Prva Stavebna Sporitelna

PSS's mortgage loans rose 4.60% to EUR 2,155 mil in 2017

By Helgi Analytics - December 12, 2019

Prva Stavebna Sporitelna's mortgage loans reached EUR 2,155 mil in 2017, up 4.60% compared to the previous year. Slovak banking...

PSS's net profit fell 14.8% to EUR 17.4 mil in 2017

By Helgi Analytics - May 26, 2018

Prva Stavebna Sporitelna made a net profit of EUR 17.4 mil under revenues of EUR 73.1 mil in 2017, up -14.8% and -4.06% respectively ...

PSS's customer deposits rose 6.29% to EUR 2,735 mil in 2017

By Helgi Analytics - December 12, 2019

Prva Stavebna Sporitelna's customer deposits reached EUR 2,735 mil in 2017, up 6.29% compared to the previous year. Slovak bank...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 65.2 60.7 56.9
Fee Income (As % Of Revenues) % 21.1 19.8 21.4
Other Income EUR mil 0.657 0.327 0.483
Total Revenues EUR mil 83.5 76.2 73.1
Staff Cost EUR mil 16.7 14.3 14.9
Operating Profit EUR mil 39.3 35.3 31.6
Provisions EUR mil 8.90 7.15 9.51
Net Profit EUR mil 22.7 20.4 17.4
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 22.5 72.3 37.4
Customer Loans EUR mil 2,022 2,073 2,168
Debt Securities EUR mil 578 601 616
Total Assets EUR mil 2,720 2,848 3,004
Shareholders' Equity EUR mil 240 240 235
Interbank Borrowing EUR mil 0 0 0
Customer Deposits EUR mil 2,433 2,574 2,735
Issued Debt Securities EUR mil 0 0 0
Ratios 2015 2016 2017
ROE % 9.46 8.51 7.32
ROA % 0.849 0.733 0.594
Costs (As % Of Assets) % 1.65 1.47 1.42
Costs (As % Of Income) % 52.9 53.7 56.8
Capital Adequacy Ratio % 12.8 12.5 13.2
Net Interest Margin % 2.43 2.18 1.95
Loans (As % Of Deposits) % 83.1 80.6 79.2
NPLs (As % Of Loans) % 9.15 8.71 8.63
Provisions (As % Of NPLs) % 31.4 31.7 30.6
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.75 -8.83 -4.06
Operating Cost Growth % -6.93 -7.52 1.49
Operating Profit Growth % 13.7 -10.3 -10.5
Net Profit Growth % 1.48 -10.2 -14.8
Customer Loan Growth % 4.47 2.55 4.56
Total Asset Growth % 3.02 4.73 5.45
Customer Deposit Growth % 3.22 5.79 6.29
Shareholders' Equity Growth % -0.179 -0.128 -1.87
Employees 412 413 406

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Net Interest Income EUR mil                       66.2 67.1 66.2 62.0 65.2    
Total Revenues EUR mil                       94.5 89.0 88.9 82.1 83.5    
Operating Profit EUR mil                       47.6 42.1 41.5 34.6 39.3    
Net Profit EUR mil                       28.8 29.3 25.4 22.4 22.7    
balance sheet                                    
Interbank Loans EUR mil                       70.5 54.1 109 146 22.5    
Customer Loans EUR mil                       1,769 1,882 1,936 1,935 2,022    
Debt Securities EUR mil                       316 275 275 478 578    
Total Assets EUR mil                       2,224 2,285 2,414 2,640 2,720    
Shareholders' Equity EUR mil                       251 250 245 241 240    
Interbank Borrowing EUR mil                       0 0 0 0 0    
Customer Deposits EUR mil                       1,902 1,999 2,124 2,357 2,433    
Issued Debt Securities EUR mil                       33.5 0 0 0 0    
ratios                                    
ROE %                       11.4 11.7 10.3 9.23 9.46    
ROA %                       1.33 1.30 1.08 0.887 0.849    
Costs (As % Of Assets) %                       2.16 2.08 2.02 1.88 1.65    
Costs (As % Of Income) %                       49.7 52.6 53.3 57.9 52.9    
Capital Adequacy Ratio % ...                     15.1 12.5 13.7 13.1 12.8    
Net Interest Margin %                       3.05 2.98 2.82 2.45 2.43    
Interest Income (As % Of Revenues) %                       70.0 75.5 74.4 75.5 78.1    
Fee Income (As % Of Revenues) %                       28.7 23.3 24.5 23.6 21.1    
Staff Cost (As % Of Total Cost) %                       33.4 35.0 36.0 36.1 37.9    
Equity (As % Of Assets) %                       11.3 11.0 10.2 9.11 8.83    
Loans (As % Of Deposits) %                       93.0 94.1 91.2 82.1 83.1    
Loans (As % Assets) %                       79.5 82.4 80.2 73.3 74.3    
NPLs (As % Of Loans) % ...                     9.93 9.97 9.84 9.08 9.15    
Provisions (As % Of NPLs) % ...                     34.3 32.9 31.7 32.6 31.4    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Interest Income EUR mil                       118 119 121 120 118    
Interest Cost EUR mil                       51.7 52.3 54.7 57.9 53.2    
Net Interest Income EUR mil                       66.2 67.1 66.2 62.0 65.2    
Net Fee Income EUR mil                       27.2 20.7 21.8 19.4 17.6    
Other Income EUR mil                       1.16 1.09 0.925 0.758 0.657    
Total Revenues EUR mil                       94.5 89.0 88.9 82.1 83.5    
Staff Cost EUR mil                       15.7 16.4 17.1 17.1 16.7    
Depreciation EUR mil                       4.42 3.57 2.93 3.49 3.96    
Other Cost EUR mil                       26.8 26.9 27.4 26.9 23.5    
Operating Cost EUR mil                       47.0 46.8 47.4 47.5 44.2    
Operating Profit EUR mil                       47.6 42.1 41.5 34.6 39.3    
Provisions EUR mil                       10.8 8.47 6.50 5.41 8.90    
Extra and Other Cost EUR mil                       0 0 0 0 0    
Pre-Tax Profit EUR mil                       36.8 33.7 35.0 29.2 30.4    
Tax EUR mil                       7.97 4.36 9.60 6.76 7.67    
Minorities EUR mil                       0 0 0 0 0    
Net Profit EUR mil                       28.8 29.3 25.4 22.4 22.7    
growth rates                                    
Net Interest Income Growth % ...                     0.139 1.39 -1.42 -6.35 5.26    
Net Fee Income Growth % ...                     -0.473 -23.6 5.10 -11.2 -8.91    
Total Revenue Growth % ...                     -0.183 -5.89 -0.074 -7.65 1.75    
Operating Cost Growth % ...                     9.97 -0.243 1.16 0.276 -6.93    
Operating Profit Growth % ...                     -8.52 -11.5 -1.45 -16.7 13.7    
Pre-Tax Profit Growth % ...                     -0.605 -8.51 4.05 -16.7 4.26    
Net Profit Growth % ...                     -0.737 1.67 -13.2 -11.8 1.48    
market share                                    
Market Share in Revenues %                       3.86 4.24 3.83 3.34 3.67    
Market Share in Net Profit %                       4.27 6.10 4.63 4.00 3.75    
Market Share in Employees % ...                     2.14 2.10 2.20 2.19 2.18    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 33.6 ... ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                    
Cash EUR mil                       0.501 3.65 19.2 0.358 19.1    
Interbank Loans EUR mil                       70.5 54.1 109 146 22.5    
Customer Loans EUR mil                       1,769 1,882 1,936 1,935 2,022    
Retail Loans EUR mil                       1,769 1,882 1,936 1,935 2,022    
Mortgage Loans EUR mil                       1,769 1,882 1,936 1,935 2,012    
Consumer Loans EUR mil                       0 0 0 0 9.32    
Debt Securities EUR mil                       316 275 275 478 578    
Fixed Assets EUR mil                       41.2 40.5 47.7 51.6 53.0    
Total Assets EUR mil                       2,224 2,285 2,414 2,640 2,720    
Shareholders' Equity EUR mil                       251 250 245 241 240    
Of Which Minority Interest EUR mil                       0 0 0 0 0    
Liabilities EUR mil                       1,973 2,035 2,169 2,399 2,480    
Interbank Borrowing EUR mil                       0 0 0 0 0    
Customer Deposits EUR mil                       1,902 1,999 2,124 2,357 2,433    
Retail Deposits EUR mil                       1,830 1,924 2,048 2,281 2,372    
Corporate Deposits EUR mil                       55.8 59.5 60.2 62.3 60.6    
Issued Debt Securities EUR mil                       33.5 0 0 0 0    
Other Liabilities EUR mil                       37.4 35.6 45.4 42.8 47.1    
asset quality                                    
Non-Performing Loans EUR mil ...                     182 194 197 181 190    
Gross Loans EUR mil ...                     1,831 1,946 1,998 1,994 2,081    
Total Provisions EUR mil ...                     62.4 63.9 62.3 59.0 59.7    
growth rates                                    
Customer Loan Growth % ...                     1.88 6.42 2.87 -0.054 4.47    
Retail Loan Growth % ...                     1.88 6.42 2.87 -0.054 4.47    
Mortgage Loan Growth % ...                     1.88 6.42 2.87 -0.054 3.98    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Asset Growth % ...                     4.68 2.75 5.65 9.35 3.02    
Shareholders' Equity Growth % ...                     -0.733 -0.272 -2.03 -1.91 -0.179    
Customer Deposit Growth % ...                     5.57 5.11 6.22 11.0 3.22    
Retail Deposit Growth % ...                     5.41 5.13 6.46 11.3 4.00    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ...     8.72 6.62 1.29 3.51 -2.79    
market share                                    
Market Share in Customer Loans %                       4.86 5.07 4.94 4.63 4.45    
Market Share in Consumer Loans %                       10.3 10.0 9.42 8.40 7.80    
Market Share in Mortgage Loans % ... ... ...                 14.4 13.8 12.7 11.2 10.2    
Market Share in Total Assets %                       3.77 3.83 3.96 4.11 3.94    
Market Share in Customer Deposits %                       4.74 4.72 4.79 5.12 4.82    
Market Share in Retail Deposits %                       7.28 7.23 7.49 7.99 7.63    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                    
ROE %                       11.4 11.7 10.3 9.23 9.46    
ROA %                       1.33 1.30 1.08 0.887 0.849    
Costs (As % Of Assets) %                       2.16 2.08 2.02 1.88 1.65    
Costs (As % Of Income) %                       49.7 52.6 53.3 57.9 52.9    
Capital Adequacy Ratio % ...                     15.1 12.5 13.7 13.1 12.8    
Net Interest Margin %                       3.05 2.98 2.82 2.45 2.43    
Interest Spread % ...                     2.73 2.69 2.54 2.21 2.24    
Asset Yield %                       5.42 5.30 5.14 4.74 4.42    
Cost Of Liabilities % ...                     2.69 2.61 2.60 2.53 2.18    
Interest Income (As % Of Revenues) %                       70.0 75.5 74.4 75.5 78.1    
Fee Income (As % Of Revenues) %                       28.7 23.3 24.5 23.6 21.1    
Other Income (As % Of Revenues) %                       1.23 1.23 1.04 0.923 0.787    
Cost Per Employee USD per month ...                     4,614 4,469 4,634 4,512 3,881    
Cost Per Employee (Local Currency) EUR per month ...                     3,318 3,481 3,491 3,500 3,386    
Staff Cost (As % Of Total Cost) %                       33.4 35.0 36.0 36.1 37.9    
Equity (As % Of Assets) %                       11.3 11.0 10.2 9.11 8.83    
Loans (As % Of Deposits) %                       93.0 94.1 91.2 82.1 83.1    
Loans (As % Assets) %                       79.5 82.4 80.2 73.3 74.3    
NPLs (As % Of Loans) % ...                     9.93 9.97 9.84 9.08 9.15    
Provisions (As % Of NPLs) % ...                     34.3 32.9 31.7 32.6 31.4    
Provisions (As % Of Loans) % ...                     3.53 3.40 3.22 3.05 2.95    
Cost of Provisions (As % Of Loans) %                       0.616 0.464 0.341 0.280 0.450    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... 317 ... ... ...
Employees ...                     394 392 407 408 412    
Number Of Loan Contracts '000 ...                     20.7 24.0 22.7 21.8 22.6    
Number Of Deposit Contracts '000 ...                     852 850 833 831 831    
Number Of All Contracts '000 ...                     873 874 856 853 853    
Size Of Average Loan EUR mil ...                     0.085 0.079 0.085 0.089 0.089    
Size Of Average Deposit EUR mil ...                     0.002 0.002 0.003 0.003 0.003    

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PSS's customer loans rose 4.56% to EUR 2,168 mil in 2017

By Helgi Analytics - December 12, 2019

Prva Stavebna Sporitelna's customer loans reached EUR 2,168 mil in 2017, up 4.56% compared to the previous year. Slovak banking sector provided customer loans of EUR 54.8 bil in 2017, up 9.56% when compared to the last year. Prva Stavebna Sporitelna accou...

PSS's net interest margin fell 10.8% to 1.95% in 2017

By Helgi Analytics - May 26, 2018

Prva Stavebna Sporitelna's net interest margin amounted to 1.95% in 2017, down from 2.18% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.32% in 2002 and an all time low of 1.95% in 2017. The ave...

PSS's consumer loans fell 3.23% to EUR 12.3 mil in 2017

By Helgi Analytics - December 12, 2019

Prva Stavebna Sporitelna's consumer loans reached EUR 12.3 mil in 2017, down 3.23% compared to the previous year. Slovak banking sector provided consumer loans of EUR 7.45 bil in 2017, up 8.46% when compared to the last year. Prva Stavebna Sporitelna acco...

PSS's retail deposits rose 6.27% to EUR 2,672 mil in 2017

By Helgi Analytics - July 16, 2018

Prva Stavebna Sporitelna's retail deposits reached EUR 2,672 mil in 2017, up 6.27% compared to the previous year. Slovak banking sector accepted retail deposits of EUR 35.1 bil in 2017, up 4.67% when compared to the last year. Prva Stavebna Sporitelna acc...

PSS's npls (as % of loans) fell 0.915% to 8.63% in 2017

By Helgi Analytics - May 26, 2018

Prva Stavebna Sporitelna's non-performing loans reached 8.63% of total loans at the end of 2017, down from 8.71% compared to the previous year. Historically, the NPL ratio hit an all time high of 9.97% in 2012 and an all time low of 1.26% in 2001. Provision...

PSS's total revenues fell 4.06% to EUR 73.1 mil in 2017

By Helgi Analytics - July 16, 2018

Prva Stavebna Sporitelna generated total banking revenues of EUR 73.1 mil in 2017, down 4.06% compared to the previous year. Slovak banking sector banking sector generated total revenues of EUR 2,324 mil in 2017, down 10.6% when compared to the last y...

PSS's net interest income fell 6.26% to EUR 56.9 mil in 2017

By Helgi Analytics - May 26, 2018

Prva Stavebna Sporitelna generated total banking revenues of EUR 73.1 mil in 2017, down 4.06% 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 94.7 mil in ...

PSS's customer loan growth rose 78.5% to 4.56% in 2017

By Helgi Analytics - May 26, 2018

Prva Stavebna Sporitelna's customer loan growth reached 4.56% in 2017, up from 2.55% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 29.4% in 2006 and an all time low of -0.054% in 2014. In the last decade,...

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Prvá stavebná sporitelna, a.s. is a Slovakia-based specialised bank. The Bank offers primarrily saving products; home loans; finance for the repair and reconstruction of residential houses; and solutions for the apartment owners and entrepreneurs. It also provides insurance products, such as house, apartment, or home furnishing insurance; family insurance; and funeral insurance products. The Bank was founded in 1992 and is headquartered in Bratislava, Slovakia. The Bank is partially owned by Erste Bank (holding 25.02%) while Bausparkasse Schwabisch Hall and Raiffeisen Bausparkassen have 32.5% each in the Bank

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Finance

Prva Stavebna Sporitelna has been growing its revenues and asset by -0.242% and 6.35% a year on average in the last 10 years. Its loans and deposits have grown by 4.77% and 7.62% a year during that time and loans to deposits ratio reached 79.2% at the end of 2017. The company achieved an average return on equity of 9.98% in the last decade with net profit growing -3.29% a year on average. In terms of operating efficiency, its cost to income ratio reached 56.8% in 2017, compared to 52.1% average in the last decade.

Equity represented 7.84% of total assets or 10.9% of loans at the end of 2017. Prva Stavebna Sporitelna's non-performing loans were 8.63% of total loans while provisions covered some 30.6% of NPLs at the end of 2017.