Erste Group Bank

Erste Group's npls (as % of loans) fell 6.54% to 2.82% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's non-performing loans reached 2.82% of total loans at the end of 2019-06-30, down from 3.58% compared to the pr...

Erste Group's net interest margin fell 1.67% to 1.90% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's net interest margin amounted to 1.90% in the second quarter of 2019, down from 1.93% when compared to the pre...

Erste Group's net interest margin fell 1.67% to 1.90% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's net interest margin amounted to 1.90% in the second quarter of 2019, down from 1.93% when compared to the pre...

Profit Statement 2016 2017 2018
Net Interest Income EUR mil 4,391 4,353 4,582
Fee Income (As % Of Revenues) % 26.6 27.8 27.6
Other Income EUR mil 534 464 425
Total Revenues EUR mil 6,708 6,669 6,916
Staff Cost EUR mil 2,339 2,389 2,474
Operating Profit EUR mil 2,680 2,511 2,735
Provisions EUR mil 196 132 -59.3
Net Profit EUR mil 1,265 1,316 1,793
Balance Sheet 2016 2017 2018
Interbank Loans EUR mil 3,469 9,126 19,103
Customer Loans EUR mil 130,654 139,532 143,953
Debt Securities EUR mil 47,586 42,752 44,217
Total Assets EUR mil 208,227 220,659 236,792
Shareholders' Equity EUR mil 16,602 18,288 18,869
Interbank Borrowing EUR mil 14,631 16,349 17,658
Customer Deposits EUR mil 137,939 150,921 162,426
Issued Debt Securities EUR mil 25,503 23,342 16,293
Ratios 2016 2017 2018
ROE % 8.05 7.54 9.65
ROA % 0.620 0.614 0.784
Costs (As % Of Assets) % 1.97 1.94 1.83
Costs (As % Of Income) % 60.1 62.4 60.5
Capital Adequacy Ratio % 18.5 18.5 18.2
Net Interest Margin % 2.15 2.03 2.00
Loans (As % Of Deposits) % 94.7 92.5 88.6
NPLs (As % Of Loans) % 4.94 4.02 3.19
Provisions (As % Of NPLs) % 69.1 68.8 73.0
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 12,539 18,532 15,876
Share Price (End Of Period) EUR 27.8 36.2 31.1
Price/Earnings (P/E) 9.39 11.7 7.39
Price/Book Value (P/BV) 0.715 0.845 0.702
Dividend Yield % 3.59 3.31 4.51
Earnings Per Share (EPS) EUR 2.96 3.08 4.20
Book Value Per Share EUR 38.9 42.9 44.2
Dividend Per Share EUR 1.00 1.20 1.40

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                        
Net Interest Income EUR mil                           5,235 4,685 4,495 4,445 4,391    
Total Revenues EUR mil                           7,229 6,995 6,896 6,873 6,708    
Operating Profit EUR mil                           2,781 2,153 1,356 2,368 2,680    
Net Profit EUR mil                           484 60.3 -1,383 968 1,265    
balance sheet                                        
Interbank Loans EUR mil                           9,074 8,377 7,442 4,805 3,469    
Customer Loans EUR mil                           124,284 119,869 120,834 125,897 130,654    
Debt Securities EUR mil                           60,576 53,212 53,003 47,542 47,586    
Total Assets EUR mil                           213,824 200,118 196,287 199,743 208,227    
Shareholders' Equity EUR mil                           16,339 14,722 13,444 14,807 16,602    
Interbank Borrowing EUR mil                           21,822 17,300 14,803 14,212 14,631    
Customer Deposits EUR mil                           123,053 122,415 122,263 127,946 137,939    
Issued Debt Securities EUR mil                           42,007 31,245 29,387 35,522 25,503    
ratios                                        
ROE %                           3.07 0.388 -9.82 6.85 8.05    
ROA %                           0.228 0.029 -0.698 0.489 0.620    
Costs (As % Of Assets) %                           2.10 2.34 2.80 2.27 1.97    
Costs (As % Of Income) %                           61.5 69.2 80.3 65.5 60.1    
Capital Adequacy Ratio %                           15.5 16.3 15.6 17.9 18.5    
Net Interest Margin %                           2.47 2.26 2.27 2.24 2.15    
Interest Income (As % Of Revenues) %                           72.4 67.0 65.2 64.7 65.5    
Fee Income (As % Of Revenues) %                           23.8 25.8 27.1 27.1 26.6    
Staff Cost (As % Of Total Cost) %                           51.4 46.1 39.4 49.8 58.1    
Equity (As % Of Assets) %                           7.64 7.36 6.85 7.41 7.97    
Loans (As % Of Deposits) %                           101 97.9 98.8 98.4 94.7    
Loans (As % Assets) %                           58.1 59.9 61.6 63.0 62.7    
NPLs (As % Of Loans) % ...                         8.45 9.63 8.48 7.06 4.94    
Provisions (As % Of NPLs) % ...                         61.0 63.1 68.9 64.5 69.1    
valuation                                        
Market Capitalisation (End Of Period) USD mil                           12,483 14,371 9,954 13,431 12,539    
Number Of Shares (Average) mil                           394 412 428 427 427    
Share Price (End Of Period) EUR                           24.0 25.3 19.2 28.9 27.8    
Earnings Per Share (EPS) EUR                           1.23 0.146 -3.23 2.27 2.96    
Book Value Per Share EUR                           43.5 35.8 31.4 34.7 38.9    
Dividend Per Share EUR                           0.401 0.209 0.400 0.500 1.00    
Price/Earnings (P/E)                         ... 19.6 173 ... 12.7 9.39    
Price/Book Value (P/BV)                           0.552 0.708 0.612 0.833 0.715    
Dividend Yield %                           1.67 0.825 2.08 1.73 3.59    
Earnings Per Share Growth % ...                         -164 -88.1 -2,308 -170 30.6    
Book Value Per Share Growth % ...                         6.41 -17.7 -12.1 10.4 12.1    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                        
Interest Income EUR mil                           8,795 6,984 6,301 6,435 5,885    
Interest Cost EUR mil                           3,576 2,299 1,806 1,990 1,494    
Net Interest Income EUR mil                           5,235 4,685 4,495 4,445 4,391    
Net Fee Income EUR mil                           1,721 1,806 1,870 1,862 1,783    
Other Income EUR mil                           273 504 531 566 534    
Total Revenues EUR mil                           7,229 6,995 6,896 6,873 6,708    
Staff Cost EUR mil                           2,284 2,232 2,184 2,245 2,339    
Depreciation EUR mil                           367 518 466 445 453    
Other Cost EUR mil                           1,105 1,146 2,890 1,815 1,236    
Operating Cost EUR mil                           4,448 4,842 5,540 4,505 4,028    
Operating Profit EUR mil                           2,781 2,153 1,356 2,368 2,680    
Provisions EUR mil                           1,980 1,774 2,084 729 196    
Extra and Other Cost EUR mil                           0 < 0.001 -0.002 -0.001 534    
Pre-Tax Profit EUR mil                           801 378 -728 1,639 1,950    
Tax EUR mil                           170 179 521 364 414    
Minorities EUR mil                           148 140 133 307 272    
Net Profit EUR mil                           484 60.3 -1,383 968 1,265    
Dividends EUR mil                           158 86.0 171 213 427    
growth rates                                        
Net Interest Income Growth % ...                         -6.00 -10.5 -4.05 -1.12 -1.20    
Net Fee Income Growth % ...                         -3.72 4.98 3.51 -0.432 -4.23    
Total Revenue Growth % ...                         -3.34 -3.23 -1.41 -0.340 -2.40    
Operating Cost Growth % ...                         -19.6 8.88 14.4 -18.7 -10.6    
Operating Profit Growth % ...                         43.0 -22.6 -37.0 74.6 13.2    
Pre-Tax Profit Growth % ...                         -349 -52.8 -292 -325 19.0    
Net Profit Growth % ...                         -167 -87.5 -2,394 -170 30.6    
market share                                        
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ...     12.1 15.6 15.1 15.1 16.8   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ...     6.66 -6.61 -3.02 11.9 11.5   ...
Market Share in Employees % ... ... ... ... ... ... ... ... ...         20.7 20.6 21.0 21.4 22.0   ...
Market Share in Branches % ... ... ... ... ... ... ... ... ...         22.6 ... ... ... ... ... ...
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                        
Cash EUR mil                           9,740 9,301 7,835 12,350 18,353    
Interbank Loans EUR mil                           9,074 8,377 7,442 4,805 3,469    
Customer Loans EUR mil                           124,284 119,869 120,834 125,897 130,654    
Retail Loans EUR mil                           54,223 56,793 60,786 63,148 65,909    
Corporate Loans EUR mil                           69,855 59,571 54,320 56,112 58,273    
Debt Securities EUR mil                           60,576 53,212 53,003 47,542 47,586    
Fixed Assets EUR mil                           5,122 4,760 3,705 3,866 3,867    
Total Assets EUR mil                           213,824 200,118 196,287 199,743 208,227    
Shareholders' Equity EUR mil                           16,339 14,722 13,444 14,807 16,602    
Of Which Minority Interest EUR mil                           3,483 3,462 3,605 3,802 4,142    
Liabilities EUR mil                           197,485 185,333 182,844 184,936 191,625    
Interbank Borrowing EUR mil                           21,822 17,300 14,803 14,212 14,631    
Customer Deposits EUR mil                           123,053 122,415 122,263 127,946 137,939    
Retail Deposits EUR mil ... ...         ... ... ... ... ... ... ... ... 87,803 87,933 91,955 97,829    
Corporate Deposits EUR mil ... ...         ... ... ... ... ... ... ... ... 23,501 21,476 22,490 25,353    
Sight Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 65,090 65,104 73,716 85,707    
Term Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 55,990 56,609 53,671 52,076    
Issued Debt Securities EUR mil                           42,007 31,245 29,387 35,522 25,503    
Other Liabilities EUR mil                           10,604 14,374 16,392 7,257 13,552    
asset quality                                        
Non-Performing Loans EUR mil ...                         11,388 12,296 10,878 9,314 6,678    
Gross Loans EUR mil ...                         134,750 127,698 128,325 131,906 135,267    
Total Provisions EUR mil ...                         6,942 7,753 7,491 6,009 4,613    
growth rates                                        
Customer Loan Growth % ...                         -2.69 -3.55 0.805 4.19 3.78    
Retail Loan Growth % ...                         -1.19 4.74 7.03 3.89 4.37    
Corporate Loan Growth % ...                         -2.78 -14.7 -8.82 3.30 3.85    
Total Asset Growth % ...                         1.82 -6.41 -1.91 1.76 4.25    
Shareholders' Equity Growth % ...                         7.63 -9.90 -8.68 10.1 12.1    
Customer Deposit Growth % ...                         3.51 -0.518 -0.125 4.65 7.81    
Retail Deposit Growth % ... ... ...       ... ... ... ... ... ... ... ... ... 0.148 4.57 6.39    
Corporate Deposit Growth % ... ... ...       ... ... ... ... ... ... ... ... ... -8.62 4.72 12.7    
market share                                        
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ...     14.9 14.9 15.6 16.0 16.4   ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 14.4 14.7 15.4 16.5   ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ...     18.1 19.2 18.7 18.7 19.2   ...
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                        
ROE %                           3.07 0.388 -9.82 6.85 8.05    
ROA %                           0.228 0.029 -0.698 0.489 0.620    
Costs (As % Of Assets) %                           2.10 2.34 2.80 2.27 1.97    
Costs (As % Of Income) %                           61.5 69.2 80.3 65.5 60.1    
Capital Adequacy Ratio %                           15.5 16.3 15.6 17.9 18.5    
Tier 1 Ratio %                           13.5 11.4 10.6 12.3 13.4    
Net Interest Margin %                           2.47 2.26 2.27 2.24 2.15    
Interest Spread % ...                         2.33 2.17 2.20 2.17 2.09    
Asset Yield %                           4.15 3.37 3.18 3.25 2.89    
Cost Of Liabilities % ...                         1.82 1.20 0.981 1.08 0.793    
Payout Ratio %                           32.7 143 -12.4 22.0 33.7    
Interest Income (As % Of Revenues) %                           72.4 67.0 65.2 64.7 65.5    
Fee Income (As % Of Revenues) %                           23.8 25.8 27.1 27.1 26.6    
Other Income (As % Of Revenues) %                           3.78 7.20 7.70 8.24 7.96    
Cost Per Employee USD per month                           4,949 5,407 5,093 4,614 4,444    
Cost Per Employee (Local Currency) EUR per month                           3,855 4,073 3,951 4,025 4,145    
Staff Cost (As % Of Total Cost) %                           51.4 46.1 39.4 49.8 58.1    
Equity (As % Of Assets) %                           7.64 7.36 6.85 7.41 7.97    
Loans (As % Of Deposits) %                           101 97.9 98.8 98.4 94.7    
Loans (As % Assets) %                           58.1 59.9 61.6 63.0 62.7    
NPLs (As % Of Loans) % ...                         8.45 9.63 8.48 7.06 4.94    
Provisions (As % Of NPLs) % ...                         61.0 63.1 68.9 64.5 69.1    
Provisions (As % Of Loans) % ...                         5.59 6.47 6.20 4.77 3.53    
Cost of Provisions (As % Of Loans) %                           1.57 1.45 1.73 0.591 0.153    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                        
Branches                           3,063 2,833 2,792 2,735 2,648   ...
Employees                           49,381 45,670 46,067 46,467 47,034    
Clients mil ...                         16.8 16.5 16.2 15.8 15.9   ...
Revenues From Abroad EUR mil ... ... ...                     3,697 3,825 3,667 3,621 3,405    
Profit From Abroad EUR mil ... ... ...                     390 861 -41.8 951 1,511    
Revenues From Abroad (As % Of Total) % ... ... ...                     51.1 54.7 53.2 52.7 50.8    
Profit From Abroad (As % Of Total) % ... ... ...                     48.7 228 5.75 58.1 77.4    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 53.2 53.2 57.6 62.1    
Risk-Weighted Assets EUR mil                           105,323 97,901 101,870 100,281 83,056    
Loans from Agriculture and Forestry EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,218 2,121 2,384 2,367    
Loans from Manufacturing EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9,316 9,322 9,607 10,089    
Loans from Energy & Water Supply EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,797 3,148 3,339 3,034    
Loans from Construction EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6,743 6,208 6,330 6,236    
Loans from Development EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,228 3,305 3,557 3,567    
Loans from Trade EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 8,376 7,903 7,860 7,912    
Loans from Transport & Communication EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,516 3,539 3,621 3,622    
Loans from Hotels & Restaurants EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,822 3,642 3,678 3,699    
Loans from Financial & Insurance EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5,576 5,888 5,165 3,829    
Loans from Real estate EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 19,975 20,558 21,082 21,844    
Loans from Services EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4,743 4,895 5,728 7,033    
Loans from Public Administration EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6,062 6,127 6,765 6,004    
Loans from Households EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 51,266 51,807 53,250 56,415    
Loans from Other EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 58.4 -139 -459 -383    
Revenues from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     2,311 2,963 3,021 3,143 3,185    
Revenues from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     953 1,658 1,642 1,707 1,739    
Revenues from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     1,358 1,305 1,379 1,435 1,446    
Revenues from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     3,675 3,825 3,667 3,508 3,405    
Revenues from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     1,581 1,548 1,449 1,432 1,385    
Revenues from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     763 887 732 680 616    
Revenues from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     538 572 594 600 595    
Revenues from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     411 435 442 337 340    
Revenues from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     329 334 399 402 407    
Revenues from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     52.8 48.5 50.5 58.4 61.7    
Revenues from Others EUR mil ... ... ... ... ... ... ... ... ... ... ...     0 207 190 121 101    
Costs from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     1,531 1,899 1,886 1,951 2,044    
Costs from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     601 972 954 985 1,022    
Costs from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     930 926 932 966 1,022    
Costs from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     1,877 1,700 1,658 1,694 1,726    
Costs from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     785 722 662 681 671    
Costs from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     405 369 332 341 350    
Costs from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     274 249 266 266 275    
Costs from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     242 180 176 180 196    
Costs from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     136 144 183 187 194    
Costs from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     35.3 36.5 38.6 39.0 40.2    
Costs from Others EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 297 243 224 258    
Operating Profit from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     780 1,064 1,135 1,192 1,141    
Operating Profit from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     351 686 688 723 717    
Operating Profit from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     428 378 447 469 424    
Operating Profit from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     1,798 2,125 2,009 1,815 1,679    
Operating Profit from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     796 826 787 751 713    
Operating Profit from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     359 518 400 340 266    
Operating Profit from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     264 323 327 334 320    
Operating Profit from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     169 255 267 157 145    
Operating Profit from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     193 191 216 215 213    
Operating Profit from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     17.5 12.0 11.9 19.3 21.5    
Operating Profit from Others EUR mil ... ... ... ... ... ... ... ... ... ... ...     0 -90.0 -53.0 -104 -157    
Loan Provisions from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     322 747 573 221 107    
Loan Provisions from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     96.2 518 374 138 52.8    
Loan Provisions from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     226 229 199 83.6 54.2    
Loan Provisions from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     1,292 1,012 1,509 423 17.2    
Loan Provisions from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     140 140 135 97.1 70.5    
Loan Provisions from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     737 454 999 -16.4 -62.4    
Loan Provisions from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     53.4 47.2 51.4 58.0 48.2    
Loan Provisions from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     215 201 152 106 -91.7    
Loan Provisions from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     137 159 155 167 48.4    
Loan Provisions from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     9.00 9.64 15.7 10.8 4.15    
Loan Provisions from Others EUR mil ... ... ... ... ... ... ... ... ... ... ...     0 15.8 77.1 85.1 71.5    
Net Profit from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     214 61.8 202 443 510    
Net Profit from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     192 -29.3 24.6 402 476    
Net Profit from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     21.5 91.1 177 41.6 34.1    
Net Profit from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     369 770 -233 759 1,185    
Net Profit from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     518 552 506 498 542    
Net Profit from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     -294 115 -614 185 199    
Net Profit from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     169 181 179 185 213    
Net Profit from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     -55.1 -89.5 -331 -71.3 134    
Net Profit from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     23.7 10.1 32.6 -43.7 83.7    
Net Profit from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     7.80 1.41 -5.42 6.27 12.8    
Net Profit from Others EUR mil ... ... ... ... ... ... ... ... ... ... ...     0 -771 -1,411 -234 -431    
RWA from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     35,854 48,717 51,294 50,063 46,970    
RWA from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     12,820 26,253 28,783 28,107 26,041    
RWA from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     23,034 22,464 22,511 21,955 20,930    
RWA from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     32,933 32,653 32,565 33,301 34,061    
RWA from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     12,511 13,934 13,745 14,406 15,285    
RWA from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     7,778 6,850 5,676 5,489 5,369    
RWA from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     4,072 3,878 4,416 4,905 4,737    
RWA from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     4,163 3,926 3,409 3,328 3,471    
RWA from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     3,893 3,505 4,664 4,369 4,256    
RWA from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     515 560 655 803 943    
RWA from Others EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,489 3,245 1,334 2,025    
Assets from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 133,170 131,916 132,396 138,778    
Assets from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 76,965 75,212 74,443 80,421    
Assets from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 56,205 56,704 57,953 58,357    
Assets from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 79,324 75,181 79,266 85,624    
Assets from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 35,323 32,546 35,512 39,470    
Assets from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 14,924 13,747 13,784 14,875    
Assets from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 11,696 12,965 13,978 14,819    
Assets from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7,632 5,981 6,090 6,606    
Assets from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 8,901 9,114 8,902 8,654    
Assets from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 849 829 1,000 1,199    
Assets from Others EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... -12,376 -10,810 -11,919 -16,175    
Return on Allocated Equity from Austria % ... ... ... ... ... ... ... ... ... ... ...     12.9 2.56 8.19 14.2 14.2    
Return on Allocated Equity from Core Austria % ... ... ... ... ... ... ... ... ... ... ...     15.0 14.8 20.8 18.9 19.3    
Return on Allocated Equity from Savings Banks % ... ... ... ... ... ... ... ... ... ... ...     5.69 4.27 8.99 14.3 9.35    
Return on Allocated Equity from CEE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 17.7 -6.94 16.5 27.6    
Return on Allocated Equity from Czechia % ... ... ... ... ... ... ... ... ... ... ...     40.9 35.0 35.8 29.5 31.3    
Return on Allocated Equity from Romania % ... ... ... ... ... ... ... ... ... ... ...     -37.9 8.65 -65.1 17.7 21.7    
Return on Allocated Equity from Slovakia % ... ... ... ... ... ... ... ... ... ... ...     39.3 35.7 34.9 28.7 33.4    
Return on Allocated Equity from Hungary % ... ... ... ... ... ... ... ... ... ... ...     -15.8 -17.4 -77.0 -14.0 28.1    
Return on Allocated Equity from Croatia % ... ... ... ... ... ... ... ... ... ... ...     8.24 3.95 10.6 -11.4 22.3    
Return on Allocated Equity from Serbia % ... ... ... ... ... ... ... ... ... ... ...     18.7 2.70 -10.1 8.17 13.7    
Cost to Income from Austria % ... ... ... ... ... ... ... ... ... ... ...     66.3 64.1 62.4 62.1 64.2    
Cost to Income from Core Austria % ... ... ... ... ... ... ... ... ... ... ...     63.1 58.6 58.1 57.7 58.8    
Cost to Income from Savings Banks % ... ... ... ... ... ... ... ... ... ... ...     68.5 71.0 67.6 67.3 70.7    
Cost to Income from CEE % ... ... ... ... ... ... ... ... ... ... ...     51.1 44.4 45.2 48.3 50.7    
Cost to Income from Czechia % ... ... ... ... ... ... ... ... ... ... ...     49.7 46.6 45.7 47.6 48.5    
Cost to Income from Romania % ... ... ... ... ... ... ... ... ... ... ...     53.0 41.6 45.3 50.1 56.8    
Cost to Income from Slovakia % ... ... ... ... ... ... ... ... ... ... ...     50.9 43.5 44.9 44.3 46.2    
Cost to Income from Hungary % ... ... ... ... ... ... ... ... ... ... ...     58.9 41.4 39.7 53.5 57.5    
Cost to Income from Croatia % ... ... ... ... ... ... ... ... ... ... ...     41.3 43.0 45.9 46.6 47.7    
Cost to Income from Serbia % ... ... ... ... ... ... ... ... ... ... ...     66.9 75.3 76.4 66.9 65.2    
Deposits from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     64,174 69,474 69,917 71,873 75,811    
Deposits from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     29,960 34,374 33,864 34,022 35,889    
Deposits from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     34,215 35,100 36,053 37,851 39,922    
Deposits from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     49,485 53,268 52,556 56,538 62,175    
Deposits from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     25,598 26,492 24,534 26,416 29,121    
Deposits from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     7,595 8,387 8,906 9,422 10,627    
Deposits from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     7,620 9,091 9,666 10,672 11,384    
Deposits from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     4,018 4,093 3,928 3,994 4,580    
Deposits from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     4,156 4,604 4,966 5,426 5,731    
Deposits from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     497 601 556 608 658    
Loans from Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     65,738 64,659 66,570 68,852 71,185    
Loans from Core Austria EUR mil ... ... ... ... ... ... ... ... ... ... ...     28,052 11,835 12,690 29,526 30,574    
Loans from Savings Banks EUR mil ... ... ... ... ... ... ... ... ... ... ...     37,687 52,824 53,879 39,326 40,611    
Loans from CEE EUR mil ... ... ... ... ... ... ... ... ... ... ...     47,834 45,194 43,564 49,405 50,975    
Loans from Czechia EUR mil ... ... ... ... ... ... ... ... ... ... ...     17,891 19,774 19,792 20,303 22,367    
Loans from Romania EUR mil ... ... ... ... ... ... ... ... ... ... ...     10,682 11,208 9,800 8,481 8,463    
Loans from Slovakia EUR mil ... ... ... ... ... ... ... ... ... ... ...     6,598 7,952 8,850 9,671 11,180    
Loans from Hungary EUR mil ... ... ... ... ... ... ... ... ... ... ...     6,185 6,260 5,122 3,498 4,180    
Loans from Croatia EUR mil ... ... ... ... ... ... ... ... ... ... ...     5,909 7,597 7,527 6,732 6,647    
Loans from Serbia EUR mil ... ... ... ... ... ... ... ... ... ... ...     569 974 959 719 832    
Employees in Austria ... ... ... ... ... ... ... ... ...         16,060 15,659 15,550 15,687 16,029    
Employees in Core Austria ... ... ... ... ... ... ... ... ... ... ... ... ... ... 8,388 8,324 8,456 8,835    
Employees in Savings Banks ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7,271 7,226 7,230 7,194    
Employees in CEE ... ... ... ... ... ... ... ... ... ... ...     29,751 30,011 30,517 30,781 31,004    
Employees in Czechia ... ... ... ... ... ... ... ... ...         11,014 10,432 10,504 10,501 10,299    
Employees in Romania ... ... ... ... ... ... ... ... ...         8,289 7,020 7,054 7,065 7,078    
Employees in Slovakia ... ... ... ... ... ... ... ... ...         4,185 4,206 4,275 4,205 4,232    
Employees in Hungary ... ... ... ... ... ... ... ... ...         2,690 2,778 2,766 2,813 2,873    
Employees in Croatia ... ... ... ... ... ... ... ... ...         2,629 2,584 2,754 2,851 3,073    
Employees in Serbia ... ... ... ... ... ... ... ... ...         944 922 955 1,002 1,005    
Branches in Austria ... ... ... ... ... ... ... ... ...         1,006 ... ... ... ... ... ...
Branches in CEE ... ... ... ... ... ... ... ... ...         1,937 ... ... ... ... ... ...
Branches in Czechia ... ... ... ... ... ... ... ... ...         658 ... ... ... ... ... ...
Branches in Romania ... ... ... ... ... ... ... ... ...         623 ... ... ... ... ... ...
Branches in Slovakia ... ... ... ... ... ... ... ... ...         297 ... ... ... ... ... ...
Branches in Hungary ... ... ... ... ... ... ... ... ...         141 ... ... ... ... ... ...
Branches in Croatia ... ... ... ... ... ... ... ... ...         150 ... ... ... ... ... ...
Branches in Serbia ... ... ... ... ... ... ... ... ...         68.0 ... ... ... ... ... ...

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Erste Group's capital adequacy ratio rose 1.04% to 18.4% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's capital adequacy ratio reached 18.4% at the end of second quarter of 2019, up from 18.2% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 18.7% in 2Q2017 and an all time low of 9.40% in 3Q2008....

Erste Group's net profit fell 5.85% to EUR 355 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank made a net profit of EUR 355 mil in the second quarter of 2019, down 19% when compared to the same period of last year. This implies a return on equity of 7.21%. Historically, the bank’s net profit reached an all time high of EUR 826 mil in 3Q200...

Erste Group's market capitalisation (end of period) fell 1.20% to USD 17,365 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank stock traded at PLN 202 per share at the end of second quarter of 2019 implying a market capitalization of USD 6,950 mil. Over the last five years, the stock has appreciated by 52.3 implying an annual average growth of 8.78% In absolute t...

Erste Group's share price (end of period) fell 1.19% to EUR 34.0 in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank stock traded at EUR 34.0 per share at the end of second quarter of 2019 implying a market capitalization of USD 17,365 mil. Over the last five years, the stock has appreciated by 74.3 % implying an annual average growth of 11.8 %. In absolute terms, t...

Erste Group's equity (as % of assets) fell 2.36% to 7.91% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's Equity reached 7.91% of total assets in the 2Q2019, up from 7.70% for the previous year. As a share of net customer loans, the ratio amounted to 13.1% at the end of the second quarter of 2019. ...

Erste Group's provisions (as % of loans) fell 5.29% to 2.25% in 2Q2019

By Helgi Analytics - November 05, 2019

...

Erste Group's Cost of Risk rose 80.6% to -0.011% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's Cost of Risk (loan loss provisions as % of total assets) amounted to -0.011% in the second quarter of 2019, up from -0.059% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 1.78% in 3Q201...

Erste Group's cost to income from core austria fell 12.5% to 58.1% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's cost to income ratio reached 56.6% at the end of second quarter of 2019, down from 63.0% when compared to previous quarter and down from 58.8% compared to the same period of last year. Historically, the bank’s costs reached an all time high of ...

Erste Group's cost to income from core austria fell 12.5% to 58.1% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's cost to income ratio reached 56.6% at the end of second quarter of 2019, down from 63.0% when compared to previous quarter and down from 58.8% compared to the same period of last year. Historically, the bank’s costs reached an all time high of ...

Erste Group's cost to income from core austria fell 12.5% to 58.1% in 2Q2019

By Helgi Analytics - November 05, 2019

Erste Group Bank's cost to income ratio reached 56.6% at the end of second quarter of 2019, down from 63.0% when compared to previous quarter and down from 58.8% compared to the same period of last year. Historically, the bank’s costs reached an all time high of ...

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Erste Group Bank is the second largest commercial bank in Austria. The Group was founded in 1819 as the first Austrian savings bank. 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. It is the largest retail bank in the Czech Republic, Slovakia and Romania and is among the TOP5 players in number of other countries such as Hungary, or Croatia

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Finance

Erste Group Bank has been growing its revenues and asset by -0.120% and 1.63% a year on average in the last 10 years. Its loans and deposits have grown by 1.63% and 4.04% a year during that time and loans to deposits ratio reached 88.6% at the end of 2018. The company achieved an average return on equity of 3.32% in the last decade with net profit growing 7.63% a year on average. In terms of operating efficiency, its cost to income ratio reached 60.5% in 2018, compared to 64.6% average in the last decade.

Equity represented 7.97% of total assets or 13.1% of loans at the end of 2018. Erste Group Bank's non-performing loans were 3.19% of total loans while provisions covered some 73.0% of NPLs at the end of 2018.

Valuation

Erste Group Bank stock traded at EUR 31.1 per share at the end of 2018 resulting in a market capitalization of USD 15,876 mil. Over the previous five years, stock price rose by 22.6% or 4.16% a year on average. That’s compared to an average ROE of 4.46% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 7.39x and price to book value (PBV) of 0.702x in 2018.