Provident Financial Czech Republic

Provident Financial Czech Republic's customer loans fell 21.2% to CZK 1,888 mil in 2018

By Helgi Analytics - December 12, 2019

Provident Financial Czech Republic's customer loans reached CZK 1,888 mil in 2018, down 21.2% compared to the previous year. Cz...

Provident Financial Czech Republic's net profit fell 17.6% to CZK 157 mil in 2018

By Helgi Analytics - August 28, 2019

Provident Financial Czech Republic made a net profit of CZK 157 mil under revenues of CZK 1,395 mil in 2018, up -17.6% and 0.315% res...

Provident Financial Czech Republic's net interest income rose 0.315% to CZK 1,395 mil in 2018

By Helgi Analytics - August 28, 2019

Provident Financial Czech Republic generated total banking revenues of CZK 1,395 mil in 2018, up 0.315% compared to the previou...

Profit Statement 2016 2017 2018
Net Interest Income CZK mil 1,893 1,390 1,395
Fee Income (As % Of Revenues) % 0 0 0
Other Income CZK mil 0 0 0
Total Revenues CZK mil 1,893 1,390 1,395
Staff Cost CZK mil 445 446 450
Operating Profit CZK mil 705 276 218
Provisions CZK mil 312 29.8 -66.1
Net Profit CZK mil 225 191 157
Balance Sheet 2016 2017 2018
Interbank Loans CZK mil 55.1 138 129
Customer Loans CZK mil 2,695 2,396 1,888
Total Assets CZK mil 3,273 3,047 2,407
Shareholders' Equity CZK mil 1,177 1,368 1,012
Interbank Borrowing CZK mil 1,845 1,379 1,009
Customer Deposits CZK mil 0 0 0
Issued Debt Securities CZK mil 0 258 332
Ratios 2016 2017 2018
ROE % 18.9 15.0 13.2
ROA % 6.38 6.05 5.78
Costs (As % Of Assets) % 33.8 35.3 43.2
Costs (As % Of Income) % 62.8 80.2 84.4
Net Interest Margin % 53.8 44.0 51.1
NPLs (As % Of Loans) % 40.9 40.2 36.0
Provisions (As % Of NPLs) % 100 97.3 96.3
Growth Rates 2016 2017 2018
Total Revenue Growth % -20.7 -26.6 0.315
Operating Cost Growth % -5.14 -6.25 5.63
Operating Profit Growth % -37.9 -60.8 -21.1
Net Profit Growth % -45.3 -15.0 -17.6
Customer Loan Growth % -14.3 -11.1 -21.2
Total Asset Growth % -13.1 -6.90 -21.0
Shareholders' Equity Growth % -2.11 16.2 -26.0
Employees 518 463 443

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summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                            
Net Interest Income CZK mil ... ... ... ...       2,866 2,956 2,100 2,388 1,893    
Total Revenues CZK mil ... ... ... ...       2,866 2,956 2,100 2,388 1,893    
Operating Profit CZK mil ... ... ... ...       1,033 1,077 865 1,135 705    
Net Profit CZK mil ... ... ... ...       313 386 338 411 225    
balance sheet                            
Interbank Loans CZK mil ... ... ... ...       80.3 86.5 123 185 55.1    
Customer Loans CZK mil ... ... ... ...       5,301 5,369 5,308 3,143 2,695    
Total Assets CZK mil ... ... ... ...       5,851 6,576 6,178 3,768 3,273    
Shareholders' Equity CZK mil ... ... ... ...       2,188 1,375 813 1,202 1,177    
Interbank Borrowing CZK mil ... ... ... ...       1,399 2,380 2,881 2,212 1,845    
Customer Deposits CZK mil ... ... ... ...       0 0 0 0 0    
Issued Debt Securities CZK mil ... ... ... ...       0 0 0 0 0    
ratios                            
ROE % ... ... ... ...       12.8 21.7 30.9 40.7 18.9    
ROA % ... ... ... ...       5.33 6.22 5.30 8.26 6.38    
Costs (As % Of Assets) % ... ... ... ...       31.2 30.2 19.4 25.2 33.8    
Costs (As % Of Income) % ... ... ... ...       64.0 63.6 58.8 52.5 62.8    
Net Interest Margin % ... ... ... ...       48.8 47.6 32.9 48.0 53.8    
Interest Income (As % Of Revenues) % ... ... ... ...       100 100 100 100 100    
Fee Income (As % Of Revenues) % ... ... ... ...       0 0 0 0 0    
Staff Cost (As % Of Total Cost) % ... ... ... ...       26.5 26.4 40.9 37.1 37.5    
Equity (As % Of Assets) % ... ... ... ...       37.4 20.9 13.2 31.9 36.0    
Loans (As % Assets) % ... ... ... ...       90.6 81.7 85.9 83.4 82.3    
NPLs (As % Of Loans) % ... ... ... ...       45.8 47.2 51.1 41.9 40.9    
Provisions (As % Of NPLs) % ... ... ... ...       70.3 74.8 75.9 100 100    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                            
Interest Income CZK mil ... ... ... ...       2,967 3,120 2,326 2,622 2,094    
Interest Cost CZK mil ... ... ... ...       102 164 226 234 201    
Net Interest Income CZK mil ... ... ... ...       2,866 2,956 2,100 2,388 1,893    
Net Fee Income CZK mil ... ... ... ...       0 0 0 0 0    
Other Income CZK mil ... ... ... ...       0 0 0 0 0    
Total Revenues CZK mil ... ... ... ...       2,866 2,956 2,100 2,388 1,893    
Staff Cost CZK mil ... ... ... ...       485 497 505 465 445    
Depreciation CZK mil ... ... ... ...       41.5 25.4 23.4 24.4 22.9    
Other Cost CZK mil ... ... ... ...       1,306 1,357 707 764 720    
Operating Cost CZK mil ... ... ... ...       1,833 1,879 1,235 1,253 1,189    
Operating Profit CZK mil ... ... ... ...       1,033 1,077 865 1,135 705    
Provisions CZK mil ... ... ... ...       595 561 379 604 312    
Extra and Other Cost CZK mil ... ... ... ...       0 0 0 0 0    
Pre-Tax Profit CZK mil ... ... ... ...       438 516 486 532 392    
Tax CZK mil ... ... ... ...       125 187 278 121 167    
Minorities CZK mil ... ... ... ...       0 0 0 0 0    
Net Profit CZK mil ... ... ... ...       313 386 338 411 225    
growth rates                            
Net Interest Income Growth % ... ... ... ... ...     -3.73 3.17 -29.0 13.7 -20.7    
Total Revenue Growth % ... ... ... ... ...     -3.73 3.17 -29.0 13.7 -20.7    
Operating Cost Growth % ... ... ... ... ...     -10.2 2.53 -34.3 1.45 -5.14    
Operating Profit Growth % ... ... ... ... ...     10.3 4.30 -19.7 31.2 -37.9    
Pre-Tax Profit Growth % ... ... ... ... ...     -49.8 17.8 -5.79 9.35 -26.3    
Net Profit Growth % ... ... ... ... ...     -53.4 23.5 -12.5 21.4 -45.3    
market share                            
Market Share in Revenues % ... ... ... ...       1.71 1.76 1.25 1.37 1.05   ...
Market Share in Net Profit % ... ... ... ...       0.486 0.633 0.536 0.619 0.306   ...
Market Share in Employees %     ... ...       1.66 1.64 1.59 1.44 1.26   ...
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                            
Cash CZK mil ... ... ... ...       0.772 0.178 0.235 51.4 16.8    
Interbank Loans CZK mil ... ... ... ...       80.3 86.5 123 185 55.1    
Customer Loans CZK mil ... ... ... ...       5,301 5,369 5,308 3,143 2,695    
Fixed Assets CZK mil ... ... ... ...       64.9 58.9 60.9 58.8 55.1    
Total Assets CZK mil ... ... ... ...       5,851 6,576 6,178 3,768 3,273    
Shareholders' Equity CZK mil ... ... ... ...       2,188 1,375 813 1,202 1,177    
Of Which Minority Interest CZK mil ... ... ... ...       0 0 0 0 0    
Liabilities CZK mil ... ... ... ...       3,663 5,201 5,365 2,566 2,096    
Interbank Borrowing CZK mil ... ... ... ...       1,399 2,380 2,881 2,212 1,845    
Customer Deposits CZK mil ... ... ... ...       0 0 0 0 0    
Issued Debt Securities CZK mil ... ... ... ...       0 0 0 0 0    
Other Liabilities CZK mil ... ... ... ...       2,263 2,821 2,484 354 251    
asset quality                            
Non-Performing Loans CZK mil ... ... ... ...       3,579 4,035 4,516 2,270 1,868    
Gross Loans CZK mil ... ... ... ...       7,816 8,546 8,839 5,414 4,563    
Total Provisions CZK mil ... ... ... ...       2,515 3,017 3,426 2,270 1,868    
growth rates                            
Customer Loan Growth % ... ... ... ... ...     0.185 1.28 -1.14 -40.8 -14.3    
Total Asset Growth % ... ... ... ... ...     -0.631 12.4 -6.05 -39.0 -13.1    
Shareholders' Equity Growth % ... ... ... ... ...     -18.4 -37.2 -40.9 47.9 -2.11    
market share                            
Market Share in Customer Loans % ... ... ... ...       0.225 0.214 0.201 0.113 0.091    
Market Share in Total Assets % ... ... ... ...       0.126 0.126 0.115 0.068 0.054    
Market Share in Customer Deposits % ... ... ... ...       0 0 0 0 0    
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                            
ROE % ... ... ... ...       12.8 21.7 30.9 40.7 18.9    
ROA % ... ... ... ...       5.33 6.22 5.30 8.26 6.38    
Costs (As % Of Assets) % ... ... ... ...       31.2 30.2 19.4 25.2 33.8    
Costs (As % Of Income) % ... ... ... ...       64.0 63.6 58.8 52.5 62.8    
Net Interest Margin % ... ... ... ...       48.8 47.6 32.9 48.0 53.8    
Interest Spread % ... ... ... ... ...     47.6 46.5 32.2 46.8 50.9    
Asset Yield % ... ... ... ...       50.6 50.2 36.5 52.7 59.5    
Cost Of Liabilities % ... ... ... ... ...     2.96 3.69 4.27 5.89 8.62    
Interest Income (As % Of Revenues) % ... ... ... ...       100 100 100 100 100    
Fee Income (As % Of Revenues) % ... ... ... ...       0 0 0 0 0    
Other Income (As % Of Revenues) % ... ... ... ...       0 0 0 0 0    
Cost Per Employee USD per month ... ... ... ...       3,108 3,247 3,066 2,740 2,838    
Cost Per Employee (Local Currency) CZK per month ... ... ... ...       60,791 63,523 65,534 65,405 71,619    
Staff Cost (As % Of Total Cost) % ... ... ... ...       26.5 26.4 40.9 37.1 37.5    
Equity (As % Of Assets) % ... ... ... ...       37.4 20.9 13.2 31.9 36.0    
Loans (As % Assets) % ... ... ... ...       90.6 81.7 85.9 83.4 82.3    
NPLs (As % Of Loans) % ... ... ... ...       45.8 47.2 51.1 41.9 40.9    
Provisions (As % Of NPLs) % ... ... ... ...       70.3 74.8 75.9 100 100    
Provisions (As % Of Loans) % ... ... ... ...       47.4 56.2 64.5 72.2 69.3    
Cost of Provisions (As % Of Loans) % ... ... ... ...       11.2 10.5 7.10 14.3 10.7    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                            
Employees ... ... ... ...       665 652 642 592 518    

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Provident Financial Czech Republic's customer deposits remain unchanged at CZK 0 mil in 2018

By Helgi Analytics - December 12, 2019

Provident Financial Czech Republic'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. Provident Financial...

Provident Financial Czech Republic's net interest margin rose 16.3% to 51.1% in 2018

By Helgi Analytics - August 28, 2019

Provident Financial Czech Republic's net interest margin amounted to 51.1% in 2018, up from 44.0% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 53.8% in 2016 and an all time low of 0.096% in 2010. ...

Provident Financial Czech Republic's total revenues rose 0.315% to CZK 1,390 mil in 2018

By Helgi Analytics - December 12, 2019

Provident Financial Czech Republic generated total banking revenues of CZK 1,390 mil in 2017, down 26.6% 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 ...

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Finance

Provident Financial Czech Republic has been growing its revenues and asset by -16.4% and -13.9% a year on average in the last 3 years. Its loans and deposits have grown by -15.6% and % 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 15.7% in the last three years with net profit growing -27.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 84.4% in 2018, compared to 75.8% average in the last three years.

Equity represented 42.0% of total assets or 53.6% of loans at the end of 2018. Provident Financial Czech Republic's non-performing loans were 36.0% of total loans while provisions covered some 96.3% of NPLs at the end of 2018.

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