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Max banka

Max banka's net interest margin rose 43.5% yoy to 3.51% in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's net interest margin amounted to 3.51% in the third quarter of 2022, up from 3.03% when compared to the previous quar...

Max banka's total revenues fell 8.82% yoy to CZK 84.0 mil in 2Q2022

By Helgi Analytics - November 28, 2022

Max banka generated total banking revenues of CZK 84.0 mil in 2022-06-30, up 65.8% compared to the previous year. Czech ba...

Max banka's customer deposits fell 10.7% yoy to CZK 9,942 mil in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's customer deposits reached CZK 9,942 mil in 2022-09-30, up 19.6% compared to the previous year. Czech banking sector...

Annual Quarterly
Profit Statement 2019 2020 2021
Net Interest Income CZK mil 497 371 371
Net Fee Income CZK mil 44.0 29.0 21.1
Other Income CZK mil 177 -40.0 17.3
Total Revenues CZK mil 718 360 409
Staff Cost CZK mil 301 310 282
Operating Profit CZK mil 152 -169 -84.3
Provisions CZK mil 17.0 51.0 -35.6
Net Profit CZK mil 127 -221 -58.4
Balance Sheet 2019 2020 2021
Interbank Loans CZK mil 11,366 5,673 7,677
Customer Loans CZK mil 7,688 7,274 6,304
Investments CZK mil 1,087 1,494 1,611
Total Assets CZK mil 20,980 16,097 16,384
Shareholders' Equity CZK mil 2,935 2,707 2,288
Interbank Borrowing CZK mil 4,351 2,397 2,862
Customer Deposits CZK mil 13,533 10,862 10,616
Issued Debt Securities CZK mil 0 0 0
Ratios 2019 2020 2021
ROE % 4.42 -7.83 -2.34
ROA % 0.553 -1.19 -0.360
Costs (As % Of Assets) % 2.47 2.85 3.04
Costs (As % Of Income) % 78.8 147 121
Capital Adequacy Ratio % 27.5 27.6 26.2
Net Interest Margin % 2.17 2.00 2.28
Loans (As % Of Deposits) % 56.8 67.0 59.4
NPLs (As % Of Loans) % 0.702 0.669 6.12
Provisions (As % Of NPLs) % 276 408 39.6
Growth Rates 2019 2020 2021
Total Revenue Growth % 0.843 -49.9 13.6
Operating Cost Growth % 11.6 -6.54 -6.75
Operating Profit Growth % -25.9 -211 -50.1
Net Profit Growth % -36.8 -274 -73.6
Customer Loan Growth % -4.22 -5.39 -13.3
Total Asset Growth % -15.8 -23.3 1.78
Customer Deposit Growth % -9.48 -19.7 -2.26
Shareholders' Equity Growth % 4.60 -7.77 -15.5
Employees 209 200 192

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                    
Net Interest Income CZK mil                       303 351 335 432 497    
Total Revenues CZK mil                       552 1,139 554 712 718    
Operating Profit CZK mil                       93.4 737 77.0 205 152    
Net Profit CZK mil                       105 325 -71.0 201 127    
balance sheet                                    
Interbank Loans CZK mil                       7,157 9,755 14,009 14,542 11,366    
Customer Loans CZK mil                       12,927 12,133 9,111 8,027 7,688    
Investments CZK mil                       604 500 1,274 1,615 1,087    
Total Assets CZK mil                       21,799 22,826 25,235 24,913 20,980    
                                       
Shareholders' Equity CZK mil                       2,759 3,125 3,068 2,806 2,935    
Interbank Borrowing CZK mil                       311 684 5,181 6,703 4,351    
Customer Deposits CZK mil                       17,921 18,173 16,208 14,951 13,533    
Issued Debt Securities CZK mil                       526 479 434 234 0    
ratios                                    
ROE % ...                     3.91 11.0 -2.29 6.84 4.42    
ROA % ...                     0.494 1.46 -0.295 0.802 0.553    
Costs (As % Of Assets) % ...                     2.15 1.80 1.98 2.02 2.47    
Costs (As % Of Income) %                       83.1 35.3 86.1 71.2 78.8    
Capital Adequacy Ratio %                       25.1 28.5 28.2 23.9 27.5    
Net Interest Margin % ...                     1.43 1.57 1.39 1.72 2.17    
Interest Income (As % Of Revenues) %                       55.0 30.8 60.5 60.7 69.2    
Fee Income (As % Of Revenues) %                       18.1 6.67 11.0 7.30 6.13    
Staff Cost (As % Of Total Cost) %                       51.5 54.2 53.7 50.9 53.2    
Equity (As % Of Assets) %                       12.7 13.7 12.2 11.3 14.0    
Loans (As % Of Deposits) %                       72.1 66.8 56.2 53.7 56.8    
Loans (As % Assets) %                       59.3 53.2 36.1 32.2 36.6    
NPLs (As % Of Loans) %                       5.55 6.47 4.48 5.96 0.702    
Provisions (As % Of NPLs) %                       29.4 28.9 56.8 56.2 276    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                    
Interest Income CZK mil                       509 509 446 520 595    
Interest Cost CZK mil                       206 158 111 88.0 98.0    
Net Interest Income CZK mil                       303 351 335 432 497    
Net Fee Income CZK mil                       99.8 76.0 61.0 52.0 44.0    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 59.0    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15.0    
Other Income CZK mil                       149 712 158 228 177    
Insurance Premium Earned CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Total Revenues CZK mil                       552 1,139 554 712 718    
Staff Cost CZK mil                       236 218 256 258 301    
Depreciation CZK mil                       63.1 53.0 29.0 20.0 62.0    
Other Cost CZK mil                       159 131 192 229 203    
Operating Cost CZK mil                       459 402 477 507 566    
Operating Profit CZK mil                       93.4 737 77.0 205 152    
Provisions CZK mil                       -16.3 287 142 -10.0 17.0    
Extra and Other Cost CZK mil                       < 0.001 30.0 0 0 0    
Pre-Tax Profit CZK mil                       110 420 -65.0 215 135    
Tax CZK mil                       4.54 95.5 6.00 14.0 18.0    
Minorities CZK mil                       0 0 0 0 0    
Net Profit CZK mil                       105 325 -71.0 201 127    
Net Profit Avail. to Common CZK mil                       105 325 -71.0 201 127    
growth rates                                    
Net Interest Income Growth % ...                     -17.1 15.7 -4.56 29.0 15.0    
Net Fee Income Growth % ...                     -12.9 -23.9 -19.7 -14.8 -15.4    
Total Revenue Growth % ...                     -22.4 106 -51.4 28.5 0.843    
Operating Cost Growth % ...                     -34.0 -12.3 18.6 6.29 11.6    
Operating Profit Growth % ...                     460 689 -89.6 166 -25.9    
Pre-Tax Profit Growth % ...                     85.6 283 -115 -431 -37.2    
Net Profit Growth % ...                     410 209 -122 -383 -36.8    
market share                                    
Market Share in Revenues %                       0.317 0.632 0.309 0.374 0.355    
Market Share in Net Profit %           ...           0.158 0.440 ... 0.247 0.139 ... ...
Market Share in Employees %                       0.520 0.485 0.513 0.490 0.502    
Market Share in Branches % ... ... ... ...               0.370 0.391 0.360 0.102 0.053   ...
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                    
Cash & Cash Equivalents CZK mil                       468 227 593 477 555    
Interbank Loans CZK mil                       7,157 9,755 14,009 14,542 11,366    
Customer Loans CZK mil                       12,927 12,133 9,111 8,027 7,688    
Retail Loans CZK mil ... ... ...                 8,224 6,129 4,040 2,265 1,743    
Mortgage Loans CZK mil ... ... ...                 7,674 6,465 3,733 2,015 ... ... ...
Consumer Loans CZK mil ... ... ...                 550 445 307 250 ... ... ...
Corporate Loans CZK mil ... ... ...                 4,275 5,060 5,071 5,762 6,097    
Investments CZK mil                       604 500 1,274 1,615 1,087    
Property and Equipment CZK mil                       594 105 40.0 60.0 224    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 42.0    
Total Assets CZK mil                       21,799 22,826 25,235 24,913 20,980    
                                       
Shareholders' Equity CZK mil                       2,759 3,125 3,068 2,806 2,935    
Of Which Minority Interest CZK mil                       0 0 0 0 0    
Liabilities CZK mil                       19,040 19,701 22,167 22,107 18,045    
Interbank Borrowing CZK mil                       311 684 5,181 6,703 4,351    
Customer Deposits CZK mil                       17,921 18,173 16,208 14,951 13,533    
Retail Deposits CZK mil ... ... ...                 12,442 14,756 13,026 10,610 9,495    
Corporate Deposits CZK mil ... ... ...                 3,786 2,988 2,887 4,056 3,646    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ...     16,238 16,838 13,190 12,222 11,161   ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ...     1,683 1,335 3,018 2,729 2,372   ...
Issued Debt Securities CZK mil                       526 479 434 234 0    
Other Liabilities CZK mil                       281 366 344 219 161    
asset quality                                    
Non-Performing Loans CZK mil                       730 799 419 495 55.0    
Gross Loans CZK mil                       13,142 12,364 9,349 8,305 7,840    
Risk-Weighted Assets CZK mil                       9,924 9,858 9,805 10,571 10,047    
Total Provisions CZK mil                       215 231 238 278 152    
growth rates                                    
Customer Loan Growth % ...                     -8.52 -6.14 -24.9 -11.9 -4.22    
Retail Loan Growth % ... ... ... ...               -12.7 -25.5 -34.1 -43.9 -23.0    
Mortgage Loan Growth % ... ... ... ...               -12.0 -15.8 -42.3 -46.0 ... ... ...
Consumer Loan Growth % ... ... ... ...               -21.4 -19.1 -31.0 -18.6 ... ... ...
Corporate Loan Growth % ... ... ... ...               -1.73 18.4 0.212 13.6 5.81    
Total Asset Growth % ...                     4.90 4.71 10.6 -1.28 -15.8    
Shareholders' Equity Growth % ...                     5.56 13.3 -1.83 -8.54 4.60    
Customer Deposit Growth % ...                     12.0 1.40 -10.8 -7.76 -9.48    
Retail Deposit Growth % ... ... ... ...               17.7 18.6 -11.7 -18.5 -10.5    
Corporate Deposit Growth % ... ... ... ...               -8.44 -21.1 -3.38 40.5 -10.1    
market share                                    
Market Share in Customer Loans %                       0.465 0.411 0.295 0.243 0.223    
Market Share in Corporate Loans % ... ... ...                 0.464 0.519 0.496 0.533 0.544    
Market Share in Retail Loans % ... ... ...                 0.156 0.121 0.080 0.063 ... ... ...
Market Share in Consumer Loans % ... ... ...                 0.621 0.432 0.264 0.138 0.100    
Market Share in Mortgage Loans % ... ... ...                 0.790 0.614 0.325 0.162 ... ... ...
Market Share in Total Assets %                       0.393 0.379 0.357 0.340 0.278    
Market Share in Customer Deposits %                       0.509 0.482 0.389 0.336 0.286    
Market Share in Retail Deposits % ... ... ...                 0.611 0.668 0.550 0.415 0.348    
Market Share in Corporate Deposits % ... ... ...                 0.411 0.326 0.290 0.390 0.333    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
ROE % ...                     3.91 11.0 -2.29 6.84 4.42    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
ROE (@ 15% of RWA) % ...                     7.23 21.9 -4.81 13.2 8.21    
ROA % ...                     0.494 1.46 -0.295 0.802 0.553    
Return on Loans % ...                     0.777 2.59 -0.668 2.35 1.62    
Operating Profit (As % of RWA) % ...                     0.963 7.45 0.783 2.01 1.47    
Costs (As % Of Assets) % ...                     2.15 1.80 1.98 2.02 2.47    
Costs (As % Of Income) %                       83.1 35.3 86.1 71.2 78.8    
Costs (As % Of Loans) % ...                     3.39 3.21 4.49 5.92 7.20    
Costs (As % Of Loans & Deposits) % ...                     1.50 1.32 1.72 2.10 2.56    
Capital Adequacy Ratio %                       25.1 28.5 28.2 23.9 27.5    
Tier 1 Ratio %                       25.1 28.5 28.2 23.9 27.5    
Net Interest Margin % ...                     1.43 1.57 1.39 1.72 2.17    
Interest Spread % ...                     1.29 1.47 1.33 1.68 2.10    
Asset Yield % ...                     2.39 2.28 1.86 2.07 2.59    
Revenues (As % of RWA) % ...                     5.69 11.5 5.63 6.99 6.96    
Cost Of Liabilities % ...                     1.11 0.816 0.530 0.398 0.488    
Interest Income (As % Of Revenues) %                       55.0 30.8 60.5 60.7 69.2    
Fee Income (As % Of Revenues) %                       18.1 6.67 11.0 7.30 6.13    
Other Income (As % Of Revenues) %                       26.9 62.5 28.5 32.0 24.7    
Staff Cost (As % Of Total Cost) %                       51.5 54.2 53.7 50.9 53.2    
Equity (As % Of Assets) %                       12.7 13.7 12.2 11.3 14.0    
Equity (As % Of Loans) %                       21.3 25.8 33.7 35.0 38.2    
Loans (As % Of Deposits) %                       72.1 66.8 56.2 53.7 56.8    
Loans (As % Assets) %                       59.3 53.2 36.1 32.2 36.6    
NPLs (As % Of Loans) %                       5.55 6.47 4.48 5.96 0.702    
Provisions (As % Of NPLs) %                       29.4 28.9 56.8 56.2 276    
Provisions (As % Of Loans) %                       1.66 1.91 2.61 3.46 1.98    
Cost of Provisions (As % Of Loans) % ...                     -0.120 2.29 1.34 -0.117 0.216    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
Branches ... ... ... ...               8.00 8.00 7.00 2.00 1.00    
Employees                       214 199 215 205 209    
Employees Per Bank Branch ... ... ... ...               26.8 24.9 30.7 103 209    
Cost Per Employee USD per month                       3,853 3,618 4,229 4,794 5,324    
Cost Per Employee (Local Currency) CZK per month                       91,979 91,290 99,225 104,878 120,016    

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Max banka's customer loans fell 25.4% yoy to CZK 4,916 mil in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's customer loans reached CZK 4,916 mil in 2022-09-30, down 4.73% compared to the previous year. Czech banking sector provided customer loans of CZK 4,064 bil in 2022-09-30, up 2.69% when compared to the last year. Max banka accounted for 0.121% ...

Max banka's employees fell 2.95% yoy to 187 in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka employed 187 persons in 2022-09-30, up 1.93% when compared to the previous year. Historically, the bank's workforce hit an all time high of 392 persons in 2009-12-31 and an all time low of 178 in 2018-06-30. Average cost reached USD 6,306 per month per ...

Max banka's costs (as % of assets) rose 33.9% yoy to 4.00% in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's cost to income ratio reached 144% in the third quarter of 2022, down from 153% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 260% of income in 1Q2022 and an all time low of 18.5% in 2Q2016. ...

Max banka's corporate deposits fell 60.9% yoy to CZK 1,091 mil in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's corporate deposits reached CZK 1,091 mil in 2022-09-30, down 3.89% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,408 bil in 2022-09-30, up 6.41% when compared to the last year. Max banka accounted for...

Max banka's capital adequacy ratio rose 18.2% yoy to 29.4% in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's capital adequacy ratio reached 29.4% at the end of third quarter of 2022, up from 27.9% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 29.4% in 3Q2022 and an all time low of 12.4% in 3Q2007. T...

Max banka's retail loans fell 21.2% yoy to CZK 905 mil in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's retail loans reached CZK 905 mil in the third quarter of 2022, down 5.60% compared to the previous year. Czech banking sector provided retail loans of CZK 2,121 bil in 3Q2022, up 1.19% when compared to the last year. Max banka accounted for 0....

Max banka's net profit fell 557% yoy to CZK -54.2 mil in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka made a net profit of CZK -54.2 mil in the third quarter of 2022, down 557% when compared to the same period of last year. This implies a return on equity of -10.8%. Historically, the bank’s net profit reached an all time high of CZK 290 mil in 2Q2016 an...

Max banka's net profit fell 557% yoy to CZK -54.2 mil in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka made a net profit of CZK -54.2 mil under revenues of CZK 96.9 mil in the third quarter of 2022, down 557% and 2.93% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK 290 mil ...

Max banka's consumer loans fell 32.6% yoy to CZK 225 mil in 1Q2019

By Helgi Analytics - November 28, 2022

Max banka's consumer loans reached CZK 225 mil in 2019-03-31, down 10.0% compared to the previous year. Czech banking sector provided consumer loans of CZK 402 bil in 2019-03-31, up 0.550% when compared to the last year. Max banka accounted for 0.056% of ...

Max banka's npls (as % of loans) rose 30.9% yoy to 7.43% in 3Q2022

By Helgi Analytics - November 28, 2022

Max banka's non-performing loans reached 7.43% of total loans at the end of 2022-09-30, up from 5.68% compared to the previous year. Historically, the NPL ratio hit an all time high of 14.2% in 2011-03-31 and an all time low of 1.43% in 2020-12-31. Provisio...

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Expobank Czech Republic (formerly known as LBBW Bank CZ) is a Czech Republic-based universal commercial bank. The bank has been present on the Czech banking market since 1991 and since 2008 (when it took over the operations of Austria's BAWAG) it has been 100% owned by Landesbank Baden-Württemberg, one of the largest banks in Germany. At the end of 2014, Czech operations of LBBW have been taken over by Igor Kim and the Bank has been renamed to Expobank CZ.

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Finance

Max banka has been growing its revenues and asset by -5.01% and -5.08% a year on average in the last 10 years. Its loans and deposits have grown by -11.0% and -5.41% a year during that time and loans to deposits ratio reached 59.4% at the end of 2021. The company achieved an average return on equity of 2.09% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 121% in 2021, compared to 89.8% average in the last decade.

Equity represented 14.0% of total assets or 36.3% of loans at the end of 2021. Max banka's non-performing loans were 6.12% of total loans while provisions covered some 39.6% of NPLs at the end of 2021.

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