Partner Banka

Partner Banka's customer deposits rose 11.3% to HRK 1,354 mil in 2017

By Helgi Analytics - August 11, 2018

Partner Banka's customer deposits reached HRK 1,354 mil in 2017, up 11.3% compared to the previous year. Croatian banking secto...

Partner Banka's retail deposits rose 4.69% to HRK 867 mil in 2017

By Helgi Analytics - August 11, 2018

Partner Banka's retail deposits reached HRK 867 mil in 2017, up 4.69% compared to the previous year. Croatian banking sector ac...

Partner Banka's net interest margin fell 3.02% to 2.57% in 2017

By Helgi Analytics - August 11, 2018

Partner Banka's net interest margin amounted to 2.57% in 2017, down from 2.65% compared to the previous year. Historically...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 39.5 40.9 43.5
Fee Income (As % Of Revenues) % 9.99 7.43 7.75
Other Income HRK mil 13.2 21.2 16.8
Total Revenues HRK mil 58.5 67.1 65.4
Staff Cost HRK mil 22.2 23.4 23.5
Operating Profit HRK mil 15.5 24.9 21.9
Provisions HRK mil 13.7 13.5 13.6
Net Profit HRK mil 1.41 9.05 6.80
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 2.79 2.80 2.55
Customer Loans HRK mil 920 814 914
Debt Securities HRK mil 321 510 597
Total Assets HRK mil 1,489 1,598 1,792
Shareholders' Equity HRK mil 177 186 193
Interbank Borrowing HRK mil 0 19.0 0
Customer Deposits HRK mil 1,056 1,217 1,354
Issued Debt Securities HRK mil 248 166 236
Ratios 2015 2016 2017
ROE % 0.804 4.98 3.58
ROA % 0.096 0.586 0.401
Costs (As % Of Assets) % 2.93 2.73 2.56
Costs (As % Of Income) % 73.5 62.9 66.5
Capital Adequacy Ratio % 16.1 16.6 15.5
Net Interest Margin % 2.69 2.65 2.57
Loans (As % Of Deposits) % 87.1 66.9 67.5
NPLs (As % Of Loans) % 42.5 23.4 17.0
Provisions (As % Of NPLs) % 29.5 64.4 67.0
Growth Rates 2015 2016 2017
Total Revenue Growth % -9.32 14.7 -2.58
Operating Cost Growth % -4.86 -1.85 3.03
Operating Profit Growth % -19.7 60.7 -12.1
Net Profit Growth % 9.24 543 -24.9
Customer Loan Growth % 12.0 -11.5 12.3
Total Asset Growth % 2.80 7.39 12.1
Customer Deposit Growth % 2.40 15.2 11.3
Shareholders' Equity Growth % 2.73 5.19 3.74
Employees 111 114 123

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summary Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                  
Net Interest Income HRK mil ...                   50.0 45.9 34.5 42.0 39.5    
Total Revenues HRK mil ...                   63.0 62.4 52.8 64.5 58.5    
Operating Profit HRK mil ...                   13.9 16.5 11.8 19.3 15.5    
Net Profit HRK mil ...                   0.317 -17.7 1.39 1.29 1.41    
balance sheet                                  
Interbank Loans HRK mil ...                   28.7 13.5 2.23 30.1 2.79    
Customer Loans HRK mil ...                   976 877 873 822 920    
Debt Securities HRK mil ...                   93.6 133 220 275 321    
Total Assets HRK mil                     1,312 1,291 1,431 1,448 1,489    
Shareholders' Equity HRK mil                     175 170 168 173 177    
Interbank Borrowing HRK mil ...                   24.2 25.1 15.0 0 0    
Customer Deposits HRK mil ...                   816 808 934 1,031 1,056    
Issued Debt Securities HRK mil ...                   289 284 302 236 248    
ratios                                  
ROE % ...                   0.182 -10.3 0.822 0.756 0.804    
ROA % ...                   0.024 -1.36 0.102 0.089 0.096    
Costs (As % Of Assets) % ...                   3.76 3.52 3.01 3.14 2.93    
Costs (As % Of Income) % ...                   78.0 73.5 77.6 70.0 73.5    
Capital Adequacy Ratio %                     14.4 14.1 14.2 16.2 16.1    
Net Interest Margin % ...                   3.83 3.53 2.54 2.92 2.69    
Interest Income (As % Of Revenues) % ...                   79.4 73.6 65.4 65.1 67.5    
Fee Income (As % Of Revenues) % ...                   10.7 9.75 11.0 8.90 9.99    
Staff Cost (As % Of Total Cost) % ...                   57.3 55.9 54.4 50.9 51.6    
Equity (As % Of Assets) %                     13.4 13.2 11.8 11.9 11.9    
Loans (As % Of Deposits) % ...                   120 109 93.5 79.7 87.1    
Loans (As % Assets) % ...                   74.4 68.0 61.1 56.7 61.8    
NPLs (As % Of Loans) % ... ... ... ... ...           9.89 29.3 29.5 33.4 42.5    
Provisions (As % Of NPLs) % ... ... ... ... ...           56.0 32.9 34.4 37.8 29.5    
income statement Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                  
Interest Income HRK mil ...                   89.9 85.4 73.9 86.2 75.5    
Interest Cost HRK mil ...                   39.9 39.5 39.4 44.2 36.0    
Net Interest Income HRK mil ...                   50.0 45.9 34.5 42.0 39.5    
Net Fee Income HRK mil ...                   6.74 6.08 5.80 5.74 5.84    
Other Income HRK mil ...                   6.26 10.4 12.5 16.8 13.2    
Total Revenues HRK mil ...                   63.0 62.4 52.8 64.5 58.5    
Staff Cost HRK mil ...                   28.1 25.6 22.3 23.0 22.2    
Depreciation HRK mil ...                   3.71 3.33 3.30 4.47 5.33    
Other Cost HRK mil ...                   17.3 16.9 15.4 17.7 15.4    
Operating Cost HRK mil ...                   49.1 45.9 41.0 45.2 43.0    
Operating Profit HRK mil ...                   13.9 16.5 11.8 19.3 15.5    
Provisions HRK mil ...                   13.6 38.9 10.1 17.7 13.7    
Extra and Other Cost HRK mil ...                   < -0.001 0 < 0.001 < -0.001 0    
Pre-Tax Profit HRK mil ...                   0.261 -22.4 1.66 1.60 1.78    
Tax HRK mil ...                   -0.056 4.68 0.269 0.313 0.371    
Minorities HRK mil ...                   0 0 0 0 0    
Net Profit HRK mil ...                   0.317 -17.7 1.39 1.29 1.41    
growth rates                                  
Net Interest Income Growth % ... ...                 -3.81 -8.14 -24.8 21.5 -5.96    
Net Fee Income Growth % ... ...                 4.85 -9.78 -4.69 -1.00 1.81    
Total Revenue Growth % ... ...                 -3.17 -0.938 -15.4 22.2 -9.32    
Operating Cost Growth % ... ...                 -5.25 -6.61 -10.6 10.2 -4.86    
Operating Profit Growth % ... ...                 4.95 19.1 -28.6 63.7 -19.7    
Pre-Tax Profit Growth % ... ...                 -91.0 -8,676 -107 -3.50 11.1    
Net Profit Growth % ... ...                 -87.2 -5,685 -108 -7.27 9.24    
market share                                  
Market Share in Revenues % ...                   0.392 0.420 0.367 0.446 0.402    
Market Share in Net Profit % ...                   0.008 ... 0.293 0.093 ...    
Market Share in Employees % ...                   0.553 0.508 0.516 0.529 0.531    
balance sheet Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                  
Cash HRK mil ...                   145 174 203 237 171    
Interbank Loans HRK mil ...                   28.7 13.5 2.23 30.1 2.79    
Customer Loans HRK mil ...                   976 877 873 822 920    
Retail Loans HRK mil ...                   168 157 138 141 155    
Corporate Loans HRK mil ...                   857 797 826 792 859    
Debt Securities HRK mil ...                   93.6 133 220 275 321    
Fixed Assets HRK mil ...                   35.4 44.4 43.1 41.8 40.1    
Total Assets HRK mil                     1,312 1,291 1,431 1,448 1,489    
Shareholders' Equity HRK mil                     175 170 168 173 177    
Of Which Minority Interest HRK mil ...                   0 0 0 0 0    
Liabilities HRK mil                     1,137 1,121 1,262 1,275 1,311    
Interbank Borrowing HRK mil ...                   24.2 25.1 15.0 0 0    
Customer Deposits HRK mil ...                   816 808 934 1,031 1,056    
Retail Deposits HRK mil ...                   380 493 587 704 734    
Corporate Deposits HRK mil ...                   436 315 347 327 322    
Sight Deposits HRK mil ...                   175 152 171 184 206    
Term Deposits HRK mil ...                   641 656 764 847 850    
Issued Debt Securities HRK mil ...                   289 284 302 236 248    
Other Liabilities HRK mil ...                   7.56 4.14 11.3 8.28 6.96    
asset quality                                  
Non-Performing Loans HRK mil ... ... ... ... ...           102 285 287 314 447    
Gross Loans HRK mil ...                   1,034 971 972 940 1,052    
Total Provisions HRK mil ...                   57.3 93.7 98.7 119 132    
growth rates                                  
Customer Loan Growth % ... ...                 5.80 -10.1 -0.439 -5.93 12.0    
Retail Loan Growth % ... ...                 -8.19 -6.88 -12.0 2.02 10.2    
Corporate Loan Growth % ... ...                 10.3 -7.10 3.70 -4.14 8.44    
Total Asset Growth % ...                   0.921 -1.61 10.8 1.22 2.80    
Shareholders' Equity Growth % ...                   1.03 -3.21 -0.913 2.56 2.73    
Customer Deposit Growth % ... ...                 -3.72 -1.02 15.6 10.4 2.40    
Retail Deposit Growth % ... ...                 -7.86 29.8 19.2 19.9 4.22    
Corporate Deposit Growth % ... ...                 0.196 -27.8 10.1 -5.60 -1.52    
market share                                  
Market Share in Customer Loans % ...                   0.387 0.371 0.373 0.358 0.413    
Market Share in Corporate Loans % ...                   0.768 0.825 0.864 0.861 0.984    
Market Share in Consumer Loans % ...                   0.131 0.124 0.112 0.115 0.129    
Market Share in Total Assets %                     0.315 0.314 0.345 0.345 0.357    
Market Share in Customer Deposits % ...                   0.370 0.356 0.395 0.422 0.411    
Market Share in Retail Deposits % ...                   0.223 0.277 0.327 0.385 0.391    
Market Share in Corporate Deposits % ... ... ...               0.907 0.700 0.819 0.749 0.607    
ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                  
ROE % ...                   0.182 -10.3 0.822 0.756 0.804    
ROA % ...                   0.024 -1.36 0.102 0.089 0.096    
Costs (As % Of Assets) % ...                   3.76 3.52 3.01 3.14 2.93    
Costs (As % Of Income) % ...                   78.0 73.5 77.6 70.0 73.5    
Capital Adequacy Ratio %                     14.4 14.1 14.2 16.2 16.1    
Net Interest Margin % ...                   3.83 3.53 2.54 2.92 2.69    
Interest Spread % ...                   3.36 3.06 2.13 2.50 2.36    
Asset Yield % ...                   6.88 6.56 5.43 5.99 5.14    
Cost Of Liabilities % ...                   3.52 3.50 3.30 3.48 2.79    
Interest Income (As % Of Revenues) % ...                   79.4 73.6 65.4 65.1 67.5    
Fee Income (As % Of Revenues) % ...                   10.7 9.75 11.0 8.90 9.99    
Other Income (As % Of Revenues) % ...                   9.94 16.7 23.6 26.0 22.5    
Cost Per Employee USD per month ...                   3,620 3,317 2,905 2,883 2,501    
Cost Per Employee (Local Currency) HRK per month ...                   19,366 19,406 16,583 17,095 16,661    
Staff Cost (As % Of Total Cost) % ...                   57.3 55.9 54.4 50.9 51.6    
Equity (As % Of Assets) %                     13.4 13.2 11.8 11.9 11.9    
Loans (As % Of Deposits) % ...                   120 109 93.5 79.7 87.1    
Loans (As % Assets) % ...                   74.4 68.0 61.1 56.7 61.8    
NPLs (As % Of Loans) % ... ... ... ... ...           9.89 29.3 29.5 33.4 42.5    
Provisions (As % Of NPLs) % ... ... ... ... ...           56.0 32.9 34.4 37.8 29.5    
Provisions (As % Of Loans) % ...                   5.87 10.7 11.3 14.5 14.3    
Cost of Provisions (As % Of Loans) % ...                   1.43 4.20 1.16 2.09 1.58    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                  
Employees ...                   121 110 112 112 111    
Sight (As % Of Customer Deposits) % ...                   21.4 18.8 18.3 17.8 19.5    

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Partner Banka's net profit fell 24.9% to HRK 6.80 mil in 2017

By Helgi Analytics - August 11, 2018

Partner Banka made a net profit of HRK 6.80 mil under revenues of HRK 65.4 mil in 2017, up -24.9% and -2.58% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of HRK 20.8 mil in 2005 and an all time low of HRK -1...

Partner Banka's corporate deposits rose 25.3% to HRK 487 mil in 2017

By Helgi Analytics - August 11, 2018

Partner Banka's corporate deposits reached HRK 487 mil in 2017, up 25.3% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Partner Banka accounted for 0.773...

Partner Banka's npls (as % of loans) fell 27.4% to 17.0% in 2017

By Helgi Analytics - August 11, 2018

Partner Banka's non-performing loans reached 17.0% of total loans at the end of 2017, down from 23.4% compared to the previous year. Historically, the NPL ratio hit an all time high of 42.5% in 2015 and an all time low of 1.86% in 2007. Provision coverage a...

Partner Banka's total revenues fell 2.58% to HRK 65.4 mil in 2017

By Helgi Analytics - August 11, 2018

Partner Banka generated total banking revenues of HRK 65.4 mil in 2017, down 2.58% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to the last year. ...

Partner Banka's customer loans rose 12.3% to HRK 914 mil in 2017

By Helgi Analytics - August 11, 2018

Partner Banka's customer loans reached HRK 914 mil in 2017, up 12.3% compared to the previous year. Croatian banking sector provided customer loans of HRK 213 bil in 2017, down 0.828% when compared to the last year. Partner Banka accounted for 0.429% of a...

Partner Banka's corporate loans rose 4.59% to HRK 748 mil in 2017

By Helgi Analytics - December 12, 2019

Partner Banka's corporate loans reached HRK 748 mil in 2017, up 4.59% compared to the previous year. Croatian banking sector provided corporate loans of HRK 70.6 bil in 2017, up 2.98% when compared to the last year. Partner Banka accounted for 0.915% of a...

Partner Banka's net interest income rose 6.50% to HRK 43.5 mil in 2017

By Helgi Analytics - August 11, 2018

Partner Banka generated total banking revenues of HRK 65.4 mil in 2017, down 2.58% 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 HRK 68.9 mil in 2005 and an...

Partner Banka's customer loan growth rose 206% to 12.3% in 2017

By Helgi Analytics - August 11, 2018

Partner Banka's customer loan growth reached 12.3% in 2017, up from -11.5% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 53.4% in 2004 and an all time low of -11.5% in 2016. In the last decade, the averag...

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Finance

Partner Banka has been growing its revenues and asset by 0.450% and 7.36% a year on average in the last 3 years. Its loans and deposits have grown by 3.61% and 9.50% a year during that time and loans to deposits ratio reached 67.5% at the end of 2017. The company achieved an average return on equity of 3.12% in the last three years with net profit growing 74.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 66.5% in 2017, compared to 67.6% average in the last three years.

Equity represented 10.8% of total assets or of loans at the end of 2017. Partner Banka's non-performing loans were 17.0% of total loans while provisions covered some 67.0% of NPLs at the end of 2017.