Eurobank Serbia

Eurobank Serbia's consumer loans rose 19.3% to RSD 38,258 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's consumer loans reached RSD 38,258 mil in 2017, up 19.3% compared to the previous year. Serbian banking sector...

Eurobank Serbia's net profit rose 5.84% to RSD 2,182 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia made a net profit of RSD 2,182 mil under revenues of RSD 8,829 mil in 2017, up 5.84% and 3.73% respectively compared ...

Eurobank Serbia's npls (as % of loans) fell 44.6% to 17.5% in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's non-performing loans reached 17.5% of total loans at the end of 2017, down from 31.5% compared to the previous ...

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 7,270 6,439 6,572
Fee Income (As % Of Revenues) % 19.5 23.3 24.4
Other Income RSD mil 285 88.5 107
Total Revenues RSD mil 9,379 8,511 8,829
Staff Cost RSD mil 1,774 1,819 1,909
Operating Profit RSD mil 3,904 3,032 3,218
Provisions RSD mil 1,004 885 699
Net Profit RSD mil 2,916 2,061 2,182
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 10,417 12,245 14,303
Customer Loans RSD mil 87,024 94,819 106,135
Debt Securities RSD mil 26,169 15,713 13,371
Total Assets RSD mil 140,583 150,633 158,413
Shareholders' Equity RSD mil 46,955 48,966 51,151
Interbank Borrowing RSD mil 3,933 7,033 9,226
Customer Deposits RSD mil 88,528 93,533 96,617
Issued Debt Securities RSD mil 75.6 31.3 13.2
Ratios 2015 2016 2017
ROE % 6.22 4.30 4.36
ROA % 1.96 1.42 1.41
Costs (As % Of Assets) % 3.68 3.76 3.63
Costs (As % Of Income) % 58.4 64.4 63.6
Capital Adequacy Ratio % 15.9 18.5 29.2
Net Interest Margin % 4.88 4.42 4.25
Loans (As % Of Deposits) % 98.3 101 110
NPLs (As % Of Loans) % 32.7 31.5 17.5
Provisions (As % Of NPLs) % 56.4 55.8 42.6
Growth Rates 2015 2016 2017
Total Revenue Growth % -1.99 -9.25 3.73
Operating Cost Growth % -6.33 0.094 2.41
Operating Profit Growth % 4.83 -22.3 6.13
Net Profit Growth % -209 -29.3 5.84
Customer Loan Growth % -9.21 8.96 11.9
Total Asset Growth % -10.6 7.15 5.17
Customer Deposit Growth % -14.3 5.65 3.30
Shareholders' Equity Growth % 0.279 4.28 4.46
Employees 1,500 1,450 1,467

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Net Interest Income RSD mil             8,143 7,091 7,499 7,504 7,270    
Total Revenues RSD mil             10,631 9,374 9,572 9,569 9,379    
Operating Profit RSD mil             5,195 4,005 4,188 3,725 3,904    
Net Profit RSD mil             2,672 1,674 1,376 -2,665 2,916    
balance sheet                          
Interbank Loans RSD mil             30,022 16,526 20,248 6,345 10,417    
Customer Loans RSD mil             99,444 104,477 92,436 95,852 87,024    
Debt Securities RSD mil             16,790 21,923 18,226 19,163 26,169    
Total Assets RSD mil             160,475 168,928 167,978 157,303 140,583    
Shareholders' Equity RSD mil             43,760 45,412 45,411 46,824 46,955    
Interbank Borrowing RSD mil             26,895 27,758 21,585 6,246 3,933    
Customer Deposits RSD mil             86,536 92,891 99,865 103,332 88,528    
Issued Debt Securities RSD mil             0 0 49.3 32.8 75.6    
ratios                          
ROE %             6.30 3.75 3.03 -5.78 6.22    
ROA %             1.57 1.02 0.817 -1.64 1.96    
Costs (As % Of Assets) %             3.18 3.26 3.20 3.59 3.68    
Costs (As % Of Income) %             51.1 57.3 56.2 61.1 58.4    
Capital Adequacy Ratio % ... ...         23.6 22.7 19.5 14.7 15.9    
Net Interest Margin %             4.77 4.31 4.45 4.61 4.88    
Interest Income (As % Of Revenues) %             76.6 75.7 78.3 78.4 77.5    
Fee Income (As % Of Revenues) %             17.6 20.9 19.6 19.2 19.5    
Staff Cost (As % Of Total Cost) %             38.3 37.4 36.0 31.4 32.4    
Equity (As % Of Assets) %             27.3 26.9 27.0 29.8 33.4    
Loans (As % Of Deposits) %             115 112 92.6 92.8 98.3    
Loans (As % Assets) %             62.0 61.8 55.0 60.9 61.9    
NPLs (As % Of Loans) % ... ...         9.59 14.1 19.7 29.0 32.7    
Provisions (As % Of NPLs) % ... ...         65.9 55.3 63.6 65.6 56.4    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Interest Income RSD mil             13,398 12,270 12,102 10,279 8,649    
Interest Cost RSD mil             5,255 5,179 4,603 2,776 1,380    
Net Interest Income RSD mil             8,143 7,091 7,499 7,504 7,270    
Net Fee Income RSD mil             1,875 1,954 1,880 1,842 1,825    
Other Income RSD mil             613 328 194 224 285    
Total Revenues RSD mil             10,631 9,374 9,572 9,569 9,379    
Staff Cost RSD mil             2,080 2,006 1,937 1,834 1,774    
Depreciation RSD mil             392 402 418 437 410    
Other Cost RSD mil             2,963 2,961 3,029 3,573 3,290    
Operating Cost RSD mil             5,435 5,369 5,384 5,844 5,474    
Operating Profit RSD mil             5,195 4,005 4,188 3,725 3,904    
Provisions RSD mil             2,298 2,108 2,859 6,382 1,004    
Extra and Other Cost RSD mil             -0.194 0.114 0.001 0 0    
Pre-Tax Profit RSD mil             2,898 1,897 1,329 -2,657 2,901    
Tax RSD mil             226 223 -47.1 7.57 -15.7    
Minorities RSD mil             0 0 0 0 0    
Net Profit RSD mil             2,672 1,674 1,376 -2,665 2,916    
growth rates                          
Net Interest Income Growth % ...           6.62 -12.9 5.75 0.067 -3.12    
Net Fee Income Growth % ...           -12.3 4.26 -3.82 -2.03 -0.927    
Total Revenue Growth % ...           -1.68 -11.8 2.12 -0.032 -1.99    
Operating Cost Growth % ...           -5.56 -1.22 0.282 8.55 -6.33    
Operating Profit Growth % ...           2.75 -22.9 4.58 -11.1 4.83    
Pre-Tax Profit Growth % ...           6.01 -34.5 -29.9 -300 -209    
Net Profit Growth % ...           1.96 -37.4 -17.8 -294 -209    
market share                          
Market Share in Revenues %             6.45 5.54 5.88 5.48 5.11    
Market Share in Net Profit % ... ...         214 14.4 ... ... 39.1    
Market Share in Employees %             5.27 5.33 5.87 6.17 6.18    
Market Share in Branches % ...           4.49 4.77 5.28 5.60 5.49    
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                          
Cash RSD mil             6,144 18,611 32,662 32,536 21,255    
Interbank Loans RSD mil             30,022 16,526 20,248 6,345 10,417    
Customer Loans RSD mil             99,444 104,477 92,436 95,852 87,024    
Retail Loans RSD mil             43,000 44,416 43,606 47,586 50,248    
Mortgage Loans RSD mil             23,500 24,090 22,595 22,708 22,315    
Consumer Loans RSD mil             19,500 20,326 21,011 24,878 27,933    
Corporate Loans RSD mil             63,155 68,932 62,087 58,473 56,492    
Debt Securities RSD mil             16,790 21,923 18,226 19,163 26,169    
Fixed Assets RSD mil             5,615 5,650 5,650 5,731 5,531    
Total Assets RSD mil             160,475 168,928 167,978 157,303 140,583    
Shareholders' Equity RSD mil             43,760 45,412 45,411 46,824 46,955    
Of Which Minority Interest RSD mil             0 0 0 0 0    
Liabilities RSD mil             116,715 123,516 122,567 110,479 93,628    
Interbank Borrowing RSD mil             26,895 27,758 21,585 6,246 3,933    
Customer Deposits RSD mil             86,536 92,891 99,865 103,332 88,528    
Retail Deposits RSD mil             58,000 66,991 72,865 77,465 64,528    
Corporate Deposits RSD mil             28,536 25,901 27,000 25,867 24,000    
Issued Debt Securities RSD mil             0 0 49.3 32.8 75.6    
Other Liabilities RSD mil             3,284 2,867 1,068 868 1,091    
asset quality                          
Non-Performing Loans RSD mil ... ...         10,182 16,027 20,846 30,781 34,940    
Gross Loans RSD mil             106,155 113,347 105,693 106,058 106,740    
Total Provisions RSD mil             6,711 8,870 13,256 20,206 19,716    
growth rates                          
Customer Loan Growth % ...           -22.7 5.06 -11.5 3.70 -9.21    
Retail Loan Growth % ...           1.15 3.29 -1.82 9.13 5.59    
Mortgage Loan Growth % ...           0.732 2.51 -6.21 0.500 -1.73    
Consumer Loan Growth % ...           1.66 4.23 3.37 18.4 12.3    
Corporate Loan Growth % ...           -30.5 9.15 -9.93 -5.82 -3.39    
Total Asset Growth % ...           -11.3 5.27 -0.562 -6.35 -10.6    
Shareholders' Equity Growth % ...           6.55 3.77 -0.001 3.11 0.279    
Customer Deposit Growth % ...           -25.1 7.34 7.51 3.47 -14.3    
Retail Deposit Growth % ...           -4.91 15.5 8.77 6.31 -16.7    
Corporate Deposit Growth % ...           -47.7 -9.23 4.24 -4.20 -7.22    
market share                          
Market Share in Customer Loans %             5.00 4.64 4.19 4.02 3.45    
Market Share in Corporate Loans %             6.21 6.16 6.13 6.02 5.69    
Market Share in Retail Loans %             5.99 5.93 5.86 6.42 6.77    
Market Share in Consumer Loans %             7.15 6.81 6.47 6.57 6.62    
Market Share in Mortgage Loans %             8.52 7.78 7.17 6.74 6.44    
Market Share in Total Assets %             5.53 5.35 5.33 4.76 4.10    
Market Share in Customer Deposits %             6.24 6.07 6.26 6.02 4.84    
Market Share in Retail Deposits %             6.78 6.78 7.12 7.07 5.70    
Market Share in Corporate Deposits %             6.74 6.00 6.29 5.17 4.16    
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                          
ROE %             6.30 3.75 3.03 -5.78 6.22    
ROA %             1.57 1.02 0.817 -1.64 1.96    
Costs (As % Of Assets) %             3.18 3.26 3.20 3.59 3.68    
Costs (As % Of Income) %             51.1 57.3 56.2 61.1 58.4    
Capital Adequacy Ratio % ... ...         23.6 22.7 19.5 14.7 15.9    
Net Interest Margin %             4.77 4.31 4.45 4.61 4.88    
Interest Spread % ...           3.75 3.14 3.44 3.94 4.46    
Asset Yield %             7.85 7.45 7.18 6.32 5.81    
Cost Of Liabilities % ...           4.10 4.31 3.74 2.38 1.35    
Interest Income (As % Of Revenues) %             76.6 75.7 78.3 78.4 77.5    
Fee Income (As % Of Revenues) %             17.6 20.9 19.6 19.2 19.5    
Other Income (As % Of Revenues) %             5.76 3.50 2.02 2.34 3.03    
Cost Per Employee USD per month             1,535 1,257 1,224 1,078 933    
Cost Per Employee (Local Currency) RSD per month             112,645 110,550 104,272 98,718 98,576    
Staff Cost (As % Of Total Cost) %             38.3 37.4 36.0 31.4 32.4    
Equity (As % Of Assets) %             27.3 26.9 27.0 29.8 33.4    
Loans (As % Of Deposits) %             115 112 92.6 92.8 98.3    
Loans (As % Assets) %             62.0 61.8 55.0 60.9 61.9    
NPLs (As % Of Loans) % ... ...         9.59 14.1 19.7 29.0 32.7    
Provisions (As % Of NPLs) % ... ...         65.9 55.3 63.6 65.6 56.4    
Provisions (As % Of Loans) %             6.75 8.49 14.3 21.1 22.7    
Cost of Provisions (As % Of Loans) %             2.01 2.07 2.90 6.78 1.10    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                          
Branches ...           107 107 105 100 95.0    
Employees             1,539 1,512 1,548 1,548 1,500    

Get all company financials in excel:

Download Sample   $19.99

Eurobank Serbia's mortgage loans fell 14.0% to RSD 18,852 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's mortgage loans reached RSD 18,852 mil in 2017, down 14.0% compared to the previous year. Serbian banking sector provided mortgage loans of RSD 356 bil in 2017, down 1.10% when compared to the last year. Eurobank Serbia accounted for 5.30...

Eurobank Serbia's employees rose 1.17% to 1,467 in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia employed 1,467 persons in 2017, up 1.17% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,619 persons in 2010 and an all time low of 1,369 in 2007. Average cost reached USD 1,006 per month per employ...

Eurobank Serbia's total revenues rose 3.73% to RSD 8,829 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia generated total banking revenues of RSD 8,829 mil in 2017, up 3.73% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 197,856 mil in 2017, up 7.42% when compared to the last year. ...

Eurobank Serbia's net interest margin fell 3.82% to 4.25% in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's net interest margin amounted to 4.25% in 2017, down from 4.42% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 8.14% in 2008 and an all time low of 4.25% in 2017. The average marg...

Eurobank Serbia's customer deposits rose 3.30% to RSD 96,617 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's customer deposits reached RSD 96,617 mil in 2017, up 3.30% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. Eurobank Serbia accounted for ...

Eurobank Serbia's customer loans rose 11.9% to RSD 106,135 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's customer loans reached RSD 106,135 mil in 2017, up 11.9% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. Eurobank Serbia accounted for 3.93%...

Eurobank Serbia's retail deposits fell 4.97% to RSD 66,471 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's retail deposits reached RSD 66,471 mil in 2017, down 4.97% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,223 bil in 2017, up 1.09% when compared to the last year. Eurobank Serbia accounted for 5....

Eurobank Serbia's costs (as % of assets) fell 3.50% to 3.63% in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's cost to income ratio reached 63.6% in 2017, down from 64.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 107% of income in 2006 and an all time low of 48.2% in 2009. When compared to total asse...

Eurobank Serbia's corporate deposits rose 27.8% to RSD 30,146 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's corporate deposits reached RSD 30,146 mil in 2017, up 27.8% compared to the previous year. Serbian banking sector accepted corporate deposits of RSD 694 bil in 2017, up 6.26% when compared to the last year. Eurobank Serbia accounted for ...

Eurobank Serbia's corporate loans fell 5.77% to RSD 57,554 mil in 2017

By Helgi Analytics - September 18, 2018

Eurobank Serbia's corporate loans reached RSD 57,554 mil in 2017, down 5.77% compared to the previous year. Serbian banking sector provided corporate loans of RSD 1,012 bil in 2017, up 0.160% when compared to the last year. Eurobank Serbia accounted for 5...

More News

Eurobank Serbia is a medium-sized universal bank. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. The Bank's deposit products include fixed deposits, fixed foreign exchange deposits, current accounts, and savings accounts. The Bank’s loan portfolio primarily comprises personal, mortgage, housing, investment, short-term, subsidized, refinanced investment, and real estate project financing loans, as well as overdrafts, trade finance, and credit guarantees. At the end of 2013, the Bank operated through 105 branches and employed nearly 1,500 persons serving over 900,000 clients. After two acquisitions (Postbank & National Savings Bank), Eurobank today holds aound 5% of the Serbian banking market.

Eurobank Serbia Logo

Finance

Eurobank Serbia has been growing its revenues and asset by 3.13% and 6.54% a year on average in the last 10 years. Its loans and deposits have grown by 7.42% and 4.94% a year during that time and loans to deposits ratio reached 110% at the end of 2017. The company achieved an average return on equity of 5.02% in the last decade with net profit growing 5.16% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.6% in 2017, compared to 56.3% average in the last decade.

Equity represented 32.3% of total assets or 48.2% of loans at the end of 2017. Eurobank Serbia's non-performing loans were 17.5% of total loans while provisions covered some 42.6% of NPLs at the end of 2017.