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Moneta Stavebni Sporitelna

Moneta Stavebni's net profit fell 2.85% yoy to CZK 156 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna made a net profit of CZK 156 mil in the third quarter of 2021, down 2.85% when compared to the same pe...

Moneta Stavebni's net profit fell 2.85% yoy to CZK 156 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna made a net profit of CZK 156 mil under revenues of CZK 213 mil in the third quarter of 2021, down 2.85% an...

Moneta Stavebni's employees fell 50.0% yoy to 70.0 in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna employed 70.0 persons in 2021-09-30, down 6.67% when compared to the previous year. Historically, the...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 747 796 745
Net Fee Income CZK mil 119 85.0 88.0
Other Income CZK mil 195 232 340
Total Revenues CZK mil 1,061 1,113 1,173
Staff Cost CZK mil 268 296 259
Operating Profit CZK mil 419 469 620
Provisions CZK mil 86.3 -73.0 52.0
Net Profit CZK mil 301 439 458
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 1,000 3,361 8,820
Customer Loans CZK mil 17,905 18,395 16,933
Investments CZK mil 13,357 12,938 7,316
Total Assets CZK mil 35,445 35,228 33,740
Shareholders' Equity CZK mil 3,166 3,024 2,632
Interbank Borrowing CZK mil 8.59 8.49 9.00
Customer Deposits CZK mil 31,427 31,742 30,827
Issued Debt Securities CZK mil 0 0 0
Ratios 2018 2019 2020
ROE % 9.34 14.2 16.2
ROA % 0.832 1.24 1.33
Costs (As % Of Assets) % 1.77 1.82 1.60
Costs (As % Of Income) % 60.5 57.9 47.1
Capital Adequacy Ratio % 17.1 15.5 14.8
Net Interest Margin % 2.06 2.25 2.16
Loans (As % Of Deposits) % 57.0 58.0 54.9
NPLs (As % Of Loans) % 7.91 3.86 4.23
Provisions (As % Of NPLs) % 70.3 127 69.0
Growth Rates 2018 2019 2020
Total Revenue Growth % 5.63 4.86 5.40
Operating Cost Growth % 10.5 0.335 -14.2
Operating Profit Growth % -0.997 11.8 32.3
Net Profit Growth % 40.0 45.5 4.42
Customer Loan Growth % -11.0 2.74 -7.95
Total Asset Growth % -4.19 -0.612 -4.22
Customer Deposit Growth % -3.54 1.00 -2.88
Shareholders' Equity Growth % -3.76 -4.47 -13.0
Employees 263 262 118

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summary Unit 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                             511 599 632 639 747    
Total Revenues CZK mil                             668 730 958 1,005 1,061    
Operating Profit CZK mil                             191 198 377 423 419    
Net Profit CZK mil                             90.0 93.0 215 215 301    
balance sheet                                          
Interbank Loans CZK mil                             2,769 1,922 527 1,168 1,000    
Customer Loans CZK mil                             23,735 22,467 21,358 20,120 17,905    
Investments CZK mil                             10,756 10,101 11,070 11,318 13,357    
Total Assets CZK mil                             41,413 36,904 37,332 36,996 35,445    
                                             
Shareholders' Equity CZK mil                             3,113 3,245 3,435 3,289 3,166    
Interbank Borrowing CZK mil                             11.0 0 10.0 65.5 8.59    
Customer Deposits CZK mil                             37,834 33,333 33,527 32,579 31,427    
Issued Debt Securities CZK mil                             106 0 0 0 0    
ratios                                          
ROE % ...                           2.97 2.93 6.44 6.40 9.34    
ROA % ...                           0.213 0.237 0.579 0.579 0.832    
Costs (As % Of Assets) % ...                           1.13 1.36 1.57 1.56 1.77    
Costs (As % Of Income) %                             71.4 72.9 60.6 57.9 60.5    
Capital Adequacy Ratio % ... ... ... ...                     15.7 18.1 19.0 18.4 17.1    
Net Interest Margin % ...                           1.21 1.53 1.70 1.72 2.06    
Interest Income (As % Of Revenues) %                             76.5 82.1 66.0 63.6 70.4    
Fee Income (As % Of Revenues) %                             21.0 15.5 13.0 13.9 11.2    
Staff Cost (As % Of Total Cost) %                             36.1 34.4 40.4 41.5 41.7    
Equity (As % Of Assets) %                             7.52 8.79 9.20 8.89 8.93    
Loans (As % Of Deposits) %                             62.7 67.4 63.7 61.8 57.0    
Loans (As % Assets) %                             57.3 60.9 57.2 54.4 50.5    
NPLs (As % Of Loans) %                             3.16 3.29 3.65 3.99 7.91    
Provisions (As % Of NPLs) %                             70.2 76.7 85.0 97.4 70.3    
income statement Unit 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                             1,474 1,389 1,323 1,270 1,267    
Interest Cost CZK mil                             963 790 691 631 520    
Net Interest Income CZK mil                             511 599 632 639 747    
Net Fee Income CZK mil                             140 113 125 140 119    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                             17.0 18.0 201 226 195    
Total Revenues CZK mil                             668 730 958 1,005 1,061    
Staff Cost CZK mil                             172 183 235 241 268    
Depreciation CZK mil                             54.0 89.0 66.0 82.3 78.1    
Other Cost CZK mil                             251 260 280 258 296    
Operating Cost CZK mil                             477 532 581 581 642    
Operating Profit CZK mil                             191 198 377 423 419    
Provisions CZK mil                             77.0 81.0 109 159 86.3    
Extra and Other Cost CZK mil                             0 0 0 0 0    
Pre-Tax Profit CZK mil                             114 117 268 264 333    
Tax CZK mil                             24.0 24.0 53.0 48.9 31.5    
Minorities CZK mil                             0 0 0 0 0    
Net Profit CZK mil                             90.0 93.0 215 215 301    
Net Profit Avail. to Common CZK mil                             90.0 93.0 215 215 301    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 587   ...
growth rates                                          
Net Interest Income Growth % ...                           -15.4 17.2 5.51 1.18 16.8    
Net Fee Income Growth % ...                           -44.9 -19.3 10.6 11.7 -14.5    
Total Revenue Growth % ...                           -23.5 9.28 31.2 4.88 5.63    
Operating Cost Growth % ...                           -3.83 11.5 9.21 0.064 10.5    
Operating Profit Growth % ...                           -49.3 3.66 90.4 12.3 -0.997    
Pre-Tax Profit Growth % ...                           -65.5 2.63 129 -1.43 26.0    
Net Profit Growth % ...                           -66.3 3.33 131 0.140 40.0    
market share                                          
Market Share in Revenues %                             0.398 0.419 0.532 0.561 0.557 ... ...
Market Share in Net Profit %                             0.143 0.140 0.292 0.286 0.370 ... ...
Market Share in Employees %                             0.788 0.586 0.600 0.592 0.628 ... ...
Market Share in Branches %                             0.045 0.046 0.049 0.051 0.051 ... ...
balance sheet Unit 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                             3,328 1,753 3,680 500 228    
Interbank Loans CZK mil                             2,769 1,922 527 1,168 1,000    
Customer Loans CZK mil                             23,735 22,467 21,358 20,120 17,905    
Retail Loans CZK mil                             20,694 19,849 19,200 18,249 17,382    
Mortgage Loans CZK mil                             20,694 19,849 19,200 18,249 17,382    
Consumer Loans CZK mil                             0 0 0 0 0    
Corporate Loans CZK mil                             2,992 2,566 2,127 1,814 1,577    
Investments CZK mil                             10,756 10,101 11,070 11,318 13,357    
Property and Equipment CZK mil                             110 81.0 86.0 40.0 33.0    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 135 127 139 116 96.0    
Total Assets CZK mil                             41,413 36,904 37,332 36,996 35,445    
                                             
Shareholders' Equity CZK mil                             3,113 3,245 3,435 3,289 3,166    
Of Which Minority Interest CZK mil                             0 0 0 0 0    
Liabilities CZK mil                             38,300 33,659 33,897 33,706 32,279    
Interbank Borrowing CZK mil                             11.0 0 10.0 65.5 8.59    
Customer Deposits CZK mil                             37,834 33,333 33,527 32,579 31,427    
Retail Deposits CZK mil                             36,495 32,100 32,079 32,054 30,987    
Corporate Deposits CZK mil                             773 653 600 513 440    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issued Debt Securities CZK mil                             106 0 0 0 0    
Other Liabilities CZK mil                             349 326 360 1,061 844    
asset quality                                          
Non-Performing Loans CZK mil                             768 759 804 835 1,500    
Gross Loans CZK mil                             24,274 23,049 22,041 20,924 18,959    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 17,789 16,770 16,290 16,058 16,209    
Total Provisions CZK mil                             539 582 683 814 1,054    
growth rates                                          
Customer Loan Growth % ...                           -8.18 -5.34 -4.94 -5.80 -11.0    
Retail Loan Growth % ...                           -19.9 -4.08 -3.27 -4.95 -4.75    
Mortgage Loan Growth % ...                           -19.9 -4.08 -3.27 -4.95 -4.75    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -14.2 -17.1 -14.7 -13.1    
Total Asset Growth % ...                           -3.73 -10.9 1.16 -0.901 -4.19    
Shareholders' Equity Growth % ...                           5.31 4.24 5.86 -4.24 -3.76    
Customer Deposit Growth % ...                           -4.46 -11.9 0.582 -2.83 -3.54    
Retail Deposit Growth % ...                           -7.85 -12.0 -0.067 -0.077 -3.33    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -15.5 -8.14 -14.4 -14.2    
market share                                          
Market Share in Customer Loans %                             0.901 0.807 0.724 0.652 0.542    
Market Share in Corporate Loans %                             0.342 0.279 0.218 0.177 0.146    
Market Share in Retail Loans %                             0 0 0 0 0    
Market Share in Consumer Loans %                             1.68 1.50 1.35 1.19 1.06    
Market Share in Mortgage Loans %                             2.30 2.04 1.82 1.59 1.40    
Market Share in Total Assets %                             0.769 0.665 0.620 0.524 0.483    
Market Share in Customer Deposits %                             1.10 0.947 0.890 0.781 0.707    
Market Share in Retail Deposits %                             1.90 1.58 1.45 1.35 1.21    
Market Share in Corporate Deposits %                             0.092 0.071 0.065 0.052 0.042    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
ROE % ...                           2.97 2.93 6.44 6.40 9.34    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.05 6.70 6.66 9.66    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.59 8.67 8.87 12.5    
ROA % ...                           0.213 0.237 0.579 0.579 0.832    
Return on Loans % ...                           0.363 0.403 0.981 1.04 1.59    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.15 2.28 2.62 2.60    
Costs (As % Of Assets) % ...                           1.13 1.36 1.57 1.56 1.77    
Costs (As % Of Income) %                             71.4 72.9 60.6 57.9 60.5    
Costs (As % Of Loans) % ...                           1.92 2.30 2.65 2.80 3.38    
Costs (As % Of Loans & Deposits) % ...                           0.751 0.907 1.05 1.08 1.26    
Capital Adequacy Ratio % ... ... ... ...                     15.7 18.1 19.0 18.4 17.1    
Tier 1 Ratio % ... ... ... ...                     15.7 18.1 19.0 18.4 17.1    
Net Interest Margin % ...                           1.21 1.53 1.70 1.72 2.06    
Interest Spread % ...                           1.03 1.35 1.52 1.55 1.92    
Asset Yield % ...                           3.49 3.55 3.56 3.42 3.50    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4.22 5.80 6.21 6.58    
Cost Of Liabilities % ...                           2.46 2.20 2.05 1.87 1.58    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 195   ...
Interest Income (As % Of Revenues) %                             76.5 82.1 66.0 63.6 70.4    
Fee Income (As % Of Revenues) %                             21.0 15.5 13.0 13.9 11.2    
Other Income (As % Of Revenues) %                             2.54 2.47 21.0 22.5 18.4    
Staff Cost (As % Of Total Cost) %                             36.1 34.4 40.4 41.5 41.7    
Equity (As % Of Assets) %                             7.52 8.79 9.20 8.89 8.93    
Equity (As % Of Loans) %                             13.1 14.4 16.1 16.3 17.7    
Loans (As % Of Deposits) %                             62.7 67.4 63.7 61.8 57.0    
Loans (As % Assets) %                             57.3 60.9 57.2 54.4 50.5    
NPLs (As % Of Loans) %                             3.16 3.29 3.65 3.99 7.91    
Provisions (As % Of NPLs) %                             70.2 76.7 85.0 97.4 70.3    
Provisions (As % Of Loans) %                             2.27 2.59 3.20 4.04 5.89    
Cost of Provisions (As % Of Loans) % ...                           0.311 0.351 0.497 0.768 0.454    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Branches                             1.00 1.00 1.00 1.00 1.00    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Employees                             318 241 246 248 263    
Employees Per Bank Branch                             318 241 246 248 263    
Cost Per Employee USD per month                             2,109 2,649 3,155 3,455 3,881    
Cost Per Employee (Local Currency) CZK per month                             45,073 63,225 79,607 81,072 84,920    
customer breakdown Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Customers mil                             0.438 0.405 0.393 0.384 0.372    
Number of Accounts mil                             0.438 0.405 0.393 0.384 0.372    
Number of Mortgages mil                             0.058 0.055 0.054 0.052 0.050    
Average Size of Deposit CZK                             86,472 82,263 85,402 84,845 84,545    
Average Size of Mortgage Loan CZK                             358,530 360,223 357,506 350,026 344,866    
Accounts (As % of Total Clients) %                             100 100 100 100 100    
Mortgages (As % of Total Clients) %                             13.2 13.6 13.7 13.6 13.6    
Revenue per Customer (Local Currency) CZK                             1,527 1,802 2,440 2,617 2,855    
Net Profit per Customer (Local Currency) CZK                             206 230 548 561 811    
Loan per Customer (Local Currency) CZK                             54,248 55,447 54,404 52,398 48,168    
Deposit per Customer (Local Currency) CZK                             86,472 82,263 85,402 84,845 84,545    
Revenue per Customer USD                             71.4 75.5 96.7 112 131    
Net Profit per Customer USD                             9.62 9.62 21.7 23.9 37.1    
Loan per Customer USD                             2,367 2,234 2,122 2,461 2,144    
Deposit per Customer USD                             3,774 3,314 3,331 3,985 3,763    

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Moneta Stavebni's capital adequacy ratio fell 35.7% yoy to 11.4% in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's capital adequacy ratio reached 11.4% at the end of third quarter of 2021, up from 10.7% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 19.5% in 2Q2016 and an all time low of 10.7% i...

Moneta Stavebni's npls (as % of loans) fell 64.0% yoy to 1.62% in 1Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's non-performing loans reached 1.62% of total loans at the end of 2021-03-31, down from 4.51% compared to the previous year. Historically, the NPL ratio hit an all time high of 8.26% in 2018-09-30 and an all time low of 1.62% in 2021-03...

Moneta Stavebni's costs (as % of assets) fell 81.0% yoy to 0.218% in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's cost to income ratio reached 8.60% in the third quarter of 2021, down from 29.7% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 124% of income in 4Q2008 and an all time low of 8....

Moneta Stavebni's corporate loans fell 15.1% yoy to CZK 1,039 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's loans reached CZK 16,185 mil in the third quarter of 2021, down from CZK 16,295 mil when compared to the previous quarter and down from CZK 17,277 mil when compared to the same period of last year. Historically, the bank...

Moneta Stavebni's mortgage loans fell 6.00% yoy to CZK 15,089 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's mortgage loans reached CZK 15,089 mil in 2021-09-30, down 0.357% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,551 bil in 2021-09-30, up 3.03% when compared to the last year. Moneta Stave...

Moneta Stavebni's net interest margin fell 9.64% yoy to 1.98% in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's net interest margin amounted to 1.98% in the third quarter of 2021, up from 1.90% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.02% in 3Q2005 and an all time low...

Moneta Stavebni's total revenues rose 134% yoy to CZK 213 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna generated total banking revenues of CZK 213 mil in 2021-09-30, up 2.56% 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 compared to...

Moneta Stavebni's customer deposits rose 2.56% yoy to CZK 30,711 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's customer deposits reached CZK 30,711 mil in 2021-09-30, down 1.53% 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. Moneta ...

Moneta Stavebni's customer loans fell 2.17% yoy to CZK 16,185 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's customer loans reached CZK 16,185 mil in 2021-09-30, down 0.678% compared to the previous year. Czech banking sector provided customer loans of CZK 3,777 bil in 2021-09-30, up 2.04% when compared to the last year. Moneta Stave...

Moneta Stavebni's retail deposits rose 2.71% yoy to CZK 30,436 mil in 3Q2021

By Helgi Analytics - March 5, 2022

Moneta Stavebni Sporitelna's retail deposits reached CZK 30,436 mil in 2021-09-30, down 1.53% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,258 bil in 2021-09-30, up 1.01% when compared to the last year. Moneta Stav...

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Moneta Stavební Spořitelna is the Czech Republic's smallest building savings bank. In 2012, the bank held a 10.5% share of building savings loans and 8.7% of deposits. Partly because of its small size (and limited economies of scale and synergies with a would-be commercial bank on the Czech market) and its conservative approach (the bank has the best loan quality and provision coverage), the bank is traditionally the least profitable building savings bank on the market. In 2012, the bank achieved ROE of “only” 9.7%, compared to the 15.2% of the 5-building savings banks average. Size matters and the lack of economies of scale is reflected in Wüstenrot’s low cost efficiency. In 2012, the bank’s operating costs accounted for 1.27% of average assets, nearly twice as much as the other savings banks.

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Finance

Moneta Stavebni Sporitelna has been growing its revenues and asset by 3.48% and -1.56% a year on average in the last 10 years. Its loans and deposits have grown by -6.16% and -1.53% a year during that time and loans to deposits ratio reached 54.9% at the end of 2020. The company achieved an average return on equity of 8.85% in the last decade with net profit growing 5.47% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.1% in 2020, compared to 58.9% average in the last decade.

Equity represented 7.80% of total assets or 15.5% of loans at the end of 2020. Moneta Stavebni Sporitelna's non-performing loans were 4.23% of total loans while provisions covered some 69.0% of NPLs at the end of 2020.