Kreditna Banka Zagreb

Kreditna Banka Zagreb's npls (as % of loans) rose 17.2% to 19.7% in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb's non-performing loans reached 19.7% of total loans at the end of 2017, up from 16.8% compared to the previ...

Kreditna Banka Zagreb's customer loans fell 1.53% to HRK 1,776 mil in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb's customer loans reached HRK 1,776 mil in 2017, down 1.53% compared to the previous year. Croatian bankin...

Kreditna Banka Zagreb's total revenues rose 5.17% to HRK 126 mil in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb generated total banking revenues of HRK 126 mil in 2017, up 5.17% compared to the previous year. Cro...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 64.1 68.5 85.6
Fee Income (As % Of Revenues) % 19.4 17.4 15.2
Other Income HRK mil 13.7 30.6 21.3
Total Revenues HRK mil 96.5 120 126
Staff Cost HRK mil 25.3 24.4 25.3
Operating Profit HRK mil 20.2 43.7 51.0
Provisions HRK mil 10.1 26.6 25.5
Net Profit HRK mil 8.35 13.6 20.8
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 205 126 92.9
Customer Loans HRK mil 1,673 1,804 1,776
Debt Securities HRK mil 861 978 953
Total Assets HRK mil 3,470 3,551 3,383
Shareholders' Equity HRK mil 281 308 336
Interbank Borrowing HRK mil 0 15.1 0
Customer Deposits HRK mil 2,906 2,641 2,343
Issued Debt Securities HRK mil 127 569 684
Ratios 2015 2016 2017
ROE % 3.05 4.61 6.45
ROA % 0.216 0.387 0.599
Costs (As % Of Assets) % 1.97 2.17 2.17
Costs (As % Of Income) % 79.0 63.5 59.6
Capital Adequacy Ratio % 16.7 17.3 17.2
Net Interest Margin % 1.66 1.95 2.47
Loans (As % Of Deposits) % 57.6 68.3 75.8
NPLs (As % Of Loans) % 12.2 16.8 19.7
Provisions (As % Of NPLs) % 69.4 59.2 50.1
Growth Rates 2015 2016 2017
Total Revenue Growth % -27.7 24.3 5.17
Operating Cost Growth % -11.1 -0.098 -1.37
Operating Profit Growth % -57.6 116 16.6
Net Profit Growth % -122 62.6 53.0
Customer Loan Growth % -13.1 7.82 -1.53
Total Asset Growth % -18.7 2.33 -4.71
Customer Deposit Growth % -19.2 -9.11 -11.3
Shareholders' Equity Growth % 5.05 9.64 9.24
Employees 183 187 193

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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 ... ... ... ... ... ... ...       75.5 77.2 74.8 83.2 64.1    
Total Revenues HRK mil ... ... ... ... ... ... ...       111 110 104 134 96.5    
Operating Profit HRK mil ... ... ... ... ... ... ...       38.9 36.0 29.4 47.7 20.2    
Net Profit HRK mil ... ... ... ...             12.0 16.6 4.83 -38.1 8.35    
balance sheet                                  
Interbank Loans HRK mil ... ... ... ... ... ... ...       179 222 345 455 205    
Customer Loans HRK mil ... ... ... ...             1,615 1,608 1,531 1,924 1,673    
Debt Securities HRK mil ... ... ... ... ... ... ...       385 443 987 869 861    
Total Assets HRK mil                     2,705 3,202 4,094 4,266 3,470    
Shareholders' Equity HRK mil                     280 300 303 267 281    
Interbank Borrowing HRK mil ... ... ... ... ... ... ...       41.6 127 291 0 0    
Customer Deposits HRK mil ... ... ... ...             2,032 2,599 3,350 3,596 2,906    
Issued Debt Securities HRK mil ... ... ... ... ... ... ...       294 60.0 60.0 259 127    
ratios                                  
ROE % ... ... ... ...             4.32 5.71 1.60 -13.4 3.05    
ROA % ... ... ... ...             0.496 0.560 0.132 -0.911 0.216    
Costs (As % Of Assets) % ... ... ... ... ... ... ...       3.01 2.51 2.04 2.05 1.97    
Costs (As % Of Income) % ... ... ... ... ... ... ...       65.0 67.3 71.7 64.2 79.0    
Capital Adequacy Ratio %                     15.5 14.0 14.9 11.7 16.7    
Net Interest Margin % ... ... ... ... ... ... ...       3.14 2.61 2.05 1.99 1.66    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ...       67.9 70.1 72.0 62.3 66.4    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ...       12.9 14.7 17.1 14.6 19.4    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ...   40.5 37.8 36.2 29.9 33.2    
Equity (As % Of Assets) %                     10.4 9.35 7.39 6.27 8.09    
Loans (As % Of Deposits) % ... ... ... ...             79.5 61.9 45.7 53.5 57.6    
Loans (As % Assets) % ... ... ... ...             59.7 50.2 37.4 45.1 48.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...   9.88 8.30 13.8 13.0 12.2    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...   38.7 400 44.4 49.7 69.4    
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 ... ... ... ... ... ... ...       162 195 227 215 167    
Interest Cost HRK mil ... ... ... ... ... ... ...       86.4 118 152 132 103    
Net Interest Income HRK mil ... ... ... ... ... ... ...       75.5 77.2 74.8 83.2 64.1    
Net Fee Income HRK mil ... ... ... ... ... ... ...       14.4 16.2 17.7 19.5 18.7    
Other Income HRK mil ... ... ... ... ... ... ...       21.4 16.8 11.4 30.8 13.7    
Total Revenues HRK mil ... ... ... ... ... ... ...       111 110 104 134 96.5    
Staff Cost HRK mil ... ... ... ... ... ... ... ... ...   29.3 28.0 27.0 25.6 25.3    
Depreciation HRK mil ... ... ... ... ... ... ... ... ...   3.37 5.00 6.00 7.49 6.02    
Other Cost HRK mil ... ... ... ... ... ... ... ... ...   39.7 41.1 41.5 52.6 44.9    
Operating Cost HRK mil ... ... ... ... ... ... ...       72.4 74.1 74.5 85.8 76.3    
Operating Profit HRK mil ... ... ... ... ... ... ...       38.9 36.0 29.4 47.7 20.2    
Provisions HRK mil ... ... ... ... ... ... ...       23.8 15.3 23.4 87.5 10.1    
Extra and Other Cost HRK mil ... ... ... ... ... ... ...       0 0 < 0.001 0.001 0    
Pre-Tax Profit HRK mil ... ... ... ... ... ... ...       15.1 20.7 6.04 -39.7 10.2    
Tax HRK mil ... ... ... ... ... ... ...       3.15 4.14 1.21 -1.62 1.80    
Minorities HRK mil ... ... ... ... ... ... ...       0 0 0 0 0    
Net Profit HRK mil ... ... ... ...             12.0 16.6 4.83 -38.1 8.35    
growth rates                                  
Net Interest Income Growth % ... ... ... ... ... ... ... ...     27.1 2.16 -3.07 11.2 -23.0    
Net Fee Income Growth % ... ... ... ... ... ... ... ...     9.18 12.5 9.56 9.93 -4.18    
Total Revenue Growth % ... ... ... ... ... ... ... ...     10.4 -1.05 -5.66 28.5 -27.7    
Operating Cost Growth % ... ... ... ... ... ... ... ...     8.88 2.35 0.532 15.1 -11.1    
Operating Profit Growth % ... ... ... ... ... ... ... ...     13.4 -7.38 -18.4 62.4 -57.6    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ...     196 37.0 -70.8 -758 -126    
Net Profit Growth % ... ... ... ... ...           229 38.5 -70.8 -889 -122    
market share                                  
Market Share in Revenues % ... ... ... ... ... ... ...       0.692 0.742 0.722 0.922 0.663    
Market Share in Net Profit % ... ... ... ...             0.316 0.608 1.02 ... ...    
Market Share in Employees % ... ... ... ...             0.860 0.878 0.885 0.920 0.875    
Market Share in Branches % ... ... ... ...           ... ... ... ... ... ... ... ...
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 ... ... ... ... ... ... ...       354 579 779 851 569    
Interbank Loans HRK mil ... ... ... ... ... ... ...       179 222 345 455 205    
Customer Loans HRK mil ... ... ... ...             1,615 1,608 1,531 1,924 1,673    
Retail Loans HRK mil ... ... ... ... ... ... ... ... ...   299 350 400 452 466    
Corporate Loans HRK mil ... ... ... ... ... ... ... ... ...   1,325 1,350 1,390 1,421 1,219    
Debt Securities HRK mil ... ... ... ... ... ... ...       385 443 987 869 861    
Fixed Assets HRK mil ... ... ... ... ... ... ...       55.6 41.0 87.3 100 97.8    
Total Assets HRK mil                     2,705 3,202 4,094 4,266 3,470    
Shareholders' Equity HRK mil                     280 300 303 267 281    
Of Which Minority Interest HRK mil ... ... ... ... ... ... ... ... ...   0 0 0 0 0    
Liabilities HRK mil                     2,425 2,903 3,791 3,999 3,189    
Interbank Borrowing HRK mil ... ... ... ... ... ... ...       41.6 127 291 0 0    
Customer Deposits HRK mil ... ... ... ...             2,032 2,599 3,350 3,596 2,906    
Retail Deposits HRK mil ... ... ... ... ... ... ... ... ...   1,249 1,750 2,400 2,596 2,388    
Corporate Deposits HRK mil ... ... ... ... ... ... ... ... ...   783 849 950 1,001 517    
Sight Deposits HRK mil ... ... ... ... ... ... ... ... ...   336 ... ... 532 362    
Term Deposits HRK mil ... ... ... ... ... ... ... ... ...   1,696 ... ... 3,064 2,544    
Issued Debt Securities HRK mil ... ... ... ... ... ... ...       294 60.0 60.0 259 127    
Other Liabilities HRK mil ... ... ... ... ... ... ...       57.0 116 91.1 144 157    
asset quality                                  
Non-Performing Loans HRK mil ... ... ... ... ... ... ... ... ...   166 200 225 267 223    
Gross Loans HRK mil ... ... ... ... ... ... ... ... ...   1,679 2,408 1,631 2,057 1,827    
Total Provisions HRK mil ... ... ... ... ... ... ... ... ...   64.2 800 100 133 154    
growth rates                                  
Customer Loan Growth % ... ... ... ... ...           19.0 -0.420 -4.78 25.7 -13.1    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... 1.98 17.1 14.3 13.1 2.97    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... 23.6 1.87 2.96 2.20 -14.2    
Total Asset Growth % ...                   28.3 18.4 27.8 4.20 -18.7    
Shareholders' Equity Growth % ...                   2.74 6.87 1.02 -11.7 5.05    
Customer Deposit Growth % ... ... ... ... ...           31.5 27.9 28.9 7.36 -19.2    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... 58.6 40.1 37.1 8.16 -8.00    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... 3.41 8.42 11.9 5.35 -48.3    
market share                                  
Market Share in Customer Loans % ... ... ... ...             0.641 0.680 0.654 0.838 0.752    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...   1.19 1.40 1.45 1.54 1.40    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...   0.233 0.277 0.324 0.370 0.387    
Market Share in Total Assets %                     0.649 0.780 0.986 1.02 0.833    
Market Share in Customer Deposits % ... ... ... ...             0.921 1.14 1.42 1.47 1.13    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ...   0.733 0.984 1.34 1.42 1.27    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ...   1.63 1.89 2.24 2.29 0.974    
ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                  
ROE % ... ... ... ...             4.32 5.71 1.60 -13.4 3.05    
ROA % ... ... ... ...             0.496 0.560 0.132 -0.911 0.216    
Costs (As % Of Assets) % ... ... ... ... ... ... ...       3.01 2.51 2.04 2.05 1.97    
Costs (As % Of Income) % ... ... ... ... ... ... ...       65.0 67.3 71.7 64.2 79.0    
Capital Adequacy Ratio %                     15.5 14.0 14.9 11.7 16.7    
Net Interest Margin % ... ... ... ... ... ... ...       3.14 2.61 2.05 1.99 1.66    
Interest Spread % ... ... ... ... ... ... ...       2.67 2.18 1.67 1.76 1.45    
Asset Yield % ... ... ... ... ... ... ...       6.73 6.59 6.22 5.15 4.33    
Cost Of Liabilities % ... ... ... ... ... ... ...       4.06 4.41 4.55 3.39 2.87    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ...       67.9 70.1 72.0 62.3 66.4    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ...       12.9 14.7 17.1 14.6 19.4    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ...       19.2 15.2 10.9 23.1 14.2    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ...   2,430 2,099 2,053 1,848 1,729    
Cost Per Employee (Local Currency) HRK per month ... ... ... ... ... ... ... ... ...   12,997 12,281 11,719 10,958 11,521    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ...   40.5 37.8 36.2 29.9 33.2    
Equity (As % Of Assets) %                     10.4 9.35 7.39 6.27 8.09    
Loans (As % Of Deposits) % ... ... ... ...             79.5 61.9 45.7 53.5 57.6    
Loans (As % Assets) % ... ... ... ...             59.7 50.2 37.4 45.1 48.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...   9.88 8.30 13.8 13.0 12.2    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...   38.7 400 44.4 49.7 69.4    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ...   3.97 49.7 6.53 6.90 9.24    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ...       1.60 0.952 1.49 5.06 0.561    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                  
Branches ... ... ... ...           ... ... ... ... ... ... ... ...
Employees ... ... ... ...             188 190 192 195 183    
ATMs ... ... ... ...           ... ... ... ... ... ... ... ...
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ...   16.5 ... ... 14.8 12.4    

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Kreditna Banka Zagreb's corporate deposits fell 18.0% to HRK 400 mil in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb's corporate deposits reached HRK 400 mil in 2017, down 18.0% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Kreditna Banka Zagreb a...

Kreditna Banka Zagreb's net profit rose 53.0% to HRK 20.8 mil in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb made a net profit of HRK 20.8 mil under revenues of HRK 126 mil in 2017, up 53.0% and 5.17% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of HRK 20.8 mil in 2017 and an all time low of H...

Kreditna Banka Zagreb's net interest margin rose 26.5% to 2.47% in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb's net interest margin amounted to 2.47% in 2017, up from 1.95% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.32% in 2009 and an all time low of 1.66% in 2015. The average ...

Kreditna Banka Zagreb's customer deposits fell 11.3% to HRK 2,343 mil in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb's customer deposits reached HRK 2,343 mil in 2017, down 11.3% 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. Kreditna Banka Zagreb ac...

Kreditna Banka Zagreb's net interest income rose 24.9% to HRK 85.6 mil in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb generated total banking revenues of HRK 126 mil in 2017, up 5.17% 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 134 mil in 2014 an...

Kreditna Banka Zagreb's retail deposits fell 9.76% to HRK 1,942 mil in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb's retail deposits reached HRK 1,942 mil in 2017, down 9.76% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Kreditna Banka Zagreb accou...

Kreditna Banka Zagreb's corporate loans fell 4.00% to HRK 1,181 mil in 2017

By Helgi Analytics - December 12, 2019

Kreditna Banka Zagreb's corporate loans reached HRK 1,181 mil in 2017, down 4.00% 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. Kreditna Banka Zagreb accou...

Kreditna Banka Zagreb's customer loan growth fell 120% to -1.53% in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb's customer loan growth reached -1.53% in 2017, down from 7.82% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 32.8% in 2007 and an all time low of -13.1% in 2015. In the last decade, ...

Kreditna Banka Zagreb's branches rose 6.25% to 17.0 in 2009

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb employed 176 persons in 2009, up 7.98% compared to the previous year. Historically, the bank's workforce hit an all time high of 176 persons in 2009 and an all time low of 100 in 2006. The bank operated a network of 17.0 branches and ...

Kreditna Banka Zagreb's employees rose 3.21% to in 2017

By Helgi Analytics - August 3, 2018

Kreditna Banka Zagreb employed persons in, down 0% when compared to the previous year. Historically, the bank's workforce hit an all time high of persons in and an all time low of in. Average cost reached per employee, 0% less than a year ago. Th...

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Finance

Kreditna Banka Zagreb has been growing its revenues and asset by 2.75% and 1.10% a year on average in the last 5 years. Its loans and deposits have grown by 2.01% and -2.06% a year during that time and loans to deposits ratio reached 75.8% at the end of 2017. The company achieved an average return on equity of 0.468% in the last five years with net profit growing 4.64% a year on average. In terms of operating efficiency, its cost to income ratio reached 59.6% in 2017, compared to 67.6% average in the last five years.

Equity represented 9.94% of total assets or 18.9% of loans at the end of 2017. Kreditna Banka Zagreb's non-performing loans were 19.7% of total loans while provisions covered some 50.1% of NPLs at the end of 2017.