CSOB Stavebna Sporitelna

CSOB SS's customer deposits rose 1.50% to EUR 224 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Stavebna Sporitelna's customer deposits reached EUR 224 mil in 2017, up 1.50% compared to the previous year. Slovak bankin...

CSOB SS's customer loans rose 0.810% to EUR 163 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Stavebna Sporitelna's customer loans reached EUR 163 mil in 2017, up 0.810% compared to the previous year. Slovak banking ...

CSOB SS's retail deposits rose 1.50% to EUR 224 mil in 2017

By Helgi Analytics - July 16, 2018

CSOB Stavebna Sporitelna's retail deposits reached EUR 224 mil in 2017, up 1.50% compared to the previous year. Slovak banking ...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 6.94 6.66 5.61
Fee Income (As % Of Revenues) % 23.7 22.8 22.3
Other Income EUR mil 0.027 0.008 -0.002
Total Revenues EUR mil 9.13 8.63 7.22
Staff Cost EUR mil 2.81 2.74 2.89
Operating Profit EUR mil 3.94 3.39 1.77
Provisions EUR mil 1.37 1.63 1.16
Net Profit EUR mil 2.00 1.18 0.489
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 15.1 15.5 9.23
Customer Loans EUR mil 168 161 163
Debt Securities EUR mil 69.1 68.0 70.8
Total Assets EUR mil 254 249 251
Shareholders' Equity EUR mil 28.2 27.2 26.0
Interbank Borrowing EUR mil 6.49 0 0
Customer Deposits EUR mil 217 221 224
Issued Debt Securities EUR mil 0 0 0
Ratios 2015 2016 2017
ROE % 7.08 4.26 1.84
ROA % 0.816 0.468 0.195
Costs (As % Of Assets) % 2.11 2.08 2.18
Costs (As % Of Income) % 56.9 60.7 75.5
Capital Adequacy Ratio % 18.5 17.5 17.1
Net Interest Margin % 2.82 2.64 2.24
Loans (As % Of Deposits) % 77.5 73.1 72.7
NPLs (As % Of Loans) % 5.77 5.59 5.70
Provisions (As % Of NPLs) % 34.3 37.5 47.3
Growth Rates 2015 2016 2017
Total Revenue Growth % 10.1 -5.54 -16.4
Operating Cost Growth % -2.82 0.731 4.09
Operating Profit Growth % 33.7 -13.8 -47.9
Net Profit Growth % 6.09 -41.2 -58.5
Customer Loan Growth % 5.54 -4.25 0.810
Total Asset Growth % 7.34 -2.03 0.826
Customer Deposit Growth % 7.86 1.50 1.50
Shareholders' Equity Growth % -0.511 -3.71 -4.46
Employees 114 112 121

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summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Net Interest Income EUR mil             4.54 5.40 6.23 6.12 6.94    
Total Revenues EUR mil             6.94 7.56 8.39 8.29 9.13    
Operating Profit EUR mil             2.41 2.32 2.95 2.95 3.94    
Net Profit EUR mil             1.47 1.67 1.99 1.89 2.00    
balance sheet                          
Interbank Loans EUR mil             5.06 5.02 5.05 9.16 15.1    
Customer Loans EUR mil             117 135 151 160 168    
Debt Securities EUR mil             74.6 75.3 63.1 62.8 69.1    
Total Assets EUR mil             199 217 221 237 254    
Shareholders' Equity EUR mil             21.4 25.7 27.1 28.4 28.2    
Interbank Borrowing EUR mil             20.0 20.1 8.98 4.98 6.49    
Customer Deposits EUR mil             156 168 183 201 217    
Issued Debt Securities EUR mil             0 0 0 0 0    
ratios                          
ROE %             6.82 7.10 7.56 6.82 7.08    
ROA %             0.769 0.804 0.910 0.824 0.816    
Costs (As % Of Assets) %             2.36 2.52 2.48 2.33 2.11    
Costs (As % Of Income) %             65.3 69.3 64.8 64.5 56.9    
Capital Adequacy Ratio % ...           26.5 26.0 21.6 19.0 18.5    
Net Interest Margin %             2.37 2.60 2.84 2.67 2.82    
Interest Income (As % Of Revenues) %             65.5 71.4 74.3 73.8 76.0    
Fee Income (As % Of Revenues) %             30.0 25.5 24.9 25.6 23.7    
Staff Cost (As % Of Total Cost) %             56.5 52.7 52.6 53.0 54.1    
Equity (As % Of Assets) %             10.8 11.8 12.2 12.0 11.1    
Loans (As % Of Deposits) %             75.4 80.0 82.4 79.2 77.5    
Loans (As % Assets) %             58.9 62.2 68.0 67.4 66.2    
NPLs (As % Of Loans) % ...           2.88 2.32 2.19 2.30 5.77    
Provisions (As % Of NPLs) % ...           90.1 67.2 73.0 57.2 34.3    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Interest Income EUR mil             8.39 9.13 9.64 9.78 10.1    
Interest Cost EUR mil             3.85 3.73 3.41 3.67 3.20    
Net Interest Income EUR mil             4.54 5.40 6.23 6.12 6.94    
Net Fee Income EUR mil             2.08 1.93 2.09 2.13 2.17    
Other Income EUR mil             0.313 0.231 0.071 0.050 0.027    
Total Revenues EUR mil             6.94 7.56 8.39 8.29 9.13    
Staff Cost EUR mil             2.56 2.77 2.86 2.83 2.81    
Depreciation EUR mil             0.325 0.418 0.478 0.537 0.585    
Other Cost EUR mil             1.64 2.06 2.10 1.98 1.80    
Operating Cost EUR mil             4.53 5.24 5.44 5.35 5.20    
Operating Profit EUR mil             2.41 2.32 2.95 2.95 3.94    
Provisions EUR mil             0.581 0.239 0.311 0.420 1.37    
Extra and Other Cost EUR mil             0 0 0 0 0    
Pre-Tax Profit EUR mil             1.82 2.08 2.64 2.53 2.57    
Tax EUR mil             0.350 0.408 0.648 0.636 0.562    
Minorities EUR mil             0 0 0 0 0    
Net Profit EUR mil             1.47 1.67 1.99 1.89 2.00    
growth rates                          
Net Interest Income Growth % ...           7.45 18.9 15.4 -1.83 13.4    
Net Fee Income Growth % ...           1.51 -7.12 7.97 1.87 2.07    
Total Revenue Growth % ...           8.61 9.06 10.9 -1.14 10.1    
Operating Cost Growth % ...           15.5 15.8 3.64 -1.62 -2.82    
Operating Profit Growth % ...           -2.32 -3.58 27.3 -0.271 33.7    
Pre-Tax Profit Growth % ...           -19.7 14.0 27.0 -4.43 1.62    
Net Profit Growth % ...           -10.1 13.4 19.3 -5.27 6.09    
market share                          
Market Share in Revenues %             0.283 0.361 0.361 0.337 0.401    
Market Share in Net Profit % ... ...         0.219 0.348 0.363 0.337 0.331    
Market Share in Employees %             0.602 0.525 0.615 0.611 0.603    
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                          
Cash EUR mil             0.006 0.034 1.09 3.99 0.053    
Interbank Loans EUR mil             5.06 5.02 5.05 9.16 15.1    
Customer Loans EUR mil             117 135 151 160 168    
Retail Loans EUR mil             117 135 104 113 126    
Mortgage Loans EUR mil             117 135 104 113 126    
Consumer Loans EUR mil             0 0 0 0 0    
Corporate Loans EUR mil             0 0 46.5 47.0 42.3    
Debt Securities EUR mil             74.6 75.3 63.1 62.8 69.1    
Fixed Assets EUR mil             1.47 1.62 1.53 1.31 1.12    
Total Assets EUR mil             199 217 221 237 254    
Shareholders' Equity EUR mil             21.4 25.7 27.1 28.4 28.2    
Of Which Minority Interest EUR mil             0 0 0 0 0    
Liabilities EUR mil             177 191 194 209 226    
Interbank Borrowing EUR mil             20.0 20.1 8.98 4.98 6.49    
Customer Deposits EUR mil             156 168 183 201 217    
Retail Deposits EUR mil             156 168 183 201 217    
Issued Debt Securities EUR mil             0 0 0 0 0    
Other Liabilities EUR mil             1.95 2.65 2.60 2.22 2.42    
asset quality                          
Non-Performing Loans EUR mil ...           3.47 3.18 3.35 3.72 9.91    
Gross Loans EUR mil ...           120 137 153 162 172    
Total Provisions EUR mil ...           3.13 2.14 2.45 2.13 3.41    
growth rates                          
Customer Loan Growth % ...           18.2 15.0 11.6 6.04 5.54    
Retail Loan Growth % ...           18.2 15.0 -22.8 8.23 12.1    
Mortgage Loan Growth % ...           18.2 15.0 -22.8 8.23 12.1    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... 1.15 -10.1    
Total Asset Growth % ...           7.73 9.01 2.08 7.06 7.34    
Shareholders' Equity Growth % ...           -1.61 19.8 5.37 4.84 -0.511    
Customer Deposit Growth % ...           6.56 8.30 8.48 10.2 7.86    
Retail Deposit Growth % ...           6.56 8.30 8.48 10.2 7.86    
market share                          
Market Share in Customer Loans %             0.322 0.363 0.384 0.382 0.371    
Market Share in Retail Loans %             0 0 0 0 0    
Market Share in Consumer Loans %             0.682 0.718 0.506 0.489 0.487    
Market Share in Mortgage Loans %             0.951 0.985 0.680 0.649 0.640    
Market Share in Total Assets %             0.337 0.363 0.363 0.369 0.368    
Market Share in Customer Deposits %             0.388 0.398 0.412 0.437 0.431    
Market Share in Retail Deposits %             0.619 0.633 0.668 0.706 0.699    
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                          
ROE %             6.82 7.10 7.56 6.82 7.08    
ROA %             0.769 0.804 0.910 0.824 0.816    
Costs (As % Of Assets) %             2.36 2.52 2.48 2.33 2.11    
Costs (As % Of Income) %             65.3 69.3 64.8 64.5 56.9    
Capital Adequacy Ratio % ...           26.5 26.0 21.6 19.0 18.5    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... 17.8    
Net Interest Margin %             2.37 2.60 2.84 2.67 2.82    
Interest Spread % ...           2.11 2.37 2.63 2.45 2.65    
Asset Yield %             4.37 4.39 4.40 4.27 4.13    
Cost Of Liabilities % ...           2.26 2.03 1.77 1.82 1.47    
Interest Income (As % Of Revenues) %             65.5 71.4 74.3 73.8 76.0    
Fee Income (As % Of Revenues) %             30.0 25.5 24.9 25.6 23.7    
Other Income (As % Of Revenues) %             4.51 3.05 0.846 0.603 0.296    
Cost Per Employee USD per month             2,673 3,020 2,775 2,668 2,356    
Cost Per Employee (Local Currency) EUR per month             1,923 2,352 2,091 2,070 2,056    
Staff Cost (As % Of Total Cost) %             56.5 52.7 52.6 53.0 54.1    
Equity (As % Of Assets) %             10.8 11.8 12.2 12.0 11.1    
Loans (As % Of Deposits) %             75.4 80.0 82.4 79.2 77.5    
Loans (As % Assets) %             58.9 62.2 68.0 67.4 66.2    
NPLs (As % Of Loans) % ...           2.88 2.32 2.19 2.30 5.77    
Provisions (As % Of NPLs) % ...           90.1 67.2 73.0 57.2 34.3    
Provisions (As % Of Loans) % ...           2.67 1.58 1.63 1.33 2.02    
Cost of Provisions (As % Of Loans) %             0.537 0.190 0.218 0.271 0.836    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                          
Employees             111 98.0 114 114 114    

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CSOB SS's mortgage loans fell 0.721% to EUR 120 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Stavebna Sporitelna's mortgage loans reached EUR 120 mil in 2017, down 0.721% compared to the previous year. Slovak banking sector provided mortgage loans of EUR 25.4 bil in 2017, up 12.8% when compared to the last year. CSOB Stavebna Sporitelna acco...

CSOB SS's net profit fell 58.5% to EUR 0.489 mil in 2017

By Helgi Analytics - May 26, 2018

CSOB Stavebna Sporitelna made a net profit of EUR 0.489 mil under revenues of EUR 7.22 mil in 2017, up -58.5% and -16.4% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 2.00 mil in 2015 and an all time low o...

CSOB SS's npls (as % of loans) rose 1.94% to 5.70% in 2017

By Helgi Analytics - May 26, 2018

CSOB Stavebna Sporitelna's non-performing loans reached 5.70% of total loans at the end of 2017, up from 5.59% compared to the previous year. Historically, the NPL ratio hit an all time high of 8.24% in 2006 and an all time low of 2.19% in 2013. Provision c...

CSOB SS's corporate loans rose 5.41% to EUR 42.5 mil in 2017

By Helgi Analytics - May 26, 2018

CSOB Stavebna Sporitelna's loans reached EUR 167 mil in the 2017, up from EUR 165 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 172 mil in 2015 and an all time low of EUR 68.5 mil in 2006. In the last ...

CSOB SS's total revenues fell 16.4% to EUR 7.22 mil in 2017

By Helgi Analytics - July 16, 2018

CSOB Stavebna Sporitelna generated total banking revenues of EUR 7.22 mil in 2017, down 16.4% compared to the previous year. Slovak banking sector banking sector generated total revenues of EUR 2,324 mil in 2017, down 10.6% when compared to the last y...

CSOB SS's net interest margin fell 15.1% to 2.24% in 2017

By Helgi Analytics - May 26, 2018

CSOB Stavebna Sporitelna's net interest margin amounted to 2.24% in 2017, down from 2.64% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 2.84% in 2013 and an all time low of 1.64% in 2007. The ave...

CSOB SS's consumer loans remain unchanged at EUR 0 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Stavebna Sporitelna's consumer loans reached EUR 0 mil in 2017, down 0% compared to the previous year. Slovak banking sector provided consumer loans of EUR 7.45 bil in 2017, up 8.46% when compared to the last year. CSOB Stavebna Sporitelna accounted ...

CSOB SS's net interest income fell 15.7% to EUR 5.61 mil in 2017

By Helgi Analytics - May 26, 2018

CSOB Stavebna Sporitelna generated total banking revenues of EUR 7.22 mil in 2017, down 16.4% 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 9.13 mil in ...

CSOB SS's customer loan growth rose 119% to 0.810% in 2017

By Helgi Analytics - May 26, 2018

CSOB Stavebna Sporitelna's customer loan growth reached 0.810% in 2017, up from -4.25% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 18.5% in 2006 and an all time low of -4.25% in 2016. In the last decade...

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ČSOB Stavebná Sporitel'ňa is a Slovakia-based building savings bank. The Bank provides various financial products and services to retail and legal clients. It primarily offers construction loans, interim loans, and loans for housing reconstruction. ČSOB Stavebná Sporitel'ňa was established in 2000 and is a member of the ČSOB Financial Group, a 100% subsidiary of the Československá obchodná banka, a.s.. ČSOB Financial Group offers a wide range of finance corps, not only banking but also insurance, various types of financing, building savings, loans, investments, pensions, leasing, factoring and much more.

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Finance

CSOB Stavebna Sporitelna has been growing its revenues and asset by 2.40% and 2.63% a year on average in the last 10 years. Its loans and deposits have grown by 8.25% and 2.76% a year during that time and loans to deposits ratio reached 72.7% at the end of 2017. The company achieved an average return on equity of 5.60% in the last decade with net profit growing -3.25% a year on average. In terms of operating efficiency, its cost to income ratio reached 75.5% in 2017, compared to 66.2% average in the last decade.

Equity represented 10.3% of total assets or 16.0% of loans at the end of 2017. CSOB Stavebna Sporitelna's non-performing loans were 5.70% of total loans while provisions covered some 47.3% of NPLs at the end of 2017.