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CSOB

CSOB's customer deposits rose 4.09% yoy to CZK 1,456,747 mil in 2Q2023

By Helgi Library - September 29, 2023

CSOB's customer deposits reached CZK 1,456,747 mil in 2023-06-30, up 8.70% compared to the previous year. Czech banking sector ...

CSOB's mortgage loans rose 2.47% yoy to CZK 512,512 mil in 2Q2023

By Helgi Library - September 29, 2023

CSOB's mortgage loans reached CZK 512,512 mil in 2023-06-30, up 0.515% compared to the previous year. Czech banking sector prov...

CSOB's net profit rose 6.85% yoy to CZK 5,847 mil in 2Q2023

By Helgi Library - August 10, 2023

CSOB made a net profit of CZK 5,847 mil in the second quarter of 2023, up 6.85% when compared to the same period of last year. ...

Profit Statement 2020 2021 2022
Net Interest Income CZK mil 26,102 22,900 31,062
Net Fee Income CZK mil 7,591 7,828 8,041
Other Income CZK mil 1,558 4,996 1,371
Total Revenues CZK mil 35,251 35,724 40,474
Staff Cost CZK mil 9,254 9,512 10,109
Operating Profit CZK mil 15,999 15,890 18,487
Provisions CZK mil 5,926 -3,253 1,497
Net Profit CZK mil 8,488 16,160 14,571
Balance Sheet 2020 2021 2022
Interbank Loans CZK mil 645,747 606,356 465,010
Customer Loans CZK mil 934,195 816,771 860,526
Investments CZK mil 99,420 201,526 249,225
Total Assets CZK mil 1,756,440 1,805,479 1,805,617
Shareholders' Equity CZK mil 106,992 117,378 100,978
Interbank Borrowing CZK mil 57,422 25,057 43,708
Customer Deposits CZK mil 1,075,138 1,156,902 1,231,800
Issued Debt Securities CZK mil 425,293 421,603 305,507
Ratios 2020 2021 2022
ROE % 8.27 14.4 13.3
ROA % 0.501 0.907 0.807
Costs (As % Of Assets) % 1.14 1.11 1.22
Costs (As % Of Income) % 54.6 55.5 54.3
Capital Adequacy Ratio % 24.2 22.7 20.2
Net Interest Margin % 1.54 1.29 1.72
Loans (As % Of Deposits) % 86.9 70.6 69.9
NPLs (As % Of Loans) % 2.00 1.95 1.81
Provisions (As % Of NPLs) % 48.7 49.4 44.6
Growth Rates 2020 2021 2022
Total Revenue Growth % -16.9 1.34 13.3
Operating Cost Growth % 1.15 3.02 10.9
Operating Profit Growth % -31.5 -0.681 16.3
Net Profit Growth % -56.9 90.4 -9.83
Customer Loan Growth % 11.5 -12.6 5.36
Total Asset Growth % 7.72 2.79 0.008
Customer Deposit Growth % 12.0 7.60 6.47
Shareholders' Equity Growth % 8.94 9.71 -14.0
Employees 8,349 8,089 8,069

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summary Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
income statement                                                          
Net Interest Income CZK mil ... ... ...                                       22,235 22,692 26,016 32,004 26,102    
Total Revenues CZK mil ... ... ...                                       34,043 37,199 37,102 42,404 35,251    
Operating Profit CZK mil ... ... ...                                       18,392 20,947 19,333 23,370 15,999    
Net Profit CZK mil                                             15,141 17,517 15,757 19,691 8,488    
balance sheet                                                          
Interbank Loans CZK mil ... ... ...                                       242,209 485,267 532,823 621,193 645,747    
Customer Loans CZK mil                                             537,013 674,729 690,610 838,018 934,195    
Investments CZK mil ... ... ...                                       222,133 70,372 85,564 88,519 99,420    
Total Assets CZK mil                                             1,085,527 1,314,399 1,377,568 1,630,597 1,756,440    
                                                             
Shareholders' Equity CZK mil                                             88,735 92,456 91,546 98,208 106,992    
Interbank Borrowing CZK mil ... ... ...                                       32,598 68,502 54,653 47,346 57,422    
Customer Deposits CZK mil                                             676,161 744,448 792,625 959,951 1,075,138    
Issued Debt Securities CZK mil ... ... ...                                       279,990 350,136 365,311 415,818 425,293    
ratios                                                          
ROE % ...                                           16.9 19.3 17.1 20.8 8.27    
ROA % ...                                           1.48 1.46 1.17 1.31 0.501    
Costs (As % Of Assets) % ... ... ...                                       1.53 1.35 1.32 1.27 1.14    
Costs (As % Of Income) % ... ... ...                                       46.0 43.7 47.9 44.9 54.6    
Capital Adequacy Ratio %                                             18.5 17.2 18.0 19.2 24.2    
Net Interest Margin % ... ... ...                                       2.18 1.89 1.93 2.13 1.54    
Interest Income (As % Of Revenues) % ... ... ...                                       65.3 61.0 70.1 75.5 74.0    
Fee Income (As % Of Revenues) % ... ... ...                                       18.3 17.2 21.6 20.1 21.5    
Staff Cost (As % Of Total Cost) % ... ... ...                                       48.0 48.7 49.0 49.0 48.1    
Equity (As % Of Assets) %                                             8.17 7.03 6.65 6.02 6.09    
Loans (As % Of Deposits) %                                             79.4 90.6 87.1 87.3 86.9    
Loans (As % Assets) %                                             49.5 51.3 50.1 51.4 53.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...                           3.03 2.04 3.06 2.18 2.00    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...                           54.2 58.3 45.7 47.3 48.7    
valuation                                                          
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Share Price CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Earnings Per Share (EPS) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Book Value Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Dividend Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
income statement Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
income statement                                                          
Interest Income CZK mil ... ... ...                                       25,043 25,979 33,764 46,820 35,680    
Interest Cost CZK mil ... ... ...                                       2,808 3,287 7,748 14,816 9,578    
Net Interest Income CZK mil ... ... ...                                       22,235 22,692 26,016 32,004 26,102    
Net Fee Income CZK mil ... ... ...                                       6,218 6,396 8,022 8,518 7,591    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil ... ... ...                                       5,590 8,111 3,064 1,882 1,558    
Insurance Premium Earned CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Total Revenues CZK mil ... ... ...                                       34,043 37,199 37,102 42,404 35,251    
Staff Cost CZK mil ... ... ...                                       7,510 7,920 8,709 9,333 9,254    
Depreciation CZK mil ... ... ...                                       1,268 1,380 1,455 2,256 2,155    
Other Cost CZK mil ... ... ...                                       6,873 6,952 7,605 7,445 7,843    
Operating Cost CZK mil ... ... ...                                       15,651 16,252 17,769 19,034 19,252    
Operating Profit CZK mil ... ... ...                                       18,392 20,947 19,333 23,370 15,999    
Provisions CZK mil ... ... ...                                       708 615 983 403 5,926    
Extra and Other Cost CZK mil ... ... ...                                       -696 -637 -581 -218 43.0    
Pre-Tax Profit CZK mil                                             18,380 20,969 18,931 23,185 10,030    
Tax CZK mil                                             3,232 3,453 3,174 3,494 1,542    
Minorities CZK mil                                             7.00 -1.00 0 0 0    
Net Profit CZK mil                                             15,141 17,517 15,757 19,691 8,488    
Net Profit Avail. to Common CZK mil                                             15,141 17,517 15,757 19,691 8,488    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
growth rates                                                          
Net Interest Income Growth % ... ... ... ...                                     -0.305 2.06 14.6 23.0 -18.4    
Net Fee Income Growth % ... ... ... ...                                     -2.71 2.86 25.4 6.18 -10.9    
Total Revenue Growth % ... ... ... ...                                     4.61 9.27 -0.261 14.3 -16.9    
Operating Cost Growth % ... ... ... ...                                     -0.229 3.84 9.33 7.12 1.15    
Operating Profit Growth % ... ... ... ...                                     9.12 13.9 -7.70 20.9 -31.5    
Pre-Tax Profit Growth % ...                                           11.7 14.1 -9.72 22.5 -56.7    
Net Profit Growth % ...                                           8.07 15.7 -10.0 25.0 -56.9    
market share                                                          
Market Share in Revenues % ... ... ...                                       18.9 20.8 19.5 21.0 19.5    
Market Share in Net Profit %                                             20.5 23.2 19.3 21.6 17.9    
Market Share in Employees % ... ... ... ...                                     20.8 20.6 20.6 20.7 20.5    
Market Share in Bank Cards % ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Debit Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Credit Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Branches % ... ... ... ... ... ... ... ...                             14.6 13.9 12.0 11.9 12.6    
balance sheet Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
balance sheet                                                          
Cash & Cash Equivalents CZK mil ... ... ...                                       61,075 54,499 38,610 47,725 29,595    
Interbank Loans CZK mil ... ... ...                                       242,209 485,267 532,823 621,193 645,747    
Customer Loans CZK mil                                             537,013 674,729 690,610 838,018 934,195    
Retail Loans CZK mil ... ... ... ... ... ... ... ...                             320,558 310,500 449,100 471,000 492,279    
Mortgage Loans CZK mil ... ... ... ... ... ... ... ...                             256,700 282,400 417,700 437,200 458,162    
Consumer Loans CZK mil ... ... ... ... ... ... ... ...                             63,858 28,100 31,400 33,800 34,117    
Corporate Loans CZK mil ... ... ... ... ... ... ... ...                             185,300 191,000 292,100 309,700 300,125    
Investments CZK mil ... ... ...                                       222,133 70,372 85,564 88,519 99,420    
Property and Equipment CZK mil ... ... ...               ...                       10,009 11,024 10,355 14,417 14,690    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5,816 5,770 10,918 10,767    
Goodwill CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Total Assets CZK mil                                             1,085,527 1,314,399 1,377,568 1,630,597 1,756,440    
                                                             
Shareholders' Equity CZK mil                                             88,735 92,456 91,546 98,208 106,992    
Of Which Minority Interest CZK mil ... ... ... ... ...                                   186 0 0 0 0    
Liabilities CZK mil                                             996,792 1,221,943 1,286,022 1,532,389 1,649,448    
Interbank Borrowing CZK mil ... ... ...                                       32,598 68,502 54,653 47,346 57,422    
Customer Deposits CZK mil                                             676,161 744,448 792,625 959,951 1,075,138    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 652,900    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 419,870    
Issued Debt Securities CZK mil ... ... ...                                       279,990 350,136 365,311 415,818 425,293    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Liabilities CZK mil ... ... ...                                       8,043 58,857 73,433 109,274 91,595    
asset quality                                                          
Non-Performing Loans CZK mil ... ... ... ... ... ... ... ... ...                           16,600 13,900 21,400 18,500 18,911    
Gross Loans CZK mil ... ... ... ... ... ... ... ...                             547,078 682,829 700,390 846,769 943,410    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         380,293 403,151 383,254 391,461 410,027    
Total Provisions CZK mil ... ... ... ... ... ... ... ...                             9,000 8,100 9,780 8,751 9,215    
growth rates                                                          
Customer Loan Growth % ...                                           6.47 25.6 2.35 21.3 11.5    
Retail Loan Growth % ... ... ... ... ... ... ... ... ...                           0.868 -3.14 44.6 4.88 4.52    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ...                           10.9 10.0 47.9 4.67 4.79    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ...                           -26.0 -56.0 11.7 7.64 0.938    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ...                           -18.1 3.08 52.9 6.03 -3.09    
Total Asset Growth % ...                                           13.5 21.1 4.81 18.4 7.72    
Shareholders' Equity Growth % ...                                           -2.19 4.19 -0.984 7.28 8.94    
Customer Deposit Growth % ...                                           8.72 10.1 6.47 21.1 12.0    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
market share                                                          
Market Share in Customer Loans %                                             18.2 21.9 20.9 24.3 26.0    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ...                             19.0 18.7 27.0 27.7 26.7    
Market Share in Retail Loans % ... ... ... ... ... ... ... ...                             22.6 20.3 27.3 27.0 26.5    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ...                             17.4 7.36 7.85 8.14 8.07    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ...                             24.4 24.6 33.5 32.9 31.9    
Market Share in Total Assets %                                             18.2 18.8 18.9 21.6 22.0    
Market Share in Customer Deposits %                                             17.9 17.9 17.8 20.3 20.8    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
ratios Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                                           
ROE % ...                                           16.9 19.3 17.1 20.8 8.27    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 18.3 22.8 9.25    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       26.9 29.8 26.7 33.9 14.1    
ROA % ...                                           1.48 1.46 1.17 1.31 0.501    
Return on Loans % ...                                           2.91 2.89 2.31 2.58 0.958    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       4.90 5.35 4.92 6.03 3.99    
Costs (As % Of Assets) % ... ... ...                                       1.53 1.35 1.32 1.27 1.14    
Costs (As % Of Income) % ... ... ...                                       46.0 43.7 47.9 44.9 54.6    
Costs (As % Of Loans) % ... ... ...                                       3.01 2.68 2.60 2.49 2.17    
Costs (As % Of Loans & Deposits) % ... ... ...                                       1.34 1.23 1.22 1.16 1.01    
Capital Adequacy Ratio %                                             18.5 17.2 18.0 19.2 24.2    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 18.2 17.2 18.0 19.2 23.7    
Net Interest Margin % ... ... ...                                       2.18 1.89 1.93 2.13 1.54    
Interest Spread % ... ... ...                                       2.15 1.87 1.89 2.06 1.50    
Asset Yield % ... ... ...                                       2.45 2.16 2.51 3.11 2.11    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       9.07 9.50 9.44 10.9 8.80    
Cost Of Liabilities % ... ... ...                                       0.302 0.296 0.618 1.05 0.602    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Interest Income (As % Of Revenues) % ... ... ...                                       65.3 61.0 70.1 75.5 74.0    
Fee Income (As % Of Revenues) % ... ... ...                                       18.3 17.2 21.6 20.1 21.5    
Other Income (As % Of Revenues) % ... ... ...                                       16.4 21.8 8.26 4.44 4.42    
Staff Cost (As % Of Total Cost) % ... ... ...                                       48.0 48.7 49.0 49.0 48.1    
Equity (As % Of Assets) %                                             8.17 7.03 6.65 6.02 6.09    
Equity (As % Of Loans) %                                             16.5 13.7 13.3 11.7 11.5    
Loans (As % Of Deposits) %                                             79.4 90.6 87.1 87.3 86.9    
Loans (As % Assets) %                                             49.5 51.3 50.1 51.4 53.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...                           3.03 2.04 3.06 2.18 2.00    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...                           54.2 58.3 45.7 47.3 48.7    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ...                             1.68 1.20 1.42 1.04 0.986    
Cost of Provisions (As % Of Loans) % ... ... ...                                       0.136 0.101 0.144 0.053 0.669    
other data Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                                           
Branches ... ... ... ... ... ... ... ...                             298 270 235 225 212    
ATMs ... ... ... ... ... ... ... ...                             1,062 1,070 1,063 1,068 1,025    
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ...                             356 396 452 475 483    
Employees ... ... ... ...                                     8,517 8,615 8,623 8,626 8,349    
Employees Per Bank Branch ... ... ... ... ... ... ... ...                             28.6 31.9 36.7 38.3 39.4    
Cost Per Employee USD per month ... ... ... ...                                     2,912 3,265 3,847 4,000 4,198    
Cost Per Employee (Local Currency) CZK per month ... ... ... ...                                     73,480 76,610 84,164 90,163 92,366    
Employee Turnover % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Women (As % of Workforce) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Women (As % of Management) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Revenues From Abroad CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Profit From Abroad CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Profit From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Insurance Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Insurance Fee Income (As % of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
customer breakdown Unit 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                                           
Customers mil ... ... ... ... ... ...                                 2.83 2.77 4.30 4.24 4.23    
Number of Accounts mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Number of Primary Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Payment Cards mil ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Debit Cards mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Credit Cards mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       0.190 0.203 0.288 0.303 0.317 ... ...
Number of Consumer Loans mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Average Size of Deposit CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       1,352,000 1,393,000 1,451,000 1,444,000 1,444,000 ... ...
Average Size of Consumer Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Accounts (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Primary (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       6.71 7.32 6.69 7.14 7.50 ... ...
Consumer Loans (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Payments Cards (As % of Total Clients) % ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Debit Cards (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Credit Cards (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
                                                             
Market Value per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ...                                 12,025 13,429 8,628 10,001 8,332    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ...                                 5,348 6,324 3,664 4,644 2,006    
Loan per Customer (Local Currency) CZK ... ... ... ... ... ...                                 189,690 243,584 160,607 197,646 220,798    
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ...                                 238,842 268,754 184,331 226,404 254,110    
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Revenue per Customer USD ... ... ... ... ... ...                                 477 572 394 444 379    
Net Profit per Customer USD ... ... ... ... ... ...                                 212 269 167 206 91.2    
Loan per Customer USD ... ... ... ... ... ...                                 7,399 11,441 7,149 8,737 10,324    
Deposit per Customer USD ... ... ... ... ... ...                                 9,316 12,623 8,205 10,009 11,882    

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CSOB's net profit rose 6.85% yoy to CZK 5,847 mil in 2Q2023

By Helgi Library - August 10, 2023

CSOB made a net profit of CZK 5,847 mil under revenues of CZK 10,509 mil in the second quarter of 2023, up 6.85% and down 8.12% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZ...

CSOB's npls (as % of loans) fell 19.9% yoy to 1.52% in 2Q2023

By Helgi Library - August 10, 2023

CSOB's non-performing loans reached 1.52% of total loans at the end of 2023-06-30, down from 1.90% compared to the previous year. Historically, the NPL ratio hit an all time high of 5.13% in 2013-06-30 and an all time low of 1.52% in 2023-06-30. Provision c...

Three Largest Mortgage Lenders in Czechia

By Helgi Library - September 29, 2023

Mortgage loans grew 6.80% yoy in the last 12 months and were up 1.13% qoq in the last quarter. At the end of September, mortgages formed 40.8% of total loans and 23.5% of GDP. Overall, CSOB was the largest mortgage lender with 30.4% of the ...

CSOB's total revenues fell 8.12% yoy to CZK 10,509 mil in 2Q2023

By Helgi Library - September 29, 2023

CSOB generated total banking revenues of CZK 10,509 mil in 2023-06-30, up 4.30% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 67,123 mil in 2023-06-30, up 20.3% when compared to the last year. ...

CSOB's customer loans rose 3.21% yoy to CZK 877,459 mil in 2Q2023

By Helgi Library - September 29, 2023

CSOB's customer loans reached CZK 877,459 mil in 2023-06-30, up 1.31% compared to the previous year. Czech banking sector provided customer loans of CZK 4,206 in 2023-06-30, up 2.15% when compared to the last year. CSOB accounted for 20.9% of all customer...

CSOB's net interest margin fell 1.62% yoy to 1.45% in 2Q2023

By Helgi Library - August 10, 2023

CSOB's net interest margin amounted to 1.45% in the second quarter of 2023, down from 1.48% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 2.86% in 2Q2010 and an all time low of 1.11% in 2...

CSOB's branches fell 1.48% yoy to 200 in 2Q2023

By Helgi Library - September 29, 2023

CSOB employed 8,053 persons in 2023-06-30, down 0.556% compared to the previous year. Historically, the bank's workforce hit an all time high of 10,511 persons in 2003-12-31 and an all time low of 6,750 in 2006-12-31. The bank operated a network of 200 bra...

CSOB's retail loans rose 2.71% yoy to CZK 550,966 mil in 2Q2023

By Helgi Library - September 29, 2023

CSOB's retail loans reached CZK 550,966 mil in the second quarter of 2023, up 0.606% compared to the previous year. Czech banking sector provided retail loans of CZK 2,203 bil in 2Q2023, up 2.19% when compared to the last year. CSOB accounted for 25.0% of...

CSOB's costs (as % of assets) rose 16.0% yoy to 1.03% in 2Q2023

By Helgi Library - September 29, 2023

CSOB's cost to income ratio reached 49.2% in the second quarter of 2023, down from 63.6% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 433% of income in 3Q2008 and an all time low of 24.9% in 4Q2009. ...

CSOB's consumer loans rose 6.06% yoy to CZK 38,455 mil in 2Q2023

By Helgi Library - September 29, 2023

CSOB's consumer loans reached CZK 38,455 mil in 2023-06-30, up 1.84% compared to the previous year. Czech banking sector provided consumer loans of CZK 486 bil in 2023-06-30, up 2.85% when compared to the last year. CSOB accounted for 7.91% of all consume...

More News

CSOB is the largest financial Group in the Czech Republic with approximately a fifth of the market in assets, loans or deposits. Following its takeover of bankrupt IPB in 2000, the Bank serves now more than 3.6 million retail clients through a network of 200 branches, over 1,000 ATMs or 2,600 outlets if the network of the Czech Post Office is included. At the end of 2018, the Group employed over 8,000 people in the Czech Republic and Slovakia. The bank was privatized in 1999, when Belgium’s KBC became the majority owner (and sole owner in 2007). . The bank is particularly strong in the area of housing loans. Through its subsidiaries Hypoteční Banka and CMSS, ČSOB now controls a quarter of mortgage and building society loans. We estimate that mortgage lending generate over 20% of ČSOB's profit.

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Finance

CSOB has been growing its revenues and asset by 1.46% and 6.78% a year on average in the last 10 years. Its loans and deposits have grown by 6.10% and 6.94% a year during that time and loans to deposits ratio reached 69.9% at the end of 2022. The company achieved an average return on equity of 16.0% in the last decade with net profit growing -0.475% a year on average. In terms of operating efficiency, its cost to income ratio reached 54.3% in 2022, compared to 49.0% average in the last decade.

Equity represented 5.59% of total assets or 11.7% of loans at the end of 2022. CSOB's non-performing loans were 1.81% of total loans while provisions covered some 44.6% of NPLs at the end of 2022.

Risks

Slowdown onto the real estate market, on-going low interest rate environment and rising competition pressure from fintech and small market players seem to be the biggest risks to watch for.