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Expobank Czech Republic

Expobank CR's net interest margin rose 39.0% yoy to 2.44% in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's net interest margin amounted to 2.44% in the third quarter of 2021, up from 2.00% when compared to the...

Expobank CR's total revenues rose 1.41% yoy to CZK 99.8 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic generated total banking revenues of CZK 99.8 mil in 2021-09-30, up 8.34% compared to the previous year. ...

Expobank CR's customer deposits fell 13.6% yoy to CZK 11,130 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's customer deposits reached CZK 11,130 mil in 2021-09-30, up 16.7% compared to the previous year. Czech...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 432 497 371
Net Fee Income CZK mil 52.0 44.0 29.0
Other Income CZK mil 228 177 -40.0
Total Revenues CZK mil 712 718 360
Staff Cost CZK mil 258 301 310
Operating Profit CZK mil 205 152 -169
Provisions CZK mil -10.0 17.0 51.0
Net Profit CZK mil 201 127 -221
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 14,542 11,366 5,673
Customer Loans CZK mil 8,027 7,688 7,274
Investments CZK mil 1,615 1,087 1,494
Total Assets CZK mil 24,913 20,980 16,097
Shareholders' Equity CZK mil 2,806 2,935 2,707
Interbank Borrowing CZK mil 6,703 4,351 2,397
Customer Deposits CZK mil 14,951 13,533 10,862
Issued Debt Securities CZK mil 234 0 0
Ratios 2018 2019 2020
ROE % 6.84 4.42 -7.83
ROA % 0.802 0.553 -1.19
Costs (As % Of Assets) % 2.02 2.47 2.85
Costs (As % Of Income) % 71.2 78.8 147
Capital Adequacy Ratio % 23.9 27.5 27.6
Net Interest Margin % 1.72 2.17 2.00
Loans (As % Of Deposits) % 53.7 56.8 67.0
NPLs (As % Of Loans) % 5.96 0.702 0.669
Provisions (As % Of NPLs) % 56.2 276 408
Growth Rates 2018 2019 2020
Total Revenue Growth % 28.5 0.843 -49.9
Operating Cost Growth % 6.29 11.6 -6.54
Operating Profit Growth % 166 -25.9 -211
Net Profit Growth % -383 -36.8 -274
Customer Loan Growth % -11.9 -4.22 -5.39
Total Asset Growth % -1.28 -15.8 -23.3
Customer Deposit Growth % -7.76 -9.48 -19.7
Shareholders' Equity Growth % -8.54 4.60 -7.77
Employees 205 209 200

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Net Interest Income CZK mil                     366 303 351 335 432    
Total Revenues CZK mil                     711 552 1,139 554 712    
Operating Profit CZK mil                     16.7 93.4 737 77.0 205    
Net Profit CZK mil                     20.6 105 325 -71.0 201    
balance sheet                                  
Interbank Loans CZK mil                     5,390 7,157 9,755 14,009 14,542    
Customer Loans CZK mil                     14,131 12,927 12,133 9,111 8,027    
Investments CZK mil                     296 604 500 1,274 1,615    
Total Assets CZK mil                     20,781 21,799 22,826 25,235 24,913    
                                     
Shareholders' Equity CZK mil                     2,614 2,759 3,125 3,068 2,806    
Interbank Borrowing CZK mil                     1,312 311 684 5,181 6,703    
Customer Deposits CZK mil                     16,006 17,921 18,173 16,208 14,951    
Issued Debt Securities CZK mil                     497 526 479 434 234    
ratios                                  
ROE % ...                   0.757 3.91 11.0 -2.29 6.84    
ROA % ...                   0.079 0.494 1.46 -0.295 0.802    
Costs (As % Of Assets) % ...                   2.66 2.15 1.80 1.98 2.02    
Costs (As % Of Income) %                     97.7 83.1 35.3 86.1 71.2    
Capital Adequacy Ratio %                     24.8 25.1 28.5 28.2 23.9    
Net Interest Margin % ...                   1.40 1.43 1.57 1.39 1.72    
Interest Income (As % Of Revenues) %                     51.4 55.0 30.8 60.5 60.7    
Fee Income (As % Of Revenues) %                     16.1 18.1 6.67 11.0 7.30    
Staff Cost (As % Of Total Cost) %                     55.4 51.5 54.2 53.7 50.9    
Equity (As % Of Assets) %                     12.6 12.7 13.7 12.2 11.3    
Loans (As % Of Deposits) %                     88.3 72.1 66.8 56.2 53.7    
Loans (As % Assets) %                     68.0 59.3 53.2 36.1 32.2    
NPLs (As % Of Loans) %                     3.44 5.55 6.47 4.48 5.96    
Provisions (As % Of NPLs) %                     61.6 29.4 28.9 56.8 56.2    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Interest Income CZK mil                     784 509 509 446 520    
Interest Cost CZK mil                     418 206 158 111 88.0    
Net Interest Income CZK mil                     366 303 351 335 432    
Net Fee Income CZK mil                     115 99.8 76.0 61.0 52.0    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                     231 149 712 158 228    
Total Revenues CZK mil                     711 552 1,139 554 712    
Staff Cost CZK mil                     385 236 218 256 258    
Depreciation CZK mil                     92.6 63.1 53.0 29.0 20.0    
Other Cost CZK mil                     217 159 131 192 229    
Operating Cost CZK mil                     694 459 402 477 507    
Operating Profit CZK mil                     16.7 93.4 737 77.0 205    
Provisions CZK mil                     -42.4 -16.3 287 142 -10.0    
Extra and Other Cost CZK mil                     < -0.001 < 0.001 30.0 0 0    
Pre-Tax Profit CZK mil                     59.1 110 420 -65.0 215    
Tax CZK mil                     38.5 4.54 95.5 6.00 14.0    
Minorities CZK mil                     0 0 0 0 0    
Net Profit CZK mil                     20.6 105 325 -71.0 201    
Net Profit Avail. to Common CZK mil                     20.6 105 325 -71.0 201    
growth rates                                  
Net Interest Income Growth % ...                   -24.9 -17.1 15.7 -4.56 29.0    
Net Fee Income Growth % ...                   -4.44 -12.9 -23.9 -19.7 -14.8    
Total Revenue Growth % ...                   -7.90 -22.4 106 -51.4 28.5    
Operating Cost Growth % ...                   -3.90 -34.0 -12.3 18.6 6.29    
Operating Profit Growth % ...                   -66.3 460 689 -89.6 166    
Pre-Tax Profit Growth % ...                   80.0 85.6 283 -115 -431    
Net Profit Growth % ...                   226 410 209 -122 -383    
market share                                  
Market Share in Revenues %                     0.424 0.317 0.632 0.309 0.374    
Market Share in Net Profit %           ...         0.033 0.158 0.440 ... 0.247   ...
Market Share in Employees %                     0.800 0.520 0.485 0.513 0.490    
Market Share in Branches % ... ... ... ...             0.361 0.370 0.391 0.360 0.102    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                  
Cash & Cash Equivalents CZK mil                     205 468 227 593 477    
Interbank Loans CZK mil                     5,390 7,157 9,755 14,009 14,542    
Customer Loans CZK mil                     14,131 12,927 12,133 9,111 8,027    
Retail Loans CZK mil ... ... ...               9,422 8,224 6,129 4,040 2,265    
Mortgage Loans CZK mil ... ... ...               8,722 7,674 6,465 3,733 2,015 ... ...
Consumer Loans CZK mil ... ... ...               700 550 445 307 250 ... ...
Corporate Loans CZK mil ... ... ...               4,350 4,275 5,060 5,071 5,762    
Investments CZK mil                     296 604 500 1,274 1,615    
Property and Equipment CZK mil                     657 594 105 40.0 60.0    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                     20,781 21,799 22,826 25,235 24,913    
                                     
Shareholders' Equity CZK mil                     2,614 2,759 3,125 3,068 2,806    
Of Which Minority Interest CZK mil                     0 0 0 0 0    
Liabilities CZK mil                     18,167 19,040 19,701 22,167 22,107    
Interbank Borrowing CZK mil                     1,312 311 684 5,181 6,703    
Customer Deposits CZK mil                     16,006 17,921 18,173 16,208 14,951    
Retail Deposits CZK mil ... ... ...               10,567 12,442 14,756 13,026 10,610    
Corporate Deposits CZK mil ... ... ...               4,135 3,786 2,988 2,887 4,056    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ...   14,040 16,238 16,838 13,190 12,222    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ...   1,966 1,683 1,335 3,018 2,729    
Issued Debt Securities CZK mil                     497 526 479 434 234    
Other Liabilities CZK mil                     352 281 366 344 219    
asset quality                                  
Non-Performing Loans CZK mil                     496 730 799 419 495    
Gross Loans CZK mil                     14,434 13,142 12,364 9,349 8,305    
Risk-Weighted Assets CZK mil                     9,465 9,924 9,858 9,805 10,571    
Total Provisions CZK mil                     306 215 231 238 278    
growth rates                                  
Customer Loan Growth % ...                   -40.4 -8.52 -6.14 -24.9 -11.9    
Retail Loan Growth % ... ... ... ...             7.54 -12.7 -25.5 -34.1 -43.9    
Mortgage Loan Growth % ... ... ... ...             10.9 -12.0 -15.8 -42.3 -46.0 ... ...
Consumer Loan Growth % ... ... ... ...             -22.2 -21.4 -19.1 -31.0 -18.6 ... ...
Corporate Loan Growth % ... ... ... ...             -66.0 -1.73 18.4 0.212 13.6    
Total Asset Growth % ...                   -34.0 4.90 4.71 10.6 -1.28    
Shareholders' Equity Growth % ...                   -7.60 5.56 13.3 -1.83 -8.54    
Customer Deposit Growth % ...                   -28.7 12.0 1.40 -10.8 -7.76    
Retail Deposit Growth % ... ... ... ...             -20.5 17.7 18.6 -11.7 -18.5    
Corporate Deposit Growth % ... ... ... ...             -39.0 -8.44 -21.1 -3.38 40.5    
market share                                  
Market Share in Customer Loans %                     0.536 0.465 0.411 0.295 0.243    
Market Share in Corporate Loans % ... ... ...               0.497 0.464 0.519 0.496 0.533    
Market Share in Retail Loans % ... ... ...               0.212 0.156 0.121 0.080 0.063 ... ...
Market Share in Consumer Loans % ... ... ...               0.766 0.621 0.432 0.264 0.138    
Market Share in Mortgage Loans % ... ... ...               0.969 0.790 0.614 0.325 0.162 ... ...
Market Share in Total Assets %                     0.386 0.393 0.379 0.357 0.340    
Market Share in Customer Deposits %                     0.466 0.509 0.482 0.389 0.336    
Market Share in Retail Deposits % ... ... ...               0.549 0.611 0.668 0.550 0.415    
Market Share in Corporate Deposits % ... ... ...               0.493 0.411 0.326 0.290 0.390    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
ROE % ...                   0.757 3.91 11.0 -2.29 6.84    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ...                   0.963 7.23 21.9 -4.81 13.2    
ROA % ...                   0.079 0.494 1.46 -0.295 0.802    
Return on Loans % ...                   0.109 0.777 2.59 -0.668 2.35    
Operating Profit (As % of RWA) % ...                   0.117 0.963 7.45 0.783 2.01    
Costs (As % Of Assets) % ...                   2.66 2.15 1.80 1.98 2.02    
Costs (As % Of Income) %                     97.7 83.1 35.3 86.1 71.2    
Costs (As % Of Loans) % ...                   3.67 3.39 3.21 4.49 5.92    
Costs (As % Of Loans & Deposits) % ...                   1.82 1.50 1.32 1.72 2.10    
Capital Adequacy Ratio %                     24.8 25.1 28.5 28.2 23.9    
Tier 1 Ratio %                     24.8 25.1 28.5 28.2 23.9    
Net Interest Margin % ...                   1.40 1.43 1.57 1.39 1.72    
Interest Spread % ...                   1.21 1.29 1.47 1.33 1.68    
Asset Yield % ...                   3.00 2.39 2.28 1.86 2.07    
Revenues (As % of RWA) % ...                   4.99 5.69 11.5 5.63 6.99    
Cost Of Liabilities % ...                   1.79 1.11 0.816 0.530 0.398    
Interest Income (As % Of Revenues) %                     51.4 55.0 30.8 60.5 60.7    
Fee Income (As % Of Revenues) %                     16.1 18.1 6.67 11.0 7.30    
Other Income (As % Of Revenues) %                     32.4 26.9 62.5 28.5 32.0    
Staff Cost (As % Of Total Cost) %                     55.4 51.5 54.2 53.7 50.9    
Equity (As % Of Assets) %                     12.6 12.7 13.7 12.2 11.3    
Equity (As % Of Loans) %                     18.5 21.3 25.8 33.7 35.0    
Loans (As % Of Deposits) %                     88.3 72.1 66.8 56.2 53.7    
Loans (As % Assets) %                     68.0 59.3 53.2 36.1 32.2    
NPLs (As % Of Loans) %                     3.44 5.55 6.47 4.48 5.96    
Provisions (As % Of NPLs) %                     61.6 29.4 28.9 56.8 56.2    
Provisions (As % Of Loans) %                     2.16 1.66 1.91 2.61 3.46    
Cost of Provisions (As % Of Loans) % ...                   -0.224 -0.120 2.29 1.34 -0.117    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Branches ... ... ... ...             8.00 8.00 8.00 7.00 2.00    
Employees                     323 214 199 215 205    
Employees Per Bank Branch ... ... ... ...             40.4 26.8 24.9 30.7 103    
Cost Per Employee USD per month                     4,647 3,853 3,618 4,229 4,794    
Cost Per Employee (Local Currency) CZK per month                     99,326 91,979 91,290 99,225 104,878    

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Expobank CR's customer loans rose 22.4% yoy to CZK 6,589 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's customer loans reached CZK 6,589 mil in 2021-09-30, up 14.6% compared to the previous year. Czech banking sector provided customer loans of CZK 3,777 bil in 2021-09-30, up 2.04% when compared to the last year. Expobank Czech Repu...

Expobank CR's employees fell 2.92% yoy to 192 in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic employed 192 persons in 2021-09-30, down 0.922% when compared to the previous year. Historically, the bank's workforce hit an all time high of 392 persons in 2009-12-31 and an all time low of 178 in 2018-03-31. Average cost reached USD 5,37...

Expobank CR's costs (as % of assets) rose 27.2% yoy to 3.48% in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's cost to income ratio reached 134% in the third quarter of 2021, up from 127% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 228% of income in 4Q2020 and an all time low of 18.5% in ...

Expobank CR's capital adequacy ratio fell 5.89% yoy to 24.8% in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's capital adequacy ratio reached 24.8% at the end of third quarter of 2021, down from 27.6% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 28.5% in 4Q2016 and an all time low of 12.4% in...

Expobank CR's retail deposits remain unchanged yoy at CZK 7,940 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's retail deposits reached CZK 7,940 mil in 2021-09-30, up 22.4% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,258 bil in 2021-09-30, up 1.01% when compared to the last year. Expobank Czech Re...

Expobank CR's retail loans fell 20.9% yoy to CZK 1,150 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's retail loans reached CZK 1,150 mil in the third quarter of 2021, down 4.96% compared to the previous year. Czech banking sector provided retail loans of CZK 1,991 bil in 3Q2021, up 2.84% when compared to the last year. Expobank C...

Expobank CR's net profit rose 87.6% yoy to CZK -8.24 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic made a net profit of CZK -8.24 mil in the third quarter of 2021, up 87.6% when compared to the same period of last year. This implies a return on equity of -1.27%. Historically, the bank’s net profit reached an all time high of CZK 290 mil...

Expobank CR's net profit rose 87.6% yoy to CZK -8.24 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic made a net profit of CZK -8.24 mil under revenues of CZK 99.8 mil in the third quarter of 2021, up 87.6% and 1.41% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...

Expobank CR's corporate deposits remain unchanged yoy at CZK 2,792 mil in 3Q2021

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's corporate deposits reached CZK 2,792 mil in 2021-09-30, up 6.09% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,267 bil in 2021-09-30, up 1.15% when compared to the last year. Expobank Cz...

Expobank CR's consumer loans fell 32.6% yoy to CZK 225 mil in 1Q2019

By Helgi Analytics - March 20, 2022

Expobank Czech Republic's consumer loans reached CZK 225 mil in 2019-03-31, down 10.0% compared to the previous year. Czech banking sector provided consumer loans of CZK 399 bil in 2019-03-31, up 0.541% when compared to the last year. Expobank Czech Repub...

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Expobank Czech Republic (formerly known as LBBW Bank CZ) is a Czech Republic-based universal commercial bank. The bank has been present on the Czech banking market since 1991 and since 2008 (when it took over the operations of Austria's BAWAG) it has been 100% owned by Landesbank Baden-Württemberg, one of the largest banks in Germany. At the end of 2014, Czech operations of LBBW have been taken over by Igor Kim and the Bank has been renamed to Expobank CZ.

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Finance

Expobank Czech Republic has been growing its revenues and asset by -7.74% and -4.61% a year on average in the last 10 years. Its loans and deposits have grown by -9.23% and -5.40% a year during that time and loans to deposits ratio reached 67.0% at the end of 2020. The company achieved an average return on equity of 2.39% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 147% in 2020, compared to 87.5% average in the last decade.

Equity represented 16.8% of total assets or 37.2% of loans at the end of 2020. Expobank Czech Republic's non-performing loans were 0.669% of total loans while provisions covered some 408% of NPLs at the end of 2020.