Home Credit Indonesia

Home Credit Indonesia's net interest margin fell 25.7% yoy to 22.0% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Indonesia's net interest margin amounted to 22.0% in the second quarter of 2019, down from 24.1% when compared to th...

Home Credit Indonesia's npls (as % of loans) rose 10.4% yoy to 3.91% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Indonesia's non-performing loans reached 3.91% of total loans at the end of 2019-06-30, up from 3.54% compared to the...

Home Credit Indonesia's net profit fell 20,975% yoy to IDR -18.2 bil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Indonesia made a net profit of IDR -18.2 bil under revenues of IDR 622 bil in the second quarter of 2019, down 20% and ...

Profit Statement 2016 2017 2018
Net Interest Income IDR bil 181 642 1,084
Fee Income (As % Of Revenues) % 49.9 34.4 43.7
Other Income IDR bil 0.573 -0.522 -0.752
Total Revenues IDR bil 362 979 1,925
Staff Cost IDR bil 342 605 941
Operating Profit IDR bil -202 13.0 459
Provisions IDR bil 76.5 304 541
Net Profit IDR bil -278 -291 65.8
Balance Sheet 2016 2017 2018
Interbank Loans IDR bil 0.500 0.500 0.500
Customer Loans IDR bil 467 2,386 3,486
Debt Securities IDR bil 0 0 0
Total Assets IDR bil 790 3,041 4,572
Shareholders' Equity IDR bil 336 504 831
Interbank Borrowing IDR bil 305 2,163 3,142
Customer Deposits IDR bil 0 0 0
Issued Debt Securities IDR bil 0 0 0
Ratios 2016 2017 2018
ROE % -82.9 -69.4 9.86
ROA % -35.3 -15.2 1.73
Costs (As % Of Assets) % 71.5 50.4 38.5
Costs (As % Of Income) % 156 98.7 76.2
Net Interest Margin % 22.9 33.5 28.5
NPLs (As % Of Loans) % ... 7.42 4.12
Provisions (As % Of NPLs) % ... 107 264
Growth Rates 2016 2017 2018
Total Revenue Growth % ... 170 96.6
Operating Cost Growth % ... 71.2 51.8
Operating Profit Growth % ... -106 3,424
Net Profit Growth % ... 4.68 -123
Customer Loan Growth % ... 411 46.1
Total Asset Growth % ... 285 50.4
Shareholders' Equity Growth % ... 50.2 64.7

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summary Unit 2016 2017 2018
income statement      
Net Interest Income IDR bil 181    
Total Revenues IDR bil 362    
Operating Profit IDR bil -202    
Net Profit IDR bil -278    
balance sheet      
Interbank Loans IDR bil 0.500    
Customer Loans IDR bil 467    
Debt Securities IDR bil 0    
Total Assets IDR bil 790    
Shareholders' Equity IDR bil 336    
Interbank Borrowing IDR bil 305    
Customer Deposits IDR bil 0    
Issued Debt Securities IDR bil 0    
ratios      
ROE % -82.9    
ROA % -35.3    
Costs (As % Of Assets) % 71.5    
Costs (As % Of Income) % 156    
Net Interest Margin % 22.9    
Interest Income (As % Of Revenues) % 49.9    
Fee Income (As % Of Revenues) % 49.9    
Staff Cost (As % Of Total Cost) % 60.6    
Equity (As % Of Assets) % 42.5    
Loans (As % Assets) % 59.1    
NPLs (As % Of Loans) % ...    
Provisions (As % Of NPLs) % ...    
income statement Unit 2016 2017 2018
income statement      
Interest Income IDR bil 208    
Interest Cost IDR bil 27.0    
Net Interest Income IDR bil 181    
Net Fee Income IDR bil 181    
Other Income IDR bil 0.573    
Total Revenues IDR bil 362    
Staff Cost IDR bil 342    
Depreciation IDR bil 50.2    
Other Cost IDR bil 172    
Operating Cost IDR bil 564    
Operating Profit IDR bil -202    
Provisions IDR bil 76.5    
Extra and Other Cost IDR bil < -0.001    
Pre-Tax Profit IDR bil -278    
Tax IDR bil 0    
Minorities IDR bil 0    
Net Profit IDR bil -278    
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 % ...    
market share      
Market Share in Revenues % < 0.001   ...
balance sheet Unit 2016 2017 2018
balance sheet      
Cash IDR bil 42.6    
Interbank Loans IDR bil 0.500    
Customer Loans IDR bil 467    
Retail Loans IDR bil 467    
Mortgage Loans IDR bil 0    
Consumer Loans IDR bil 467    
Corporate Loans IDR bil 0    
Debt Securities IDR bil 0    
Fixed Assets IDR bil 183    
Total Assets IDR bil 790    
Shareholders' Equity IDR bil 336    
Liabilities IDR bil 454    
Interbank Borrowing IDR bil 305    
Customer Deposits IDR bil 0    
Issued Debt Securities IDR bil 0    
Other Liabilities IDR bil 149    
asset quality      
Non-Performing Loans IDR bil ...    
Gross Loans IDR bil 514    
Total Provisions IDR bil 46.9    
growth rates      
Customer Loan Growth % ...    
Retail Loan Growth % ...    
Consumer Loan Growth % ...    
Total Asset Growth % ...    
Shareholders' Equity Growth % ...    
market share      
Market Share in Customer Loans % < 0.001   ...
Market Share in Corporate Loans % 0   ...
Market Share in Retail Loans % < 0.001   ...
Market Share in Consumer Loans % < 0.001   ...
Market Share in Mortgage Loans % 0   ...
Market Share in Total Assets % < 0.001   ...
Market Share in Customer Deposits % 0   ...

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Home Credit Indonesia's net interest income rose 7.57% yoy to IDR 295 bil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Indonesia generated total banking revenues of IDR 622 bil in the second quarter of 2019, up 28.6% when compared to the same period of last year and 8.42% when compared to the previous quarter. Historically, the bank’s revenues containing of intere...

Home Credit Indonesia's equity (as % of assets) fell 1.04% yoy to 20.9% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Indonesia's Equity reached 6.40% of total assets in the 2Q2019, down from 6.57% for the previous year. As a share of net customer loans, the ratio amounted to 11.2% at the end of the second quarter of 2019. ...

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Finance

Home Credit Indonesia has been growing its revenues and asset by 0% and 0% a year on average in the last 3 years. Its loans and deposits have grown by 0% and 0% a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of -47.5% in the last three years with net profit growing 0% a year on average. In terms of operating efficiency, its cost to income ratio reached 76.2% in 2018, compared to 110% average in the last three years.

Equity represented 18.2% of total assets or 23.8% of loans at the end of 2018. Home Credit Indonesia's non-performing loans were 4.12% of total loans while provisions covered some 264% of NPLs at the end of 2018.