Gorenjska Banka

Gorenjska Banka's mortgage loans rose 11.1% to EUR 98.8 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's mortgage loans reached EUR 98.8 mil in 2017, up 11.1% compared to the previous year. Slovenian banking sector...

Gorenjska Banka's consumer loans rose 34.8% to EUR 131 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's consumer loans reached EUR 131 mil in 2017, up 34.8% compared to the previous year. Slovenian banking sector ...

Gorenjska Banka's customer deposits rose 20.5% to EUR 1,477 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's customer deposits reached EUR 1,477 mil in 2017, up 20.5% compared to the previous year. Slovenian banking se...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 30.4 27.8 33.0
Fee Income (As % Of Revenues) % 25.7 21.1 20.7
Other Income EUR mil 2.26 8.18 10.3
Total Revenues EUR mil 44.0 45.7 54.6
Staff Cost EUR mil 14.4 16.2 17.8
Operating Profit EUR mil 17.4 17.1 23.8
Provisions EUR mil 12.5 5.43 5.03
Net Profit EUR mil 3.74 6.58 6.97
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 87.8 62.6 107
Customer Loans EUR mil 705 830 938
Debt Securities EUR mil 411 393 424
Total Assets EUR mil 1,452 1,514 1,871
Shareholders' Equity EUR mil 185 202 202
Interbank Borrowing EUR mil 136 63.9 101
Customer Deposits EUR mil 1,118 1,226 1,477
Issued Debt Securities EUR mil 4.26 0 0
Ratios 2015 2016 2017
ROE % 2.01 3.40 3.45
ROA % 0.259 0.443 0.412
Costs (As % Of Assets) % 1.84 1.92 1.82
Costs (As % Of Income) % 60.5 62.5 56.5
Capital Adequacy Ratio % 17.9 17.9 16.1
Net Interest Margin % 2.10 1.88 1.95
Loans (As % Of Deposits) % 63.1 67.7 63.5
NPLs (As % Of Loans) % 32.7 21.1 15.2
Provisions (As % Of NPLs) % 51.6 48.2 55.7
Growth Rates 2015 2016 2017
Total Revenue Growth % -26.2 3.80 19.5
Operating Cost Growth % -2.35 7.28 7.92
Operating Profit Growth % -46.3 -1.52 38.8
Net Profit Growth % 43.7 75.8 6.05
Customer Loan Growth % -11.1 17.7 13.0
Total Asset Growth % 0.763 4.25 23.6
Customer Deposit Growth % 5.47 9.62 20.5
Shareholders' Equity Growth % -0.971 9.14 -0.150
Employees 404 444 461

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Net Interest Income EUR mil               52.7 42.0 35.3 34.3 30.4    
Total Revenues EUR mil               65.1 54.6 46.3 59.6 44.0    
Operating Profit EUR mil               37.2 27.4 14.0 32.3 17.4    
Net Profit EUR mil               1.68 -62.2 -116 2.60 3.74    
balance sheet                            
Interbank Loans EUR mil               25.4 32.8 15.7 67.9 87.8    
Customer Loans EUR mil               1,359 1,311 960 794 705    
Debt Securities EUR mil               501 392 266 415 411    
Total Assets EUR mil               1,947 1,790 1,561 1,441 1,452    
Shareholders' Equity EUR mil               337 289 166 187 185    
Interbank Borrowing EUR mil               332 301 289 184 136    
Customer Deposits EUR mil               1,237 1,151 1,066 1,060 1,118    
Issued Debt Securities EUR mil               30.3 42.1 34.1 4.00 4.26    
ratios                            
ROE %               0.477 -19.9 -50.8 1.48 2.01    
ROA %               0.087 -3.33 -6.90 0.173 0.259    
Costs (As % Of Assets) %               1.45 1.45 1.93 1.82 1.84    
Costs (As % Of Income) %               42.9 49.8 69.8 45.7 60.5    
Capital Adequacy Ratio % ...             13.9 14.1 13.4 16.6 17.9    
Net Interest Margin %               2.73 2.25 2.11 2.29 2.10    
Interest Income (As % Of Revenues) %               81.0 77.0 76.2 57.6 69.2    
Fee Income (As % Of Revenues) %               16.1 18.1 21.3 17.5 25.7    
Staff Cost (As % Of Total Cost) %               58.1 56.9 45.4 49.6 54.1    
Equity (As % Of Assets) %               17.3 16.2 10.6 13.0 12.7    
Loans (As % Of Deposits) %               110 114 90.0 74.9 63.1    
Loans (As % Assets) %               69.8 73.2 61.5 55.1 48.6    
NPLs (As % Of Loans) % ... ...           13.1 26.4 34.5 39.1 32.7    
Provisions (As % Of NPLs) % ... ...           63.7 45.4 56.9 47.4 51.6    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Interest Income EUR mil               87.7 75.8 61.9 51.6 40.1    
Interest Cost EUR mil               35.0 33.7 26.6 17.3 9.65    
Net Interest Income EUR mil               52.7 42.0 35.3 34.3 30.4    
Net Fee Income EUR mil               10.5 9.90 9.85 10.4 11.3    
Other Income EUR mil               1.91 2.63 1.17 14.8 2.26    
Total Revenues EUR mil               65.1 54.6 46.3 59.6 44.0    
Staff Cost EUR mil               16.2 15.5 14.7 13.5 14.4    
Depreciation EUR mil               2.13 2.21 2.41 2.58 1.74    
Other Cost EUR mil               9.56 9.51 15.3 11.1 10.5    
Operating Cost EUR mil               27.9 27.2 32.4 27.2 26.6    
Operating Profit EUR mil               37.2 27.4 14.0 32.3 17.4    
Provisions EUR mil               30.6 96.1 126 28.8 12.5    
Extra and Other Cost EUR mil               4.85 3.10 -0.422 0.219 1.03    
Pre-Tax Profit EUR mil               1.67 -71.8 -112 3.29 4.88    
Tax EUR mil               0.008 -9.56 4.08 0.687 1.14    
Minorities EUR mil               0 0 0 0 0    
Net Profit EUR mil               1.68 -62.2 -116 2.60 3.74    
growth rates                            
Net Interest Income Growth % ...             -20.2 -20.2 -16.0 -2.75 -11.4    
Net Fee Income Growth % ...             0.220 -5.59 -0.576 5.66 8.71    
Total Revenue Growth % ...             -16.3 -16.2 -15.1 28.6 -26.2    
Operating Cost Growth % ...             -0.711 -2.66 19.0 -15.8 -2.35    
Operating Profit Growth % ...             -25.1 -26.3 -49.0 132 -46.3    
Pre-Tax Profit Growth % ...             -93.6 -4,394 55.3 -103 48.4    
Net Profit Growth % ...             -92.0 -3,804 85.8 -102 43.7    
market share                            
Market Share in Revenues %               4.50 3.49 4.25 4.84 3.80    
Market Share in Net Profit %             ... ... ... ... ... 3.25    
Market Share in Employees %               3.57 3.55 3.57 3.66 3.87    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ...  
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                            
Cash EUR mil               27.7 17.3 61.9 92.1 175    
Interbank Loans EUR mil               25.4 32.8 15.7 67.9 87.8    
Customer Loans EUR mil               1,359 1,311 960 794 705    
Retail Loans EUR mil               122 124 125 127 134    
Mortgage Loans EUR mil ... ... ... ... ... ... ... 54.2 60.1 64.7 68.8 76.8    
Consumer Loans EUR mil ... ... ... ... ... ... ... 68.3 64.2 60.4 57.9 56.8    
Corporate Loans EUR mil               1,236 1,187 1,069 848 712    
Debt Securities EUR mil               501 392 266 415 411    
Fixed Assets EUR mil               11.8 11.5 10.7 10.4 10.3    
Total Assets EUR mil               1,947 1,790 1,561 1,441 1,452    
Shareholders' Equity EUR mil               337 289 166 187 185    
Of Which Minority Interest EUR mil               0 0 0 0 0    
Liabilities EUR mil               1,610 1,501 1,395 1,254 1,267    
Interbank Borrowing EUR mil               332 301 289 184 136    
Customer Deposits EUR mil               1,237 1,151 1,066 1,060 1,118    
Retail Deposits EUR mil               753 766 737 770 826    
Corporate Deposits EUR mil               484 385 329 290 292    
Sight Deposits EUR mil ... ... ... ... ... ... ... 428 437 444 509 592    
Term Deposits EUR mil ... ... ... ... ... ... ... 809 715 622 551 525    
Issued Debt Securities EUR mil               30.3 42.1 34.1 4.00 4.26    
Other Liabilities EUR mil               11.2 6.84 6.38 6.50 8.58    
asset quality                            
Non-Performing Loans EUR mil ... ...           178 346 412 381 277    
Gross Loans EUR mil               1,359 1,311 1,194 975 848    
Total Provisions EUR mil               113 157 234 181 143    
growth rates                            
Customer Loan Growth % ...             -1.84 -3.53 -26.8 -17.3 -11.1    
Retail Loan Growth % ...             7.58 1.50 0.707 1.22 5.43    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... 10.9 7.71 6.32 11.5    
Consumer Loan Growth % ... ... ... ... ... ... ... ... -5.98 -5.85 -4.25 -1.83    
Corporate Loan Growth % ...             -2.68 -4.03 -9.95 -20.7 -16.0    
Total Asset Growth % ...             2.02 -8.08 -12.8 -7.68 0.763    
Shareholders' Equity Growth % ...             -8.13 -14.2 -42.7 12.8 -0.971    
Customer Deposit Growth % ...             4.05 -6.94 -7.41 -0.553 5.47    
Retail Deposit Growth % ...             3.07 1.78 -3.76 4.49 7.17    
Corporate Deposit Growth % ...             5.63 -20.5 -14.7 -11.9 0.973    
market share                            
Market Share in Customer Loans %               4.10 4.23 3.94 3.68 3.48    
Market Share in Corporate Loans %               6.75 7.22 9.29 9.23 8.70    
Market Share in Retail Loans % ... ... ... ... ... ... ... 1.75 1.79 1.91 1.94 1.96    
Market Share in Consumer Loans %               1.35 1.40 1.48 1.52 1.58    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... 1.05 1.14 1.22 1.29 1.39    
Market Share in Total Assets %               3.95 3.88 3.87 3.72 3.88    
Market Share in Customer Deposits %               5.03 4.83 4.73 4.34 4.45    
Market Share in Retail Deposits %               5.06 5.17 5.13 5.10 5.31    
Market Share in Corporate Deposits % ... ... ... ...       12.0 10.5 7.83 6.19 6.28    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                            
ROE %               0.477 -19.9 -50.8 1.48 2.01    
ROA %               0.087 -3.33 -6.90 0.173 0.259    
Costs (As % Of Assets) %               1.45 1.45 1.93 1.82 1.84    
Costs (As % Of Income) %               42.9 49.8 69.8 45.7 60.5    
Capital Adequacy Ratio % ...             13.9 14.1 13.4 16.6 17.9    
Tier 1 Ratio % ... ... ... ... ... ... ... 13.9 14.1 13.4 16.6 17.9    
Net Interest Margin %               2.73 2.25 2.11 2.29 2.10    
Interest Spread % ...             2.33 1.89 1.86 2.13 2.00    
Asset Yield %               4.55 4.06 3.70 3.44 2.77    
Cost Of Liabilities % ...             2.22 2.17 1.84 1.31 0.766    
Interest Income (As % Of Revenues) %               81.0 77.0 76.2 57.6 69.2    
Fee Income (As % Of Revenues) %               16.1 18.1 21.3 17.5 25.7    
Other Income (As % Of Revenues) %               2.93 4.83 2.52 24.9 5.14    
Cost Per Employee USD per month               4,458 4,056 4,050 3,715 3,402    
Cost Per Employee (Local Currency) EUR per month               3,207 3,159 3,051 2,882 2,968    
Staff Cost (As % Of Total Cost) %               58.1 56.9 45.4 49.6 54.1    
Equity (As % Of Assets) %               17.3 16.2 10.6 13.0 12.7    
Loans (As % Of Deposits) %               110 114 90.0 74.9 63.1    
Loans (As % Assets) %               69.8 73.2 61.5 55.1 48.6    
NPLs (As % Of Loans) % ... ...           13.1 26.4 34.5 39.1 32.7    
Provisions (As % Of NPLs) % ... ...           63.7 45.4 56.9 47.4 51.6    
Provisions (As % Of Loans) %               8.35 12.0 24.4 22.8 20.3    
Cost of Provisions (As % Of Loans) %               2.23 7.20 11.1 3.29 1.67    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                            
Branches ... ... ... ... ... ... ... ... ... ... ... ... ...  
Employees               422 408 401 391 404    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... 34.6 37.9 41.7 48.0 53.0    

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Gorenjska Banka's npls (as % of loans) fell 27.8% to 15.2% in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's non-performing loans reached 15.2% of total loans at the end of 2017, down from 21.1% compared to the previous year. Historically, the NPL ratio hit an all time high of 74.1% in 2006 and an all time low of 10.4% in 2010. Provision coverage...

Gorenjska Banka's retail deposits rose 5.99% to EUR 931 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's retail deposits reached EUR 931 mil in 2017, up 5.99% compared to the previous year. Slovenian banking sector accepted retail deposits of EUR 17.5 bil in 2017, up 5.65% when compared to the last year. Gorenjska Banka accounted for 5.31% ...

Gorenjska Banka's net interest margin rose 3.87% to 1.95% in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's net interest margin amounted to 1.95% in 2017, up from 1.88% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.81% in 2005 and an all time low of 1.88% in 2016. The average margin...

Gorenjska Banka's corporate deposits rose 57.2% to EUR 545 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's corporate deposits reached EUR 545 mil in 2017, up 57.2% compared to the previous year. Slovenian banking sector accepted corporate deposits of EUR 6.37 bil in 2017, up 38.5% when compared to the last year. Gorenjska Banka accounted for ...

Gorenjska Banka's net profit rose 6.05% to EUR 6.97 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka made a net profit of EUR 6.97 mil in 2017, up 6.05% compared to the previous year. This implies a return on equity of 3.45%. Historically, the bank’s net profit reached an all time high of EUR 60.1 mil in 2004 and an all time low of EUR -116...

Gorenjska Banka's total revenues rose 19.5% to EUR 54.6 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka generated total banking revenues of EUR 54.6 mil in 2017, up 19.5% compared to the previous year. Slovenian banking sector banking sector generated total revenues of EUR 1,074 mil in 2017, down 4.70% when compared to the last year. ...

Gorenjska Banka's customer loans rose 13.0% to EUR 938 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's customer loans reached EUR 938 mil in 2017, up 13.0% compared to the previous year. Slovenian banking sector provided customer loans of EUR 21.5 bil in 2017, up 4.82% when compared to the last year. Gorenjska Banka accounted for 4.36% of...

Gorenjska Banka's net interest income rose 18.5% to EUR 33.0 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka generated total banking revenues of EUR 54.6 mil in 2017, up 19.5% 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 EUR 184 mil in 2005 and an ...

Gorenjska Banka's capital adequacy ratio fell 9.91% to 16.1% in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's capital adequacy ratio reached 16.1% at the end of 2017, down from 17.9% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 17.9% in 2015 and an all time low of 13.4% in 2013. The Tier 1 ratio amoun...

Gorenjska Banka's corporate loans rose 9.97% to EUR 709 mil in 2017

By Helgi Analytics - September 22, 2018

Gorenjska Banka's loans reached EUR 1,025 mil in the 2017, up from EUR 924 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 1,359 mil in 2011 and an all time low of EUR 848 mil in 2015. In the last decade...

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Gorenjska Banka is a medium-sized universal Slovenian bank. While first in the Gorenjska region, the Bank holds approximately 4% of the whole Slovenian banking market. The Bank offers a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits amongst others. In addition to providing mainstream banking products, the Group undertakes insurance activities, stock brokerage, investment in mutual funds, leasing services, real estate investment management and financial advice, amongst others. At the end of 2013, the Bank operated 23 branches and employed over 400 persons in Slovenia. The Bank was founded in 1955 and is based in Kranj, Slovenia.

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Finance

Gorenjska Banka has been growing its revenues and asset by -2.11% and 0.769% a year on average in the last 10 years. Its loans and deposits have grown by -1.11% and 4.71% a year during that time and loans to deposits ratio reached 63.5% at the end of 2017. The company achieved an average return on equity of -3.31% in the last decade with net profit growing -18.4% a year on average. In terms of operating efficiency, its cost to income ratio reached 56.5% in 2017, compared to 50.2% average in the last decade.

Equity represented 10.8% of total assets or 21.5% of loans at the end of 2017. Gorenjska Banka's non-performing loans were 15.2% of total loans while provisions covered some 55.7% of NPLs at the end of 2017.