OTP Bank Serbia

OTP Bank Serbia's customer loans rose 237% to RSD 108,271 mil in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia's customer loans reached RSD 108,271 mil in 2017, up 237% compared to the previous year. Serbian banking sector...

OTP Bank Serbia's customer deposits rose 320% to RSD 132,239 mil in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia's customer deposits reached RSD 132,239 mil in 2017, up 320% compared to the previous year. Serbian banking sec...

OTP Bank Serbia's total revenues rose 210% to RSD 10,631 mil in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia generated total banking revenues of RSD 10,631 mil in 2017, up 210% compared to the previous year. Serbian...

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 2,392 2,171 2,699
Fee Income (As % Of Revenues) % 21.1 21.2 8.58
Other Income RSD mil 364 533 7,020
Total Revenues RSD mil 3,495 3,433 10,631
Staff Cost RSD mil 1,071 1,076 1,259
Operating Profit RSD mil 554 509 6,667
Provisions RSD mil 470 307 845
Net Profit RSD mil 87.3 214 5,865
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 3,263 2,015 10,673
Customer Loans RSD mil 29,025 32,096 108,271
Debt Securities RSD mil 1,825 3,239 21,048
Total Assets RSD mil 45,144 47,838 188,657
Shareholders' Equity RSD mil 12,496 12,730 33,544
Interbank Borrowing RSD mil 2,220 1,897 18,816
Customer Deposits RSD mil 28,451 31,468 132,239
Issued Debt Securities RSD mil 983 997 957
Ratios 2015 2016 2017
ROE % 0.701 1.70 25.3
ROA % 0.203 0.461 4.96
Costs (As % Of Assets) % 6.85 6.29 3.35
Costs (As % Of Income) % 84.2 85.2 37.3
Net Interest Margin % 5.57 4.67 2.28
Loans (As % Of Deposits) % 102 102 81.9
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.37 -1.78 210
Operating Cost Growth % 8.67 -0.575 35.5
Operating Profit Growth % -25.3 -8.17 1,211
Net Profit Growth % -18.9 146 2,636
Customer Loan Growth % 16.3 10.6 237
Total Asset Growth % 10.9 5.97 294
Customer Deposit Growth % 9.73 10.6 320
Shareholders' Equity Growth % 0.707 1.87 163
Employees 633 611 2,103

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                              
Net Interest Income RSD mil                 645 1,152 1,589 2,397 2,392    
Total Revenues RSD mil                 1,519 1,984 2,546 3,448 3,495    
Operating Profit RSD mil                 -775 -1,091 -129 741 554    
Net Profit RSD mil                 -1,261 -1,237 -4,652 108 87.3    
balance sheet                              
Interbank Loans RSD mil                 9,918 14,787 2,589 3,023 3,263    
Customer Loans RSD mil                 22,987 24,560 20,740 24,951 29,025    
Debt Securities RSD mil                 1,941 1,818 1,872 3,988 1,825    
Total Assets RSD mil                 38,248 46,232 31,879 40,704 45,144    
Shareholders' Equity RSD mil                 9,136 10,119 9,993 12,409 12,496    
Interbank Borrowing RSD mil                 681 1,346 1,282 569 2,220    
Customer Deposits RSD mil                 11,979 18,594 16,340 25,928 28,451    
Issued Debt Securities RSD mil                 0 0 0 978 983    
ratios                              
ROE %                 -15.9 -12.9 -46.3 0.960 0.701    
ROA %                 -3.12 -2.93 -11.9 0.296 0.203    
Costs (As % Of Assets) %                 5.67 7.28 6.85 7.46 6.85    
Costs (As % Of Income) %                 151 155 105 78.5 84.2    
Net Interest Margin %                 1.59 2.73 4.07 6.61 5.57    
Interest Income (As % Of Revenues) %                 42.4 58.1 62.4 69.5 68.4    
Fee Income (As % Of Revenues) %                 45.0 31.6 25.4 20.5 21.1    
Staff Cost (As % Of Total Cost) % ... ... ... ... ...       38.9 32.0 39.7 39.8 36.4    
Equity (As % Of Assets) %                 23.9 21.9 31.3 30.5 27.7    
Loans (As % Of Deposits) %                 192 132 127 96.2 102    
Loans (As % Assets) %                 60.1 53.1 65.1 61.3 64.3    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                              
Interest Income RSD mil                 1,973 2,260 2,453 2,819 2,751    
Interest Cost RSD mil                 1,328 1,108 864 421 359    
Net Interest Income RSD mil                 645 1,152 1,589 2,397 2,392    
Net Fee Income RSD mil                 684 628 646 705 739    
Other Income RSD mil                 191 204 312 345 364    
Total Revenues RSD mil                 1,519 1,984 2,546 3,448 3,495    
Staff Cost RSD mil ... ... ... ... ...       891 983 1,062 1,078 1,071    
Depreciation RSD mil ... ... ... ... ...       281 261 251 244 233    
Other Cost RSD mil ... ... ... ... ...       1,122 1,830 1,362 1,385 1,638    
Operating Cost RSD mil                 2,294 3,074 2,676 2,707 2,942    
Operating Profit RSD mil                 -775 -1,091 -129 741 554    
Provisions RSD mil                 486 147 4,523 636 470    
Extra and Other Cost RSD mil                 0 0 0 < 0.001 < -0.001    
Pre-Tax Profit RSD mil                 -1,261 -1,237 -4,652 106 83.8    
Tax RSD mil                 0 0 0 -1.74 -3.49    
Minorities RSD mil                 0 0 0 0 0    
Net Profit RSD mil                 -1,261 -1,237 -4,652 108 87.3    
growth rates                              
Net Interest Income Growth % ...               -32.7 78.7 38.0 50.9 -0.220    
Net Fee Income Growth % ...               8.28 -8.29 2.90 9.25 4.75    
Total Revenue Growth % ...               -15.2 30.6 28.4 35.4 1.37    
Operating Cost Growth % ...               -2.92 34.0 -13.0 1.18 8.67    
Operating Profit Growth % ...               35.8 40.8 -88.2 -674 -25.3    
Pre-Tax Profit Growth % ...               -49.7 -1.87 276 -102 -20.8    
Net Profit Growth % ...     ... ... ...     -49.7 -1.87 276 -102 -18.9    
market share                              
Market Share in Revenues %                 0.922 1.17 1.57 1.97 1.90    
Market Share in Net Profit % ... ...         ... ... ... ... ... 4.72 1.17    
Market Share in Employees % ... ... ... ...         2.22 2.32 2.51 2.56 2.61    
Market Share in Branches % ... ... ... ...         2.18 2.27 2.56 2.85 3.24    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                              
Cash RSD mil                 1,531 2,525 3,408 6,176 8,581    
Interbank Loans RSD mil                 9,918 14,787 2,589 3,023 3,263    
Customer Loans RSD mil                 22,987 24,560 20,740 24,951 29,025    
Debt Securities RSD mil                 1,941 1,818 1,872 3,988 1,825    
Fixed Assets RSD mil                 2,052 1,897 1,923 1,847 1,886    
Total Assets RSD mil                 38,248 46,232 31,879 40,704 45,144    
Shareholders' Equity RSD mil                 9,136 10,119 9,993 12,409 12,496    
Of Which Minority Interest RSD mil ... ... ...           0 0 0 0 0    
Liabilities RSD mil                 29,112 36,113 21,886 28,296 32,648    
Interbank Borrowing RSD mil                 681 1,346 1,282 569 2,220    
Customer Deposits RSD mil                 11,979 18,594 16,340 25,928 28,451    
Issued Debt Securities RSD mil                 0 0 0 978 983    
Other Liabilities RSD mil                 16,451 16,173 4,265 821 994    
growth rates                              
Customer Loan Growth % ...               -17.9 6.84 -15.6 20.3 16.3    
Total Asset Growth % ...               -10.3 20.9 -31.0 27.7 10.9    
Shareholders' Equity Growth % ...               35.2 10.8 -1.24 24.2 0.707    
Customer Deposit Growth % ...               -35.0 55.2 -12.1 58.7 9.73    
market share                              
Market Share in Customer Loans %                 1.16 1.09 0.939 1.05 1.15    
Market Share in Total Assets %                 1.32 1.46 1.01 1.23 1.32    
Market Share in Customer Deposits %                 0.864 1.21 1.02 1.51 1.55    
ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                              
ROE %                 -15.9 -12.9 -46.3 0.960 0.701    
ROA %                 -3.12 -2.93 -11.9 0.296 0.203    
Costs (As % Of Assets) %                 5.67 7.28 6.85 7.46 6.85    
Costs (As % Of Income) %                 151 155 105 78.5 84.2    
Net Interest Margin %                 1.59 2.73 4.07 6.61 5.57    
Interest Spread % ...               0.791 1.95 3.30 6.09 5.23    
Asset Yield %                 4.88 5.35 6.28 7.77 6.41    
Cost Of Liabilities % ...               4.09 3.40 2.98 1.68 1.18    
Interest Income (As % Of Revenues) %                 42.4 58.1 62.4 69.5 68.4    
Fee Income (As % Of Revenues) %                 45.0 31.6 25.4 20.5 21.1    
Other Income (As % Of Revenues) %                 12.5 10.3 12.2 10.0 10.4    
Cost Per Employee USD per month ... ... ... ... ...       1,560 1,413 1,569 1,529 1,336    
Cost Per Employee (Local Currency) RSD per month ... ... ... ... ...       114,463 124,273 133,626 139,995 141,162    
Staff Cost (As % Of Total Cost) % ... ... ... ... ...       38.9 32.0 39.7 39.8 36.4    
Equity (As % Of Assets) %                 23.9 21.9 31.3 30.5 27.7    
Loans (As % Of Deposits) %                 192 132 127 96.2 102    
Loans (As % Assets) %                 60.1 53.1 65.1 61.3 64.3    
Cost of Provisions (As % Of Loans) %                 1.91 0.617 20.0 2.78 1.74    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                              
Branches ... ... ... ...         52.0 51.0 51.0 51.0 56.0    
Employees ... ... ... ...         649 660 663 642 633    
ATMs ... ... ... ...         162 151 119 121 128    

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OTP Bank Serbia's employees rose 244% to 2,103 in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia employed 2,103 persons in 2017, up 244% when compared to the previous year. Historically, the bank's workforce hit an all time high of 2,103 persons in 2017 and an all time low of 611 in 2016. Average cost reached USD 463 per month per employee, ...

OTP Bank Serbia's branches rose 202% to 157 in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia employed 2,103 persons in 2017, up 244% compared to the previous year. Historically, the bank's workforce hit an all time high of 2,103 persons in 2017 and an all time low of 611 in 2016. The bank operated a network of 157 branches and 254 ...

OTP Bank Serbia's net profit rose 2,636% to RSD 5,865 mil in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia made a net profit of RSD 5,865 mil under revenues of RSD 10,631 mil in 2017, up 2636% and 210% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RSD 5,865 mil in 2017 and an all time low of RSD...

OTP Bank Serbia's net interest margin fell 51.1% to 2.28% in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia's net interest margin amounted to 2.28% in 2017, down from 4.67% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.6% in 2005 and an all time low of 1.59% in 2011. The average marg...

OTP Bank Serbia's costs (as % of assets) fell 46.7% to 3.35% in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia's cost to income ratio reached 37.3% in 2017, down from 85.2% compared to the previous year. Historically, the bank’s costs reached an all time high of 155% of income in 2012 and an all time low of 37.3% in 2017. When compared to total asse...

OTP Bank Serbia's net interest income rose 24.3% to RSD 2,699 mil in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia generated total banking revenues of RSD 10,631 mil in 2017, up 210% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RSD 10,631 mil in 2017 and...

OTP Bank Serbia's customer loan growth rose 2,143% to 237% in 2017

By Helgi Analytics - September 18, 2018

OTP Bank Serbia's customer loan growth reached 237% in 2017, up from 10.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 237% in 2017 and an all time low of -17.9% in 2011. In the last decade, the average...

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Finance

OTP Bank Serbia has been growing its revenues and asset by 45.5% and 66.7% a year on average in the last 3 years. Its loans and deposits have grown by 63.1% and 72.1% a year during that time and loans to deposits ratio reached 81.9% at the end of 2017. The company achieved an average return on equity of 9.25% in the last three years with net profit growing 279% a year on average. In terms of operating efficiency, its cost to income ratio reached 37.3% in 2017, compared to 68.9% average in the last three years.

Equity represented 17.8% of total assets or 31.0% of loans at the end of 2017. OTP Bank Serbia's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.