Profi Credit Czech

Profi Credit's net interest margin rose 9.46% to 24.7% in 2018

By Helgi Analytics - August 28, 2019

Profi Credit Czech's net interest margin amounted to 24.7% in 2018, up from 22.6% compared to the previous year. Historica...

Profi Credit's net profit rose 21.7% to CZK 226 mil in 2018

By Helgi Analytics - August 28, 2019

Profi Credit Czech made a net profit of CZK 226 mil under revenues of CZK 965 mil in 2018, up 21.7% and 3.38% respectively compared t...

Profi Credit's npls (as % of loans) rose 1.28% to 72.2% in 2018

By Helgi Analytics - August 28, 2019

Profi Credit Czech's non-performing loans reached 72.2% of total loans at the end of 2018, up from 71.3% compared to the previous...

Profit Statement 2016 2017 2018
Net Interest Income CZK mil 882 885 906
Fee Income (As % Of Revenues) % 0 0 0
Other Income CZK mil 46.6 49.0 59.3
Total Revenues CZK mil 929 934 965
Staff Cost CZK mil 161 182 231
Operating Profit CZK mil 398 402 649
Provisions CZK mil 227 188 320
Net Profit CZK mil 174 186 226
Balance Sheet 2016 2017 2018
Interbank Loans CZK mil 30.6 47.8 29.5
Customer Loans CZK mil 3,921 3,642 3,436
Debt Securities CZK mil 0 0 0
Total Assets CZK mil 4,059 3,783 3,554
Shareholders' Equity CZK mil 1,559 1,669 1,645
Interbank Borrowing CZK mil 1,395 561 306
Customer Deposits CZK mil 0 0 0
Issued Debt Securities CZK mil 446 688 909
Ratios 2016 2017 2018
ROE % 11.6 11.5 13.6
ROA % 4.22 4.74 6.16
Costs (As % Of Assets) % 12.9 13.6 8.63
Costs (As % Of Income) % 57.2 56.9 32.8
Net Interest Margin % 21.4 22.6 24.7
NPLs (As % Of Loans) % 73.2 71.3 72.2
Provisions (As % Of NPLs) % 80.2 84.2 84.2
Growth Rates 2016 2017 2018
Total Revenue Growth % 6.95 0.565 3.38
Operating Cost Growth % 4.11 0.133 -40.5
Operating Profit Growth % 11.0 1.14 61.3
Net Profit Growth % 13.1 6.76 21.7
Customer Loan Growth % -2.61 -7.11 -5.64
Total Asset Growth % -3.10 -6.79 -6.07
Shareholders' Equity Growth % 8.64 7.10 -1.43
Employees 228 252 289

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Net Interest Income CZK mil                         546 638 726 813 882    
Total Revenues CZK mil                         1,343 656 782 868 929    
Operating Profit CZK mil                         931 189 269 358 398    
Net Profit CZK mil                         127 94.8 104 154 174    
balance sheet                                      
Interbank Loans CZK mil                         22.8 44.9 39.4 32.8 30.6    
Customer Loans CZK mil                         4,343 4,889 5,247 4,026 3,921    
Debt Securities CZK mil                         0 0 0 0 0    
Total Assets CZK mil                         4,480 5,073 5,444 4,188 4,059    
Shareholders' Equity CZK mil                         1,255 1,205 1,264 1,435 1,559    
Interbank Borrowing CZK mil                         1,499 1,769 1,621 1,671 1,395    
Customer Deposits CZK mil                         0 0 0 0 0    
Issued Debt Securities CZK mil                         0 0 145 326 446    
ratios                                      
ROE %                         10.7 7.71 8.39 11.4 11.6    
ROA %                         2.97 1.98 1.97 3.19 4.22    
Costs (As % Of Assets) %                         9.61 9.77 9.74 10.6 12.9    
Costs (As % Of Income) %                         30.7 71.1 65.5 58.7 57.2    
Net Interest Margin %                         12.7 13.4 13.8 16.9 21.4    
Interest Income (As % Of Revenues) %                         40.7 97.2 92.9 93.6 95.0    
Fee Income (As % Of Revenues) %                         0 0 0 0 0    
Staff Cost (As % Of Total Cost) %                         34.2 30.8 29.8 31.7 30.2    
Equity (As % Of Assets) %                         28.0 23.8 23.2 34.3 38.4    
Loans (As % Assets) %                         96.9 96.4 96.4 96.1 96.6    
NPLs (As % Of Loans) % ... ... ... ... ...               68.5 65.6 66.2 70.1 73.2    
Provisions (As % Of NPLs) % ... ... ... ... ...               76.8 82.7 81.7 80.3 80.2    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Interest Income CZK mil                         810 937 1,065 1,140 1,143    
Interest Cost CZK mil                         264 299 339 327 261    
Net Interest Income CZK mil                         546 638 726 813 882    
Net Fee Income CZK mil                         0 0 0 0 0    
Other Income CZK mil                         797 18.1 55.2 55.7 46.6    
Total Revenues CZK mil                         1,343 656 782 868 929    
Staff Cost CZK mil                         141 144 153 162 161    
Depreciation CZK mil                         5.63 5.96 6.61 6.17 8.23    
Other Cost CZK mil                         266 317 353 342 362    
Operating Cost CZK mil                         412 466 512 510 531    
Operating Profit CZK mil                         931 189 269 358 398    
Provisions CZK mil                         754 33.8 98.5 179 227    
Extra and Other Cost CZK mil                         0 0 0 0 0    
Pre-Tax Profit CZK mil                         177 156 171 179 171    
Tax CZK mil                         49.3 60.8 67.3 25.4 -2.66    
Minorities CZK mil                         0 0 0 0 0    
Net Profit CZK mil                         127 94.8 104 154 174    
growth rates                                      
Net Interest Income Growth % ...                       8.70 16.8 13.9 11.9 8.54    
Total Revenue Growth % ...                       -0.604 -51.2 19.2 11.1 6.95    
Operating Cost Growth % ...                       15.7 13.2 9.82 -0.485 4.11    
Operating Profit Growth % ...                       -6.43 -79.7 42.3 33.1 11.0    
Pre-Tax Profit Growth % ...                       -6.51 -11.9 9.81 4.75 -4.30    
Net Profit Growth % ...                       -12.0 -25.5 9.25 48.5 13.1    
market share                                      
Market Share in Revenues %                         0.803 0.390 0.466 0.499 0.515   ...
Market Share in Net Profit % ...     ...                 0.198 0.155 0.164 0.232 0.237   ...
Market Share in Employees % ...                       0.481 0.513 0.533 0.539 0.556   ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                      
Cash CZK mil                         0.470 0.515 0.480 0.348 0.598    
Interbank Loans CZK mil                         22.8 44.9 39.4 32.8 30.6    
Customer Loans CZK mil                         4,343 4,889 5,247 4,026 3,921    
Debt Securities CZK mil                         0 0 0 0 0    
Fixed Assets CZK mil                         68.0 85.9 101 59.4 49.8    
Total Assets CZK mil                         4,480 5,073 5,444 4,188 4,059    
Shareholders' Equity CZK mil                         1,255 1,205 1,264 1,435 1,559    
Of Which Minority Interest CZK mil                         0 0 0 0 0    
Liabilities CZK mil                         3,225 3,868 4,180 2,754 2,500    
Interbank Borrowing CZK mil                         1,499 1,769 1,621 1,671 1,395    
Customer Deposits CZK mil                         0 0 0 0 0    
Issued Debt Securities CZK mil                         0 0 145 326 446    
Other Liabilities CZK mil                         1,726 2,099 2,414 757 659    
asset quality                                      
Non-Performing Loans CZK mil ... ... ... ... ...               4,416 4,949 5,604 6,262 6,730    
Gross Loans CZK mil ... ...                     6,445 7,548 8,462 8,935 9,199    
Total Provisions CZK mil ... ...                     3,390 4,094 4,580 5,027 5,397    
growth rates                                      
Customer Loan Growth % ...                       8.65 12.6 7.32 -23.3 -2.61    
Total Asset Growth % ...                       9.47 13.2 7.30 -23.1 -3.10    
Shareholders' Equity Growth % ...                       11.3 -3.96 4.85 13.5 8.64    
market share                                      
Market Share in Customer Loans %                         0.184 0.194 0.199 0.145 0.133    
Market Share in Total Assets %                         0.097 0.098 0.101 0.075 0.067    
Market Share in Customer Deposits %                         0 0 0 0 0    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                      
ROE %                         10.7 7.71 8.39 11.4 11.6    
ROA %                         2.97 1.98 1.97 3.19 4.22    
Costs (As % Of Assets) %                         9.61 9.77 9.74 10.6 12.9    
Costs (As % Of Income) %                         30.7 71.1 65.5 58.7 57.2    
Net Interest Margin %                         12.7 13.4 13.8 16.9 21.4    
Interest Spread % ...                       10.4 11.2 11.8 14.2 17.8    
Asset Yield %                         18.9 19.6 20.3 23.7 27.7    
Cost Of Liabilities % ...                       8.54 8.42 8.42 9.44 9.94    
Interest Income (As % Of Revenues) %                         40.7 97.2 92.9 93.6 95.0    
Fee Income (As % Of Revenues) %                         0 0 0 0 0    
Other Income (As % Of Revenues) %                         59.3 2.75 7.06 6.41 5.02    
Cost Per Employee USD per month ...                       3,106 3,001 2,768 2,541 2,325    
Cost Per Employee (Local Currency) CZK per month ...                       60,745 58,713 59,159 60,644 58,669    
Staff Cost (As % Of Total Cost) %                         34.2 30.8 29.8 31.7 30.2    
Equity (As % Of Assets) %                         28.0 23.8 23.2 34.3 38.4    
Loans (As % Assets) %                         96.9 96.4 96.4 96.1 96.6    
NPLs (As % Of Loans) % ... ... ... ... ...               68.5 65.6 66.2 70.1 73.2    
Provisions (As % Of NPLs) % ... ... ... ... ...               76.8 82.7 81.7 80.3 80.2    
Provisions (As % Of Loans) % ... ...                     78.1 83.7 87.3 125 138    
Cost of Provisions (As % Of Loans) %                         18.1 0.732 1.94 3.87 5.70    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                      
Employees ...                       193 204 215 222 228    
Number of Loans Sold '000 ... ... ... ... ... ...             26.8 25.0 27.5 26.8 24.9    
Origination of New Loans CZK mil ... ... ... ... ... ...             692 919 906 904 962    
Average Size of New Loans CZK ... ... ... ... ... ...             25,765 36,786 32,978 33,715 38,562    

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Profi Credit's customer loans fell 5.64% to CZK 3,436 mil in 2018

By Helgi Analytics - December 12, 2019

Profi Credit Czech's customer loans reached CZK 3,436 mil in 2018, down 5.64% 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. Profi Credit Czech accounted for 0...

Profi Credit's customer deposits remain unchanged at CZK 0 mil in 2018

By Helgi Analytics - December 12, 2019

Profi Credit Czech's customer deposits reached CZK 0 mil in 2018, down 0% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,446 bil in 2018, up 6.63% when compared to the last year. Profi Credit Czech accounted for 0%...

Profi Credit's net interest income rose 2.41% to CZK 906 mil in 2018

By Helgi Analytics - August 28, 2019

Profi Credit Czech generated total banking revenues of CZK 965 mil in 2018, up 3.38% 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 1,443 mil in 2008 and...

Profi Credit's total revenues rose 3.38% to CZK 934 mil in 2018

By Helgi Analytics - December 12, 2019

Profi Credit Czech generated total banking revenues of CZK 934 mil in 2017, up 0.565% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 179,177 mil in 2017, down 0.560% when compared to the last year. ...

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Finance

Profi Credit Czech has been growing its revenues and asset by 3.60% and -5.33% a year on average in the last 3 years. Its loans and deposits have grown by -5.14% and 0% a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 12.3% in the last three years with net profit growing 13.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 32.8% in 2018, compared to 48.9% average in the last three years.

Equity represented 46.3% of total assets or 47.9% of loans at the end of 2018. Profi Credit Czech's non-performing loans were 72.2% of total loans while provisions covered some 84.2% of NPLs at the end of 2018.