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Equa Bank

Equa Bank's net profit rose 1,546% yoy to CZK 177 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank made a net profit of CZK 177 mil in the third quarter of 2021, up 1% when compared to the same period of last year. ...

Equa Bank's net profit rose 1,546% yoy to CZK 177 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank made a net profit of CZK 177 mil under revenues of CZK 537 mil in the third quarter of 2021, up 1% and 23.2% re...

Equa Bank's total revenues rose 23.2% yoy to CZK 537 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank generated total banking revenues of CZK 537 mil in 2021-09-30, up 0.634% compared to the previous year. Czech ba...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 1,690 1,967 1,956
Net Fee Income CZK mil 22.0 -1.00 12.0
Other Income CZK mil 20.0 42.0 46.0
Total Revenues CZK mil 1,732 2,008 2,014
Staff Cost CZK mil 582 645 656
Operating Profit CZK mil 582 726 711
Provisions CZK mil 249 241 485
Net Profit CZK mil 354 376 179
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 11,707 803 1,176
Customer Loans CZK mil 40,234 46,623 49,191
Investments CZK mil 1,155 1,150 1,937
Total Assets CZK mil 55,585 63,279 73,082
Shareholders' Equity CZK mil 4,849 5,254 5,427
Interbank Borrowing CZK mil 91.0 59.0 52.0
Customer Deposits CZK mil 48,760 55,474 64,231
Issued Debt Securities CZK mil 1,679 1,984 2,017
Ratios 2018 2019 2020
ROE % 8.48 7.44 3.35
ROA % 0.671 0.633 0.263
Costs (As % Of Assets) % 2.18 2.16 1.91
Costs (As % Of Income) % 66.4 63.8 64.7
Capital Adequacy Ratio % 16.5 16.5 17.6
Net Interest Margin % 3.20 3.31 2.87
Loans (As % Of Deposits) % 82.5 84.0 76.6
NPLs (As % Of Loans) % 1.57 2.28 1.64
Provisions (As % Of NPLs) % 90.5 59.5 95.0
Growth Rates 2018 2019 2020
Total Revenue Growth % 21.3 15.9 0.299
Operating Cost Growth % 7.48 11.5 1.64
Operating Profit Growth % 62.6 24.7 -2.07
Net Profit Growth % 219 6.21 -52.4
Customer Loan Growth % 9.16 15.9 5.51
Total Asset Growth % 11.2 13.8 15.5
Customer Deposit Growth % 8.75 13.8 15.8
Shareholders' Equity Growth % 38.5 8.35 3.29
Employees 608 644 644

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                          
Net Interest Income CZK mil             550 852 1,164 1,399 1,690    
Total Revenues CZK mil             570 875 1,160 1,428 1,732    
Operating Profit CZK mil             -280 -139 148 358 582    
Net Profit CZK mil             -357 -326 -70.0 111 354    
balance sheet                          
Interbank Loans CZK mil             1,818 3,071 7,055 8,986 11,707    
Customer Loans CZK mil             19,752 27,434 32,007 36,858 40,234    
Investments CZK mil             2,625 2,601 1,966 808 1,155    
Total Assets CZK mil             27,374 36,933 43,936 49,989 55,585    
                             
Shareholders' Equity CZK mil             2,333 3,885 3,294 3,501 4,849    
Interbank Borrowing CZK mil             404 255 284 242 91.0    
Customer Deposits CZK mil             24,427 33,502 39,835 44,836 48,760    
Issued Debt Securities CZK mil             0 0 241 1,175 1,679    
ratios                          
ROE % ...           -17.9 -10.5 -1.95 3.27 8.48    
ROA % ...           -1.57 -1.02 -0.173 0.236 0.671    
Costs (As % Of Assets) % ...           3.73 3.15 2.50 2.28 2.18    
Costs (As % Of Income) %             149 116 87.2 74.9 66.4    
Capital Adequacy Ratio %             14.6 14.9 12.8 13.8 16.5    
Net Interest Margin % ...           2.42 2.65 2.88 2.98 3.20    
Interest Income (As % Of Revenues) %             96.6 97.4 100 98.0 97.6    
Fee Income (As % Of Revenues) %             -3.15 -1.26 -1.55 -0.210 1.27    
Staff Cost (As % Of Total Cost) %             49.4 48.1 51.5 50.9 50.6    
Equity (As % Of Assets) %             8.52 10.5 7.50 7.00 8.72    
Loans (As % Of Deposits) %             80.9 81.9 80.3 82.2 82.5    
Loans (As % Assets) %             72.2 74.3 72.8 73.7 72.4    
NPLs (As % Of Loans) %             2.53 3.01 1.15 1.47 1.57    
Provisions (As % Of NPLs) %             41.9 32.4 106 70.2 90.5    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                          
Interest Income CZK mil             824 1,156 1,409 1,572 1,903    
Interest Cost CZK mil             274 304 245 173 213    
Net Interest Income CZK mil             550 852 1,164 1,399 1,690    
Net Fee Income CZK mil             -17.9 -11.0 -18.0 -3.00 22.0    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil             37.5 34.0 14.0 32.0 20.0    
Total Revenues CZK mil             570 875 1,160 1,428 1,732    
Staff Cost CZK mil             419 488 521 545 582    
Depreciation CZK mil             101 131 131 150 166    
Other Cost CZK mil             330 395 360 375 402    
Operating Cost CZK mil             850 1,014 1,012 1,070 1,150    
Operating Profit CZK mil             -280 -139 148 358 582    
Provisions CZK mil             158 190 187 178 249    
Extra and Other Cost CZK mil             0 -0.001 0 0 0    
Pre-Tax Profit CZK mil             -438 -329 -39.0 180 333    
Tax CZK mil             -81.3 52.7 29.0 70.0 -39.0    
Minorities CZK mil             0 -55.3 -40.0 -1.00 18.0    
Net Profit CZK mil             -357 -326 -70.0 111 354    
Net Profit Avail. to Common CZK mil             -357 -326 -70.0 111 354    
growth rates                          
Net Interest Income Growth % ...           117 54.9 36.6 20.2 20.8    
Net Fee Income Growth % ...           1.99 -38.6 63.6 -83.3 -833    
Total Revenue Growth % ...           103 53.6 32.5 23.1 21.3    
Operating Cost Growth % ...           24.8 19.4 -0.220 5.73 7.48    
Operating Profit Growth % ...           -29.9 -50.3 -206 142 62.6    
Pre-Tax Profit Growth % ...           -6.24 -24.9 -88.1 -562 85.0    
Net Profit Growth % ...           -9.30 -8.47 -78.6 -259 219    
market share                          
Market Share in Revenues %             0.339 0.503 0.644 0.797 0.910    
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... 0.147 0.435    
Market Share in Employees %             1.12 1.37 1.46 1.42 1.45    
Market Share in Branches % ... ... ... ...     1.81 2.68 2.83 2.98 2.97    
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                          
Cash & Cash Equivalents CZK mil             1,785 2,313 1,407 1,923 1,016    
Interbank Loans CZK mil             1,818 3,071 7,055 8,986 11,707    
Customer Loans CZK mil             19,752 27,434 32,007 36,858 40,234    
Retail Loans CZK mil             10,437 15,713 20,276 24,223 28,599    
Mortgage Loans CZK mil ... ...         7,255 9,989 13,835 15,993 17,740    
Consumer Loans CZK mil ... ...         3,182 5,723 6,441 8,230 10,859    
Corporate Loans CZK mil             8,142 10,444 11,641 12,485 12,215    
Investments CZK mil             2,625 2,601 1,966 808 1,155    
Property and Equipment CZK mil             743 811 848 864 158    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... 707    
Total Assets CZK mil             27,374 36,933 43,936 49,989 55,585    
                             
Shareholders' Equity CZK mil             2,333 3,885 3,294 3,501 4,849    
Of Which Minority Interest CZK mil             0 0 17.0 46.0 134    
Liabilities CZK mil             25,040 33,048 40,642 46,488 50,736    
Interbank Borrowing CZK mil             404 255 284 242 91.0    
Customer Deposits CZK mil             24,427 33,502 39,835 44,836 48,760    
Retail Deposits CZK mil             18,763 25,897 31,487 33,697 38,636    
Corporate Deposits CZK mil             3,261 5,186 5,829 7,892 7,001    
Issued Debt Securities CZK mil             0 0 241 1,175 1,679    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ...    
Other Liabilities CZK mil             209 -708 282 235 206    
asset quality                          
Non-Performing Loans CZK mil             506 833 374 547 641    
Gross Loans CZK mil             19,964 27,704 32,637 37,242 40,814    
Risk-Weighted Assets CZK mil ... ... ...       13,946 17,612 26,843 28,313 29,888    
Total Provisions CZK mil             212 270 397 384 580    
growth rates                          
Customer Loan Growth % ...           55.6 38.9 16.7 15.2 9.16    
Retail Loan Growth % ...           62.1 50.5 29.0 19.5 18.1    
Mortgage Loan Growth % ... ... ...       43.4 37.7 38.5 15.6 10.9    
Consumer Loan Growth % ... ... ...       130 79.9 12.5 27.8 31.9    
Corporate Loan Growth % ...           45.3 28.3 11.5 7.25 -2.16    
Total Asset Growth % ...           50.8 34.9 19.0 13.8 11.2    
Shareholders' Equity Growth % ...           41.7 66.5 -15.2 6.28 38.5    
Customer Deposit Growth % ...           51.6 37.1 18.9 12.6 8.75    
Retail Deposit Growth % ...           33.3 38.0 21.6 7.02 14.7    
Corporate Deposit Growth % ...           98.5 59.0 12.4 35.4 -11.3    
market share                          
Market Share in Customer Loans %             0.750 0.986 1.08 1.19 1.22    
Market Share in Corporate Loans %             0.931 1.13 1.19 1.22 1.13    
Market Share in Retail Loans % ... ...         0.963 1.63 1.76 2.16 2.71    
Market Share in Consumer Loans %             0.848 1.19 1.43 1.58 1.74    
Market Share in Mortgage Loans % ... ...         0.806 1.03 1.31 1.39 1.42    
Market Share in Total Assets %             0.508 0.665 0.730 0.708 0.758    
Market Share in Customer Deposits %             0.711 0.952 1.06 1.08 1.10    
Market Share in Retail Deposits %             0.976 1.27 1.43 1.42 1.51    
Market Share in Corporate Deposits %             0.389 0.563 0.636 0.792 0.672    
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                           
ROE % ...           -17.9 -10.5 -1.95 3.27 8.48    
ROTE % ... ... ... ... ... ... ... ... ... ... ...    
ROE (@ 15% of RWA) % ... ... ... ...     -19.7 -13.8 -2.10 2.68 8.11    
ROA % ...           -1.57 -1.02 -0.173 0.236 0.671    
Return on Loans % ...           -2.20 -1.38 -0.236 0.322 0.918    
Operating Profit (As % of RWA) % ... ... ... ...     -2.32 -0.881 0.666 1.30 2.00    
Costs (As % Of Assets) % ...           3.73 3.15 2.50 2.28 2.18    
Costs (As % Of Income) %             149 116 87.2 74.9 66.4    
Costs (As % Of Loans) % ...           5.24 4.30 3.41 3.11 2.98    
Costs (As % Of Loans & Deposits) % ...           2.33 1.93 1.52 1.39 1.35    
Capital Adequacy Ratio %             14.6 14.9 12.8 13.8 16.5    
Tier 1 Ratio % ... ... ... ... ... ... ... 14.9 11.7 11.6 14.8    
Net Interest Margin % ...           2.42 2.65 2.88 2.98 3.20    
Interest Spread % ...           2.30 2.55 2.82 2.95 3.17    
Asset Yield % ...           3.62 3.59 3.48 3.35 3.61    
Revenues (As % of RWA) % ... ... ... ...     4.72 5.55 5.22 5.18 5.95    
Cost Of Liabilities % ...           1.32 1.05 0.665 0.397 0.438    
Interest Income (As % Of Revenues) %             96.6 97.4 100 98.0 97.6    
Fee Income (As % Of Revenues) %             -3.15 -1.26 -1.55 -0.210 1.27    
Other Income (As % Of Revenues) %             6.59 3.88 1.21 2.24 1.15    
Staff Cost (As % Of Total Cost) %             49.4 48.1 51.5 50.9 50.6    
Equity (As % Of Assets) %             8.52 10.5 7.50 7.00 8.72    
Equity (As % Of Loans) %             11.8 14.2 10.3 9.50 12.1    
Loans (As % Of Deposits) %             80.9 81.9 80.3 82.2 82.5    
Loans (As % Assets) %             72.2 74.3 72.8 73.7 72.4    
NPLs (As % Of Loans) %             2.53 3.01 1.15 1.47 1.57    
Provisions (As % Of NPLs) %             41.9 32.4 106 70.2 90.5    
Provisions (As % Of Loans) %             1.07 0.986 1.24 1.04 1.44    
Cost of Provisions (As % Of Loans) % ...           0.974 0.805 0.629 0.517 0.646    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                           
Branches ... ... ... ...     40.0 58.0 58.0 58.0 58.0    
ATMs ... ... ... ... ... ... ... ... ... ... ...   ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ...   ...
Employees             453 565 600 594 608    
Employees Per Bank Branch ... ... ... ...     11.3 9.74 10.3 10.2 10.5    
Cost Per Employee USD per month             3,609 3,013 2,868 3,258 3,646    
Cost Per Employee (Local Currency) CZK per month             77,137 71,913 72,361 76,459 79,770    
customer breakdown Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                           
Customers mil ... ... ... ... ... ... ... 0.200 0.247 0.307 0.370    
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ... ... 4,376 4,696 4,651 4,681    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ... ... -1,632 -283 362 957    
Loan per Customer (Local Currency) CZK ... ... ... ... ... ... ... 137,168 129,583 120,059 108,741    
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ... ... 167,508 161,275 146,046 131,784    
Revenue per Customer USD ... ... ... ... ... ... ... 183 186 198 214    
Net Profit per Customer USD ... ... ... ... ... ... ... -68.4 -11.2 15.4 43.7    
Loan per Customer USD ... ... ... ... ... ... ... 5,526 5,054 5,639 4,840    
Deposit per Customer USD ... ... ... ... ... ... ... 6,748 6,290 6,860 5,866    

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Equa Bank's customer deposits rose 9.83% yoy to CZK 68,001 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's customer deposits reached CZK 68,001 mil in 2021-09-30, down 1.30% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,949 bil in 2021-09-30, up 1.60% when compared to the last year. Equa Bank accounted for ...

Equa Bank's customer loans rose 9.32% yoy to CZK 57,015 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's customer loans reached CZK 57,015 mil in 2021-09-30, down 2.46% compared to the previous year. Czech banking sector provided customer loans of CZK 3,777 bil in 2021-09-30, up 2.04% when compared to the last year. Equa Bank accounted for 1.51% ...

Equa Bank's retail loans rose 7.24% yoy to CZK 39,000 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's retail loans reached CZK 39,000 mil in the third quarter of 2021, up 2.63% compared to the previous year. Czech banking sector provided retail loans of CZK 1,991 bil in 3Q2021, up 2.84% when compared to the last year. Equa Bank accounted for 1...

Equa Bank's npls (as % of loans) fell 9.37% yoy to 1.40% in 2Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's non-performing loans reached 1.40% of total loans at the end of 2021-06-30, down from 1.55% compared to the previous year. Historically, the NPL ratio hit an all time high of 20.7% in 2012-03-31 and an all time low of 1.33% in 2020-09-30. Provis...

Equa Bank's net interest margin rose 11.8% yoy to 2.77% in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's net interest margin amounted to 2.77% in the third quarter of 2021, up from 2.55% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.21% in 2Q2019 and an all time low of 0.787% i...

Equa Bank's employees fell 2.16% yoy to 498 in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank employed 498 persons in 2021-09-30, down 3.30% when compared to the previous year. Historically, the bank's workforce hit an all time high of 520 persons in 2019-12-31 and an all time low of 294 in 2012-06-30. Average cost reached USD 3,347 per month pe...

Equa Bank's capital adequacy ratio rose 3.66% yoy to 17.5% in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's capital adequacy ratio reached 17.5% at the end of third quarter of 2021, up from 17.4% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 43.8% in 4Q2011 and an all time low of 12.6% in 1Q2016. T...

Equa Bank's net interest income rose 21.7% yoy to CZK 536 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank generated total banking revenues of CZK 537 mil in the third quarter of 2021, up 23.2% when compared to the same period of last year and 0.634% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee ...

Equa Bank's costs (as % of assets) fell 2.57% yoy to 1.44% in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's cost to income ratio reached 52.0% in the third quarter of 2021, down from 52.0% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 1,441% of income in 3Q2012 and an all time low of -16.4% in 4Q2014....

Equa Bank's customer loan growth fell 52.9% yoy to 9.32% in 3Q2021

By Helgi Analytics - March 20, 2022

Equa Bank's customer loan growth reached 9.32% in 2021-09-30, down from 19.8% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 171% in 2013-06-30 and an all time low of 6.45% in 2018-09-30. In the last decad...

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Equa bank is a small Czech Republic-based bank. The Bank offers simple retail and corporate banking services covering current and savings accounts with the option of free maintenance, multi-currency payment cards, mortgages, term deposits, consumer loans, insurance and business loans. In 2019, the Bank had over 400,000 clients and operates 59 branches in the whole of the Czech Republic. Equa bank entered the Czech market in July 2011 after Banco Popolare Česká republika had been taken over by Equa Group Limited. Equa Group Limited is owned by funds advised by the British company Anacap Financial Partners LLP.

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Finance

Equa Bank has been growing its revenues and asset by 44.4% and 32.3% a year on average in the last 10 years. Its loans and deposits have grown by 37.3% and 34.2% a year during that time and loans to deposits ratio reached 76.6% at the end of 2020. The company achieved an average return on equity of -9.68% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 64.7% in 2020, compared to 237% average in the last decade.

Equity represented 7.43% of total assets or 11.0% of loans at the end of 2020. Equa Bank's non-performing loans were 1.64% of total loans while provisions covered some 95.0% of NPLs at the end of 2020.