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CSOB

CSOB - Market Share in Bank Deposits

By Helgi Library - March 12, 2025

CSOB's customer deposits reached CZK 1,424,460 mil in 2024-09-30, up 3.86% compared to the previous year. Czech banking sector ...

CSOB's net profit rose 205% yoy to CZK 5,318 mil in 4Q2024

By Helgi Library - March 12, 2025

CSOB made a net profit of CZK 5,318 mil in the fourth quarter of 2024, up 205% when compared to the same period of last year. ...

CSOB's net profit rose 205% yoy to CZK 5,318 mil in 4Q2024

By Helgi Library - March 12, 2025

CSOB made a net profit of CZK 5,318 mil under revenues of CZK 12,221 mil in the fourth quarter of 2024, up 205% and 15.1% ...

Profit Statement 2022 2023 2024
Net Interest Income CZK mil 31,062 29,045 31,385
Net Fee Income CZK mil 8,041 8,925 10,011
Other Income CZK mil 1,371 3,324 3,713
Total Revenues CZK mil 40,474 41,294 45,109
Staff Cost CZK mil 10,109 10,626 11,224
Operating Profit CZK mil 18,487 18,705 21,616
Provisions CZK mil 1,497 1,376 -783
Net Profit CZK mil 14,265 15,089 18,908
Balance Sheet 2022 2023 2024
Interbank Loans CZK mil 465,010 536,551 513,570
Customer Loans CZK mil 860,526 904,446 967,290
Investments CZK mil 362,671 345,906 340,117
Total Assets CZK mil 1,805,617 1,868,292 1,920,460
Shareholders' Equity CZK mil 100,305 113,461 116,633
Interbank Borrowing CZK mil 43,708 260,648 40,420
Customer Deposits CZK mil 1,231,800 1,336,648 1,367,805
Issued Debt Securities CZK mil 305,507 70,145 327,104
Ratios 2022 2023 2024
ROE % 13.1 14.1 16.4
ROA % 0.790 0.821 0.998
Costs (As % Of Assets) % 1.22 1.23 1.24
Costs (As % Of Income) % 54.3 54.7 52.1
Capital Adequacy Ratio % 20.0 19.5 20.6
Net Interest Margin % 1.72 1.58 1.66
Loans (As % Of Deposits) % 69.9 67.7 70.7
NPLs (As % Of Loans) % 1.81 1.51 1.43
Provisions (As % Of NPLs) % 44.6 45.2 43.6
Growth Rates 2022 2023 2024
Total Revenue Growth % 13.3 2.03 9.24
Operating Cost Growth % 10.9 2.74 4.00
Operating Profit Growth % 16.3 1.18 15.6
Net Profit Growth % -11.7 5.78 25.3
Customer Loan Growth % 5.36 5.10 6.95
Total Asset Growth % 0.008 3.47 2.79
Customer Deposit Growth % 6.47 8.51 2.33
Shareholders' Equity Growth % -14.5 13.1 2.80
Employees 8,069 8,036 8,075

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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 2023 2024
income statement                                                              
Net Interest Income CZK mil ... ... ...                                           26,016 32,004 26,102 22,900 31,062    
Total Revenues CZK mil ... ... ...                                           37,102 42,404 35,251 35,724 40,474    
Operating Profit CZK mil ... ... ...                                           19,333 23,370 15,999 15,890 18,487    
Net Profit CZK mil                                                 15,757 19,691 8,488 16,160 14,265    
balance sheet                                                              
Interbank Loans CZK mil ... ... ...                                           532,823 621,193 645,747 606,356 465,010    
Customer Loans CZK mil                                                 690,610 838,018 934,195 816,771 860,526    
Investments CZK mil ... ... ...                                           85,564 88,519 99,420 201,526 362,671    
Total Assets CZK mil                                                 1,377,568 1,630,597 1,756,440 1,805,479 1,805,617    
                                                                 
Shareholders' Equity CZK mil                                                 91,546 98,208 106,992 117,378 100,305    
Interbank Borrowing CZK mil ... ... ...                                           54,653 47,346 57,422 25,057 43,708    
Customer Deposits CZK mil                                                 792,625 959,951 1,075,138 1,156,902 1,231,800    
Issued Debt Securities CZK mil ... ... ...                                           365,311 415,818 425,293 421,603 305,507    
ratios                                                              
ROE % ...                                               17.1 20.8 8.27 14.4 13.1    
ROA % ...                                               1.17 1.31 0.501 0.907 0.790    
Costs (As % Of Assets) % ... ... ...                                           1.32 1.27 1.14 1.11 1.22    
Costs (As % Of Income) % ... ... ...                                           47.9 44.9 54.6 55.5 54.3    
Capital Adequacy Ratio %                                                 18.0 19.2 24.2 22.7 20.0    
Net Interest Margin % ... ... ...                                           1.93 2.13 1.54 1.29 1.72    
Interest Income (As % Of Revenues) % ... ... ...                                           70.1 75.5 74.0 64.1 76.7    
Fee Income (As % Of Revenues) % ... ... ...                                           21.6 20.1 21.5 21.9 19.9    
Staff Cost (As % Of Total Cost) % ... ... ...                                           49.0 49.0 48.1 48.0 46.0    
Equity (As % Of Assets) %                                                 6.65 6.02 6.09 6.50 5.56    
Loans (As % Of Deposits) %                                                 87.1 87.3 86.9 70.6 69.9    
Loans (As % Assets) %                                                 50.1 51.4 53.2 45.2 47.7    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...                               3.06 2.18 2.00 1.95 1.81    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...                               45.7 47.3 48.7 49.4 44.6    
valuation                                                              
Book Value Per Share Growth % ... ... ... ...                                         14.6 23.0 -18.4 -12.3 35.6    
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 2023 2024
income statement                                                              
Interest Income CZK mil ... ... ...                                           33,764 46,820 35,680 36,975 107,288    
Interest Cost CZK mil ... ... ...                                           7,748 14,816 9,578 14,075 76,226    
Net Interest Income CZK mil ... ... ...                                           26,016 32,004 26,102 22,900 31,062    
Net Fee Income CZK mil ... ... ...                                           8,022 8,518 7,591 7,828 8,041    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 13,227 14,903    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5,399 6,862    
Other Income CZK mil ... ... ...                                           3,064 1,882 1,558 4,996 1,371    
Total Revenues CZK mil ... ... ...                                           37,102 42,404 35,251 35,724 40,474    
Staff Cost CZK mil ... ... ...                                           8,709 9,333 9,254 9,512 10,109    
Depreciation CZK mil ... ... ...                                           1,455 2,256 2,155 2,342 2,661    
Other Cost CZK mil ... ... ...                                           7,605 7,445 7,843 7,980 9,217    
Operating Cost CZK mil ... ... ...                                           17,769 19,034 19,252 19,834 21,987    
Operating Profit CZK mil ... ... ...                                           19,333 23,370 15,999 15,890 18,487    
Provisions CZK mil ... ... ...                                           983 403 5,926 -3,253 1,497    
Extra and Other Cost CZK mil ... ... ...                                           -581 -218 43.0 64.0 29.0    
Pre-Tax Profit CZK mil                                                 18,931 23,185 10,030 19,079 16,961    
Tax CZK mil                                                 3,174 3,494 1,542 2,919 2,696    
Minorities CZK mil                                                 0 0 0 0 0    
Net Profit CZK mil                                                 15,757 19,691 8,488 16,160 14,265    
Net Profit Avail. to Common CZK mil                                                 15,757 19,691 8,488 16,160 14,265    
growth rates                                                              
Net Interest Income Growth % ... ... ... ...                                         14.6 23.0 -18.4 -12.3 35.6    
Net Fee Income Growth % ... ... ... ...                                         25.4 6.18 -10.9 3.12 2.72    
Total Revenue Growth % ... ... ... ...                                         -0.261 14.3 -16.9 1.34 13.3    
Operating Cost Growth % ... ... ... ...                                         9.33 7.12 1.15 3.02 10.9    
Operating Profit Growth % ... ... ... ...                                         -7.70 20.9 -31.5 -0.681 16.3    
Pre-Tax Profit Growth % ...                                               -9.72 22.5 -56.7 90.2 -11.1    
Net Profit Growth % ...                                               -10.0 25.0 -56.9 90.4 -11.7    
market share                                                              
Market Share in Revenues % ... ... ...                                           19.5 21.0 19.5 19.4 17.3   ...
Market Share in Net Profit %                                                 19.6 22.0 18.4 23.4 14.1    
Market Share in Employees % ... ... ... ...                                         20.6 20.7 20.5 20.4 20.5   ...
Market Share in Bank Cards % ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Branches % ... ... ... ... ... ... ... ...                                 12.0 11.9 12.6 13.0 13.2   ...
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 2023 2024
balance sheet                                                              
Cash & Cash Equivalents CZK mil ... ... ...                                           38,610 47,725 29,595 39,762 62,121    
Interbank Loans CZK mil ... ... ...                                           532,823 621,193 645,747 606,356 465,010    
Customer Loans CZK mil                                                 690,610 838,018 934,195 816,771 860,526    
Retail Loans CZK mil ... ... ... ... ... ... ... ...                                 449,100 471,000 492,279 522,336 544,553    
Mortgage Loans CZK mil ... ... ... ... ... ... ... ...                                 417,700 437,200 458,162 487,177 507,346    
Consumer Loans CZK mil ... ... ... ... ... ... ... ...                                 31,400 33,800 34,117 35,159 37,207    
Corporate Loans CZK mil ... ... ... ... ... ... ... ...                                 292,100 309,700 300,125 312,775 329,549    
Investments CZK mil ... ... ...                                           85,564 88,519 99,420 201,526 362,671    
Property and Equipment CZK mil ... ... ...               ...                           10,355 14,417 14,690 13,643 12,917    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   5,770 10,918 10,767 11,164 11,659    
Total Assets CZK mil                                                 1,377,568 1,630,597 1,756,440 1,805,479 1,805,617    
                                                                 
Shareholders' Equity CZK mil                                                 91,546 98,208 106,992 117,378 100,305    
Of Which Minority Interest CZK mil ... ... ... ... ...                                       0 0 0 0 0    
Liabilities CZK mil                                                 1,286,022 1,532,389 1,649,448 1,688,101 1,705,312    
Interbank Borrowing CZK mil ... ... ...                                           54,653 47,346 57,422 25,057 43,708    
Customer Deposits CZK mil                                                 792,625 959,951 1,075,138 1,156,902 1,231,800    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 652,900 705,000 617,600    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 419,870 451,902 614,200    
Issued Debt Securities CZK mil ... ... ...                                           365,311 415,818 425,293 421,603 305,507    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 19,439 40,592    
Other Liabilities CZK mil ... ... ...                                           73,433 109,274 91,595 84,539 124,297    
asset quality                                                              
Non-Performing Loans CZK mil ... ... ... ... ... ... ... ... ...                               21,400 18,500 18,911 16,120 15,774    
Gross Loans CZK mil ... ... ... ... ... ... ... ...                                 700,390 846,769 943,410 828,414 872,429    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             383,254 391,461 410,027 412,628 432,893    
Total Provisions CZK mil ... ... ... ... ... ... ... ...                                 9,780 8,751 9,215 7,960 7,041    
growth rates                                                              
Customer Loan Growth % ...                                               2.35 21.3 11.5 -12.6 5.36    
Retail Loan Growth % ... ... ... ... ... ... ... ... ...                               44.6 4.88 4.52 6.11 4.25    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ...                               47.9 4.67 4.79 6.33 4.14    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ...                               11.7 7.64 0.938 3.05 5.83    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ...                               52.9 6.03 -3.09 4.21 5.36    
Total Asset Growth % ...                                               4.81 18.4 7.72 2.79 0.008    
Shareholders' Equity Growth % ...                                               -0.984 7.28 8.94 9.71 -14.5    
Customer Deposit Growth % ...                                               6.47 21.1 12.0 7.60 6.47    
market share                                                              
Market Share in Customer Loans %                                                 20.9 24.3 26.0 21.2 21.1    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ...                                 27.0 27.7 26.7 26.3 26.6    
Market Share in Retail Loans % ... ... ... ... ... ... ... ...                                 27.3 27.0 26.5 25.6 25.4    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ...                                 7.91 8.14 8.07 7.84 7.93   ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ...                                 33.5 32.9 31.9 30.5 30.3    
Market Share in Total Assets %                                                 18.9 21.6 22.0 21.2 20.3   ...
Market Share in Customer Deposits %                                                 17.8 20.3 20.8 21.0 21.0    
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 2023 2024
                                                               
ROE % ...                                               17.1 20.8 8.27 14.4 13.1    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 18.3 22.8 9.25 16.0 14.6    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           26.7 33.9 14.1 26.2 22.5    
ROA % ...                                               1.17 1.31 0.501 0.907 0.790    
Return on Loans %                                                 2.31 2.58 0.958 1.85 1.70    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           4.92 6.03 3.99 3.86 4.37    
Costs (As % Of Assets) % ... ... ...                                           1.32 1.27 1.14 1.11 1.22    
Costs (As % Of Income) % ... ... ...                                           47.9 44.9 54.6 55.5 54.3    
Costs (As % Of Loans) % ... ... ...                                           2.60 2.49 2.17 2.27 2.62    
Costs (As % Of Loans & Deposits) % ... ... ...                                           1.22 1.16 1.01 0.996 1.08    
Capital Adequacy Ratio %                                                 18.0 19.2 24.2 22.7 20.0    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                     18.0 19.2 23.7 22.4 19.7    
Net Interest Margin % ... ... ...                                           1.93 2.13 1.54 1.29 1.72    
Interest Spread % ... ... ...                                           1.89 2.06 1.50 1.23 1.45    
Asset Yield % ... ... ...                                           2.51 3.11 2.11 2.08 5.94    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           9.44 10.9 8.80 8.69 9.57    
Cost Of Liabilities % ... ... ...                                           0.618 1.05 0.602 0.843 4.49    
Interest Income (As % Of Revenues) % ... ... ...                                           70.1 75.5 74.0 64.1 76.7    
Fee Income (As % Of Revenues) % ... ... ...                                           21.6 20.1 21.5 21.9 19.9    
Other Income (As % Of Revenues) % ... ... ...                                           8.26 4.44 4.42 14.0 3.39    
Staff Cost (As % Of Total Cost) % ... ... ...                                           49.0 49.0 48.1 48.0 46.0    
Equity (As % Of Assets) %                                                 6.65 6.02 6.09 6.50 5.56    
Equity (As % Of Loans) %                                                 13.3 11.7 11.5 14.4 11.7    
Loans (As % Of Deposits) %                                                 87.1 87.3 86.9 70.6 69.9    
Loans (As % Assets) %                                                 50.1 51.4 53.2 45.2 47.7    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...                               3.06 2.18 2.00 1.95 1.81    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...                               45.7 47.3 48.7 49.4 44.6    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ...                                 1.42 1.04 0.986 0.975 0.818    
Cost of Provisions (As % Of Loans) % ... ... ...                                           0.144 0.053 0.669 -0.372 0.179    
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 2023 2024
                                                               
Branches ... ... ... ... ... ... ... ...                                 235 225 212 208 201    
ATMs ... ... ... ... ... ... ... ...                                 1,063 1,068 1,025 1,017 1,022    
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ...                                 452 475 483 489 508    
Employees ... ... ... ...                                         8,623 8,626 8,349 8,089 8,069    
Employees Per Bank Branch ... ... ... ... ... ... ... ...                                 36.7 38.3 39.4 38.9 40.1    
Cost Per Employee USD per month ... ... ... ...                                         3,847 4,000 4,198 4,522 4,685    
Cost Per Employee (Local Currency) CZK per month ... ... ... ...                                         84,164 90,163 92,366 97,993 104,402    
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 2023 2024
                                                               
Customers mil ... ... ... ... ... ...                                     4.30 4.24 4.23 4.23 4.34    
Payment Cards mil ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           0.288 0.303 0.317 ... ... ... ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           1,451,000 1,444,000 1,444,000 ... ... ... ...
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           6.69 7.14 7.50 ... ... ... ...
Payments Cards (As % of Total Clients) % ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ...                                     8,628 10,001 8,332 8,455 9,326    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ...                                     3,664 4,644 2,006 3,825 3,287    
Loan per Customer (Local Currency) CZK ... ... ... ... ... ...                                     160,607 197,646 220,798 193,319 198,278    
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ...                                     184,331 226,404 254,110 273,823 283,825    
Revenue per Customer USD ... ... ... ... ... ...                                     394 444 379 390 419    
Net Profit per Customer USD ... ... ... ... ... ...                                     167 206 91.2 177 147    
Loan per Customer USD ... ... ... ... ... ...                                     7,149 8,737 10,324 8,807 8,767    
Deposit per Customer USD ... ... ... ... ... ...                                     8,205 10,009 11,882 12,474 12,550    

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CSOB's mortgage loans rose 4.19% yoy to CZK 541,616 mil in 4Q2024

By Helgi Library - March 12, 2025

CSOB's mortgage loans reached CZK 541,616 mil in 4Q2024, up 1.54% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,834 bil in 4Q2024, up 1.73% when compared to the last year. CSOB accounted for 29.5% of all mortgage loa...

CSOB's npls (as % of loans) fell 5.04% yoy to 1.43% in 4Q2024

By Helgi Library - March 12, 2025

CSOB's non-performing loans reached 1.43% of total loans at the end of 2024-12-31, down from 1.51% 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 1.43% in 2024-09-30. Provision c...

CSOB's total revenues rose 8.96% yoy to CZK 10,993 mil in 3Q2024

By Helgi Library - March 12, 2025

CSOB generated total banking revenues of CZK 10,993 mil in 2024-09-30, up 1.42% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 60,032 mil in 2024-09-30, down 7.58% when compared to the last year. ...

CSOB - Market Share in Bank Loans

By Helgi Library - March 12, 2025

CSOB's customer loans reached CZK 953,871 mil in 2024-09-30, up 1.47% compared to the previous year. Czech banking sector provided customer loans of CZK 4,524 bil in 2024-09-30, up 1.44% when compared to the last year. CSOB accounted for 21.1% of all cust...

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 corporate loans rose 9.73% yoy to CZK 390,468 mil in 4Q2024

By Helgi Library - March 12, 2025

CSOB's loans reached CZK 976,608 mil in the fourth quarter of 2024, up from CZK 963,569 mil when compared to the previous quarter and up from CZK 914,700 mil when compared to the same period of last year. Historically, the bank’s loans reached an al...

CSOB's consumer loans rose 12.3% yoy to CZK 43,200 mil in 2Q2024

By Helgi Library - March 12, 2025

CSOB's consumer loans reached CZK 43,200 mil in 2024-06-30, up 4.22% compared to the previous year. Czech banking sector provided consumer loans of CZK 520 bil in 2024-06-30, up 2.36% when compared to the last year. CSOB accounted for 8.30% of all consume...

CSOB's branches remain unchanged yoy at 198 in 4Q2024

By Helgi Library - March 12, 2025

CSOB employed 8,075 persons in 2024-12-31, up 0.623% 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 198 branc...

CSOB - Market Share in Retail Loans

By Helgi Library - March 12, 2025

CSOB's retail loans reached CZK 578,000 mil in the third quarter of 2024, up 1.17% compared to the previous year. Czech banking sector provided retail loans of CZK 2,333 bil in 3Q2024, up 1.52% when compared to the last year. CSOB accounted for 24.8% of a...

CSOB's net interest income rose 8.77% yoy to CZK 8,177 mil in 4Q2024

By Helgi Library - March 12, 2025

CSOB generated total banking revenues of CZK 12,221 mil in the fourth quarter of 2024, up 15.1% when compared to the same period of last year and 11.2% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee an...

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 3.67% and 8.29% a year on average in the last 10 years. Its loans and deposits have grown by 7.53% and 8.60% a year during that time and loans to deposits ratio reached 70.7% at the end of 2024. The company achieved an average return on equity of 15.6% in the last decade with net profit growing 3.35% a year on average. In terms of operating efficiency, its cost to income ratio reached 52.1% in 2024, compared to 50.2% average in the last decade.

Equity represented 6.07% of total assets or 12.1% of loans at the end of 2024. CSOB's non-performing loans were 1.43% of total loans while provisions covered some 43.6% of NPLs at the end of 2024.

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.