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Modra Pyramida Stavebni Sporitelna

MPSS's mortgage loans rose 18.8% yoy to CZK 72,895 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Modra Pyramida Stavebni Sporitelna's mortgage loans reached CZK 72,895 mil in 2021-09-30, up 5.11% compared to the previous year. ...

MPSS's customer loans rose 18.4% yoy to CZK 73,200 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Modra Pyramida Stavebni Sporitelna's customer loans reached CZK 73,200 mil in 2021-09-30, up 5.02% compared to the previous year. ...

MPSS's retail loans rose 18.8% yoy to CZK 72,895 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Modra Pyramida Stavebni Sporitelna's retail loans reached CZK 72,895 mil in the third quarter of 2021, up 5.11% compared to the previ...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 1,168 1,218 1,038
Net Fee Income CZK mil 173 152 121
Other Income CZK mil 1.08 1.78 2.38
Total Revenues CZK mil 1,342 1,371 1,161
Staff Cost CZK mil 307 316 326
Operating Profit CZK mil 683 706 510
Provisions CZK mil -90.9 -45.5 174
Net Profit CZK mil 721 708 323
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 1.90 3.54 4.27
Customer Loans CZK mil 50,751 56,533 64,372
Investments CZK mil 29,358 25,889 21,067
Total Assets CZK mil 83,163 84,023 89,311
Shareholders' Equity CZK mil 5,945 5,932 6,256
Interbank Borrowing CZK mil 14,973 15,841 21,243
Customer Deposits CZK mil 61,803 61,831 60,790
Issued Debt Securities CZK mil 0 0 0
Ratios 2018 2019 2020
ROE % 11.8 11.9 5.30
ROA % 0.867 0.846 0.373
Costs (As % Of Assets) % 0.792 0.795 0.751
Costs (As % Of Income) % 49.1 48.5 56.1
Capital Adequacy Ratio % 20.5 24.3 29.0
Net Interest Margin % 1.40 1.46 1.20
Loans (As % Of Deposits) % 82.1 91.4 106
NPLs (As % Of Loans) % 2.03 1.62 1.67
Provisions (As % Of NPLs) % 47.0 43.5 24.7
Growth Rates 2018 2019 2020
Total Revenue Growth % -11.3 2.19 -15.3
Operating Cost Growth % 0.954 0.844 -2.06
Operating Profit Growth % -20.6 3.48 -27.8
Net Profit Growth % -19.6 -1.86 -54.3
Customer Loan Growth % 16.5 11.4 13.9
Total Asset Growth % -0.059 1.03 6.29
Customer Deposit Growth % 0.131 0.046 -1.68
Shareholders' Equity Growth % -5.41 -0.205 5.46
Employees 325 332 323

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summary Unit 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                               1,565 1,432 1,459 1,356 1,168    
Total Revenues CZK mil                               1,791 1,594 1,532 1,513 1,342    
Operating Profit CZK mil                               1,125 929 924 860 683    
Net Profit CZK mil                               995 915 883 897 721    
balance sheet                                            
Interbank Loans CZK mil                               33,357 31,142 33,189 6,505 1.90    
Customer Loans CZK mil                               37,504 36,253 38,211 43,555 50,751    
Investments CZK mil                               8,619 7,043 2,642 32,302 29,358    
Total Assets CZK mil                               82,775 89,104 85,025 83,212 83,163    
                                               
Shareholders' Equity CZK mil                               7,611 7,358 6,292 6,284 5,945    
Interbank Borrowing CZK mil                               0 11,500 12,900 14,411 14,973    
Customer Deposits CZK mil                               74,138 69,432 65,006 61,723 61,803    
Issued Debt Securities CZK mil                               0 0 0 0 0    
ratios                                            
ROE % ...                             12.9 12.2 12.9 14.3 11.8    
ROA % ...                             1.21 1.06 1.01 1.07 0.867    
Costs (As % Of Assets) % ...                             0.808 0.773 0.698 0.776 0.792    
Costs (As % Of Income) %                               37.2 41.7 39.7 43.2 49.1    
Capital Adequacy Ratio % ...                             19.8 19.3 15.1 20.4 20.5    
Net Interest Margin % ...                             1.90 1.67 1.68 1.61 1.40    
Interest Income (As % Of Revenues) %                               87.4 89.9 95.2 89.6 87.0    
Fee Income (As % Of Revenues) %                               12.1 9.53 6.50 10.3 12.9    
Staff Cost (As % Of Total Cost) %                               44.5 44.2 48.1 46.4 46.6    
Equity (As % Of Assets) %                               9.20 8.26 7.40 7.55 7.15    
Loans (As % Of Deposits) %                               50.6 52.2 58.8 70.6 82.1    
Loans (As % Assets) %                               45.3 40.7 44.9 52.3 61.0    
NPLs (As % Of Loans) % ...                             4.55 4.99 4.17 2.61 2.03    
Provisions (As % Of NPLs) % ...                             57.8 52.4 52.3 48.6 47.0    
income statement Unit 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                               3,304 3,111 2,622 2,493 2,654    
Interest Cost CZK mil                               1,739 1,679 1,163 1,138 1,487    
Net Interest Income CZK mil                               1,565 1,432 1,459 1,356 1,168    
Net Fee Income CZK mil                               217 152 99.5 156 173    
Other Income CZK mil                               8.60 9.90 -26.7 1.12 1.08    
Total Revenues CZK mil                               1,791 1,594 1,532 1,513 1,342    
Staff Cost CZK mil                               296 294 293 303 307    
Depreciation CZK mil                               51.4 53.3 56.7 59.4 59.8    
Other Cost CZK mil                               319 317 259 291 292    
Operating Cost CZK mil                               666 665 608 653 659    
Operating Profit CZK mil                               1,125 929 924 860 683    
Provisions CZK mil                               78.9 -34.5 -10.4 -88.4 -90.9    
Extra and Other Cost CZK mil                               0 0 -0.036 0 0    
Pre-Tax Profit CZK mil                               1,046 964 934 948 774    
Tax CZK mil                               50.9 48.6 51.2 50.8 52.7    
Minorities CZK mil                               0 0 0 0 0    
Net Profit CZK mil                               995 915 883 897 721    
Net Profit Avail. to Common CZK mil                               995 915 883 897 721    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   995 1,915 883 898 721   ...
growth rates                                            
Net Interest Income Growth % ...                             -4.18 -8.50 1.88 -7.07 -13.9    
Net Fee Income Growth % ...                             -26.8 -30.2 -34.5 56.6 11.0    
Total Revenue Growth % ...                             -7.59 -11.0 -3.89 -1.25 -11.3    
Operating Cost Growth % ...                             -1.96 -0.294 -8.53 7.42 0.954    
Operating Profit Growth % ...                             -10.6 -17.4 -0.570 -6.95 -20.6    
Pre-Tax Profit Growth % ...                             -7.89 -7.84 -3.04 1.47 -18.4    
Net Profit Growth % ...                             -6.65 -8.00 -3.49 1.52 -19.6    
market share                                            
Market Share in Revenues %                               1.07 0.915 0.850 0.844 0.705    
Market Share in Net Profit % ...                             1.58 1.38 1.20 1.19 0.885    
Market Share in Employees %                               0.828 0.813 0.804 0.766 0.776    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9.70 9.93 10.6 11.1 10.4    
balance sheet Unit 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 & Cash Equivalents CZK mil                               674 12,079 8,248 140 2,346    
Interbank Loans CZK mil                               33,357 31,142 33,189 6,505 1.90    
Customer Loans CZK mil                               37,504 36,253 38,211 43,555 50,751    
Retail Loans CZK mil                               35,841 34,608 36,526 43,516 50,753    
Mortgage Loans CZK mil                               35,841 34,608 36,526 43,516 50,753    
Consumer Loans CZK mil                               0 0 0 0 0    
Corporate Loans CZK mil                               2,604 2,563 2,475 557 488    
Investments CZK mil                               8,619 7,043 2,642 32,302 29,358    
Property and Equipment CZK mil                               578 561 547 553 583    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                               82,775 89,104 85,025 83,212 83,163    
                                               
Shareholders' Equity CZK mil                               7,611 7,358 6,292 6,284 5,945    
Of Which Minority Interest CZK mil                               0 0 0 0 0    
Liabilities CZK mil                               75,163 81,746 78,733 76,928 77,219    
Interbank Borrowing CZK mil                               0 11,500 12,900 14,411 14,973    
Customer Deposits CZK mil                               74,138 69,432 65,006 61,723 61,803    
Retail Deposits CZK mil                               74,138 69,432 65,006 61,573 61,803    
Corporate Deposits CZK mil                               0 0 0 0 146    
Issued Debt Securities CZK mil                               0 0 0 0 0    
Other Liabilities CZK mil                               1,026 814 827 795 442    
asset quality                                            
Non-Performing Loans CZK mil ...                             1,754 1,858 1,629 1,153 1,042    
Gross Loans CZK mil ...                             38,517 37,227 39,063 44,115 51,241    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ...               38,480 38,082 41,585 30,821 28,998    
Total Provisions CZK mil ...                             1,013 974 852 561 490    
growth rates                                            
Customer Loan Growth % ...                             -12.1 -3.33 5.40 14.0 16.5    
Retail Loan Growth % ...                             -11.5 -3.44 5.54 19.1 16.6    
Mortgage Loan Growth % ...                             -11.5 -3.44 5.54 19.1 16.6    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -17.9 -1.58 -3.44 -77.5 -12.4    
Total Asset Growth % ...                             0.754 7.65 -4.58 -2.13 -0.059    
Shareholders' Equity Growth % ...                             -2.64 -3.34 -14.5 -0.120 -5.41    
Customer Deposit Growth % ...                             1.46 -6.35 -6.37 -5.05 0.131    
Retail Deposit Growth % ...                             1.46 -6.35 -6.37 -5.28 0.374    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
market share                                            
Market Share in Customer Loans %                               1.42 1.30 1.30 1.41 1.53    
Market Share in Corporate Loans %                               0.298 0.278 0.254 0.055 0.045    
Market Share in Retail Loans %                               0 0 0 0 0    
Market Share in Consumer Loans %                               2.91 2.61 2.57 2.84 3.08    
Market Share in Mortgage Loans %                               3.98 3.56 3.47 3.79 4.07    
Market Share in Total Assets %                               1.54 1.61 1.41 1.18 1.13    
Market Share in Customer Deposits %                               2.16 1.97 1.73 1.48 1.39    
Market Share in Retail Deposits %                               3.85 3.41 2.94 2.60 2.42    
Market Share in Corporate Deposits %                               0 0 0 0 0.014    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                             
ROE % ...                             12.9 12.2 12.9 14.3 11.8    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ...             17.5 15.9 14.8 16.5 16.1    
ROA % ...                             1.21 1.06 1.01 1.07 0.867    
Return on Loans % ...                             2.48 2.48 2.37 2.19 1.53    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ...             2.97 2.43 2.32 2.37 2.28    
Costs (As % Of Assets) % ...                             0.808 0.773 0.698 0.776 0.792    
Costs (As % Of Income) %                               37.2 41.7 39.7 43.2 49.1    
Costs (As % Of Loans) % ...                             1.66 1.80 1.63 1.60 1.40    
Costs (As % Of Loans & Deposits) % ...                             0.586 0.612 0.582 0.626 0.605    
Capital Adequacy Ratio % ...                             19.8 19.3 15.1 20.4 20.5    
Tier 1 Ratio % ...                             19.8 19.3 15.1 20.4 20.5    
Net Interest Margin % ...                             1.90 1.67 1.68 1.61 1.40    
Interest Spread % ...                             1.68 1.48 1.56 1.50 1.26    
Asset Yield % ...                             4.01 3.62 3.01 2.96 3.19    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ...             4.74 4.16 3.85 4.18 4.49    
Cost Of Liabilities % ...                             2.33 2.14 1.45 1.46 1.93    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   100 209 100 100 100   ...
Interest Income (As % Of Revenues) %                               87.4 89.9 95.2 89.6 87.0    
Fee Income (As % Of Revenues) %                               12.1 9.53 6.50 10.3 12.9    
Other Income (As % Of Revenues) %                               0.480 0.621 -1.74 0.074 0.081    
Staff Cost (As % Of Total Cost) %                               44.5 44.2 48.1 46.4 46.6    
Equity (As % Of Assets) %                               9.20 8.26 7.40 7.55 7.15    
Equity (As % Of Loans) %                               20.3 20.3 16.5 14.4 11.7    
Loans (As % Of Deposits) %                               50.6 52.2 58.8 70.6 82.1    
Loans (As % Assets) %                               45.3 40.7 44.9 52.3 61.0    
NPLs (As % Of Loans) % ...                             4.55 4.99 4.17 2.61 2.03    
Provisions (As % Of NPLs) % ...                             57.8 52.4 52.3 48.6 47.0    
Provisions (As % Of Loans) % ...                             2.70 2.69 2.23 1.29 0.965    
Cost of Provisions (As % Of Loans) % ...                             0.197 -0.094 -0.028 -0.216 -0.193    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                             
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 215 215 216 216 204    
Employees                               334 335 330 321 325    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.55 1.56 1.53 1.49 1.59    
Cost Per Employee USD per month                               3,461 3,061 2,928 3,351 3,598    
Cost Per Employee (Local Currency) CZK per month                               73,960 73,067 73,865 78,638 78,729    
customer breakdown Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                             
Customers mil                               0.614 0.572 0.538 0.541 0.541    
Number of Accounts mil                               0.614 0.572 0.538 0.541 0.541    
Number of Primary Customers mil                               0.097 0.091 0.087 0.086 0.085    
Number of Mortgages mil                               0.097 0.091 0.087 0.086 0.085    
Average Size of Deposit CZK                               120,699 121,400 120,866 114,173 114,310    
Average Size of Mortgage Loan CZK                               369,152 380,124 420,287 507,131 595,626    
Accounts (As % of Total Clients) %                               100 100 100 100 100    
Primary (As % of Total Clients) %                               15.8 15.9 16.2 15.9 15.8    
Mortgages (As % of Total Clients) %                               15.8 15.9 16.2 15.9 15.8    
Revenue per Customer (Local Currency) CZK                               2,916 2,786 2,848 2,798 2,482    
Net Profit per Customer (Local Currency) CZK                               1,619 1,600 1,642 1,658 1,333    
Loan per Customer (Local Currency) CZK                               61,058 63,388 71,045 80,566 93,867    
Deposit per Customer (Local Currency) CZK                               120,699 121,400 120,866 114,173 114,310    
Revenue per Customer USD                               136 117 113 119 113    
Net Profit per Customer USD                               75.8 67.0 65.1 70.7 60.9    
Loan per Customer USD                               2,665 2,553 2,771 3,784 4,178    
Deposit per Customer USD                               5,267 4,890 4,714 5,362 5,088    

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MPSS's total revenues fell 8.64% yoy to CZK 294 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Modra Pyramida Stavebni Sporitelna generated total banking revenues of CZK 294 mil in 2021-09-30, up 1.93% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 45,285 mil in 2021-09-30, down 2.23% when com...

MPSS's net interest margin fell 19.5% yoy to 1.07% in 3Q2021

By Helgi Analytics - March 5, 2022

Modra Pyramida Stavebni Sporitelna's net interest margin amounted to 1.07% in the third quarter of 2021, down from 1.09% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 2.25% in 3Q2011 and an al...

MPSS's capital adequacy ratio fell 16.0% yoy to 25.2% in 3Q2021

By Helgi Analytics - March 5, 2022

Modra Pyramida Stavebni Sporitelna's capital adequacy ratio reached 25.2% at the end of third quarter of 2021, down from 26.5% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 30.4% in 2Q2020 and an all time low of ...

MPSS's corporate deposits fell 25.4% yoy to CZK 91.0 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Modra Pyramida Stavebni Sporitelna's corporate deposits reached CZK 91.0 mil in 2021-09-30, down 11.7% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,267 bil in 2021-09-30, up 1.15% when compared to the last year. ...

MPSS's net profit rose 22.6% yoy to CZK 95.2 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Modra Pyramida Stavebni Sporitelna made a net profit of CZK 95.2 mil in the third quarter of 2021, up 22.6% when compared to the same period of last year. This implies a return on equity of 5.82%. Historically, the bank’s net profit reached an all time high of CZ...

MPSS's net profit rose 22.6% yoy to CZK 95.2 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Modra Pyramida Stavebni Sporitelna made a net profit of CZK 95.2 mil under revenues of CZK 294 mil in the third quarter of 2021, up 22.6% and down 8.64% respectively when compared to the same period last year. Historically, the bank’s net profit reached a...

MPSS's costs (as % of assets) fell 9.31% yoy to 0.676% in 3Q2021

By Helgi Analytics - March 5, 2022

Modra Pyramida Stavebni Sporitelna's cost to income ratio reached 54.1% in the third quarter of 2021, up from 45.6% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 62.4% of income in 1Q2021 and an all time low of...

MPSS's npls (as % of loans) rose 19.3% yoy to 1.84% in 1Q2021

By Helgi Analytics - March 5, 2022

Modra Pyramida Stavebni Sporitelna's non-performing loans reached 1.84% of total loans at the end of 2021-03-31, up from 1.54% compared to the previous year. Historically, the NPL ratio hit an all time high of 5.27% in 2015-03-31 and an all time low of 1.03% in 2...

MPSS's customer deposits rose 0.621% yoy to CZK 60,293 mil in 3Q2021

By Helgi Analytics - March 21, 2022

Modra Pyramida Stavebni Sporitelna's customer deposits reached CZK 60,293 mil in 2021-09-30, down 0.211% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,949 bil in 2021-09-30, up 1.60% when compared to the last year. ...

MPSS's employees rose 1.25% yoy to 325 in 3Q2021

By Helgi Analytics - March 5, 2022

Modra Pyramida Stavebni Sporitelna employed 325 persons in 2021-09-30, up 0.932% when compared to the previous year. Historically, the bank's workforce hit an all time high of 344 persons in 2014-03-31 and an all time low of 321 in 2017-12-31. Average cost reached...

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Modrá Pyramida is building savings bank in the Czech Republic, owned by Komercni Banka, the third largest bank in the country. The Bank has been set up to provide loans to finance householdes' living needs with a subsidized interest rate, historically a popular alternative to mortgage loans. Nowadays, the Bank has developed into a mortgage lender expanding into other banking services within Komercni Banka Group.

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Finance

Modra Pyramida Stavebni Sporitelna has been growing its revenues and asset by -4.25% and 1.53% a year on average in the last 10 years. Its loans and deposits have grown by 2.76% and -1.28% a year during that time and loans to deposits ratio reached 106% at the end of 2020. The company achieved an average return on equity of 12.7% in the last decade with net profit growing -10.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 56.1% in 2020, compared to 42.1% average in the last decade.

Equity represented 7.01% of total assets or 9.72% of loans at the end of 2020. Modra Pyramida Stavebni Sporitelna's non-performing loans were 1.67% of total loans while provisions covered some 24.7% of NPLs at the end of 2020.