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Garanti Bank Romania

Garanti Bank Romania's net profit rose 437% to RON 130 mil in 2017

By Helgi Library - May 31, 2018

Garanti Bank Romania made a net profit of RON 130 mil in 2017, up 437% compared to the previous year. This implies a return on e...

Garanti Bank Romania's customer deposits rose 22.8% to RON 7,667 mil in 2017

By Helgi Library - July 16, 2018

Garanti Bank Romania's customer deposits reached RON 7,667 mil in 2017, up 22.8% compared to the previous year. Romanian bankin...

Garanti Bank Romania's customer loans rose 10.6% to RON 6,990 mil in 2017

By Helgi Library - July 16, 2018

Garanti Bank Romania's customer loans reached RON 6,990 mil in 2017, up 10.6% compared to the previous year. Romanian banking s...

Profit Statement 2015 2016 2017
Net Interest Income RON mil 300 307 303
Net Fee Income RON mil 34.6 30.1 29.8
Other Income RON mil 51.5 112 93.9
Total Revenues RON mil 386 449 427
Staff Cost RON mil 90.6 114 112
Operating Profit RON mil 140 186 154
Provisions RON mil 96.0 224 17.8
Net Profit RON mil 43.9 -38.5 130
Balance Sheet 2015 2016 2017
Interbank Loans RON mil 52.7 82.5 63.1
Customer Loans RON mil 6,152 6,318 6,990
Total Assets RON mil 9,579 8,960 9,985
Shareholders' Equity RON mil 1,052 1,101 1,234
Interbank Borrowing RON mil 2,043 951 290
Customer Deposits RON mil 5,725 6,242 7,667
Issued Debt Securities RON mil 309 309 310
Ratios 2015 2016 2017
ROE % 4.27 -3.58 11.1
ROA % 0.494 -0.415 1.37
Costs (As % Of Assets) % 2.76 2.84 2.88
Costs (As % Of Income) % 63.7 58.6 63.8
Capital Adequacy Ratio % 12.4 14.8 16.5
Net Interest Margin % 3.37 3.31 3.20
Loans (As % Of Deposits) % 107 101 91.2
NPLs (As % Of Loans) % 11.2 9.88 6.03
Provisions (As % Of NPLs) % 63.2 57.8 59.1
Growth Rates 2015 2016 2017
Total Revenue Growth % -9.49 16.3 -4.81
Operating Cost Growth % 5.59 6.90 3.74
Operating Profit Growth % -27.6 32.9 -16.9
Net Profit Growth % 3,495 -188 -437
Customer Loan Growth % 15.6 2.70 10.6
Total Asset Growth % 16.5 -6.46 11.4
Customer Deposit Growth % 39.9 9.02 22.8
Shareholders' Equity Growth % 4.65 4.67 12.1
Employees ... 1,033 1,049

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summary Unit 2013 2014 2015 2016 2017
income statement          
Net Interest Income RON mil 272 263 300    
Total Revenues RON mil 412 426 386    
Operating Profit RON mil 189 193 140    
Net Profit RON mil 90.5 1.22 43.9    
balance sheet          
Interbank Loans RON mil 18.4 57.3 52.7    
Customer Loans RON mil 4,821 5,322 6,152    
Debt Securities RON mil 882 972 1,357    
Total Assets RON mil 7,852 8,225 9,579    
Shareholders' Equity RON mil 988 1,005 1,052    
Interbank Borrowing RON mil 3,407 2,198 2,043    
Customer Deposits RON mil 2,464 4,094 5,725    
Issued Debt Securities RON mil 0 308 309    
ratios          
ROE % 9.16 0.123 4.27    
ROA % 1.15 0.015 0.494    
Costs (As % Of Assets) % 2.84 2.90 2.76    
Costs (As % Of Income) % 54.1 54.6 63.7    
Capital Adequacy Ratio % ... 13.2 12.4    
Net Interest Margin % 3.46 3.27 3.37    
Interest Income (As % Of Revenues) % 66.0 61.7 77.7    
Fee Income (As % Of Revenues) % 6.29 7.63 8.97    
Staff Cost (As % Of Total Cost) % ... 37.1 36.8    
Equity (As % Of Assets) % 12.6 12.2 11.0    
Loans (As % Of Deposits) % 196 130 107    
Loans (As % Assets) % 61.4 64.7 64.2    
NPLs (As % Of Loans) % ... 11.9 11.2    
Provisions (As % Of NPLs) % ... 72.9 63.2    
valuation          
Book Value Per Share Growth % ... -3.31 13.9    
income statement Unit 2013 2014 2015 2016 2017
income statement          
Interest Income RON mil 429 411 408    
Interest Cost RON mil 157 148 108    
Net Interest Income RON mil 272 263 300    
Net Fee Income RON mil 25.9 32.5 34.6    
Other Income RON mil 114 131 51.5    
Total Revenues RON mil 412 426 386    
Staff Cost RON mil ... 86.5 90.6    
Depreciation RON mil ... 29.3 29.1    
Other Cost RON mil ... 117 126    
Operating Cost RON mil 223 233 246    
Operating Profit RON mil 189 193 140    
Provisions RON mil 107 192 96.0    
Extra and Other Cost RON mil 0 < -0.001 0    
Pre-Tax Profit RON mil 81.8 1.57 43.9    
Tax RON mil -8.64 0.352 0    
Minorities RON mil 0 0 0    
Net Profit RON mil 90.5 1.22 43.9    
growth rates          
Net Interest Income Growth % ... -3.31 13.9    
Net Fee Income Growth % ... 25.5 6.52    
Total Revenue Growth % ... 3.48 -9.49    
Operating Cost Growth % ... 4.48 5.59    
Operating Profit Growth % ... 2.31 -27.6    
Pre-Tax Profit Growth % ... -98.1 2,691    
Net Profit Growth % ... -98.6 3,495    
market share          
Market Share in Employees % ... ... ...   ...
balance sheet Unit 2013 2014 2015 2016 2017
balance sheet          
Cash RON mil 1,758 1,477 1,633    
Interbank Loans RON mil 18.4 57.3 52.7    
Customer Loans RON mil 4,821 5,322 6,152    
Retail Loans RON mil ... 2,624 2,591    
Corporate Loans RON mil ... 2,699 3,561    
Debt Securities RON mil 882 972 1,357    
Fixed Assets RON mil 307 307 289    
Total Assets RON mil 7,852 8,225 9,579    
Shareholders' Equity RON mil 988 1,005 1,052    
Of Which Minority Interest RON mil ... ... 0    
Liabilities RON mil 6,864 7,220 8,527    
Interbank Borrowing RON mil 3,407 2,198 2,043    
Customer Deposits RON mil 2,464 4,094 5,725    
Retail Deposits RON mil ... 808 1,019    
Corporate Deposits RON mil ... 3,286 4,706    
Sight Deposits RON mil ... 571 901    
Term Deposits RON mil ... 3,523 4,825    
Issued Debt Securities RON mil 0 308 309    
Other Liabilities RON mil 993 621 450    
asset quality          
Non-Performing Loans RON mil ... 692 743    
Gross Loans RON mil ... 5,827 6,621    
Total Provisions RON mil ... 505 469    
growth rates          
Customer Loan Growth % ... 10.4 15.6    
Retail Loan Growth % ... ... -1.24    
Corporate Loan Growth % ... ... 31.9    
Total Asset Growth % ... 4.75 16.5    
Shareholders' Equity Growth % ... 1.68 4.65    
Customer Deposit Growth % ... 66.2 39.9    
Retail Deposit Growth % ... ... 26.1    
Corporate Deposit Growth % ... ... 43.2    
market share          
Market Share in Customer Loans % 2.21 2.52 2.83    
Market Share in Corporate Loans % ... 2.56 3.40    
Market Share in Consumer Loans % ... 2.57 2.40    
Market Share in Total Assets % 2.17 2.26 2.54    
Market Share in Customer Deposits % 1.14 1.75 2.26    
Market Share in Retail Deposits % ... 0.586 0.694    
Market Share in Corporate Deposits % ... 4.09 5.15    
ratios Unit 2013 2014 2015 2016 2017
ratios          
ROE % 9.16 0.123 4.27    
ROA % 1.15 0.015 0.494    
Costs (As % Of Assets) % 2.84 2.90 2.76    
Costs (As % Of Income) % 54.1 54.6 63.7    
Capital Adequacy Ratio % ... 13.2 12.4    
Tier 1 Ratio % ... 13.2 12.4    
Net Interest Margin % 3.46 3.27 3.37    
Interest Spread % ... 3.01 3.21    
Asset Yield % 5.47 5.12 4.58    
Cost Of Liabilities % ... 2.11 1.38    
Interest Income (As % Of Revenues) % 66.0 61.7 77.7    
Fee Income (As % Of Revenues) % 6.29 7.63 8.97    
Other Income (As % Of Revenues) % 27.7 30.7 13.4    
Cost Per Employee USD per month ... ... ...    
Cost Per Employee (Local Currency) RON per month ... ... ...    
Staff Cost (As % Of Total Cost) % ... 37.1 36.8    
Equity (As % Of Assets) % 12.6 12.2 11.0    
Loans (As % Of Deposits) % 196 130 107    
Loans (As % Assets) % 61.4 64.7 64.2    
NPLs (As % Of Loans) % ... 11.9 11.2    
Provisions (As % Of NPLs) % ... 72.9 63.2    
Provisions (As % Of Loans) % ... 9.49 7.63    
Cost of Provisions (As % Of Loans) % 2.22 3.78 1.67    
other data Unit 2013 2014 2015 2016 2017
other data          
Branches ... 84.0 84.0    
Employees ... ... ...    
ATMs ... ... 304 ... ...
Sight (As % Of Customer Deposits) % ... 14.0 15.7    

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Garanti Bank Romania's net interest income fell 1.09% to RON 303 mil in 2017

By Helgi Library - May 31, 2018

Garanti Bank Romania generated total banking revenues of RON 427 mil in 2017, down 4.81% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RON 449 mil in 2016 a...

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Finance

Garanti Bank Romania has been growing its revenues and asset by 0.076% and 6.68% a year on average in the last 3 years. Its loans and deposits have grown by 9.51% and 23.3% a year during that time and loans to deposits ratio reached 91.2% at the end of 2017. The company achieved an average return on equity of 3.94% in the last three years with net profit growing 374% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.8% in 2017, compared to 62.0% average in the last three years.

Equity represented 12.4% of total assets or 17.7% of loans at the end of 2017. Garanti Bank Romania's non-performing loans were 6.03% of total loans while provisions covered some 59.1% of NPLs at the end of 2017.