Credit Agricole Serbia

Credit Agricole Serbia's npls (as % of loans) fell 30.1% to 7.51% in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's non-performing loans reached 7.51% of total loans at the end of 2017, down from 10.8% compared to the pr...

Credit Agricole Serbia's net profit rose 70.2% to RSD 351 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia made a net profit of RSD 351 mil under revenues of RSD 4,707 mil in 2017, up 70.2% and 3.57% respectively comp...

Credit Agricole Serbia's customer loans rose 11.3% to RSD 69,959 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's customer loans reached RSD 69,959 mil in 2017, up 11.3% compared to the previous year. Serbian banking...

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 3,041 3,331 3,280
Fee Income (As % Of Revenues) % 27.7 26.3 27.6
Other Income RSD mil 14.9 17.3 127
Total Revenues RSD mil 4,223 4,545 4,707
Staff Cost RSD mil 1,863 1,978 2,002
Operating Profit RSD mil 503 668 777
Provisions RSD mil 286 412 409
Net Profit RSD mil 141 206 351
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 6,411 5,532 6,858
Customer Loans RSD mil 54,816 62,849 69,959
Debt Securities RSD mil 2,356 465 4.15
Total Assets RSD mil 75,373 82,169 91,943
Shareholders' Equity RSD mil 8,609 8,797 9,141
Interbank Borrowing RSD mil 21,626 21,870 28,366
Customer Deposits RSD mil 41,842 48,158 51,196
Issued Debt Securities RSD mil 2,448 2,484 2,383
Ratios 2015 2016 2017
ROE % 1.66 2.37 3.92
ROA % 0.196 0.262 0.403
Costs (As % Of Assets) % 5.15 4.92 4.52
Costs (As % Of Income) % 88.1 85.3 83.5
Capital Adequacy Ratio % 15.8 14.5 17.1
Net Interest Margin % 4.21 4.23 3.77
Loans (As % Of Deposits) % 131 131 137
NPLs (As % Of Loans) % 12.6 10.8 7.51
Provisions (As % Of NPLs) % 61.2 66.2 65.1
Growth Rates 2015 2016 2017
Total Revenue Growth % 0.826 7.62 3.57
Operating Cost Growth % -1.83 4.22 1.38
Operating Profit Growth % 26.0 32.8 16.3
Net Profit Growth % 232 45.9 70.2
Customer Loan Growth % 7.04 14.7 11.3
Total Asset Growth % 9.00 9.02 11.9
Customer Deposit Growth % 4.40 15.1 6.31
Shareholders' Equity Growth % 1.81 2.17 3.91

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summary Unit 2012 2013 2014 2015 2016 2017
income statement            
Net Interest Income RSD mil 2,265 2,473 2,813 3,041    
Total Revenues RSD mil 3,465 3,697 4,189 4,223    
Operating Profit RSD mil -77.8 135 399 503    
Net Profit RSD mil 36.7 42.3 42.6 141    
balance sheet            
Interbank Loans RSD mil 7,766 9,490 830 6,411    
Customer Loans RSD mil 42,551 42,583 51,209 54,816    
Debt Securities RSD mil 258 93.8 1,075 2,356    
Total Assets RSD mil 63,396 65,188 69,149 75,373    
Shareholders' Equity RSD mil 8,402 8,467 8,456 8,609    
Interbank Borrowing RSD mil 19,167 18,172 17,264 21,626    
Customer Deposits RSD mil 32,419 30,236 40,080 41,842    
Issued Debt Securities RSD mil 0 0 2,435 2,448    
ratios            
ROE % 0.437 0.501 0.503 1.66    
ROA % 0.058 0.066 0.063 0.196    
Costs (As % Of Assets) % 5.59 5.54 5.64 5.15    
Costs (As % Of Income) % 102 96.4 90.5 88.1    
Capital Adequacy Ratio % 15.1 16.4 16.4 15.8    
Net Interest Margin % 3.57 3.85 4.19 4.21    
Interest Income (As % Of Revenues) % 65.4 66.9 67.1 72.0    
Fee Income (As % Of Revenues) % 31.2 30.4 26.3 27.7    
Staff Cost (As % Of Total Cost) % 49.5 50.0 47.7 50.1    
Equity (As % Of Assets) % 13.3 13.0 12.2 11.4    
Loans (As % Of Deposits) % 131 141 128 131    
Loans (As % Assets) % 67.1 65.3 74.1 72.7    
NPLs (As % Of Loans) % 15.3 11.5 14.0 12.6    
Provisions (As % Of NPLs) % 59.8 83.6 54.2 61.2    
income statement Unit 2012 2013 2014 2015 2016 2017
income statement            
Interest Income RSD mil 3,855 4,087 4,111 3,997    
Interest Cost RSD mil 1,590 1,613 1,298 957    
Net Interest Income RSD mil 2,265 2,473 2,813 3,041    
Net Fee Income RSD mil 1,081 1,122 1,103 1,168    
Other Income RSD mil 119 101 273 14.9    
Total Revenues RSD mil 3,465 3,697 4,189 4,223    
Staff Cost RSD mil 1,754 1,780 1,806 1,863    
Depreciation RSD mil 266 241 202 210    
Other Cost RSD mil 1,523 1,541 1,782 1,647    
Operating Cost RSD mil 3,543 3,563 3,790 3,720    
Operating Profit RSD mil -77.8 135 399 503    
Provisions RSD mil -118 103 326 286    
Extra and Other Cost RSD mil -0.481 -0.396 < 0.001 < 0.001    
Pre-Tax Profit RSD mil 41.0 32.1 72.9 217    
Tax RSD mil 4.26 -10.2 30.3 75.6    
Minorities RSD mil 0 0 0 0    
Net Profit RSD mil 36.7 42.3 42.6 141    
growth rates            
Net Interest Income Growth % ... 9.19 13.7 8.11    
Net Fee Income Growth % ... 3.88 -1.72 5.86    
Total Revenue Growth % ... 6.70 13.3 0.826    
Operating Cost Growth % ... 0.553 6.38 -1.83    
Operating Profit Growth % ... -273 196 26.0    
Pre-Tax Profit Growth % ... -21.8 127 198    
Net Profit Growth % ... 15.1 0.710 232    
market share            
Market Share in Revenues % 2.05 2.27 2.40 2.30    
Market Share in Net Profit % 0.315 ... 1.87 1.90    
balance sheet Unit 2012 2013 2014 2015 2016 2017
balance sheet            
Cash RSD mil 7,469 6,666 13,851 9,450    
Interbank Loans RSD mil 7,766 9,490 830 6,411    
Customer Loans RSD mil 42,551 42,583 51,209 54,816    
Retail Loans RSD mil 19,520 23,569 28,124 31,646    
Mortgage Loans RSD mil ... ... 15,904 17,947    
Consumer Loans RSD mil ... ... 12,220 13,699    
Corporate Loans RSD mil 27,310 23,552 27,290 27,767    
Debt Securities RSD mil 258 93.8 1,075 2,356    
Fixed Assets RSD mil 1,757 1,764 1,601 1,610    
Total Assets RSD mil 63,396 65,188 69,149 75,373    
Shareholders' Equity RSD mil 8,402 8,467 8,456 8,609    
Of Which Minority Interest RSD mil 0 0 0 0    
Liabilities RSD mil 54,994 56,722 60,693 66,763    
Interbank Borrowing RSD mil 19,167 18,172 17,264 21,626    
Customer Deposits RSD mil 32,419 30,236 40,080 41,842    
Retail Deposits RSD mil 11,864 4,805 19,394 19,565    
Corporate Deposits RSD mil 20,555 25,431 20,686 22,277    
Issued Debt Securities RSD mil 0 0 2,435 2,448    
Other Liabilities RSD mil 3,408 8,313 914 848    
asset quality            
Non-Performing Loans RSD mil 7,151 5,428 7,758 7,512    
Gross Loans RSD mil 46,830 47,121 55,414 59,413    
Total Provisions RSD mil 4,279 4,538 4,205 4,597    
growth rates            
Customer Loan Growth % ... 0.076 20.3 7.04    
Retail Loan Growth % ... 20.7 19.3 12.5    
Mortgage Loan Growth % ... ... ... 12.8    
Consumer Loan Growth % ... ... ... 12.1    
Corporate Loan Growth % ... -13.8 15.9 1.75    
Total Asset Growth % ... 2.83 6.08 9.00    
Shareholders' Equity Growth % ... 0.769 -0.123 1.81    
Customer Deposit Growth % ... -6.73 32.6 4.40    
Retail Deposit Growth % ... -59.5 304 0.879    
Corporate Deposit Growth % ... 23.7 -18.7 7.69    
market share            
Market Share in Customer Loans % 1.89 1.93 2.15 2.18    
Market Share in Corporate Loans % 2.44 2.32 2.81 2.80    
Market Share in Retail Loans % ... ... 3.15 3.32    
Market Share in Consumer Loans % 2.99 3.50 3.88 4.17    
Market Share in Mortgage Loans % ... ... 4.72 5.18    
Market Share in Total Assets % 2.01 2.07 2.09 2.20    
Market Share in Customer Deposits % 2.12 1.90 2.33 2.29    
Market Share in Retail Deposits % 1.20 0.470 1.77 1.73    
Market Share in Corporate Deposits % 4.76 5.93 4.14 3.86    
ratios Unit 2012 2013 2014 2015 2016 2017
ratios            
ROE % 0.437 0.501 0.503 1.66    
ROA % 0.058 0.066 0.063 0.196    
Costs (As % Of Assets) % 5.59 5.54 5.64 5.15    
Costs (As % Of Income) % 102 96.4 90.5 88.1    
Capital Adequacy Ratio % 15.1 16.4 16.4 15.8    
Net Interest Margin % 3.57 3.85 4.19 4.21    
Interest Spread % ... 3.47 3.91 4.03    
Asset Yield % 6.08 6.36 6.12 5.53    
Cost Of Liabilities % ... 2.89 2.21 1.50    
Interest Income (As % Of Revenues) % 65.4 66.9 67.1 72.0    
Fee Income (As % Of Revenues) % 31.2 30.4 26.3 27.7    
Other Income (As % Of Revenues) % 3.44 2.74 6.52 0.353    
Staff Cost (As % Of Total Cost) % 49.5 50.0 47.7 50.1    
Equity (As % Of Assets) % 13.3 13.0 12.2 11.4    
Loans (As % Of Deposits) % 131 141 128 131    
Loans (As % Assets) % 67.1 65.3 74.1 72.7    
NPLs (As % Of Loans) % 15.3 11.5 14.0 12.6    
Provisions (As % Of NPLs) % 59.8 83.6 54.2 61.2    
Provisions (As % Of Loans) % 10.1 10.7 8.21 8.39    
Cost of Provisions (As % Of Loans) % -0.278 0.242 0.695 0.539    

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Credit Agricole Serbia's customer deposits rose 6.31% to RSD 51,196 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's customer deposits reached RSD 51,196 mil in 2017, up 6.31% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. Credit Agricole Serbia ...

Credit Agricole Serbia's total revenues rose 3.57% to RSD 4,707 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia generated total banking revenues of RSD 4,707 mil in 2017, up 3.57% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 197,856 mil in 2017, up 7.42% when compared to the last yea...

Credit Agricole Serbia's retail deposits rose 8.78% to RSD 22,968 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's retail deposits reached RSD 22,968 mil in 2017, up 8.78% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,223 bil in 2017, up 1.09% when compared to the last year. Credit Agricole Serbia acco...

Credit Agricole Serbia's corporate loans fell 1.49% to RSD 29,149 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's corporate loans reached RSD 29,149 mil in 2017, down 1.49% compared to the previous year. Serbian banking sector provided corporate loans of RSD 1,012 bil in 2017, up 0.160% when compared to the last year. Credit Agricole Serbia a...

Credit Agricole Serbia's corporate deposits rose 4.38% to RSD 28,228 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's corporate deposits reached RSD 28,228 mil in 2017, up 4.38% compared to the previous year. Serbian banking sector accepted corporate deposits of RSD 694 bil in 2017, up 6.26% when compared to the last year. Credit Agricole Serbia ...

Credit Agricole Serbia's net interest margin fell 10.9% to 3.77% in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's net interest margin amounted to 3.77% in 2017, down from 4.23% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.23% in 2016 and an all time low of 3.77% in 2017. The avera...

Credit Agricole Serbia's net interest income fell 1.53% to RSD 3,280 mil in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia generated total banking revenues of RSD 4,707 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 RSD 4,707 mil in 20...

Credit Agricole Serbia's customer loan growth fell 22.8% to 11.3% in 2017

By Helgi Analytics - September 19, 2018

Credit Agricole Serbia's customer loan growth reached 11.3% in 2017, down from 14.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 20.3% in 2014 and an all time low of 0.076% in 2013. In the last decade, ...

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Finance

Credit Agricole Serbia has been growing its revenues and asset by 6.32% and 7.72% a year on average in the last 5 years. Its loans and deposits have grown by 10.5% and 9.57% a year during that time and loans to deposits ratio reached 137% at the end of 2017. The company achieved an average return on equity of 1.79% in the last five years with net profit growing 57.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 83.5% in 2017, compared to 88.7% average in the last five years.

Equity represented 9.94% of total assets or 13.1% of loans at the end of 2017. Credit Agricole Serbia's non-performing loans were 7.51% of total loans while provisions covered some 65.1% of NPLs at the end of 2017.