Imex Banka

Imex Banka's npls (as % of loans) rose 35.4% to 25.3% in 2017

By Helgi Analytics - August 11, 2018

Imex Banka's non-performing loans reached 25.3% of total loans at the end of 2017, up from 18.7% compared to the previous year. ...

Imex Banka's total revenues rose 2.59% to HRK 57.5 mil in 2017

By Helgi Analytics - August 11, 2018

Imex Banka generated total banking revenues of HRK 57.5 mil in 2017, up 2.59% compared to the previous year. Croatian bank...

Imex Banka's customer loans fell 4.01% to HRK 1,000 mil in 2017

By Helgi Analytics - August 11, 2018

Imex Banka's customer loans reached HRK 1,000 mil in 2017, down 4.01% compared to the previous year. Croatian banking sector pr...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 49.5 46.9 51.5
Fee Income (As % Of Revenues) % 9.92 6.92 8.60
Other Income HRK mil 24.8 5.34 1.11
Total Revenues HRK mil 82.5 56.1 57.5
Staff Cost HRK mil 19.8 22.2 23.0
Operating Profit HRK mil 40.6 6.57 7.77
Provisions HRK mil 86.6 11.9 22.0
Net Profit HRK mil -46.2 -5.36 -14.2
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 0.683 0.676 0.673
Customer Loans HRK mil 1,133 1,042 1,000
Debt Securities HRK mil 16.0 475 324
Total Assets HRK mil 2,034 2,011 1,747
Shareholders' Equity HRK mil 150 143 129
Interbank Borrowing HRK mil 50.2 1.92 0.572
Customer Deposits HRK mil 1,656 1,697 1,503
Issued Debt Securities HRK mil 140 140 82.9
Ratios 2015 2016 2017
ROE % -28.2 -3.66 -10.4
ROA % -2.13 -0.265 -0.755
Costs (As % Of Assets) % 1.93 2.45 2.65
Costs (As % Of Income) % 50.8 88.3 86.5
Capital Adequacy Ratio % 13.5 16.4 15.3
Net Interest Margin % 2.28 2.32 2.74
Loans (As % Of Deposits) % 68.4 61.4 66.5
NPLs (As % Of Loans) % 16.0 18.7 25.3
Provisions (As % Of NPLs) % 81.2 73.5 62.9
Growth Rates 2015 2016 2017
Total Revenue Growth % -2.36 -32.0 2.59
Operating Cost Growth % 4.97 18.1 0.513
Operating Profit Growth % -8.93 -83.8 18.3
Net Profit Growth % -388 -88.4 165
Customer Loan Growth % -13.0 -8.06 -4.01
Total Asset Growth % -11.9 -1.13 -13.2
Customer Deposit Growth % -7.65 2.46 -11.4
Shareholders' Equity Growth % -16.2 -4.38 -10.1
Employees 152 157 165

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summary Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                  
Net Interest Income HRK mil ... ... ... ... ... ... ... ... ...   76.9 51.3 57.9 64.5 49.5    
Total Revenues HRK mil ... ... ... ... ... ... ... ... ...   87.5 61.5 76.9 84.5 82.5    
Operating Profit HRK mil ... ... ... ... ... ... ... ... ...   48.1 24.4 36.4 44.6 40.6    
Net Profit HRK mil ... ... ... ... ... ... ... ... ...   20.1 10.3 9.49 16.1 -46.2    
balance sheet                                  
Interbank Loans HRK mil ... ... ... ... ... ... ... ... ...   187 53.0 0.472 0.820 0.683    
Customer Loans HRK mil ... ... ... ... ... ... ... ... ...   1,043 1,226 1,304 1,303 1,133    
Debt Securities HRK mil ... ... ... ... ... ... ... ... ...   28.3 258 279 363 16.0    
Total Assets HRK mil                     1,905 2,100 2,249 2,309 2,034    
Shareholders' Equity HRK mil                     140 130 140 179 150    
Interbank Borrowing HRK mil ... ... ... ... ... ... ... ... ...   113 161 155 107 50.2    
Customer Deposits HRK mil ... ... ... ... ... ... ... ... ...   1,436 1,553 1,700 1,794 1,656    
Issued Debt Securities HRK mil ... ... ... ... ... ... ... ... ...   171 218 215 190 140    
ratios                                  
ROE % ... ... ... ... ... ... ... ... ...   16.2 7.60 7.03 10.1 -28.2    
ROA % ... ... ... ... ... ... ... ... ...   1.16 0.512 0.436 0.705 -2.13    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ...   2.26 1.85 1.86 1.75 1.93    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ...   45.0 60.4 52.6 47.3 50.8    
Capital Adequacy Ratio %                     14.6 14.7 14.3 14.0 13.5    
Net Interest Margin % ... ... ... ... ... ... ... ... ...   4.42 2.56 2.66 2.83 2.28    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ...   88.0 83.4 75.4 76.4 60.0    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ...   6.97 12.2 19.5 21.2 9.92    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ...   41.4 48.2 47.1 46.1 47.3    
Equity (As % Of Assets) %                     7.35 6.20 6.21 7.74 7.36    
Loans (As % Of Deposits) % ... ... ... ... ... ... ... ... ...   72.7 79.0 76.7 72.6 68.4    
Loans (As % Assets) % ... ... ... ... ... ... ... ... ...   54.8 58.4 58.0 56.4 55.7    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...   21.2 7.11 10.4 9.21 16.0    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...   18.7 76.8 59.3 79.7 81.2    
income statement Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                  
Interest Income HRK mil ... ... ... ... ... ... ... ... ...   154 133 144 143 114    
Interest Cost HRK mil ... ... ... ... ... ... ... ... ...   76.8 82.0 86.1 78.8 64.3    
Net Interest Income HRK mil ... ... ... ... ... ... ... ... ...   76.9 51.3 57.9 64.5 49.5    
Net Fee Income HRK mil ... ... ... ... ... ... ... ... ...   6.10 7.49 15.0 17.9 8.18    
Other Income HRK mil ... ... ... ... ... ... ... ... ...   4.43 2.73 3.94 2.10 24.8    
Total Revenues HRK mil ... ... ... ... ... ... ... ... ...   87.5 61.5 76.9 84.5 82.5    
Staff Cost HRK mil ... ... ... ... ... ... ... ... ...   16.3 17.9 19.1 18.4 19.8    
Depreciation HRK mil ... ... ... ... ... ... ... ... ...   3.79 3.74 3.44 3.19 3.11    
Other Cost HRK mil ... ... ... ... ... ... ... ... ...   19.3 15.5 17.9 18.3 19.0    
Operating Cost HRK mil ... ... ... ... ... ... ... ... ...   39.4 37.1 40.4 39.9 41.9    
Operating Profit HRK mil ... ... ... ... ... ... ... ... ...   48.1 24.4 36.4 44.6 40.6    
Provisions HRK mil ... ... ... ... ... ... ... ... ...   22.8 11.4 24.3 24.5 86.6    
Extra and Other Cost HRK mil ... ... ... ... ... ... ... ... ...   0 -0.001 < 0.001 0 0.001    
Pre-Tax Profit HRK mil                     25.3 13.0 12.1 20.1 -46.0    
Tax HRK mil ... ... ... ... ... ... ... ... ...   5.18 2.70 2.63 4.05 0    
Minorities HRK mil ... ... ... ... ... ... ... ... ...   0 0 0 0 0    
Net Profit HRK mil ... ... ... ... ... ... ... ... ...   20.1 10.3 9.49 16.1 -46.2    
growth rates                                  
Net Interest Income Growth % ... ... ... ... ... ... ... ... ... ... 31.0 -33.4 13.0 11.4 -23.3    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ... ... -7.37 22.8 100 19.1 -54.2    
Total Revenue Growth % ... ... ... ... ... ... ... ... ... ... 26.1 -29.7 25.0 9.92 -2.36    
Operating Cost Growth % ... ... ... ... ... ... ... ... ... ... 8.51 -5.78 8.91 -1.20 4.97    
Operating Profit Growth % ... ... ... ... ... ... ... ... ... ... 45.3 -49.3 49.6 22.2 -8.93    
Pre-Tax Profit Growth % ...                   147 -48.8 -6.54 65.8 -329    
Net Profit Growth % ... ... ... ... ... ... ... ... ... ... 150 -49.1 -7.55 69.4 -388    
market share                                  
Market Share in Revenues % ... ... ... ... ... ... ... ... ...   0.544 0.414 0.534 0.584 0.567    
Market Share in Net Profit % ... ... ... ... ... ... ... ... ...   0.532 0.377 2.00 1.17 ... ... ...
Market Share in Employees % ... ... ... ... ... ... ... ... ...   0.581 0.642 0.659 0.713 0.727    
balance sheet Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                  
Cash HRK mil ... ... ... ... ... ... ... ... ...   283 482 562 548 584    
Interbank Loans HRK mil ... ... ... ... ... ... ... ... ...   187 53.0 0.472 0.820 0.683    
Customer Loans HRK mil ... ... ... ... ... ... ... ... ...   1,043 1,226 1,304 1,303 1,133    
Debt Securities HRK mil ... ... ... ... ... ... ... ... ...   28.3 258 279 363 16.0    
Fixed Assets HRK mil ... ... ... ... ... ... ... ... ...   46.8 43.8 43.4 41.3 32.8    
Total Assets HRK mil                     1,905 2,100 2,249 2,309 2,034    
Shareholders' Equity HRK mil                     140 130 140 179 150    
Of Which Minority Interest HRK mil ... ... ... ... ... ... ... ... ... ... ... 0 0 0 0    
Liabilities HRK mil                     1,765 1,970 2,109 2,130 1,884    
Interbank Borrowing HRK mil ... ... ... ... ... ... ... ... ...   113 161 155 107 50.2    
Customer Deposits HRK mil ... ... ... ... ... ... ... ... ...   1,436 1,553 1,700 1,794 1,656    
Sight Deposits HRK mil ... ... ... ... ... ... ... ... ...   113 161 155 155 130    
Term Deposits HRK mil ... ... ... ... ... ... ... ... ...   1,323 1,391 1,545 1,639 1,527    
Issued Debt Securities HRK mil ... ... ... ... ... ... ... ... ...   171 218 215 190 140    
Other Liabilities HRK mil ... ... ... ... ... ... ... ... ...   45.0 38.5 38.9 39.6 38.2    
asset quality                                  
Non-Performing Loans HRK mil ... ... ... ... ... ... ... ... ...   230 92.2 145 129 209    
Gross Loans HRK mil ... ... ... ... ... ... ... ... ...   1,087 1,297 1,390 1,406 1,303    
Total Provisions HRK mil ... ... ... ... ... ... ... ... ...   43.1 70.8 85.9 103 170    
growth rates                                  
Customer Loan Growth % ... ... ... ... ... ... ... ... ... ... -18.2 17.5 6.37 -0.098 -13.0    
Total Asset Growth % ...                   20.9 10.3 7.07 2.66 -11.9    
Shareholders' Equity Growth % ...                   28.6 -7.06 7.29 28.0 -16.2    
Customer Deposit Growth % ... ... ... ... ... ... ... ... ... ... 19.6 8.12 9.52 5.48 -7.65    
market share                                  
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ...   0.414 0.519 0.557 0.568 0.509    
Market Share in Total Assets %                     0.457 0.512 0.542 0.551 0.489    
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ...   0.651 0.684 0.719 0.734 0.644    
ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                  
ROE % ... ... ... ... ... ... ... ... ...   16.2 7.60 7.03 10.1 -28.2    
ROA % ... ... ... ... ... ... ... ... ...   1.16 0.512 0.436 0.705 -2.13    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ...   2.26 1.85 1.86 1.75 1.93    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ...   45.0 60.4 52.6 47.3 50.8    
Capital Adequacy Ratio %                     14.6 14.7 14.3 14.0 13.5    
Net Interest Margin % ... ... ... ... ... ... ... ... ...   4.42 2.56 2.66 2.83 2.28    
Interest Spread % ... ... ... ... ... ... ... ... ...   4.08 2.26 2.40 2.57 2.04    
Asset Yield % ... ... ... ... ... ... ... ... ...   8.83 6.65 6.62 6.29 5.24    
Cost Of Liabilities % ... ... ... ... ... ... ... ... ...   4.75 4.39 4.22 3.72 3.20    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ...   88.0 83.4 75.4 76.4 60.0    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ...   6.97 12.2 19.5 21.2 9.92    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ...   5.06 4.44 5.12 2.49 30.1    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ...   2,002 1,832 1,945 1,714 1,633    
Cost Per Employee (Local Currency) HRK per month ... ... ... ... ... ... ... ... ...   10,711 10,721 11,104 10,164 10,881    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ...   41.4 48.2 47.1 46.1 47.3    
Equity (As % Of Assets) %                     7.35 6.20 6.21 7.74 7.36    
Loans (As % Of Deposits) % ... ... ... ... ... ... ... ... ...   72.7 79.0 76.7 72.6 68.4    
Loans (As % Assets) % ... ... ... ... ... ... ... ... ...   54.8 58.4 58.0 56.4 55.7    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...   21.2 7.11 10.4 9.21 16.0    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...   18.7 76.8 59.3 79.7 81.2    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ...   4.14 5.77 6.59 7.91 15.0    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ...   1.96 1.00 1.92 1.88 7.11    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                  
Employees ... ... ... ... ... ... ... ... ...   127 139 143 151 152    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ...   7.87 10.4 9.14 8.64 7.83    

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Imex Banka's net profit fell 165% to HRK -14.2 mil in 2017

By Helgi Analytics - August 11, 2018

Imex Banka made a net profit of HRK -14.2 mil under revenues of HRK 57.5 mil in 2017, up -165% and 2.59% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of HRK 20.1 mil in 2011 and an all time low of HRK -46.2 ...

Imex Banka's net interest margin rose 18.3% to 2.74% in 2017

By Helgi Analytics - August 11, 2018

Imex Banka's net interest margin amounted to 2.74% in 2017, up from 2.32% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.42% in 2011 and an all time low of 2.28% in 2015. The average margin in t...

Imex Banka's customer deposits fell 11.4% to HRK 1,503 mil in 2017

By Helgi Analytics - August 11, 2018

Imex Banka's customer deposits reached HRK 1,503 mil in 2017, down 11.4% compared to the previous year. Croatian banking sector accepted customer deposits of HRK 273 bil in 2017, up 2.57% when compared to the last year. Imex Banka accounted for 0.550% of ...

Imex Banka's net interest income rose 9.86% to HRK 51.5 mil in 2017

By Helgi Analytics - August 11, 2018

Imex Banka generated total banking revenues of HRK 57.5 mil in 2017, up 2.59% 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 HRK 87.5 mil in 2011 and an all ...

Imex Banka's customer loan growth rose 50.3% to -4.01% in 2017

By Helgi Analytics - August 11, 2018

Imex Banka's customer loan growth reached -4.01% in 2017, up from -8.06% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 17.5% in 2012 and an all time low of -18.2% in 2011. In the last decade, the average ...

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Finance

Imex Banka has been growing its revenues and asset by -1.31% and -3.62% a year on average in the last 5 years. Its loans and deposits have grown by -3.99% and -0.643% a year during that time and loans to deposits ratio reached 66.5% at the end of 2017. The company achieved an average return on equity of -5.02% in the last five years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 86.5% in 2017, compared to 65.1% average in the last five years.

Equity represented 7.37% of total assets or 12.9% of loans at the end of 2017. Imex Banka's non-performing loans were 25.3% of total loans while provisions covered some 62.9% of NPLs at the end of 2017.