Institutional Sign In

Go

Fio banka

Fio's net profit rose 37.6% yoy to CZK 1,754 mil in 4Q2023

By Helgi Library - May 12, 2024

Fio banka made a net profit of CZK 1,754 mil under revenues of CZK 2,328 mil in the fourth quarter of 2023, up 37.6% and 19.8...

Fio's net profit rose 37.6% yoy to CZK 1,754 mil in 4Q2023

By Helgi Library - May 12, 2024

Fio banka made a net profit of CZK 1,754 mil in the fourth quarter of 2023, up 37.6% when compared to the same period of last yea...

Fio's employees rose 3.51% yoy to 118 in 4Q2023

By Helgi Library - May 12, 2024

Fio banka employed 118 persons in 2023-12-31, down 0.840% when compared to the previous year. Historically, the bank's workforce...

Profit Statement 2021 2022 2023
Net Interest Income CZK mil 2,494 5,412 7,603
Net Fee Income CZK mil 524 652 643
Other Income CZK mil 769 699 770
Total Revenues CZK mil 3,809 6,786 9,039
Staff Cost CZK mil 160 184 321
Operating Profit CZK mil 2,749 5,563 7,496
Provisions CZK mil -111 423 -5.65
Net Profit CZK mil 2,338 4,406 6,478
Balance Sheet 2021 2022 2023
Interbank Loans CZK mil 2,289 3,190 2,507
Customer Loans CZK mil 37,454 41,255 50,454
Investments CZK mil 117,878 125,640 160,520
Total Assets CZK mil 214,685 229,428 266,392
Shareholders' Equity CZK mil 8,225 12,346 18,881
Interbank Borrowing CZK mil 139 33.2 179
Customer Deposits CZK mil 203,397 212,102 241,058
Issued Debt Securities CZK mil 679 691 691
Ratios 2021 2022 2023
ROE % 33.8 42.8 41.5
ROA % 1.18 1.98 2.61
Costs (As % Of Assets) % 0.534 0.551 0.623
Costs (As % Of Income) % 27.8 18.0 17.1
Capital Adequacy Ratio % 22.6 32.8 33.3
Net Interest Margin % 1.26 2.44 3.07
Loans (As % Of Deposits) % 18.4 19.5 20.9
NPLs (As % Of Loans) % 9.47 9.21 9.58
Provisions (As % Of NPLs) % 38.0 44.6 35.2
Growth Rates 2021 2022 2023
Total Revenue Growth % 24.3 78.1 33.2
Operating Cost Growth % 9.61 15.3 26.2
Operating Profit Growth % 31.1 102 34.7
Net Profit Growth % 98.7 88.4 47.0
Customer Loan Growth % 43.3 10.2 22.3
Total Asset Growth % 17.6 6.87 16.1
Customer Deposit Growth % 16.3 4.28 13.7
Shareholders' Equity Growth % 46.8 50.1 52.9
Employees 98.0 114 118

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                          
Net Interest Income CZK mil                             561 1,303 2,398 2,007 2,494    
Total Revenues CZK mil                             1,493 2,155 3,328 3,064 3,809    
Operating Profit CZK mil                             871 1,470 2,531 2,096 2,749    
Net Profit CZK mil                             408 1,028 1,803 1,177 2,338    
balance sheet                                          
Interbank Loans CZK mil                             2,064 1,810 2,097 1,915 2,289    
Customer Loans CZK mil                             13,147 15,134 20,148 26,145 37,454    
Investments CZK mil                             4,406 4,335 4,358 68,763 117,878    
Total Assets CZK mil                             107,574 124,500 146,770 182,537 214,685    
                                             
Shareholders' Equity CZK mil                             1,659 2,642 4,454 5,602 8,225    
Interbank Borrowing CZK mil                             173 237 233 224 139    
Customer Deposits CZK mil                             103,711 120,583 140,442 174,860 203,397    
Issued Debt Securities CZK mil                             90.0 90.0 90.0 90.0 679    
ratios                                          
ROE % ...                           28.1 47.8 50.8 23.4 33.8    
ROA % ...                           0.434 0.886 1.33 0.715 1.18    
Costs (As % Of Assets) % ...                           0.661 0.591 0.588 0.588 0.534    
Costs (As % Of Income) %                             41.6 31.8 24.0 31.6 27.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ...               12.5 15.3 18.2 21.1 22.6    
Net Interest Margin % ...                           0.597 1.12 1.77 1.22 1.26    
Interest Income (As % Of Revenues) %                             37.6 60.5 72.0 65.5 65.5    
Fee Income (As % Of Revenues) %                             23.9 14.8 11.3 14.1 13.8    
Staff Cost (As % Of Total Cost) %                             5.20 6.15 13.6 13.6 15.0    
Equity (As % Of Assets) %                             1.54 2.12 3.03 3.07 3.83    
Loans (As % Of Deposits) %                             12.7 12.6 14.3 15.0 18.4    
Loans (As % Assets) %                             12.2 12.2 13.7 14.3 17.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...               7.92 5.59 10.8 13.6 9.47    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           48.7 63.2 39.5 42.1 38.0    
valuation                                          
Book Value Per Share Growth % ...                           30.2 132 84.0 -16.3 24.3    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                          
Interest Income CZK mil                             628 1,562 2,920 2,353 2,813    
Interest Cost CZK mil                             66.6 259 522 346 320    
Net Interest Income CZK mil                             561 1,303 2,398 2,007 2,494    
Net Fee Income CZK mil                             357 318 376 433 524    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 603 705 800    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 227 272 276    
Other Income CZK mil                             575 534 555 602 769    
Total Revenues CZK mil                             1,493 2,155 3,328 3,064 3,809    
Staff Cost CZK mil                             32.3 42.1 108 131 160    
Depreciation CZK mil                             8.62 7.97 51.6 106 98.5    
Other Cost CZK mil                             581 635 638 731 802    
Operating Cost CZK mil                             622 685 797 967 1,060    
Operating Profit CZK mil                             871 1,470 2,531 2,096 2,749    
Provisions CZK mil                             393 217 306 636 -111    
Extra and Other Cost CZK mil                             -1.99 -4.07 -0.640 -3.80 19.2    
Pre-Tax Profit CZK mil                             481 1,257 2,225 1,464 2,841    
Tax CZK mil                             72.7 229 422 287 503    
Minorities CZK mil                             0 0 0 0 0    
Net Profit CZK mil                             408 1,028 1,803 1,177 2,338    
Net Profit Avail. to Common CZK mil                             408 1,028 1,803 1,177 2,338    
growth rates                                          
Net Interest Income Growth % ...                           30.2 132 84.0 -16.3 24.3    
Net Fee Income Growth % ...                           40.9 -10.8 18.0 15.3 21.0    
Total Revenue Growth % ...                           101 44.4 54.4 -7.95 24.3    
Operating Cost Growth % ...                           5.84 10.3 16.3 21.4 9.61    
Operating Profit Growth % ...                           460 68.7 72.2 -17.2 31.1    
Pre-Tax Profit Growth % ...                           121 161 77.1 -34.2 94.1    
Net Profit Growth % ...                           129 152 75.3 -34.8 98.7    
market share                                          
Market Share in Revenues %                             0.833 1.13 1.65 1.70 2.07    
Market Share in Net Profit %                             0.542 1.26 1.98 2.48 3.32    
Market Share in Employees % ... ... ... ... ...                   0.117 0.127 0.173 0.211 0.247    
Market Share in Branches % ... ... ... ... ... ... ...               4.94 5.22 5.48 6.31 6.89    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
balance sheet                                          
Cash & Cash Equivalents CZK mil                             86,780 101,908 118,148 81,087 55,054    
Interbank Loans CZK mil                             2,064 1,810 2,097 1,915 2,289    
Customer Loans CZK mil                             13,147 15,134 20,148 26,145 37,454    
Retail Loans CZK mil ... ... ... ... ... ... ...               5,370 5,198 7,161 9,766 15,980    
Corporate Loans CZK mil ... ... ... ... ... ... ...               7,776 9,936 12,988 16,379 21,474    
Investments CZK mil                             4,406 4,335 4,358 68,763 117,878    
Property and Equipment CZK mil                             17.4 14.5 244 500 355    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4.20 2.72 3.23    
Total Assets CZK mil                             107,574 124,500 146,770 182,537 214,685    
                                             
Shareholders' Equity CZK mil                             1,659 2,642 4,454 5,602 8,225    
Of Which Minority Interest CZK mil                             0 0 0 0 0    
Liabilities CZK mil                             105,915 121,857 142,317 176,935 206,460    
Interbank Borrowing CZK mil                             173 237 233 224 139    
Customer Deposits CZK mil                             103,711 120,583 140,442 174,860 203,397    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...       99,697 116,504 136,106 171,286 200,195    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...       4,014 4,080 4,336 3,574 3,202    
Issued Debt Securities CZK mil                             90.0 90.0 90.0 90.0 679    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 90.0    
Other Liabilities CZK mil                             1,941 948 1,551 1,761 2,246    
asset quality                                          
Non-Performing Loans CZK mil ... ... ... ... ... ... ...               1,083 878 2,176 3,555 3,545    
Gross Loans CZK mil ... ... ... ... ... ... ...               13,674 15,688 20,148 26,145 37,454    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ...         13,377 17,133 23,797 24,450 33,137    
Total Provisions CZK mil ... ... ... ... ... ... ...               527 555 861 1,497 1,346    
growth rates                                          
Customer Loan Growth % ...                           -4.74 15.1 33.1 29.8 43.3    
Retail Loan Growth % ... ... ... ... ... ... ... ...             20.3 -3.22 37.8 36.4 63.6    
Corporate Loan Growth % ... ... ... ... ... ... ... ...             -16.7 27.8 30.7 26.1 31.1    
Total Asset Growth % ...                           33.7 15.7 17.9 24.4 17.6    
Shareholders' Equity Growth % ...                           32.6 59.3 68.6 25.8 46.8    
Customer Deposit Growth % ...                           33.2 16.3 16.5 24.5 16.3    
market share                                          
Market Share in Customer Loans %                             0.426 0.458 0.584 0.727 0.973    
Market Share in Corporate Loans % ... ... ... ... ... ... ...               0.761 0.920 1.16 1.46 1.81    
Market Share in Retail Loans % ... ... ... ... ... ... ...               0.352 0.316 0.410 0.525 0.782    
Market Share in Consumer Loans % ... ... ... ... ... ... ...               0.351 0.316 0.410 0.525 0.782 ... ...
Market Share in Total Assets %                             1.54 1.71 1.94 2.29 2.52    
Market Share in Customer Deposits %                             2.49 2.71 2.96 3.39 3.70    
ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                           
ROE % ...                           28.1 47.8 50.8 23.4 33.8    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 23.4 33.8    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ...       21.9 44.9 58.7 32.5 54.1    
ROA % ...                           0.434 0.886 1.33 0.715 1.18    
Return on Loans %                             3.03 7.27 10.2 5.08 7.35    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ...       7.00 9.64 12.4 8.69 9.55    
Costs (As % Of Assets) % ...                           0.661 0.591 0.588 0.588 0.534    
Costs (As % Of Income) %                             41.6 31.8 24.0 31.6 27.8    
Costs (As % Of Loans) % ...                           4.61 4.85 4.52 4.18 3.33    
Costs (As % Of Loans & Deposits) % ...                           0.596 0.543 0.538 0.535 0.480    
Capital Adequacy Ratio % ... ... ... ... ... ... ...               12.5 15.3 18.2 21.1 22.6    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ...         11.8 14.7 17.8 20.7 22.3    
Net Interest Margin % ...                           0.597 1.12 1.77 1.22 1.26    
Interest Spread % ...                           0.596 1.12 1.76 1.21 1.25    
Asset Yield % ...                           0.668 1.35 2.15 1.43 1.42    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ...       12.0 14.1 16.3 12.7 13.2    
Cost Of Liabilities % ...                           0.072 0.228 0.395 0.217 0.167    
Interest Income (As % Of Revenues) %                             37.6 60.5 72.0 65.5 65.5    
Fee Income (As % Of Revenues) %                             23.9 14.8 11.3 14.1 13.8    
Other Income (As % Of Revenues) %                             38.5 24.8 16.7 19.6 20.2    
Staff Cost (As % Of Total Cost) %                             5.20 6.15 13.6 13.6 15.0    
Equity (As % Of Assets) %                             1.54 2.12 3.03 3.07 3.83    
Equity (As % Of Loans) %                             12.6 17.5 22.1 21.4 22.0    
Loans (As % Of Deposits) %                             12.7 12.6 14.3 15.0 18.4    
Loans (As % Assets) %                             12.2 12.2 13.7 14.3 17.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...               7.92 5.59 10.8 13.6 9.47    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           48.7 63.2 39.5 42.1 38.0    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...               4.01 3.67 4.27 5.72 3.59    
Cost of Provisions (As % Of Loans) % ...                           2.91 1.54 1.74 2.75 -0.349    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                           
Branches ... ... ... ... ... ... ...               96.0 102 104 106 110    
ATMs ... ... ... ... ... ... ... ...             168 179 ... ... ...    
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ...             175 175 ... ... ...    
Employees ... ... ... ... ...                   49.0 53.0 72.0 86.0 98.0    
Employees Per Bank Branch ... ... ... ... ... ... ...               0.510 0.520 0.692 0.811 0.891    
Cost Per Employee USD per month ... ... ... ... ...                   2,343 3,029 5,551 5,780 6,260    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ...                   54,988 66,272 125,131 127,172 135,658    
customer breakdown Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                           
Customers mil                             0.785 0.900 0.950 1.05 1.10    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ...         1,393,000 1,451,000 1,444,000 1,444,000 ... ... ...
Revenue per Customer (Local Currency) CZK                             1,902 2,395 3,503 2,918 3,463    
Net Profit per Customer (Local Currency) CZK                             520 1,143 1,898 1,120 2,125    
Loan per Customer (Local Currency) CZK                             16,748 16,815 21,209 24,900 34,049    
Deposit per Customer (Local Currency) CZK                             132,116 133,981 147,834 166,534 184,906    
Revenue per Customer USD                             81.1 109 155 133 160    
Net Profit per Customer USD                             22.2 52.2 84.2 50.9 98.1    
Loan per Customer USD                             787 748 938 1,164 1,551    
Deposit per Customer USD                             6,205 5,964 6,535 7,787 8,424    

Get all company financials in excel:

Download Sample   $19.99

Fio's customer loans rose 28.4% yoy to CZK 48,755 mil in 3Q2023

By Helgi Library - May 12, 2024

Fio banka's customer loans reached CZK 48,755 mil in 2023-09-30, up 5.40% compared to the previous year. Czech banking sector provided customer loans of CZK 4,290 bil in 2023-09-30, up 1.99% when compared to the last year. Fio banka accounted for 1.14% of...

Fio's total revenues rose 19.8% yoy to CZK 2,328 mil in 4Q2023

By Helgi Library - May 12, 2024

Fio banka generated total banking revenues of CZK 2,328 mil in 2023-12-31, up 1.53% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 58,954 mil in 2023-12-31, up 3.14% when compared to the last year. ...

Fio's net interest margin rose 4.16% yoy to 2.98% in 4Q2023

By Helgi Library - May 12, 2024

Fio banka's net interest margin amounted to 2.98% in the fourth quarter of 2023, down from 3.13% 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's capital adequacy ratio rose 1.62% yoy to 33.3% in 4Q2023

By Helgi Library - May 12, 2024

Fio banka's capital adequacy ratio reached 33.3% at the end of fourth quarter of 2023, down from 35.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 35.8% in 3Q2023 and an all time low of 10.4% in 2Q2014. ...

Fio's customer deposits rose 13.7% yoy to CZK 241,058 mil in 4Q2023

By Helgi Library - May 12, 2024

Fio banka's customer deposits reached CZK 241,058 mil in 2023-12-31, up 4.27% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,701 bil in 2023-12-31, down 3.35% when compared to the last year. Fio banka accounted for...

Fio's retail loans rose 11.3% yoy to CZK 21,094 mil in 4Q2023

By Helgi Library - May 12, 2024

Fio banka's retail loans reached CZK 21,094 mil in the fourth quarter of 2023, up 3.10% compared to the previous year. Czech banking sector provided retail loans of CZK 2,242 bil in 4Q2023, up 0.906% when compared to the last year. Fio banka accounted for...

Fio's npls (as % of loans) rose 3.97% yoy to 9.58% in 4Q2023

By Helgi Library - May 12, 2024

Fio banka's non-performing loans reached 9.58% of total loans at the end of 2023-12-31, up from 9.21% 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...

Fio's net interest income rose 19.3% yoy to CZK 1,936 mil in 4Q2023

By Helgi Library - May 12, 2024

Fio banka generated total banking revenues of CZK 2,328 mil in the fourth quarter of 2023, up 19.8% when compared to the same period of last year and 1.53% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fe...

Fio's equity (as % of assets) rose 31.7% yoy to 7.09% in 4Q2023

By Helgi Library - May 12, 2024

Fio banka's Equity reached 7.09% of total assets in the 4Q2023, up from 5.38% for the previous year. As a share of net customer loans, the ratio amounted to 37.4% at the end of the fourth quarter of 2023. ...

Fio's costs (as % of assets) rose 36.6% yoy to 0.792% in 4Q2023

By Helgi Library - May 12, 2024

Fio banka's cost to income ratio reached 22.1% in the fourth quarter of 2023, up from 15.5% 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. ...

More News

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 Logo

Finance

Fio banka has been growing its revenues and asset by 33.0% and 25.6% a year on average in the last 10 years. Its loans and deposits have grown by 18.5% and 25.1% a year during that time and loans to deposits ratio reached 20.9% at the end of 2023. The company achieved an average return on equity of 29.3% in the last decade with net profit growing 68.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 17.1% in 2023, compared to 39.5% average in the last decade.

Equity represented 7.09% of total assets or 37.4% of loans at the end of 2023. Fio banka's non-performing loans were 9.58% of total loans while provisions covered some 35.2% of NPLs at the end of 2023.