CIB Bank

CIB's capital adequacy ratio rose 10.8% to 24.1% in 2017

By Helgi Analytics - May 21, 2018

CIB Bank's capital adequacy ratio reached 24.1% at the end of 2017, up from 21.8% compared to the previous year. Historically...

CIB's employees fell 1.08% to 2,014 in 2017

By Helgi Analytics - September 23, 2018

CIB Bank employed 2,014 persons in 2017, down 1.08% when compared to the previous year. Historically, the bank's workforce hit a...

CIB's net interest margin fell 18.3% to 1.29% in 2017

By Helgi Analytics - May 21, 2018

CIB Bank's net interest margin amounted to 1.29% in 2017, down from 1.58% compared to the previous year. Historically, the...

Profit Statement 2015 2016 2017
Net Interest Income HUF mil 29,519 26,064 21,343
Fee Income (As % Of Revenues) % 46.5 40.4 44.9
Other Income HUF mil 2,457 15,254 12,348
Total Revenues HUF mil 59,762 69,277 61,193
Staff Cost HUF mil 23,835 22,807 21,794
Operating Profit HUF mil 5,388 18,687 13,638
Provisions HUF mil 183,597 116,404 63,371
Net Profit HUF mil -40,224 11,958 24,563
Balance Sheet 2015 2016 2017
Interbank Loans HUF mil 479,385 520,854 459,736
Customer Loans HUF mil 910,204 759,773 762,601
Debt Securities HUF mil 157,916 241,848 311,709
Total Assets HUF mil 1,675,710 1,629,950 1,683,230
Shareholders' Equity HUF mil 147,840 213,122 219,207
Interbank Borrowing HUF mil 225,029 195,784 210,247
Customer Deposits HUF mil 1,179,710 1,167,600 1,191,760
Issued Debt Securities HUF mil 97,292 28,109 11,920
Ratios 2015 2016 2017
ROE % -24.2 6.63 11.4
ROA % -2.36 0.723 1.48
Costs (As % Of Assets) % 3.19 3.06 2.87
Costs (As % Of Income) % 91.0 73.0 77.7
Capital Adequacy Ratio % 16.7 21.8 24.1
Net Interest Margin % 1.73 1.58 1.29
Loans (As % Of Deposits) % 77.2 65.1 64.0
NPLs (As % Of Loans) % 28.6 24.7 10.8
Provisions (As % Of NPLs) % 58.7 61.9 70.8
Growth Rates 2015 2016 2017
Total Revenue Growth % -30.7 15.9 -11.7
Operating Cost Growth % -3.73 -6.96 -6.00
Operating Profit Growth % -81.9 247 -27.0
Net Profit Growth % -61.4 -130 105
Customer Loan Growth % -14.2 -16.5 0.372
Total Asset Growth % -3.34 -2.73 3.27
Customer Deposit Growth % 5.83 -1.03 2.07
Shareholders' Equity Growth % -20.0 44.2 2.86
Employees 2,296 2,036 2,014

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summary Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                            
Net Interest Income HUF mil ... ...                           59,198 35,377 37,518 40,031 29,519    
Total Revenues HUF mil ... ...                           120,190 83,346 90,124 86,242 59,762    
Operating Profit HUF mil ... ...                           63,766 15,830 15,264 29,762 5,388    
Net Profit HUF mil ... ...                           -37,306 -151,873 -136,744 -104,140 -40,224    
balance sheet                                            
Interbank Loans HUF mil ... ...                           177,928 107,698 127,804 302,857 479,385    
Customer Loans HUF mil ... ...                           1,901,530 1,517,980 1,252,530 1,061,420 910,204    
Debt Securities HUF mil ... ...                           313,137 390,416 390,577 215,815 157,916    
Total Assets HUF mil ... ...                           2,524,370 2,119,290 1,849,240 1,733,640 1,675,710    
Shareholders' Equity HUF mil ... ...                           244,111 194,364 172,547 184,780 147,840    
Interbank Borrowing HUF mil ... ...                           711,644 433,771 316,449 213,655 225,029    
Customer Deposits HUF mil ... ...                           1,364,820 1,282,810 1,159,570 1,114,740 1,179,710    
Issued Debt Securities HUF mil ... ...                           131,386 145,794 160,169 166,636 97,292    
ratios                                            
ROE % ... ...                           -15.4 -69.3 -74.5 -58.3 -24.2    
ROA % ... ...                           -1.49 -6.54 -6.89 -5.81 -2.36    
Costs (As % Of Assets) % ... ...                           2.25 2.91 3.77 3.15 3.19    
Costs (As % Of Income) % ... ...                           46.9 81.0 83.1 65.5 91.0    
Capital Adequacy Ratio %                               10.3 13.0 15.5 18.2 16.7    
Net Interest Margin % ... ...                           2.36 1.52 1.89 2.23 1.73    
Interest Income (As % Of Revenues) % ... ...                           49.3 42.4 41.6 46.4 49.4    
Fee Income (As % Of Revenues) % ... ...                           25.4 31.9 35.0 34.1 46.5    
Staff Cost (As % Of Total Cost) % ... ...                           43.9 35.9 31.1 40.8 43.8    
Equity (As % Of Assets) % ... ...                           9.67 9.17 9.33 10.7 8.82    
Loans (As % Of Deposits) % ... ...                           139 118 108 95.2 77.2    
Loans (As % Assets) % ... ...                           75.3 71.6 67.7 61.2 54.3    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...           25.1 35.6 37.3 33.3 28.6    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...           50.7 48.2 58.6 62.3 58.7    
income statement Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                            
Interest Income HUF mil ... ...                           129,286 117,425 87,628 67,397 47,007    
Interest Cost HUF mil ... ...                           70,088 82,048 50,110 27,366 17,488    
Net Interest Income HUF mil ... ...                           59,198 35,377 37,518 40,031 29,519    
Net Fee Income HUF mil ... ...                           30,541 26,581 31,554 29,444 27,786    
Other Income HUF mil ... ...                           30,451 21,388 21,052 16,767 2,457    
Total Revenues HUF mil ... ...                           120,190 83,346 90,124 86,242 59,762    
Staff Cost HUF mil ... ...                           24,767 24,205 23,315 23,066 23,835    
Depreciation HUF mil ... ...                           7,297 7,031 7,664 5,853 4,534    
Other Cost HUF mil ... ...                           24,360 36,280 43,881 27,561 26,005    
Operating Cost HUF mil ... ...                           56,424 67,516 74,860 56,480 54,374    
Operating Profit HUF mil ... ...                           63,766 15,830 15,264 29,762 5,388    
Provisions HUF mil ... ...                           276,520 314,417 349,736 277,758 183,597    
Extra and Other Cost HUF mil ... ...                           0 0 0 0 0    
Pre-Tax Profit HUF mil ... ...                           -41,953 -139,567 -127,094 -88,790 -25,291    
Tax HUF mil ... ...                           -4,647 12,306 9,650 15,350 14,933    
Minorities HUF mil ... ...                           0 0 0 0 0    
Net Profit HUF mil ... ...                           -37,306 -151,873 -136,744 -104,140 -40,224    
growth rates                                            
Net Interest Income Growth % ... ... ...                         -17.8 -40.2 6.05 6.70 -26.3    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ...             -8.16 -13.0 18.7 -6.69 -5.63    
Total Revenue Growth % ... ... ...                         -11.1 -30.7 8.13 -4.31 -30.7    
Operating Cost Growth % ... ... ...                         -22.0 19.7 10.9 -24.6 -3.73    
Operating Profit Growth % ... ... ...                         1.49 -75.2 -3.58 95.0 -81.9    
Pre-Tax Profit Growth % ... ... ...                         107 233 -8.94 -30.1 -71.5    
Net Profit Growth % ... ... ...                         58.7 307 -9.96 -23.8 -61.4    
market share                                            
Market Share in Revenues % ... ...                           9.04 9.26 8.99 8.16 7.00    
Market Share in Net Profit % ... ...                         ... ... ... ... ... ...    
Market Share in Employees % ... ... ... ... ... ... ... ... ... ...           7.13 6.70 6.23 6.21 6.01    
Market Share in Bank Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   4.79 4.85 4.23 3.94 3.94   ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ...       3.71 3.24 2.93 3.05 2.95    
balance sheet Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                            
Cash HUF mil ... ...                           40,069 33,014 26,792 27,335 23,259    
Interbank Loans HUF mil ... ...                           177,928 107,698 127,804 302,857 479,385    
Customer Loans HUF mil ... ...                           1,901,530 1,517,980 1,252,530 1,061,420 910,204    
Retail Loans HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   671,300 521,200 432,111 388,780 334,918    
Corporate Loans HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   1,230,200 996,700 820,421 672,642 575,286    
Debt Securities HUF mil ... ...                           313,137 390,416 390,577 215,815 157,916    
Fixed Assets HUF mil ... ...                           43,423 39,971 30,910 27,039 25,576    
Total Assets HUF mil ... ...                           2,524,370 2,119,290 1,849,240 1,733,640 1,675,710    
Shareholders' Equity HUF mil ... ...                           244,111 194,364 172,547 184,780 147,840    
Of Which Minority Interest HUF mil ... ...                           0 0 0 0 0    
Liabilities HUF mil ... ...                           2,280,260 1,924,920 1,676,690 1,548,860 1,527,870    
Interbank Borrowing HUF mil ... ...                           711,644 433,771 316,449 213,655 225,029    
Customer Deposits HUF mil ... ...                           1,364,820 1,282,810 1,159,570 1,114,740 1,179,710    
Retail Deposits HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   819,800 804,700 629,797 367,157 510,726    
Corporate Deposits HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   597,700 506,200 572,945 694,265 697,142    
Issued Debt Securities HUF mil ... ...                           131,386 145,794 160,169 166,636 97,292    
Other Liabilities HUF mil ... ...                           72,412 62,546 40,506 53,831 25,840    
asset quality                                            
Non-Performing Loans HUF mil ... ... ... ... ... ... ... ... ... ...           545,797 652,336 597,054 446,010 312,776    
Gross Loans HUF mil ... ...                           2,178,050 1,832,400 1,602,270 1,339,180 1,093,800    
Provisions HUF mil ... ...                           276,520 314,417 349,736 277,758 183,597    
growth rates                                            
Customer Loan Growth % ... ... ...                         -11.3 -20.2 -17.5 -15.3 -14.2    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -12.5 -22.4 -17.1 -10.0 -13.9    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -10.6 -19.0 -17.7 -18.0 -14.5    
Total Asset Growth % ... ... ...                         1.18 -16.0 -12.7 -6.25 -3.34    
Shareholders' Equity Growth % ... ... ...                         1.19 -20.4 -11.2 7.09 -20.0    
Customer Deposit Growth % ... ... ...                         -0.212 -6.01 -9.61 -3.87 5.83    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 13.2 -1.84 -21.7 -41.7 39.1    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -3.43 -15.3 13.2 21.2 0.414    
market share                                            
Market Share in Customer Loans % ... ...                           10.3 9.47 8.16 7.08 6.83    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   18.0 16.8 14.4 11.5 10.9    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   8.77 8.01 7.18 6.68 6.61    
Market Share in Total Assets % ... ...                           6.66 6.15 5.23 4.74 4.65    
Market Share in Customer Deposits % ... ...                           9.34 8.75 7.79 6.96 6.59    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   10.5 10.5 9.08 5.34 7.26    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   13.6 11.5 11.4 13.3 11.7    
ratios Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                            
ROE % ... ...                           -15.4 -69.3 -74.5 -58.3 -24.2    
ROA % ... ...                           -1.49 -6.54 -6.89 -5.81 -2.36    
Costs (As % Of Assets) % ... ...                           2.25 2.91 3.77 3.15 3.19    
Costs (As % Of Income) % ... ...                           46.9 81.0 83.1 65.5 91.0    
Capital Adequacy Ratio %                               10.3 13.0 15.5 18.2 16.7    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ...       9.54 13.6 11.7 13.8 12.5    
Net Interest Margin % ... ...                           2.36 1.52 1.89 2.23 1.73    
Interest Spread % ... ... ...                         2.06 1.16 1.63 2.07 1.62    
Asset Yield % ... ...                           5.15 5.06 4.42 3.76 2.76    
Cost Of Liabilities % ... ... ...                         3.09 3.90 2.78 1.70 1.14    
Interest Income (As % Of Revenues) % ... ...                           49.3 42.4 41.6 46.4 49.4    
Fee Income (As % Of Revenues) % ... ...                           25.4 31.9 35.0 34.1 46.5    
Other Income (As % Of Revenues) % ... ...                           25.3 25.7 23.4 19.4 4.11    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ...           3,485 3,253 3,432 3,290 3,157    
Cost Per Employee (Local Currency) HUF per month ... ... ... ... ... ... ... ... ... ...           700,821 732,154 767,648 784,558 865,091    
Staff Cost (As % Of Total Cost) % ... ...                           43.9 35.9 31.1 40.8 43.8    
Equity (As % Of Assets) % ... ...                           9.67 9.17 9.33 10.7 8.82    
Loans (As % Of Deposits) % ... ...                           139 118 108 95.2 77.2    
Loans (As % Assets) % ... ...                           75.3 71.6 67.7 61.2 54.3    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...           25.1 35.6 37.3 33.3 28.6    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...           50.7 48.2 58.6 62.3 58.7    
Provisions (As % Of Loans) % ... ...                           14.5 20.7 27.9 26.2 20.2    
Cost of Provisions (As % Of Loans) % ... ...                           5.23 9.09 10.3 10.2 3.11    
other data Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                            
Branches ... ... ... ... ... ... ... ... ... ... ... ...       128 108 95.0 95.0 83.0    
Employees ... ... ... ... ... ... ... ... ... ...           2,945 2,755 2,531 2,450 2,296    
ATMs ... ... ... ... ... ... ... ... ... ... ... ...       186 171 156 156 142    
Clients mil ... ... ... ... ... ... ... ... ... ... ... ...       0.682 0.638 0.560 0.490 0.458    
Payment Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... ... ...   428 434 379 350 353   ...

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CIB's branches fell 7.32% to 76.0 in 2017

By Helgi Analytics - September 23, 2018

CIB Bank employed 2,014 persons in 2017, down 1.08% compared to the previous year. Historically, the bank's workforce hit an all time high of 3,657 persons in 2008 and an all time low of 2,014 in 2017. The bank operated a network of 76.0 branches and 135 A...

CIB's corporate loans rose 2.47% to HUF 472,412 mil in 2017

By Helgi Analytics - December 12, 2019

CIB Bank's corporate loans reached HUF 472,412 mil in 2017, up 2.47% compared to the previous year. Hungarian banking sector provided corporate loans of HUF 5,773 bil in 2017, up 10.6% when compared to the last year. CIB Bank accounted for 7.65% of all co...

CIB's corporate deposits rose 0.348% to HUF 693,898 mil in 2017

By Helgi Analytics - May 22, 2018

CIB Bank's corporate deposits reached HUF 693,898 mil in 2017, up 0.348% compared to the previous year. Hungarian banking sector accepted corporate deposits of HUF 7,527 bil in 2017, up 14.7% when compared to the last year. CIB Bank accounted for 9.22% of...

CIB's npls (as % of loans) fell 56.2% to 10.8% in 2017

By Helgi Analytics - May 21, 2018

CIB Bank's non-performing loans reached 10.8% of total loans at the end of 2017, down from 24.7% compared to the previous year. Historically, the NPL ratio hit an all time high of 37.3% in 2013 and an all time low of 6.07% in 2008. Provision coverage amount...

CIB's net profit rose 105% to HUF 24,563 mil in 2017

By Helgi Analytics - May 21, 2018

CIB Bank made a net profit of HUF 24,563 mil in 2017, up 105% compared to the previous year. This implies a return on equity of 11.4%. Historically, the bank’s net profit reached an all time high of HUF 28,616 mil in 2007 and an all time low of HUF -151,873...

CIB's total revenues fell 11.7% to HUF 61,193 mil in 2017

By Helgi Analytics - May 22, 2018

CIB Bank generated total banking revenues of HUF 61,193 mil in 2017, down 11.7% compared to the previous year. Hungarian banking sector banking sector generated total revenues of HUF 1,358,153 mil in 2017, up 20.3% when compared to the last year. ...

CIB's customer deposits rose 2.07% to HUF 1,191,760 mil in 2017

By Helgi Analytics - May 22, 2018

CIB Bank's customer deposits reached HUF 1,191,760 mil in 2017, up 2.07% compared to the previous year. Hungarian banking sector accepted customer deposits of HUF 20,469 bil in 2017, up 7.74% when compared to the last year. CIB Bank accounted for 5.82% of...

CIB's customer loans rose 0.372% to HUF 762,601 mil in 2017

By Helgi Analytics - May 22, 2018

CIB Bank's customer loans reached HUF 762,601 mil in 2017, up 0.372% compared to the previous year. Hungarian banking sector provided customer loans of HUF 13,845 bil in 2017, up 5.17% when compared to the last year. CIB Bank accounted for 5.51% of all cu...

CIB's retail deposits rose 3.74% to HUF 500,466 mil in 2017

By Helgi Analytics - May 22, 2018

CIB Bank's retail deposits reached HUF 500,466 mil in 2017, up 3.74% compared to the previous year. Hungarian banking sector accepted retail deposits of HUF 7,738 bil in 2017, up 6.79% when compared to the last year. CIB Bank accounted for 6.47% of all re...

CIB's net interest income fell 18.1% to HUF 21,343 mil in 2017

By Helgi Analytics - May 21, 2018

CIB Bank generated total banking revenues of HUF 61,193 mil in 2017, down 11.7% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of HUF 143,343 mil in 2009 and an...

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CIB Bank Zrt., is a Hungary-based retail and corporate bank. The Bank offers a full range of commercial banking and investment services, supplemented by products and schemes offered by its affiliates (CIB Leasing, CIB Factor, CIB Insurance) to near 600,000 customers through its branch network of near 100 units covering the entire country. The Bank offers for example current accounts, saving accounts, debit cards, or credit cards in the retail banking area. In the corporate segment, the Bank provides financing products, working capital financing, investment credits, project financing, factoring, or syndicated loans, for instance. CIB Bank is a subsidiary of Intesa Sanpaolo. Intesa is the leader in Italy but also serves more than 8.4 mil customers with over 1,500 branches in 12 countries in the region of the Central Eastern Europe and Middle Eastern and North Africa.

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Finance

CIB Bank has been growing its revenues and asset by -5.24% and -2.97% a year on average in the last 10 years. Its loans and deposits have grown by -7.75% and 0.819% a year during that time and loans to deposits ratio reached 64.0% at the end of 2017. The company achieved an average return on equity of -21.6% in the last decade with net profit growing -1.52% a year on average. In terms of operating efficiency, its cost to income ratio reached 77.7% in 2017, compared to 66.3% average in the last decade.

Equity represented 13.0% of total assets or 28.7% of loans at the end of 2017. CIB Bank's non-performing loans were 10.8% of total loans while provisions covered some 70.8% of NPLs at the end of 2017.