By Helgi Analytics - October 7, 2019
Fio banka made a net profit of CZK 530 mil in the second quarter of 2019, up 88.6% when compared to the same period of last year....
By Helgi Analytics - October 7, 2019
Fio banka's net interest margin amounted to 1.55% in the second quarter of 2019, up from 1.51% when compared to the previous qua...
By Helgi Analytics - October 7, 2019
Fio banka generated total banking revenues of CZK 860 mil in 2019-06-30, up 18.7% compared to the previous year. Czech ban...
Profit Statement | 2016 | 2017 | 2018 | |
Net Interest Income | CZK mil | 431 | 561 | 1,303 |
Fee Income (As % Of Revenues) | % | 34.1 | 23.9 | 14.8 |
Other Income | CZK mil | 58.7 | 575 | 534 |
Total Revenues | CZK mil | 743 | 1,493 | 2,155 |
Staff Cost | CZK mil | 29.2 | 32.3 | 42.1 |
Operating Profit | CZK mil | 156 | 871 | 1,470 |
Provisions | CZK mil | -61.9 | 393 | 217 |
Net Profit | CZK mil | 178 | 408 | 1,028 |
Balance Sheet | 2016 | 2017 | 2018 | |
Interbank Loans | CZK mil | 1,454 | 2,064 | 1,810 |
Customer Loans | CZK mil | 13,801 | 13,147 | 15,134 |
Debt Securities | CZK mil | 5,013 | 4,406 | 4,335 |
Total Assets | CZK mil | 80,480 | 107,574 | 124,500 |
Shareholders' Equity | CZK mil | 1,251 | 1,659 | 2,642 |
Interbank Borrowing | CZK mil | 172 | 173 | 237 |
Customer Deposits | CZK mil | 77,876 | 103,711 | 120,583 |
Issued Debt Securities | CZK mil | 0 | 90.0 | 90.0 |
Ratios | 2016 | 2017 | 2018 | |
ROE | % | 15.5 | 28.1 | 47.8 |
ROA | % | 0.258 | 0.434 | 0.886 |
Costs (As % Of Assets) | % | 0.850 | 0.661 | 0.591 |
Costs (As % Of Income) | % | 79.0 | 41.6 | 31.8 |
Capital Adequacy Ratio | % | 11.2 | 12.5 | 15.3 |
Net Interest Margin | % | 0.624 | 0.597 | 1.12 |
Loans (As % Of Deposits) | % | 17.7 | 12.7 | 12.6 |
NPLs (As % Of Loans) | % | 9.94 | 7.92 | 5.59 |
Provisions (As % Of NPLs) | % | 15.5 | 48.7 | 63.2 |
Growth Rates | 2016 | 2017 | 2018 | |
Total Revenue Growth | % | -26.7 | 101 | 44.4 |
Operating Cost Growth | % | 3.72 | 5.84 | 10.3 |
Operating Profit Growth | % | -65.1 | 460 | 68.7 |
Net Profit Growth | % | 237 | 129 | 152 |
Customer Loan Growth | % | 3.87 | -4.74 | 15.1 |
Total Asset Growth | % | 39.7 | 33.7 | 15.7 |
Customer Deposit Growth | % | 40.8 | 33.2 | 16.3 |
Shareholders' Equity Growth | % | 18.5 | 32.6 | 59.3 |
Employees | 53.0 | 49.0 | 53.0 |
Get all company financials in excel:
summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||
Net Interest Income | CZK mil | 128 | 220 | 255 | 395 | 431 | |||||||||||
Total Revenues | CZK mil | 437 | 522 | 768 | 1,013 | 743 | |||||||||||
Operating Profit | CZK mil | 111 | 121 | 246 | 447 | 156 | |||||||||||
Net Profit | CZK mil | 63.4 | 36.2 | 40.5 | 52.9 | 178 | |||||||||||
balance sheet | |||||||||||||||||
Interbank Loans | CZK mil | 1,502 | 1,869 | 1,389 | 1,664 | 1,454 | |||||||||||
Customer Loans | CZK mil | 6,465 | 9,208 | 10,523 | 13,287 | 13,801 | |||||||||||
Debt Securities | CZK mil | 5,668 | 6,208 | 9,359 | 8,309 | 5,013 | |||||||||||
Total Assets | CZK mil | 18,561 | 27,260 | 40,875 | 57,611 | 80,480 | |||||||||||
Shareholders' Equity | CZK mil | 726 | 763 | 1,003 | 1,056 | 1,251 | |||||||||||
Interbank Borrowing | CZK mil | 260 | 385 | 182 | 649 | 172 | |||||||||||
Customer Deposits | CZK mil | 17,174 | 25,695 | 39,054 | 55,320 | 77,876 | |||||||||||
Issued Debt Securities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 50.0 | 0 | 0 | 0 | 0 | ||||
ratios | |||||||||||||||||
ROE | % | 9.13 | 4.86 | 4.59 | 5.14 | 15.5 | |||||||||||
ROA | % | 0.395 | 0.158 | 0.119 | 0.107 | 0.258 | |||||||||||
Costs (As % Of Assets) | % | 2.03 | 1.75 | 1.53 | 1.15 | 0.850 | |||||||||||
Costs (As % Of Income) | % | 74.6 | 76.9 | 67.9 | 55.9 | 79.0 | |||||||||||
Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 10.4 | 10.9 | 12.4 | 12.3 | 11.2 | ||||
Net Interest Margin | % | 0.796 | 0.962 | 0.749 | 0.802 | 0.624 | |||||||||||
Interest Income (As % Of Revenues) | % | 29.2 | 42.2 | 33.2 | 39.0 | 58.0 | |||||||||||
Fee Income (As % Of Revenues) | % | 36.6 | 36.1 | 32.9 | 27.8 | 34.1 | |||||||||||
Staff Cost (As % Of Total Cost) | % | 8.37 | 7.15 | 6.20 | 6.83 | 4.98 | |||||||||||
Equity (As % Of Assets) | % | 3.91 | 2.80 | 2.45 | 1.83 | 1.55 | |||||||||||
Loans (As % Of Deposits) | % | 37.6 | 35.8 | 26.9 | 24.0 | 17.7 | |||||||||||
Loans (As % Assets) | % | 34.8 | 33.8 | 25.7 | 23.1 | 17.1 | |||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 13.3 | 15.7 | 13.5 | 11.4 | 9.94 | ||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.15 | 8.24 | 21.3 | 19.8 | 15.5 |
income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||
Interest Income | CZK mil | 536 | 548 | 603 | 497 | 504 | |||||||||||
Interest Cost | CZK mil | 408 | 328 | 348 | 102 | 73.5 | |||||||||||
Net Interest Income | CZK mil | 128 | 220 | 255 | 395 | 431 | |||||||||||
Net Fee Income | CZK mil | 160 | 188 | 253 | 282 | 253 | |||||||||||
Other Income | CZK mil | 149 | 113 | 260 | 336 | 58.7 | |||||||||||
Total Revenues | CZK mil | 437 | 522 | 768 | 1,013 | 743 | |||||||||||
Staff Cost | CZK mil | 27.3 | 28.7 | 32.3 | 38.7 | 29.2 | |||||||||||
Depreciation | CZK mil | 4.49 | 7.04 | 7.67 | 6.85 | 6.92 | |||||||||||
Other Cost | CZK mil | 294 | 366 | 482 | 521 | 551 | |||||||||||
Operating Cost | CZK mil | 326 | 402 | 522 | 566 | 587 | |||||||||||
Operating Profit | CZK mil | 111 | 121 | 246 | 447 | 156 | |||||||||||
Provisions | CZK mil | 32.7 | 76.2 | 195 | 355 | -61.9 | |||||||||||
Extra and Other Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Pre-Tax Profit | CZK mil | 78.5 | 44.3 | 51.7 | 92.2 | 218 | |||||||||||
Tax | CZK mil | 15.0 | 8.09 | 11.2 | 39.3 | 39.2 | |||||||||||
Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Net Profit | CZK mil | 63.4 | 36.2 | 40.5 | 52.9 | 178 | |||||||||||
growth rates | |||||||||||||||||
Net Interest Income Growth | % | ... | 0.541 | 72.5 | 15.8 | 54.7 | 9.12 | ||||||||||
Net Fee Income Growth | % | ... | -14.9 | 17.5 | 34.3 | 11.4 | -10.1 | ||||||||||
Total Revenue Growth | % | ... | 66.9 | 19.4 | 47.1 | 31.9 | -26.7 | ||||||||||
Operating Cost Growth | % | ... | 30.2 | 23.1 | 29.8 | 8.52 | 3.72 | ||||||||||
Operating Profit Growth | % | ... | 867 | 8.39 | 105 | 81.3 | -65.1 | ||||||||||
Pre-Tax Profit Growth | % | ... | 290 | -43.6 | 16.8 | 78.3 | 136 | ||||||||||
Net Profit Growth | % | ... | 278 | -43.0 | 12.0 | 30.7 | 237 | ||||||||||
market share | |||||||||||||||||
Market Share in Revenues | % | 0.262 | 0.311 | 0.457 | 0.582 | 0.412 | |||||||||||
Market Share in Net Profit | % | 0.099 | 0.059 | 0.064 | 0.080 | 0.243 | |||||||||||
Market Share in Employees | % | ... | ... | ... | ... | ... | 0.146 | 0.154 | 0.176 | 0.185 | 0.129 | ||||||
Market Share in Branches | % | ... | ... | ... | ... | ... | ... | ... | 3.33 | 3.41 | 3.88 | 4.06 | 4.55 |
balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
balance sheet | |||||||||||||||||
Cash | CZK mil | 4,222 | 5,212 | 9,337 | 31,964 | 58,842 | |||||||||||
Interbank Loans | CZK mil | 1,502 | 1,869 | 1,389 | 1,664 | 1,454 | |||||||||||
Customer Loans | CZK mil | 6,465 | 9,208 | 10,523 | 13,287 | 13,801 | |||||||||||
Retail Loans | CZK mil | ... | ... | ... | ... | ... | ... | ... | 1,188 | 4,189 | 4,439 | 4,617 | 4,465 | ||||
Corporate Loans | CZK mil | ... | ... | ... | ... | ... | ... | ... | 5,276 | 5,019 | 6,084 | 8,669 | 9,336 | ||||
Debt Securities | CZK mil | 5,668 | 6,208 | 9,359 | 8,309 | 5,013 | |||||||||||
Fixed Assets | CZK mil | 15.9 | 16.5 | 14.3 | 13.5 | 17.8 | |||||||||||
Total Assets | CZK mil | 18,561 | 27,260 | 40,875 | 57,611 | 80,480 | |||||||||||
Shareholders' Equity | CZK mil | 726 | 763 | 1,003 | 1,056 | 1,251 | |||||||||||
Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Liabilities | CZK mil | 17,835 | 26,498 | 39,872 | 56,555 | 79,229 | |||||||||||
Interbank Borrowing | CZK mil | 260 | 385 | 182 | 649 | 172 | |||||||||||
Customer Deposits | CZK mil | 17,174 | 25,695 | 39,054 | 55,320 | 77,876 | |||||||||||
Sight Deposits | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 37,205 | 51,955 | 73,564 | ||
Term Deposits | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,850 | 3,365 | 4,312 | ||
Issued Debt Securities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 50.0 | 0 | 0 | 0 | 0 | ||||
Other Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 351 | 418 | 636 | 586 | 1,181 | ||||
asset quality | |||||||||||||||||
Non-Performing Loans | CZK mil | ... | ... | ... | ... | ... | ... | ... | 864 | 1,462 | 1,468 | 1,548 | 1,393 | ||||
Gross Loans | CZK mil | ... | ... | ... | ... | ... | ... | ... | 6,501 | 9,329 | 10,836 | 13,593 | 14,017 | ||||
Total Provisions | CZK mil | ... | ... | ... | ... | ... | ... | ... | 35.8 | 120 | 313 | 306 | 215 | ||||
growth rates | |||||||||||||||||
Customer Loan Growth | % | ... | 24.3 | 42.4 | 14.3 | 26.3 | 3.87 | ||||||||||
Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 6.47 | 253 | 5.95 | 4.03 | -3.29 | |||
Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 29.2 | -4.88 | 21.2 | 42.5 | 7.69 | |||
Total Asset Growth | % | ... | 37.1 | 46.9 | 49.9 | 40.9 | 39.7 | ||||||||||
Shareholders' Equity Growth | % | ... | 9.57 | 4.98 | 31.5 | 5.27 | 18.5 | ||||||||||
Customer Deposit Growth | % | ... | 42.0 | 49.6 | 52.0 | 41.6 | 40.8 | ||||||||||
market share | |||||||||||||||||
Market Share in Customer Loans | % | 0.274 | 0.366 | 0.399 | 0.478 | 0.468 | |||||||||||
Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | 0.632 | 0.579 | 0.696 | 0.941 | 0.957 | ||||
Market Share in Consumer Loans | % | ... | ... | ... | ... | ... | ... | ... | 0.105 | 0.354 | 0.361 | 0.349 | 0.314 | ||||
Market Share in Total Assets | % | 0.401 | 0.524 | 0.759 | 1.04 | 1.34 | |||||||||||
Market Share in Customer Deposits | % | 0.549 | 0.769 | 1.14 | 1.57 | 2.07 |
ratios | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
ratios | |||||||||||||||||
ROE | % | 9.13 | 4.86 | 4.59 | 5.14 | 15.5 | |||||||||||
ROA | % | 0.395 | 0.158 | 0.119 | 0.107 | 0.258 | |||||||||||
Costs (As % Of Assets) | % | 2.03 | 1.75 | 1.53 | 1.15 | 0.850 | |||||||||||
Costs (As % Of Income) | % | 74.6 | 76.9 | 67.9 | 55.9 | 79.0 | |||||||||||
Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 10.4 | 10.9 | 12.4 | 12.3 | 11.2 | ||||
Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.72 | 11.3 | 11.2 | 10.3 | ||
Net Interest Margin | % | 0.796 | 0.962 | 0.749 | 0.802 | 0.624 | |||||||||||
Interest Spread | % | ... | 0.681 | 0.914 | 0.722 | 0.797 | 0.622 | ||||||||||
Asset Yield | % | 3.34 | 2.39 | 1.77 | 1.01 | 0.731 | |||||||||||
Cost Of Liabilities | % | ... | 2.66 | 1.48 | 1.05 | 0.212 | 0.108 | ||||||||||
Interest Income (As % Of Revenues) | % | 29.2 | 42.2 | 33.2 | 39.0 | 58.0 | |||||||||||
Fee Income (As % Of Revenues) | % | 36.6 | 36.1 | 32.9 | 27.8 | 34.1 | |||||||||||
Other Income (As % Of Revenues) | % | 34.1 | 21.7 | 33.8 | 33.2 | 7.91 | |||||||||||
Cost Per Employee | USD per month | ... | ... | ... | ... | ... | 1,972 | 1,975 | 1,776 | 1,776 | 1,821 | ||||||
Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | ... | 38,566 | 38,636 | 37,955 | 42,395 | 45,950 | ||||||
Staff Cost (As % Of Total Cost) | % | 8.37 | 7.15 | 6.20 | 6.83 | 4.98 | |||||||||||
Equity (As % Of Assets) | % | 3.91 | 2.80 | 2.45 | 1.83 | 1.55 | |||||||||||
Loans (As % Of Deposits) | % | 37.6 | 35.8 | 26.9 | 24.0 | 17.7 | |||||||||||
Loans (As % Assets) | % | 34.8 | 33.8 | 25.7 | 23.1 | 17.1 | |||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 13.3 | 15.7 | 13.5 | 11.4 | 9.94 | ||||
Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.15 | 8.24 | 21.3 | 19.8 | 15.5 | ||
Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 0.554 | 1.31 | 2.98 | 2.30 | 1.56 | ||||
Cost of Provisions (As % Of Loans) | % | 0.560 | 0.973 | 1.97 | 2.98 | -0.457 |
other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
other data | |||||||||||||||||
Branches | ... | ... | ... | ... | ... | ... | ... | 70.0 | 76.0 | 86.0 | 88.0 | 93.0 | |||||
Employees | ... | ... | ... | ... | ... | 59.0 | 62.0 | 71.0 | 76.0 | 53.0 | |||||||
ATMs | ... | ... | ... | ... | ... | ... | ... | ... | 122 | 142 | 150 | 157 | 159 | ||||
Clients | mil | ... | ... | ... | ... | ... | 0.227 | 0.330 | 0.445 | 0.555 | 0.670 | ||||||
Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 95.3 | 93.9 | 94.5 |
Get all company financials in excel:
By Helgi Analytics - October 7, 2019
Fio banka's customer deposits reached CZK 144,499 mil in 2019-06-30, up 5.36% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,953 bil in 2019-06-30, up 3.71% when compared to the last year. Fio banka accounted for 2...
By Helgi Analytics - October 7, 2019
Fio banka's customer loans reached CZK 16,945 mil in 2019-06-30, up 7.63% compared to the previous year. Czech banking sector provided customer loans of CZK 3,398 bil in 2019-06-30, up 1.23% when compared to the last year. Fio banka accounted for 0.499% o...
By Helgi Analytics - October 7, 2019
Fio banka's capital adequacy ratio reached 15.0% at the end of second quarter of 2019, down from 16.2% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 16.2% in 1Q2019 and an all time low of 10.4% in 2Q2014. ...
By Helgi Analytics - October 7, 2019
Fio banka generated total banking revenues of CZK 860 mil in the second quarter of 2019, up 94.6% when compared to the same period of last year and 18.7% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee ...
By Helgi Analytics - October 7, 2019
Fio banka's cost to income ratio reached 18.9% in the second quarter of 2019, down from 30.2% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 97.3% of income in 4Q2013 and an all time low of 16.1% in 4Q2015. ...
By Helgi Analytics - October 7, 2019
Fio banka's non-performing loans reached 10.2% of total loans at the end of 2019-06-30, up from 5.11% compared to the previous year. Historically, the NPL ratio hit an all time high of 20.4% in 2013-09-30 and an all time low of 4.21% in 2018-09-30. Provisio...
By Helgi Analytics - October 7, 2019
Fio banka employed 48.0 persons in 2019-06-30, up 2.13% when compared to the previous year. Historically, the bank's workforce hit an all time high of 76.0 persons in 2015-09-30 and an all time low of 43.0 in 2017-09-30. Average cost reached USD 4,434 per month p...
By Helgi Analytics - October 7, 2019
Fio banka's customer loan growth reached 24.4% in 2019-06-30, up from 16.4% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 67.2% in 2016-06-30 and an all time low of -43.8% in 2017-09-30. In the last decad...
By Helgi Analytics - October 7, 2019
Fio banka's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.098% in the second quarter of 2019, down from 0.398% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 1.58% in 4Q2015 a...
By Helgi Analytics - October 7, 2019
Fio banka's Equity reached of total assets in the 2Q2019, up from 7.13% for the previous year. As a share of net customer loans, the ratio amounted to at the end of the second quarter of 2019. ...
Fio banka is a young Czech bank established only in 2008. But, the history of Fio dates back to 1993 when a group of students established a securities broker. Since then, Fio has expanded both geographically (as it entered a number of stock exchanges in the Central Europe and elsewehere) as well as business-wise (with a credit union started in 1996). The expansion has been crowned by a an acquisition of RM-System, Czech Republic's off-market securities exchange. Nowadays, the bank already services more than 900,000 clients through a network of 80 branches occuppying around 1% of the Czech banking market by assets (2018 figures).
Fio banka has been growing its revenues and asset by 32.8% and 35.5% a year on average in the last 5 years. Its loans and deposits have grown by 10.4% and 36.2% a year during that time and loans to deposits ratio reached 12.6% at the end of 2018. The company achieved an average return on equity of 20.2% in the last five years with net profit growing 95.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 31.8% in 2018, compared to 55.3% average in the last five years.
Equity represented 2.12% of total assets or 17.5% of loans at the end of 2018. Fio banka's non-performing loans were 5.59% of total loans while provisions covered some 63.2% of NPLs at the end of 2018.