Erste Bank Hungary

Erste Hungary's npls (as % of loans) fell 42.6% to 5.48% in 2017

By Helgi Analytics - May 21, 2018

Erste Bank Hungary's non-performing loans reached 5.48% of total loans at the end of 2017, down from 9.55% compared to the previo...

Erste Hungary's retail deposits rose 28.7% to HUF 828,479 mil in 2017

By Helgi Analytics - May 22, 2018

Erste Bank Hungary's retail deposits reached HUF 828,479 mil in 2017, up 28.7% compared to the previous year. Hungarian banking...

Erste Hungary's net profit rose 26.3% to HUF 54,754 mil in 2017

By Helgi Analytics - May 21, 2018

Erste Bank Hungary made a net profit of HUF 54,754 mil in 2017, up 26.3% compared to the previous year. This implies a return on...

Profit Statement 2015 2016 2017
Net Interest Income HUF mil 62,003 56,796 65,472
Fee Income (As % Of Revenues) % 39.1 40.5 38.6
Other Income HUF mil 4,447 8,002 12,126
Total Revenues HUF mil 109,041 108,959 126,281
Staff Cost HUF mil 26,226 28,501 31,243
Operating Profit HUF mil 23,237 48,054 58,012
Provisions HUF mil 122,696 79,203 58,300
Net Profit HUF mil -22,010 43,343 54,754
Balance Sheet 2015 2016 2017
Interbank Loans HUF mil 278,436 145,499 68,672
Customer Loans HUF mil 998,292 1,021,230 1,123,700
Debt Securities HUF mil 372,924 574,417 788,665
Total Assets HUF mil 1,924,170 2,046,880 2,219,070
Shareholders' Equity HUF mil 160,268 281,015 339,278
Interbank Borrowing HUF mil 290,768 213,655 202,560
Customer Deposits HUF mil 1,221,560 1,419,100 1,540,900
Issued Debt Securities HUF mil 44,513 62,884 81,667
Ratios 2015 2016 2017
ROE % -13.0 19.6 17.7
ROA % -1.15 2.18 2.57
Costs (As % Of Assets) % 4.50 3.07 3.20
Costs (As % Of Income) % 78.7 55.9 54.1
Capital Adequacy Ratio % 21.6 21.6 19.6
Net Interest Margin % 3.25 2.86 3.07
Loans (As % Of Deposits) % 81.7 72.0 72.9
NPLs (As % Of Loans) % 18.5 9.55 5.48
Provisions (As % Of NPLs) % 59.2 75.4 90.0
Growth Rates 2015 2016 2017
Total Revenue Growth % -22.4 -0.075 15.9
Operating Cost Growth % -54.6 -29.0 12.1
Operating Profit Growth % -148 107 20.7
Net Profit Growth % -78.3 -297 26.3
Customer Loan Growth % -16.3 2.30 10.0
Total Asset Growth % 1.96 6.38 8.41
Customer Deposit Growth % -0.476 16.2 8.58
Shareholders' Equity Growth % -9.52 75.3 20.7
Employees 2,901 2,873 3,047

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Net Interest Income HUF mil                       116,100 103,780 91,829 82,565 62,003    
Total Revenues HUF mil                       157,046 134,231 132,166 140,437 109,041    
Operating Profit HUF mil ... ...                   97,411 52,453 45,487 -48,468 23,237    
Net Profit HUF mil                       -149,403 -6,113 -24,939 -101,383 -22,010    
balance sheet                                    
Interbank Loans HUF mil                       226,109 127,822 132,183 341,112 278,436    
Customer Loans HUF mil                       2,309,750 1,583,540 1,360,770 1,192,570 998,292    
Debt Securities HUF mil                       305,488 551,878 388,155 229,532 372,924    
Total Assets HUF mil                       3,247,940 2,788,200 2,266,720 1,887,160 1,924,170    
Shareholders' Equity HUF mil ... ...                   177,791 210,585 183,793 177,122 160,268    
Interbank Borrowing HUF mil                       1,684,380 1,159,350 817,278 237,912 290,768    
Customer Deposits HUF mil                       1,201,880 1,360,290 1,215,810 1,227,410 1,221,560    
Issued Debt Securities HUF mil                       88,668 57,976 49,837 48,291 44,513    
ratios                                    
ROE % ... ...                   -91.9 -3.15 -12.6 -56.2 -13.0    
ROA %                       -4.82 -0.203 -0.987 -4.88 -1.15    
Costs (As % Of Assets) % ... ...                   1.92 2.71 3.43 9.10 4.50    
Costs (As % Of Income) % ... ...                   38.0 60.9 65.6 135 78.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ...   17.2 17.9 17.6 21.3 21.6    
Net Interest Margin %                       3.74 3.44 3.63 3.98 3.25    
Interest Income (As % Of Revenues) %                       73.9 77.3 69.5 58.8 56.9    
Fee Income (As % Of Revenues) %                       18.5 20.8 29.6 30.6 39.1    
Staff Cost (As % Of Total Cost) % ... ...                   44.5 29.8 30.3 13.2 30.6    
Equity (As % Of Assets) % ... ...                   5.47 7.55 8.11 9.39 8.33    
Loans (As % Of Deposits) %                       192 116 112 97.2 81.7    
Loans (As % Assets) %                       71.1 56.8 60.0 63.2 51.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...   18.0 21.3 26.1 26.3 18.5    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...   70.1 64.0 62.1 62.3 59.2    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Interest Income HUF mil                       208,726 209,496 162,545 119,962 91,158    
Interest Cost HUF mil                       92,626 105,716 70,716 37,397 29,155    
Net Interest Income HUF mil                       116,100 103,780 91,829 82,565 62,003    
Net Fee Income HUF mil                       29,055 27,922 39,110 43,009 42,591    
Other Income HUF mil                       11,891 2,529 1,227 14,863 4,447    
Total Revenues HUF mil                       157,046 134,231 132,166 140,437 109,041    
Staff Cost HUF mil ... ...                   26,532 24,389 26,299 24,941 26,226    
Depreciation HUF mil                       5,163 5,186 5,660 6,114 6,401    
Other Cost HUF mil                       27,940 52,203 54,720 157,850 53,177    
Operating Cost HUF mil ... ...                   59,635 81,778 86,679 188,905 85,804    
Operating Profit HUF mil ... ...                   97,411 52,453 45,487 -48,468 23,237    
Provisions HUF mil ... ...                   334,158 295,953 262,689 233,535 122,696    
Extra and Other Cost HUF mil ... ...                   15,514 -8,484 5,759 915 1.00    
Pre-Tax Profit HUF mil                       -143,911 -394 -21,742 -97,487 -18,571    
Tax HUF mil                       5,492 5,719 3,197 3,897 3,440    
Minorities HUF mil                       0 0 0 0 0    
Net Profit HUF mil                       -149,403 -6,113 -24,939 -101,383 -22,010    
growth rates                                    
Net Interest Income Growth % ...                     2.74 -10.6 -11.5 -10.1 -24.9    
Net Fee Income Growth % ...                     2.23 -3.90 40.1 9.97 -0.972    
Total Revenue Growth % ...                     0.166 -14.5 -1.54 6.26 -22.4    
Operating Cost Growth % ... ... ...                 -25.1 37.1 5.99 118 -54.6    
Operating Profit Growth % ... ... ...                 26.2 -46.2 -13.3 -207 -148    
Pre-Tax Profit Growth % ...                     -3,594 -99.7 5,418 348 -81.0    
Net Profit Growth % ...                     7,645 -95.9 308 307 -78.3    
market share                                    
Market Share in Revenues %                       11.8 14.9 13.2 13.3 12.8    
Market Share in Net Profit % ...                   ... ... ... ... ... ...    
Market Share in Employees % ... ... ... ...               7.02 6.40 6.82 7.06 7.59    
Market Share in Branches % ... ... ... ...               4.15 4.23 4.16 4.15 4.59    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                    
Cash HUF mil                       328,162 148,744 54,597 70,596 111,869    
Interbank Loans HUF mil                       226,109 127,822 132,183 341,112 278,436    
Customer Loans HUF mil                       2,309,750 1,583,540 1,360,770 1,192,570 998,292    
Retail Loans HUF mil ... ... ... ... ... ... ... ... ... ...   1,426,890 1,188,000 1,075,510 933,044 743,905    
Mortgage Loans HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 493,151    
Consumer Loans HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 250,754    
Corporate Loans HUF mil ... ... ... ... ... ... ... ... ... ...   710,596 544,493 435,377 375,545 330,384    
Debt Securities HUF mil                       305,488 551,878 388,155 229,532 372,924    
Fixed Assets HUF mil                       23,754 25,002 24,731 22,209 21,631    
Total Assets HUF mil                       3,247,940 2,788,200 2,266,720 1,887,160 1,924,170    
Shareholders' Equity HUF mil ... ...                   177,791 210,585 183,793 177,122 160,268    
Of Which Minority Interest HUF mil ... ...                   0 0 0 0 0    
Liabilities HUF mil ... ...                   3,070,140 2,577,620 2,082,930 1,710,040 1,763,900    
Interbank Borrowing HUF mil                       1,684,380 1,159,350 817,278 237,912 290,768    
Customer Deposits HUF mil                       1,201,880 1,360,290 1,215,810 1,227,410 1,221,560    
Retail Deposits HUF mil ... ... ... ... ... ... ... ... ... ...   656,385 679,958 511,380 540,683 588,258    
Corporate Deposits HUF mil ... ... ... ... ... ... ... ... ... ...   306,738 429,469 338,386 270,023 322,843    
Issued Debt Securities HUF mil                       88,668 57,976 49,837 48,291 44,513    
Other Liabilities HUF mil ... ...                   95,214 0 0 196,425 207,057    
asset quality                                    
Non-Performing Loans HUF mil ... ... ... ... ... ... ... ... ... ...   476,427 462,361 423,240 375,068 207,098    
Gross Loans HUF mil ... ... ... ... ... ... ... ... ... ...   2,643,910 2,175,450 1,623,460 1,426,100 1,120,990    
Provisions HUF mil ... ...                   334,158 295,953 262,689 233,535 122,696    
growth rates                                    
Customer Loan Growth % ...                     2.28 -31.4 -14.1 -12.4 -16.3    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... 1.37 -16.7 -9.47 -13.2 -20.3    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... 0.177 -23.4 -20.0 -13.7 -12.0    
Total Asset Growth % ...                     9.97 -14.2 -18.7 -16.7 1.96    
Shareholders' Equity Growth % ... ... ...                 20.8 18.4 -12.7 -3.63 -9.52    
Customer Deposit Growth % ...                     9.99 13.2 -10.6 0.954 -0.476    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... 12.4 3.59 -24.8 5.73 8.80    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... 7.99 40.0 -21.2 -20.2 19.6    
market share                                    
Market Share in Customer Loans %                       12.5 9.88 8.87 7.95 7.49    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ...   10.4 9.16 7.62 6.39 6.23    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 12.2    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ...   18.6 18.3 17.9 16.0 14.7    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 16.4    
Market Share in Total Assets %                       8.57 8.09 6.41 5.16 5.34    
Market Share in Customer Deposits %                       8.22 9.28 8.17 7.66 6.83    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ...   8.43 8.84 7.38 7.86 8.37    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ...   6.96 9.80 6.74 5.17 5.41    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                    
ROE % ... ...                   -91.9 -3.15 -12.6 -56.2 -13.0    
ROA %                       -4.82 -0.203 -0.987 -4.88 -1.15    
Costs (As % Of Assets) % ... ...                   1.92 2.71 3.43 9.10 4.50    
Costs (As % Of Income) % ... ...                   38.0 60.9 65.6 135 78.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ...   17.2 17.9 17.6 21.3 21.6    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ...   13.6 13.0 12.5 11.8 11.1    
Net Interest Margin %                       3.74 3.44 3.63 3.98 3.25    
Interest Spread % ... ... ...                 3.58 3.20 3.40 3.80 3.11    
Asset Yield %                       6.73 6.94 6.43 5.78 4.78    
Cost Of Liabilities % ... ... ...                 3.15 3.74 3.03 1.97 1.68    
Interest Income (As % Of Revenues) %                       73.9 77.3 69.5 58.8 56.9    
Fee Income (As % Of Revenues) %                       18.5 20.8 29.6 30.6 39.1    
Other Income (As % Of Revenues) %                       7.57 1.88 0.928 10.6 4.08    
Cost Per Employee USD per month ... ... ... ...               3,791 3,431 3,537 3,129 2,750    
Cost Per Employee (Local Currency) HUF per month ... ... ... ...               762,388 772,107 791,043 746,156 753,491    
Staff Cost (As % Of Total Cost) % ... ...                   44.5 29.8 30.3 13.2 30.6    
Equity (As % Of Assets) % ... ...                   5.47 7.55 8.11 9.39 8.33    
Loans (As % Of Deposits) %                       192 116 112 97.2 81.7    
Loans (As % Assets) %                       71.1 56.8 60.0 63.2 51.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...   18.0 21.3 26.1 26.3 18.5    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...   70.1 64.0 62.1 62.3 59.2    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...   14.5 18.7 19.3 19.6 12.3    
Cost of Provisions (As % Of Loans) % ... ...                   9.89 3.15 4.18 3.77 3.82    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
Branches ... ... ... ...               143 141 135 129 129    
Employees ... ... ... ...               2,900 2,632 2,771 2,786 2,901    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... 421 420 ... ... ...
Clients mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  

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Erste Hungary's customer deposits rose 8.58% to HUF 1,540,900 mil in 2017

By Helgi Analytics - May 22, 2018

Erste Bank Hungary's customer deposits reached HUF 1,540,900 mil in 2017, up 8.58% compared to the previous year. Hungarian banking sector accepted customer deposits of HUF 20,469 bil in 2017, up 7.74% when compared to the last year. Erste Bank Hungary ac...

Erste Hungary's corporate deposits rose 4.13% to HUF 452,862 mil in 2017

By Helgi Analytics - May 22, 2018

Erste Bank Hungary's corporate deposits reached HUF 452,862 mil in 2017, up 4.13% compared to the previous year. Hungarian banking sector accepted corporate deposits of HUF 7,527 bil in 2017, up 14.7% when compared to the last year. Erste Bank Hungary acc...

Erste Hungary's total revenues rose 15.9% to HUF 126,281 mil in 2017

By Helgi Analytics - May 22, 2018

Erste Bank Hungary generated total banking revenues of HUF 126,281 mil in 2017, up 15.9% compared to the previous year. Hungarian banking sector banking sector generated total revenues of HUF 1,358,153 mil in 2017, up 20.3% when compared to the last y...

Erste Hungary's customer loans rose 10.0% to HUF 1,123,700 mil in 2017

By Helgi Analytics - May 22, 2018

Erste Bank Hungary's customer loans reached HUF 1,123,700 mil in 2017, up 10.0% compared to the previous year. Hungarian banking sector provided customer loans of HUF 13,845 bil in 2017, up 5.17% when compared to the last year. Erste Bank Hungary accounte...

Erste Hungary's net interest margin rose 7.31% to 3.07% in 2017

By Helgi Analytics - May 21, 2018

Erste Bank Hungary's net interest margin amounted to 3.07% in 2017, up from 2.86% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.73% in 2004 and an all time low of 2.63% in 2009. The average mar...

Erste Hungary's employees rose 6.06% to 3,047 in 2017

By Helgi Analytics - May 21, 2018

Erste Bank Hungary employed 3,047 persons in 2017, up 6.06% when compared to the previous year. Historically, the bank's workforce hit an all time high of 3,230 persons in 2008 and an all time low of 2,505 in 2005. Average cost reached USD 3,093 per month per emp...

Erste Hungary's capital adequacy ratio fell 9.16% to 19.6% in 2017

By Helgi Analytics - September 23, 2018

Erste Bank Hungary's capital adequacy ratio reached 19.6% at the end of 2017, down from 21.6% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 21.6% in 2016 and an all time low of 12.2% in 2010. The Tier 1 ratio am...

Erste Hungary's corporate loans rose 21.2% to HUF 466,952 mil in 2017

By Helgi Analytics - December 12, 2019

Erste Bank Hungary's corporate loans reached HUF 466,952 mil in 2017, up 21.2% compared to the previous year. Hungarian banking sector provided corporate loans of HUF 5,773 bil in 2017, up 10.6% when compared to the last year. Erste Bank Hungary accounted...

Erste Hungary's costs (as % of assets) rose 4.34% to 3.20% in 2017

By Helgi Analytics - May 21, 2018

Erste Bank Hungary's cost to income ratio reached 54.1% in 2017, down from 55.9% compared to the previous year. Historically, the bank’s costs reached an all time high of 135% of income in 2014 and an all time low of 38.0% in 2011. When compared to total a...

Erste Hungary's net interest income rose 15.3% to HUF 65,472 mil in 2017

By Helgi Analytics - May 21, 2018

Erste Bank Hungary generated total banking revenues of HUF 126,281 mil in 2017, up 15.9% 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 HUF 191,704 mil in 20...

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Erste Bank Hungary is a Hungary-based subsidiary of Austria's Erste Bank. Erste Group entered the Hungarian market by purchasing the state-owned Mezőbank in 1997. In 2003, acquistion of Postabank cemented Erste Bank's position among the top five banks on the market. Now, Erste Bank serves some 900,000 clients through 201 branches in Hungary. Erste Bank is the second largest commercial bank in Austria. In 1997, Erste Group went public with a strategy to expand its retail business into Central and Eastern Europe (CEE). Since then Erste Group's customer base has grown through numerous acquisitions and organic growth from 600,000 to around 16.4 million. With 2,900 branches and 46,000 employees, Erste Group is today one of the largest financial services providers in the Eastern part of EU in terms of clients and total assets.

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Finance

Erste Bank Hungary has been growing its revenues and asset by -1.21% and -4.46% a year on average in the last 5 years. Its loans and deposits have grown by -6.63% and 2.52% a year during that time and loans to deposits ratio reached 72.9% at the end of 2017. The company achieved an average return on equity of -8.92% in the last five years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 54.1% in 2017, compared to 77.7% average in the last five years.

Equity represented 15.3% of total assets or 30.2% of loans at the end of 2017. Erste Bank Hungary's non-performing loans were 5.48% of total loans while provisions covered some 90.0% of NPLs at the end of 2017.