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PPF Banka

PPF Banka's net interest margin rose 94.1% yoy to 2.57% in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's net interest margin amounted to 2.57% in the third quarter of 2022, up from 2.39% when compared to the previous quar...

PPF Banka's net profit rose 94.6% yoy to CZK 746 mil in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka made a net profit of CZK 746 mil in the third quarter of 2022, up 94.6% when compared to the same period of last year. ...

PPF Banka's net profit rose 94.6% yoy to CZK 746 mil in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka made a net profit of CZK 746 mil under revenues of CZK 1,261 mil in the third quarter of 2022, up 94.6% and 77.8% ...

Profit Statement 2019 2020 2021
Net Interest Income CZK mil 4,112 3,292 2,827
Net Fee Income CZK mil 130 209 224
Other Income CZK mil -706 458 211
Total Revenues CZK mil 3,536 3,959 3,263
Staff Cost CZK mil 393 435 445
Operating Profit CZK mil 2,555 3,061 1,907
Provisions CZK mil -74.0 1,750 -221
Net Profit CZK mil 2,088 1,133 1,747
Balance Sheet 2019 2020 2021
Interbank Loans CZK mil 3,636 4,130 134,780
Customer Loans CZK mil 41,109 35,745 43,351
Investments CZK mil 24,717 38,605 48,898
Total Assets CZK mil 226,958 169,723 236,622
Shareholders' Equity CZK mil 14,295 15,414 16,543
Interbank Borrowing CZK mil 25,743 1,993 40,966
Customer Deposits CZK mil 172,805 131,462 145,548
Issued Debt Securities CZK mil 3,536 3,122 4,411
Ratios 2019 2020 2021
ROE % 16.1 7.63 10.9
ROA % 0.904 0.571 0.860
Costs (As % Of Assets) % 0.425 0.453 0.667
Costs (As % Of Income) % 27.7 22.7 41.5
Capital Adequacy Ratio % 18.3 24.5 20.3
Net Interest Margin % 1.78 1.66 1.39
Loans (As % Of Deposits) % 23.8 27.2 29.8
NPLs (As % Of Loans) % 6.79 8.26 4.14
Provisions (As % Of NPLs) % 35.3 70.3 61.7
Growth Rates 2019 2020 2021
Total Revenue Growth % -5.35 12.0 -17.6
Operating Cost Growth % 0.204 -8.46 50.9
Operating Profit Growth % -7.33 19.8 -37.7
Net Profit Growth % -5.18 -45.7 54.2
Customer Loan Growth % 19.4 -13.0 21.3
Total Asset Growth % -3.49 -25.2 39.4
Customer Deposit Growth % 30.1 -23.9 10.7
Shareholders' Equity Growth % 23.0 7.83 7.32
Employees 237 240 238

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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 2021
income statement                                        
Net Interest Income CZK mil                           2,645 2,163 2,457 3,468 4,112    
Total Revenues CZK mil                           3,226 2,872 3,038 3,736 3,536    
Operating Profit CZK mil                           2,382 1,915 2,085 2,757 2,555    
Net Profit CZK mil                           1,153 1,356 1,521 2,202 2,088    
balance sheet                                        
Interbank Loans CZK mil                           4,664 5,783 3,355 5,131 3,636    
Customer Loans CZK mil                           26,276 27,983 33,236 34,437 41,109    
Investments CZK mil                           37,907 42,626 37,900 31,440 24,717    
Total Assets CZK mil                           103,517 136,810 232,941 235,162 226,958    
                                           
Shareholders' Equity CZK mil                           7,375 8,863 10,144 11,620 14,295    
Interbank Borrowing CZK mil                           1,658 6,819 38,963 66,306 25,743    
Customer Deposits CZK mil                           58,440 103,060 157,384 132,785 172,805    
Issued Debt Securities CZK mil                           26,405 14,818 17,485 18,763 3,536    
ratios                                        
ROE % ...                         15.7 16.7 16.0 20.2 16.1    
ROA % ...                         1.09 1.13 0.823 0.941 0.904    
Costs (As % Of Assets) % ...                         0.797 0.796 0.515 0.418 0.425    
Costs (As % Of Income) %                           26.2 33.3 31.4 26.2 27.7    
Capital Adequacy Ratio % ... ... ...                     14.6 14.8 16.2 16.3 18.3    
Net Interest Margin % ...                         2.50 1.80 1.33 1.48 1.78    
Interest Income (As % Of Revenues) %                           82.0 75.3 80.9 92.8 116    
Fee Income (As % Of Revenues) %                           7.01 7.03 4.25 3.53 3.68    
Staff Cost (As % Of Total Cost) %                           35.9 36.9 36.8 39.0 40.1    
Equity (As % Of Assets) %                           7.12 6.48 4.35 4.94 6.30    
Loans (As % Of Deposits) %                           45.0 27.2 21.1 25.9 23.8    
Loans (As % Assets) %                           25.4 20.5 14.3 14.6 18.1    
NPLs (As % Of Loans) % ...                         8.95 7.63 10.4 12.9 6.79    
Provisions (As % Of NPLs) % ...     ...                   64.7 58.2 29.9 29.0 35.3    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                        
Interest Income CZK mil                           3,351 2,739 2,902 4,314 6,073    
Interest Cost CZK mil                           706 576 445 846 1,961    
Net Interest Income CZK mil                           2,645 2,163 2,457 3,468 4,112    
Net Fee Income CZK mil                           226 202 129 132 130    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 209    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 79.0    
Other Income CZK mil                           355 507 452 136 -706    
Total Revenues CZK mil                           3,226 2,872 3,038 3,736 3,536    
Staff Cost CZK mil                           303 353 351 382 393    
Depreciation CZK mil                           32.0 27.0 31.0 40.0 74.0    
Other Cost CZK mil                           509 577 571 557 514    
Operating Cost CZK mil                           844 957 953 979 981    
Operating Profit CZK mil                           2,382 1,915 2,085 2,757 2,555    
Provisions CZK mil                           939 285 177 68.0 -74.0    
Extra and Other Cost CZK mil                           0 0 0 0 0    
Pre-Tax Profit CZK mil                           1,443 1,630 1,908 2,689 2,629    
Tax CZK mil                           290 274 387 487 541    
Minorities CZK mil                           0 0 0 0 0    
Net Profit CZK mil                           1,153 1,356 1,521 2,202 2,088    
Net Profit Avail. to Common CZK mil                           1,153 1,356 1,521 2,202 2,088    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0    
growth rates                                        
Net Interest Income Growth % ...                         24.0 -18.2 13.6 41.1 18.6    
Net Fee Income Growth % ...                         -19.3 -10.6 -36.1 2.33 -1.52    
Total Revenue Growth % ...                         33.6 -11.0 5.78 23.0 -5.35    
Operating Cost Growth % ...                         -20.5 13.4 -0.418 2.73 0.204    
Operating Profit Growth % ...                         76.1 -19.6 8.88 32.2 -7.33    
Pre-Tax Profit Growth % ...                         61.6 13.0 17.1 40.9 -2.23    
Net Profit Growth % ...                         64.7 17.6 12.2 44.8 -5.18    
market share                                        
Market Share in Revenues %                           1.85 1.59 1.70 1.96 1.75    
Market Share in Net Profit %                           1.74 1.83 2.02 2.70 2.29    
Market Share in Employees %                           0.476 0.512 0.537 0.561 0.570    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ...       0.185 0.196 0.103 0.102 0.105   ...
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                        
Cash & Cash Equivalents CZK mil                           31,952 60,032 156,926 163,539 156,713    
Interbank Loans CZK mil                           4,664 5,783 3,355 5,131 3,636    
Customer Loans CZK mil                           26,276 27,983 33,236 34,437 41,109    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 117   ...
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15,806   ...
Investments CZK mil                           37,907 42,626 37,900 31,440 24,717    
Property and Equipment CZK mil                           83.0 86.0 132 182 167    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 193    
Total Assets CZK mil                           103,517 136,810 232,941 235,162 226,958    
                                           
Shareholders' Equity CZK mil                           7,375 8,863 10,144 11,620 14,295    
Of Which Minority Interest CZK mil                           0 0 0 0 0    
Liabilities CZK mil                           96,142 127,947 222,797 223,542 212,663    
Interbank Borrowing CZK mil                           1,658 6,819 38,963 66,306 25,743    
Customer Deposits CZK mil                           58,440 103,060 157,384 132,785 172,805    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ...   24,018 5,143 3,011 4,255 5,730    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ...   13,400 59,046 32,085 17,509 16,313    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...     41,202 77,785 135,662 116,334 ... ... ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...     17,326 25,275 21,722 16,451 ... ... ...
Issued Debt Securities CZK mil                           26,405 14,818 17,485 18,763 3,536    
Other Liabilities CZK mil                           9,639 3,250 8,965 5,688 10,579    
asset quality                                        
Non-Performing Loans CZK mil ...                         2,496 2,235 3,567 4,612 2,861    
Gross Loans CZK mil                           27,891 29,283 34,303 35,774 42,119    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ...   60,407 64,192 70,053 70,034 56,042    
Total Provisions CZK mil ...                         1,615 1,300 1,067 1,337 1,010    
growth rates                                        
Customer Loan Growth % ...                         12.0 6.50 18.8 3.61 19.4    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Total Asset Growth % ...                         -4.36 32.2 70.3 0.953 -3.49    
Shareholders' Equity Growth % ...                         0.354 20.2 14.5 14.6 23.0    
Customer Deposit Growth % ...                         -25.9 76.4 52.7 -15.6 30.1    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... -35.9 -78.6 -41.5 41.3 34.7    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... -22.4 341 -45.7 -45.4 -6.83    
market share                                        
Market Share in Customer Loans %                           0.944 0.948 1.08 1.04 1.19    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.41   ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.007   ...
Market Share in Total Assets %                           1.87 2.27 3.30 3.21 3.01    
Market Share in Customer Deposits %                           1.66 2.74 3.77 2.99 3.65    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ...   1.18 0.233 0.127 0.166 0.210    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ...   1.45 6.45 3.22 1.68 1.49    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                         
ROE % ...                         15.7 16.7 16.0 20.2 16.1    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... 13.9 14.5 15.1 21.0 22.1    
ROA % ...                         1.09 1.13 0.823 0.941 0.904    
Return on Loans % ...                         4.64 5.00 4.97 6.51 5.53    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... 4.29 3.07 3.11 3.94 4.05    
Costs (As % Of Assets) % ...                         0.797 0.796 0.515 0.418 0.425    
Costs (As % Of Income) %                           26.2 33.3 31.4 26.2 27.7    
Costs (As % Of Loans) % ...                         3.39 3.53 3.11 2.89 2.60    
Costs (As % Of Loans & Deposits) % ...                         0.902 0.887 0.593 0.547 0.515    
Capital Adequacy Ratio % ... ... ...                     14.6 14.8 16.2 16.3 18.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... 12.0 13.4 14.2 16.3 18.3    
Net Interest Margin % ...                         2.50 1.80 1.33 1.48 1.78    
Interest Spread % ...                         2.45 1.77 1.32 1.46 1.73    
Asset Yield % ...                         3.16 2.28 1.57 1.84 2.63    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... 5.81 4.61 4.53 5.33 5.61    
Cost Of Liabilities % ...                         0.717 0.514 0.254 0.379 0.899    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0    
Interest Income (As % Of Revenues) %                           82.0 75.3 80.9 92.8 116    
Fee Income (As % Of Revenues) %                           7.01 7.03 4.25 3.53 3.68    
Other Income (As % Of Revenues) %                           11.0 17.7 14.9 3.64 -20.0    
Staff Cost (As % Of Total Cost) %                           35.9 36.9 36.8 39.0 40.1    
Equity (As % Of Assets) %                           7.12 6.48 4.35 4.94 6.30    
Equity (As % Of Loans) %                           28.1 31.7 30.5 33.7 34.8    
Loans (As % Of Deposits) %                           45.0 27.2 21.1 25.9 23.8    
Loans (As % Assets) %                           25.4 20.5 14.3 14.6 18.1    
NPLs (As % Of Loans) % ...                         8.95 7.63 10.4 12.9 6.79    
Provisions (As % Of NPLs) % ...     ...                   64.7 58.2 29.9 29.0 35.3    
Provisions (As % Of Loans) % ...                         6.15 4.65 3.21 3.88 2.46    
Cost of Provisions (As % Of Loans) % ...                         3.78 1.05 0.578 0.201 -0.196    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                         
Branches ... ... ... ... ... ... ... ... ... ...       4.00 4.00 2.00 2.00 2.00    
Employees                           196 210 225 235 237    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ...       49.0 52.5 113 118 119    
Cost Per Employee USD per month                           5,397 5,552 5,540 6,192 6,130    
Cost Per Employee (Local Currency) CZK per month                           128,827 140,079 130,000 135,461 138,186    
customer breakdown Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                         
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ...     1,282,000 1,352,000 1,393,000 1,451,000 1,444,000   ...

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PPF Banka's employees fell 0.210% yoy to 238 in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka employed 238 persons in 2022-09-30, up 1.50% when compared to the previous year. Historically, the bank's workforce hit an all time high of 242 persons in 2020-06-30 and an all time low of 182 in 2012-12-31. Average cost reached USD 6,867 per month per ...

PPF Banka's customer loans rose 3.69% yoy to CZK 45,000 mil in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's customer loans reached CZK 45,000 mil in 2022-09-30, up 1.12% compared to the previous year. Czech banking sector provided customer loans of CZK 4,064 bil in 2022-09-30, up 2.69% when compared to the last year. PPF Banka accounted for 1.11% of...

PPF Banka's customer deposits rose 12.7% yoy to CZK 160,000 mil in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's customer deposits reached CZK 160,000 mil in 2022-09-30, up 3.23% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,417 bil in 2022-09-30, up 1.21% when compared to the last year. PPF Banka accounted for 2...

PPF Banka's capital adequacy ratio fell 11.6% yoy to 20.4% in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's capital adequacy ratio reached 20.4% at the end of third quarter of 2022, up from 19.7% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 24.5% in 4Q2020 and an all time low of 12.9% in 3Q2014. T...

PPF Banka's net interest income rose 159% yoy to CZK 1,744 mil in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka generated total banking revenues of CZK 1,261 mil in the third quarter of 2022, up 77.8% when compared to the same period of last year and 36.8% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee...

PPF Banka's npls (as % of loans) rose 23.6% yoy to 4.30% in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's non-performing loans reached 4.30% of total loans at the end of 2022-09-30, up from 3.47% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.5% in 2016-06-30 and an all time low of 0.283% in 2012-09-30. Provisi...

PPF Banka's total revenues fell 38.2% yoy to CZK 922 mil in 2Q2022

By Helgi Analytics - November 24, 2022

PPF Banka generated total banking revenues of CZK 922 mil in 2022-06-30, down 40.6% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 58,487 mil in 2022-06-30, down 1.22% when compared to the last year....

PPF Banka's retail deposits fell 7.64% yoy to CZK 5,114 mil in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's retail deposits reached CZK 5,114 mil in 2022-09-30, down 0% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,346 bil in 2022-09-30, up 0.685% when compared to the last year. PPF Banka accounted for 0.153% ...

PPF Banka's retail loans remain unchanged yoy at CZK 127 mil in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's retail loans reached CZK 127 mil in the third quarter of 2022, down 0% compared to the previous year. Czech banking sector provided retail loans of CZK 2,121 bil in 3Q2022, up 1.19% when compared to the last year. PPF Banka accounted for 0.006...

PPF Banka's costs (as % of assets) fell 24.7% yoy to 0.477% in 3Q2022

By Helgi Analytics - November 24, 2022

PPF Banka's cost to income ratio reached 25.6% in the third quarter of 2022, down from 32.1% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 317% of income in 1Q2021 and an all time low of 14.0% in 1Q2020. ...

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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 9.50% and 13.7% a year on average in the last 10 years. Its loans and deposits have grown by 7.46% and 12.2% a year during that time and loans to deposits ratio reached 29.8% at the end of 2021. The company achieved an average return on equity of 14.1% in the last decade with net profit growing 11.2% a year on average. In terms of operating efficiency, its cost to income ratio reached 41.5% in 2021, compared to 32.3% average in the last decade.

Equity represented 6.99% of total assets or 38.2% of loans at the end of 2021. PPF Banka's non-performing loans were 4.14% of total loans while provisions covered some 61.7% of NPLs at the end of 2021.