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Fio banka

Fio's net profit rose 98.5% yoy to CZK 635 mil in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka made a net profit of CZK 635 mil in the third quarter of 2021, up 98.5% when compared to the same period of last year. ...

Fio's customer loans rose 35.9% yoy to CZK 35,000 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Fio banka's customer loans reached CZK 35,000 mil in 2021-09-30, up 5.13% compared to the previous year. Czech banking sector p...

Fio's employees rose 19.5% yoy to 92.0 in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka employed 92.0 persons in 2021-09-30, up 2.22% when compared to the previous year. Historically, the bank's workforce h...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 1,303 2,398 2,007
Net Fee Income CZK mil 318 376 433
Other Income CZK mil 534 555 602
Total Revenues CZK mil 2,155 3,328 3,064
Staff Cost CZK mil 42.1 108 131
Operating Profit CZK mil 1,470 2,531 2,096
Provisions CZK mil 217 306 636
Net Profit CZK mil 1,028 1,803 1,177
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 1,810 2,097 1,915
Customer Loans CZK mil 15,134 20,148 26,145
Investments CZK mil 4,335 4,358 68,763
Total Assets CZK mil 124,500 146,770 182,537
Shareholders' Equity CZK mil 2,642 4,454 5,602
Interbank Borrowing CZK mil 237 233 224
Customer Deposits CZK mil 120,583 140,442 174,860
Issued Debt Securities CZK mil 90.0 90.0 90.0
Ratios 2018 2019 2020
ROE % 47.8 50.8 23.4
ROA % 0.886 1.33 0.715
Costs (As % Of Assets) % 0.591 0.588 0.588
Costs (As % Of Income) % 31.8 24.0 31.6
Capital Adequacy Ratio % 15.3 18.2 21.1
Net Interest Margin % 1.12 1.77 1.22
Loans (As % Of Deposits) % 12.6 14.3 15.0
NPLs (As % Of Loans) % 5.59 10.8 13.6
Provisions (As % Of NPLs) % 63.2 39.5 42.1
Growth Rates 2018 2019 2020
Total Revenue Growth % 44.4 54.4 -7.95
Operating Cost Growth % 10.3 16.3 21.4
Operating Profit Growth % 68.7 72.2 -17.2
Net Profit Growth % 152 75.3 -34.8
Customer Loan Growth % 15.1 33.1 29.8
Total Asset Growth % 15.7 17.9 24.4
Customer Deposit Growth % 16.3 16.5 24.5
Shareholders' Equity Growth % 59.3 68.6 25.8
Employees 53.0 72.0 86.0

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                    
Net Interest Income CZK mil                       255 395 431 561 1,303    
Total Revenues CZK mil                       768 1,013 743 1,493 2,155    
Operating Profit CZK mil                       246 447 156 871 1,470    
Net Profit CZK mil                       40.5 52.9 178 408 1,028    
balance sheet                                    
Interbank Loans CZK mil                       1,389 1,664 1,454 2,064 1,810    
Customer Loans CZK mil                       10,523 13,287 13,801 13,147 15,134    
Investments CZK mil                       9,359 8,309 5,013 4,406 4,335    
Total Assets CZK mil                       40,875 57,611 80,480 107,574 124,500    
                                       
Shareholders' Equity CZK mil                       1,003 1,056 1,251 1,659 2,642    
Interbank Borrowing CZK mil                       182 649 172 173 237    
Customer Deposits CZK mil                       39,054 55,320 77,876 103,711 120,583    
Issued Debt Securities CZK mil                       0 0 0 90.0 90.0    
ratios                                    
ROE % ...                     4.59 5.14 15.5 28.1 47.8    
ROA % ...                     0.119 0.107 0.258 0.434 0.886    
Costs (As % Of Assets) % ...                     1.53 1.15 0.850 0.661 0.591    
Costs (As % Of Income) %                       67.9 55.9 79.0 41.6 31.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ...         12.4 12.3 11.2 12.5 15.3    
Net Interest Margin % ...                     0.749 0.802 0.624 0.597 1.12    
Interest Income (As % Of Revenues) %                       33.2 39.0 58.0 37.6 60.5    
Fee Income (As % Of Revenues) %                       32.9 27.8 34.1 23.9 14.8    
Staff Cost (As % Of Total Cost) %                       6.20 6.83 4.98 5.20 6.15    
Equity (As % Of Assets) %                       2.45 1.83 1.55 1.54 2.12    
Loans (As % Of Deposits) %                       26.9 24.0 17.7 12.7 12.6    
Loans (As % Assets) %                       25.7 23.1 17.1 12.2 12.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...         13.5 11.4 9.94 7.92 5.59    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...     21.3 19.8 15.5 48.7 63.2    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                    
Interest Income CZK mil                       603 497 504 628 1,562    
Interest Cost CZK mil                       348 102 73.5 66.6 259    
Net Interest Income CZK mil                       255 395 431 561 1,303    
Net Fee Income CZK mil                       253 282 253 357 318    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                       260 336 58.7 575 534    
Total Revenues CZK mil                       768 1,013 743 1,493 2,155    
Staff Cost CZK mil                       32.3 38.7 29.2 32.3 42.1    
Depreciation CZK mil                       7.67 6.85 6.92 8.62 7.97    
Other Cost CZK mil                       482 521 551 581 635    
Operating Cost CZK mil                       522 566 587 622 685    
Operating Profit CZK mil                       246 447 156 871 1,470    
Provisions CZK mil                       195 355 -61.9 393 217    
Extra and Other Cost CZK mil                       0 0 0 -1.99 -4.07    
Pre-Tax Profit CZK mil                       51.7 92.2 218 481 1,257    
Tax CZK mil                       11.2 39.3 39.2 72.7 229    
Minorities CZK mil                       0 0 0 0 0    
Net Profit CZK mil                       40.5 52.9 178 408 1,028    
Net Profit Avail. to Common CZK mil                       40.5 52.9 178 408 1,028    
growth rates                                    
Net Interest Income Growth % ...                     15.8 54.7 9.12 30.2 132    
Net Fee Income Growth % ...                     34.3 11.4 -10.1 40.9 -10.8    
Total Revenue Growth % ...                     47.1 31.9 -26.7 101 44.4    
Operating Cost Growth % ...                     29.8 8.52 3.72 5.84 10.3    
Operating Profit Growth % ...                     105 81.3 -65.1 460 68.7    
Pre-Tax Profit Growth % ...                     16.8 78.3 136 121 161    
Net Profit Growth % ...                     12.0 30.7 237 129 152    
market share                                    
Market Share in Revenues %                       0.457 0.582 0.412 0.833 1.13 ... ...
Market Share in Net Profit %                       0.064 0.080 0.243 0.542 1.26 ... ...
Market Share in Employees % ... ... ... ... ...             0.176 0.185 0.129 0.117 0.127 ... ...
Market Share in Branches % ... ... ... ... ... ... ...         3.88 4.06 4.55 4.94 5.22 ... ...
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                    
Cash & Cash Equivalents CZK mil                       9,337 31,964 58,842 86,780 101,908    
Interbank Loans CZK mil                       1,389 1,664 1,454 2,064 1,810    
Customer Loans CZK mil                       10,523 13,287 13,801 13,147 15,134    
Retail Loans CZK mil ... ... ... ... ... ... ...         4,439 4,617 4,465 5,370 5,198    
Corporate Loans CZK mil ... ... ... ... ... ... ...         6,084 8,669 9,336 7,776 9,936    
Investments CZK mil                       9,359 8,309 5,013 4,406 4,335    
Property and Equipment CZK mil                       14.3 13.5 17.8 17.4 14.5    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                       40,875 57,611 80,480 107,574 124,500    
                                       
Shareholders' Equity CZK mil                       1,003 1,056 1,251 1,659 2,642    
Of Which Minority Interest CZK mil                       0 0 0 0 0    
Liabilities CZK mil                       39,872 56,555 79,229 105,915 121,857    
Interbank Borrowing CZK mil                       182 649 172 173 237    
Customer Deposits CZK mil                       39,054 55,320 77,876 103,711 120,583    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... 37,205 51,955 73,564 99,697 116,504    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... 1,850 3,365 4,312 4,014 4,080    
Issued Debt Securities CZK mil                       0 0 0 90.0 90.0    
Other Liabilities CZK mil                       636 586 1,181 1,941 948    
asset quality                                    
Non-Performing Loans CZK mil ... ... ... ... ... ... ...         1,468 1,548 1,393 1,083 878    
Gross Loans CZK mil ... ... ... ... ... ... ...         10,836 13,593 14,017 13,674 15,689    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ...   8,426 8,933 11,517 13,377 17,133    
Total Provisions CZK mil ... ... ... ... ... ... ...         313 306 215 527 555    
growth rates                                    
Customer Loan Growth % ...                     14.3 26.3 3.87 -4.74 15.1    
Retail Loan Growth % ... ... ... ... ... ... ... ...       5.95 4.03 -3.29 20.3 -3.22    
Corporate Loan Growth % ... ... ... ... ... ... ... ...       21.2 42.5 7.69 -16.7 27.8    
Total Asset Growth % ...                     49.9 40.9 39.7 33.7 15.7    
Shareholders' Equity Growth % ...                     31.5 5.27 18.5 32.6 59.3    
Customer Deposit Growth % ...                     52.0 41.6 40.8 33.2 16.3    
market share                                    
Market Share in Customer Loans %                       0.399 0.478 0.468 0.426 0.458    
Market Share in Corporate Loans % ... ... ... ... ... ... ...         0.696 0.941 0.957 0.761 0.920    
Market Share in Consumer Loans % ... ... ... ... ... ... ...         0.361 0.349 0.314 0.351 0.316    
Market Share in Total Assets %                       0.759 1.04 1.34 1.52 1.70    
Market Share in Customer Deposits %                       1.14 1.57 2.07 2.49 2.71    
ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                     
ROE % ...                     4.59 5.14 15.5 28.1 47.8    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... 3.40 4.06 11.6 21.9 44.9    
ROA % ...                     0.119 0.107 0.258 0.434 0.886    
Return on Loans % ...                     0.410 0.444 1.32 3.03 7.27    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... 3.10 5.15 1.52 7.00 9.64    
Costs (As % Of Assets) % ...                     1.53 1.15 0.850 0.661 0.591    
Costs (As % Of Income) %                       67.9 55.9 79.0 41.6 31.8    
Costs (As % Of Loans) % ...                     5.29 4.76 4.34 4.61 4.85    
Costs (As % Of Loans & Deposits) % ...                     1.24 0.958 0.733 0.596 0.543    
Capital Adequacy Ratio % ... ... ... ... ... ... ...         12.4 12.3 11.2 12.5 15.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ...   11.3 11.2 10.3 11.8 14.7    
Net Interest Margin % ...                     0.749 0.802 0.624 0.597 1.12    
Interest Spread % ...                     0.722 0.797 0.622 0.596 1.12    
Asset Yield % ...                     1.77 1.01 0.731 0.668 1.35    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... 9.67 11.7 7.27 12.0 14.1    
Cost Of Liabilities % ...                     1.05 0.212 0.108 0.072 0.228    
Interest Income (As % Of Revenues) %                       33.2 39.0 58.0 37.6 60.5    
Fee Income (As % Of Revenues) %                       32.9 27.8 34.1 23.9 14.8    
Other Income (As % Of Revenues) %                       33.8 33.2 7.91 38.5 24.8    
Staff Cost (As % Of Total Cost) %                       6.20 6.83 4.98 5.20 6.15    
Equity (As % Of Assets) %                       2.45 1.83 1.55 1.54 2.12    
Equity (As % Of Loans) %                       9.53 7.95 9.07 12.6 17.5    
Loans (As % Of Deposits) %                       26.9 24.0 17.7 12.7 12.6    
Loans (As % Assets) %                       25.7 23.1 17.1 12.2 12.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...         13.5 11.4 9.94 7.92 5.59    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...     21.3 19.8 15.5 48.7 63.2    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...         2.98 2.30 1.56 4.01 3.67    
Cost of Provisions (As % Of Loans) % ...                     1.97 2.98 -0.457 2.91 1.54    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                     
Branches ... ... ... ... ... ... ...         86.0 88.0 93.0 96.0 102    
ATMs ... ... ... ... ... ... ... ...       150 157 159 168 179 ... ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ...       174 178 171 175 175 ... ...
Employees ... ... ... ... ...             71.0 76.0 53.0 49.0 53.0    
Employees Per Bank Branch ... ... ... ... ... ... ...         0.826 0.864 0.570 0.510 0.520    
Cost Per Employee USD per month ... ... ... ... ...             1,776 1,776 1,821 2,343 3,029    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ...             37,955 42,395 45,950 54,988 66,272    
customer breakdown Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                     
Customers mil ... ... ... ... ...             0.445 0.555 0.670 0.785 0.900    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ...   1,266,000 1,282,000 1,352,000 1,393,000 1,451,000    
Revenue per Customer (Local Currency) CZK ... ... ... ... ...             1,726 1,825 1,109 1,902 2,395    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...             91.0 95.3 266 520 1,143    
Loan per Customer (Local Currency) CZK ... ... ... ... ...             23,647 23,940 20,599 16,748 16,815    
Deposit per Customer (Local Currency) CZK ... ... ... ... ...             87,762 99,676 116,233 132,116 133,981    
Revenue per Customer USD ... ... ... ... ...             80.8 76.5 43.9 81.1 109    
Net Profit per Customer USD ... ... ... ... ...             4.26 3.99 10.6 22.2 52.2    
Loan per Customer USD ... ... ... ... ...             1,032 964 803 787 748    
Deposit per Customer USD ... ... ... ... ...             3,830 4,015 4,533 6,205 5,964    

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Fio's customer deposits rose 12.0% yoy to CZK 202,279 mil in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka's customer deposits reached CZK 202,279 mil in 2021-09-30, up 3.97% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,949 bil in 2021-09-30, up 1.60% when compared to the last year. Fio banka accounted for 3...

Fio's total revenues rose 30.9% yoy to CZK 966 mil in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka generated total banking revenues of CZK 966 mil in 2021-09-30, up 19.3% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 45,285 mil in 2021-09-30, down 2.23% when compared to the last year. ...

Fio's retail loans rose 53.5% yoy to CZK 15,000 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Fio banka's retail loans reached CZK 15,000 mil in the third quarter of 2021, up 10.8% 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. Fio banka accounted for 0...

Fio's capital adequacy ratio rose 10.4% yoy to 20.9% in 2Q2021

By Helgi Analytics - March 17, 2022

Fio banka's capital adequacy ratio reached 20.9% at the end of second quarter of 2021, up from 19.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 21.4% in 3Q2020 and an all time low of 10.4% in 2Q2014. ...

Fio's npls (as % of loans) fell 10.8% yoy to 11.7% in 2Q2021

By Helgi Analytics - March 17, 2022

Fio banka's non-performing loans reached 11.7% of total loans at the end of 2021-06-30, down from 13.1% 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. Provis...

Fio's net interest margin rose 21.4% yoy to 1.13% in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka's net interest margin amounted to 1.13% in the third quarter of 2021, up from 1.00% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 1.88% in 4Q2019 and an all time low of 0.263% i...

Fio's net interest income rose 42.1% yoy to CZK 587 mil in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka generated total banking revenues of CZK 966 mil in the third quarter of 2021, up 30.9% when compared to the same period of last year and 19.3% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee a...

Fio's costs (as % of assets) fell 7.25% yoy to 0.482% in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka's cost to income ratio reached 25.9% in the third quarter of 2021, down from 28.3% 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. ...

Fio's Cost of Risk fell 131% yoy to -0.078% in 3Q2021

By Helgi Analytics - March 17, 2022

Fio banka's Cost of Risk (loan loss provisions as % of total assets) amounted to -0.078% in the third quarter of 2021, up from -0.160% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 1.58% in 4Q2015 an...

Fio's customer loan growth rose 13.3% yoy to 35.9% in 3Q2021

By Helgi Analytics - March 21, 2022

Fio banka's customer loan growth reached 35.9% in 2021-09-30, up from 31.6% 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...

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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).

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Finance

Fio banka has been growing its revenues and asset by 24.8% and 25.9% a year on average in the last 5 years. Its loans and deposits have grown by 14.5% and 25.9% a year during that time and loans to deposits ratio reached 15.0% at the end of 2020. The company achieved an average return on equity of 33.1% in the last five years with net profit growing 86.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 31.6% in 2020, compared to 41.6% average in the last five years.

Equity represented 3.07% of total assets or 21.4% of loans at the end of 2020. Fio banka's non-performing loans were 13.6% of total loans while provisions covered some 42.1% of NPLs at the end of 2020.