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Privredna Banka Zagreb

Privredna Banka's branches rose 21.4% to 301 in 2017

By Helgi Library - July 3, 2018

Privredna Banka Zagreb employed 4,922 persons in 2017, up 1.44% compared to the previous year. Historically, the bank's workforc...

Privredna Banka's employees rose 1.44% to 4,922 in 2017

By Helgi Library - July 3, 2018

Privredna Banka Zagreb employed 4,922 persons in 2017, up 1.44% when compared to the previous year. Historically, the bank's wor...

Privredna Banka's customer deposits rose 5.21% to HRK 78,157 mil in 2017

By Helgi Library - July 2, 2018

Privredna Banka Zagreb's customer deposits reached HRK 78,157 mil in 2017, up 5.21% compared to the previous year. Croatian ban...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 2,515 2,950 2,974
Net Fee Income HRK mil 1,228 1,440 1,501
Other Income HRK mil 256 834 433
Total Revenues HRK mil 3,999 5,224 4,908
Staff Cost HRK mil 851 1,081 1,102
Operating Profit HRK mil 1,929 2,741 2,465
Provisions HRK mil 1,462 602 823
Net Profit HRK mil 365 1,660 1,331
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 3,450 3,614 2,414
Customer Loans HRK mil 62,305 65,177 64,900
Total Assets HRK mil 95,791 99,708 102,912
Shareholders' Equity HRK mil 15,406 16,750 16,599
Interbank Borrowing HRK mil 1,257 1,595 1,191
Customer Deposits HRK mil 71,745 74,284 78,157
Issued Debt Securities HRK mil 5,029 4,236 3,784
Ratios 2015 2016 2017
ROE % 2.48 10.3 7.98
ROA % 0.419 1.70 1.31
Costs (As % Of Assets) % 2.38 2.54 2.41
Costs (As % Of Income) % 51.8 47.5 49.8
Capital Adequacy Ratio % 22.3 24.8 23.2
Net Interest Margin % 2.89 3.02 2.94
Loans (As % Of Deposits) % 86.8 87.7 83.0
NPLs (As % Of Loans) % 11.9 9.70 8.96
Provisions (As % Of NPLs) % 70.5 62.7 62.2
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.01 30.6 -6.05
Operating Cost Growth % -0.097 20.0 -1.61
Operating Profit Growth % 2.23 42.1 -10.1
Net Profit Growth % -62.9 355 -19.8
Customer Loan Growth % 21.7 4.61 -0.425
Total Asset Growth % 22.3 4.09 3.21
Customer Deposit Growth % 29.6 3.54 5.21
Shareholders' Equity Growth % 9.86 8.72 -0.901
Employees 3,580 4,852 4,922

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summary Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                          
Net Interest Income HRK mil                             2,480 2,406 2,257 2,454 2,515    
Total Revenues HRK mil                             3,874 3,761 3,726 3,959 3,999    
Operating Profit HRK mil                             1,950 1,815 1,713 1,887 1,929    
Net Profit HRK mil                             1,268 1,014 821 985 365    
balance sheet                                          
Interbank Loans HRK mil                             7,036 6,250 6,039 5,585 3,450    
Customer Loans HRK mil                             51,398 49,960 48,274 51,187 62,305    
Debt Securities HRK mil                             4,723 5,103 5,611 6,948 7,109    
Total Assets HRK mil                             74,154 72,554 70,117 78,328 95,791    
Shareholders' Equity HRK mil                             12,322 12,788 13,495 14,023 15,406    
Interbank Borrowing HRK mil                             2,994 727 1,047 1,299 1,257    
Customer Deposits HRK mil                             47,431 48,143 51,100 55,346 71,745    
Issued Debt Securities HRK mil                             9,311 8,936 7,599 5,569 5,029    
ratios                                          
ROE %                             10.7 8.08 6.25 7.16 2.48    
ROA %                             1.74 1.38 1.15 1.33 0.419    
Costs (As % Of Assets) %                             2.64 2.65 2.82 2.79 2.38    
Costs (As % Of Income) %                             49.7 51.7 54.0 52.3 51.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...           21.6 21.8 24.2 22.1 22.3    
Net Interest Margin %                             3.41 3.28 3.16 3.31 2.89    
Interest Income (As % Of Revenues) %                             64.0 64.0 60.6 62.0 62.9    
Fee Income (As % Of Revenues) %                             28.7 29.0 29.3 30.1 30.7    
Staff Cost (As % Of Total Cost) %                             40.0 37.2 37.3 42.2 41.1    
Equity (As % Of Assets) %                             16.6 17.6 19.2 17.9 16.1    
Loans (As % Of Deposits) %                             108 104 94.5 92.5 86.8    
Loans (As % Assets) %                             69.3 68.9 68.8 65.3 65.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...           7.37 11.7 14.6 13.9 11.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           79.3 58.8 56.9 62.9 70.5    
valuation                                          
Book Value Per Share Growth % ...                           12.7 -2.98 -6.19 8.73 2.49    
income statement Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                          
Interest Income HRK mil                             3,935 3,850 3,475 3,589 3,445    
Interest Cost HRK mil                             1,455 1,444 1,218 1,135 930    
Net Interest Income HRK mil                             2,480 2,406 2,257 2,454 2,515    
Net Fee Income HRK mil                             1,112 1,090 1,090 1,191 1,228    
Other Income HRK mil                             282 265 379 314 256    
Total Revenues HRK mil                             3,874 3,761 3,726 3,959 3,999    
Staff Cost HRK mil                             770 724 751 874 851    
Depreciation HRK mil                             213 191 183 181 174    
Other Cost HRK mil                             941 1,031 1,079 1,017 1,045    
Operating Cost HRK mil                             1,924 1,946 2,013 2,072 2,070    
Operating Profit HRK mil                             1,950 1,815 1,713 1,887 1,929    
Provisions HRK mil                             369 543 661 644 1,462    
Extra and Other Cost HRK mil                             0 0 0 0 0    
Pre-Tax Profit HRK mil                             1,581 1,272 1,052 1,243 467    
Tax HRK mil                             313 258 231 254 97.0    
Minorities HRK mil                             0 0 0 0.004 0.005    
Net Profit HRK mil                             1,268 1,014 821 985 365    
growth rates                                          
Net Interest Income Growth % ...                           12.7 -2.98 -6.19 8.73 2.49    
Net Fee Income Growth % ...                           2.02 -1.98 0 9.27 3.11    
Total Revenue Growth % ...                           8.97 -2.92 -0.931 6.25 1.01    
Operating Cost Growth % ...                           2.50 1.14 3.44 2.93 -0.097    
Operating Profit Growth % ...                           16.2 -6.92 -5.62 10.2 2.23    
Pre-Tax Profit Growth % ...                           24.1 -19.5 -17.3 18.2 -62.4    
Net Profit Growth % ...                           24.1 -20.0 -19.0 20.0 -62.9    
market share                                          
Market Share in Revenues % ...                           24.1 25.3 25.9 27.4 27.5    
Market Share in Net Profit %   ...                         33.5 37.2 173 71.4 ...    
Market Share in Employees % ...                           18.0 15.1 15.0 17.1 17.1    
Market Share in Bank Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 25.8 27.1 29.0    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ...         17.1 16.8 16.6 16.5 21.3    
balance sheet Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                          
Cash HRK mil                             9,636 9,838 9,537 12,379 14,545    
Interbank Loans HRK mil                             7,036 6,250 6,039 5,585 3,450    
Customer Loans HRK mil                             51,398 49,960 48,274 51,187 62,305    
Retail Loans HRK mil                             27,897 27,664 27,630 29,810 28,742    
Mortgage Loans HRK mil ... ... ... ... ... ... ... ... ... ...         10,700 10,600 10,300 10,200 9,800    
Consumer Loans HRK mil ... ... ... ... ... ... ... ... ... ...         17,197 17,064 17,330 19,610 18,942    
Corporate Loans HRK mil                             16,897 16,318 16,174 17,504 17,515    
Debt Securities HRK mil                             4,723 5,103 5,611 6,948 7,109    
Fixed Assets HRK mil                             1,361 1,403 1,378 1,380 1,314    
Total Assets HRK mil                             74,154 72,554 70,117 78,328 95,791    
Shareholders' Equity HRK mil                             12,322 12,788 13,495 14,023 15,406    
Of Which Minority Interest HRK mil                             0 0 0.036 0.040 1,114    
Liabilities HRK mil                             61,832 59,766 61,792 64,305 80,385    
Interbank Borrowing HRK mil                             2,994 727 1,047 1,299 1,257    
Customer Deposits HRK mil                             47,431 48,143 51,100 55,346 71,745    
Retail Deposits HRK mil       ... ... ... ... ... ...           36,813 38,252 38,594 41,589 42,592    
Corporate Deposits HRK mil       ... ... ... ... ... ...           5,975 5,682 6,070 8,630 10,322    
Sight Deposits HRK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 21,374 25,084    
Term Deposits HRK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 33,972 33,096    
Issued Debt Securities HRK mil                             9,311 8,936 7,599 5,569 5,029    
Other Liabilities HRK mil                             2,096 1,960 2,046 2,091 2,354    
asset quality                                          
Non-Performing Loans HRK mil ... ... ... ... ... ... ... ... ...           4,065 6,309 7,024 7,809 6,647    
Gross Loans HRK mil                             55,179 54,004 48,274 56,101 55,672    
Total Provisions HRK mil                             3,225 3,709 3,997 4,914 4,687    
growth rates                                          
Customer Loan Growth % ...                           4.01 -2.80 -3.37 6.03 21.7    
Retail Loan Growth % ...                           2.52 -0.835 -0.123 7.89 -3.58    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ...       2.88 -0.935 -2.83 -0.971 -3.92    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ...       2.29 -0.773 1.56 13.2 -3.41    
Corporate Loan Growth % ...                           -6.44 -3.43 -0.882 8.22 0.063    
Total Asset Growth % ...                           3.84 -2.16 -3.36 11.7 22.3    
Shareholders' Equity Growth % ...                           8.72 3.78 5.53 3.91 9.86    
Customer Deposit Growth % ...                           0.801 1.50 6.14 8.31 29.6    
Retail Deposit Growth % ...     ... ... ... ... ... ... ...         2.99 3.91 0.894 7.76 2.41    
Corporate Deposit Growth % ...     ... ... ... ... ... ... ...         -18.1 -4.90 6.83 42.2 19.6    
market share                                          
Market Share in Customer Loans %                             20.4 21.1 20.6 22.3 28.0    
Market Share in Corporate Loans %                             15.1 16.9 16.9 19.0 20.1    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ...         26.4 26.7 27.5 30.9 30.1    
Market Share in Consumer Loans %                             21.8 21.9 22.4 24.4 23.9    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ...         17.0 17.0 17.0 17.3 17.0    
Market Share in Total Assets %                             17.8 17.7 16.9 18.7 23.0    
Market Share in Customer Deposits %                             21.5 21.2 21.6 22.7 27.9    
Market Share in Retail Deposits %       ... ... ... ... ... ...           21.6 21.5 21.5 22.7 22.7    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ...           12.4 12.6 14.3 19.7 19.4    
ratios Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                          
ROE %                             10.7 8.08 6.25 7.16 2.48    
ROA %                             1.74 1.38 1.15 1.33 0.419    
Costs (As % Of Assets) %                             2.64 2.65 2.82 2.79 2.38    
Costs (As % Of Income) %                             49.7 51.7 54.0 52.3 51.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...           21.6 21.8 24.2 22.1 22.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ...           22.3 22.3 24.6 22.1 22.3    
Net Interest Margin %                             3.41 3.28 3.16 3.31 2.89    
Interest Spread % ...                           3.02 2.87 2.87 3.04 2.67    
Asset Yield %                             5.41 5.25 4.87 4.84 3.96    
Cost Of Liabilities % ...                           2.39 2.38 2.00 1.80 1.29    
Interest Income (As % Of Revenues) %                             64.0 64.0 60.6 62.0 62.9    
Fee Income (As % Of Revenues) %                             28.7 29.0 29.3 30.1 30.7    
Other Income (As % Of Revenues) %                             7.28 7.05 10.2 7.93 6.40    
Cost Per Employee USD per month ...                           3,050 3,165 3,374 3,385 2,973    
Cost Per Employee (Local Currency) HRK per month ...                           16,315 18,519 19,262 20,075 19,809    
Staff Cost (As % Of Total Cost) %                             40.0 37.2 37.3 42.2 41.1    
Equity (As % Of Assets) %                             16.6 17.6 19.2 17.9 16.1    
Loans (As % Of Deposits) %                             108 104 94.5 92.5 86.8    
Loans (As % Assets) %                             69.3 68.9 68.8 65.3 65.0    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...           7.37 11.7 14.6 13.9 11.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           79.3 58.8 56.9 62.9 70.5    
Provisions (As % Of Loans) %                             6.27 7.42 8.28 9.60 7.52    
Cost of Provisions (As % Of Loans) %                             0.732 1.07 1.35 1.29 2.58    
other data Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                          
Branches ... ... ... ... ... ... ... ... ... ...         217 211 203 197 250    
Employees ...                           3,933 3,258 3,249 3,628 3,580    
ATMs ... ... ... ... ... ... ... ... ... ...         655 670 657 678 781    
Clients mil ... ... ... ... ... ... ... ... ... ...         1.59 1.68 1.65 1.72 1.80    
Payment Cards '000 ... ... ... ... ... ... ... ... ... ...         2,260 2,230 2,255 2,308 2,491    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 38.6 35.0    

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Privredna Banka's mortgage loans rose 6.76% to HRK 10,743 mil in 2017

By Helgi Library - November 29, 2018

Privredna Banka Zagreb's mortgage loans reached HRK 10,743 mil in 2017, up 6.76% compared to the previous year. Croatian banking sector provided mortgage loans of HRK 50.7 bil in 2017, up 2.37% when compared to the last year. Privredna Banka Zagreb accoun...

Privredna Banka's payment cards rose 10.4% to 2,823 '000 in 2017

By Helgi Library - September 27, 2018

Privredna Banka Zagreb has issued total of 2,823 '000 payment cards at the end of 2017, up 10.4% compared to the previous year. Croatian banking sector banking sector issued total of 8,750 thous. of bank cards in 2017, up 0.585% when compared to t...

Privredna Banka's net profit fell 19.8% to HRK 1,331 mil in 2017

By Helgi Library - July 3, 2018

Privredna Banka Zagreb made a net profit of HRK 1,331 mil in 2017, down 19.8% compared to the previous year. This implies a return on equity of 7.98%. Historically, the bank’s net profit reached an all time high of HRK 1,660 mil in 2016 and an all time low of ...

Privredna Banka's total revenues fell 6.05% to HRK 4,908 mil in 2017

By Helgi Library - July 16, 2018

Privredna Banka Zagreb generated total banking revenues of HRK 4,908 mil in 2017, down 6.05% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to the last...

Privredna Banka's customer loans fell 0.425% to HRK 64,900 mil in 2017

By Helgi Library - July 2, 2018

Privredna Banka Zagreb's customer loans reached HRK 64,900 mil in 2017, down 0.425% compared to the previous year. Croatian banking sector provided customer loans of HRK 213 bil in 2017, down 0.828% when compared to the last year. Privredna Banka Zagreb a...

Privredna Banka's consumer loans rose 4.40% to HRK 24,624 mil in 2017

By Helgi Library - July 16, 2018

Privredna Banka Zagreb's consumer loans reached HRK 24,624 mil in 2017, up 4.40% compared to the previous year. Croatian banking sector provided consumer loans of HRK 64.2 bil in 2017, up 2.15% when compared to the last year. Privredna Banka Zagreb accoun...

Privredna Banka's corporate deposits rose 9.13% to HRK 16,515 mil in 2017

By Helgi Library - July 16, 2018

Privredna Banka Zagreb's corporate deposits reached HRK 16,515 mil in 2017, up 9.13% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Privredna Banka Zagre...

Privredna Banka's corporate loans fell 2.59% to HRK 23,158 mil in 2017

By Helgi Library - July 3, 2018

Privredna Banka Zagreb's loans reached HRK 68,730 mil in the 2017, down from HRK 69,400 mil compared to the previous year. Historically, the bank’s loans reached an all time high of HRK 69,400 mil in 2016 and an all time low of HRK 42,741 mil in 2007. I...

Privredna Banka's retail deposits rose 3.38% to HRK 55,568 mil in 2017

By Helgi Library - July 16, 2018

Privredna Banka Zagreb's retail deposits reached HRK 55,568 mil in 2017, up 3.38% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Privredna Banka Zagreb acco...

Privredna Banka's costs (as % of assets) fell 5.07% to 2.41% in 2017

By Helgi Library - July 3, 2018

Privredna Banka Zagreb's cost to income ratio reached 49.8% in 2017, up from 47.5% compared to the previous year. Historically, the bank’s costs reached an all time high of 54.0% of income in 2013 and an all time low of 47.5% in 2016. When compared to tota...

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Privredna banka Zagreb is the second largest bank in Croatia with roughly a 18% market share in total assets. The Bank offers a typical range of banking services and products such as savings, foreign currency, and current accounts; cash, housing, tourist, mortgage, consumer, car, education, and revolving loans; debit and credit cards; safety deposit boxes; and Internet banking services for retail segment. It also provides banking services for small, medium and large enterprises as well as investment banking and treasury services, asset management, private banking, or leasing, for example. The Bank operated a network of 250 branches and 781 ATMs and employed 3,580 people at the end of 2015. The Bank was founded in 1962 and is based in Zagreb, Croatia. Since its privatisation in 1999, it is a subsidiary of Intesa Sanpaolo.

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Finance

Privredna Banka Zagreb has been growing its revenues and asset by 3.72% and 4.30% a year on average in the last 10 years. Its loans and deposits have grown by 4.92% and 6.43% a year during that time and loans to deposits ratio reached 83.0% at the end of 2017. The company achieved an average return on equity of 8.56% in the last decade with net profit growing 1.55% a year on average. In terms of operating efficiency, its cost to income ratio reached 49.8% in 2017, compared to 51.4% average in the last decade.

Equity represented 16.1% of total assets or 25.6% of loans at the end of 2017. Privredna Banka Zagreb's non-performing loans were 8.96% of total loans while provisions covered some 62.2% of NPLs at the end of 2017.