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Moneta Stavebni Sporitelna

Moneta Stavebni's net profit rose 5.70% yoy to CZK 165 mil in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna made a net profit of CZK 165 mil in the third quarter of 2022, up 5.7% when compared to the same perio...

Moneta Stavebni's net profit rose 5.70% yoy to CZK 165 mil in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna made a net profit of CZK 165 mil under revenues of CZK 215 mil in the third quarter of 2022, up 5.7% and ...

Moneta Stavebni's employees fell 34.3% yoy to 46.0 in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna employed 46.0 persons in 2022-09-30, down 6.12% when compared to the previous year. Historically, the...

Profit Statement 2019 2020 2021
Net Interest Income CZK mil 796 745 650
Net Fee Income CZK mil 85.0 88.0 155
Other Income CZK mil 232 340 31.8
Total Revenues CZK mil 1,113 1,173 837
Staff Cost CZK mil 296 259 81.4
Operating Profit CZK mil 469 620 556
Provisions CZK mil -73.0 52.0 -125
Net Profit CZK mil 439 458 547
Balance Sheet 2019 2020 2021
Interbank Loans CZK mil 3,361 8,820 4,122
Customer Loans CZK mil 18,395 16,933 16,331
Investments CZK mil 12,938 7,316 ...
Total Assets CZK mil 35,228 33,740 34,427
Shareholders' Equity CZK mil 3,024 2,632 2,337
Interbank Borrowing CZK mil 8.49 9.00 8.30
Customer Deposits CZK mil 31,742 30,827 31,817
Issued Debt Securities CZK mil 0 0 0
Ratios 2019 2020 2021
ROE % 14.2 16.2 22.0
ROA % 1.24 1.33 1.60
Costs (As % Of Assets) % 1.82 1.60 0.823
Costs (As % Of Income) % 57.9 47.1 33.5
Capital Adequacy Ratio % 15.5 14.8 12.0
Net Interest Margin % 2.25 2.16 1.91
Loans (As % Of Deposits) % 58.0 54.9 51.3
NPLs (As % Of Loans) % 3.86 1.67 1.40
Provisions (As % Of NPLs) % 127 175 114
Growth Rates 2019 2020 2021
Total Revenue Growth % 4.86 5.40 -28.7
Operating Cost Growth % 0.335 -14.2 -49.3
Operating Profit Growth % 11.8 32.3 -10.3
Net Profit Growth % 45.5 4.42 19.4
Customer Loan Growth % 2.74 -7.95 -3.55
Total Asset Growth % -0.612 -4.22 2.04
Customer Deposit Growth % 1.00 -2.88 3.21
Shareholders' Equity Growth % -4.47 -13.0 -11.2
Employees 262 118 63.0

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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 2021
income statement                                            
Net Interest Income CZK mil                               599 632 639 747 796    
Total Revenues CZK mil                               730 958 1,005 1,061 1,113    
Operating Profit CZK mil                               198 377 423 419 469    
Net Profit CZK mil                               93.0 215 215 301 439    
balance sheet                                            
Interbank Loans CZK mil                               1,922 527 1,168 1,000 3,361    
Customer Loans CZK mil                               22,467 21,358 20,120 17,905 18,395    
Investments CZK mil                               10,101 11,070 11,318 13,357 12,938   ...
Total Assets CZK mil                               36,904 37,332 36,996 35,445 35,228    
                                               
Shareholders' Equity CZK mil                               3,245 3,435 3,289 3,166 3,024    
Interbank Borrowing CZK mil                               0 10.0 65.5 8.59 8.49    
Customer Deposits CZK mil                               33,333 33,527 32,579 31,427 31,742    
Issued Debt Securities CZK mil                               0 0 0 0 0    
ratios                                            
ROE % ...                             2.93 6.44 6.40 9.34 14.2    
ROA % ...                             0.237 0.579 0.579 0.832 1.24    
Costs (As % Of Assets) % ...                             1.36 1.57 1.56 1.77 1.82    
Costs (As % Of Income) %                               72.9 60.6 57.9 60.5 57.9    
Capital Adequacy Ratio % ... ... ... ...                       18.1 19.0 18.4 17.1 15.5    
Net Interest Margin % ...                             1.53 1.70 1.72 2.06 2.25    
Interest Income (As % Of Revenues) %                               82.1 66.0 63.6 70.4 71.5    
Fee Income (As % Of Revenues) %                               15.5 13.0 13.9 11.2 7.64    
Staff Cost (As % Of Total Cost) %                               34.4 40.4 41.5 41.7 45.9    
Equity (As % Of Assets) %                               8.79 9.20 8.89 8.93 8.58    
Loans (As % Of Deposits) %                               67.4 63.7 61.8 57.0 58.0    
Loans (As % Assets) %                               60.9 57.2 54.4 50.5 52.2    
NPLs (As % Of Loans) %                               3.29 3.65 3.99 7.91 3.86    
Provisions (As % Of NPLs) %                               76.7 85.0 97.4 70.3 127    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                            
Interest Income CZK mil                               1,389 1,323 1,270 1,267 1,275    
Interest Cost CZK mil                               790 691 631 520 479    
Net Interest Income CZK mil                               599 632 639 747 796    
Net Fee Income CZK mil                               113 125 140 119 85.0    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 215    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 130    
Other Income CZK mil                               18.0 201 226 195 232    
Total Revenues CZK mil                               730 958 1,005 1,061 1,113    
Staff Cost CZK mil                               183 235 241 268 296    
Depreciation CZK mil                               89.0 66.0 82.3 78.1 98.3    
Other Cost CZK mil                               260 280 258 296 250    
Operating Cost CZK mil                               532 581 581 642 644    
Operating Profit CZK mil                               198 377 423 419 469    
Provisions CZK mil                               81.0 109 159 86.3 -73.0    
Extra and Other Cost CZK mil                               0 0 0 0 -0.399    
Pre-Tax Profit CZK mil                               117 268 264 333 542    
Tax CZK mil                               24.0 53.0 48.9 31.5 103    
Minorities CZK mil                               0 0 0 0 0    
Net Profit CZK mil                               93.0 215 215 301 439    
Net Profit Avail. to Common CZK mil                               93.0 215 215 301 439    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 587 918 ... ...
growth rates                                            
Net Interest Income Growth % ...                             17.2 5.51 1.18 16.8 6.58    
Net Fee Income Growth % ...                             -19.3 10.6 11.7 -14.5 -28.8    
Total Revenue Growth % ...                             9.28 31.2 4.88 5.63 4.86    
Operating Cost Growth % ...                             11.5 9.21 0.064 10.5 0.335    
Operating Profit Growth % ...                             3.66 90.4 12.3 -0.997 11.8    
Pre-Tax Profit Growth % ...                             2.63 129 -1.43 26.0 62.8    
Net Profit Growth % ...                             3.33 131 0.140 40.0 45.5    
market share                                            
Market Share in Revenues %                               0.419 0.532 0.561 0.557 0.550    
Market Share in Net Profit %                               0.140 0.291 0.286 0.370 0.481    
Market Share in Employees %                               0.586 0.600 0.592 0.628 0.630    
Market Share in Branches %                               0.046 0.049 0.051 0.051 0.053   ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                            
Cash & Cash Equivalents CZK mil                               1,753 3,680 500 228 204    
Interbank Loans CZK mil                               1,922 527 1,168 1,000 3,361    
Customer Loans CZK mil                               22,467 21,358 20,120 17,905 18,395    
Retail Loans CZK mil                               19,849 19,200 18,249 17,382 19,289    
Mortgage Loans CZK mil                               19,849 19,200 18,249 17,382 19,289    
Consumer Loans CZK mil                               0 0 0 0 0    
Corporate Loans CZK mil                               2,566 2,127 1,814 1,577 57.0    
Investments CZK mil                               10,101 11,070 11,318 13,357 12,938   ...
Property and Equipment CZK mil                               81.0 86.0 40.0 33.0 139    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   127 139 116 96.0 107    
Total Assets CZK mil                               36,904 37,332 36,996 35,445 35,228    
                                               
Shareholders' Equity CZK mil                               3,245 3,435 3,289 3,166 3,024    
Of Which Minority Interest CZK mil                               0 0 0 0 0    
Liabilities CZK mil                               33,659 33,897 33,706 32,279 32,204    
Interbank Borrowing CZK mil                               0 10.0 65.5 8.59 8.49    
Customer Deposits CZK mil                               33,333 33,527 32,579 31,427 31,742    
Retail Deposits CZK mil                               32,100 32,079 32,054 30,987 31,726    
Corporate Deposits CZK mil                               653 600 513 440 16.0    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.00   ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 31,740   ...
Issued Debt Securities CZK mil                               0 0 0 0 0    
Other Liabilities CZK mil                               326 360 1,061 844 454    
asset quality                                            
Non-Performing Loans CZK mil                               759 804 835 1,500 746    
Gross Loans CZK mil                               23,049 22,041 20,924 18,959 19,346    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   16,770 16,290 16,058 16,209 16,023    
Total Provisions CZK mil                               582 683 814 1,054 951    
growth rates                                            
Customer Loan Growth % ...                             -5.34 -4.94 -5.80 -11.0 2.74    
Retail Loan Growth % ...                             -4.08 -3.27 -4.95 -4.75 11.0    
Mortgage Loan Growth % ...                             -4.08 -3.27 -4.95 -4.75 11.0    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -14.2 -17.1 -14.7 -13.1 -96.4    
Total Asset Growth % ...                             -10.9 1.16 -0.901 -4.19 -0.612    
Shareholders' Equity Growth % ...                             4.24 5.86 -4.24 -3.76 -4.47    
Customer Deposit Growth % ...                             -11.9 0.582 -2.83 -3.54 1.00    
Retail Deposit Growth % ...                             -12.0 -0.067 -0.077 -3.33 2.39    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -15.5 -8.14 -14.4 -14.2 -96.4    
market share                                            
Market Share in Customer Loans %                               0.807 0.724 0.652 0.542 0.533    
Market Share in Corporate Loans %                               0.279 0.218 0.177 0.146 0.005    
Market Share in Retail Loans %                               0 0 0 0 0    
Market Share in Consumer Loans %                               1.50 1.35 1.19 1.06 1.11    
Market Share in Mortgage Loans %                               2.04 1.82 1.59 1.40 1.45    
Market Share in Total Assets %                               0.665 0.620 0.524 0.483 0.467    
Market Share in Customer Deposits %                               0.947 0.890 0.781 0.707 0.670    
Market Share in Retail Deposits %                               1.58 1.45 1.35 1.21 1.16    
Market Share in Corporate Deposits %                               0.071 0.065 0.052 0.042 0.001    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                             
ROE % ...                             2.93 6.44 6.40 9.34 14.2    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.05 6.70 6.66 9.66 14.7    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.59 8.67 8.87 12.5 18.1    
ROA % ...                             0.237 0.579 0.579 0.832 1.24    
Return on Loans % ...                             0.403 0.981 1.04 1.59 2.42    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.15 2.28 2.62 2.60 2.91    
Costs (As % Of Assets) % ...                             1.36 1.57 1.56 1.77 1.82    
Costs (As % Of Income) %                               72.9 60.6 57.9 60.5 57.9    
Costs (As % Of Loans) % ...                             2.30 2.65 2.80 3.38 3.55    
Costs (As % Of Loans & Deposits) % ...                             0.907 1.05 1.08 1.26 1.30    
Capital Adequacy Ratio % ... ... ... ...                       18.1 19.0 18.4 17.1 15.5    
Tier 1 Ratio % ... ... ... ...                       18.1 19.0 18.4 17.1 15.5    
Net Interest Margin % ...                             1.53 1.70 1.72 2.06 2.25    
Interest Spread % ...                             1.35 1.52 1.55 1.92 2.12    
Asset Yield % ...                             3.55 3.56 3.42 3.50 3.61    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4.22 5.80 6.21 6.58 6.91    
Cost Of Liabilities % ...                             2.20 2.05 1.87 1.58 1.49    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 195 209 ... ...
Interest Income (As % Of Revenues) %                               82.1 66.0 63.6 70.4 71.5    
Fee Income (As % Of Revenues) %                               15.5 13.0 13.9 11.2 7.64    
Other Income (As % Of Revenues) %                               2.47 21.0 22.5 18.4 20.8    
Staff Cost (As % Of Total Cost) %                               34.4 40.4 41.5 41.7 45.9    
Equity (As % Of Assets) %                               8.79 9.20 8.89 8.93 8.58    
Equity (As % Of Loans) %                               14.4 16.1 16.3 17.7 16.4    
Loans (As % Of Deposits) %                               67.4 63.7 61.8 57.0 58.0    
Loans (As % Assets) %                               60.9 57.2 54.4 50.5 52.2    
NPLs (As % Of Loans) %                               3.29 3.65 3.99 7.91 3.86    
Provisions (As % Of NPLs) %                               76.7 85.0 97.4 70.3 127    
Provisions (As % Of Loans) %                               2.59 3.20 4.04 5.89 5.17    
Cost of Provisions (As % Of Loans) % ...                             0.351 0.497 0.768 0.454 -0.402    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                             
Branches                               1.00 1.00 1.00 1.00 1.00    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 16.0 ... ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,600 ... ...
Employees                               241 246 248 263 262    
Employees Per Bank Branch                               241 246 248 263 262    
Cost Per Employee USD per month                               2,649 3,155 3,455 3,881 4,176    
Cost Per Employee (Local Currency) CZK per month                               63,225 79,607 81,072 84,920 94,148    
customer breakdown Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                             
Customers mil                               0.405 0.393 0.384 0.372 0.375    
Number of Accounts mil                               0.405 0.393 0.384 0.372 0.375   ...
Number of Mortgages mil                               0.055 0.054 0.052 0.050 0.048   ...
Average Size of Deposit CZK                               82,263 85,402 84,845 84,545 84,707   ...
Average Size of Mortgage Loan CZK                               360,223 357,506 350,026 344,866 400,952   ...
Accounts (As % of Total Clients) %                               100 100 100 100 100   ...
Mortgages (As % of Total Clients) %                               13.6 13.7 13.6 13.6 12.8   ...
Revenue per Customer (Local Currency) CZK                               1,802 2,440 2,617 2,855 2,970    
Net Profit per Customer (Local Currency) CZK                               230 548 561 811 1,170    
Loan per Customer (Local Currency) CZK                               55,447 54,404 52,398 48,168 49,089    
Deposit per Customer (Local Currency) CZK                               82,263 85,402 84,845 84,545 84,707    
Revenue per Customer USD                               75.5 96.7 112 131 132    
Net Profit per Customer USD                               9.62 21.7 23.9 37.1 51.9    
Loan per Customer USD                               2,234 2,122 2,461 2,144 2,170    
Deposit per Customer USD                               3,314 3,331 3,985 3,763 3,745    

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Moneta Stavebni's npls (as % of loans) fell 32.7% yoy to 1.02% in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's non-performing loans reached 1.02% of total loans at the end of 2022-09-30, down from 1.51% 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 1.02% in 2022-09...

Moneta Stavebni's capital adequacy ratio rose 4.91% yoy to 14.2% in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's capital adequacy ratio reached 14.2% at the end of third quarter of 2022, up from 13.1% 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 11.5% i...

Moneta Stavebni's costs (as % of assets) rose 151% yoy to 0.548% in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's cost to income ratio reached 21.2% in the third quarter of 2022, up from 14.6% 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 8.60...

Moneta Stavebni's corporate loans fell 11.7% yoy to CZK 918 mil in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's loans reached CZK 16,791 mil in the third quarter of 2022, up from CZK 16,719 mil when compared to the previous quarter and up from CZK 16,185 mil when compared to the same period of last year. Historically, the bank’s l...

Moneta Stavebni's mortgage loans rose 3.46% yoy to CZK 15,611 mil in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's mortgage loans reached CZK 15,611 mil in 2022-09-30, up 0.762% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,657 bil in 2022-09-30, up 1.13% when compared to the last year. Moneta Stavebn...

Moneta Stavebni's net interest margin rose 2.80% yoy to 2.03% in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's net interest margin amounted to 2.03% in the third quarter of 2022, down from 2.32% 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 l...

Moneta Stavebni's total revenues rose 30.9% yoy to CZK 272 mil in 2Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna generated total banking revenues of CZK 272 mil in 2022-06-30, up 19.8% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 58,487 mil in 2022-06-30, down 1.22% when compared to...

Moneta Stavebni's customer deposits fell 2.34% yoy to CZK 29,993 mil in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's customer deposits reached CZK 29,993 mil in 2022-09-30, down 2.41% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,417 bil in 2022-09-30, up 1.21% when compared to the last year. Moneta ...

Moneta Stavebni's customer loans rose 2.49% yoy to CZK 16,588 mil in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's customer loans reached CZK 16,588 mil in 2022-09-30, up 0.536% compared to the previous year. Czech banking sector provided customer loans of CZK 4,064 bil in 2022-09-30, up 2.69% when compared to the last year. Moneta Stavebn...

Moneta Stavebni's retail deposits fell 2.30% yoy to CZK 29,736 mil in 3Q2022

By Helgi Analytics - November 27, 2022

Moneta Stavebni Sporitelna's retail deposits reached CZK 29,736 mil in 2022-09-30, down 2.37% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,346 bil in 2022-09-30, up 0.685% when compared to the last year. Moneta Sta...

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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 -0.449% and -1.63% a year on average in the last 10 years. Its loans and deposits have grown by -6.75% and -1.48% a year during that time and loans to deposits ratio reached 51.3% at the end of 2021. The company achieved an average return on equity of 9.98% in the last decade with net profit growing 8.36% a year on average. In terms of operating efficiency, its cost to income ratio reached 33.5% in 2021, compared to 56.5% average in the last decade.

Equity represented 6.79% of total assets or 14.3% of loans at the end of 2021. Moneta Stavebni Sporitelna's non-performing loans were 1.40% of total loans while provisions covered some 114% of NPLs at the end of 2021.