Moravsky Penezni Ustav

MPU's capital adequacy ratio rose 2.63% yoy to 18.0% in 3Q2018

By Helgi Analytics - January 20, 2019

Moravsky Penezni Ustav's capital adequacy ratio reached 18.0% at the end of third quarter of 2018, down from 18.0% when compared ...

MPU's npls (as % of loans) fell 21.3% yoy to 19.1% in 3Q2018

By Helgi Analytics - July 24, 2019

Moravsky Penezni Ustav's non-performing loans reached 19.1% of total loans at the end of 2018-09-30, down from 24.3% compared to ...

MPU's net profit fell 152% yoy to CZK -7.56 mil in 3Q2018

By Helgi Analytics - January 20, 2019

Moravsky Penezni Ustav made a net profit of CZK -7.56 mil in the third quarter of 2018, down 152% when compared to the same perio...

Profit Statement 2015 2016 2017
Net Interest Income CZK mil 360 253 275
Fee Income (As % Of Revenues) % 8.55 9.93 9.26
Other Income CZK mil 22.2 -18.4 -41.3
Total Revenues CZK mil 417 260 257
Staff Cost CZK mil 111 121 111
Operating Profit CZK mil 189 42.9 53.8
Provisions CZK mil 158 31.6 6.77
Net Profit CZK mil 20.2 25.0 47.0
Balance Sheet 2015 2016 2017
Interbank Loans CZK mil 1,573 1,652 1,315
Customer Loans CZK mil 7,452 7,721 7,500
Debt Securities CZK mil 0 0 0
Total Assets CZK mil 10,421 10,747 10,249
Shareholders' Equity CZK mil 1,320 1,743 1,852
Interbank Borrowing CZK mil 0 0 0
Customer Deposits CZK mil 9,009 8,944 8,324
Issued Debt Securities CZK mil 0 0 0
Ratios 2015 2016 2017
ROE % 1.63 1.63 2.61
ROA % 0.201 0.236 0.448
Costs (As % Of Assets) % 2.28 2.05 1.94
Costs (As % Of Income) % 54.7 83.5 79.1
Capital Adequacy Ratio % 12.4 16.4 17.1
Net Interest Margin % 3.58 2.39 2.62
Loans (As % Of Deposits) % 82.7 86.3 90.1
NPLs (As % Of Loans) % 39.4 24.4 26.4
Provisions (As % Of NPLs) % 15.4 12.1 9.95
Growth Rates 2015 2016 2017
Total Revenue Growth % 0.169 -37.6 -1.26
Operating Cost Growth % 2.96 -4.83 -6.50
Operating Profit Growth % -3.01 -77.3 25.3
Net Profit Growth % -33.3 24.0 87.8
Customer Loan Growth % 5.60 3.61 -2.86
Total Asset Growth % 8.01 3.13 -4.64
Customer Deposit Growth % 7.26 -0.718 -6.93
Shareholders' Equity Growth % 13.8 32.1 6.27
Employees 105 104 107

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                    
Net Interest Income CZK mil       273 155 535 378 360    
Total Revenues CZK mil       302 173 613 417 417    
Operating Profit CZK mil       132 68.3 320 195 189    
Net Profit CZK mil       31.1 -3.71 -18.7 30.2 20.2    
balance sheet                    
Interbank Loans CZK mil       853 1,427 721 1,704 1,573    
Customer Loans CZK mil       5,221 6,343 6,544 7,056 7,452    
Debt Securities CZK mil       101 144 52.9 54.1 0    
Total Assets CZK mil       6,861 8,769 8,030 9,648 10,421    
Shareholders' Equity CZK mil       507 575 907 1,160 1,320    
Interbank Borrowing CZK mil       0.004 0 50.2 0 0    
Customer Deposits CZK mil       6,147 7,941 7,070 8,399 9,009    
Issued Debt Securities CZK mil       0 0 0 0 0    
ratios                    
ROE %       6.33 -0.686 -2.53 2.93 1.63    
ROA %       0.494 -0.047 -0.223 0.342 0.201    
Costs (As % Of Assets) %       2.70 1.34 3.49 2.51 2.28    
Costs (As % Of Income) %       56.3 60.5 47.8 53.2 54.7    
Capital Adequacy Ratio %       10.4 9.51 11.5 12.1 12.4    
Net Interest Margin %       4.33 1.99 6.37 4.27 3.58    
Interest Income (As % Of Revenues) %       90.3 89.7 87.3 90.6 86.1    
Fee Income (As % Of Revenues) %       4.34 4.98 6.62 4.47 8.55    
Staff Cost (As % Of Total Cost) %       49.8 46.8 49.6 52.3 48.7    
Equity (As % Of Assets) %       7.38 6.56 11.3 12.0 12.7    
Loans (As % Of Deposits) %       84.9 79.9 92.6 84.0 82.7    
Loans (As % Assets) %       76.1 72.3 81.5 73.1 71.5    
NPLs (As % Of Loans) %       11.0 15.0 32.7 39.0 39.4    
Provisions (As % Of NPLs) %       23.4 25.8 21.3 12.5 15.4    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                    
Interest Income CZK mil       453 285 846 519 519    
Interest Cost CZK mil       180 130 311 141 160    
Net Interest Income CZK mil       273 155 535 378 360    
Net Fee Income CZK mil       13.1 8.63 40.6 18.6 35.7    
Other Income CZK mil       16.0 9.26 37.2 20.6 22.2    
Total Revenues CZK mil       302 173 613 417 417    
Staff Cost CZK mil       84.7 49.1 145 116 111    
Depreciation CZK mil       14.2 7.95 23.2 18.9 17.0    
Other Cost CZK mil       71.1 47.8 125 87.0 100    
Operating Cost CZK mil       170 105 293 222 228    
Operating Profit CZK mil       132 68.3 320 195 189    
Provisions CZK mil       100 74.3 316 144 158    
Extra and Other Cost CZK mil       0.001 -0.011 0.031 0 < -0.001    
Pre-Tax Profit CZK mil       31.8 -5.97 3.52 50.8 31.4    
Tax CZK mil       0.700 -2.26 22.3 20.6 11.2    
Minorities CZK mil       0 0 0.341 0 0    
Net Profit CZK mil       31.1 -3.71 -18.7 30.2 20.2    
growth rates                    
Net Interest Income Growth % ...     52.5 -43.1 245 -29.5 -4.77    
Net Fee Income Growth % ...     75.8 -34.2 370 -54.1 91.6    
Total Revenue Growth % ...     27.6 -42.7 254 -32.0 0.169    
Operating Cost Growth % ...     14.0 -38.3 180 -24.3 2.96    
Operating Profit Growth % ...     50.9 -48.2 368 -39.1 -3.01    
Pre-Tax Profit Growth % ...     -29.6 -119 -159 1,342 -38.2    
Net Profit Growth % ...     -13.0 -112 405 -261 -33.3    
market share                    
Market Share in Revenues %       0.186 0.104 0.365 0.248 0.240    
Market Share in Net Profit %       0.058 ... ... 0.048 0.030    
Market Share in Employees %       0.231 0.244 0.249 0.226 0.255    
Market Share in Branches %       0.098 0.095 0.094 0.141 0.139    
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                    
Cash CZK mil       88.7 212 69.5 178 715    
Interbank Loans CZK mil       853 1,427 721 1,704 1,573    
Customer Loans CZK mil       5,221 6,343 6,544 7,056 7,452    
Retail Loans CZK mil ... ... ... ... ... 977 975 866    
Corporate Loans CZK mil ... ... ... ... ... 5,929 6,599 6,732    
Debt Securities CZK mil       101 144 52.9 54.1 0    
Fixed Assets CZK mil       543 580 572 576 616    
Total Assets CZK mil       6,861 8,769 8,030 9,648 10,421    
Shareholders' Equity CZK mil       507 575 907 1,160 1,320    
Of Which Minority Interest CZK mil ... ...   0 0 0 0 0    
Liabilities CZK mil       6,354 8,194 7,123 8,488 9,101    
Interbank Borrowing CZK mil       0.004 0 50.2 0 0    
Customer Deposits CZK mil       6,147 7,941 7,070 8,399 9,009    
Issued Debt Securities CZK mil       0 0 0 0 0    
Other Liabilities CZK mil       207 254 3.20 88.9 92.6    
asset quality                    
Non-Performing Loans CZK mil       587 992 2,301 2,891 3,127    
Gross Loans CZK mil       5,358 6,599 7,035 7,419 7,934    
Total Provisions CZK mil       137 256 491 363 482    
growth rates                    
Customer Loan Growth % ...     29.5 21.5 3.17 7.82 5.60    
Retail Loan Growth % ... ... ... ... ... ... -0.158 -11.2    
Corporate Loan Growth % ... ... ... ... ... ... 11.3 2.00    
Total Asset Growth % ...     19.6 27.8 -8.43 20.1 8.01    
Shareholders' Equity Growth % ...     6.37 13.5 57.8 27.8 13.8    
Customer Deposit Growth % ...     17.8 29.2 -11.0 18.8 7.26    
market share                    
Market Share in Customer Loans %       0.238 0.282 0.263 0.271 0.268    
Market Share in Corporate Loans % ... ... ... ... ... 0.684 0.755 0.731    
Market Share in Consumer Loans % ... ... ... ... ... 0.083 0.079 0.066    
Market Share in Total Assets %       0.153 0.189 0.156 0.182 0.188    
Market Share in Customer Deposits %       0.228 0.281 0.231 0.244 0.256    
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                    
ROE %       6.33 -0.686 -2.53 2.93 1.63    
ROA %       0.494 -0.047 -0.223 0.342 0.201    
Costs (As % Of Assets) %       2.70 1.34 3.49 2.51 2.28    
Costs (As % Of Income) %       56.3 60.5 47.8 53.2 54.7    
Capital Adequacy Ratio %       10.4 9.51 11.5 12.1 12.4    
Tier 1 Ratio % ... ... ... ... ... 11.1 11.9 12.3    
Net Interest Margin %       4.33 1.99 6.37 4.27 3.58    
Interest Spread % ...     4.09 1.86 6.02 4.06 3.36    
Asset Yield %       7.19 3.65 10.1 5.87 5.18    
Cost Of Liabilities % ...     3.10 1.79 4.06 1.81 1.82    
Interest Income (As % Of Revenues) %       90.3 89.7 87.3 90.6 86.1    
Fee Income (As % Of Revenues) %       4.34 4.98 6.62 4.47 8.55    
Other Income (As % Of Revenues) %       5.31 5.35 6.07 4.94 5.32    
Cost Per Employee USD per month       4,383 2,135 6,252 4,968 3,700    
Cost Per Employee (Local Currency) CZK per month       77,520 41,754 122,327 106,185 88,321    
Staff Cost (As % Of Total Cost) %       49.8 46.8 49.6 52.3 48.7    
Equity (As % Of Assets) %       7.38 6.56 11.3 12.0 12.7    
Loans (As % Of Deposits) %       84.9 79.9 92.6 84.0 82.7    
Loans (As % Assets) %       76.1 72.3 81.5 73.1 71.5    
NPLs (As % Of Loans) %       11.0 15.0 32.7 39.0 39.4    
Provisions (As % Of NPLs) %       23.4 25.8 21.3 12.5 15.4    
Provisions (As % Of Loans) %       2.63 4.03 7.50 5.14 6.47    
Cost of Provisions (As % Of Loans) %       2.17 1.29 4.91 2.12 2.17    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                    
Branches       2.00 2.00 2.00 3.00 3.00    
Employees       91.0 98.0 99.0 91.0 105    
Clients mil       0.009 0.010 0.010 0.011 0.012    

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MPU's customer loans fell 11.6% yoy to CZK 6,520 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Moravsky Penezni Ustav's customer loans reached CZK 6,520 mil in 2018-09-30, down 2.09% compared to the previous year. Czech banking sector provided customer loans of CZK 3,328 bil in 2018-09-30, up 2.94% when compared to the last year. Moravsky Penezni U...

MPU's customer deposits fell 10.4% yoy to CZK 7,439 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Moravsky Penezni Ustav's customer deposits reached CZK 7,439 mil in 2018-09-30, down 6.00% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,501 bil in 2018-09-30, up 1.39% when compared to the last year. Moravsky Pen...

MPU's employees fell 7.14% yoy to 104 in 3Q2018

By Helgi Analytics - July 24, 2019

Moravsky Penezni Ustav employed 104 persons in 2018-09-30, down 4.59% when compared to the previous year. Historically, the bank's workforce hit an all time high of 112 persons in 2017-09-30 and an all time low of 32.0 in 2013-03-31. Average cost reached USD 4,895...

MPU's net interest margin fell 9.05% yoy to 2.36% in 3Q2018

By Helgi Analytics - January 20, 2019

Moravsky Penezni Ustav's net interest margin amounted to 2.36% in the third quarter of 2018, up from 1.97% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 19.2% in 1Q2012 and an all time low of ...

MPU's equity (as % of assets) rose 6.64% yoy to 18.6% in 3Q2018

By Helgi Analytics - October 7, 2019

Moravsky Penezni Ustav's Equity reached of total assets in the 3Q2018, up from % for the previous year. As a share of net customer loans, the ratio amounted to at the end of the third quarter of 2018. ...

MPU's costs (as % of assets) rose 11.0% yoy to 2.28% in 3Q2018

By Helgi Analytics - January 20, 2019

Moravsky Penezni Ustav's cost to income ratio reached 89.3% in the third quarter of 2018, down from 95.7% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 138% of income in 2Q2016 and an all time low of -67.5%...

MPU's net interest income fell 15.2% yoy to CZK 57.6 mil in 3Q2018

By Helgi Analytics - January 20, 2019

Moravsky Penezni Ustav generated total banking revenues of CZK 62.4 mil in the third quarter of 2018, down 11.4% when compared to the same period of last year and up 3.42% when compared to the previous quarter. Historically, the bank’s revenues co...

MPU's Cost of Risk rose 641% yoy to 0.596% in 3Q2018

By Helgi Analytics - August 23, 2019

Moravsky Penezni Ustav's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.596% in the third quarter of 2018, up from -0.111% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 9.46% in 3...

MPU's customer loan growth fell 54.8% yoy to -11.6% in 3Q2018

By Helgi Analytics - July 24, 2019

Moravsky Penezni Ustav's customer loan growth reached -11.6% in 2018-09-30, down from -7.47% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 293% in 2008-12-31 and an all time low of -11.6% in 2018-09-30. I...

MPU's total revenues fell 11.4% yoy to CZK 60.3 mil in 3Q2018

By Helgi Analytics - July 24, 2019

Moravsky Penezni Ustav generated total banking revenues of CZK 60.3 mil in 2018-06-30, down 42.8% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 49,845 mil in 2018-06-30, up 12.2% when compared to th...

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Moravský Peněžní Ústav is one of the largest credit unions in the Czech Republic. The Union has been in operation on the financial market since 1996. From a Company with regional operations, the Union serves more than 10,000 clients throughout the whole Czech Republic with a complete portfolio of products for both individuals and legal entities, including current accounts administration, savings, loan products, or internet banking.

Moravsky Penezni Ustav Logo

Finance

Moravsky Penezni Ustav has been growing its revenues and asset by % and % a year on average in the last 10 years. Its loans and deposits have grown by % and % a year during that time and loans to deposits ratio reached 90.1% at the end of 2017. The company achieved an average return on equity of 2.77% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 79.1% in 2017, compared to 67.6% average in the last decade.

Equity represented 18.1% of total assets or 24.7% of loans at the end of 2017. Moravsky Penezni Ustav's non-performing loans were 26.4% of total loans while provisions covered some 9.95% of NPLs at the end of 2017.