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Home Credit Group

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Home Credit Group

Home Credit Group (Home Credit B.V. and its subsidiaries) is a mass market consumer finance provider with over EUR 10 bil of assets. The Company was established in 1997 in the Czech Republic. Since then it has experienced considerable growth within Central and Eastern Europe, the Commonwealth of Independent States and Asia. The Group employes over 44,000 people and serves more than 35 mil customers. Lending to consumers seeking purchases of durable goods is the main focus of the Company. The product portfolio includes loans to first-time borrowers, revolving credit lines as well as credit cards to its existing customers. Home Credit's network consists of point-of-sales outlets, own branches, post offices and direct channels

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summary

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income statement

Net Interest Income	EUR mil
Total Revenues	EUR mil
Operating Profit	EUR mil
Net Profit	EUR mil

627	1,057	1,762	1,377	1,193
905	1,773	2,542	1,943	1,619
502	1,119	1,618	1,077	732
231	506	327	-56.9	-40.4

balance sheet

Interbank Loans	EUR mil
Customer Loans	EUR mil
Debt Securities	EUR mil
Total Assets	EUR mil
Shareholders' Equity	EUR mil
Interbank Borrowing	EUR mil
Customer Deposits	EUR mil
Issued Debt Securities	EUR mil

154	394	410	172	407
3,007	6,531	7,171	5,060	5,835
359	725	196	457	1,388
4,282	9,426	9,313	7,037	9,656
831	1,505	1,532	1,239	1,196
528	1,311	604	1,434	2,331
1,697	4,724	5,105	2,890	4,909
1,081	1,560	1,121	1,117	801

ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Net Interest Margin	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%

			26.2%	43.3%	21.5%	-4.11%	-3.32%
			6.28%	7.38%	3.49%	-0.696%	-0.484%
			11.0%	9.55%	9.87%	10.6%	10.6%
			44.6%	36.9%	36.4%	44.6%	54.8%
			17.0%	15.4%	18.8%	16.8%	14.3%
			69.3%	59.6%	69.3%	70.9%	73.7%
			26.3%	33.6%	24.3%	21.3%	19.7%
			41.8%	44.3%	44.1%	42.0%	45.6%
			19.4%	16.0%	16.5%	17.6%	12.4%
...			177%	138%	140%	175%	119%
			70.2%	69.3%	77.0%	71.9%	60.4%
...	...	...	8.46%	7.57%	12.2%	15.3%	10.0%
...	...	...	111%	119%	117%	107%	116%

Download Data

income statement

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income statement

Interest Income	EUR mil
Interest Cost	EUR mil
Net Interest Income	EUR mil
Net Fee Income	EUR mil
Other Income	EUR mil
Total Revenues	EUR mil
Staff Cost	EUR mil
Depreciation	EUR mil
Other Cost	EUR mil
Operating Cost	EUR mil
Operating Profit	EUR mil
Provisions	EUR mil
Extra and Other Cost	EUR mil
Pre-Tax Profit	EUR mil
Tax	EUR mil
Minorities	EUR mil
Net Profit	EUR mil

810	1,486	2,483	1,987	1,842
183	429	721	610	649
627	1,057	1,762	1,377	1,193
238	597	618	415	319
40.0	120	162	151	107
905	1,773	2,542	1,943	1,619
169	290	408	363	404
34.0	49.2	73.1	79.6	78.5
201	315	443	423	404
403	655	924	866	887
502	1,119	1,618	1,077	732
167	478	1,186	1,116	725
-1.21	-4.11	-6.56	-1.67	-1.46
336	644	439	-37.3	8.50
95.4	139	114	23.1	50.1
0.000	0.349	-2.16	-3.52	-1.25
231	506	327	-56.9	-40.4

growth rates

Net Interest Income Growth	%
Net Fee Income Growth	%
Total Revenue Growth	%
Operating Cost Growth	%
Operating Profit Growth	%
Pre-Tax Profit Growth	%
Net Profit Growth	%

...	6.31%	68.5%	66.7%	-21.9%	-13.4%
...	38.3%	151%	3.65%	-32.9%	-23.1%
...	15.7%	95.9%	43.4%	-23.6%	-16.7%
...	14.2%	62.3%	41.2%	-6.35%	2.41%
...	16.9%	123%	44.6%	-33.4%	-32.0%
...	4.91%	91.8%	-31.9%	-109%	-123%
...	-17.3%	119%	-35.5%	-117%	-29.1%

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balance sheet

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balance sheet

Cash	EUR mil
Interbank Loans	EUR mil
Customer Loans	EUR mil
Retail Loans	EUR mil
Mortgage Loans	EUR mil
Consumer Loans	EUR mil
Corporate Loans	EUR mil
Debt Securities	EUR mil
Fixed Assets	EUR mil
Total Assets	EUR mil
Shareholders' Equity	EUR mil
Of Which Minority Interest	EUR mil
Liabilities	EUR mil
Interbank Borrowing	EUR mil
Customer Deposits	EUR mil
Sight Deposits	EUR mil
Term Deposits	EUR mil
Issued Debt Securities	EUR mil
Other Liabilities	EUR mil

							410	1,210	926	866	1,349
							154	394	410	172	407
							3,007	6,531	7,171	5,060	5,835
							3,003	6,527	7,168	5,054	5,784
							111	90.5	89.3	68.5	74.0
							2,891	6,437	7,078	4,985	5,672
							4.33	3.50	3.52	5.07	52.4
							359	725	196	457	1,388
							212	298	328	258	274
							4,282	9,426	9,313	7,037	9,656
							831	1,505	1,532	1,239	1,196
							0.000	103	2.92	3.82	4.77
							3,451	7,922	7,781	5,798	8,460
							528	1,311	604	1,434	2,331
							1,697	4,724	5,105	2,890	4,909
...	...	...	...	...	...	...	...	...	473	297	2,947
...	...	...	...	...	...	...	...	...	4,632	2,593	1,950
							1,081	1,560	1,121	1,117	801
							144	327	950	356	420

asset quality

Non-Performing Loans	EUR mil
Gross Loans	EUR mil
Total Provisions	EUR mil

...	...	...	281	543	1,020	925	660
			3,320	7,176	8,360	6,046	6,603
			313	645	1,189	986	768

growth rates

Customer Loan Growth	%
Retail Loan Growth	%
Mortgage Loan Growth	%
Consumer Loan Growth	%
Corporate Loan Growth	%
Total Asset Growth	%
Shareholders' Equity Growth	%
Customer Deposit Growth	%

...			38.1%	117%	9.81%	-29.4%	15.3%
...			40.8%	117%	9.81%	-29.5%	14.4%
...	...	...	-26.2%	-18.8%	-1.33%	-23.3%	7.91%
...			45.9%	123%	9.97%	-29.6%	13.8%
...	...		-90.3%	-19.1%	0.600%	43.9%	934%
...			38.9%	120%	-1.20%	-24.4%	37.2%
...			-11.2%	81.0%	1.85%	-19.2%	-3.48%
...	...		188%	178%	8.08%	-43.4%	69.9%

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ratios

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ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Net Interest Margin	%
Interest Spread	%
Asset Yield	%
Cost Of Liabilities	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Other Income (As % Of Revenues)	%
Cost Per Employee	USD per month
Cost Per Employee (Local Currency)	EUR per month
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%
Provisions (As % Of Loans)	%
Cost of Provisions (As % Of Loans)	%

						26.2%	43.3%	21.5%	-4.11%	-3.32%
						6.28%	7.38%	3.49%	-0.696%	-0.484%
						11.0%	9.55%	9.87%	10.6%	10.6%
						44.6%	36.9%	36.4%	44.6%	54.8%
						17.0%	15.4%	18.8%	16.8%	14.3%
...						15.5%	14.1%	17.3%	15.3%	13.0%
						22.0%	21.7%	26.5%	24.3%	22.1%
...						6.52%	7.55%	9.18%	8.98%	9.11%
						69.3%	59.6%	69.3%	70.9%	73.7%
						26.3%	33.6%	24.3%	21.3%	19.7%
						4.41%	6.76%	6.36%	7.78%	6.59%
...	...	...	...	...	...	897	798	878	670	595
...	...	...	...	...	...	645	622	661	520	462
						41.8%	44.3%	44.1%	42.0%	45.6%
						19.4%	16.0%	16.5%	17.6%	12.4%
...						177%	138%	140%	175%	119%
						70.2%	69.3%	77.0%	71.9%	60.4%
...	...	...				8.46%	7.57%	12.2%	15.3%	10.0%
...	...	...				111%	119%	117%	107%	116%
						10.4%	9.88%	16.6%	19.5%	13.2%
						6.44%	10.0%	17.3%	18.3%	13.3%

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other data

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other data

Branches
Employees
ATMs
Clients	mil
Sight (As % Of Customer Deposits)	%
Loans in the Czech Republic	CZK mil
Clients in the Czech Republic	mil
Distribution Points in the Czech Republic
POS and Loan Offices in the Czech Republic
Post Offices in the Czech Republic
Employees in the Czech Republic
Loans in Belarus	BYR mil
Clients in Belarus	mil
Distribution Points in Belarus
POS and Loan Offices in Belarus
Branches in Belarus
Employees in Belarus
Loans in Slovakia	EUR mil
Clients in Slovakia	mil
Distribution Points in Slovakia
Employees in Slovakia
Loans in Russia	RUB mil
Clients in Russia	mil
Distribution Points in Russia
POS and Loan Offices in Russia
Post Offices in Russia
Branches in Russia
Employees in Russia

...	...	...	...	...	...	...	...	...	...	...	439		...
...	...	...	...	...	...		21,800	38,900	51,400	58,200	72,900
...	...	...	...	...	...	...	...	...	...	...	1,281	...	...
...	...	...	...	...	...		4.50	6.60	7.70	9.10	12.5
...	...	...	...	...	...	...	...	...	9.27%	10.3%	60.0%
...	...	...	...	...	...		8,751	8,927	8,755	8,705	10,321	...	...
...	...	...	...	...	...		0.474	0.491	0.517	0.323	0.327	...	...
...	...	...	...	...	...		5,652	5,692	5,805	5,818	5,998	...	...
...	...	...	...	...	...		4,105	4,151	4,255	4,267	4,491	...	...
...	...	...	...	...	...		1,547	1,541	1,550	1,551	1,507	...	...
...	...	...	...	...	...		635	605	600	619	656	...	...
...	...	...	...	...	...		631,543	1,142,060	1,780,680	2,441,240	...	...	...
...	...	...	...	...	...		0.196	0.211	0.258	0.220	...	...	...
...	...	...	...	...	...		2,004	2,024	2,893	3,995	...	...	...
...	...	...	...	...	...		1,977	1,993	2,856	3,951	...	...	...
...	...	...	...	...	...		27.0	31.0	37.0	44.0	...	...	...
...	...	...	...	...	...		869	1,123	1,324	1,596	...	...	...
...	...	...	...	...	...		137	177	203	202	246	...	...
...	...	...	...	...	...		0.160	0.168	0.171	0.168	0.218	...	...
...	...	...	...	...	...		3,530	3,889	3,171	2,814	3,009	...	...
...	...	...	...	...	...		220	219	225	258	252	...	...
...	...	...	...	...	...		136,747	285,458	317,314	215,404	137,399	...	...
...	...	...	...	...	...		3.70	4.10	4.70	4.20	3.70	...	...
...	...	...	...	...	...		61,179	77,054	98,703	103,407	92,980	...	...
...	...	...	...	...	...		59,457	74,800	96,476	101,720	92,643	...	...
...	...	...	...	...	...		1,150	1,354	1,064	950	4.00	...	...
...	...	...	...	...	...		572	900	1,163	737	333	...	...
...	...	...	...	...	...		19,700	27,100	30,500	21,700	14,000	...	...

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Comparison of 22 Banks in Czech Republic

January 24, 2019

This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the

This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.

The file contains data of following banks:

If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

Comparison of 24 Banks in Czech Republic

January 24, 2019

This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking

This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.

The file contains data of following banks:

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

Home Credit Group in Numbers

September 25, 2018

This Annual statistical dossier offers a summary of Home Credit Group's performance between 2004 and 2017 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital

This Annual statistical dossier offers a summary of Home Credit Group's performance between 2004 and 2017 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.

In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track Home Credit's market position in mortgage or consumer lending.

If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Home Credit Group in Numbers

February 17, 2014

This excel file offers a summary of the company's performance in 2004-2012. You will find here all the key numbers from the company's balance sheet, income statement and ratios on the annual basis

Home Credit Group at a Glance

December 20, 2013

This report offers a summary of the company's performance in 2004-2012. You will find here all the key numbers from the company's balance sheet, income statement and ratios on the annual basis.

Analysis of Mortgage Lending in 1Q13

June 14, 2013

This report analyses the housing lending in the Czech Republic for the 1Q2013. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage

This report provides a summary of the development in the 1Q2013. The key highlights are:

Mortgage loans increased by less than 1% qoq in the seasonally weakest quarter of the year, but the overall momentum stabilized. The annual increase remained unchanged at 6.3% yoy and sales of new loans of CZK 27.8 bil were nearly as high as in the same quarter last year:

Mortgage loans reached 18.2% of GDP at the end of March 2013, or more than a third of bank loans when other housing loans are included. Nearly 15% of Czech households have a mortgage loan now, while more than 14% of residential dwellings were financed through a mortgage loan, according to our calculations.

The average interest rate on mortgage loans continues to decline in line with the overall market trends. It reached 3.17% in 1Q13 while the average interest rate on the total mortgage loan stock dropped below 4.5%. This would imply that new loans were sold still with a decent 220 bp margin over a 5-year swap in 1Q13.

The share of non-performing loans increased slightly in the 1Q13, from 3.16% to 3.30% of total mortgage loans at the end of March. This is a result of the overall low indebtedness of Czech households, strict lending procedures and only a mild fall in real estate prices. Czech housing affordability remains one of the best in Europe.

As mortgage loans have grown to a sizable amount, the business has become much more cost-efficient and profitable. We estimate mortgage business generates ROE of over 20% and contributes around 15% to the banking sector’s bottom line. LBBW and Raiffeisen seem to generate over 20% of their profits from mortgages when Hypoteční Banka’s results are taken as a guide.

The three largest banks (ČSOB, Česká Spořitelna and Komerční banka) further cemented their market position in 1Q13 taking their share to 65.4%. ČSOB remains the leader closely followed by Spořitelna. In 1Q13, Raiffeisen confirmed its turnaround while GE Money Bank continued losing its market position the most.

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What Banks in Czechia Were the Most Cost Efficient in 2017?

September 27, 2018

Based on a comparison of 15 banks in the Czech Republic in 2017, Hypotecni Banka was the most cost efficient bank, followed by PPF Banka and Stavebni Sporitelna Ceske Sporitelny.

Hypotecni Banka's cost to income ratio reached 22.1% in 2017,

Based on a comparison of 15 banks in the Czech Republic in 2017, Hypotecni Banka was the most cost efficient bank, followed by PPF Banka and Stavebni Sporitelna Ceske Sporitelny.

Hypotecni Banka's cost to income ratio reached 22.1% in 2017, down from 21.1% when compared to the last year. Historically, the bank’s costs reached an all time high of 1,607% in 1997 and an all time low of 15.5% in 2011.

When compared to total assets, bank's cost amounted to 1.39% in 2017, down from 0.429% a year earlier.

Comparing Hypotecni Banka with its closest peers, PPF Banka operated in 2017 with a cost to income ratio of 28.8%, Stavebni Sporitelna Ceske Sporitelny reached 37.2% and J&T Banka some 40.8%.

The average cost to income ratio reached 45.1% in the Czech banking sector in 2017.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Czech banks in the report section.

What Banks in Czechia Had the Most Bad Loans in 2017?

September 27, 2018

Based on a comparison of 15 banks in the Czech Republic in 2017, Moravsky Penezni Ustav had the highest share of bad loans, followed by PPF Banka and Fio banka.

Moravsky Penezni Ustav's non-performing loans reached 26.4% of total loans at

Based on a comparison of 15 banks in the Czech Republic in 2017, Moravsky Penezni Ustav had the highest share of bad loans, followed by PPF Banka and Fio banka.

Moravsky Penezni Ustav's non-performing loans reached 26.4% of total loans at the end of 2017, up from 24.4% when compared to the previous year. Historically, the NPL ratio hit an all time high of 39.4% in 2015 and an all time low of 2.23% in 2008.

Provision coverage amounted to 13.8% at the end of 2017, up from 7.63% compared to a year earlier.

Comparing Moravsky Penezni Ustav with its closest peers, PPF Banka operated at the end of 2017 with NPL ratio of 13.8% and provision coverage of 22.6%, Fio banka with 11.8% and 32.7% and J&T Banka had 10.7% of bad loans covered with 39.3% by provisions at the end of 2017.

Non-performing loans of the whole Czechia’s banking sector amounted to 3.74% of total loans in 2017, down from 4.59% when compared to the last year.

You can see all the banks non-performing loans data on the NPLs (As % Of Loans) indicator page or you can download a report on the Czech banks in the report section.

What Banks in Czechia Were the Most Cost Efficient in 2016?

September 27, 2018

Based on a comparison of 15 banks in the Czech Republic in 2016, Hypotecni Banka was the most cost efficient bank, followed by PPF Banka and Stavebni Sporitelna Ceske Sporitelny.

Hypotecni Banka's cost to income ratio reached 21.1% in 2016,

Based on a comparison of 15 banks in the Czech Republic in 2016, Hypotecni Banka was the most cost efficient bank, followed by PPF Banka and Stavebni Sporitelna Ceske Sporitelny.

Hypotecni Banka's cost to income ratio reached 21.1% in 2016, up from 17.5% when compared to the last year. Historically, the bank’s costs reached an all time high of 1,607% in 1997 and an all time low of 15.5% in 2011.

When compared to total assets, bank's cost amounted to 1.39% in 2016, up from 0.381% a year earlier.

Comparing Hypotecni Banka with its closest peers, PPF Banka operated in 2016 with a cost to income ratio of 33.3%, Stavebni Sporitelna Ceske Sporitelny reached 35.0% and Expobank Czech Republic some 35.3%.

The average cost to income ratio reached 43.7% in the Czech banking sector in 2016.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Czech banks in the report section.

Home Credit Group - Retail Loan Growth

September 25, 2018

Home Credit Group's retail loans reached EUR 16,707 mil at the end of 2017, up 72.5% compared to the previous year. In the last decade, the average annual loan growth amounted to 21.6%.

Overall, retail loans accounted for

Home Credit Group's retail loans reached EUR 16,707 mil at the end of 2017, up 72.5% compared to the previous year. In the last decade, the average annual loan growth amounted to 21.6%.

Overall, retail loans accounted for 108% of the bank's loan book at the end of 2017.

Mortgage loans rose 32.4% to EUR 147 mil in 2017 and accounted for 0.880% of the retail loan portfolio.

You can see all the bank’s data at Home Credit Group Profile, or you can download a report on the bank in the report section.

See all charts of the company »

Home Credit's npls (as % of loans) rose 10.3% to 6.84% in 2017

Home Credit's net interest margin rose 6.14% to 13.3% in 2017

Home Credit's corporate loans fell 8.40% to EUR 163 mil in 2017

Home Credit's net interest income rose 57.9% to EUR 2,417 mil in 2017

Home Credit's net profit rose 20.3% to EUR 256 mil in 2017

Home Credit's retail loan growth rose 7.48% to 72.5% in 2017

Home Credit's customer loan growth fell 18.0% to 56.6% in 2017