Raiffeisen Bank Hungary

Raiffeisen Hungary's npls (as % of loans) fell 49.6% to 7.02% in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary's non-performing loans reached 7.02% of total loans at the end of 2017, down from 13.9% compared to the p...

Raiffeisen Hungary's net interest margin rose 15.0% to 1.86% in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary's net interest margin amounted to 1.86% in 2017, up from 1.62% compared to the previous year. Hist...

Raiffeisen Hungary's employees fell 1.69% to 2,089 in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary employed 2,089 persons in 2017, down 1.69% when compared to the previous year. Historically, the bank's ...

Profit Statement 2015 2016 2017
Net Interest Income HUF mil 38,524 32,108 38,930
Fee Income (As % Of Revenues) % 38.4 39.0 38.0
Other Income HUF mil 14,751 17,916 16,765
Total Revenues HUF mil 86,447 82,033 89,813
Staff Cost HUF mil 23,218 23,221 24,106
Operating Profit HUF mil 20,114 18,519 22,698
Provisions HUF mil 11,258 508 -9,411
Net Profit HUF mil 9,984 15,015 30,508
Balance Sheet 2015 2016 2017
Interbank Loans HUF mil 59,194 250,536 227,251
Customer Loans HUF mil 914,198 835,104 900,551
Debt Securities HUF mil 424,762 572,531 692,896
Total Assets HUF mil 1,965,800 1,994,330 2,180,860
Shareholders' Equity HUF mil 156,286 174,625 206,188
Interbank Borrowing HUF mil 274,544 263,782 288,219
Customer Deposits HUF mil 1,293,680 1,325,350 1,501,170
Issued Debt Securities HUF mil 124,779 98,339 80,166
Ratios 2015 2016 2017
ROE % 7.78 9.07 16.0
ROA % 0.493 0.758 1.46
Costs (As % Of Assets) % 3.27 3.21 3.21
Costs (As % Of Income) % 76.7 77.4 74.7
Capital Adequacy Ratio % 24.3 19.3 22.8
Net Interest Margin % 1.90 1.62 1.86
Loans (As % Of Deposits) % 70.7 63.0 60.0
NPLs (As % Of Loans) % 21.4 13.9 7.02
Provisions (As % Of NPLs) % 71.9 75.9 80.0
Growth Rates 2015 2016 2017
Total Revenue Growth % -12.4 -5.11 9.48
Operating Cost Growth % -31.9 -4.25 5.67
Operating Profit Growth % 1,631 -7.93 22.6
Net Profit Growth % -109 50.4 103
Customer Loan Growth % -18.7 -8.65 7.84
Total Asset Growth % -5.83 1.45 9.35
Customer Deposit Growth % -2.36 2.45 13.3
Shareholders' Equity Growth % 55.8 11.7 18.1
Employees 2,474 2,125 2,089

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Net Interest Income HUF mil                         58,480 43,943 44,852 44,172 38,524    
Total Revenues HUF mil                         126,371 81,365 95,410 98,636 86,447    
Operating Profit HUF mil                         14,067 5,813 1,596 1,162 20,114    
Net Profit HUF mil                         -84,955 -56,831 -39,077 -112,188 9,984    
balance sheet                                      
Interbank Loans HUF mil                         99,777 32,795 27,733 31,531 59,194    
Customer Loans HUF mil                         1,526,240 1,285,540 1,224,250 1,123,830 914,198    
Debt Securities HUF mil                         482,815 577,977 417,749 330,138 424,762    
Total Assets HUF mil                         2,300,270 2,101,040 1,851,490 2,087,530 1,965,800    
Shareholders' Equity HUF mil                         160,904 115,665 114,402 100,334 156,286    
Interbank Borrowing HUF mil                         318,070 243,145 225,960 314,479 274,544    
Customer Deposits HUF mil                         1,434,540 1,436,550 1,228,780 1,324,950 1,293,680    
Issued Debt Securities HUF mil                         185,802 198,160 241,069 272,814 124,779    
ratios                                      
ROE %                         -54.4 -41.1 -34.0 -104 7.78    
ROA %                         -3.64 -2.58 -1.98 -5.70 0.493    
Costs (As % Of Assets) %                         4.81 3.43 4.75 4.95 3.27    
Costs (As % Of Income) %                         88.9 92.9 98.3 98.8 76.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... 11.1 9.19 11.2 19.3 24.3    
Net Interest Margin %                         2.51 2.00 2.27 2.24 1.90    
Interest Income (As % Of Revenues) %                         46.3 54.0 47.0 44.8 44.6    
Fee Income (As % Of Revenues) %                         16.7 21.8 31.7 33.8 38.4    
Staff Cost (As % Of Total Cost) %                         25.2 33.5 27.5 24.4 35.0    
Equity (As % Of Assets) %                         7.00 5.51 6.18 4.81 7.95    
Loans (As % Of Deposits) %                         106 89.5 99.6 84.8 70.7    
Loans (As % Assets) %                         66.4 61.2 66.1 53.8 46.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...           22.6 27.5 29.3 28.2 21.4    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...           62.4 61.1 64.5 85.2 71.9    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Interest Income HUF mil                         148,168 137,143 106,119 83,273 67,177    
Interest Cost HUF mil                         89,688 93,200 61,267 39,101 28,653    
Net Interest Income HUF mil                         58,480 43,943 44,852 44,172 38,524    
Net Fee Income HUF mil                         21,049 17,770 30,233 33,386 33,172    
Other Income HUF mil                         46,842 19,652 20,325 21,078 14,751    
Total Revenues HUF mil                         126,371 81,365 95,410 98,636 86,447    
Staff Cost HUF mil                         28,322 25,285 25,769 23,742 23,218    
Depreciation HUF mil                         10,545 8,166 6,962 7,184 4,600    
Other Cost HUF mil                         73,437 42,101 61,083 66,548 38,515    
Operating Cost HUF mil                         112,304 75,552 93,814 97,474 66,333    
Operating Profit HUF mil                         14,067 5,813 1,596 1,162 20,114    
Provisions HUF mil                         105,862 61,901 40,154 115,112 11,258    
Extra and Other Cost HUF mil                         0 0 0 0 -1,672    
Pre-Tax Profit HUF mil                         -91,795 -56,088 -38,558 -113,950 10,528    
Tax HUF mil                         -2,913 861 660 3,738 250    
Minorities HUF mil                         -3,927 -118 -141 -5,500 294    
Net Profit HUF mil                         -84,955 -56,831 -39,077 -112,188 9,984    
growth rates                                      
Net Interest Income Growth % ...                       -17.0 -24.9 2.07 -1.52 -12.8    
Net Fee Income Growth % ...                       0.814 -15.6 70.1 10.4 -0.641    
Total Revenue Growth % ...                       -7.06 -35.6 17.3 3.38 -12.4    
Operating Cost Growth % ...                       31.4 -32.7 24.2 3.90 -31.9    
Operating Profit Growth % ...                       -72.2 -58.7 -72.5 -27.2 1,631    
Pre-Tax Profit Growth % ...                       1,194 -38.9 -31.3 196 -109    
Net Profit Growth % ...                       5,613 -33.1 -31.2 187 -109    
market share                                      
Market Share in Revenues %                         9.50 9.04 9.52 9.34 10.1    
Market Share in Net Profit %                       ... ... ... ... ... ...    
Market Share in Employees % ... ... ... ...                 7.51 7.15 6.22 5.84 6.48    
Market Share in Branches % ... ... ... ...                 3.83 3.69 3.51 3.37 2.52    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Cash HUF mil                         98,285 129,153 116,004 518,386 505,024    
Interbank Loans HUF mil                         99,777 32,795 27,733 31,531 59,194    
Customer Loans HUF mil                         1,526,240 1,285,540 1,224,250 1,123,830 914,198    
Retail Loans HUF mil ... ... ... ...                 589,015 434,399 495,307 461,583 270,112    
Corporate Loans HUF mil ... ... ... ...                 859,502 756,710 843,777 847,390 810,136    
Debt Securities HUF mil                         482,815 577,977 417,749 330,138 424,762    
Fixed Assets HUF mil                         36,353 33,574 26,990 25,097 29,988    
Total Assets HUF mil                         2,300,270 2,101,040 1,851,490 2,087,530 1,965,800    
Shareholders' Equity HUF mil                         160,904 115,665 114,402 100,334 156,286    
Of Which Minority Interest HUF mil                         1,496 254 844 639 557    
Liabilities HUF mil                         2,139,370 1,985,370 1,737,090 1,987,190 1,809,520    
Interbank Borrowing HUF mil                         318,070 243,145 225,960 314,479 274,544    
Customer Deposits HUF mil                         1,434,540 1,436,550 1,228,780 1,324,950 1,293,680    
Issued Debt Securities HUF mil                         185,802 198,160 241,069 272,814 124,779    
Other Liabilities HUF mil                         200,957 107,513 41,276 74,950 116,519    
asset quality                                      
Non-Performing Loans HUF mil ... ... ... ... ... ... ...           400,858 424,425 441,391 417,045 230,982    
Gross Loans HUF mil                         1,776,260 1,544,750 1,508,860 1,479,260 1,080,250    
Total Provisions HUF mil                         250,026 259,219 284,608 355,433 166,050    
growth rates                                      
Customer Loan Growth % ...                       -5.49 -15.8 -4.77 -8.20 -18.7    
Retail Loan Growth % ... ... ... ... ...               -35.1 -26.2 14.0 -6.81 -41.5    
Corporate Loan Growth % ... ... ... ... ...               32.9 -12.0 11.5 0.428 -4.40    
Total Asset Growth % ...                       -2.86 -8.66 -11.9 12.7 -5.83    
Shareholders' Equity Growth % ...                       6.20 -28.1 -1.09 -12.3 55.8    
Customer Deposit Growth % ...                       8.37 0.140 -14.5 7.83 -2.36    
market share                                      
Market Share in Customer Loans %                         8.27 8.02 7.98 7.50 6.86    
Market Share in Corporate Loans % ... ... ... ...                 12.6 12.7 14.8 14.4 15.3    
Market Share in Consumer Loans % ... ... ... ...                 7.69 6.68 8.23 7.94 5.33    
Market Share in Total Assets %                         6.07 6.10 5.24 5.71 5.45    
Market Share in Customer Deposits %                         9.82 9.80 8.26 8.27 7.23    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                      
ROE %                         -54.4 -41.1 -34.0 -104 7.78    
ROA %                         -3.64 -2.58 -1.98 -5.70 0.493    
Costs (As % Of Assets) %                         4.81 3.43 4.75 4.95 3.27    
Costs (As % Of Income) %                         88.9 92.9 98.3 98.8 76.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... 11.1 9.19 11.2 19.3 24.3    
Net Interest Margin %                         2.51 2.00 2.27 2.24 1.90    
Interest Spread % ...                       2.23 1.71 2.08 2.13 1.81    
Asset Yield %                         6.35 6.23 5.37 4.23 3.31    
Cost Of Liabilities % ...                       4.12 4.52 3.29 2.10 1.51    
Interest Income (As % Of Revenues) %                         46.3 54.0 47.0 44.8 44.6    
Fee Income (As % Of Revenues) %                         16.7 21.8 31.7 33.8 38.4    
Other Income (As % Of Revenues) %                         37.1 24.2 21.3 21.4 17.1    
Cost Per Employee USD per month ... ... ... ...                 3,785 3,185 3,798 3,602 2,854    
Cost Per Employee (Local Currency) HUF per month ... ... ... ...                 761,099 716,695 849,453 859,097 782,067    
Staff Cost (As % Of Total Cost) %                         25.2 33.5 27.5 24.4 35.0    
Equity (As % Of Assets) %                         7.00 5.51 6.18 4.81 7.95    
Loans (As % Of Deposits) %                         106 89.5 99.6 84.8 70.7    
Loans (As % Assets) %                         66.4 61.2 66.1 53.8 46.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...           22.6 27.5 29.3 28.2 21.4    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...           62.4 61.1 64.5 85.2 71.9    
Provisions (As % Of Loans) %                         16.4 20.2 23.2 31.6 18.2    
Cost of Provisions (As % Of Loans) %                         6.74 4.40 3.20 9.80 1.10    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
Branches ... ... ... ...                 132 123 114 105 71.0    
Employees ... ... ... ...                 3,101 2,940 2,528 2,303 2,474    

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Raiffeisen Hungary's customer deposits rose 13.3% to HUF 1,501,170 mil in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary's customer deposits reached HUF 1,501,170 mil in 2017, up 13.3% compared to the previous year. Hungarian banking sector accepted customer deposits of HUF 20,469 bil in 2017, up 7.74% when compared to the last year. Raiffeisen Bank ...

Raiffeisen Hungary's net profit rose 103% to HUF 30,508 mil in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary made a net profit of HUF 30,508 mil in 2017, up 103% compared to the previous year. This implies a return on equity of 16.0%. Historically, the bank’s net profit reached an all time high of HUF 30,508 mil in 2017 and an all time low of ...

Raiffeisen Hungary's total revenues rose 9.48% to HUF 89,813 mil in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary generated total banking revenues of HUF 89,813 mil in 2017, up 9.48% compared to the previous year. Hungarian banking sector banking sector generated total revenues of HUF 1,358,153 mil in 2017, up 20.3% when compared to the la...

Raiffeisen Hungary's customer loans rose 7.84% to HUF 900,551 mil in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary's customer loans reached HUF 900,551 mil in 2017, up 7.84% compared to the previous year. Hungarian banking sector provided customer loans of HUF 13,845 bil in 2017, up 5.17% when compared to the last year. Raiffeisen Bank Hungary ...

Raiffeisen Hungary's corporate loans rose 6.05% to HUF 695,643 mil in 2017

By Helgi Analytics - December 12, 2019

Raiffeisen Bank Hungary's corporate loans reached HUF 695,643 mil in 2017, up 6.05% compared to the previous year. Hungarian banking sector provided corporate loans of HUF 5,773 bil in 2017, up 10.6% when compared to the last year. Raiffeisen Bank Hungary...

Raiffeisen Hungary's costs (as % of assets) rose 0.227% to 3.21% in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary's cost to income ratio reached 74.7% in 2017, down from 77.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 98.8% of income in 2014 and an all time low of 55.1% in 2009. When compared to t...

Raiffeisen Hungary's net interest income rose 21.2% to HUF 38,930 mil in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary generated total banking revenues of HUF 89,813 mil in 2017, up 9.48% 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 HUF 149,880 mil i...

Raiffeisen Hungary's customer loan growth rose 191% to 7.84% in 2017

By Helgi Analytics - September 28, 2018

Raiffeisen Bank Hungary's customer loan growth reached 7.84% in 2017, up from -8.65% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 55.5% in 2000 and an all time low of -18.7% in 2015. In the last decade, ...

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Raiffeisen Bank Hungary is a fifth largest bank in Hungary with a 7% market share by assets. The Bank offers a typical range of banking services and products for retail as well as corporate segment, but provides also investment banking and treasury services, asset management, private banking, or leasing, for example. Raiffeisen Bank Zrt. was established as Unicbank Rt. in December 1986. Now, the Bank is effectively a 100% subsidiary of Raiffeisen Bank International AG (RBI), which is one of the biggest players in the emerging Europe. The bank now operates in 17 different countries, employes about 60,000 people and services approximatelly 14.4 million customers through more than 3,100 branches.

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Finance

Raiffeisen Bank Hungary has been growing its revenues and asset by -2.88% and 0.652% a year on average in the last 10 years. Its loans and deposits have grown by -5.37% and 2.02% a year during that time and loans to deposits ratio reached 60.0% at the end of 2017. The company achieved an average return on equity of -19.1% in the last decade with net profit growing 1.15% a year on average. In terms of operating efficiency, its cost to income ratio reached 74.7% in 2017, compared to 78.7% average in the last decade.

Equity represented 9.45% of total assets or 22.9% of loans at the end of 2017. Raiffeisen Bank Hungary's non-performing loans were 7.02% of total loans while provisions covered some 80.0% of NPLs at the end of 2017.