792 0.694 0.754 0.513 0.343    
other data Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                          
Branches                             658 653 644 621 561    
Employees                             10,760 10,651 10,471 10,501 10,299    
ATMs ... ... ... ...                     1,466 1,530 1,561 1,589 1,642    
Clients mil ... ... ...                       5.30 5.26 4.92 4.79 4.71   ...
E-Clients mil ... ... ... ... ... ... ...               1.48 1.59 1.76 1.66 ... ... ...
Payment Cards '000                             3,178 3,234 3,145 3,119 2,946    
Debit Cards '000 ... ...                         2,830 2,914 2,855 2,850 2,737   ...
Credit Cards '000 ... ...                         348 319 290 269 210   ...
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 507,100   ...

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CS's net profit rose 20.7% to CZK 4,758 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna made a net profit of CZK 4,758 mil in the second quarter of 2019, up 25.2% when compared to the same period of last year. This implies a return on equity of 14.9%. Historically, the bank’s net profit reached an all time high of CZK 4,863 mil in 2...

CS's branches fell 2.79% to 487 in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna employed 9,821 persons in 2019-06-30, down 1.33% 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 9,821 in 2019-06-30. The bank operated a network of ...

CS's customer loans rose 2.21% to CZK 725,627 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's customer loans reached CZK 725,627 mil in 2019-06-30, up 2.21% compared to the previous year. Czech banking sector provided customer loans of CZK 3,398 bil in 2019-06-30, up 1.23% when compared to the last year. Ceska Sporitelna account...

CS's employees fell 1.33% to 9,821 in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna employed 9,821 persons in 2019-06-30, down 1.33% 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 9,821 in 2019-06-30. Average cost reached USD 3,825...

CS's capital adequacy ratio rose 9.57% to 20.6% in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's capital adequacy ratio reached 20.6% at the end of second quarter of 2019, up from 18.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 21.3% in 4Q2015 and an all time low of 9.40% in 4Q2007....

CS's retail deposits rose 1.61% to CZK 695,100 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's retail deposits reached CZK 695,100 mil in 2019-06-30, up 1.61% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,689 bil in 2019-06-30, up 1.68% when compared to the last year. Ceska Sporitelna accou...

CS's retail deposits rose 1.61% to CZK 695,100 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's retail deposits reached CZK 695,100 mil in 2019-06-30, up 1.61% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,689 bil in 2019-06-30, up 1.68% when compared to the last year. Ceska Sporitelna accou...

CS's retail loans rose 1.62% to CZK 394,200 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's retail loans reached CZK 394,200 mil in the second quarter of 2019, up 1.62% compared to the previous year. Czech banking sector provided retail loans of CZK 1,691 bil in 2Q2019, up 1.70% when compared to the last year. Ceska Sporitelna...

CS's costs (as % of assets) fell 5.10% to 1.25% in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's cost to income ratio reached 44.2% in the second quarter of 2019, down from 47.3% 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 3...

CS's corporate loans rose 2.74% to CZK 265,900 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Ceska Sporitelna's loans reached CZK 738,427 mil in the second quarter of 2019, up from CZK 722,689 mil when compared to the previous quarter and up from CZK 710,083 mil when compared to the same period of last year. Historically, the bank’s loans r...

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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.

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Finance

Ceska Sporitelna has been growing its revenues and asset by -0.883% and 5.16% a year on average in the last 10 years. Its loans and deposits have grown by 4.24% and 3.96% a year during that time and loans to deposits ratio reached 72.0% at the end of 2018. The company achieved an average return on equity of 15.5% in the last decade with net profit growing -0.289% a year on average. In terms of operating efficiency, its cost to income ratio reached 46.9% in 2018, compared to 44.3% average in the last decade.

Equity represented 8.60% of total assets or 17.9% of loans at the end of 2018. Ceska Sporitelna's non-performing loans were 1.80% of total loans while provisions covered some 99.2% of NPLs at the end of 2018.