Komercni Banka

KB's branches fell 29.2% yoy to 242 in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka employed 8,062 persons in 2020-12-31, down 0.463% compared to the previous year. Historically, the bank's workfor...

KB's employees fell 1.28% yoy to 8,062 in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka employed 8,062 persons in 2020-12-31, down 0.463% when compared to the previous year. Historically, the bank's wo...

KB's retail deposits rose 2.72% yoy to CZK 347,600 mil in 4Q2019

By Helgi Analytics - February 10, 2021

Komercni Banka's retail deposits reached CZK 347,600 mil in 2019-12-31, up 1.05% compared to the previous year. Czech banking s...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 22,704 23,591 21,361
Net Fee Income CZK mil 6,025 5,984 5,211
Other Income CZK mil 3,474 2,998 3,091
Total Revenues CZK mil 32,203 32,573 29,663
Staff Cost CZK mil 7,827 7,780 7,650
Operating Profit CZK mil 17,568 17,642 14,669
Provisions CZK mil -642 -571 4,578
Net Profit CZK mil 14,846 14,901 8,157
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 256,268 244,561 262,606
Customer Loans CZK mil 624,954 647,259 679,955
Debt Securities CZK mil 92,495 94,979 118,439
Total Assets CZK mil 1,059,930 1,077,330 1,167,130
Shareholders' Equity CZK mil 106,727 111,730 120,300
Interbank Borrowing CZK mil 92,271 93,581 86,572
Customer Deposits CZK mil 812,451 821,506 906,217
Issued Debt Securities CZK mil 26,690 29,892 28,946
Ratios 2018 2019 2020
ROE % 14.2 13.6 7.03
ROA % 1.44 1.39 0.727
Costs (As % Of Assets) % 1.42 1.40 1.34
Costs (As % Of Income) % 45.4 45.8 50.5
Capital Adequacy Ratio % 18.5 19.7 22.3
Net Interest Margin % 2.20 2.21 1.90
Loans (As % Of Deposits) % 76.9 78.8 75.0
NPLs (As % Of Loans) % 2.71 2.13 2.63
Provisions (As % Of NPLs) % 59.4 58.5 50.2
Valuation 2018 2019 2020
Market Capitalisation (End Of Period) USD mil 7,120 6,925 5,802
Share Price (End Of Period) CZK 847 830 657
Price/Earnings (P/E) 10.8 10.5 15.2
Price/Book Value (P/BV) 1.50 1.40 1.03
Dividend Yield % 6.06 6.15 ...
Earnings Per Share (EPS) CZK 78.6 78.9 43.2
Book Value Per Share CZK 565 592 637
Dividend Per Share 51.3 51.0 ...

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summary Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                              
Net Interest Income CZK mil ... ... ... ... ... ...                                     21,423 21,357 21,069 20,808 22,704    
Total Revenues CZK mil ... ... ... ... ... ...                                     30,676 31,044 31,753 31,060 32,203    
Operating Profit CZK mil ... ... ... ... ... ...                                     17,612 16,692 17,726 17,685 17,568    
Net Profit CZK mil ... ... ... ... ... ...                                     12,954 12,759 13,689 14,930 14,846    
balance sheet                                                              
Interbank Loans CZK mil ... ... ... ... ... ... ...                                   59,698 47,799 51,771 222,821 256,268    
Customer Loans CZK mil ... ... ... ... ... ...                                     494,706 532,617 580,198 593,639 624,954    
Debt Securities CZK mil ... ... ... ... ... ... ... ...                                 195,927 138,145 134,591 91,875 92,495    
Total Assets CZK mil ... ... ... ... ... ...                                     953,261 891,555 922,737 1,001,650 1,059,930    
                                                                 
Shareholders' Equity CZK mil ... ... ... ... ... ...                                     109,494 106,228 105,401 101,874 106,727    
Interbank Borrowing CZK mil ... ... ... ... ... ... ...                                   61,360 56,230 54,124 84,050 92,271    
Customer Deposits CZK mil ... ... ... ... ... ...                                     701,867 666,407 699,377 762,043 812,451    
Issued Debt Securities CZK mil ... ... ... ... ... ... ...                                   46,054 11,283 13,423 26,697 26,690    
ratios                                                              
ROE % ... ... ... ... ... ...                                     12.6 11.8 12.9 14.4 14.2    
ROA % ... ... ... ... ... ...                                     1.43 1.38 1.51 1.55 1.44    
Costs (As % Of Assets) % ... ... ... ... ... ...                                     1.44 1.56 1.55 1.39 1.42    
Costs (As % Of Income) % ... ... ... ... ... ...                                     42.6 46.2 44.2 43.1 45.4    
Capital Adequacy Ratio % ... ... ... ... ... ...                                     16.4 16.3 16.2 18.6 18.5    
Net Interest Margin % ... ... ... ... ... ...                                     2.36 2.32 2.32 2.16 2.20    
Interest Income (As % Of Revenues) % ... ... ... ... ... ...                                     69.8 68.8 66.4 67.0 70.5    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...                                     22.0 22.4 21.0 20.8 18.7    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...                                   51.9 47.3 50.1 54.7 53.5    
Equity (As % Of Assets) % ... ... ... ... ... ...                                     11.5 11.9 11.4 10.2 10.1    
Loans (As % Of Deposits) % ... ... ... ... ... ...                                     70.5 79.9 83.0 77.9 76.9    
Loans (As % Assets) % ... ... ... ... ... ...                                     51.9 59.7 62.9 59.3 59.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...                                 5.21 4.20 3.80 3.06 2.71    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...                                 70.4 68.7 67.2 61.7 59.4    
valuation                                                              
Market Capitalisation (End Of Period) USD mil ... ... ... ... ... ...                                     7,863 7,532 6,519 8,116 7,120    
Number Of Shares (Average) mil ... ... ... ... ... ...                                     190 189 189 189 189    
Share Price (End Of Period) CZK ... ... ... ... ...                                       948 990 885 915 847    
Earnings Per Share (EPS) CZK ... ... ... ... ... ...                                     68.2 67.6 72.5 79.1 78.6    
Book Value Per Share CZK ... ... ... ... ... ...                                     580 562 558 539 565    
Dividend Per Share ... ... ... ... ... ... ... ... ... ... ... ...                         46.0 62.4 40.2 47.1 51.3   ...
Price/Earnings (P/E) ... ... ... ... ... ...     ... ... ...                           13.9 14.7 12.2 11.6 10.8    
Price/Book Value (P/BV) ... ... ... ... ... ...                                     1.64 1.76 1.59 1.70 1.50    
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... ...                         4.85 6.30 4.55 5.15 6.06   ...
Earnings Per Share Growth % ... ... ... ... ... ... ...                                   -0.258 -0.883 7.29 9.07 -0.563    
Book Value Per Share Growth % ... ... ... ... ... ... ...                                   13.4 -2.98 -0.779 -3.35 4.76    
income statement Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                              
Interest Income CZK mil ... ... ... ... ... ... ...                                   31,222 28,622 26,757 26,647 33,643    
Interest Cost CZK mil ... ... ... ... ... ... ...                                   9,801 7,268 5,692 5,843 10,939    
Net Interest Income CZK mil ... ... ... ... ... ...                                     21,423 21,357 21,069 20,808 22,704    
Net Fee Income CZK mil ... ... ... ... ... ...                                     6,752 6,968 6,683 6,465 6,025    
Other Income CZK mil ... ... ... ... ... ...                                     2,501 2,719 4,001 3,787 3,474    
Total Revenues CZK mil ... ... ... ... ... ...                                     30,676 31,044 31,753 31,060 32,203    
Staff Cost CZK mil ... ... ... ... ... ... ...                                   6,784 6,793 7,029 7,321 7,827    
Depreciation CZK mil ... ... ... ... ... ... ...                                   1,791 2,240 1,744 786 1,856    
Other Cost CZK mil ... ... ... ... ... ... ...                                   4,489 5,319 5,254 5,268 4,952    
Operating Cost CZK mil ... ... ... ... ... ...                                     13,064 14,352 14,027 13,375 14,635    
Operating Profit CZK mil ... ... ... ... ... ...                                     17,612 16,692 17,726 17,685 17,568    
Provisions CZK mil ... ... ... ... ... ... ...                                   1,296 1,075 1,817 -391 -642    
Extra and Other Cost CZK mil ... ... ... ... ... ... ...                                   317 -153 -964 -210 -310    
Pre-Tax Profit CZK mil ... ... ... ... ... ... ...                                   15,999 15,770 16,873 18,286 18,520    
Tax CZK mil ... ... ... ... ... ... ...                                   2,669 2,637 2,799 3,012 3,349    
Minorities CZK mil ... ... ... ... ... ... ...                                   376 374 386 344 325    
Net Profit CZK mil ... ... ... ... ... ...                                     12,954 12,759 13,689 14,930 14,846    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ...                         8,742 11,783 7,600 8,900 9,693   ...
growth rates                                                              
Net Interest Income Growth % ... ... ... ... ... ... ...                                   1.03 -0.308 -1.35 -1.24 9.11    
Net Fee Income Growth % ... ... ... ... ... ... ...                                   -4.58 3.20 -4.09 -3.26 -6.81    
Total Revenue Growth % ... ... ... ... ... ... ...                                   -0.696 1.20 2.28 -2.18 3.68    
Operating Cost Growth % ... ... ... ... ... ... ...                                   -0.639 9.86 -2.26 -4.65 9.42    
Operating Profit Growth % ... ... ... ... ... ... ...                                   -0.738 -5.22 6.19 -0.231 -0.662    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ...                                 1.70 -1.43 6.99 8.37 1.28    
Net Profit Growth % ... ... ... ... ... ... ...                                   0.372 -1.51 7.29 9.07 -0.563    
market share                                                              
Market Share in Revenues % ... ... ... ... ... ...                                     18.3 17.8 17.6 17.3 16.9 ... ...
Market Share in Net Profit % ... ... ... ... ... ...   ... ... ... ...                           20.5 19.2 18.6 19.8 18.2 ... ...
Market Share in Employees % ... ... ... ...                                         21.1 20.4 20.6 20.3 20.1 ... ...
Market Share in Bank Cards % ... ... ... ... ... ... ... ... ... ...                             13.9 14.2 14.1 15.0 14.1 ... ...
Market Share in Debit Cards % ... ... ... ... ... ... ... ... ... ...                             15.4 15.5 15.2 15.5 14.0 ... ...
Market Share in Credit Cards % ... ... ... ... ... ... ... ... ... ...                             9.44 9.94 10.4 15.4 15.4 ... ...
Market Share in Branches % ... ... ... ... ... ...                                     18.0 18.3 19.8 20.6 19.4 ... ...
balance sheet Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                                              
Cash CZK mil ... ... ... ... ... ... ...                                   152,904 128,336 112,241 32,663 24,851    
Interbank Loans CZK mil ... ... ... ... ... ... ...                                   59,698 47,799 51,771 222,821 256,268    
Customer Loans CZK mil ... ... ... ... ... ...                                     494,706 532,617 580,198 593,639 624,954    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...                               224,700 252,600 281,800 299,500 313,300    
Mortgage Loans CZK mil ... ... ... ... ... ... ... ... ...                               159,800 185,000 207,800 218,900 223,900    
Consumer Loans CZK mil ... ... ... ... ... ... ... ... ...                               29,000 30,600 35,200 37,000 38,700    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...                               224,700 268,800 275,700 331,500 349,400    
Debt Securities CZK mil ... ... ... ... ... ... ... ...                                 195,927 138,145 134,591 91,875 92,495    
Fixed Assets CZK mil ... ... ... ... ... ... ... ... ... ...                             7,666 7,779 10,552 12,088 12,924    
Total Assets CZK mil ... ... ... ... ... ...                                     953,261 891,555 922,737 1,001,650 1,059,930    
                                                                 
Shareholders' Equity CZK mil ... ... ... ... ... ...                                     109,494 106,228 105,401 101,874 106,727    
Of Which Minority Interest CZK mil ... ... ... ... ... ... ...                                   3,131 3,816 3,831 3,712 3,398    
Liabilities CZK mil ... ... ... ... ... ...                                     843,767 785,327 817,336 899,778 953,205    
Interbank Borrowing CZK mil ... ... ... ... ... ... ...                                   61,360 56,230 54,124 84,050 92,271    
Customer Deposits CZK mil ... ... ... ... ... ...                                     701,867 666,407 699,377 762,043 812,451    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ...                       178,400 197,400 230,100 250,000 338,400   ...
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ...                       379,100 385,000 394,500 432,043 446,300   ...
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Issued Debt Securities CZK mil ... ... ... ... ... ... ...                                   46,054 11,283 13,423 26,697 26,690    
Other Liabilities CZK mil ... ... ... ... ... ... ...                                   34,486 51,407 50,412 26,988 21,793    
asset quality                                                              
Non-Performing Loans CZK mil ... ... ... ... ... ... ... ...                                 26,767 23,024 22,625 18,605 17,257    
Gross Loans CZK mil ... ... ... ... ... ... ... ...                                 513,556 548,200 595,400 607,400 636,600    
Total Provisions CZK mil ... ... ... ... ... ... ...                                   18,850 15,818 15,202 11,477 10,249    
growth rates                                                              
Customer Loan Growth % ... ... ... ... ... ... ...                                   4.57 7.66 8.93 2.32 5.28    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...                             2.93 12.4 11.6 6.28 4.61    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...                             9.30 15.8 12.3 5.34 2.28    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...                             1.75 5.52 15.0 5.11 4.59    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...                             -8.92 19.6 2.57 20.2 5.40    
Total Asset Growth % ... ... ... ... ... ... ...                                   10.3 -6.47 3.50 8.55 5.82    
Shareholders' Equity Growth % ... ... ... ... ... ... ...                                   13.4 -2.98 -0.779 -3.35 4.76    
Customer Deposit Growth % ... ... ... ... ... ... ...                                   8.12 -5.05 4.95 8.96 6.61    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                     10.3 10.7 16.6 8.65 35.4   ...
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                     8.59 1.56 2.47 9.52 3.30   ...
market share                                                              
Market Share in Customer Loans % ... ... ... ... ... ...                                     18.8 19.1 19.7 19.2 18.9    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...                               25.7 29.2 28.3 32.4 32.3    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...                               8.78 8.70 9.60 9.69 9.68    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...                               18.3 19.1 19.8 19.6 19.0    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...                               17.8 19.0 19.7 19.1 18.0    
Market Share in Total Assets % ... ... ... ... ... ...                                     17.7 16.1 15.3 14.2 14.5    
Market Share in Customer Deposits % ... ... ... ... ... ...                                     20.4 18.9 18.6 18.3 18.3    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ...                       9.28 9.70 10.4 10.5 13.2   ...
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ...                       45.2 41.8 43.1 43.3 42.9   ...
ratios Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
ratios                                                              
ROE % ... ... ... ... ... ...                                     12.6 11.8 12.9 14.4 14.2    
ROA % ... ... ... ... ... ...                                     1.43 1.38 1.51 1.55 1.44    
Costs (As % Of Assets) % ... ... ... ... ... ...                                     1.44 1.56 1.55 1.39 1.42    
Costs (As % Of Income) % ... ... ... ... ... ...                                     42.6 46.2 44.2 43.1 45.4    
Capital Adequacy Ratio % ... ... ... ... ... ...                                     16.4 16.3 16.2 18.6 18.5    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             16.4 16.3 16.2 18.0 17.9    
Net Interest Margin % ... ... ... ... ... ...                                     2.36 2.32 2.32 2.16 2.20    
Interest Spread % ... ... ... ... ... ... ...                                   2.22 2.21 2.24 2.09 2.08    
Asset Yield % ... ... ... ... ... ... ...                                   3.44 3.10 2.95 2.77 3.26    
Cost Of Liabilities % ... ... ... ... ... ... ...                                   1.22 0.892 0.710 0.681 1.18    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ...                         67.5 92.4 55.5 59.6 65.3   ...
Interest Income (As % Of Revenues) % ... ... ... ... ... ...                                     69.8 68.8 66.4 67.0 70.5    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...                                     22.0 22.4 21.0 20.8 18.7    
Other Income (As % Of Revenues) % ... ... ... ... ... ...                                     8.15 8.76 12.6 12.2 10.8    
Cost Per Employee USD per month ... ... ... ... ... ... ...                                   3,105 2,816 2,745 3,062 3,544    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ... ... ...                                   66,354 67,223 69,254 71,845 77,546    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...                                   51.9 47.3 50.1 54.7 53.5    
Equity (As % Of Assets) % ... ... ... ... ... ...                                     11.5 11.9 11.4 10.2 10.1    
Loans (As % Of Deposits) % ... ... ... ... ... ...                                     70.5 79.9 83.0 77.9 76.9    
Loans (As % Assets) % ... ... ... ... ... ...                                     51.9 59.7 62.9 59.3 59.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...                                 5.21 4.20 3.80 3.06 2.71    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...                                 70.4 68.7 67.2 61.7 59.4    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...                                   3.81 2.97 2.62 1.93 1.64    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ...                                   0.268 0.209 0.327 -0.067 -0.105    
other data Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                               
Branches ... ... ... ... ... ...                                     399 397 406 401 379    
Employees                                                 8,520 8,421 8,458 8,492 8,411    
ATMs ... ... ... ... ... ...                                     754 772 768 764 776    
Clients mil ... ... ... ... ... ... ... ... ... ...                             1.63 1.65 1.65 1.66 1.67    
E-Clients mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             1.27 1.34 1.39 1.42 1.46    
Payment Cards '000 ... ... ... ... ... ... ... ... ... ...                             1,532 1,618 1,595 1,693 1,669    
Debit Cards '000 ... ... ... ... ... ... ... ... ... ...                             1,342 1,417 1,401 1,399 1,388    
Credit Cards '000 ... ... ... ... ... ... ... ... ... ...                             191 201 194 294 282    
Revenues From Abroad CZK mil ... ... ... ... ... ...                                     0 0 0 0 0    
Profit From Abroad CZK mil ... ... ... ... ... ...                                     0 0 0 0 0    
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ...                                     0 0 0 0 0    
Profit From Abroad (As % Of Total) % ... ... ... ... ... ... ...                                   0 0 0 0 0    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         384,186 342,000 442,900 424,600 451,100    

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KB's mortgage loans rose 7.02% yoy to CZK 245,500 mil in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka's mortgage loans reached CZK 245,500 mil in 2020-12-31, up 1.49% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,436 bil in 2020-12-31, up 2.30% when compared to the last year. Komercni Banka accounted f...

KB's capital adequacy ratio rose 13.2% yoy to 22.3% in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka's capital adequacy ratio reached 22.3% at the end of fourth quarter of 2020, up from 21.6% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 22.3% in 4Q2020 and an all time low of 11.6% in 1Q2008. ...

KB's customer loans rose 5.05% yoy to CZK 679,955 mil in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka's customer loans reached CZK 679,955 mil in 2020-12-31, down 0.545% compared to the previous year. Czech banking sector provided customer loans of CZK 3,596 bil in 2020-12-31, down 0.651% when compared to the last year. Komercni Banka accou...

KB's customer deposits rose 10.3% yoy to CZK 906,217 mil in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka's customer deposits reached CZK 906,217 mil in 2020-12-31, down 6.20% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,162 bil in 2020-12-31, down 6.99% when compared to the last year. Komercni Banka a...

KB's total revenues fell 12.1% yoy to CZK 7,263 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka generated total banking revenues of CZK 7,263 mil in 2020-09-30, up 0.304% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 41,746 mil in 2020-09-30, down 13.4% when compared to the last...

KB's net interest margin fell 15.8% yoy to 1.73% in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka's net interest margin amounted to 1.73% in the fourth quarter of 2020, up from 1.67% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.20% in 4Q2009 and an all time low of 1....

KB's price/earnings (P/E) rose 44.7% yoy to 15.2 in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka stock traded at CZK 657 per share at the end fourth quarter of 2020 implying a market capitalization of USD 5,802 mil. Since the end of 4Q2015, the stock has depreciated by -33.6 % implying an annual average growth of -7.87 %. In absolute terms, the val...

KB's retail loans rose 7.20% yoy to CZK 348,200 mil in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka's retail loans reached CZK 348,200 mil in the fourth quarter of 2020, up 1.49% compared to the previous year. Czech banking sector provided retail loans of CZK 1,859 bil in 4Q2020, up 1.85% when compared to the last year. Komercni Banka acc...

KB's consumer loans fell 1.02% yoy to CZK 38,800 mil in 4Q2020

By Helgi Analytics - February 10, 2021

Komercni Banka's consumer loans reached CZK 38,800 mil in 2020-12-31, down 1.77% compared to the previous year. Czech banking sector provided consumer loans of CZK 423 bil in 2020-12-31, up 0.348% when compared to the last year. Komercni Banka accounted f...

KB's corporate deposits rose 3.61% yoy to CZK 462,400 mil in 4Q2019

By Helgi Analytics - February 10, 2021

Komercni Banka's corporate deposits reached CZK 462,400 mil in 2019-12-31, down 8.20% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,095 bil in 2019-12-31, up 5.54% when compared to the last year. Komercni Banka a...

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Komerční Banka is the third largest bank by assets in the Czech Republic, with a share of over 16%. Formerly a corporate-oriented bank, the bank has developed into a universal bank servicing more than 1.3 mil retail clients through nearly 400 branches. Following hefty loan losses and a government-orchestrated bailout at the end of the 1990s, 60% of the bank was sold to France's Societe Generale in 2001. Since the takeover, Komerční Banka's net profit has increased fivefold and the bank's ROE has exceeded 20%. The bank is well capitalised (with a capital adequacy ratio at nearly 15%) and funded (with loans to deposits at only 78%) and has been lending cautiously since its privatisation (non-performing loans accounted for only 5.8% of the total at the end of 2012).

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Finance

Komercni Banka has been growing its revenues and asset by -0.847% and 5.28% a year on average in the last 10 years. Its loans and deposits have grown by 5.86% and 5.35% a year during that time and loans to deposits ratio reached 75.0% at the end of 2020. The company achieved an average return on equity of 12.7% in the last decade with net profit growing -4.85% a year on average. In terms of operating efficiency, its cost to income ratio reached 50.5% in 2020, compared to 44.3% average in the last decade.

Equity represented 10.3% of total assets or 17.7% of loans at the end of 2020. Komercni Banka's non-performing loans were 2.63% of total loans while provisions covered some 50.2% of NPLs at the end of 2020.

Valuation

Komercni Banka stock traded at CZK 657 per share at the end of 2020 resulting in a market capitalization of USD 5,802 mil. Over the previous five years, stock price fell by 33.6% or 7.87% a year on average. That’s compared to an average ROE of 12.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 15.2x and price to book value (PBV) of 1.03x in 2020.