Piraeus Bank Romania

Piraeus Bank Romania's mortgage loans rose 7.14% to RON 703 mil in 2017

By Helgi Analytics - November 29, 2018

Piraeus Bank Romania's mortgage loans reached RON 703 mil in 2017, up 7.14% compared to the previous year. Romanian banking sec...

Piraeus Bank Romania's capital adequacy ratio rose 11.4% to 21.8% in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's capital adequacy ratio reached 21.8% at the end of 2017, up from 19.6% compared to the previous year. ...

Piraeus Bank Romania's net profit rose 134% to RON 10.8 mil in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania made a net profit of RON 10.8 mil in 2017, up 134% compared to the previous year. This implies a return on ...

Profit Statement 2015 2016 2017
Net Interest Income RON mil 247 163 167
Fee Income (As % Of Revenues) % 25.8 35.3 35.6
Other Income RON mil 45.0 56.0 44.8
Total Revenues RON mil 393 338 329
Staff Cost RON mil 120 117 122
Operating Profit RON mil 49.2 0.565 -1.91
Provisions RON mil 210 39.1 -11.0
Net Profit RON mil -252 -31.5 10.8
Balance Sheet 2015 2016 2017
Interbank Loans RON mil 1,124 973 458
Customer Loans RON mil 3,457 3,195 3,450
Debt Securities RON mil 1,139 1,198 1,348
Total Assets RON mil 7,087 6,564 6,440
Shareholders' Equity RON mil 701 675 684
Interbank Borrowing RON mil 2,096 1,081 980
Customer Deposits RON mil 3,902 4,411 4,347
Issued Debt Securities RON mil 249 250 256
Ratios 2015 2016 2017
ROE % -32.4 -4.58 1.59
ROA % -3.14 -0.462 0.166
Costs (As % Of Assets) % 4.28 4.94 5.10
Costs (As % Of Income) % 87.5 99.8 101
Capital Adequacy Ratio % 17.3 19.6 21.8
Net Interest Margin % 3.07 2.38 2.57
Loans (As % Of Deposits) % 88.6 72.4 79.4
NPLs (As % Of Loans) % 11.2 13.5 10.6
Provisions (As % Of NPLs) % 60.1 54.1 61.7
Growth Rates 2015 2016 2017
Total Revenue Growth % -28.6 -14.1 -2.49
Operating Cost Growth % 1.31 -1.99 -1.76
Operating Profit Growth % -76.7 -98.9 -438
Net Profit Growth % -1,636 -87.5 -134
Customer Loan Growth % -33.2 -7.57 7.99
Total Asset Growth % -21.2 -7.38 -1.89
Customer Deposit Growth % -25.0 13.1 -1.46
Shareholders' Equity Growth % -18.1 -3.66 1.28
Employees 1,414 1,322 1,300

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Net Interest Income RON mil ... ... ...             255 228 201 259 247    
Total Revenues RON mil ... ... ...             660 569 503 550 393    
Operating Profit RON mil ... ... ...             245 134 177 211 49.2    
Net Profit RON mil ... ... ...             36.2 -95.0 7.75 16.4 -252    
balance sheet                                
Interbank Loans RON mil ... ... ...             350 748 1,286 1,323 1,124    
Customer Loans RON mil ... ... ...             4,994 4,448 4,955 5,173 3,457    
Debt Securities RON mil ... ... ...             1,459 1,196 1,302 1,149 1,139    
Total Assets RON mil ... ... ...             8,453 7,826 9,108 8,991 7,087    
Shareholders' Equity RON mil ... ... ...             1,416 1,324 830 856 701    
Interbank Borrowing RON mil ... ... ...             2,570 2,304 2,896 2,453 2,096    
Customer Deposits RON mil ... ... ...             4,120 3,939 4,792 5,199 3,902    
Issued Debt Securities RON mil ... ... ...             65.0 66.5 355 355 249    
ratios                                
ROE % ... ... ...             2.59 -6.93 0.720 1.95 -32.4    
ROA % ... ... ...             0.401 -1.17 0.092 0.182 -3.14    
Costs (As % Of Assets) % ... ... ...             4.60 5.34 3.86 3.75 4.28    
Costs (As % Of Income) % ... ... ...             62.9 76.4 64.9 61.7 87.5    
Capital Adequacy Ratio % ... ... ... ... ...         18.3 17.5 14.2 12.3 17.3    
Net Interest Margin % ... ... ...             2.83 2.80 2.37 2.86 3.07    
Interest Income (As % Of Revenues) % ... ... ...             38.7 40.1 39.9 47.1 62.7    
Fee Income (As % Of Revenues) % ... ... ...             45.9 53.1 36.7 32.6 25.8    
Staff Cost (As % Of Total Cost) % ... ... ...             30.3 27.1 35.1 34.4 34.7    
Equity (As % Of Assets) % ... ... ...             16.8 16.9 9.12 9.52 9.89    
Loans (As % Of Deposits) % ... ... ...             121 113 103 99.5 88.6    
Loans (As % Assets) % ... ... ...             59.1 56.8 54.4 57.5 48.8    
NPLs (As % Of Loans) % ... ... ... ... ...         24.9 29.1 52.5 41.5 11.2    
Provisions (As % Of NPLs) % ... ... ... ... ...         74.9 87.4 59.3 51.4 60.1    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Interest Income RON mil ... ... ...             675 566 490 489 384    
Interest Cost RON mil ... ... ...             420 338 289 230 138    
Net Interest Income RON mil ... ... ...             255 228 201 259 247    
Net Fee Income RON mil ... ... ...             303 302 184 180 102    
Other Income RON mil ... ... ...             102 38.6 118 112 45.0    
Total Revenues RON mil ... ... ...             660 569 503 550 393    
Staff Cost RON mil ... ... ...             126 118 114 117 120    
Depreciation RON mil ... ... ...             55.4 57.9 36.7 36.8 34.2    
Other Cost RON mil ... ... ...             234 259 175 186 190    
Operating Cost RON mil ... ... ...             415 435 326 340 344    
Operating Profit RON mil ... ... ...             245 134 177 211 49.2    
Provisions RON mil ... ... ...             197 304 195 168 210    
Extra and Other Cost RON mil ... ... ...             0 0 -27.9 18.0 29.1    
Pre-Tax Profit RON mil ... ... ...             47.8 -170 9.49 25.2 -190    
Tax RON mil ... ... ...             11.6 -75.3 1.74 8.80 62.4    
Minorities RON mil ... ... ...             0 0 0 0 0    
Net Profit RON mil ... ... ...             36.2 -95.0 7.75 16.4 -252    
growth rates                                
Net Interest Income Growth % ... ... ... ...           -32.5 -10.7 -11.9 28.9 -4.83    
Net Fee Income Growth % ... ... ... ...           -3.97 -0.215 -38.9 -2.70 -43.4    
Total Revenue Growth % ... ... ... ...           -30.2 -13.8 -11.6 9.41 -28.6    
Operating Cost Growth % ... ... ... ...           2.37 4.66 -24.9 4.02 1.31    
Operating Profit Growth % ... ... ... ...           -54.6 -45.2 31.7 19.4 -76.7    
Pre-Tax Profit Growth % ... ... ... ...           -44.3 -456 -106 166 -853    
Net Profit Growth % ... ... ... ...           -45.5 -362 -108 112 -1,636    
market share                                
Market Share in Revenues % ... ... ...             2.88 ... ... ... ... ... ...
Market Share in Net Profit % ... ... ...           ... ... ... ... ... ... ... ...
Market Share in Employees % ...                 2.72 2.59 2.76 2.67 2.53    
Market Share in Branches % ... ... ...             2.94 2.52 ... ... ... ... ...
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                
Cash RON mil ... ... ...             1,261 941 1,006 1,079 894    
Interbank Loans RON mil ... ... ...             350 748 1,286 1,323 1,124    
Customer Loans RON mil ... ... ...             4,994 4,448 4,955 5,173 3,457    
Retail Loans RON mil ... ... ...             4,790 4,510 2,981 2,778 2,125    
Mortgage Loans RON mil ... ... ...             588 614 669 741 649    
Consumer Loans RON mil ... ... ...             4,203 3,896 2,312 2,037 1,476    
Corporate Loans RON mil ... ... ...             1,352 1,453 1,974 2,395 1,581    
Debt Securities RON mil ... ... ...             1,459 1,196 1,302 1,149 1,139    
Fixed Assets RON mil ... ... ...             284 239 233 96.3 75.0    
Total Assets RON mil ... ... ...             8,453 7,826 9,108 8,991 7,087    
Shareholders' Equity RON mil ... ... ...             1,416 1,324 830 856 701    
Of Which Minority Interest RON mil ... ... ...             0 0 0 0 0    
Liabilities RON mil ... ... ...             7,037 6,502 8,278 8,135 6,386    
Interbank Borrowing RON mil ... ... ...             2,570 2,304 2,896 2,453 2,096    
Customer Deposits RON mil ... ... ...             4,120 3,939 4,792 5,199 3,902    
Retail Deposits RON mil ... ... ...             2,266 2,167 2,428 2,579 2,082    
Corporate Deposits RON mil ... ... ...             1,854 1,773 2,364 2,620 1,820    
Sight Deposits RON mil ... ... ...             507 451 612 694 806    
Term Deposits RON mil ... ... ...             3,614 3,488 4,180 4,505 3,096    
Issued Debt Securities RON mil ... ... ...             65.0 66.5 355 355 249    
Other Liabilities RON mil ... ... ...             282 192 235 128 139    
asset quality                                
Non-Performing Loans RON mil ... ... ... ... ...         1,532 1,735 3,779 2,732 414    
Gross Loans RON mil ... ... ...             6,142 5,964 7,196 6,577 3,705    
Total Provisions RON mil ... ... ...             1,148 1,516 2,241 1,404 249    
growth rates                                
Customer Loan Growth % ... ... ... ...           -8.76 -10.9 11.4 4.41 -33.2    
Retail Loan Growth % ... ... ... ...           2.72 -5.85 -33.9 -6.80 -23.5    
Mortgage Loan Growth % ... ... ... ...           0.970 4.48 8.92 10.8 -12.4    
Consumer Loan Growth % ... ... ... ...           2.97 -7.29 -40.7 -11.9 -27.6    
Corporate Loan Growth % ... ... ... ...           66.9 7.51 35.8 21.3 -34.0    
Total Asset Growth % ... ... ... ...           -12.1 -7.42 16.4 -1.29 -21.2    
Shareholders' Equity Growth % ... ... ... ...           2.68 -6.49 -37.3 3.09 -18.1    
Customer Deposit Growth % ... ... ... ...           -22.2 -4.39 21.6 8.49 -25.0    
Retail Deposit Growth % ... ... ... ...           -22.2 -4.39 12.1 6.23 -19.3    
Corporate Deposit Growth % ... ... ... ...           -22.2 -4.39 33.4 10.8 -30.5    
market share                                
Market Share in Customer Loans % ... ... ...             2.24 1.97 2.27 2.45 1.59    
Market Share in Corporate Loans % ... ... ...             1.17 1.22 1.76 2.27 1.51    
Market Share in Retail Loans % ... ... ...             5.93 5.78 3.70 3.54 2.64    
Market Share in Consumer Loans % ... ... ...             4.59 4.32 2.89 2.72 1.97    
Market Share in Mortgage Loans % ... ... ...             1.76 1.66 1.64 1.66 1.25    
Market Share in Total Assets % ... ... ...             2.39 2.14 2.51 2.47 1.88    
Market Share in Customer Deposits % ... ... ...             2.20 2.00 2.22 2.23 1.54    
Market Share in Retail Deposits % ... ... ...             2.01 1.77 1.87 1.87 1.42    
Market Share in Corporate Deposits % ... ... ...             2.97 2.90 3.34 3.26 1.99    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                
ROE % ... ... ...             2.59 -6.93 0.720 1.95 -32.4    
ROA % ... ... ...             0.401 -1.17 0.092 0.182 -3.14    
Costs (As % Of Assets) % ... ... ...             4.60 5.34 3.86 3.75 4.28    
Costs (As % Of Income) % ... ... ...             62.9 76.4 64.9 61.7 87.5    
Capital Adequacy Ratio % ... ... ... ... ...         18.3 17.5 14.2 12.3 17.3    
Tier 1 Ratio % ... ... ... ... ...         18.3 17.5 11.4 10.7 14.9    
Net Interest Margin % ... ... ...             2.83 2.80 2.37 2.86 3.07    
Interest Spread % ... ... ... ...           1.98 1.96 1.88 2.60 2.88    
Asset Yield % ... ... ...             7.47 6.96 5.78 5.40 4.78    
Cost Of Liabilities % ... ... ... ...           5.50 4.99 3.91 2.80 1.89    
Interest Income (As % Of Revenues) % ... ... ...             38.7 40.1 39.9 47.1 62.7    
Fee Income (As % Of Revenues) % ... ... ...             45.9 53.1 36.7 32.6 25.8    
Other Income (As % Of Revenues) % ... ... ...             15.4 6.78 23.4 20.3 11.4    
Cost Per Employee USD per month ... ... ...             1,925 1,768 1,773 1,821 1,795    
Cost Per Employee (Local Currency) RON per month ... ... ...             5,870 6,135 5,901 6,324 7,046    
Staff Cost (As % Of Total Cost) % ... ... ...             30.3 27.1 35.1 34.4 34.7    
Equity (As % Of Assets) % ... ... ...             16.8 16.9 9.12 9.52 9.89    
Loans (As % Of Deposits) % ... ... ...             121 113 103 99.5 88.6    
Loans (As % Assets) % ... ... ...             59.1 56.8 54.4 57.5 48.8    
NPLs (As % Of Loans) % ... ... ... ... ...         24.9 29.1 52.5 41.5 11.2    
Provisions (As % Of NPLs) % ... ... ... ... ...         74.9 87.4 59.3 51.4 60.1    
Provisions (As % Of Loans) % ... ... ...             23.0 34.1 45.2 27.2 7.20    
Cost of Provisions (As % Of Loans) % ... ... ...             3.76 6.45 4.15 3.31 4.87    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                
Branches ... ... ...             178 144 140 130 120    
Employees                   1,787 1,598 1,617 1,540 1,414    
Sight (As % Of Customer Deposits) % ... ... ...             12.3 11.5 12.8 13.3 20.7    
Risk-Weighted Assets RON mil ... ... ... ... ...         4,284 5,166 5,549 6,263 4,404    

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Piraeus Bank Romania's npls (as % of loans) fell 21.8% to 10.6% in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's non-performing loans reached 10.6% of total loans at the end of 2017, down from 13.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 52.5% in 2013 and an all time low of 1.96% in 2007. Provision cov...

Piraeus Bank Romania's consumer loans fell 15.0% to RON 1,014 mil in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's consumer loans reached RON 1,014 mil in 2017, down 15.0% compared to the previous year. Romanian banking sector provided consumer loans of RON 55.7 bil in 2017, up 1.95% when compared to the last year. Piraeus Bank Romania accounted...

Piraeus Bank Romania's net interest margin rose 8.04% to 2.57% in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's net interest margin amounted to 2.57% in 2017, up from 2.38% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.16% in 2008 and an all time low of 2.37% in 2013. The average m...

Piraeus Bank Romania's employees fell 1.66% to 1,300 in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania employed 1,300 persons in 2017, down 1.66% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,946 persons in 2008 and an all time low of 417 in 2005. Average cost reached USD 1,906 per month per e...

Piraeus Bank Romania's customer loans rose 7.99% to RON 3,450 mil in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's customer loans reached RON 3,450 mil in 2017, up 7.99% compared to the previous year. Romanian banking sector provided customer loans of RON 233 bil in 2017, up 5.70% when compared to the last year. Piraeus Bank Romania accounted fo...

Piraeus Bank Romania's customer deposits fell 1.46% to RON 4,347 mil in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's customer deposits reached RON 4,347 mil in 2017, down 1.46% compared to the previous year. Romanian banking sector accepted customer deposits of RON 303 bil in 2017, up 10.4% when compared to the last year. Piraeus Bank Romania acco...

Piraeus Bank Romania's retail deposits fell 0.654% to RON 2,247 mil in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's retail deposits reached RON 2,247 mil in 2017, down 0.654% compared to the previous year. Romanian banking sector accepted retail deposits of RON 178 bil in 2017, up 9.10% when compared to the last year. Piraeus Bank Romania account...

Piraeus Bank Romania's corporate loans rose 8.50% to RON 1,734 mil in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's loans reached RON 3,691 mil in the 2017, up from RON 3,447 mil compared to the previous year. Historically, the bank’s loans reached an all time high of RON 7,196 mil in 2013 and an all time low of RON 1,053 mil in 2006. In the la...

Piraeus Bank Romania's costs (as % of assets) rose 3.13% to 5.10% in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's cost to income ratio reached 101% in 2017, up from 99.8% compared to the previous year. Historically, the bank’s costs reached an all time high of 101% of income in 2017 and an all time low of 42.9% in 2010. When compared to total as...

Piraeus Bank Romania's corporate deposits fell 2.30% to RON 2,100 mil in 2017

By Helgi Analytics - September 27, 2018

Piraeus Bank Romania's corporate deposits reached RON 2,100 mil in 2017, down 2.30% compared to the previous year. Romanian banking sector accepted corporate deposits of RON 107 bil in 2017, up 12.3% when compared to the last year. Piraeus Bank Romania ac...

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Finance

Piraeus Bank Romania has been growing its revenues and asset by -0.150% and 0.497% a year on average in the last 10 years. Its loans and deposits have grown by -1.72% and 8.14% a year during that time and loans to deposits ratio reached 79.4% at the end of 2017. The company achieved an average return on equity of -0.974% in the last decade with net profit growing -15.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 101% in 2017, compared to 69.4% average in the last decade.

Equity represented 10.6% of total assets or 19.8% of loans at the end of 2017. Piraeus Bank Romania's non-performing loans were 10.6% of total loans while provisions covered some 61.7% of NPLs at the end of 2017.