MKB Bank

MKB's net interest margin rose 0.132% to 1.91% in 2017

By Helgi Analytics - May 21, 2018

MKB Bank's net interest margin amounted to 1.91% in 2017, up from 1.91% compared to the previous year. Historically, the b...

MKB's npls (as % of loans) fell 57.9% to 6.10% in 2017

By Helgi Analytics - May 21, 2018

MKB Bank's non-performing loans reached 6.10% of total loans at the end of 2017, down from 14.5% compared to the previous year. ...

MKB's customer deposits rose 1.27% to HUF 1,539,140 mil in 2017

By Helgi Analytics - May 22, 2018

MKB Bank's customer deposits reached HUF 1,539,140 mil in 2017, up 1.27% compared to the previous year. Hungarian banking secto...

Profit Statement 2015 2016 2017
Net Interest Income HUF mil 42,329 38,672 39,591
Fee Income (As % Of Revenues) % 38.6 47.0 36.7
Other Income HUF mil 134 -6,286 10,219
Total Revenues HUF mil 69,195 61,050 78,656
Staff Cost HUF mil 21,025 17,339 22,617
Operating Profit HUF mil 16,285 22,767 29,971
Provisions HUF mil 94,458 15,236 9,611
Net Profit HUF mil -76,402 9,496 19,201
Balance Sheet 2015 2016 2017
Interbank Loans HUF mil 51,740 67,039 78,017
Customer Loans HUF mil 802,954 858,072 858,592
Debt Securities HUF mil 859,741 924,137 902,712
Total Assets HUF mil 1,954,100 2,101,620 2,044,990
Shareholders' Equity HUF mil 107,985 125,408 140,380
Interbank Borrowing HUF mil 324,651 376,262 239,312
Customer Deposits HUF mil 1,379,170 1,519,870 1,539,140
Issued Debt Securities HUF mil 106,376 42,875 53,990
Ratios 2015 2016 2017
ROE % -51.5 8.14 14.4
ROA % -3.92 0.468 0.926
Costs (As % Of Assets) % 2.71 1.89 2.35
Costs (As % Of Income) % 76.5 62.7 61.9
Capital Adequacy Ratio % 11.3 12.0 15.7
Net Interest Margin % 2.17 1.91 1.91
Loans (As % Of Deposits) % 58.2 56.5 55.8
NPLs (As % Of Loans) % 19.8 14.5 6.10
Provisions (As % Of NPLs) % 97.8 66.3 72.1
Growth Rates 2015 2016 2017
Total Revenue Growth % -27.4 -11.8 28.8
Operating Cost Growth % -6.18 -27.6 27.2
Operating Profit Growth % -58.1 39.8 31.6
Net Profit Growth % -46.9 -112 102
Customer Loan Growth % -5.45 6.86 0.061
Total Asset Growth % 0.489 7.55 -2.69
Customer Deposit Growth % 6.61 10.2 1.27
Shareholders' Equity Growth % -42.8 16.1 11.9
Employees 2,080 1,996 2,031

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summary Unit 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
income statement                                                  
Net Interest Income HUF mil ... ... ... ... ... ...                         76,304 63,376 60,211 52,720 42,329    
Total Revenues HUF mil ... ... ... ... ... ...                         96,905 73,614 101,897 95,308 69,195    
Operating Profit HUF mil ... ... ... ... ... ...                         22,720 6,333 51,842 38,911 16,285    
Net Profit HUF mil ... ... ... ... ... ...                         -122,405 -75,161 -121,980 -143,781 -76,402    
balance sheet                                                  
Interbank Loans HUF mil ... ... ... ... ... ...                         85,052 81,316 98,227 64,553 51,740    
Customer Loans HUF mil ... ... ... ... ... ...                         1,772,630 1,406,400 1,003,860 849,279 802,954    
Debt Securities HUF mil ... ... ... ... ... ...                         420,462 329,281 299,088 354,840 859,741    
Total Assets HUF mil ... ... ... ... ... ...                         2,943,960 2,579,170 1,962,110 1,944,590 1,954,100    
Shareholders' Equity HUF mil ... ... ... ... ... ...                         84,089 134,715 164,801 188,784 107,985    
Interbank Borrowing HUF mil ... ... ... ... ... ...                         977,326 674,216 269,958 198,961 324,651    
Customer Deposits HUF mil ... ... ... ... ... ...                         1,463,470 1,389,040 1,179,110 1,293,670 1,379,170    
Issued Debt Securities HUF mil ... ... ... ... ... ...                         279,631 271,888 243,368 190,208 106,376    
ratios                                                  
ROE % ... ... ... ... ... ...                         -84.4 -68.7 -81.5 -81.3 -51.5    
ROA % ... ... ... ... ... ...                         -4.16 -2.72 -5.37 -7.36 -3.92    
Costs (As % Of Assets) % ... ... ... ... ... ...                         2.52 2.44 2.20 2.89 2.71    
Costs (As % Of Income) % ... ... ... ... ... ...                         76.6 91.4 49.1 59.2 76.5    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ...               9.59 9.20 12.3 14.1 11.3    
Net Interest Margin % ... ... ... ... ... ...                         2.59 2.29 2.65 2.70 2.17    
Interest Income (As % Of Revenues) % ... ... ... ... ... ...                         78.7 86.1 59.1 55.3 61.2    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...                         14.5 18.4 20.1 24.4 38.6    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ...                         36.1 35.4 41.8 37.5 39.7    
Equity (As % Of Assets) % ... ... ... ... ... ...                         2.86 5.22 8.40 9.71 5.53    
Loans (As % Of Deposits) % ... ... ... ... ... ...                         121 101 85.1 65.6 58.2    
Loans (As % Assets) % ... ... ... ... ... ...                         60.2 54.5 51.2 43.7 41.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...         14.8 19.0 29.0 31.6 19.8    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...         75.3 79.8 70.2 81.6 97.8    
income statement Unit 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
income statement                                                  
Interest Income HUF mil ... ... ... ... ... ...                         168,069 158,586 119,125 87,102 73,971    
Interest Cost HUF mil ... ... ... ... ... ...                         91,765 95,210 58,914 34,382 31,642    
Net Interest Income HUF mil ... ... ... ... ... ...                         76,304 63,376 60,211 52,720 42,329    
Net Fee Income HUF mil ... ... ... ... ... ...                         14,034 13,537 20,473 23,246 26,732    
Other Income HUF mil ... ... ... ... ... ...                         6,567 -3,299 21,213 19,342 134    
Total Revenues HUF mil ... ... ... ... ... ...                         96,905 73,614 101,897 95,308 69,195    
Staff Cost HUF mil ... ... ... ... ... ...                         26,784 23,820 20,934 21,146 21,025    
Depreciation HUF mil ... ... ... ... ... ...                         18,681 12,980 9,281 6,969 5,809    
Other Cost HUF mil ... ... ... ... ... ...                         28,720 30,481 19,840 28,282 26,076    
Operating Cost HUF mil ... ... ... ... ... ...                         74,185 67,281 50,055 56,397 52,910    
Operating Profit HUF mil ... ... ... ... ... ...                         22,720 6,333 51,842 38,911 16,285    
Provisions HUF mil ... ... ... ... ... ...                         126,362 87,650 173,640 187,021 94,458    
Extra and Other Cost HUF mil ... ... ... ... ... ...                         0 0 0 0 0    
Pre-Tax Profit HUF mil ... ... ... ... ... ...                         -103,642 -81,317 -121,798 -148,110 -78,173    
Tax HUF mil ... ... ... ... ... ...                         11,777 -1,505 402 605 -1,771    
Minorities HUF mil ... ... ... ... ... ...                         315 -213 -220 -4,934 ...    
Net Profit HUF mil ... ... ... ... ... ...                         -122,405 -75,161 -121,980 -143,781 -76,402    
growth rates                                                  
Net Interest Income Growth % ... ... ... ... ... ... ...                       -11.7 -16.9 -4.99 -12.4 -19.7    
Net Fee Income Growth % ... ... ... ... ... ... ...                       -27.8 -3.54 51.2 13.5 15.0    
Total Revenue Growth % ... ... ... ... ... ... ...                       -4.03 -24.0 38.4 -6.47 -27.4    
Operating Cost Growth % ... ... ... ... ... ... ...                       31.0 -9.31 -25.6 12.7 -6.18    
Operating Profit Growth % ... ... ... ... ... ... ...                       -48.8 -72.1 719 -24.9 -58.1    
Pre-Tax Profit Growth % ... ... ... ... ... ... ...                       -0.612 -21.5 49.8 21.6 -47.2    
Net Profit Growth % ... ... ... ... ... ... ...                       7.45 -38.6 62.3 17.9 -46.9    
market share                                                  
Market Share in Revenues % ... ... ... ... ... ...                         7.29 8.18 10.2 9.02 8.11    
Market Share in Net Profit % ... ... ... ... ... ...                       ... ... ... ... ... ...    
Market Share in Employees % ...                                   9.19 8.99 6.75 5.52 5.44    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ...             5.42 5.38 3.20 2.54 2.81    
balance sheet Unit 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
balance sheet                                                  
Cash HUF mil ... ... ... ... ... ...                         321,677 413,790 199,623 286,586 41,494    
Interbank Loans HUF mil ... ... ... ... ... ...                         85,052 81,316 98,227 64,553 51,740    
Customer Loans HUF mil ... ... ... ... ... ...                         1,772,630 1,406,400 1,003,860 849,279 802,954    
Retail Loans HUF mil ... ... ... ... ... ... ... ... ...                   751,560 637,088 522,540 504,403 386,584    
Mortgage Loans HUF mil ... ... ... ... ... ... ... ... ...                   558,229 462,618 413,495 401,312 294,068    
Consumer Loans HUF mil ... ... ... ... ... ... ... ... ...                   193,331 174,470 109,045 103,091 62,641    
Corporate Loans HUF mil ... ... ... ... ... ... ... ... ...                   1,492,350 1,281,710 999,584 933,654 596,099    
Debt Securities HUF mil ... ... ... ... ... ...                         420,462 329,281 299,088 354,840 859,741    
Fixed Assets HUF mil ... ... ... ... ... ...                         76,918 72,234 78,177 68,530 47,012    
Total Assets HUF mil ... ... ... ... ... ...                         2,943,960 2,579,170 1,962,110 1,944,590 1,954,100    
Shareholders' Equity HUF mil ... ... ... ... ... ...                         84,089 134,715 164,801 188,784 107,985    
Of Which Minority Interest HUF mil ... ... ... ... ... ...                         6,594 4,707 3,670 -1,398 0    
Liabilities HUF mil ... ... ... ... ... ...                         2,859,870 2,444,460 1,797,310 1,755,800 1,846,110    
Interbank Borrowing HUF mil ... ... ... ... ... ...                         977,326 674,216 269,958 198,961 324,651    
Customer Deposits HUF mil ... ... ... ... ... ...                         1,463,470 1,389,040 1,179,110 1,293,670 1,379,170    
Retail Deposits HUF mil ... ... ... ... ... ... ... ... ...                   834,562 797,063 569,756 566,817 544,368    
Corporate Deposits HUF mil ... ... ... ... ... ... ... ... ...                   628,910 591,974 609,353 726,854 834,800    
Issued Debt Securities HUF mil ... ... ... ... ... ...                         279,631 271,888 243,368 190,208 106,376    
Other Liabilities HUF mil ... ... ... ... ... ...                         139,443 109,317 104,874 72,962 35,918    
asset quality                                                  
Non-Performing Loans HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         294,917 315,878 365,101 360,848 158,985    
Gross Loans HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         1,994,630 1,658,360 1,260,340 1,143,670 802,954    
Total Provisions HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         221,999 251,957 256,477 294,389 155,458    
growth rates                                                  
Customer Loan Growth % ... ... ... ... ... ... ...                       -11.7 -20.7 -28.6 -15.4 -5.45    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...                 -5.16 -15.2 -18.0 -3.47 -23.4    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...                 -4.14 -17.1 -10.6 -2.95 -26.7    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...                 -7.99 -9.76 -37.5 -5.46 -39.2    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...                 -5.84 -14.1 -22.0 -6.60 -36.2    
Total Asset Growth % ... ... ... ... ... ... ...                       0.162 -12.4 -23.9 -0.893 0.489    
Shareholders' Equity Growth % ... ... ... ... ... ... ...                       -59.2 60.2 22.3 14.6 -42.8    
Customer Deposit Growth % ... ... ... ... ... ... ...                       -0.257 -5.09 -15.1 9.72 6.61    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ...                 15.0 -4.49 -28.5 -0.516 -3.96    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ...                 -15.2 -5.87 2.94 19.3 14.9    
market share                                                  
Market Share in Customer Loans % ... ... ... ... ... ...                         9.61 8.78 6.54 5.66 6.03    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...                   21.8 21.6 17.5 15.9 11.2    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...                   5.66 5.87 4.07 4.16 3.05    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...                   9.82 9.79 8.68 8.67 7.63    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...                   13.2 13.1 12.4 12.0 9.78    
Market Share in Total Assets % ... ... ... ... ... ...                         7.76 7.48 5.55 5.31 5.42    
Market Share in Customer Deposits % ... ... ... ... ... ...                         10.0 9.48 7.92 8.08 7.71    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ...                   10.7 10.4 8.22 8.24 7.74    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ...                   14.3 13.5 12.1 13.9 14.0    
ratios Unit 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
ratios                                                  
ROE % ... ... ... ... ... ...                         -84.4 -68.7 -81.5 -81.3 -51.5    
ROA % ... ... ... ... ... ...                         -4.16 -2.72 -5.37 -7.36 -3.92    
Costs (As % Of Assets) % ... ... ... ... ... ...                         2.52 2.44 2.20 2.89 2.71    
Costs (As % Of Income) % ... ... ... ... ... ...                         76.6 91.4 49.1 59.2 76.5    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ...               9.59 9.20 12.3 14.1 11.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Net Interest Margin % ... ... ... ... ... ...                         2.59 2.29 2.65 2.70 2.17    
Interest Spread % ... ... ... ... ... ... ...                       2.43 2.15 2.47 2.52 2.04    
Asset Yield % ... ... ... ... ... ...                         5.71 5.74 5.25 4.46 3.79    
Cost Of Liabilities % ... ... ... ... ... ... ...                       3.28 3.59 2.78 1.94 1.76    
Interest Income (As % Of Revenues) % ... ... ... ... ... ...                         78.7 86.1 59.1 55.3 61.2    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...                         14.5 18.4 20.1 24.4 38.6    
Other Income (As % Of Revenues) % ... ... ... ... ... ...                         6.78 -4.48 20.8 20.3 0.194    
Cost Per Employee USD per month ... ... ... ... ... ...                         2,924 2,387 2,841 3,393 3,074    
Cost Per Employee (Local Currency) HUF per month ... ... ... ... ... ...                         587,987 537,212 635,519 809,076 842,348    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ...                         36.1 35.4 41.8 37.5 39.7    
Equity (As % Of Assets) % ... ... ... ... ... ...                         2.86 5.22 8.40 9.71 5.53    
Loans (As % Of Deposits) % ... ... ... ... ... ...                         121 101 85.1 65.6 58.2    
Loans (As % Assets) % ... ... ... ... ... ...                         60.2 54.5 51.2 43.7 41.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...         14.8 19.0 29.0 31.6 19.8    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...         75.3 79.8 70.2 81.6 97.8    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...         12.5 17.9 25.5 34.7 19.4    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ...                         6.68 5.51 14.4 20.2 11.4    
other data Unit 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
other data                                                  
Branches ... ... ... ... ... ... ... ... ... ... ... ...             187 179 104 79.0 79.0    
Employees                                     3,796 3,695 2,745 2,178 2,080    

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MKB's corporate deposits rose 22.9% to HUF 1,215,280 mil in 2017

By Helgi Analytics - September 26, 2018

MKB Bank's corporate deposits reached HUF 1,215,280 mil in 2017, up 22.9% compared to the previous year. Hungarian banking sector accepted corporate deposits of HUF 7,527 bil in 2017, up 14.7% when compared to the last year. MKB Bank accounted for 16.1% o...

MKB's retail deposits fell 39.0% to HUF 323,857 mil in 2017

By Helgi Analytics - September 26, 2018

MKB Bank's retail deposits reached HUF 323,857 mil in 2017, down 39.0% compared to the previous year. Hungarian banking sector accepted retail deposits of HUF 7,738 bil in 2017, up 6.79% when compared to the last year. MKB Bank accounted for 4.19% of all ...

MKB's corporate loans rose 9.13% to HUF 615,964 mil in 2017

By Helgi Analytics - September 26, 2018

MKB Bank's loans reached HUF 858,592 mil in the 2017, up from HUF 858,072 mil compared to the previous year. Historically, the bank’s loans reached an all time high of HUF 2,292,790 mil in 2008 and an all time low of HUF 802,954 mil in 2015. In the last...

MKB's mortgage loans fell 22.9% to HUF 245,106 mil in 2017

By Helgi Analytics - September 26, 2018

MKB Bank's mortgage loans reached HUF 245,106 mil in 2017, down 22.9% compared to the previous year. Hungarian banking sector provided mortgage loans of HUF 3,030 bil in 2017, up 3.67% when compared to the last year. MKB Bank accounted for 8.09% of all mo...

MKB's net profit rose 102% to HUF 19,201 mil in 2017

By Helgi Analytics - May 21, 2018

MKB Bank made a net profit of HUF 19,201 mil in 2017, up 102% compared to the previous year. This implies a return on equity of 14.4%. Historically, the bank’s net profit reached an all time high of HUF 19,201 mil in 2017 and an all time low of HUF -143,781...

MKB's employees rose 1.75% to 2,031 in 2017

By Helgi Analytics - September 26, 2018

MKB Bank employed 2,031 persons in 2017, up 1.75% when compared to the previous year. Historically, the bank's workforce hit an all time high of 4,313 persons in 2008 and an all time low of 1,893 in 2005. Average cost reached USD 3,359 per month per employee, ...

MKB's customer loans rose 0.061% to HUF 858,592 mil in 2017

By Helgi Analytics - May 22, 2018

MKB Bank's customer loans reached HUF 858,592 mil in 2017, up 0.061% compared to the previous year. Hungarian banking sector provided customer loans of HUF 13,845 bil in 2017, up 5.17% when compared to the last year. MKB Bank accounted for 6.20% of all cu...

MKB's total revenues rose 28.8% to HUF 78,656 mil in 2017

By Helgi Analytics - May 22, 2018

MKB Bank generated total banking revenues of HUF 78,656 mil in 2017, up 28.8% compared to the previous year. Hungarian banking sector banking sector generated total revenues of HUF 1,358,153 mil in 2017, up 20.3% when compared to the last year. ...

MKB's costs (as % of assets) rose 24.4% to 2.35% in 2017

By Helgi Analytics - September 26, 2018

MKB Bank's cost to income ratio reached 61.9% in 2017, down from 62.7% compared to the previous year. Historically, the bank’s costs reached an all time high of 91.4% of income in 2012 and an all time low of 49.1% in 2013. When compared to total assets, ba...

MKB's retail loan growth fell 1,973% to -31.5% in 2017

By Helgi Analytics - September 26, 2018

MKB Bank's retail loans reached HUF 269,347 mil at the end of 2017, down 31.5% compared to the previous year. In the last decade, the average annual loan growth amounted to -6.97%. Overall, retail loans accounted for 31.4% of the bank's loan book at the end...

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MKB Bank Zrt. is a Hungary-based bank providing retail and corporate banking products and services. The Bank maintains a 6-8% market share in the key banking products and serves around 400,000 clients through a network of 104 branches. The Bank’s Retail and Private Banking segment offers a range of deposit and savings instruments, credit and debit cards, portfolio management, and loan products. The Bank’s Corporate Banking segment provides for instance trade finance, credit products, accounts and deposit products, forfeiting and factoring, letters of credit, guarantees, or international payments. The Bank was founded in 1950 and is headquartered in Budapest, Hungary. MKB Bank was the first bankin Hungary to be privatised, in 1994. It is controlled by BayernLB.

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Finance

MKB Bank has been growing its revenues and asset by -2.74% and -1.85% a year on average in the last 10 years. Its loans and deposits have grown by -7.47% and 2.13% a year during that time and loans to deposits ratio reached 55.8% at the end of 2017. The company achieved an average return on equity of -39.2% in the last decade with net profit growing 3.06% a year on average. In terms of operating efficiency, its cost to income ratio reached 61.9% in 2017, compared to 64.2% average in the last decade.

Equity represented 6.86% of total assets or 16.4% of loans at the end of 2017. MKB Bank's non-performing loans were 6.10% of total loans while provisions covered some 72.1% of NPLs at the end of 2017.