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Hypotecni Banka

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Hypotecni Banka

Hypoteční Banka is the Czech Republic's largest mortgage lender with a share of over 25%. Despite being a 100% subsidiary of ČSOB, Hypoteční has kept its distinctive brand name and relatively high level of independence. The numbers suggest that the bank possesses all the right ingredients for success; it is exposed to the fastest-growing area of banking, mortgage lending (its loan book has doubled over the last

Read more »
Hypoteční Banka is the Czech Republic's largest mortgage lender with a share of over 25%. Despite being a 100% subsidiary of ČSOB, Hypoteční has kept its distinctive brand name and relatively high level of independence. The numbers suggest that the bank possesses all the right ingredients for success; it is exposed to the fastest-growing area of banking, mortgage lending (its loan book has doubled over the last five years), it is extremely cost-efficient, with costs accounting for less than 16% of revenues, its asset quality remains under good control (with non-performing loans at 3.8% of the total at the end of 2012) and its interest margins are still good (above 200 bp) in spite of the declining interest rates. When adjusted for hefty overcapitalisation, Hypoteční Banka’s ROE jumps to a more realistic 20-30%, one of the highest figures in the Czech banking sector.

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AnnualQuarterly
summary Unit
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

income statement

                            4,333 4,533 4,580 4,617 4,427    
                            4,711 4,975 5,069 5,172 4,985    
                            3,982 4,186 4,209 4,237 4,111    
                            2,631 2,796 2,858 3,078 2,990    

balance sheet

                            17,903 20,239 17,531 10,536 6,622    
                            162,787 180,678 196,097 211,380 228,340    
                            0.000 0.000 0.000 17.0 25.0    
                            181,002 201,176 213,948 222,353 236,195    
                            24,460 27,857 27,918 30,619 33,647    
                            54,819 68,931 64,464 38,793 220    
                            696 435 515 535 452    
                            100,419 103,242 120,344 151,372 200,797    

ratios

                            11.6% 10.7% 10.2% 10.5% 9.31%    
                            1.53% 1.46% 1.38% 1.41% 1.30%    
                            0.424% 0.413% 0.414% 0.429% 0.381%    
                            15.5% 15.8% 17.0% 18.1% 17.5%    
...                           46.4% 43.5% 33.8% 34.7% 36.6%    
                            2.52% 2.37% 2.21% 2.12% 1.93%    
                            92.0% 91.1% 90.4% 89.3% 88.8%    
                            9.66% 9.23% 9.55% 9.18% 10.1%    
                            59.8% 61.4% 55.8% 51.7% 61.7%    
                            13.5% 13.8% 13.0% 13.8% 14.2%    
                            162% 175% 163% 140% 114%    
                            89.9% 89.8% 91.7% 95.1% 96.7%    
... ... ...                       4.07% 3.90% 3.76% 5.24% 3.12%    
... ... ...                       34.7% 40.2% 42.7% 29.4% 43.4%    

Download Data
income statement Unit
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

income statement

Interest Income CZK mil
Interest Cost CZK mil
Net Interest Income CZK mil
Net Fee Income CZK mil
Other Income CZK mil
Total Revenues CZK mil
Staff Cost CZK mil
Depreciation CZK mil
Other Cost CZK mil
Operating Cost CZK mil
Operating Profit CZK mil
Provisions CZK mil
Extra and Other Cost CZK mil
Pre-Tax Profit CZK mil
Tax CZK mil
Minorities CZK mil
Net Profit CZK mil
Dividends CZK mil
                            8,880 9,224 8,449 8,166 7,565    
                            4,547 4,690 3,869 3,549 3,138    
                            4,333 4,533 4,580 4,617 4,427    
                            455 459 484 475 504    
                            -76.6 -17.6 5.00 80.0 54.0    
                            4,711 4,975 5,069 5,172 4,985    
                            436 484 480 483 539    
                            64.4 76.0 88.0 111 49.0    
                            229 229 292 341 286    
                            730 788 860 935 874    
                            3,982 4,186 4,209 4,237 4,111    
                            729 737 672 439 419    
                            -0.001 < 0.001 -1.00 0.000 0.000    
                            3,252 3,450 3,538 3,798 3,692    
                            622 654 680 720 702    
                            0.000 0.000 0.000 0.000 0.000    
                            2,631 2,796 2,858 3,078 2,990    
... ... ... ... ... ... ... ... ... ...         2,499 2,796 2,858 3,078 2,990   ...

growth rates

...                           18.3% 4.62% 1.03% 0.808% -4.12%    
...                           16.4% 0.918% 5.42% -1.86% 6.11%    
...                           16.2% 5.59% 1.89% 2.03% -3.62%    
...                           8.01% 8.00% 9.09% 8.72% -6.52%    
...                           17.8% 5.15% 0.539% 0.665% -2.97%    
...                           42.1% 6.07% 2.55% 7.35% -2.79%    
...                           42.4% 6.27% 2.24% 7.70% -2.86%    

market share

                            2.91% 2.98% 3.01% 3.08% 2.86%    
... ... ... ...                     4.93% 4.35% 4.68% 4.88% 4.51%    
...                           1.10% 1.14% 1.22% 1.21% 1.26%    
...               ... ... ... ... ... ... ... 0.810% 0.749% 1.32% 1.34%    

Download Data
balance sheet Unit
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

balance sheet

                            17,782 20,945 33.0 29.0 688    
                            17,903 20,239 17,531 10,536 6,622    
                            162,787 180,678 196,097 211,380 228,340    
                            162,787 180,678 196,097 211,380 228,340    
                            162,787 180,678 196,097 211,380 228,340    
                            0.000 0.000 0.000 0.000 0.000    
                            0.000 0.000 0.000 0.000 0.000    
                            0.000 0.000 0.000 17.0 25.0    
                            158 128 122 125 228    
                            181,002 201,176 213,948 222,353 236,195    
                            24,460 27,857 27,918 30,619 33,647    
                            0.000 0.000 0.000 0.000 0.000    
                            156,542 173,319 186,030 191,734 202,548    
                            54,819 68,931 64,464 38,793 220    
                            696 435 515 535 452    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 341 315 317 302    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 94.0 200 218 150    
                            100,419 103,242 120,344 151,372 200,797    
                            608 710 707 1,034 1,079    

asset quality

... ... ...                       6,715 7,160 7,501 11,229 7,201    
... ... ...                       165,117 183,558 199,297 214,309 231,075    
... ... ...                       2,330 2,880 3,200 3,302 3,124    

growth rates

...                           12.2% 11.0% 8.53% 7.79% 8.02%    
...                           12.2% 11.0% 8.53% 7.79% 8.02%    
...                           12.2% 11.0% 8.53% 7.79% 8.02%    
...                           10.9% 11.1% 6.35% 3.93% 6.23%    
...                           16.0% 13.9% 0.219% 9.67% 9.89%    
...                           53.0% -37.5% 18.3% 3.88% -15.5%    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -7.62% 0.635% -4.73%    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 113% 9.00% -31.2%    

market share

                            7.42% 8.03% 7.88% 8.12% 8.21%    
                            0.000% 0.000% 0.000% 0.000% 0.000%    
                            0.000% 0.000% 0.000% 0.000% 0.000%    
                            14.9% 16.0% 16.6% 17.2% 17.3%    
                            21.1% 22.3% 23.0% 23.5% 23.5%    
                            4.04% 4.34% 4.16% 4.19% 4.26%    
                            0.026% 0.015% 0.017% 0.016% 0.013%    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.019% 0.017% 0.016% 0.015%    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.013% 0.026% 0.026% 0.016%    

Download Data
ratios Unit
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

ratios

                            11.6% 10.7% 10.2% 10.5% 9.31%    
                            1.53% 1.46% 1.38% 1.41% 1.30%    
                            0.424% 0.413% 0.414% 0.429% 0.381%    
                            15.5% 15.8% 17.0% 18.1% 17.5%    
...                           46.4% 43.5% 33.8% 34.7% 36.6%    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 43.5% 33.8% 34.2% 36.1%    
                            2.52% 2.37% 2.21% 2.12% 1.93%    
...                           2.11% 1.98% 1.92% 1.86% 1.71%    
                            5.16% 4.83% 4.07% 3.74% 3.30%    
...                           3.04% 2.84% 2.15% 1.88% 1.59%    
... ... ... ... ... ... ... ... ... ...         95.0% 100% 100% 100% 100%   ...
                            92.0% 91.1% 90.4% 89.3% 88.8%    
                            9.66% 9.23% 9.55% 9.18% 10.1%    
                            -1.63% -0.353% 0.099% 1.55% 1.08%    
...                           4,737 4,491 4,233 3,851 4,034    
...                           83,781 87,849 82,816 82,311 86,212    
                            59.8% 61.4% 55.8% 51.7% 61.7%    
                            13.5% 13.8% 13.0% 13.8% 14.2%    
                            162% 175% 163% 140% 114%    
                            89.9% 89.8% 91.7% 95.1% 96.7%    
... ... ...                       4.07% 3.90% 3.76% 5.24% 3.12%    
... ... ...                       34.7% 40.2% 42.7% 29.4% 43.4%    
... ... ...                       1.43% 1.59% 1.63% 1.56% 1.37%    
                            0.474% 0.429% 0.357% 0.215% 0.191%    

Download Data
other data Unit
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

other data

...               ... ... ... ... ... ... ... 17.0 16.0 28.0 29.0    
...                           434 459 483 489 521    
... ...                         21,201 22,832 42,953 43,055 52,423   ...
... ... ... ... ... ... ...               35,755 37,427 25,544 24,372 28,022   ...
... ... ... ... ... ... ...               593 610 1,682 1,767 1,871   ...

Download Data
Comparison of 24 Banks in Czech Republic

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

Read more »

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 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.

Hypotecni Banka in Numbers

September 25, 2018
Hypotecni Banka in Numbers

This Annual statistical dossier offers a summary of Hypotecni Banka's performance between 1997 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

Read more »

This Annual statistical dossier offers a summary of Hypotecni Banka's performance between 1997 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 Hypotecni'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.

Czech Banking - Analysis of 3Q2014

This report analyses the main trends in the Czech banking with a special focus on the 3Q2014's performance. In the 108-page report, you will find all the necessary details regarding profitability of the sector, breakdown and trends of the volume growth, market share, margin and asset quality development in the sector and within the particular segments of the market.

In

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This report analyses the main trends in the Czech banking with a special focus on the 3Q2014's performance. In the 108-page report, you will find all the necessary details regarding profitability of the sector, breakdown and trends of the volume growth, market share, margin and asset quality development in the sector and within the particular segments of the market.

In addition, you will find here financials and market share of the 20 banks we cover in the Czech Republic including all key ratios describing their business. The report includes 446 charts and 40 tables.

The key points are:

  • Czech commercial banks announced a net profit of CZK 14,387 mil in the third quarter of the year, up 3.5% compared to the same period last year. In the first nine months of the year, however, the banks' profit dropped 0.8% yoy to CZK 50,258 mil. This implies an annualised ROE of 11.6% for the last 12 months.
  • Loans grew 0.6% qoq (or 5.2% yoy) in the third quarter. Mortgages still drive the volume growth (creating 90% of the loan growth in the 3rd quarter and 57% ytd) while corporate loans and consumer lending stagnate.
  • The weak momentum is especially disappointing as the economy picks up. Banks are overcapitalized (CAR at 18%) and have plenty of cheap deposits to play with (with loans accounting for 76% of deposits only).
  • In addition, asset quality remains of little concern. Non-performing loans account for 6.2% of total loans while half of them are covered by loan provisions.
  • The trio of the largest banks (Sporitelna, CSOB and Komercni Banka) created 70% of the quarterly profit and 66% of loan growth in the third quarter of the year. Despite losing market share in revenue or overall assets, their market dominance continues. On the other hand, small players finally seem to be challenging the "boring" status quo.

You might also find all banks' financials in the Company section at www.helgilibrary.com/companies, and key charts for each bank at www.helgilibrary.com/charts.

The report is free to download, just register at our webpage.

Hypoteční banka - Analysis of 3Q2014 Performance

This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.

The key highlights are:

Hypoteční's profit falls 13%...

Hypoteční banka reported a net profit of CZK

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This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.

The key highlights are:

Hypoteční's profit falls 13%...

Hypoteční banka reported a net profit of CZK 701 mil. in 3Q2014, down 13.4% compared to the same period last year. Ongoing margin pressure and an increased cost of risk stand behind the profit deterioration.

...but the overall picture remains solid

The big picture remains solid in spite of the weak momentum. The bank remains highly profitable (ROE reaches 18% when adjusted for the bank's overcapitalization), cost efficient (with cost to income at less than 18%), maintains its leading position on the market (a further 26 bp have been added to bank's 26.5% market share over the last year) and has plenty of (too much) capital to play with.

The challenges therefore come from external factors such as the declining interest rates on new mortgages sold and the ongoing market pressure.

Increasing margin pressure

The low rate environment is taking an increasing toll on the mortgage business profitability. The average interest rate on new loans has approached a level of 2.5%, which means big pressure on pricing when refinancing existing stock (still priced at nearly 4.0%).

Although the margin on new lending still seems to be pretty fat (1.9% when adjusted for 5-year swap), we believe it will decline in the coming quarters:

Lack of volume growth is one reason for the expected pressure and increasing competition is the other.

Slowing volume growth

Mortgage lending still remains one of the fastest-growing parts of the banking business in the Czech Republic. In the last 12 months, it has grown 7.1% yoy, which represented 40% of the overall increase in the sector loan book (and 90% in 3Q14 alone).

The problem might be that the volume of growth is not as impressive as in the past, so margin pressure could eat more into bank's profits at this time:

Rising competition pressure

Hypoteční banka is one of the best banks in the country in our view. The bank is well managed, is exposed to the right segment and has built and defended a leading position on the market.

The margin pressure and slower growth could however increase competition in the coming quarters. Apart from the more active rivals Spořitelna and Komerční, there is a pack of small players to watch for (Sberbank, Air Bank, mBank, Equa).

While small on their own and fragmented, together they could make a difference.

You will find more details about the bank at www.helgilibrary.com/companies

Hypotecni Banka at a Glance

Hypoteční Banka is the Czech Republic's largest mortgage lender with a share of over 25%. Despite being a 100% subsidiary of ČSOB, Hypoteční has kept its distinctive brand name and relatively high level of independence. The numbers suggest that the bank possesses all the right ingredients for success; it is exposed to the fastest-growing

Read more »

Hypoteční Banka is the Czech Republic's largest mortgage lender with a share of over 25%. Despite being a 100% subsidiary of ČSOB, Hypoteční has kept its distinctive brand name and relatively high level of independence. The numbers suggest that the bank possesses all the right ingredients for success; it is exposed to the fastest-growing area of banking, mortgage lending (its loan book has doubled over the last five years), it is extremely cost-efficient, with costs accounting for less than 16% of revenues, its asset quality remains under good control (with non-performing loans at 3.8% of the total at the end of 2012) and its interest margins are still good (above 200 bp) in spite of the declining interest rates. When adjusted for hefty overcapitalisation, Hypoteční Banka’s ROE jumps to a more realistic 20-30%, one of the highest figures in the Czech banking sector.

This report offers a summary of the company's performance in 1997-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.

In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector

Based on a comparison of 15 banks in the Czech Republic in 2017, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of 1,593, up 1.82% compared to the previous

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Based on a comparison of 15 banks in the Czech Republic in 2017, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of 1,593, up 1.82% 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 2,502 in 2008 and an all time low of 495 in 2000. The average revenue in the last five years amounted to 1,779.

Bank's total revenues accounted for 2.80% of total assets in 2017, up from 3.58% a year earlier.

Comparing Ceska Sporitelna with its closest peers, CSOB generated total revenues of 1,591, or 2.83% of assets in 2017, Komercni Banka operated with 1,329 total income, or 3.09% revenue margin and UniCredit Czech Republic produced total income worth 797, or 2.77% of assets.

Czech banking sector generated total revenues of 179,125 in 2017, down 0.589% when compared to the previous year. As a result, the top ranked company - Ceska Sporitelna accounted for 0.889% of the sector’s total income in 2017. The top 3 companies held a 2.52% share while the five largest firms some 3.21% in 2017.

You can see all the banks revenues data on the Total Revenues indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 15 banks in the Czech Republic in 2017, PPF Banka was paying its employees the best, followed by J&T Banka and Expobank Czech Republic.

PPF Banka employed 227 persons in 2017, up 8.10% when compared to the

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Based on a comparison of 15 banks in the Czech Republic in 2017, PPF Banka was paying its employees the best, followed by J&T Banka and Expobank Czech Republic.

PPF Banka employed 227 persons in 2017, up 8.10% when compared to the previous year. Historically, the bank's workforce hit an all time high of 227 persons in 2017 and an all time low of 64.0 in 2002.

Average cost reached 5,517 per employee, 3.74% less than a year ago. This figure was 5,459 some 10 years ago.

Staff accounted for 40.0% of total operating expenditures in 2017.

Comparing PPF Banka with its closest peers, J&T Banka had 730 employees with average cost of 5,294 per person, Expobank Czech Republic operated with 215 people (and 4,245 per employee) and Raiffeisenbank Czech Republic had 2,934 employees in 2017 with cost of 3,753 per head.

You can see all the banks cost per employee data on the Cost Per Employee indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 15 banks in the Czech Republic in 2016, PPF Banka was paying its employees the best, followed by J&T Banka and Stavebni Sporitelna Ceske Sporitelny.

PPF Banka employed 210 persons in 2016, up 7.14% when compared

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Based on a comparison of 15 banks in the Czech Republic in 2016, PPF Banka was paying its employees the best, followed by J&T Banka and Stavebni Sporitelna Ceske Sporitelny.

PPF Banka employed 210 persons in 2016, up 7.14% when compared to the previous year. Historically, the bank's workforce hit an all time high of 210 persons in 2016 and an all time low of 64.0 in 2002.

Average cost reached 5,732 per employee, 9.44% more than a year ago. This figure was 5,835 some 10 years ago.

Staff accounted for 36.9% of total operating expenditures in 2016.

Comparing PPF Banka with its closest peers, J&T Banka had 717 employees with average cost of 4,499 per person, Stavebni Sporitelna Ceske Sporitelny operated with 175 people (and 4,111 per employee) and Moravsky Penezni Ustav had 104 employees in 2016 with cost of 3,960 per head.

You can see all the banks cost per employee data on the Cost Per Employee indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 15 banks in the Czech Republic in 2017, Ceska Sporitelna was the largest bank by assets, followed by CSOB and Komercni Banka.

Ceska Sporitelna assets reached 56,862, up 30.3% when compared to the last year.

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Based on a comparison of 15 banks in the Czech Republic in 2017, Ceska Sporitelna was the largest bank by assets, followed by CSOB and Komercni Banka.

Ceska Sporitelna assets reached 56,862, up 30.3% when compared to the last year. Historically, the bank’s assets reached an all time high of 56,862 in 2017 and an all time low of 11,349 in 2000.

Comparing Ceska Sporitelna with its closest peers, CSOB assets amounted to 56,279, Komercni Banka operated with 42,951 assets and UniCredit Czech Republic had total assets of 28,750.

Total assets of the Czech banking sector amounted to CZK 6,724 bil in 2017, up 17.8% when compared to the last year. As a result, the top ranked company - Ceska Sporitelna accounted for 0.846% of the sector’s assets in 2017. The top 3 companies held a 2.32% share while the five largest firms some 2.96% in 2017.

You can see all the banks assets on the Total Assets indicator page or you can download a report on the Czech banks in the report section.

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Hypotecni's net profit fell 4.93% to CZK 695 mil in 4Q2017
Hypotecni's net profit fell 4.93% to CZK 695 mil in 4Q2017
Hypotecni's costs (as % of assets) fell 0.635% to 0.309% in 4Q2017
Hypotecni's net interest margin fell 5.20% to 1.32% in 4Q2017
Hypotecni's capital adequacy ratio rose 2.17% to 37.3% in 4Q2017
Hypotecni's net interest income fell 3.15% to CZK 944 mil in 4Q2017
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Hypotecni's customer loans rose 10.4% to CZK 280,409 mil in 2017
Hypotecni's net interest margin fell 20.7% to 1.43% in 2017
Hypotecni's net profit fell 11.8% to CZK 2,828 mil in 2017