Cofidis Group

Cofidis Group's net profit rose 18.3% to EUR 220 mil in 2017

By Helgi Analytics - October 23, 2019

Cofidis Group made a net profit of EUR 220 mil under revenues of EUR 1,254 mil in 2017, up 18.3% and 3.57% respectively compared to t...

Cofidis Group's npls (as % of loans) fell 9.41% to 19.8% in 2017

By Helgi Analytics - August 27, 2019

Cofidis Group's non-performing loans reached 19.8% of total loans at the end of 2017, down from 21.9% compared to the previous ye...

Cofidis Group's net interest margin fell 2.32% to 8.23% in 2017

By Helgi Analytics - October 23, 2019

Cofidis Group's net interest margin amounted to 8.23% in 2017, down from 8.42% compared to the previous year. Historically...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 935 973 1,014
Fee Income (As % Of Revenues) % 19.4 19.5 19.0
Other Income EUR mil 3.33 2.47 2.33
Total Revenues EUR mil 1,164 1,211 1,254
Staff Cost EUR mil 230 240 250
Operating Profit EUR mil 561 556 613
Provisions EUR mil 328 287 294
Net Profit EUR mil 147 186 220
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 591 1,200 997
Customer Loans EUR mil 9,622 10,088 10,895
Debt Securities EUR mil 108 94.7 61.2
Total Assets EUR mil 11,036 12,058 12,591
Shareholders' Equity EUR mil 1,362 1,412 1,636
Interbank Borrowing EUR mil 8,737 9,751 9,992
Customer Deposits EUR mil 406 402 431
Issued Debt Securities EUR mil 149 111 178
Ratios 2015 2016 2017
ROE % 11.1 13.4 14.5
ROA % 1.39 1.61 1.79
Costs (As % Of Assets) % 5.68 5.67 5.20
Costs (As % Of Income) % 51.8 54.1 51.1
Capital Adequacy Ratio % 9.55 11.0 12.5
Net Interest Margin % 8.81 8.42 8.23
Loans (As % Of Deposits) % 2,370 2,508 2,529
NPLs (As % Of Loans) % 24.4 21.9 19.8
Provisions (As % Of NPLs) % 61.7 62.9 63.9
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.52 4.07 3.57
Operating Cost Growth % 1.35 8.59 -2.11
Operating Profit Growth % 1.70 -0.794 10.3
Net Profit Growth % 10.8 26.5 18.3
Customer Loan Growth % 7.19 4.84 8.00
Total Asset Growth % 8.30 9.26 4.42
Customer Deposit Growth % -15.0 -0.914 7.12
Shareholders' Equity Growth % 6.38 3.64 15.8
Employees 4,752 4,845 4,891

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Net Interest Income EUR mil     ... ... ... ...   911 849 888 919 935    
Total Revenues EUR mil     ... ... ... ...   1,128 1,052 1,101 1,146 1,164    
Operating Profit EUR mil     ... ... ... ...   606 521 540 551 561    
Net Profit EUR mil     ... ... ... ...   131 104 115 133 147    
balance sheet                            
Interbank Loans EUR mil     ... ... ... ...   1,614 1,417 689 672 591    
Customer Loans EUR mil     ... ... ... ...   7,638 7,728 8,969 8,977 9,622    
Debt Securities EUR mil     ... ... ... ...   89.7 111 98.7 133 108    
Total Assets EUR mil     ... ... ... ...   9,794 9,671 10,196 10,190 11,036    
Shareholders' Equity EUR mil     ... ...       1,147 1,171 1,256 1,281 1,362    
Interbank Borrowing EUR mil     ... ... ... ...   4,050 5,469 7,561 7,999 8,737    
Customer Deposits EUR mil     ... ... ... ...   498 665 575 478 406    
Issued Debt Securities EUR mil     ... ... ... ...   3,857 2,141 539 143 149    
ratios                            
ROE %     ... ... ... ...   11.8 8.94 9.49 10.5 11.1    
ROA %     ... ... ... ...   1.38 1.06 1.16 1.30 1.39    
Costs (As % Of Assets) %     ... ... ... ...   5.49 5.46 5.65 5.84 5.68    
Costs (As % Of Income) %     ... ... ... ...   46.3 50.5 51.0 51.9 51.8    
Capital Adequacy Ratio %     ... ...       10.0 10.1 9.80 9.18 9.55    
Net Interest Margin %     ... ... ... ...   9.57 8.72 8.94 9.02 8.81    
Interest Income (As % Of Revenues) %     ... ... ... ...   80.8 80.6 80.7 80.2 80.3    
Fee Income (As % Of Revenues) %     ... ... ... ...   18.8 18.7 19.1 19.4 19.4    
Staff Cost (As % Of Total Cost) %     ... ... ... ...   41.8 39.6 38.1 36.9 38.0    
Equity (As % Of Assets) %     ... ... ... ...   11.7 12.1 12.3 12.6 12.3    
Loans (As % Of Deposits) %     ... ... ... ...   1,535 1,162 1,560 1,879 2,370    
Loans (As % Assets) %     ... ... ... ...   78.0 79.9 88.0 88.1 87.2    
NPLs (As % Of Loans) % ... ... ... ... ... ...   26.7 25.8 23.7 24.3 24.4    
Provisions (As % Of NPLs) % ... ... ... ... ... ...   63.5 63.1 64.1 63.0 61.7    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Interest Income EUR mil     ... ... ... ...   1,156 1,009 1,029 1,049 1,036    
Interest Cost EUR mil     ... ... ... ...   245 160 141 130 101    
Net Interest Income EUR mil     ... ... ... ...   911 849 888 919 935    
Net Fee Income EUR mil     ... ... ... ...   212 197 210 222 226    
Other Income EUR mil     ... ... ... ...   5.12 6.64 3.00 5.42 3.33    
Total Revenues EUR mil     ... ... ... ...   1,128 1,052 1,101 1,146 1,164    
Staff Cost EUR mil     ... ... ... ...   218 210 213 219 230    
Depreciation EUR mil     ... ... ... ...   14.9 13.7 16.2 8.94 10.0    
Other Cost EUR mil     ... ... ... ...   289 307 331 367 364    
Operating Cost EUR mil     ... ... ... ...   522 531 561 595 603    
Operating Profit EUR mil     ... ... ... ...   606 521 540 551 561    
Provisions EUR mil     ... ... ... ...   412 363 366 354 328    
Extra and Other Cost EUR mil     ... ... ... ...   2.35 0.492 1.73 0.289 16.3    
Pre-Tax Profit EUR mil     ... ... ... ...   192 157 172 197 216    
Tax EUR mil     ... ... ... ...   60.8 53.6 57.0 64.0 68.9    
Minorities EUR mil     ... ... ... ...   0 0.022 -0.012 0 0    
Net Profit EUR mil     ... ... ... ...   131 104 115 133 147    
growth rates                            
Net Interest Income Growth % ...   ... ... ... ... ... -6.16 -6.82 4.64 3.51 1.68    
Net Fee Income Growth % ...   ... ... ... ... ... -7.47 -7.00 6.63 5.70 1.80    
Total Revenue Growth % ...   ... ... ... ... ... -6.13 -6.69 4.64 4.14 1.52    
Operating Cost Growth % ...   ... ... ... ... ... 7.70 1.74 5.62 6.09 1.35    
Operating Profit Growth % ...   ... ... ... ... ... -15.5 -14.0 3.64 2.11 1.70    
Pre-Tax Profit Growth % ...   ... ... ... ... ... -10.1 -18.0 9.53 14.5 9.77    
Net Profit Growth % ...   ... ... ... ... ... -5.77 -20.9 11.2 15.5 10.8    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                            
Cash EUR mil     ... ... ... ...   3.91 2.21 0.919 0.829 0.396    
Interbank Loans EUR mil     ... ... ... ...   1,614 1,417 689 672 591    
Customer Loans EUR mil     ... ... ... ...   7,638 7,728 8,969 8,977 9,622    
Debt Securities EUR mil     ... ... ... ...   89.7 111 98.7 133 108    
Fixed Assets EUR mil     ... ... ... ...   59.7 50.6 42.4 45.5 156    
Total Assets EUR mil     ... ... ... ...   9,794 9,671 10,196 10,190 11,036    
Shareholders' Equity EUR mil     ... ...       1,147 1,171 1,256 1,281 1,362    
Of Which Minority Interest EUR mil     ... ... ... ...   0.096 0.027 0.008 0.003 0.003    
Liabilities EUR mil     ... ... ... ...   8,648 8,500 8,940 8,909 9,674    
Interbank Borrowing EUR mil     ... ... ... ...   4,050 5,469 7,561 7,999 8,737    
Customer Deposits EUR mil     ... ... ... ...   498 665 575 478 406    
Issued Debt Securities EUR mil     ... ... ... ...   3,857 2,141 539 143 149    
Other Liabilities EUR mil     ... ... ... ...   243 225 265 290 381    
asset quality                            
Non-Performing Loans EUR mil ... ... ... ... ... ...   2,451 2,386 2,505 2,579 2,758    
Gross Loans EUR mil     ... ...       9,194 9,234 10,574 10,602 11,323    
Total Provisions EUR mil     ... ... ... ...   1,556 1,506 1,605 1,625 1,701    
growth rates                            
Customer Loan Growth % ...   ... ... ... ... ... 0.820 1.17 16.1 0.089 7.19    
Total Asset Growth % ...   ... ... ... ... ... 6.10 -1.26 5.42 -0.056 8.30    
Shareholders' Equity Growth % ...   ... ... ...     6.47 2.10 7.29 1.97 6.38    
Customer Deposit Growth % ...   ... ... ... ... ... 27.2 33.6 -13.5 -16.9 -15.0    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                            
ROE %     ... ... ... ...   11.8 8.94 9.49 10.5 11.1    
ROA %     ... ... ... ...   1.38 1.06 1.16 1.30 1.39    
Costs (As % Of Assets) %     ... ... ... ...   5.49 5.46 5.65 5.84 5.68    
Costs (As % Of Income) %     ... ... ... ...   46.3 50.5 51.0 51.9 51.8    
Capital Adequacy Ratio %     ... ...       10.0 10.1 9.80 9.18 9.55    
Tier 1 Ratio %     ... ... ... ... ... ... ... ... ... ... ... ...
Net Interest Margin %     ... ... ... ...   9.57 8.72 8.94 9.02 8.81    
Interest Spread % ...   ... ... ... ... ... 9.23 8.50 8.74 8.84 8.67    
Asset Yield %     ... ... ... ...   12.2 10.4 10.4 10.3 9.76    
Cost Of Liabilities % ...   ... ... ... ... ... 2.92 1.87 1.62 1.45 1.09    
Interest Income (As % Of Revenues) %     ... ... ... ...   80.8 80.6 80.7 80.2 80.3    
Fee Income (As % Of Revenues) %     ... ... ... ...   18.8 18.7 19.1 19.4 19.4    
Other Income (As % Of Revenues) %     ... ... ... ...   0.454 0.631 0.272 0.473 0.286    
Cost Per Employee USD per month ... ... ... ... ... ...   5,867 5,437 5,399 5,454 4,614    
Cost Per Employee (Local Currency) EUR per month ... ... ... ... ... ...   4,219 4,235 4,067 4,231 4,025    
Staff Cost (As % Of Total Cost) %     ... ... ... ...   41.8 39.6 38.1 36.9 38.0    
Equity (As % Of Assets) %     ... ... ... ...   11.7 12.1 12.3 12.6 12.3    
Loans (As % Of Deposits) %     ... ... ... ...   1,535 1,162 1,560 1,879 2,370    
Loans (As % Assets) %     ... ... ... ...   78.0 79.9 88.0 88.1 87.2    
NPLs (As % Of Loans) % ... ... ... ... ... ...   26.7 25.8 23.7 24.3 24.4    
Provisions (As % Of NPLs) % ... ... ... ... ... ...   63.5 63.1 64.1 63.0 61.7    
Provisions (As % Of Loans) %     ... ... ... ...   20.4 19.5 17.9 18.1 17.7    
Cost of Provisions (As % Of Loans) %     ... ... ... ...   5.41 4.73 4.39 3.95 3.53    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                            
Employees ... ... ... ... ... ...   4,308 4,136 4,374 4,320 4,752    

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Cofidis Group's net interest income rose 4.26% to EUR 1,014 mil in 2017

By Helgi Analytics - October 23, 2019

Cofidis Group generated total banking revenues of EUR 1,254 mil in 2017, up 3.57% 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 EUR 1,254 mil in 2017 and an...

Cofidis Group's customer loan growth rose 65.3% to 8.00% in 2017

By Helgi Analytics - October 23, 2019

Cofidis Group's customer loan growth reached 8.00% in 2017, up from 4.84% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 40.0% in 2005 and an all time low of 0.089% in 2014. In the last decade, the average...

Cofidis Group's customer loans rose 8.00% to EUR mil in 2017

By Helgi Analytics - October 23, 2019

Cofidis Group's customer loans reached in, down 0% compared to the previous year. French banking sector provided customer loans of EUR bil in, down 0% when compared to the last year. Cofidis Group accounted for of all customer loans issued in Franc...

Cofidis Group's customer deposits rose 7.12% to EUR mil in 2017

By Helgi Analytics - October 23, 2019

Cofidis Group's customer deposits reached in, down 0% compared to the previous year. French banking sector accepted customer deposits of EUR bil in, down 0% when compared to the last year. Cofidis Group accounted for of all customer deposits taken by b...

Cofidis Group's total revenues rose 3.57% to EUR mil in 2017

By Helgi Analytics - October 23, 2019

Cofidis Group generated total banking revenues of in, down 0% compared to the previous year. French banking sector banking sector generated total revenues of EUR mil in, down 0% when compared to the last year. As a result, Cofidis Group accoun...

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Finance

Cofidis Group has been growing its revenues and asset by 3.58% and 5.42% a year on average in the last 5 years. Its loans and deposits have grown by 7.11% and -8.31% a year during that time and loans to deposits ratio reached 2,529% at the end of 2017. The company achieved an average return on equity of 11.8% in the last five years with net profit growing 16.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 51.1% in 2017, compared to 52.0% average in the last five years.

Equity represented 13.0% of total assets or 15.0% of loans at the end of 2017. Cofidis Group's non-performing loans were 19.8% of total loans while provisions covered some 63.9% of NPLs at the end of 2017.

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