Jadranska Banka

Jadranska Banka's customer loans fell 26.1% to HRK 407 mil in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka's customer loans reached HRK 407 mil in 2017, down 26.1% compared to the previous year. Croatian banking sector...

Jadranska Banka's npls (as % of loans) rose 21.1% to 40.0% in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka's non-performing loans reached 40.0% of total loans at the end of 2017, up from 33.0% compared to the previous ye...

Jadranska Banka's net interest margin fell 34.6% to 1.40% in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka's net interest margin amounted to 1.40% in 2017, down from 2.14% compared to the previous year. Historical...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 33.8 40.6 26.0
Fee Income (As % Of Revenues) % 20.1 15.5 16.5
Other Income HRK mil 8.31 12.7 24.5
Total Revenues HRK mil 52.7 63.1 60.4
Staff Cost HRK mil 30.1 24.1 24.7
Operating Profit HRK mil -62.6 -39.2 6.89
Provisions HRK mil 209 117 37.9
Net Profit HRK mil -272 -156 -31.0
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 67.3 71.3 57.3
Customer Loans HRK mil 1,047 551 407
Debt Securities HRK mil 77.3 383 549
Total Assets HRK mil 1,818 1,974 1,729
Shareholders' Equity HRK mil -295 60.1 40.6
Interbank Borrowing HRK mil 0 0 0
Customer Deposits HRK mil 1,964 1,735 1,542
Issued Debt Securities HRK mil 112 156 118
Ratios 2015 2016 2017
ROE % 173 133 -61.6
ROA % -12.8 -8.21 -1.67
Costs (As % Of Assets) % 5.41 5.39 2.89
Costs (As % Of Income) % 219 162 88.6
Capital Adequacy Ratio % -20.3 2.85 1.95
Net Interest Margin % 1.58 2.14 1.40
Loans (As % Of Deposits) % 53.3 31.7 26.4
NPLs (As % Of Loans) % 56.9 33.0 40.0
Provisions (As % Of NPLs) % 70.7 41.0 51.8
Growth Rates 2015 2016 2017
Total Revenue Growth % -29.0 19.7 -4.24
Operating Cost Growth % 9.03 -11.3 -47.7
Operating Profit Growth % 98.7 -37.4 -118
Net Profit Growth % -13.5 -42.8 -80.1
Customer Loan Growth % -23.4 -47.4 -26.1
Total Asset Growth % -25.6 8.56 -12.4
Customer Deposit Growth % -14.1 -11.7 -11.1
Shareholders' Equity Growth % 1,366 -120 -32.4
Employees 226 205 193

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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 ... ... ...               68.3 48.5 63.5 41.4 33.8    
Total Revenues HRK mil ... ... ...               102 98.5 101 74.2 52.7    
Operating Profit HRK mil ... ... ...               28.2 21.2 18.8 -31.5 -62.6    
Net Profit HRK mil ... ... ...               3.52 7.25 -99.4 -314 -272    
balance sheet                                  
Interbank Loans HRK mil ... ... ...               235 275 150 104 67.3    
Customer Loans HRK mil ... ... ...               1,617 1,703 1,750 1,366 1,047    
Debt Securities HRK mil ... ... ...               201 149 187 141 77.3    
Total Assets HRK mil                     2,879 3,057 2,946 2,445 1,818    
Shareholders' Equity HRK mil                     233 332 230 -20.1 -295    
Interbank Borrowing HRK mil ... ... ...               1.48 8.00 0 0 0    
Customer Deposits HRK mil ... ... ...               2,214 2,340 2,451 2,286 1,964    
Issued Debt Securities HRK mil ... ... ...               295 330 213 133 112    
ratios                                  
ROE % ... ... ...               1.26 2.57 -35.3 -299 173    
ROA % ... ... ...               0.127 0.244 -3.31 -11.7 -12.8    
Costs (As % Of Assets) % ... ... ...               2.68 2.60 2.73 3.92 5.41    
Costs (As % Of Income) % ... ... ...               72.5 78.5 81.3 142 219    
Capital Adequacy Ratio %                     16.0 15.3 11.3 -1.35 -20.3    
Net Interest Margin % ... ... ...               2.46 1.63 2.12 1.54 1.58    
Interest Income (As % Of Revenues) % ... ... ...               66.6 49.2 63.0 55.8 64.1    
Fee Income (As % Of Revenues) % ... ... ...               15.8 17.8 15.3 24.1 20.1    
Staff Cost (As % Of Total Cost) % ... ... ...               41.7 39.3 36.9 28.4 26.1    
Equity (As % Of Assets) %                     8.09 10.9 7.81 -0.822 -16.2    
Loans (As % Of Deposits) % ... ... ...               73.1 72.8 71.4 59.8 53.3    
Loans (As % Assets) % ... ... ...               56.2 55.7 59.4 55.9 57.6    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...       5.63 5.67 6.31 14.2 56.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...       134 127 159 185 70.7    
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 ... ... ...               159 143 160 123 91.1    
Interest Cost HRK mil ... ... ...               91.2 94.2 96.5 81.5 57.3    
Net Interest Income HRK mil ... ... ...               68.3 48.5 63.5 41.4 33.8    
Net Fee Income HRK mil ... ... ...               16.2 17.6 15.5 17.9 10.6    
Other Income HRK mil ... ... ...               18.0 32.4 21.8 15.0 8.31    
Total Revenues HRK mil ... ... ...               102 98.5 101 74.2 52.7    
Staff Cost HRK mil ... ... ...               31.0 30.4 30.2 30.0 30.1    
Depreciation HRK mil ... ... ...               4.36 4.21 5.13 5.34 4.91    
Other Cost HRK mil ... ... ...               39.0 42.7 46.6 70.4 80.3    
Operating Cost HRK mil ... ... ...               74.3 77.3 82.0 106 115    
Operating Profit HRK mil ... ... ...               28.2 21.2 18.8 -31.5 -62.6    
Provisions HRK mil ... ... ...               24.6 14.0 118 283 209    
Extra and Other Cost HRK mil ... ... ...               < -0.001 < -0.001 0 0 0    
Pre-Tax Profit HRK mil                     3.52 7.25 -99.4 -314 -272    
Tax HRK mil ... ... ...               0 0 0 0 0    
Minorities HRK mil ... ... ...               0 0 0 0 0    
Net Profit HRK mil ... ... ...               3.52 7.25 -99.4 -314 -272    
growth rates                                  
Net Interest Income Growth % ... ... ... ...             3.81 -28.9 31.0 -34.8 -18.4    
Net Fee Income Growth % ... ... ... ...             1.23 8.42 -11.9 15.5 -40.6    
Total Revenue Growth % ... ... ... ...             3.21 -3.90 2.33 -26.3 -29.0    
Operating Cost Growth % ... ... ... ...             0.344 3.96 6.09 29.0 9.03    
Operating Profit Growth % ... ... ... ...             11.6 -24.6 -11.4 -267 98.7    
Pre-Tax Profit Growth % ...                   -106 106 -1,471 216 -13.5    
Net Profit Growth % ... ... ... ...             -106 106 -1,471 216 -13.5    
market share                                  
Market Share in Revenues % ... ... ...               0.638 0.663 0.700 0.513 0.362    
Market Share in Net Profit % ... ... ...             ... 0.093 0.266 ... ... ... ... ...
Market Share in Employees % ... ... ...               1.13 1.14 1.19 1.17 1.08    
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 ... ... ...               613 712 661 705 453    
Interbank Loans HRK mil ... ... ...               235 275 150 104 67.3    
Customer Loans HRK mil ... ... ...               1,617 1,703 1,750 1,366 1,047    
Retail Loans HRK mil ... ... ...               336 310 291 291 287    
Corporate Loans HRK mil ... ... ...               1,282 1,393 1,459 1,075 761    
Debt Securities HRK mil ... ... ...               201 149 187 141 77.3    
Fixed Assets HRK mil ... ... ...               33.1 34.1 33.9 32.3 30.7    
Total Assets HRK mil                     2,879 3,057 2,946 2,445 1,818    
Shareholders' Equity HRK mil                     233 332 230 -20.1 -295    
Of Which Minority Interest HRK mil ... ... ...               0 0 0 0 0    
Liabilities HRK mil                     2,646 2,725 2,716 2,465 2,113    
Interbank Borrowing HRK mil ... ... ...               1.48 8.00 0 0 0    
Customer Deposits HRK mil ... ... ...               2,214 2,340 2,451 2,286 1,964    
Issued Debt Securities HRK mil ... ... ...               295 330 213 133 112    
Other Liabilities HRK mil ... ... ...               135 46.9 51.4 45.1 36.8    
asset quality                                  
Non-Performing Loans HRK mil ... ... ... ... ... ... ...       98.6 104 123 262 997    
Gross Loans HRK mil ... ... ...               1,750 1,836 1,945 1,852 1,752    
Total Provisions HRK mil ... ... ...               133 132 195 486 705    
growth rates                                  
Customer Loan Growth % ... ... ... ...             6.63 5.30 2.74 -21.9 -23.4    
Retail Loan Growth % ... ... ... ...             -1.67 -7.70 -6.13 0.170 -1.59    
Corporate Loan Growth % ... ... ... ...             9.04 8.70 4.71 -26.3 -29.2    
Total Asset Growth % ...                   7.66 6.21 -3.65 -17.0 -25.6    
Shareholders' Equity Growth % ...                   -28.3 42.8 -30.8 -109 1,366    
Customer Deposit Growth % ... ... ... ...             4.51 5.71 4.73 -6.72 -14.1    
market share                                  
Market Share in Customer Loans % ... ... ...               0.642 0.720 0.747 0.595 0.471    
Market Share in Corporate Loans % ... ... ...               1.15 1.44 1.53 1.17 0.872    
Market Share in Consumer Loans % ... ... ...               0.262 0.245 0.235 0.238 0.238    
Market Share in Total Assets %                     0.691 0.745 0.710 0.583 0.437    
Market Share in Customer Deposits % ... ... ...               1.00 1.03 1.04 0.936 0.764    
ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                  
ROE % ... ... ...               1.26 2.57 -35.3 -299 173    
ROA % ... ... ...               0.127 0.244 -3.31 -11.7 -12.8    
Costs (As % Of Assets) % ... ... ...               2.68 2.60 2.73 3.92 5.41    
Costs (As % Of Income) % ... ... ...               72.5 78.5 81.3 142 219    
Capital Adequacy Ratio %                     16.0 15.3 11.3 -1.35 -20.3    
Net Interest Margin % ... ... ...               2.46 1.63 2.12 1.54 1.58    
Interest Spread % ... ... ...               2.09 1.30 1.78 1.41 1.77    
Asset Yield % ... ... ...               5.75 4.81 5.33 4.56 4.27    
Cost Of Liabilities % ... ... ...               3.65 3.51 3.55 3.15 2.50    
Interest Income (As % Of Revenues) % ... ... ...               66.6 49.2 63.0 55.8 64.1    
Fee Income (As % Of Revenues) % ... ... ...               15.8 17.8 15.3 24.1 20.1    
Other Income (As % Of Revenues) % ... ... ...               17.6 32.9 21.6 20.2 15.8    
Cost Per Employee USD per month ... ... ...               1,955 1,752 1,703 1,699 1,664    
Cost Per Employee (Local Currency) HRK per month ... ... ...               10,457 10,254 9,722 10,075 11,086    
Staff Cost (As % Of Total Cost) % ... ... ...               41.7 39.3 36.9 28.4 26.1    
Equity (As % Of Assets) %                     8.09 10.9 7.81 -0.822 -16.2    
Loans (As % Of Deposits) % ... ... ...               73.1 72.8 71.4 59.8 53.3    
Loans (As % Assets) % ... ... ...               56.2 55.7 59.4 55.9 57.6    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...       5.63 5.67 6.31 14.2 56.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...       134 127 159 185 70.7    
Provisions (As % Of Loans) % ... ... ...               8.20 7.77 11.1 35.5 67.3    
Cost of Provisions (As % Of Loans) % ... ... ...               1.57 0.842 6.85 18.1 17.4    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                  
Employees ... ... ...               247 247 259 248 226    

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Jadranska Banka's total revenues fell 4.24% to HRK 60.4 mil in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka generated total banking revenues of HRK 60.4 mil in 2017, down 4.24% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to the last year. ...

Jadranska Banka's corporate loans fell 40.0% to HRK 179 mil in 2017

By Helgi Analytics - December 12, 2019

Jadranska Banka's corporate loans reached HRK 179 mil in 2017, down 40.0% compared to the previous year. Croatian banking sector provided corporate loans of HRK 70.6 bil in 2017, up 2.98% when compared to the last year. Jadranska Banka accounted for 0.219...

Jadranska Banka's net profit rose 80.1% to HRK -31.0 mil in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka made a net profit of HRK -31.0 mil under revenues of HRK 60.4 mil in 2017, up 80.1% and -4.24% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of HRK 33.4 mil in 2008 and an all time low of HRK ...

Jadranska Banka's customer deposits fell 11.1% to HRK 1,542 mil in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka's customer deposits reached HRK 1,542 mil in 2017, down 11.1% 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. Jadranska Banka accounted for ...

Jadranska Banka's net interest income fell 36.1% to HRK 26.0 mil in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka generated total banking revenues of HRK 60.4 mil in 2017, down 4.24% 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 108 mil in 2008 and a...

Jadranska Banka's customer loan growth rose 45.1% to -26.1% in 2017

By Helgi Analytics - August 11, 2018

Jadranska Banka's customer loan growth reached -26.1% in 2017, up from -47.4% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 20.3% in 2007 and an all time low of -47.4% in 2016. In the last decade, the ave...

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Finance

Jadranska Banka has been growing its revenues and asset by -4.26% and -2.27% a year on average in the last 10 years. Its loans and deposits have grown by -9.77% and -0.657% a year during that time and loans to deposits ratio reached 26.4% at the end of 2017. The company achieved an average return on equity of -8.43% in the last decade with net profit growing nan% a year on average. In terms of operating efficiency, its cost to income ratio reached 88.6% in 2017, compared to 105% average in the last decade.

Equity represented 2.35% of total assets or 9.98% of loans at the end of 2017. Jadranska Banka's non-performing loans were 40.0% of total loans while provisions covered some 51.8% of NPLs at the end of 2017.