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PPF Banka

PPF Banka's capital adequacy ratio rose 33.9% yoy to 24.5% in 2020

By Helgi Analytics - September 28, 2021

PPF Banka's capital adequacy ratio reached 24.5% at the end of 2020, up from 18.3% compared to the previous year. Historicall...

PPF Banka's total revenues rose 23.0% yoy to CZK 3,736 mil in 2018

By Helgi Analytics - October 9, 2019

PPF Banka generated total banking revenues of CZK 3,736 mil in 2018, up 23.0% compared to the previous year. Czech banking...

PPF Banka's customer deposits fell 15.6% yoy to CZK 132,785 mil in 2018

By Helgi Analytics - October 9, 2019

PPF Banka's customer deposits reached CZK 132,785 mil in 2018, down 15.6% compared to the previous year. Czech banking sector a...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 3,468 4,112 3,292
Net Fee Income CZK mil 132 130 209
Other Income CZK mil 136 -706 458
Total Revenues CZK mil 3,736 3,536 3,959
Staff Cost CZK mil 382 393 435
Operating Profit CZK mil 2,757 2,555 3,061
Provisions CZK mil 68.0 -74.0 1,750
Net Profit CZK mil 2,202 2,088 1,133
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 5,131 3,636 4,130
Customer Loans CZK mil 34,437 41,109 35,745
Investments CZK mil 31,440 24,717 38,605
Total Assets CZK mil 235,162 226,958 169,723
Shareholders' Equity CZK mil 11,620 14,295 15,414
Interbank Borrowing CZK mil 66,306 25,743 1,993
Customer Deposits CZK mil 132,785 172,805 131,462
Issued Debt Securities CZK mil 18,763 3,536 3,122
Ratios 2018 2019 2020
ROE % 20.2 16.1 7.63
ROA % 0.941 0.904 0.571
Costs (As % Of Assets) % 0.418 0.425 0.453
Costs (As % Of Income) % 26.2 27.7 22.7
Capital Adequacy Ratio % 16.3 18.3 24.5
Net Interest Margin % 1.48 1.78 1.66
Loans (As % Of Deposits) % 25.9 23.8 27.2
NPLs (As % Of Loans) % 12.9 6.79 8.26
Provisions (As % Of NPLs) % 29.0 35.3 70.3
Growth Rates 2018 2019 2020
Total Revenue Growth % 23.0 -5.35 12.0
Operating Cost Growth % 2.73 0.204 -8.46
Operating Profit Growth % 32.2 -7.33 19.8
Net Profit Growth % 44.8 -5.18 -45.7
Customer Loan Growth % 3.61 19.4 -13.0
Total Asset Growth % 0.953 -3.49 -25.2
Customer Deposit Growth % -15.6 30.1 -23.9
Shareholders' Equity Growth % 14.6 23.0 7.83
Employees 235 237 240

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                      
Net Interest Income CZK mil                         2,133 2,645 2,163 2,457 3,468    
Total Revenues CZK mil                         2,415 3,226 2,872 3,038 3,736    
Operating Profit CZK mil                         1,353 2,382 1,915 2,085 2,757    
Net Profit CZK mil                         700 1,153 1,356 1,521 2,202    
balance sheet                                      
Interbank Loans CZK mil                         16,255 4,664 5,783 3,355 5,131    
Customer Loans CZK mil                         23,461 26,276 27,983 33,236 34,437    
Investments CZK mil                         36,739 37,907 42,626 37,900 31,440    
Total Assets CZK mil                         108,237 103,517 136,810 232,941 235,162    
                                         
Shareholders' Equity CZK mil                         7,349 7,375 8,863 10,144 11,620    
Interbank Borrowing CZK mil                         3,439 1,658 6,819 38,963 66,306    
Customer Deposits CZK mil                         78,908 58,440 103,060 157,384 132,785    
Issued Debt Securities CZK mil                         14,376 26,405 14,818 17,485 18,763    
ratios                                      
ROE % ...                       10.6 15.7 16.7 16.0 20.2    
ROA % ...                       0.657 1.09 1.13 0.823 0.941    
Costs (As % Of Assets) % ...                       0.997 0.797 0.796 0.515 0.418    
Costs (As % Of Income) %                         44.0 26.2 33.3 31.4 26.2    
Capital Adequacy Ratio % ... ... ...                   14.3 14.6 14.8 16.2 16.3    
Net Interest Margin % ...                       2.00 2.50 1.80 1.33 1.48    
Interest Income (As % Of Revenues) %                         88.3 82.0 75.3 80.9 92.8    
Fee Income (As % Of Revenues) %                         11.6 7.01 7.03 4.25 3.53    
Staff Cost (As % Of Total Cost) %                         25.5 35.9 36.9 36.8 39.0    
Equity (As % Of Assets) %                         6.79 7.12 6.48 4.35 4.94    
Loans (As % Of Deposits) %                         29.7 45.0 27.2 21.1 25.9    
Loans (As % Assets) %                         21.7 25.4 20.5 14.3 14.6    
NPLs (As % Of Loans) % ...                       8.26 8.95 7.63 10.4 12.9    
Provisions (As % Of NPLs) % ...     ...                 65.1 64.7 58.2 29.9 29.0    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                      
Interest Income CZK mil                         2,866 3,351 2,739 2,902 4,314    
Interest Cost CZK mil                         733 706 576 445 846    
Net Interest Income CZK mil                         2,133 2,645 2,163 2,457 3,468    
Net Fee Income CZK mil                         280 226 202 129 132    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                         2.00 355 507 452 136    
Total Revenues CZK mil                         2,415 3,226 2,872 3,038 3,736    
Staff Cost CZK mil                         271 303 353 351 382    
Depreciation CZK mil                         47.0 32.0 27.0 31.0 40.0    
Other Cost CZK mil                         744 509 577 571 557    
Operating Cost CZK mil                         1,062 844 957 953 979    
Operating Profit CZK mil                         1,353 2,382 1,915 2,085 2,757    
Provisions CZK mil                         460 939 285 177 68.0    
Extra and Other Cost CZK mil                         0 0 0 0 0    
Pre-Tax Profit CZK mil                         893 1,443 1,630 1,908 2,689    
Tax CZK mil                         193 290 274 387 487    
Minorities CZK mil                         0 0 0 0 0    
Net Profit CZK mil                         700 1,153 1,356 1,521 2,202    
Net Profit Avail. to Common CZK mil                         700 1,153 1,356 1,521 2,202    
growth rates                                      
Net Interest Income Growth % ...                       10.1 24.0 -18.2 13.6 41.1    
Net Fee Income Growth % ...                       -2.78 -19.3 -10.6 -36.1 2.33    
Total Revenue Growth % ...                       8.05 33.6 -11.0 5.78 23.0    
Operating Cost Growth % ...                       30.3 -20.5 13.4 -0.418 2.73    
Operating Profit Growth % ...                       -4.72 76.1 -19.6 8.88 32.2    
Pre-Tax Profit Growth % ...                       13.9 61.6 13.0 17.1 40.9    
Net Profit Growth % ...                       22.4 64.7 17.6 12.2 44.8    
market share                                      
Market Share in Revenues %                         1.44 1.85 1.59 1.70 1.96 ... ...
Market Share in Net Profit %                         1.11 1.74 1.84 2.02 2.70 ... ...
Market Share in Employees %                         0.466 0.476 0.512 0.537 0.561 ... ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ...     0.181 0.185 0.196 0.103 0.102 ... ...
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                      
Cash & Cash Equivalents CZK mil                         27,429 31,952 60,032 156,926 163,539    
Interbank Loans CZK mil                         16,255 4,664 5,783 3,355 5,131    
Customer Loans CZK mil                         23,461 26,276 27,983 33,236 34,437    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Investments CZK mil                         36,739 37,907 42,626 37,900 31,440    
Property and Equipment CZK mil                         78.0 83.0 86.0 132 182    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                         108,237 103,517 136,810 232,941 235,162    
                                         
Shareholders' Equity CZK mil                         7,349 7,375 8,863 10,144 11,620    
Of Which Minority Interest CZK mil                         0 0 0 0 0    
Liabilities CZK mil                         100,888 96,142 127,947 222,797 223,542    
Interbank Borrowing CZK mil                         3,439 1,658 6,819 38,963 66,306    
Customer Deposits CZK mil                         78,908 58,440 103,060 157,384 132,785    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... 37,461 24,018 5,143 3,011 4,255    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... 17,267 13,400 59,046 32,085 17,509    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...   57,296 41,202 77,785 135,662 116,334 ... ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...   21,612 17,326 25,275 21,722 16,451 ... ...
Issued Debt Securities CZK mil                         14,376 26,405 14,818 17,485 18,763    
Other Liabilities CZK mil                         4,165 9,639 3,250 8,965 5,688    
asset quality                                      
Non-Performing Loans CZK mil ...                       2,047 2,496 2,235 3,567 4,612    
Gross Loans CZK mil                         24,793 27,891 29,283 34,303 35,774    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Provisions CZK mil ...                       1,332 1,615 1,300 1,067 1,337    
growth rates                                      
Customer Loan Growth % ...                       -25.3 12.0 6.50 18.8 3.61    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Total Asset Growth % ...                       3.26 -4.36 32.2 70.3 0.953    
Shareholders' Equity Growth % ...                       24.7 0.354 20.2 14.5 14.6    
Customer Deposit Growth % ...                       3.92 -25.9 76.4 52.7 -15.6    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... -35.9 -78.6 -41.5 41.3    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... -22.4 341 -45.7 -45.4    
market share                                      
Market Share in Customer Loans %                         0.890 0.944 0.948 1.08 1.04 ... ...
Market Share in Total Assets %                         2.01 1.87 2.27 3.30 3.21 ... ...
Market Share in Customer Deposits %                         2.30 1.66 2.74 3.77 2.99 ... ...
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... 1.95 1.18 0.233 0.127 0.166 ... ...
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ... 2.06 1.45 6.45 3.22 1.68 ... ...
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                       
ROE % ...                       10.6 15.7 16.7 16.0 20.2    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROA % ...                       0.657 1.09 1.13 0.823 0.941    
Return on Loans % ...                       2.55 4.64 5.00 4.97 6.51    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Costs (As % Of Assets) % ...                       0.997 0.797 0.796 0.515 0.418    
Costs (As % Of Income) %                         44.0 26.2 33.3 31.4 26.2    
Costs (As % Of Loans) % ...                       3.87 3.39 3.53 3.11 2.89    
Costs (As % Of Loans & Deposits) % ...                       1.01 0.902 0.887 0.593 0.547    
Capital Adequacy Ratio % ... ... ...                   14.3 14.6 14.8 16.2 16.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... 12.0 13.4 14.2 16.3    
Net Interest Margin % ...                       2.00 2.50 1.80 1.33 1.48    
Interest Spread % ...                       1.96 2.45 1.77 1.32 1.46    
Asset Yield % ...                       2.69 3.16 2.28 1.57 1.84    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Cost Of Liabilities % ...                       0.734 0.717 0.514 0.254 0.379    
Interest Income (As % Of Revenues) %                         88.3 82.0 75.3 80.9 92.8    
Fee Income (As % Of Revenues) %                         11.6 7.01 7.03 4.25 3.53    
Other Income (As % Of Revenues) %                         0.083 11.0 17.7 14.9 3.64    
Staff Cost (As % Of Total Cost) %                         25.5 35.9 36.9 36.8 39.0    
Equity (As % Of Assets) %                         6.79 7.12 6.48 4.35 4.94    
Equity (As % Of Loans) %                         31.3 28.1 31.7 30.5 33.7    
Loans (As % Of Deposits) %                         29.7 45.0 27.2 21.1 25.9    
Loans (As % Assets) %                         21.7 25.4 20.5 14.3 14.6    
NPLs (As % Of Loans) % ...                       8.26 8.95 7.63 10.4 12.9    
Provisions (As % Of NPLs) % ...     ...                 65.1 64.7 58.2 29.9 29.0    
Provisions (As % Of Loans) % ...                       5.68 6.15 4.65 3.21 3.88    
Cost of Provisions (As % Of Loans) % ...                       1.68 3.78 1.05 0.578 0.201    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                       
Branches ... ... ... ... ... ... ... ... ... ...     4.00 4.00 4.00 2.00 2.00    
Employees                         188 196 210 225 235    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ...     47.0 49.0 52.5 113 118    
Cost Per Employee USD per month                         5,621 5,397 5,552 5,540 6,192    
Cost Per Employee (Local Currency) CZK per month                         120,124 128,827 140,079 130,000 135,461    
customer breakdown Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                       
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ...   1,266,000 1,282,000 1,352,000 1,393,000 1,451,000    

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PPF Banka's employees rose 1.27% yoy to 240 in 2020

By Helgi Analytics - September 28, 2021

PPF Banka employed 240 persons in 2020, up 1.27% when compared to the previous year. Historically, the bank's workforce hit an all time high of 240 persons in 2020 and an all time low of 182 in 2012. Average cost reached USD 6,864 per month per employee, 12.0...

PPF Banka's customer loans rose 3.61% yoy to CZK 34,437 mil in 2018

By Helgi Analytics - October 9, 2019

PPF Banka's customer loans reached CZK 34,437 mil in 2018, up 3.61% compared to the previous year. Czech banking sector provided customer loans of CZK 3,306 bil in 2018, up 7.16% when compared to the last year. PPF Banka accounted for 1.04% of all custome...

PPF Banka's net profit fell 45.7% yoy to CZK 1,133 mil in 2020

By Helgi Analytics - September 28, 2021

PPF Banka made a net profit of CZK 1,133 mil in 2020, down 45.7% compared to the previous year. This implies a return on equity of 7.63%. Historically, the bank’s net profit reached an all time high of CZK 2,202 mil in 2018 and an all time low of CZK 103 mi...

PPF Banka's npls (as % of loans) rose 21.7% yoy to 8.26% in 2020

By Helgi Analytics - September 28, 2021

PPF Banka's non-performing loans reached 8.26% of total loans at the end of 2020, up from 6.79% compared to the previous year. Historically, the NPL ratio hit an all time high of 12.9% in 2018 and an all time low of 0.310% in 2006. Provision coverage amount...

PPF Banka's net profit fell 45.7% yoy to CZK 1,133 mil in 2020

By Helgi Analytics - September 28, 2021

PPF Banka made a net profit of CZK 1,133 mil under revenues of CZK 3,959 mil in 2020, up -45.7% and 12.0% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of CZK 2,202 mil in 2018 and an all time low of CZK 44.1...

PPF Banka's costs (as % of assets) rose 6.64% yoy to 0.453% in 2020

By Helgi Analytics - September 28, 2021

PPF Banka's cost to income ratio reached 22.7% in 2020, down from 27.7% compared to the previous year. Historically, the bank’s costs reached an all time high of 44.0% of income in 2014 and an all time low of 22.7% in 2020. When compared to total assets, b...

PPF Banka's costs (as % of assets) rose 6.64% yoy to 0.453% in 2020

By Helgi Analytics - September 28, 2021

PPF Banka's cost to income ratio reached 22.7% in 2020, down from 27.7% compared to the previous year. Historically, the bank’s costs reached an all time high of 44.0% of income in 2014 and an all time low of 22.7% in 2020. When compared to total assets, b...

PPF Banka's net interest margin fell 6.73% yoy to 1.66% in 2020

By Helgi Analytics - September 28, 2021

PPF Banka's net interest margin amounted to 1.66% in 2020, down from 1.78% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.22% in 2007 and an all time low of 1.33% in 2017. The average margin in ...

PPF Banka's net interest income fell 19.9% yoy to CZK 3,292 mil in 2020

By Helgi Analytics - September 28, 2021

PPF Banka generated total banking revenues of CZK 3,959 mil in 2020, up 12% 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 CZK 3,959 mil in 2020 and an all t...

PPF Banka's retail deposits rose 41.3% yoy to CZK 4,255 mil in 2018

By Helgi Analytics - October 9, 2019

PPF Banka's retail deposits reached CZK 4,255 mil in 2018, up 41.3% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,558 bil in 2018, up 7.94% when compared to the last year. PPF Banka accounted for 0.166% of all retai...

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PPF banka is a specialised corporate and investment bank providing financial advisory, banking and investment services. PPF banka focuses primarily on corporate and municipal clients, including local government entities and local authorities, and provides private banking services. PPF banka also serves as the central treasury bank for PPF Group and provides services to the Group in 12 countries worldwide. The Bank was founded in 1992 and then operated in the Czech market as Prvni mestska banka. PPF Group became the majority shareholder in 2002 and the City of Prague remains a minority shareholder.

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Finance

PPF Banka has been growing its revenues and asset by 12.0% and 12.5% a year on average in the last 10 years. Its loans and deposits have grown by 6.72% and 13.7% a year during that time and loans to deposits ratio reached 27.2% at the end of 2020. The company achieved an average return on equity of 14.4% in the last decade with net profit growing 5.55% a year on average. In terms of operating efficiency, its cost to income ratio reached 22.7% in 2020, compared to 32.5% average in the last decade.

Equity represented 9.08% of total assets or 43.1% of loans at the end of 2020. PPF Banka's non-performing loans were 8.26% of total loans while provisions covered some 70.3% of NPLs at the end of 2020.