By Helgi Library - August 21, 2019
Essox's non-performing loans reached 8.49% of total loans at the end of 2018, down from 13.5% compared to the previous year. ...
By Helgi Library - December 12, 2019
Essox's customer loans reached CZK 13,774 mil in 2018, up 49.1% compared to the previous year. Czech banking sector provided cu...
By Helgi Library - December 12, 2019
Essox's customer deposits reached CZK 176 mil in 2018, up 73.3% compared to the previous year. Czech banking sector accepted cu...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | CZK mil | 1,040 | 1,058 | 908 |
| Net Fee Income | CZK mil | -90.3 | -193 | 21.6 |
| Other Income | CZK mil | 35.8 | 38.2 | 31.5 |
| Total Revenues | CZK mil | 986 | 903 | 961 |
| Staff Cost | CZK mil | 213 | 234 | 273 |
| Operating Profit | CZK mil | 530 | 417 | 408 |
| Provisions | CZK mil | -17.2 | -108 | -30.9 |
| Net Profit | CZK mil | 471 | 384 | 383 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | CZK mil | 1,666 | 1,544 | 1,490 |
| Customer Loans | CZK mil | 7,602 | 9,235 | 13,774 |
| Total Assets | CZK mil | 11,661 | 13,111 | 16,547 |
| Shareholders' Equity | CZK mil | 3,596 | 3,500 | 3,411 |
| Interbank Borrowing | CZK mil | 7,493 | 9,057 | 12,439 |
| Customer Deposits | CZK mil | 88.3 | 102 | 176 |
| Issued Debt Securities | CZK mil | 0 | 0 | 0 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 12.6 | 10.8 | 11.1 |
| ROA | % | 4.38 | 3.10 | 2.58 |
| Costs (As % Of Assets) | % | 4.24 | 3.93 | 3.73 |
| Costs (As % Of Income) | % | 46.2 | 53.9 | 57.6 |
| Net Interest Margin | % | 9.68 | 8.54 | 6.12 |
| Loans (As % Of Deposits) | % | 8,608 | 9,097 | 7,831 |
| NPLs (As % Of Loans) | % | 26.3 | 13.5 | 8.49 |
| Provisions (As % Of NPLs) | % | 94.4 | 90.5 | 88.0 |
| Growth Rates | 2016 | 2017 | 2018 | |
| Total Revenue Growth | % | -5.83 | -8.34 | 6.35 |
| Operating Cost Growth | % | 3.09 | 6.94 | 13.6 |
| Operating Profit Growth | % | -12.3 | -21.5 | -2.12 |
| Net Profit Growth | % | 1.28 | -18.4 | -0.331 |
| Customer Loan Growth | % | 13.6 | 21.5 | 49.1 |
| Total Asset Growth | % | 18.7 | 12.4 | 26.2 |
| Customer Deposit Growth | % | -0.382 | 14.9 | 73.3 |
| Shareholders' Equity Growth | % | -7.56 | -2.67 | -2.53 |
| Employees | 346 | 352 | 376 | |
Get all company financials in excel:
| summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||
| Net Interest Income | CZK mil | 1,155 | 1,135 | 1,073 | 1,038 | 1,040 | |||||||||
| Total Revenues | CZK mil | 1,380 | 1,302 | 1,164 | 1,047 | 986 | |||||||||
| Operating Profit | CZK mil | 855 | 832 | 693 | 605 | 530 | |||||||||
| Net Profit | CZK mil | 452 | 648 | 486 | 465 | 471 | |||||||||
| balance sheet | |||||||||||||||
| Interbank Loans | CZK mil | 1,350 | 1,259 | 1,789 | 1,614 | 1,666 | |||||||||
| Customer Loans | CZK mil | 6,574 | 6,961 | 6,731 | 6,691 | 7,602 | |||||||||
| Debt Securities | CZK mil | 1,147 | 1,016 | 886 | 756 | 626 | |||||||||
| Total Assets | CZK mil | 9,817 | 9,947 | 10,110 | 9,824 | 11,661 | |||||||||
| Shareholders' Equity | CZK mil | 3,206 | 3,425 | 3,911 | 3,890 | 3,596 | |||||||||
| Interbank Borrowing | CZK mil | 6,108 | 6,004 | 5,750 | 5,379 | 7,493 | |||||||||
| Customer Deposits | CZK mil | 61.5 | 68.0 | 71.6 | 88.7 | 88.3 | |||||||||
| Issued Debt Securities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| ratios | |||||||||||||||
| ROE | % | 14.7 | 19.5 | 13.2 | 11.9 | 12.6 | |||||||||
| ROA | % | 4.49 | 6.56 | 4.84 | 4.67 | 4.38 | |||||||||
| Costs (As % Of Assets) | % | 5.23 | 4.76 | 4.70 | 4.43 | 4.24 | |||||||||
| Costs (As % Of Income) | % | 38.1 | 36.1 | 40.5 | 42.2 | 46.2 | |||||||||
| Net Interest Margin | % | 11.5 | 11.5 | 10.7 | 10.4 | 9.68 | |||||||||
| Interest Income (As % Of Revenues) | % | 83.7 | 87.2 | 92.2 | 99.1 | 106 | |||||||||
| Fee Income (As % Of Revenues) | % | 5.93 | 5.43 | 2.35 | -1.89 | -9.16 | |||||||||
| Staff Cost (As % Of Total Cost) | % | 38.0 | 41.3 | 42.5 | 44.0 | 46.7 | |||||||||
| Equity (As % Of Assets) | % | 32.7 | 34.4 | 38.7 | 39.6 | 30.8 | |||||||||
| Loans (As % Of Deposits) | % | ... | ... | ... | ... | ... | 10,697 | 10,237 | 9,396 | 7,547 | 8,608 | ||||
| Loans (As % Assets) | % | 67.0 | 70.0 | 66.6 | 68.1 | 65.2 | |||||||||
| NPLs (As % Of Loans) | % | 31.0 | 30.6 | 31.1 | 30.0 | 26.3 | |||||||||
| Provisions (As % Of NPLs) | % | 100 | 97.3 | 98.1 | 97.5 | 94.4 | |||||||||
| valuation | |||||||||||||||
| Book Value Per Share Growth | % | ... | -6.11 | -1.74 | -5.50 | -3.30 | 0.232 |
| income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||
| Interest Income | CZK mil | 1,319 | 1,262 | 1,172 | 1,106 | 1,090 | |||||||||
| Interest Cost | CZK mil | 163 | 126 | 99.0 | 68.6 | 50.0 | |||||||||
| Net Interest Income | CZK mil | 1,155 | 1,135 | 1,073 | 1,038 | 1,040 | |||||||||
| Net Fee Income | CZK mil | 81.9 | 70.7 | 27.4 | -19.8 | -90.3 | |||||||||
| Other Income | CZK mil | 143 | 96.3 | 64.0 | 28.7 | 35.8 | |||||||||
| Total Revenues | CZK mil | 1,380 | 1,302 | 1,164 | 1,047 | 986 | |||||||||
| Staff Cost | CZK mil | 200 | 195 | 201 | 194 | 213 | |||||||||
| Depreciation | CZK mil | 118 | 88.6 | 61.7 | 49.8 | 46.9 | |||||||||
| Other Cost | CZK mil | 207 | 188 | 209 | 198 | 196 | |||||||||
| Operating Cost | CZK mil | 526 | 471 | 472 | 442 | 455 | |||||||||
| Operating Profit | CZK mil | 855 | 832 | 693 | 605 | 530 | |||||||||
| Provisions | CZK mil | 282 | 21.9 | 140 | 47.0 | -17.2 | |||||||||
| Extra and Other Cost | CZK mil | -1.25 | 7.83 | -1.76 | -5.20 | -1.43 | |||||||||
| Pre-Tax Profit | CZK mil | 574 | 802 | 555 | 563 | 549 | |||||||||
| Tax | CZK mil | 122 | 154 | 69.3 | 98.2 | 78.0 | |||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Net Profit | CZK mil | 452 | 648 | 486 | 465 | 471 | |||||||||
| growth rates | |||||||||||||||
| Net Interest Income Growth | % | ... | -6.11 | -1.74 | -5.50 | -3.30 | 0.232 | ||||||||
| Net Fee Income Growth | % | ... | -37.9 | -13.7 | -61.3 | -172 | 355 | ||||||||
| Total Revenue Growth | % | ... | -10.8 | -5.64 | -10.6 | -10.1 | -5.83 | ||||||||
| Operating Cost Growth | % | ... | -8.08 | -10.4 | 0.185 | -6.37 | 3.09 | ||||||||
| Operating Profit Growth | % | ... | -12.3 | -2.70 | -16.7 | -12.7 | -12.3 | ||||||||
| Pre-Tax Profit Growth | % | ... | 39.6 | 39.8 | -30.8 | 1.49 | -2.52 | ||||||||
| Net Profit Growth | % | ... | 61.7 | 43.5 | -25.1 | -4.24 | 1.28 | ||||||||
| market share | |||||||||||||||
| Market Share in Revenues | % | 0.826 | 0.774 | 0.693 | 0.601 | 0.547 | ... | ||||||||
| Market Share in Net Profit | % | ... | ... | 0.702 | 1.06 | 0.770 | 0.701 | 0.641 | ... | ||||||
| Market Share in Employees | % | 0.869 | 0.873 | 0.863 | 0.825 | 0.843 | ... |
| balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||||||||||||
| Cash | CZK mil | 0.151 | 0.232 | 0.474 | 0.416 | 0.444 | |||||||||
| Interbank Loans | CZK mil | 1,350 | 1,259 | 1,789 | 1,614 | 1,666 | |||||||||
| Customer Loans | CZK mil | 6,574 | 6,961 | 6,731 | 6,691 | 7,602 | |||||||||
| Retail Loans | CZK mil | 5,247 | 5,368 | 5,037 | 4,710 | 4,782 | |||||||||
| Corporate Loans | CZK mil | 1,328 | 1,593 | 1,694 | 1,982 | 2,820 | |||||||||
| Debt Securities | CZK mil | 1,147 | 1,016 | 886 | 756 | 626 | |||||||||
| Fixed Assets | CZK mil | 275 | 222 | 218 | 219 | 250 | |||||||||
| Total Assets | CZK mil | 9,817 | 9,947 | 10,110 | 9,824 | 11,661 | |||||||||
| Shareholders' Equity | CZK mil | 3,206 | 3,425 | 3,911 | 3,890 | 3,596 | |||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Liabilities | CZK mil | 6,611 | 6,522 | 6,199 | 5,934 | 8,065 | |||||||||
| Interbank Borrowing | CZK mil | 6,108 | 6,004 | 5,750 | 5,379 | 7,493 | |||||||||
| Customer Deposits | CZK mil | 61.5 | 68.0 | 71.6 | 88.7 | 88.3 | |||||||||
| Issued Debt Securities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Other Liabilities | CZK mil | 442 | 450 | 378 | 466 | 484 | |||||||||
| asset quality | |||||||||||||||
| Non-Performing Loans | CZK mil | 2,952 | 3,040 | 3,017 | 2,832 | 2,655 | |||||||||
| Gross Loans | CZK mil | 9,535 | 9,919 | 9,689 | 9,451 | 10,109 | |||||||||
| Total Provisions | CZK mil | 2,960 | 2,958 | 2,958 | 2,760 | 2,506 | |||||||||
| growth rates | |||||||||||||||
| Customer Loan Growth | % | ... | -5.02 | 5.88 | -3.30 | -0.590 | 13.6 | ||||||||
| Retail Loan Growth | % | ... | -5.13 | 2.31 | -6.16 | -6.51 | 1.54 | ||||||||
| Corporate Loan Growth | % | ... | -4.57 | 20.0 | 6.34 | 17.0 | 42.3 | ||||||||
| Total Asset Growth | % | ... | -4.60 | 1.33 | 1.64 | -2.83 | 18.7 | ||||||||
| Shareholders' Equity Growth | % | ... | 8.78 | 6.84 | 14.2 | -0.526 | -7.56 | ||||||||
| Customer Deposit Growth | % | ... | ... | ... | ... | ... | ... | -5.18 | 10.6 | 5.35 | 23.8 | -0.382 | |||
| market share | |||||||||||||||
| Market Share in Customer Loans | % | 0.279 | 0.277 | 0.255 | 0.240 | 0.258 | |||||||||
| Market Share in Corporate Loans | % | 0.159 | 0.184 | 0.194 | 0.215 | 0.289 | |||||||||
| Market Share in Consumer Loans | % | 0.462 | 0.454 | 0.409 | 0.356 | 0.337 | |||||||||
| Market Share in Total Assets | % | 0.212 | 0.191 | 0.188 | 0.177 | 0.194 | |||||||||
| Market Share in Customer Deposits | % | 0.002 | 0.002 | 0.002 | 0.003 | 0.002 |
| ratios | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | |||||||||||||||
| ROE | % | 14.7 | 19.5 | 13.2 | 11.9 | 12.6 | |||||||||
| ROA | % | 4.49 | 6.56 | 4.84 | 4.67 | 4.38 | |||||||||
| Costs (As % Of Assets) | % | 5.23 | 4.76 | 4.70 | 4.43 | 4.24 | |||||||||
| Costs (As % Of Income) | % | 38.1 | 36.1 | 40.5 | 42.2 | 46.2 | |||||||||
| Net Interest Margin | % | 11.5 | 11.5 | 10.7 | 10.4 | 9.68 | |||||||||
| Interest Spread | % | ... | 10.8 | 10.8 | 10.1 | 9.97 | 9.43 | ||||||||
| Asset Yield | % | 13.1 | 12.8 | 11.7 | 11.1 | 10.1 | |||||||||
| Cost Of Liabilities | % | ... | 2.34 | 1.92 | 1.56 | 1.13 | 0.715 | ||||||||
| Interest Income (As % Of Revenues) | % | 83.7 | 87.2 | 92.2 | 99.1 | 106 | |||||||||
| Fee Income (As % Of Revenues) | % | 5.93 | 5.43 | 2.35 | -1.89 | -9.16 | |||||||||
| Other Income (As % Of Revenues) | % | 10.4 | 7.39 | 5.50 | 2.75 | 3.63 | |||||||||
| Cost Per Employee | USD per month | 2,436 | 2,388 | 2,247 | 1,994 | 2,030 | |||||||||
| Cost Per Employee (Local Currency) | CZK per month | 47,657 | 46,718 | 48,017 | 47,598 | 51,210 | |||||||||
| Staff Cost (As % Of Total Cost) | % | 38.0 | 41.3 | 42.5 | 44.0 | 46.7 | |||||||||
| Equity (As % Of Assets) | % | 32.7 | 34.4 | 38.7 | 39.6 | 30.8 | |||||||||
| Loans (As % Of Deposits) | % | ... | ... | ... | ... | ... | 10,697 | 10,237 | 9,396 | 7,547 | 8,608 | ||||
| Loans (As % Assets) | % | 67.0 | 70.0 | 66.6 | 68.1 | 65.2 | |||||||||
| NPLs (As % Of Loans) | % | 31.0 | 30.6 | 31.1 | 30.0 | 26.3 | |||||||||
| Provisions (As % Of NPLs) | % | 100 | 97.3 | 98.1 | 97.5 | 94.4 | |||||||||
| Provisions (As % Of Loans) | % | 45.0 | 42.5 | 43.9 | 41.3 | 33.0 | |||||||||
| Cost of Provisions (As % Of Loans) | % | 4.19 | 0.323 | 2.04 | 0.701 | -0.240 |
| other data | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | |||||||||||||||
| Employees | 349 | 347 | 348 | 340 | 346 |
Get all company financials in excel:
By Helgi Library - December 12, 2019
Essox's corporate loans reached CZK 7,400 mil in 2018, up 90.7% compared to the previous year. Czech banking sector provided corporate loans of CZK 1,080 bil in 2018, up 5.70% when compared to the last year. Essox accounted for 0.685% of all corporate loa...
By Helgi Library - August 21, 2019
Essox's net interest margin amounted to 6.12% in 2018, down from 8.54% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.8% in 2011 and an all time low of 6.12% in 2018. The average margin in the ...
By Helgi Library - August 21, 2019
Essox generated total banking revenues of CZK 961 mil in 2018, up 6.35% 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 CZK 1,547 mil in 2011 and an all time ...
By Helgi Library - August 21, 2019
Essox's customer loan growth reached 49.1% in 2018, up from 21.5% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 49.1% in 2018 and an all time low of -10.6% in 2011. In the last decade, the average annual ...
By Helgi Library - December 12, 2019
Essox generated total banking revenues of CZK 903 mil in 2017, down 8.34% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 179,177 mil in 2017, down 0.560% when compared to the last year. As a re...
Essox has been growing its revenues and asset by -5.90% and 10.7% a year on average in the last 5 years. Its loans and deposits have grown by 14.6% and 20.9% a year during that time and loans to deposits ratio reached 7,831% at the end of 2018. The company achieved an average return on equity of 11.9% in the last five years with net profit growing -9.99% a year on average. In terms of operating efficiency, its cost to income ratio reached 57.6% in 2018, compared to 48.1% average in the last five years.
Equity represented 20.6% of total assets or 24.8% of loans at the end of 2018. Essox's non-performing loans were 8.49% of total loans while provisions covered some 88.0% of NPLs at the end of 2018.
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