Erste & Steiermarkische Bank

Erste & Steier. Bank's capital adequacy ratio rose 4.96% to 20.1% in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank's capital adequacy ratio reached 20.1% at the end of 2017, up from 19.2% compared to the previou...

Erste & Steier. Bank's total revenues rose 0.319% to HRK 3,143 mil in 2017

By Helgi Analytics - July 16, 2018

Erste & Steiermarkische Bank generated total banking revenues of HRK 3,143 mil in 2017, up 0.319% compared to the previous y...

Erste & Steier. Bank's customer deposits rose 2.43% to HRK 44,374 mil in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank's customer deposits reached HRK 44,374 mil in 2017, up 2.43% compared to the previous year. Cr...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 2,148 2,060 2,071
Fee Income (As % Of Revenues) % 20.6 21.2 22.7
Other Income HRK mil 342 410 357
Total Revenues HRK mil 3,136 3,133 3,143
Staff Cost HRK mil 586 635 668
Operating Profit HRK mil 1,703 1,669 1,603
Provisions HRK mil 1,274 364 866
Net Profit HRK mil -816 875 534
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 5,441 5,329 5,233
Customer Loans HRK mil 46,159 43,656 43,297
Debt Securities HRK mil 8,489 7,905 9,896
Total Assets HRK mil 68,231 65,604 65,925
Shareholders' Equity HRK mil 7,111 7,988 8,206
Interbank Borrowing HRK mil 16,174 11,652 11,025
Customer Deposits HRK mil 41,445 43,323 44,374
Issued Debt Securities HRK mil 931 924 376
Ratios 2015 2016 2017
ROE % -10.8 11.6 6.60
ROA % -1.18 1.31 0.812
Costs (As % Of Assets) % 2.08 2.19 2.34
Costs (As % Of Income) % 45.7 46.7 49.0
Capital Adequacy Ratio % 16.6 19.2 20.1
Net Interest Margin % 3.11 3.08 3.15
Loans (As % Of Deposits) % 111 101 97.6
NPLs (As % Of Loans) % 15.7 11.5 12.6
Provisions (As % Of NPLs) % 60.6 62.3 61.8
Growth Rates 2015 2016 2017
Total Revenue Growth % -1.38 -0.096 0.319
Operating Cost Growth % -3.89 2.16 5.19
Operating Profit Growth % 0.829 -2.00 -3.95
Net Profit Growth % -316 -207 -39.0
Customer Loan Growth % -1.18 -5.42 -0.822
Total Asset Growth % -2.19 -3.85 0.489
Customer Deposit Growth % 8.99 4.53 2.43
Shareholders' Equity Growth % -10.5 12.3 2.73
Employees 2,793 3,022 3,170

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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
income statement                                      
Net Interest Income HRK mil                         2,132 2,103 2,010 2,120 2,148    
Total Revenues HRK mil                         2,872 2,770 2,725 3,180 3,136    
Operating Profit HRK mil                         1,628 1,708 1,470 1,689 1,703    
Net Profit HRK mil                         739 585 184 377 -816    
balance sheet                                      
Interbank Loans HRK mil                         1,524 2,865 6,546 6,194 5,441    
Customer Loans HRK mil                         44,677 45,348 47,391 46,711 46,159    
Debt Securities HRK mil                         7,683 8,063 7,541 9,225 8,489    
Total Assets HRK mil                         63,045 65,891 67,854 69,761 68,231    
Shareholders' Equity HRK mil                         6,619 7,309 7,370 7,941 7,111    
Interbank Borrowing HRK mil                         22,285 22,906 20,988 21,227 16,174    
Customer Deposits HRK mil                         31,812 32,190 37,214 38,027 41,445    
Issued Debt Securities HRK mil                         956 1,240 1,020 1,027 931    
ratios                                      
ROE %                         11.6 8.40 2.51 4.92 -10.8    
ROA %                         1.28 0.907 0.275 0.548 -1.18    
Costs (As % Of Assets) %                         2.16 1.65 1.88 2.17 2.08    
Costs (As % Of Income) %                         43.3 38.3 46.1 46.9 45.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ...           14.0 15.7 15.2 16.0 16.6    
Net Interest Margin %                         3.69 3.26 3.01 3.08 3.11    
Interest Income (As % Of Revenues) %                         74.2 75.9 73.8 66.7 68.5    
Fee Income (As % Of Revenues) %                         20.7 18.8 20.2 19.2 20.6    
Staff Cost (As % Of Total Cost) %                         45.7 51.1 39.6 37.6 40.9    
Equity (As % Of Assets) %                         10.5 11.1 10.9 11.4 10.4    
Loans (As % Of Deposits) %                         140 141 127 123 111    
Loans (As % Assets) %                         70.9 68.8 69.8 67.0 67.7    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...           11.5 16.4 17.4 18.6 15.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...           64.3 56.3 53.2 59.6 60.6    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Interest Income HRK mil                         3,815 4,100 3,597 3,439 3,257    
Interest Cost HRK mil                         1,683 1,997 1,587 1,319 1,117    
Net Interest Income HRK mil                         2,132 2,103 2,010 2,120 2,148    
Net Fee Income HRK mil                         594 521 551 610 646    
Other Income HRK mil                         146 146 164 450 342    
Total Revenues HRK mil                         2,872 2,770 2,725 3,180 3,136    
Staff Cost HRK mil                         568 543 497 560 586    
Depreciation HRK mil                         128 72.0 112 296 249    
Other Cost HRK mil                         548 447 646 635 598    
Operating Cost HRK mil                         1,244 1,062 1,255 1,491 1,433    
Operating Profit HRK mil                         1,628 1,708 1,470 1,689 1,703    
Provisions HRK mil                         757 890 1,206 1,185 1,274    
Extra and Other Cost HRK mil                         -50.0 75.0 1.00 0 1,362    
Pre-Tax Profit HRK mil                         921 743 263 504 -933    
Tax HRK mil                         176 147 62.0 92.0 -164    
Minorities HRK mil                         6.00 11.0 17.0 35.0 47.0    
Net Profit HRK mil                         739 585 184 377 -816    
growth rates                                      
Net Interest Income Growth % ...                       23.0 -1.36 -4.42 5.47 1.32    
Net Fee Income Growth % ...                       41.8 -12.3 5.76 10.7 5.90    
Total Revenue Growth % ...                       26.5 -3.55 -1.62 16.7 -1.38    
Operating Cost Growth % ...                       33.6 -14.6 18.2 18.8 -3.89    
Operating Profit Growth % ...                       21.5 4.91 -13.9 14.9 0.829    
Pre-Tax Profit Growth % ...                       14.1 -19.3 -64.6 91.6 -285    
Net Profit Growth % ...                       13.3 -20.8 -68.5 105 -316    
market share                                      
Market Share in Revenues %                         17.9 18.7 18.9 22.0 21.6    
Market Share in Net Profit %                         19.5 21.5 38.8 27.3 ...    
Market Share in Employees % ... ... ... ... ... ... ...           11.6 12.1 11.8 12.8 13.4    
Market Share in Bank Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Market Share in Debit Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Market Share in Credit Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Cash HRK mil                         7,230 7,757 4,297 4,674 5,299    
Interbank Loans HRK mil                         1,524 2,865 6,546 6,194 5,441    
Customer Loans HRK mil                         44,677 45,348 47,391 46,711 46,159    
Retail Loans HRK mil                         20,930 21,140 21,164 21,314 21,199    
Corporate Loans HRK mil                         21,032 21,591 21,683 19,737 18,050    
Debt Securities HRK mil                         7,683 8,063 7,541 9,225 8,489    
Fixed Assets HRK mil                         1,521 1,444 1,410 2,043 429    
Total Assets HRK mil                         63,045 65,891 67,854 69,761 68,231    
Shareholders' Equity HRK mil                         6,619 7,309 7,370 7,941 7,111    
Of Which Minority Interest HRK mil                         29.0 38.0 51.0 162 201    
Liabilities HRK mil                         56,426 58,582 60,484 61,820 61,120    
Interbank Borrowing HRK mil                         22,285 22,906 20,988 21,227 16,174    
Customer Deposits HRK mil                         31,812 32,190 37,214 38,027 41,445    
Retail Deposits HRK mil                         23,164 24,201 26,035 26,901 27,088    
Corporate Deposits HRK mil                         8,182 7,285 10,600 10,584 14,357    
Issued Debt Securities HRK mil                         956 1,240 1,020 1,027 931    
Other Liabilities HRK mil                         1,373 2,246 1,262 1,539 2,570    
asset quality                                      
Non-Performing Loans HRK mil ... ... ... ... ... ... ...           5,541 8,201 9,112 9,793 7,990    
Gross Loans HRK mil                         48,241 49,962 52,238 52,545 51,003    
Total Provisions HRK mil                         3,564 4,614 4,847 5,834 4,844    
growth rates                                      
Customer Loan Growth % ...                       22.7 1.50 4.51 -1.43 -1.18    
Retail Loan Growth % ...                       15.4 1.00 0.114 0.709 -0.540    
Corporate Loan Growth % ...                       24.3 2.66 0.426 -8.97 -8.55    
Total Asset Growth % ...                       20.4 4.51 2.98 2.81 -2.19    
Shareholders' Equity Growth % ...                       7.29 10.4 0.835 7.75 -10.5    
Customer Deposit Growth % ...                       2.16 1.19 15.6 2.18 8.99    
Retail Deposit Growth % ...                       -5.49 4.48 7.58 3.33 0.695    
Corporate Deposit Growth % ...                       -22.2 -11.0 45.5 -0.151 35.6    
market share                                      
Market Share in Customer Loans %                         17.7 19.2 20.2 20.3 20.7    
Market Share in Corporate Loans %                         18.8 22.4 22.7 21.4 20.7    
Market Share in Consumer Loans %                         16.3 16.7 17.1 17.4 17.6    
Market Share in Total Assets %                         15.1 16.1 16.3 16.6 16.4    
Market Share in Customer Deposits %                         14.4 14.2 15.7 15.6 16.1    
Market Share in Retail Deposits %                         13.6 13.6 14.5 14.7 14.4    
Market Share in Corporate Deposits % ... ... ... ... ...               17.0 16.2 25.0 24.2 27.0    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                      
ROE %                         11.6 8.40 2.51 4.92 -10.8    
ROA %                         1.28 0.907 0.275 0.548 -1.18    
Costs (As % Of Assets) %                         2.16 1.65 1.88 2.17 2.08    
Costs (As % Of Income) %                         43.3 38.3 46.1 46.9 45.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ...           14.0 15.7 15.2 16.0 16.6    
Tier 1 Ratio % ... ... ... ... ... ... ...           12.1 14.3 15.1 14.0 13.4    
Net Interest Margin %                         3.69 3.26 3.01 3.08 3.11    
Interest Spread % ...                       3.33 2.89 2.71 2.84 2.90    
Asset Yield %                         6.61 6.36 5.38 5.00 4.72    
Cost Of Liabilities % ...                       3.28 3.47 2.67 2.16 1.82    
Interest Income (As % Of Revenues) %                         74.2 75.9 73.8 66.7 68.5    
Fee Income (As % Of Revenues) %                         20.7 18.8 20.2 19.2 20.6    
Other Income (As % Of Revenues) %                         5.08 5.27 6.02 14.2 10.9    
Cost Per Employee USD per month ... ... ... ... ... ... ...           3,489 2,957 2,831 2,900 2,624    
Cost Per Employee (Local Currency) HRK per month ... ... ... ... ... ... ...           18,665 17,304 16,159 17,195 17,484    
Staff Cost (As % Of Total Cost) %                         45.7 51.1 39.6 37.6 40.9    
Equity (As % Of Assets) %                         10.5 11.1 10.9 11.4 10.4    
Loans (As % Of Deposits) %                         140 141 127 123 111    
Loans (As % Assets) %                         70.9 68.8 69.8 67.0 67.7    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...           11.5 16.4 17.4 18.6 15.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...           64.3 56.3 53.2 59.6 60.6    
Provisions (As % Of Loans) %                         7.98 10.2 10.2 12.5 10.5    
Cost of Provisions (As % Of Loans) %                         1.87 1.98 2.60 2.52 2.74    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
Employees ... ... ... ... ... ... ...           2,536 2,615 2,563 2,714 2,793    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... 567 619 ... ... ...    
Payment Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... 723 744 ... ... ... ...  
Debit Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Credit Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  

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Erste & Steier. Bank's retail deposits rose 0.592% to HRK 27,861 mil in 2017

By Helgi Analytics - July 16, 2018

Erste & Steiermarkische Bank's retail deposits reached HRK 27,861 mil in 2017, up 0.592% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Erste & Stei...

Erste & Steier. Bank's corporate deposits rose 5.68% to HRK 16,513 mil in 2017

By Helgi Analytics - July 16, 2018

Erste & Steiermarkische Bank's corporate deposits reached HRK 16,513 mil in 2017, up 5.68% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Erste &...

Erste & Steier. Bank's net profit fell 39.0% to HRK 534 mil in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank made a net profit of HRK 534 mil in 2017, down 39.0% compared to the previous year. This implies a return on equity of 6.60%. Historically, the bank’s net profit reached an all time high of HRK 875 mil in 2016 and an all time lo...

Erste & Steier. Bank's npls (as % of loans) rose 9.08% to 12.6% in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank's non-performing loans reached 12.6% of total loans at the end of 2017, up from 11.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.6% in 2014 and an all time low of 3.92% in 2007. Pro...

Erste & Steier. Bank's net interest margin rose 2.30% to 3.15% in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank's net interest margin amounted to 3.15% in 2017, up from 3.08% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 8.30% in 2000 and an all time low of 2.71% in 2006. T...

Erste & Steier. Bank's customer loans fell 0.822% to HRK 43,297 mil in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank's customer loans reached HRK 43,297 mil in 2017, down 0.822% compared to the previous year. Croatian banking sector provided customer loans of HRK 213 bil in 2017, down 0.828% when compared to the last year. Erste & St...

Erste & Steier. Bank's net interest income rose 0.534% to HRK 2,071 mil in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank generated total banking revenues of HRK 3,143 mil in 2017, up 0.319% 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 HRK 3,18...

Erste & Steier. Bank's corporate loans rose 7.13% to HRK 18,319 mil in 2017

By Helgi Analytics - December 12, 2019

Erste & Steiermarkische Bank's corporate loans reached HRK 18,319 mil in 2017, up 7.13% compared to the previous year. Croatian banking sector provided corporate loans of HRK 70.6 bil in 2017, up 2.98% when compared to the last year. Erste & Steie...

Erste & Steier. Bank's customer loan growth rose 84.8% to -0.822% in 2017

By Helgi Analytics - July 3, 2018

Erste & Steiermarkische Bank's customer loan growth reached -0.822% in 2017, up from -5.42% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 216% in 2003 and an all time low of -5.42% in 2016. In the las...

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Erste & Steiermärkische Bank d.d. is a Croatia-based subsidiary of Austria's Erste Bank. Following the acquisition of Rijecka Banka in 2002, Erste Bank has become the third largest bank in Croatia by assets with nearly a 17% share. Erste 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.

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Finance

Erste & Steiermarkische Bank has been growing its revenues and asset by 6.45% and 4.97% a year on average in the last 10 years. Its loans and deposits have grown by 5.37% and 5.52% a year during that time and loans to deposits ratio reached 97.6% at the end of 2017. The company achieved an average return on equity of 7.66% in the last decade with net profit growing -1.21% a year on average. In terms of operating efficiency, its cost to income ratio reached 49.0% in 2017, compared to 44.6% average in the last decade.

Equity represented 12.4% of total assets or 19.0% of loans at the end of 2017. Erste & Steiermarkische Bank's non-performing loans were 12.6% of total loans while provisions covered some 61.8% of NPLs at the end of 2017.