Piraeus Bank Serbia

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 2,189 1,376 1,619
Fee Income (As % Of Revenues) % 11.8 15.7 15.6
Other Income RSD mil 1,222 923 749
Total Revenues RSD mil 3,868 2,728 2,807
Staff Cost RSD mil 884 849 829
Operating Profit RSD mil 1,245 467 474
Provisions RSD mil 5,198 445 3.09
Net Profit RSD mil -3,954 25.9 439
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 4,769 2,670 1,083
Customer Loans RSD mil 31,181 34,598 35,761
Debt Securities RSD mil 3,618 5,681 4,918
Total Assets RSD mil 52,547 52,243 51,063
Shareholders' Equity RSD mil 12,293 12,331 12,776
Interbank Borrowing RSD mil 5,489 3,369 4,258
Customer Deposits RSD mil 30,345 31,960 29,651
Issued Debt Securities RSD mil 4,085 4,148 3,980
Ratios 2015 2016 2017
ROE % -27.7 0.210 3.50
ROA % -7.08 0.049 0.851
Costs (As % Of Assets) % 4.69 4.31 4.52
Costs (As % Of Income) % 67.8 82.9 83.1
Capital Adequacy Ratio % 22.7 ... 33.3
Net Interest Margin % 3.92 2.63 3.13
Loans (As % Of Deposits) % 103 108 121
NPLs (As % Of Loans) % 10.4 18.1 7.96
Provisions (As % Of NPLs) % 35.4 116 112
Growth Rates 2015 2016 2017
Total Revenue Growth % 14.4 -29.5 2.89
Operating Cost Growth % 3.93 -13.8 3.18
Operating Profit Growth % 45.2 -62.5 1.47
Net Profit Growth % 191 -101 1,596
Customer Loan Growth % -30.1 11.0 3.36
Total Asset Growth % -11.3 -0.578 -2.26
Customer Deposit Growth % -1.40 5.32 -7.22
Shareholders' Equity Growth % -24.3 0.315 3.60

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2014 2015 2016 2017
income statement        
Net Interest Income RSD mil 1,893 2,189    
Total Revenues RSD mil 3,382 3,868    
Operating Profit RSD mil 857 1,245    
Net Profit RSD mil -1,359 -3,954    
balance sheet        
Interbank Loans RSD mil 1,336 4,769    
Customer Loans RSD mil 44,621 31,181    
Debt Securities RSD mil 1,851 3,618    
Total Assets RSD mil 59,232 52,547    
Shareholders' Equity RSD mil 16,247 12,293    
Interbank Borrowing RSD mil 7,791 5,489    
Customer Deposits RSD mil 30,777 30,345    
Issued Debt Securities RSD mil 4,068 4,085    
ratios        
ROE % -8.37 -27.7    
ROA % -2.29 -7.08    
Costs (As % Of Assets) % 4.26 4.69    
Costs (As % Of Income) % 74.6 67.8    
Capital Adequacy Ratio % ... 22.7 ...  
Net Interest Margin % 3.20 3.92    
Interest Income (As % Of Revenues) % 56.0 56.6    
Fee Income (As % Of Revenues) % 15.8 11.8    
Staff Cost (As % Of Total Cost) % 36.6 33.7    
Equity (As % Of Assets) % 27.4 23.4    
Loans (As % Of Deposits) % 145 103    
Loans (As % Assets) % 75.3 59.3    
NPLs (As % Of Loans) % 3.95 10.4    
Provisions (As % Of NPLs) % 28.6 35.4    
income statement Unit 2014 2015 2016 2017
income statement        
Interest Income RSD mil 3,320 3,037    
Interest Cost RSD mil 1,427 847    
Net Interest Income RSD mil 1,893 2,189    
Net Fee Income RSD mil 534 457    
Other Income RSD mil 955 1,222    
Total Revenues RSD mil 3,382 3,868    
Staff Cost RSD mil 923 884    
Depreciation RSD mil 131 120    
Other Cost RSD mil 1,470 1,620    
Operating Cost RSD mil 2,524 2,623    
Operating Profit RSD mil 857 1,245    
Provisions RSD mil 2,197 5,198    
Extra and Other Cost RSD mil 0 0    
Pre-Tax Profit RSD mil -1,340 -3,953    
Tax RSD mil 19.6 1.25    
Minorities RSD mil 0 0    
Net Profit RSD mil -1,359 -3,954    
growth rates        
Net Interest Income Growth % ... 15.7    
Net Fee Income Growth % ... -14.3    
Total Revenue Growth % ... 14.4    
Operating Cost Growth % ... 3.93    
Operating Profit Growth % ... 45.2    
Pre-Tax Profit Growth % ... 195    
Net Profit Growth % ... 191    
market share        
Market Share in Revenues % 1.94 2.11    
Market Share in Net Profit % ... ...    
balance sheet Unit 2014 2015 2016 2017
balance sheet        
Cash RSD mil 9,758 11,293    
Interbank Loans RSD mil 1,336 4,769    
Customer Loans RSD mil 44,621 31,181    
Retail Loans RSD mil 32,215 23,916    
Mortgage Loans RSD mil 10,697 10,701    
Consumer Loans RSD mil 21,519 13,215    
Corporate Loans RSD mil 12,916 8,451    
Debt Securities RSD mil 1,851 3,618    
Fixed Assets RSD mil 705 653    
Total Assets RSD mil 59,232 52,547    
Shareholders' Equity RSD mil 16,247 12,293    
Of Which Minority Interest RSD mil 0 0    
Liabilities RSD mil 42,985 40,254    
Interbank Borrowing RSD mil 7,791 5,489    
Customer Deposits RSD mil 30,777 30,345    
Retail Deposits RSD mil 18,936 18,733    
Corporate Deposits RSD mil 11,841 11,612    
Issued Debt Securities RSD mil 4,068 4,085    
Other Liabilities RSD mil 349 335    
asset quality        
Non-Performing Loans RSD mil 1,781 3,353    
Gross Loans RSD mil 45,131 32,367    
Total Provisions RSD mil 510 1,186    
growth rates        
Customer Loan Growth % ... -30.1    
Retail Loan Growth % ... -25.8    
Mortgage Loan Growth % ... 0.042    
Consumer Loan Growth % ... -38.6    
Corporate Loan Growth % ... -34.6    
Total Asset Growth % ... -11.3    
Shareholders' Equity Growth % ... -24.3    
Customer Deposit Growth % ... -1.40    
Retail Deposit Growth % ... -1.07    
Corporate Deposit Growth % ... -1.93    
market share        
Market Share in Customer Loans % 1.87 1.24    
Market Share in Corporate Loans % 1.33 0.851    
Market Share in Retail Loans % 5.55 3.20    
Market Share in Consumer Loans % 4.45 3.15    
Market Share in Mortgage Loans % 3.17 3.09    
Market Share in Total Assets % 1.79 1.53    
Market Share in Customer Deposits % 1.79 1.66    
Market Share in Retail Deposits % 1.73 1.66    
Market Share in Corporate Deposits % 2.37 2.01    
ratios Unit 2014 2015 2016 2017
ratios        
ROE % -8.37 -27.7    
ROA % -2.29 -7.08    
Costs (As % Of Assets) % 4.26 4.69    
Costs (As % Of Income) % 74.6 67.8    
Capital Adequacy Ratio % ... 22.7 ...  
Net Interest Margin % 3.20 3.92    
Interest Spread % ... 3.40    
Asset Yield % 5.60 5.43    
Cost Of Liabilities % ... 2.04    
Interest Income (As % Of Revenues) % 56.0 56.6    
Fee Income (As % Of Revenues) % 15.8 11.8    
Other Income (As % Of Revenues) % 28.2 31.6    
Staff Cost (As % Of Total Cost) % 36.6 33.7    
Equity (As % Of Assets) % 27.4 23.4    
Loans (As % Of Deposits) % 145 103    
Loans (As % Assets) % 75.3 59.3    
NPLs (As % Of Loans) % 3.95 10.4    
Provisions (As % Of NPLs) % 28.6 35.4    
Provisions (As % Of Loans) % 1.14 3.80    
Cost of Provisions (As % Of Loans) % 4.92 13.7    

Get all company financials in excel:

Download Sample   $19.99

Piraeus Bank Serbia Logo

Finance

Piraeus Bank Serbia has been growing its revenues and asset by -6.02% and -4.83% a year on average in the last 3 years. Its loans and deposits have grown by -7.11% and -1.23% a year during that time and loans to deposits ratio reached 121% at the end of 2017. The company achieved an average return on equity of -8.00% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 83.1% in 2017, compared to 77.9% average in the last three years.

Equity represented 25.0% of total assets or 35.7% of loans at the end of 2017. Piraeus Bank Serbia's non-performing loans were 7.96% of total loans while provisions covered some 112% of NPLs at the end of 2017.