Modrá Pyramida is the second largest building savings bank in the Czech Republic, with a 17.1% share of lending and a 16.5% share of building savings deposits as of the end of 2012. Despite gaining market share over the last two years, the bank’s overall balance sheet momentum remains negative. This is due mainly to the overall saturation of the market, ongoing reduction of the government subsidy and migration to mortgage lending.
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summary | Unit |
1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
Net Interest Income | CZK mil |
Total Revenues | CZK mil |
Operating Profit | CZK mil |
Net Profit | CZK mil |
... | 1,738 | 1,722 | 1,633 | 1,565 | 1,432 | ||||||||||||||
... | 1,920 | 1,985 | 1,938 | 1,791 | 1,594 | ||||||||||||||
... | 1,211 | 1,320 | 1,258 | 1,125 | 929 | ||||||||||||||
... | 1,051 | 1,123 | 1,066 | 995 | 915 |
Interbank Loans | CZK mil |
Customer Loans | CZK mil |
Debt Securities | CZK mil |
Total Assets | CZK mil |
Shareholders' Equity | CZK mil |
Interbank Borrowing | CZK mil |
Customer Deposits | CZK mil |
Issued Debt Securities | CZK mil |
... | 1,505 | 1,001 | 28,269 | 33,357 | 31,142 | ||||||||||||||
... | 50,637 | 48,477 | 42,682 | 37,504 | 36,253 | ||||||||||||||
... | 25,824 | 28,762 | 8,907 | 8,619 | 7,043 | ||||||||||||||
... | 80,172 | 82,147 | 82,155 | 82,775 | 89,104 | ||||||||||||||
... | 6,591 | 8,170 | 7,818 | 7,611 | 7,358 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 11,500 | ||||||||||||||
... | 72,420 | 72,661 | 73,074 | 74,138 | 69,432 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
... | 17.2% | 15.2% | 13.3% | 12.9% | 12.2% | ||||||||||||||
... | 1.34% | 1.38% | 1.30% | 1.21% | 1.06% | ||||||||||||||
... | 0.904% | 0.819% | 0.828% | 0.808% | 0.773% | ||||||||||||||
... | 36.9% | 33.5% | 35.1% | 37.2% | 41.7% | ||||||||||||||
... | ... | 16.3% | 20.8% | 21.1% | 19.8% | 19.3% | |||||||||||||
... | 2.22% | 2.12% | 1.99% | 1.90% | 1.67% | ||||||||||||||
... | 90.5% | 86.8% | 84.3% | 87.4% | 89.9% | ||||||||||||||
... | 11.8% | 15.6% | 15.3% | 12.1% | 9.53% | ||||||||||||||
... | 41.9% | 45.7% | 43.0% | 44.5% | 44.2% | ||||||||||||||
... | 8.22% | 9.95% | 9.52% | 9.20% | 8.26% | ||||||||||||||
... | 69.9% | 66.7% | 58.4% | 50.6% | 52.2% | ||||||||||||||
... | 63.2% | 59.0% | 52.0% | 45.3% | 40.7% | ||||||||||||||
... | ... | 2.70% | 3.09% | 3.99% | 4.55% | 4.99% | |||||||||||||
... | ... | 60.5% | 61.6% | 60.7% | 57.8% | 52.4% |
income statement | Unit |
1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
Interest Income | CZK mil |
Interest Cost | CZK mil |
Net Interest Income | CZK mil |
Net Fee Income | CZK mil |
Other Income | CZK mil |
Total Revenues | CZK mil |
Staff Cost | CZK mil |
Depreciation | CZK mil |
Other Cost | CZK mil |
Operating Cost | CZK mil |
Operating Profit | CZK mil |
Provisions | CZK mil |
Extra and Other Cost | CZK mil |
Pre-Tax Profit | CZK mil |
Tax | CZK mil |
Minorities | CZK mil |
Net Profit | CZK mil |
Dividends | CZK mil |
... | 3,552 | 3,541 | 3,465 | 3,304 | 3,111 | ||||||||||||||
... | 1,814 | 1,819 | 1,831 | 1,739 | 1,679 | ||||||||||||||
... | 1,738 | 1,722 | 1,633 | 1,565 | 1,432 | ||||||||||||||
... | 226 | 309 | 297 | 217 | 152 | ||||||||||||||
... | -43.7 | -46.4 | 7.80 | 8.60 | 9.90 | ||||||||||||||
... | 1,920 | 1,985 | 1,938 | 1,791 | 1,594 | ||||||||||||||
... | 297 | 304 | 292 | 296 | 294 | ||||||||||||||
... | 57.6 | 55.6 | 50.7 | 51.4 | 53.3 | ||||||||||||||
... | 355 | 305 | 337 | 319 | 317 | ||||||||||||||
... | 709 | 665 | 680 | 666 | 665 | ||||||||||||||
... | 1,211 | 1,320 | 1,258 | 1,125 | 929 | ||||||||||||||
... | 79.5 | 103 | 123 | 78.9 | -34.5 | ||||||||||||||
... | -12.9 | 0.033 | 0.000 | 0.000 | 0.000 | ||||||||||||||
... | 1,144 | 1,217 | 1,135 | 1,046 | 964 | ||||||||||||||
... | 93.4 | 94.1 | 69.7 | 50.9 | 48.6 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | ||||||||||||||
... | 1,051 | 1,123 | 1,066 | 995 | 915 | ||||||||||||||
... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,066 | 995 | 1,915 |
Net Interest Income Growth | % |
Net Fee Income Growth | % |
Total Revenue Growth | % |
Operating Cost Growth | % |
Operating Profit Growth | % |
Pre-Tax Profit Growth | % |
Net Profit Growth | % |
... | ... | 5.17% | -0.878% | -5.17% | -4.18% | -8.50% | |||||||||||||
... | ... | 40.9% | 36.9% | -3.83% | -26.8% | -30.2% | |||||||||||||
... | ... | 7.08% | 3.40% | -2.35% | -7.59% | -11.0% | |||||||||||||
... | ... | 9.08% | -6.21% | 2.22% | -1.96% | -0.294% | |||||||||||||
... | ... | 5.95% | 9.03% | -4.66% | -10.6% | -17.4% | |||||||||||||
... | ... | 11.5% | 6.36% | -6.71% | -7.89% | -7.84% | |||||||||||||
... | ... | 13.0% | 6.86% | -5.10% | -6.65% | -8.00% |
Market Share in Revenues | % |
Market Share in Net Profit | % |
Market Share in Employees | % |
Market Share in Branches | % |
... | 1.18% | 1.19% | 1.15% | 1.07% | 0.915% | ||||||||||||||
... | ... | 1.97% | 1.75% | 1.75% | 1.58% | 1.38% | |||||||||||||
0.927% | 0.852% | 0.853% | 0.828% | 0.813% | |||||||||||||||
... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.1% | ... | ... | ... |
balance sheet | Unit |
1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
Cash | CZK mil |
Interbank Loans | CZK mil |
Customer Loans | CZK mil |
Retail Loans | CZK mil |
Mortgage Loans | CZK mil |
Consumer Loans | CZK mil |
Corporate Loans | CZK mil |
Debt Securities | CZK mil |
Fixed Assets | CZK mil |
Total Assets | CZK mil |
Shareholders' Equity | CZK mil |
Of Which Minority Interest | CZK mil |
Liabilities | CZK mil |
Interbank Borrowing | CZK mil |
Customer Deposits | CZK mil |
Retail Deposits | CZK mil |
Corporate Deposits | CZK mil |
Issued Debt Securities | CZK mil |
Other Liabilities | CZK mil |
... | 724 | 2,298 | 573 | 674 | 12,079 | ||||||||||||||
... | 1,505 | 1,001 | 28,269 | 33,357 | 31,142 | ||||||||||||||
... | 50,637 | 48,477 | 42,682 | 37,504 | 36,253 | ||||||||||||||
... | 50,637 | 48,477 | 40,515 | 35,841 | 34,608 | ||||||||||||||
... | 50,637 | 48,477 | 40,515 | 35,841 | 34,608 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | ||||||||||||||
... | 0.000 | 0.000 | 3,171 | 2,604 | 2,563 | ||||||||||||||
... | 25,824 | 28,762 | 8,907 | 8,619 | 7,043 | ||||||||||||||
... | 403 | 389 | 601 | 578 | 561 | ||||||||||||||
... | 80,172 | 82,147 | 82,155 | 82,775 | 89,104 | ||||||||||||||
... | 6,591 | 8,170 | 7,818 | 7,611 | 7,358 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | ||||||||||||||
... | 73,581 | 73,976 | 74,338 | 75,163 | 81,746 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 11,500 | ||||||||||||||
... | 72,420 | 72,661 | 73,074 | 74,138 | 69,432 | ||||||||||||||
... | 72,420 | 72,661 | 73,074 | 74,138 | 69,432 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | ||||||||||||||
... | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | ||||||||||||||
... | 1,161 | 1,315 | 1,263 | 1,026 | 814 |
Non-Performing Loans | CZK mil |
Gross Loans | CZK mil |
Total Provisions | CZK mil |
... | ... | 1,388 | 1,528 | 1,747 | 1,754 | 1,858 | |||||||||||||
... | ... | 51,478 | 49,417 | 43,742 | 38,517 | 37,227 | |||||||||||||
... | ... | 840 | 940 | 1,060 | 1,013 | 974 |
Customer Loan Growth | % |
Retail Loan Growth | % |
Mortgage Loan Growth | % |
Corporate Loan Growth | % |
Total Asset Growth | % |
Shareholders' Equity Growth | % |
Customer Deposit Growth | % |
Retail Deposit Growth | % |
... | ... | 3.28% | -4.27% | -12.0% | -12.1% | -3.33% | |||||||||||||
... | ... | 3.28% | -4.27% | -16.4% | -11.5% | -3.44% | |||||||||||||
... | ... | 3.28% | -4.27% | -16.4% | -11.5% | -3.44% | |||||||||||||
... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -17.9% | -1.58% | ||
... | ... | 4.51% | 2.46% | 0.010% | 0.754% | 7.65% | |||||||||||||
... | ... | 16.7% | 24.0% | -4.32% | -2.64% | -3.34% | |||||||||||||
... | ... | 4.78% | 0.332% | 0.569% | 1.46% | -6.35% | |||||||||||||
... | ... | 4.78% | 0.332% | 0.569% | 1.46% | -6.35% |
... | 2.31% | 2.15% | 1.71% | 1.44% | 1.30% | ||||||||||||||
... | 0.000% | 0.000% | 0.366% | 0.298% | 0.278% | ||||||||||||||
... | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% | ||||||||||||||
... | 4.62% | 4.28% | 3.43% | 2.92% | 2.62% | ||||||||||||||
... | 6.55% | 5.99% | 4.75% | 3.98% | 3.56% | ||||||||||||||
... | 1.79% | 1.77% | 1.60% | 1.56% | 1.61% | ||||||||||||||
... | 2.69% | 2.57% | 2.39% | 2.16% | 1.97% | ||||||||||||||
... | 4.23% | 4.10% | 4.03% | 3.85% | 3.41% | ||||||||||||||
... | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% |
ratios | Unit |
1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
... | 17.2% | 15.2% | 13.3% | 12.9% | 12.2% | ||||||||||||||
... | 1.34% | 1.38% | 1.30% | 1.21% | 1.06% | ||||||||||||||
... | 0.904% | 0.819% | 0.828% | 0.808% | 0.773% | ||||||||||||||
... | 36.9% | 33.5% | 35.1% | 37.2% | 41.7% | ||||||||||||||
... | ... | 16.3% | 20.8% | 21.1% | 19.8% | 19.3% | |||||||||||||
... | 2.22% | 2.12% | 1.99% | 1.90% | 1.67% | ||||||||||||||
... | ... | 2.02% | 1.90% | 1.75% | 1.68% | 1.48% | |||||||||||||
... | 4.53% | 4.36% | 4.22% | 4.01% | 3.62% | ||||||||||||||
... | ... | 2.51% | 2.47% | 2.47% | 2.33% | 2.14% | |||||||||||||
... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 100% | 100% | 209% | ||
... | 90.5% | 86.8% | 84.3% | 87.4% | 89.9% | ||||||||||||||
... | 11.8% | 15.6% | 15.3% | 12.1% | 9.53% | ||||||||||||||
... | -2.28% | -2.34% | 0.402% | 0.480% | 0.621% | ||||||||||||||
... | 3,823 | 3,790 | 3,674 | 3,461 | 3,061 | ||||||||||||||
... | 67,607 | 74,128 | 71,884 | 73,960 | 73,067 | ||||||||||||||
... | 41.9% | 45.7% | 43.0% | 44.5% | 44.2% | ||||||||||||||
... | 8.22% | 9.95% | 9.52% | 9.20% | 8.26% | ||||||||||||||
... | 69.9% | 66.7% | 58.4% | 50.6% | 52.2% | ||||||||||||||
... | 63.2% | 59.0% | 52.0% | 45.3% | 40.7% | ||||||||||||||
... | ... | 2.70% | 3.09% | 3.99% | 4.55% | 4.99% | |||||||||||||
... | ... | 60.5% | 61.6% | 60.7% | 57.8% | 52.4% | |||||||||||||
... | ... | 1.66% | 1.94% | 2.48% | 2.70% | 2.69% | |||||||||||||
... | 0.159% | 0.208% | 0.270% | 0.197% | -0.094% |
other data | Unit |
1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
Branches | |
Employees | |
Number Of Loan Contracts | '000 |
Sale Of New Loan Contracts | '000 |
Number Of Deposit Contracts | '000 |
Sale Of New Deposit Contracts | '000 |
Number Of All Contracts | '000 |
Size Of Average Loan | CZK mil |
Size Of Average Deposit | CZK mil |
... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 215 | ... | ... | ... |
366 | 342 | 339 | 334 | 335 | |||||||||||||||
139 | 124 | 109 | 97.1 | 91.0 | |||||||||||||||
... | ... | ... | ... | ... | ... | 11.0 | ... | ... | ... | ... | ... | ... | |||||||
718 | 670 | 633 | 614 | 572 | |||||||||||||||
... | ... | ... | ... | ... | 94.0 | ... | ... | ... | ... | ... | ... | ||||||||
857 | 794 | 741 | 711 | 663 | ... | ||||||||||||||
... | 0.363 | 0.391 | 0.393 | 0.386 | 0.398 | ||||||||||||||
... | 0.101 | 0.109 | 0.115 | 0.121 | 0.121 |
This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.
You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the
Read more »This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.
You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.
The file contains data of following banks:
If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.
Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.
If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.
This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.
You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking
Read more »This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.
You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.
The file contains data of following banks:
If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.
Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.
If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.
This Quarterly statistical dossier offers a summary of Modra Pyramida Stavebni Sporitelna's performance between Dec 98 and Sep 18 on an quarterly basis. The report can be downloaded as an excel file.
You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such
Read more »This Quarterly statistical dossier offers a summary of Modra Pyramida Stavebni Sporitelna's performance between Dec 98 and Sep 18 on an quarterly basis. The report can be downloaded as an excel file.
You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.
In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track MPSS's market position in mortgage or consumer lending.
If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.
If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.
This Annual statistical dossier offers a summary of Modra Pyramida Stavebni Sporitelna's performance between 1998 and 2017 on an annual basis. The report can be downloaded as an excel file.
You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset
Read more »This Annual statistical dossier offers a summary of Modra Pyramida Stavebni Sporitelna's performance between 1998 and 2017 on an annual basis. The report can be downloaded as an excel file.
You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.
In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track MPSS's market position in mortgage or consumer lending.
If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.
If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.
This report analyses the main trends in the Czech banking with a special focus on the 3Q2014's performance. In the 108-page report, you will find all the necessary details regarding profitability of the sector, breakdown and trends of the volume growth, market share, margin and asset quality development in the sector and within the particular segments of the market.
In
Read more »This report analyses the main trends in the Czech banking with a special focus on the 3Q2014's performance. In the 108-page report, you will find all the necessary details regarding profitability of the sector, breakdown and trends of the volume growth, market share, margin and asset quality development in the sector and within the particular segments of the market.
In addition, you will find here financials and market share of the 20 banks we cover in the Czech Republic including all key ratios describing their business. The report includes 446 charts and 40 tables.
The key points are:
You might also find all banks' financials in the Company section at www.helgilibrary.com/companies, and key charts for each bank at www.helgilibrary.com/charts.
The report is free to download, just register at our webpage.
This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.
The key highlights are:
Modrá Pyramida's net profit falls 10.5%...
Modrá Pyramida reported a net profit of CZK
Read more »This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.
The key highlights are:
Modrá Pyramida's net profit falls 10.5%...
Modrá Pyramida reported a net profit of CZK 248 mil. in 3Q2014, up 10.5% yoy compared to the same period last year. The deterioration was driven purely by a fall in revenue, namely lower net interest income and mainly fee income.
In spite of still impressive profitability (ROE of 12.9% at the end of September), the bank faces challenges on all fronts. Margins remain under pressure, volume growth stays negative and asset quality continues to deteriorate, albeit at a slow pace:
...as revenue suffers under pressure
The quarterly profit deterioration was caused purely by a fall in revenue. A third of the decrease came from lower net interest and two thirds from a decline on the fee side.
With loan volume down nearly 13% yoy compared to last year, a lack of growth and business diversification seems to be increasingly taking its toll.
Modrá Pyramida is not only exposed to the declining industry, but within the building savings banks has been losing its market share the most.
From having nearly 30% of the market at the end of 2001, the bank's market share has now dropped to 15.4%.
Superior asset yield to watch...
Yet, Modrá Pyramida is the most profitable building savings bank measured by ROE and ROA. Despite delivering similar ROE when compared to Stavební Spořitelna České Spořitelny, Modrá Pyramida is twice as profitable on the asset level (ROA). This is due mainly to the hefty overcapitalisation of Modrá Pyramida with CAR at over 20%.
Superior asset yield is the key to the above-average profitability. Modrá Pyramida's assets yielded 4.08% in the last 12 months, compared to the 3.45% sector average.
With half of its assets being placed into the declining loans and the rest into Government bonds (with declining rates), interest income development represents the single biggest risk to watch for in the coming quarters.
...as well as the asset quality development
Although Modrá Pyramida's asset quality is not bad at all (NPL ratio accounts for 4.64% and provision coverage 61%), the numbers are relatively weak within the building society segment.
Modrá Pyramida's cost of risk is by far the lowest on the market (only 25 bp) while loan provisions eat only about 9% of its gross operating profit (roughly half in comparison to the sector).
As Modrá Pyramida's NPLs increased the most within the sector in the last 12 months (absolutely as well as relatively), asset quality development is the second key thing to watch for.
You will find more details about the bank at www.helgilibrary.com/companies
Modrá Pyramida is the second largest building savings bank in the Czech Republic, with a 17.1% share of lending and a 16.5% share of building savings deposits as of the end of 2012. Despite gaining market share over the last two years, the bank’s overall balance sheet momentum remains negative. This is due mainly to the overall saturation of the market,
Read more »Modrá Pyramida is the second largest building savings bank in the Czech Republic, with a 17.1% share of lending and a 16.5% share of building savings deposits as of the end of 2012. Despite gaining market share over the last two years, the bank’s overall balance sheet momentum remains negative. This is due mainly to the overall saturation of the market, ongoing reduction of the government subsidy and migration to mortgage lending. Having said that, Modrá Pyramida remains impressively profitable. In 2012, the bank achieved ROE of 14.2%, which is a remarkable achievement given the fact that the bank’s capital adequacy has been exceeding 20%. Closer cooperation with its owner Komerční Banka following the takeover in 2006 seems to be bearing fruit, so a further tie-up of Pyramida’s sales network with Komerční’s products will be interesting to watch for.
This report offers a summary of the company's performance in 2000-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.
In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector and within the business of building savings.
Modrá Pyramida, fully owned by Komerční Banka, is the second largest building savings bank in the Czech Republic, with a 17.1% share of lending and a 16.5% share of building savings deposits as of the end of 2012.
Despite gaining market share over the last two years, the bank’s
Read more »Modrá Pyramida, fully owned by Komerční Banka, is the second largest building savings bank in the Czech Republic, with a 17.1% share of lending and a 16.5% share of building savings deposits as of the end of 2012.
Despite gaining market share over the last two years, the bank’s overall balance sheet momentum remains negative. Loans declined by 4.3% in 2012, while overall deposits were flat in 2012. This is due mainly to the overall saturation of the market, ongoing reduction of the government subsidy and migration to mortgage lending.
Having said that, Modrá Pyramida remains impressively profitable. In 2012, the bank achieved ROE of 14.2%, which is a remarkable achievement given the fact that the bank’s capital adequacy has been exceeding 20%. Closer cooperation with Komerční Banka following the takeover in 2006 seems to be bearing fruit, so a further tie-up of Pyramida’s sales network with Komerční’s products will be interesting to watch for.
This excel file offers a summary of the company's performance in between 1Q2003-1Q2013, both on the quarterly as well as the annual basis. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the file provides a detailed overview of the bank's market position in the comparison with the overall banking sector as well as the segment of building societies.
Modrá Pyramida, fully owned by Komerční Banka, is the second largest building savings bank in the Czech Republic, with a 17.1% share of lending and a 16.5% share of building savings deposits as of the end of 2012.
Read more »Modrá Pyramida, fully owned by Komerční Banka, is the second largest building savings bank in the Czech Republic, with a 17.1% share of lending and a 16.5% share of building savings deposits as of the end of 2012.
Despite gaining market share over the last two years, the bank’s overall balance sheet momentum remains negative. Loans declined by 4.3% in 2012, while overall deposits were flat in 2012. This is due mainly to the overall saturation of the market, ongoing reduction of the government subsidy and migration to mortgage lending.
Having said that, Modrá Pyramida remains impressively profitable. In 2012, the bank achieved ROE of 14.2%, which is a remarkable achievement given the fact that the bank’s capital adequacy has been exceeding 20%. Closer cooperation with Komerční Banka following the takeover in 2006 seems to be bearing fruit, so a further tie-up of Pyramida’s sales network with Komerční’s products will be interesting to watch for.
This report offers a summary of the company's performance in 2008-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the report provides a detailed overview of the bank's market position in the comparison wi the overall banking sector as well as with other building savings banks.
This report analyses the building savings business in the Czech Republic for the 4Q2012. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the building savings (as well as mortgage lending segment). Also, the report compares profitability and efficiency ratio of the largest player CMSS with the main
Read more »This report analyses the building savings business in the Czech Republic for the 4Q2012. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the building savings (as well as mortgage lending segment). Also, the report compares profitability and efficiency ratio of the largest player CMSS with the main player in the mortgage lending business - Hypotecni Banka to find out how market dominance translates into economies of scale and superior profitability.
The key highlights from 4Q2012 we discuss in this report are:
• The business remains under pressure in spite of its impressive profitability. ROE fell to 15.2% in 2012 and net profit dropped 6% yoy in 4Q
• Lending continues to fall and is losing to mortgages. In 4Q12, the annual decline deepened to 3.3% yoy
• 4Q12 confirmed a recovery in terms of the number of new contracts sold, while deposits grew by a seasonally strong 3.2% qoq
• ČMSS remains the leader, but Raiffeisen grabs most of the growth
This report focuses specifically on development in Modra Pyramida in 4Q2012, the building savings bank of Komercni Banka. The main conclusions are:
Market position
Modrá Pyramida, fully owned by Komerční Banka, is the second largest building savings bank, with a 17.1% share of lending and a 16.5% share of building savings deposits.
The bank gained a market share of approximately 20 bp in loans in 4Q12, twice as much as for the full year 2012, but on the other hand, it lost the most out of all five building savings banks on the deposit side – 55 bp in 4Q12, by our calculation (but gained 5 bp in the full year 2012).
Despite gaining market share over the last two years, the bank’s overall balance sheet momentum remains negative. Loans declined by a further 1.2% qoq in the last quarter and the full-year decline reached 4.3% yoy, while overall deposits dropped 1.7% in 4Q and were flat in 2012.
Profitability
Modrá Pyramida remains impressively profitable in spite of the market slowdown. In 2012, the bank achieved ROE of 14.2%, which is a remarkable achievement given the fact that the bank’s capital adequacy has been exceeding 20%, the highest figure on the market.
When adjusted for surplus of capital (when ROE is adjusted to the building savings market average for each bank), Modrá Pyramida becomes the most profitable building savings bank on the market:
Part of Modrá Pyramida’s superior profitability, however, is helped by a low tax burden. Thanks to its structure of debt securities, the bank’s effective tax rate is 8.5% over the last three years, half of the sector average.
Asset quality
Non-performing loans rose CZK 45 mil, or 3.0%, in 4Q and reached 3.09% of total loans (up from 2.70% at the end of 2011). Provision coverage remains relatively solid at nearly 62%, compared to the 53% of the market.
Cost-efficiency
Similarly to ČMSS, the market leader, Modrá Pyramida seems to be less cost-efficient than the other savings banks. Operating costs accounted for 0.80% of average assets at Modrá Pyramida in 2012, more than the 0.73% seen on the market. On the other hand, Modrá Pyramida’s cost-to-income ratio is better than the market (again, similar to ČMSS).
Being the two strongest lenders on the market (alongside ČMSS), it suggests that lending activity is relatively cost-demanding, but rewarded on the revenue side and in the bank’s bottom line.
Closer cooperation with Komerční Banka following the takeover in 2006 seems to be bearing fruit, so a further tie-up of Pyramida’s sales network with Komerční’s products (and the fees generated from that) will be interesting to watch for in the coming quarters.
This report analyses the building savings business in the Czech Republic for the 4Q2012. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the building savings (as well as mortgage lending segment). Also, the report compares profitability and efficiency ratio of the largest player CMSS with the main
Read more »This report analyses the building savings business in the Czech Republic for the 4Q2012. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the building savings (as well as mortgage lending segment). Also, the report compares profitability and efficiency ratio of the largest player CMSS with the main player in the mortgage lending business - Hypotecni Banka to find out how market dominance translates into economies of scale and superior profitability.
The key highlights from 4Q2012 we discuss in this report are:
• The business remains under pressure in spite of its impressive profitability. ROE fell to 15.2% in 2012 and net profit dropped 6% yoy in 4Q
• Lending continues to fall and is losing to mortgages. In 4Q12, the annual decline deepened to 3.3% yoy
• 4Q12 confirmed a recovery in terms of the number of new contracts sold, while deposits grew by a seasonally strong 3.2% qoq
• ČMSS remains the leader, but Raiffeisen grabs most of the growth
Based on a comparison of 15 banks in the Czech Republic, Komercni Banka produced the highest net profit in the 3Q2018, followed by CSOB and Ceska Sporitelna.
Komercni Banka made a net profit of CZK 4,204 mil, up 12.0% when compared
Read more »Based on a comparison of 15 banks in the Czech Republic, Komercni Banka produced the highest net profit in the 3Q2018, followed by CSOB and Ceska Sporitelna.
Komercni Banka made a net profit of CZK 4,204 mil, up 12.0% when compared to the previous quarter and up 19.2% when compared to the same period of last year. Historically, the bank’s net profit reached an all time high of CZK 4,204 mil in 3Q2018 and an all time low of CZK -1,274 mil in 3Q2000. The average profit in the last five years amounted to CZK 3,434 mil.
The bank generated its shareholders an average return on equity of 13.4% in the last five years with maximum at 17.3% and minimum at 10.6%.
When compared to the nearest peers, CSOB generated a net profit of CZK 4,007 mil with ROE of 18.7% in 3Q2018, Ceska Sporitelna netted CZK 3,976 mil (ROE of 13.7%) and UniCredit Czech Republic announced a net profit of CZK 2,367 mil implying ROE of 13.8%.
You can see all the banks net profit data at Net Profit indicator page or you can download a report on the Czech banks in the report section.
Based on a comparison of 15 banks in the Czech Republic in 3Q2018, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.
Ceska Sporitelna reported total revenues of CZK 10,094 mil, up 10.2%
Read more »Based on a comparison of 15 banks in the Czech Republic in 3Q2018, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.
Ceska Sporitelna reported total revenues of CZK 10,094 mil, up 10.2% when compared to the previous quarter and up 8.79% when compared to the same period of last year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of CZK 12,013 mil in 2Q2009 and an all time low of CZK 4,937 mil in 1Q2001. The average revenue in the last five years amounted to CZK 9,773 mil.
Bank's total revenues accounted for 2.89% of total assets in 3Q2018, up from 2.81% a year earlier.
When compared to the nearest peers, CSOB generated total revenues of CZK 9,333 mil, or 2.42% of assets in 3Q2018, Komercni Banka operated with CZK 8,335 mil total income, or 2.93% revenue margin and UniCredit Czech Republic produced total income worth CZK 4,855 mil, or 2.31% of assets.
You can see all the banks revenues data at Total Revenues indicator page or you can download a report on the Czech banks in the report section.
Based on a comparison of 15 banks in the Czech Republic in 3Q2018, Ceska Sporitelna generated the largest fee income, followed by CSOB and Komercni Banka.
Ceska Sporitelna reported total fee income of CZK 2,075 mil, down 3.60%
Read more »Based on a comparison of 15 banks in the Czech Republic in 3Q2018, Ceska Sporitelna generated the largest fee income, followed by CSOB and Komercni Banka.
Ceska Sporitelna reported total fee income of CZK 2,075 mil, down 3.60% when compared to the previous quarter and down 4.32% when compared to the same period of last year. Historically, the bank’s fee income reached an all time high of CZK 3,220 mil in 4Q2011 and an all time low of CZK 1,384 mil in 1Q2001.
When compared to the nearest peers, CSOB generated total fee income of CZK 1,970 mil, Komercni Banka operated with CZK 1,514 mil fee income and UniCredit Czech Republic produced total fees worth CZK 849 mil.
You can see all the banks fee income data at Fee Income indicator page or you can download a report on the Czech banks in the report section.
Based on a comparison of 15 banks in the Czech Republic in 3Q2018, Hypotecni Banka was the most cost efficient bank, followed by Stavebni Sporitelna Ceske Sporitelny and Fio banka.
Hypotecni Banka's cost to income ratio reached 23.1% in 3Q2018,
Read more »Based on a comparison of 15 banks in the Czech Republic in 3Q2018, Hypotecni Banka was the most cost efficient bank, followed by Stavebni Sporitelna Ceske Sporitelny and Fio banka.
Hypotecni Banka's cost to income ratio reached 23.1% in 3Q2018, down from 23.8% when compared to the previous quarter and up from 19.6% when compared to the same period of last year. Historically, the bank’s costs reached an all time high of 77.0% in 4Q2002 and an all time low of -93.3% in 4Q2000.
When compared to total assets, bank's cost amounted to 1.39% in 3Q2018, down from 0.311% a year earlier.
When compared to the nearest peers, Stavebni Sporitelna Ceske Sporitelny operated in 3Q2018 with a cost to income ratio of 24.7%, Fio banka reached 28.5% and UniCredit Czech Republic some 33.6%.
You can see all the banks cost efficiency data at Costs (As % Of Income) indicator page or you can download a report on the Czech banks in the report section.