Home » Companies » Modra Pyramida Stavebni Sporitelna

Modra Pyramida Stavebni Sporitelna

Banking > Czech Republic > Modra Pyramida Stavebni Sporitelna

Change Company

Modra Pyramida Stavebni Sporitelna

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

How To Use Video

Buy all financials of Modra Pyramida Stavebni Sporitelna

from $199 /month

Buy annual subscriptions for all our products.

Annual Quarterly

summary

Unit

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	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

balance sheet

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

ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Net Interest Margin	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%

...		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%

Download Data

income statement

Unit

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

income statement

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

growth rates

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

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%	...	...	...

Download Data

balance sheet

Unit

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

balance sheet

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

asset quality

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

growth rates

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%

market share

Market Share in Customer Loans	%
Market Share in Corporate Loans	%
Market Share in Retail Loans	%
Market Share in Consumer Loans	%
Market Share in Mortgage Loans	%
Market Share in Total Assets	%
Market Share in Customer Deposits	%
Market Share in Retail Deposits	%
Market Share in Corporate Deposits	%

...	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%

Download Data

ratios

Unit

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Net Interest Margin	%
Interest Spread	%
Asset Yield	%
Cost Of Liabilities	%
Payout Ratio	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Other Income (As % Of Revenues)	%
Cost Per Employee	USD per month
Cost Per Employee (Local Currency)	CZK per month
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%
Provisions (As % Of Loans)	%
Cost of Provisions (As % Of Loans)	%

...													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%

Download Data

other data

Unit

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

other data

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

Download Data

Comparison of 22 Banks in Czech Republic

January 24, 2019

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

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.

Comparison of 24 Banks in Czech Republic

January 24, 2019

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

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.

The file contains data of following banks:

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

Modra Pyramida Stavebni Sporitelna in Quarterly Numbers

January 20, 2019

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

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.

Modra Pyramida Stavebni Sporitelna in Numbers

September 26, 2018

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

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.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Czech Banking - Analysis of 3Q2014

January 11, 2015

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:

Czech commercial banks announced a net profit of CZK 14,387 mil in the third quarter of the year, up 3.5% compared to the same period last year. In the first nine months of the year, however, the banks' profit dropped 0.8% yoy to CZK 50,258 mil. This implies an annualised ROE of 11.6% for the last 12 months.
Loans grew 0.6% qoq (or 5.2% yoy) in the third quarter. Mortgages still drive the volume growth (creating 90% of the loan growth in the 3rd quarter and 57% ytd) while corporate loans and consumer lending stagnate.
The weak momentum is especially disappointing as the economy picks up. Banks are overcapitalized (CAR at 18%) and have plenty of cheap deposits to play with (with loans accounting for 76% of deposits only).
In addition, asset quality remains of little concern. Non-performing loans account for 6.2% of total loans while half of them are covered by loan provisions.
The trio of the largest banks (Sporitelna, CSOB and Komercni Banka) created 70% of the quarterly profit and 66% of loan growth in the third quarter of the year. Despite losing market share in revenue or overall assets, their market dominance continues. On the other hand, small players finally seem to be challenging the "boring" status quo.

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.

Modrá Pyramida - Analysis of 3Q2014 Performance

January 10, 2015

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

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

MPSS at a Glance

January 31, 2014

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.

Modra Pyramida in Numbers

July 22, 2013

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

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.

Modra Pyramida at a Glance

June 2, 2013

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.

Modra Pyramida - Analysis of Building Savings in 4Q12

May 30, 2013

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

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.

Analysis of Building Savings in 4Q12

May 23, 2013

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

Favorite reports

Gorenje in Numbers Summary of the June 2009 educationtoday Crisis Survey (Feb 2010)Semperit AG Holding in Numbers Lidl Czech republic in Numbers Czech Banking - Analysis of 3Q2014

What Banks in Czechia Were the Most Profitable in 3Q2018?

January 29, 2019

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

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.

What Banks in Czechia Generated the Most Revenues in 3Q2018?

January 29, 2019

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%

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.

What Banks in Czechia Generated the Most Fees in 3Q2018?

January 29, 2019

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%

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.

What Banks in Czechia Were the Most Cost Efficient in 3Q2018?

January 29, 2019

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,

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.

See all charts of the company »

MPSS's corporate loans fell 3.76% to CZK 497 mil in 3Q2018

MPSS's net profit fell 13.0% to CZK 186 mil in 3Q2018

MPSS's net interest margin fell 3.86% to 1.45% in 3Q2018

MPSS's capital adequacy ratio rose 0.345% to 20.4% in 3Q2018

MPSS's costs (as % of assets) rose 3.76% to 0.786% in 3Q2018

MPSS's net interest income fell 2.16% to CZK 291 mil in 3Q2018

MPSS's corporate loans rose 1.00% to CZK 2,500 mil in 2017

MPSS's mortgage loans rose 13.4% to CZK 41,419 mil in 2017

MPSS's corporate loans rose 1.00% to CZK 2,500 mil in 2017