PPF Group

PPF Group's corporate loans rose 18.7% to EUR 1,516 mil in 2016

By Helgi Analytics - November 05, 2019

PPF Group's loans reached EUR 12,267 mil in the 2016, up from EUR 8,020 mil compared to the previous year. Historically...

PPF Group's npls (as % of loans) fell 34.5% to 10.9% in 2016

By Helgi Analytics - November 05, 2019

PPF Group's non-performing loans reached 10.9% of total loans at the end of 2016, down from 16.7% compared to the previous year. ...

PPF Group's net profit rose 227% to EUR 1,031 mil in 2016

By Helgi Analytics - November 05, 2019

PPF Group made a net profit of EUR 1,031 mil in 2016, up 227% compared to the previous year. This implies a return on equity of ...

Profit Statement 2014 2015 2016
Net Interest Income EUR mil 1,685 1,281 1,587
Fee Income (As % Of Revenues) % 10.5 9.00 12.1
Other Income EUR mil 1,913 1,913 1,458
Total Revenues EUR mil 4,020 3,510 3,463
Staff Cost EUR mil 730 683 764
Operating Profit EUR mil 1,352 1,057 1,363
Provisions EUR mil 1,186 867 930
Net Profit EUR mil 356 315 1,031
Balance Sheet 2014 2015 2016
Interbank Loans EUR mil 695 549 840
Customer Loans EUR mil 7,060 7,153 11,337
Debt Securities EUR mil 4,015 3,560 4,264
Total Assets EUR mil 21,893 21,611 27,041
Shareholders' Equity EUR mil 5,694 5,680 6,763
Interbank Borrowing EUR mil 5,301 5,342 8,111
Customer Deposits EUR mil 6,587 6,756 8,373
Issued Debt Securities EUR mil 1,579 1,690 1,545
Ratios 2014 2015 2016
ROE % 6.37 5.54 16.6
ROA % 1.66 1.45 4.24
Costs (As % Of Assets) % 12.5 10.7 8.63
Costs (As % Of Income) % 66.4 66.5 60.6
Net Interest Margin % 7.87 5.89 6.52
Loans (As % Of Deposits) % 107 106 135
NPLs (As % Of Loans) % 20.2 16.7 10.9
Provisions (As % Of NPLs) % 71.3 64.7 69.3
Growth Rates 2014 2015 2016
Total Revenue Growth % 16.4 -12.7 -1.34
Operating Cost Growth % 49.5 -12.6 -9.99
Operating Profit Growth % -19.0 -21.8 28.9
Net Profit Growth % -20.9 -11.5 227
Customer Loan Growth % -27.7 1.32 58.5
Total Asset Growth % 4.74 -1.29 25.1
Customer Deposit Growth % -24.9 2.57 23.9
Shareholders' Equity Growth % 3.72 -0.246 19.1

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
income statement                      
Net Interest Income EUR mil         667 747 1,196 2,049 1,685    
Total Revenues EUR mil         1,389 1,735 2,595 3,454 4,020    
Operating Profit EUR mil         401 588 1,152 1,669 1,352    
Net Profit EUR mil         336 216 727 450 356    
balance sheet                      
Interbank Loans EUR mil         1,015 1,231 907 1,203 695    
Customer Loans EUR mil         3,065 4,093 8,086 9,763 7,060    
Debt Securities EUR mil         1,097 1,358 2,797 1,998 4,015    
Total Assets EUR mil         12,383 14,357 21,538 20,903 21,893    
Shareholders' Equity EUR mil         4,454 4,492 5,746 5,490 5,694    
Interbank Borrowing EUR mil         3,169 3,698 4,231 2,365 5,301    
Customer Deposits EUR mil         2,063 3,420 7,991 8,776 6,587    
Issued Debt Securities EUR mil         1,526 1,554 1,907 2,146 1,579    
ratios                      
ROE %         7.99 4.83 14.2 8.01 6.37    
ROA %         2.90 1.62 4.05 2.12 1.66    
Costs (As % Of Assets) %         8.52 8.58 8.04 8.41 12.5    
Costs (As % Of Income) %         71.1 66.1 55.6 51.7 66.4    
Net Interest Margin %         5.75 5.59 6.66 9.66 7.87    
Interest Income (As % Of Revenues) %         48.0 43.1 46.1 59.3 41.9    
Fee Income (As % Of Revenues) %         14.9 16.9 25.0 17.6 10.5    
Staff Cost (As % Of Total Cost) %         45.0 38.4 44.7 36.0 27.4    
Equity (As % Of Assets) %         36.0 31.3 26.7 26.3 26.0    
Loans (As % Of Deposits) %         149 120 101 111 107    
Loans (As % Assets) %         24.8 28.5 37.5 46.7 32.2    
NPLs (As % Of Loans) %         15.4 8.55 8.74 13.9 20.2    
Provisions (As % Of NPLs) %         92.5 109 101 87.8 71.3    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
income statement                      
Interest Income EUR mil         989 1,111 1,883 2,960 2,470    
Interest Cost EUR mil         322 364 687 911 785    
Net Interest Income EUR mil         667 747 1,196 2,049 1,685    
Net Fee Income EUR mil         207 293 649 608 422    
Other Income EUR mil         515 695 750 797 1,913    
Total Revenues EUR mil         1,389 1,735 2,595 3,454 4,020    
Staff Cost EUR mil         445 441 645 643 730    
Depreciation EUR mil         67.0 65.0 91.0 125 501    
Other Cost EUR mil         476 641 707 1,017 1,437    
Operating Cost EUR mil         988 1,147 1,443 1,785 2,668    
Operating Profit EUR mil         401 588 1,152 1,669 1,352    
Provisions EUR mil         482 445 796 1,359 1,186    
Extra and Other Cost EUR mil         -352 -280 -499 -228 -384    
Pre-Tax Profit EUR mil         458 363 976 591 455    
Tax EUR mil         121 133 167 121 83.0    
Minorities EUR mil         9.00 5.00 82.0 20.0 16.0    
Net Profit EUR mil         336 216 727 450 356    
growth rates                      
Net Interest Income Growth % ...       7.58 12.0 60.1 71.3 -17.8    
Net Fee Income Growth % ...       31.0 41.5 122 -6.32 -30.6    
Total Revenue Growth % ...       45.3 24.9 49.6 33.1 16.4    
Operating Cost Growth % ...       63.3 16.1 25.8 23.7 49.5    
Operating Profit Growth % ...       14.2 46.6 95.9 44.9 -19.0    
Pre-Tax Profit Growth % ...       39.2 -20.7 169 -39.4 -23.0    
Net Profit Growth % ...       16.3 -35.7 237 -38.1 -20.9    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
balance sheet                      
Cash EUR mil         345 721 1,873 1,875 2,148    
Interbank Loans EUR mil         1,015 1,231 907 1,203 695    
Customer Loans EUR mil         3,065 4,093 8,086 9,763 7,060    
Mortgage Loans EUR mil ...       164 111 95.0 89.0 73.0    
Consumer Loans EUR mil ...       2,491 3,529 7,181 8,268 5,948    
Corporate Loans EUR mil ...       410 453 810 1,406 1,044    
Debt Securities EUR mil         1,097 1,358 2,797 1,998 4,015    
Fixed Assets EUR mil         839 849 1,232 1,195 4,657    
Total Assets EUR mil         12,383 14,357 21,538 20,903 21,893    
Shareholders' Equity EUR mil         4,454 4,492 5,746 5,490 5,694    
Of Which Minority Interest EUR mil         30.0 224 419 428 815    
Liabilities EUR mil         7,929 9,865 15,792 15,413 16,199    
Interbank Borrowing EUR mil         3,169 3,698 4,231 2,365 5,301    
Customer Deposits EUR mil         2,063 3,420 7,991 8,776 6,587    
Issued Debt Securities EUR mil         1,526 1,554 1,907 2,146 1,579    
Other Liabilities EUR mil         1,171 1,193 1,663 2,126 2,732    
asset quality                      
Non-Performing Loans EUR mil         521 409 788 1,548 1,663    
Gross Loans EUR mil         3,390 4,784 9,020 11,122 8,246    
Provisions EUR mil         482 445 796 1,359 1,186    
growth rates                      
Customer Loan Growth % ...       35.6 33.5 97.6 20.7 -27.7    
Retail Loan Growth % ... ...     28.9 37.1 99.9 14.9 -28.0    
Mortgage Loan Growth % ... ...     -16.3 -32.3 -14.4 -6.32 -18.0    
Consumer Loan Growth % ... ...     33.6 41.7 103 15.1 -28.1    
Corporate Loan Growth % ... ...     104 10.5 78.8 73.6 -25.7    
Total Asset Growth % ...       14.6 15.9 50.0 -2.95 4.74    
Shareholders' Equity Growth % ...       12.6 0.853 27.9 -4.46 3.72    
Customer Deposit Growth % ...       32.3 65.8 134 9.82 -24.9    
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
ratios                      
ROE %         7.99 4.83 14.2 8.01 6.37    
ROA %         2.90 1.62 4.05 2.12 1.66    
Costs (As % Of Assets) %         8.52 8.58 8.04 8.41 12.5    
Costs (As % Of Income) %         71.1 66.1 55.6 51.7 66.4    
Net Interest Margin %         5.75 5.59 6.66 9.66 7.87    
Interest Spread % ...       4.17 4.22 5.14 8.11 6.58    
Asset Yield %         8.53 8.31 10.5 13.9 11.5    
Cost Of Liabilities % ...       4.36 4.09 5.36 5.84 4.97    
Interest Income (As % Of Revenues) %         48.0 43.1 46.1 59.3 41.9    
Fee Income (As % Of Revenues) %         14.9 16.9 25.0 17.6 10.5    
Other Income (As % Of Revenues) %         37.1 40.1 28.9 23.1 47.6    
Staff Cost (As % Of Total Cost) %         45.0 38.4 44.7 36.0 27.4    
Equity (As % Of Assets) %         36.0 31.3 26.7 26.3 26.0    
Loans (As % Of Deposits) %         149 120 101 111 107    
Loans (As % Assets) %         24.8 28.5 37.5 46.7 32.2    
NPLs (As % Of Loans) %         15.4 8.55 8.74 13.9 20.2    
Provisions (As % Of NPLs) %         92.5 109 101 87.8 71.3    
Provisions (As % Of Loans) %         15.7 10.9 9.84 13.9 16.8    
Cost of Provisions (As % Of Loans) %         11.1 14.1 11.1 14.6 15.2    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
other data                      
Earnings From Generali PPF Holding EUR mil ... ...     114 136 81.0 66.0 ... ... ...
Earnings From Nomos-Bank EUR mil ... ...     55.0 44.0 -73.0 233 76.0 ... ...
Earnings From Polymetal EUR mil ... ...     42.0 38.0 92.0 -26.0 -28.0 ... ...
Earnings From EP Holding EUR mil ... ...     140 29.0 153 ... ... ... ...
Earnings From PSJ EUR mil ... ...     1.00 2.00 1.00 ... ... ... ...
Earnings From Real Estate Projects EUR mil ... ...     0 6.00 13.0 ... ... ... ...
Earnings From Sazka EUR mil ... ...     0 -5.00 7.00 ... ... ... ...
Equity of Home Credit EUR mil ...       1,077 1,010 1,573 1,603 1,231   ...
Equity of Real Estate Segment EUR mil ...       265 321 370 474 361   ...
Equity of Retail Segment EUR mil ...       899 141 196 59.0 1.00   ...
Equity of Insurance Segment EUR mil ...       2,683 2,566 2,751 59.0 1,166   ...
Equity of Other Banking Segment EUR mil ...       717 794 339 330 368   ...
Equity of Agriculture Segment EUR mil ...       0 6.00 6.00 ... ... ... ...
Loans in Russia EUR mil ...       2,667 4,045 8,458 8,107 4,706 ... ...
Loans in the Czech Republic EUR mil ...       2,064 2,488 3,259 3,714 4,032 ... ...
Loans in Slovakia EUR mil ...       384 389 502 504 472 ... ...
Loans in Cyprus EUR mil ...       296 336 219 298 311 ... ...
Loans in Other EU Countries EUR mil ...       129 299 570 457 611 ... ...
Loans in China EUR mil ...       124 306 381 702 1,081 ... ...
Loans in Vietnam EUR mil ...       0 129 200 234 242 ... ...
Loans in Netherlands EUR mil ...       98.0 120 153 29.0 120 ... ...
Loans in Other Countries EUR mil ...       728 588 994 339 739 ... ...

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Dec 2013
Company Report

PPF Group's net interest margin rose 10.8% to 6.52% in 2016

By Helgi Analytics - November 05, 2019

PPF Group's net interest margin amounted to 6.52% in 2016, up from 5.89% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 9.66% in 2013 and an all time low of 5.59% in 2011. The average margin in th...

PPF Group's net interest income rose 23.9% to EUR 1,587 mil in 2016

By Helgi Analytics - November 05, 2019

PPF Group generated total banking revenues of EUR 3,463 mil in 2016, down 1.34% 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 EUR 4,020 mil in 2014 and an a...

More News

PPF Group is a privately held financial financial group. It develops its activities mainly in the Czech Republic, Slovakia, Russia, Ukraine, Kazakhstan, Vietnam and China. The Company invests into multiple market sectors such as banking, financial services, insurance, real estate, energy, metal mining, agriculture, retail and biotechnology. History of PPF dates back to the early 1990s, when investment funds were set up to invest into state-owned companies as part of the voucher privatization. Petr Kellner's PPF (then called První privatizační fond, or the First Privatisation Fund) has built a 25% stake in Česká Pojišťovna, the largest insurance company in the country, which paved the way for other ventures in the years to come. At the end of 2012, PPF Group had assets worth of EUR 21.5 bil and Petr Kellner held 94% in the Company

Finance

PPF Group has been growing its revenues and asset by 19.8% and 12.7% a year on average in the last 10 years. Its loans and deposits have grown by 21.5% and 28.7% a year during that time and loans to deposits ratio reached 135% at the end of 2016. The company achieved an average return on equity of 18.6% in the last decade with net profit growing 10.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 60.6% in 2016, compared to 63.8% average in the last decade.

Equity represented 25.0% of total assets or 59.7% of loans at the end of 2016. PPF Group's non-performing loans were 10.9% of total loans while provisions covered some 69.3% of NPLs at the end of 2016.

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