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Fio banka

Fio's net profit rose 34.4% yoy to CZK 1,707 mil in 3Q2023

By Helgi Library - November 23, 2023

Fio banka made a net profit of CZK 1,707 mil in the third quarter of 2023, up 34.4% when compared to the same period of last year...

Fio's net profit rose 34.4% yoy to CZK 1,707 mil in 3Q2023

By Helgi Library - November 23, 2023

Fio banka made a net profit of CZK 1,707 mil under revenues of CZK 2,293 mil in the third quarter of 2023, up 34.4% and 32% ...

Fio's employees rose 14.4% yoy to 119 in 3Q2023

By Helgi Library - November 24, 2023

Fio banka employed 119 persons in 2023-09-30, up 5.31% when compared to the previous year. Historically, the bank's workforce hi...

Annual Quarterly LTM
Profit Statement 2020 2021 2022
Net Interest Income CZK mil 2,007 2,494 5,412
Net Fee Income CZK mil 433 524 652
Other Income CZK mil 602 769 699
Total Revenues CZK mil 3,064 3,809 6,786
Staff Cost CZK mil 131 160 184
Operating Profit CZK mil 2,096 2,749 5,563
Provisions CZK mil 636 -111 423
Net Profit CZK mil 1,177 2,338 4,406
Balance Sheet 2020 2021 2022
Interbank Loans CZK mil 1,915 2,289 3,190
Customer Loans CZK mil 26,145 37,454 41,255
Investments CZK mil 68,763 117,878 125,640
Total Assets CZK mil 182,537 214,685 229,428
Shareholders' Equity CZK mil 5,602 8,225 12,346
Interbank Borrowing CZK mil 224 139 33.2
Customer Deposits CZK mil 174,860 203,397 212,102
Issued Debt Securities CZK mil 90.0 679 691
Ratios 2020 2021 2022
ROE % 23.4 33.8 42.8
ROA % 0.715 1.18 1.98
Costs (As % Of Assets) % 0.588 0.534 0.551
Costs (As % Of Income) % 31.6 27.8 18.0
Capital Adequacy Ratio % 21.1 22.6 32.8
Net Interest Margin % 1.22 1.26 2.44
Loans (As % Of Deposits) % 15.0 18.4 19.5
NPLs (As % Of Loans) % 13.6 9.47 9.61
Provisions (As % Of NPLs) % 42.1 38.0 44.6
Growth Rates 2020 2021 2022
Total Revenue Growth % -7.95 24.3 78.1
Operating Cost Growth % 21.4 9.61 15.3
Operating Profit Growth % -17.2 31.1 102
Net Profit Growth % -34.8 98.7 88.4
Customer Loan Growth % 29.8 43.3 10.2
Total Asset Growth % 24.4 17.6 6.87
Customer Deposit Growth % 24.5 16.3 4.28
Shareholders' Equity Growth % 25.8 46.8 50.1
Employees 86.0 98.0 114

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
income statement                                        
Net Interest Income CZK mil                           431 561 1,303 2,398 2,007    
Total Revenues CZK mil                           743 1,493 2,155 3,328 3,064    
Operating Profit CZK mil                           156 871 1,470 2,531 2,096    
Net Profit CZK mil                           178 408 1,028 1,803 1,177    
balance sheet                                        
Interbank Loans CZK mil                           1,454 2,064 1,810 2,097 1,915    
Customer Loans CZK mil                           13,801 13,147 15,134 20,148 26,145    
Investments CZK mil                           5,013 4,406 4,335 4,358 68,763    
Total Assets CZK mil                           80,480 107,574 124,500 146,770 182,537    
                                           
Shareholders' Equity CZK mil                           1,251 1,659 2,642 4,454 5,602    
Interbank Borrowing CZK mil                           172 173 237 233 224    
Customer Deposits CZK mil                           77,876 103,711 120,583 140,442 174,860    
Issued Debt Securities CZK mil                           0 90.0 90.0 90.0 90.0    
ratios                                        
ROE % ...                         15.5 28.1 47.8 50.8 23.4    
ROA % ...                         0.258 0.434 0.886 1.33 0.715    
Costs (As % Of Assets) % ...                         0.850 0.661 0.591 0.588 0.588    
Costs (As % Of Income) %                           79.0 41.6 31.8 24.0 31.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ...             11.2 12.5 15.3 18.2 21.1    
Net Interest Margin % ...                         0.624 0.597 1.12 1.77 1.22    
Interest Income (As % Of Revenues) %                           58.0 37.6 60.5 72.0 65.5    
Fee Income (As % Of Revenues) %                           34.1 23.9 14.8 11.3 14.1    
Staff Cost (As % Of Total Cost) %                           4.98 5.20 6.15 13.6 13.6    
Equity (As % Of Assets) %                           1.55 1.54 2.12 3.03 3.07    
Loans (As % Of Deposits) %                           17.7 12.7 12.6 14.3 15.0    
Loans (As % Assets) %                           17.1 12.2 12.2 13.7 14.3    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...             9.94 7.92 5.59 10.8 13.6    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...         15.5 48.7 63.2 39.5 42.1    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
income statement                                        
Interest Income CZK mil                           504 628 1,562 2,920 2,353    
Interest Cost CZK mil                           73.5 66.6 259 522 346    
Net Interest Income CZK mil                           431 561 1,303 2,398 2,007    
Net Fee Income CZK mil                           253 357 318 376 433    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 603 705    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 227 272    
Other Income CZK mil                           58.7 575 534 555 602    
Total Revenues CZK mil                           743 1,493 2,155 3,328 3,064    
Staff Cost CZK mil                           29.2 32.3 42.1 108 131    
Depreciation CZK mil                           6.92 8.62 7.97 51.6 106    
Other Cost CZK mil                           551 581 635 638 731    
Operating Cost CZK mil                           587 622 685 797 967    
Operating Profit CZK mil                           156 871 1,470 2,531 2,096    
Provisions CZK mil                           -61.9 393 217 306 636    
Extra and Other Cost CZK mil                           0 -1.99 -4.07 -0.640 -3.80    
Pre-Tax Profit CZK mil                           218 481 1,257 2,225 1,464    
Tax CZK mil                           39.2 72.7 229 422 287    
Minorities CZK mil                           0 0 0 0 0    
Net Profit CZK mil                           178 408 1,028 1,803 1,177    
Net Profit Avail. to Common CZK mil                           178 408 1,028 1,803 1,177    
growth rates                                        
Net Interest Income Growth % ...                         9.12 30.2 132 84.0 -16.3    
Net Fee Income Growth % ...                         -10.1 40.9 -10.8 18.0 15.3    
Total Revenue Growth % ...                         -26.7 101 44.4 54.4 -7.95    
Operating Cost Growth % ...                         3.72 5.84 10.3 16.3 21.4    
Operating Profit Growth % ...                         -65.1 460 68.7 72.2 -17.2    
Pre-Tax Profit Growth % ...                         136 121 161 77.1 -34.2    
Net Profit Growth % ...                         237 129 152 75.3 -34.8    
market share                                        
Market Share in Revenues %                           0.412 0.833 1.13 1.65 1.70    
Market Share in Net Profit %                           0.241 0.542 1.26 1.98 2.48    
Market Share in Employees % ... ... ... ... ...                 0.129 0.117 0.127 0.173 0.211    
Market Share in Branches % ... ... ... ... ... ... ...             4.55 4.94 5.22 5.48 6.31    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
balance sheet                                        
Cash & Cash Equivalents CZK mil                           58,842 86,780 101,908 118,148 81,087    
Interbank Loans CZK mil                           1,454 2,064 1,810 2,097 1,915    
Customer Loans CZK mil                           13,801 13,147 15,134 20,148 26,145    
Retail Loans CZK mil ... ... ... ... ... ... ...             4,465 5,370 5,198 7,161 9,766    
Corporate Loans CZK mil ... ... ... ... ... ... ...             9,336 7,776 9,936 12,988 16,379    
Investments CZK mil                           5,013 4,406 4,335 4,358 68,763    
Property and Equipment CZK mil                           17.8 17.4 14.5 244 500    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4.20 2.72    
Total Assets CZK mil                           80,480 107,574 124,500 146,770 182,537    
                                           
Shareholders' Equity CZK mil                           1,251 1,659 2,642 4,454 5,602    
Of Which Minority Interest CZK mil                           0 0 0 0 0    
Liabilities CZK mil                           79,229 105,915 121,857 142,317 176,935    
Interbank Borrowing CZK mil                           172 173 237 233 224    
Customer Deposits CZK mil                           77,876 103,711 120,583 140,442 174,860    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...     73,564 99,697 116,504 136,106 171,286    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...     4,312 4,014 4,080 4,336 3,574    
Issued Debt Securities CZK mil                           0 90.0 90.0 90.0 90.0    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Liabilities CZK mil                           1,181 1,941 948 1,551 1,761    
asset quality                                        
Non-Performing Loans CZK mil ... ... ... ... ... ... ...             1,393 1,083 878 2,176 3,555    
Gross Loans CZK mil ... ... ... ... ... ... ...             14,016 13,674 15,688 20,148 26,145    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ...       11,517 13,377 17,133 23,797 24,450    
Total Provisions CZK mil ... ... ... ... ... ... ...             215 527 555 861 1,497    
growth rates                                        
Customer Loan Growth % ...                         3.87 -4.74 15.1 33.1 29.8    
Retail Loan Growth % ... ... ... ... ... ... ... ...           -3.29 20.3 -3.22 37.8 36.4    
Corporate Loan Growth % ... ... ... ... ... ... ... ...           7.69 -16.7 27.8 30.7 26.1    
Total Asset Growth % ...                         39.7 33.7 15.7 17.9 24.4    
Shareholders' Equity Growth % ...                         18.5 32.6 59.3 68.6 25.8    
Customer Deposit Growth % ...                         40.8 33.2 16.3 16.5 24.5    
market share                                        
Market Share in Customer Loans %                           0.468 0.426 0.458 0.584 0.727    
Market Share in Corporate Loans % ... ... ... ... ... ... ...             0.957 0.761 0.920 1.16 1.46    
Market Share in Retail Loans % ... ... ... ... ... ... ...             0.315 0.352 0.316 0.410 0.525    
Market Share in Consumer Loans % ... ... ... ... ... ... ...             0.314 0.351 0.316 0.410 0.525   ...
Market Share in Total Assets %                           1.35 1.54 1.71 1.94 2.29    
Market Share in Customer Deposits %                           2.07 2.49 2.71 2.96 3.39    
ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                         
ROE % ...                         15.5 28.1 47.8 50.8 23.4    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 23.4    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ...     11.6 21.9 44.9 58.7 32.5    
ROA % ...                         0.258 0.434 0.886 1.33 0.715    
Return on Loans % ...                         1.32 3.03 7.27 10.2 5.08    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ...     1.52 7.00 9.64 12.4 8.69    
Costs (As % Of Assets) % ...                         0.850 0.661 0.591 0.588 0.588    
Costs (As % Of Income) %                           79.0 41.6 31.8 24.0 31.6    
Costs (As % Of Loans) % ...                         4.34 4.61 4.85 4.52 4.18    
Costs (As % Of Loans & Deposits) % ...                         0.733 0.596 0.543 0.538 0.535    
Capital Adequacy Ratio % ... ... ... ... ... ... ...             11.2 12.5 15.3 18.2 21.1    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ...       10.3 11.8 14.7 17.8 20.7    
Net Interest Margin % ...                         0.624 0.597 1.12 1.77 1.22    
Interest Spread % ...                         0.622 0.596 1.12 1.76 1.21    
Asset Yield % ...                         0.731 0.668 1.35 2.15 1.43    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ...     7.27 12.0 14.1 16.3 12.7    
Cost Of Liabilities % ...                         0.108 0.072 0.228 0.395 0.217    
Interest Income (As % Of Revenues) %                           58.0 37.6 60.5 72.0 65.5    
Fee Income (As % Of Revenues) %                           34.1 23.9 14.8 11.3 14.1    
Other Income (As % Of Revenues) %                           7.91 38.5 24.8 16.7 19.6    
Staff Cost (As % Of Total Cost) %                           4.98 5.20 6.15 13.6 13.6    
Equity (As % Of Assets) %                           1.55 1.54 2.12 3.03 3.07    
Equity (As % Of Loans) %                           9.07 12.6 17.5 22.1 21.4    
Loans (As % Of Deposits) %                           17.7 12.7 12.6 14.3 15.0    
Loans (As % Assets) %                           17.1 12.2 12.2 13.7 14.3    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...             9.94 7.92 5.59 10.8 13.6    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...         15.5 48.7 63.2 39.5 42.1    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...             1.56 4.01 3.67 4.27 5.72    
Cost of Provisions (As % Of Loans) % ...                         -0.457 2.91 1.54 1.74 2.75    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                         
Branches ... ... ... ... ... ... ...             93.0 96.0 102 104 106    
ATMs ... ... ... ... ... ... ... ...           159 168 179 ... ... ... ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ...           171 175 175 ... ... ... ...
Employees ... ... ... ... ...                 53.0 49.0 53.0 72.0 86.0    
Employees Per Bank Branch ... ... ... ... ... ... ...             0.570 0.510 0.520 0.692 0.811    
Cost Per Employee USD per month ... ... ... ... ...                 1,821 2,343 3,029 5,551 5,780    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ...                 45,950 54,988 66,272 125,131 127,172    
customer breakdown Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                         
Customers mil                           0.670 0.785 0.900 0.950 1.05    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ...       1,352,000 1,393,000 1,451,000 1,444,000 1,444,000 ... ...
Revenue per Customer (Local Currency) CZK                           1,109 1,902 2,395 3,503 2,918    
Net Profit per Customer (Local Currency) CZK                           266 520 1,143 1,898 1,120    
Loan per Customer (Local Currency) CZK                           20,599 16,748 16,815 21,209 24,900    
Deposit per Customer (Local Currency) CZK                           116,233 132,116 133,981 147,834 166,534    
Revenue per Customer USD                           43.9 81.1 109 155 133    
Net Profit per Customer USD                           10.6 22.2 52.2 84.2 50.9    
Loan per Customer USD                           803 787 748 938 1,164    
Deposit per Customer USD                           4,533 6,205 5,964 6,535 7,787    

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Fio's net interest margin rose 21.5% yoy to 3.13% in 3Q2023

By Helgi Library - November 23, 2023

Fio banka's net interest margin amounted to 3.13% in the third quarter of 2023, down from 3.29% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.29% in 2Q2023 and an all time low of 0.263%...

Fio banka - Market Share in Bank Loans

By Helgi Library - November 23, 2023

Fio banka's customer loans reached CZK 45,500 mil in 2023-06-30, up 5.81% compared to the previous year. Czech banking sector provided customer loans of CZK 4,206 in 2023-06-30, up 2.15% when compared to the last year. Fio banka accounted for 1.08% of all...

Fio's total revenues rose 35.3% yoy to CZK 2,327 mil in 2Q2023

By Helgi Library - September 30, 2023

Fio banka generated total banking revenues of CZK 2,327 mil in 2023-06-30, up 11.3% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 67,123 mil in 2023-06-30, up 20.3% when compared to the last year. ...

Fio's capital adequacy ratio rose 25.8% yoy to 36.3% in 3Q2023

By Helgi Library - November 23, 2023

Fio banka's capital adequacy ratio reached 36.3% at the end of third quarter of 2023, up from 35.3% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 36.3% in 3Q2023 and an all time low of 10.4% in 2Q2014. T...

Fio banka - Market Share in Retail Loans

By Helgi Library - November 23, 2023

Fio banka's retail loans reached CZK 21,500 mil in the second quarter of 2023, up 7.50% compared to the previous year. Czech banking sector provided retail loans of CZK 2,203 bil in 2Q2023, up 2.19% when compared to the last year. Fio banka accounted for ...

Fio banka - Market Share in Bank Deposits

By Helgi Library - November 23, 2023

Fio banka's customer deposits reached CZK 225,137 mil in 2023-06-30, up 3.01% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,832 bil in 2023-06-30, up 3.12% when compared to the last year. Fio banka accounted for 3...

Fio's net interest income rose 36.9% yoy to CZK 1,959 mil in 3Q2023

By Helgi Library - November 23, 2023

Fio banka generated total banking revenues of CZK 2,293 mil in the third quarter of 2023, up 32% when compared to the same period of last year and down 1.46% when compared to the previous quarter. Historically, the bank’s revenues containing of in...

Fio's npls (as % of loans) fell 7.69% yoy to 8.29% in 3Q2023

By Helgi Library - November 23, 2023

Fio banka's non-performing loans reached 8.29% of total loans at the end of 2023-09-30, down from 8.98% 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 costs (as % of assets) rose 6.18% yoy to 0.568% in 3Q2023

By Helgi Library - November 24, 2023

Fio banka's cost to income ratio reached 15.5% in the third quarter of 2023, down from 16.0% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 2,685% of income in 4Q2011 and an all time low of 14.4% in 1Q2023. ...

Fio's equity (as % of assets) rose 36.9% yoy to 6.75% in 3Q2023

By Helgi Library - November 23, 2023

Fio banka's Equity reached 6.75% of total assets in the 3Q2023, up from 4.93% for the previous year. As a share of net customer loans, the ratio amounted to 35.6% at the end of the third quarter of 2023. ...

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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 31.5% and 28.6% a year on average in the last 10 years. Its loans and deposits have grown by 20.4% and 28.6% a year during that time and loans to deposits ratio reached 19.5% at the end of 2022. The company achieved an average return on equity of 25.7% in the last decade with net profit growing 52.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 18.0% in 2022, compared to 45.5% average in the last decade.

Equity represented 5.38% of total assets or 29.9% of loans at the end of 2022. Fio banka's non-performing loans were 9.61% of total loans while provisions covered some 44.6% of NPLs at the end of 2022.

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