Raiffeisen Bank Polska

Raiffeisen Polska's net profit rose 412% to PLN 75.6 mil in 2017

By Helgi Analytics - May 9, 2018

Raiffeisen Bank Polska made a net profit of PLN 75.6 mil under revenues of PLN 1,642 mil in 2017, up 412% and 6.63% respectively comp...

Raiffeisen Polska's customer deposits fell 5.47% to PLN 34,341 mil in 2017

By Helgi Analytics - May 22, 2018

Raiffeisen Bank Polska's customer deposits reached PLN 34,341 mil in 2017, down 5.47% compared to the previous year. Polish ban...

Raiffeisen Polska's retail deposits fell 4.75% to PLN 17,353 mil in 2017

By Helgi Analytics - May 22, 2018

Raiffeisen Bank Polska's retail deposits reached PLN 17,353 mil in 2017, down 4.75% compared to the previous year. Polish banki...

Profit Statement 2015 2016 2017
Net Interest Income PLN mil 1,081 1,019 1,105
Fee Income (As % Of Revenues) % 35.1 38.2 35.7
Other Income PLN mil 54.0 -67.0 -49.0
Total Revenues PLN mil 1,749 1,540 1,642
Staff Cost PLN mil 578 548 524
Operating Profit PLN mil 389 417 602
Provisions PLN mil 187 176 302
Net Profit PLN mil 186 14.8 75.6
Balance Sheet 2015 2016 2017
Interbank Loans PLN mil 1,326 335 140
Customer Loans PLN mil 39,206 33,865 32,413
Debt Securities PLN mil 16,412 16,010 13,879
Total Assets PLN mil 61,905 53,258 48,975
Shareholders' Equity PLN mil 6,389 6,363 6,480
Interbank Borrowing PLN mil 13,089 7,433 5,780
Customer Deposits PLN mil 37,762 36,329 34,341
Issued Debt Securities PLN mil 2,483 834 1,065
Ratios 2015 2016 2017
ROE % 2.97 0.231 1.18
ROA % 0.309 0.026 0.148
Costs (As % Of Assets) % 2.26 1.95 2.03
Costs (As % Of Income) % 77.7 72.9 63.3
Capital Adequacy Ratio % 13.6 16.7 17.2
Net Interest Margin % 1.79 1.77 2.16
Loans (As % Of Deposits) % 104 93.2 94.4
NPLs (As % Of Loans) % 7.90 7.88 8.35
Provisions (As % Of NPLs) % 64.2 63.2 66.4
Growth Rates 2015 2016 2017
Total Revenue Growth % -8.03 -11.9 6.63
Operating Cost Growth % 0.773 -17.4 -7.39
Operating Profit Growth % -29.5 7.13 44.4
Net Profit Growth % -44.9 -92.1 412
Customer Loan Growth % -1.54 -13.6 -4.29
Total Asset Growth % 5.55 -14.0 -8.04
Customer Deposit Growth % 14.9 -3.79 -5.47
Shareholders' Equity Growth % 3.86 -0.417 1.85
Employees 5,271 4,338 3,978

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summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Net Interest Income PLN mil             820 950 1,212 1,224 1,081    
Total Revenues PLN mil             1,525 1,889 2,097 1,901 1,749    
Operating Profit PLN mil ...           690 573 602 552 389    
Net Profit PLN mil             317 -32.0 147 338 186    
balance sheet                          
Interbank Loans PLN mil             280 246 368 655 1,326    
Customer Loans PLN mil             22,939 39,587 37,654 39,819 39,206    
Debt Securities PLN mil             7,504 9,882 11,107 13,791 16,412    
Total Assets PLN mil             32,822 54,668 53,401 58,648 61,905    
Shareholders' Equity PLN mil             3,286 5,969 6,119 6,152 6,389    
Interbank Borrowing PLN mil             8,513 14,427 15,937 16,390 13,089    
Customer Deposits PLN mil             19,633 32,186 30,130 32,878 37,762    
Issued Debt Securities PLN mil             860 1,868 558 2,581 2,483    
ratios                          
ROE %             9.97 -0.692 2.43 5.50 2.97    
ROA %             1.05 -0.073 0.272 0.603 0.309    
Costs (As % Of Assets) % ...           2.77 3.01 2.77 2.41 2.26    
Costs (As % Of Income) % ...           54.8 69.7 71.3 70.9 77.7    
Capital Adequacy Ratio % ...           10.9 12.0 12.4 12.9 13.6    
Net Interest Margin %             2.72 2.17 2.24 2.19 1.79    
Interest Income (As % Of Revenues) %             53.8 50.3 57.8 64.4 61.8    
Fee Income (As % Of Revenues) %             18.8 16.0 31.6 32.2 35.1    
Staff Cost (As % Of Total Cost) % ...           48.9 45.1 45.1 46.0 42.5    
Equity (As % Of Assets) %             10.0 10.9 11.5 10.5 10.3    
Loans (As % Of Deposits) %             117 123 125 121 104    
Loans (As % Assets) %             69.9 72.4 70.5 67.9 63.3    
NPLs (As % Of Loans) % ...           6.88 9.65 9.94 8.05 7.90    
Provisions (As % Of NPLs) % ...           54.7 73.1 72.7 62.1 64.2    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Interest Income PLN mil             1,658 2,519 2,335 2,148 1,918    
Interest Cost PLN mil             839 1,607 1,122 924 837    
Net Interest Income PLN mil             820 950 1,212 1,224 1,081    
Net Fee Income PLN mil             286 303 663 613 614    
Other Income PLN mil             419 641 222 64.0 54.0    
Total Revenues PLN mil             1,525 1,889 2,097 1,901 1,749    
Staff Cost PLN mil ...           408 594 674 620 578    
Depreciation PLN mil ...           85.8 144 155 177 161    
Other Cost PLN mil             341 579 667 552 620    
Operating Cost PLN mil ...           835 1,316 1,495 1,349 1,359    
Operating Profit PLN mil ...           690 573 602 552 389    
Provisions PLN mil             251 543 362 107 187    
Extra and Other Cost PLN mil ...           0 < -0.001 < -0.001 0.001 -50.8    
Pre-Tax Profit PLN mil             439 35.0 240 446 253    
Tax PLN mil             99.0 22.0 57.0 109 67.2    
Minorities PLN mil             23.1 42.6 36.1 -0.741 0    
Net Profit PLN mil             317 -32.0 147 338 186    
Dividends PLN mil             10.6 18.0 20.0 ... ...    
growth rates                          
Net Interest Income Growth % ...           6.63 15.9 27.6 1.02 -11.7    
Net Fee Income Growth % ...           11.0 5.94 119 -7.58 0.124    
Total Revenue Growth % ...           15.9 23.9 11.0 -9.33 -8.03    
Operating Cost Growth % ... ...         18.1 57.6 13.6 -9.77 0.773    
Operating Profit Growth % ... ...         13.2 -17.0 5.10 -8.26 -29.5    
Pre-Tax Profit Growth % ...           23.3 -92.0 586 85.7 -43.1    
Net Profit Growth % ...           30.3 -110 -559 130 -44.9    
market share                          
Market Share in Revenues %             2.66 3.21 3.78 3.30 3.13    
Market Share in Net Profit %             2.04 ... 0.969 2.13 1.66    
Market Share in Employees % ... ... ... ... ... ... ... ... 3.10 3.20 3.01    
Market Share in Branches % ... ... ... ... ... ... ... ... 2.42 2.17 2.31    
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                          
Cash PLN mil             1,123 3,100 2,422 2,684 2,704    
Interbank Loans PLN mil             280 246 368 655 1,326    
Customer Loans PLN mil             22,939 39,587 37,654 39,819 39,206    
Retail Loans PLN mil ...           7,367 27,301 25,456 24,188 23,890    
Mortgage Loans PLN mil ... ... ... ... ... ... ... ... ... 17,621 18,434    
Consumer Loans PLN mil ... ... ... ... ... ... ... ... ... 6,567 5,456    
Corporate Loans PLN mil ...           16,320 15,242 15,091 17,698 17,410    
Debt Securities PLN mil             7,504 9,882 11,107 13,791 16,412    
Fixed Assets PLN mil             378 915 931 892 828    
Total Assets PLN mil             32,822 54,668 53,401 58,648 61,905    
Shareholders' Equity PLN mil             3,286 5,969 6,119 6,152 6,389    
Of Which Minority Interest PLN mil             257 279 298 0.059 0    
Liabilities PLN mil             29,536 48,699 47,282 52,497 55,516    
Interbank Borrowing PLN mil             8,513 14,427 15,937 16,390 13,089    
Customer Deposits PLN mil             19,633 32,186 30,130 32,878 37,762    
Retail Deposits PLN mil ...           8,213 18,585 15,116 15,763 19,399    
Corporate Deposits PLN mil ...           11,392 13,591 15,008 17,115 18,363    
Issued Debt Securities PLN mil             860 1,868 558 2,581 2,483    
Other Liabilities PLN mil             530 219 657 648 2,181    
asset quality                          
Non-Performing Loans PLN mil ...           1,640 4,108 4,033 3,376 3,263    
Gross Loans PLN mil ...           23,836 42,590 40,587 41,915 41,300    
Total Provisions PLN mil ...           898 3,003 2,932 2,096 2,094    
growth rates                          
Customer Loan Growth % ...           17.0 72.6 -4.88 5.75 -1.54    
Retail Loan Growth % ... ...         4.45 271 -6.76 -4.98 -1.23    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... 4.62    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... -16.9    
Corporate Loan Growth % ... ...         24.0 -6.61 -0.991 17.3 -1.63    
Total Asset Growth % ...           19.3 66.6 -2.32 9.83 5.55    
Shareholders' Equity Growth % ...           6.84 81.7 2.51 0.538 3.86    
Customer Deposit Growth % ...           21.6 63.9 -6.39 9.12 14.9    
Retail Deposit Growth % ... ...         54.6 126 -18.7 4.29 23.1    
Corporate Deposit Growth % ... ...         6.01 19.3 10.4 14.0 7.29    
market share                          
Market Share in Customer Loans %             2.50 4.23 3.87 3.83 3.55    
Market Share in Corporate Loans % ...           6.17 5.60 5.43 5.88 5.32    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... 2.82 2.21    
Market Share in Consumer Loans % ...           1.38 5.12 4.59 4.11 3.80    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... 4.95 4.83    
Market Share in Total Assets %             2.54 4.05 3.80 3.83 3.87    
Market Share in Customer Deposits %             2.17 3.46 3.08 3.14 3.39    
Market Share in Retail Deposits % ...           1.72 3.60 2.76 2.60 2.91    
Market Share in Corporate Deposits % ...           5.53 7.11 7.16 7.46 7.25    
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                          
ROE %             9.97 -0.692 2.43 5.50 2.97    
ROA %             1.05 -0.073 0.272 0.603 0.309    
Costs (As % Of Assets) % ...           2.77 3.01 2.77 2.41 2.26    
Costs (As % Of Income) % ...           54.8 69.7 71.3 70.9 77.7    
Capital Adequacy Ratio % ...           10.9 12.0 12.4 12.9 13.6    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... 12.2 13.0    
Net Interest Margin %             2.72 2.17 2.24 2.19 1.79    
Interest Spread % ...           2.39 1.65 1.98 1.98 1.63    
Asset Yield %             5.50 5.76 4.32 3.83 3.18    
Cost Of Liabilities % ...           3.11 4.11 2.34 1.85 1.55    
Payout Ratio %             3.35 -56.3 13.6 ... ...    
Interest Income (As % Of Revenues) %             53.8 50.3 57.8 64.4 61.8    
Fee Income (As % Of Revenues) %             18.8 16.0 31.6 32.2 35.1    
Other Income (As % Of Revenues) %             27.5 33.9 10.6 3.37 3.09    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... 3,191 2,797 2,456    
Cost Per Employee (Local Currency) PLN per month ... ... ... ... ... ... ... ... 10,085 9,165 9,138    
Staff Cost (As % Of Total Cost) % ...           48.9 45.1 45.1 46.0 42.5    
Equity (As % Of Assets) %             10.0 10.9 11.5 10.5 10.3    
Loans (As % Of Deposits) %             117 123 125 121 104    
Loans (As % Assets) %             69.9 72.4 70.5 67.9 63.3    
NPLs (As % Of Loans) % ...           6.88 9.65 9.94 8.05 7.90    
Provisions (As % Of NPLs) % ...           54.7 73.1 72.7 62.1 64.2    
Provisions (As % Of Loans) % ...           3.91 7.58 7.79 5.26 5.34    
Cost of Provisions (As % Of Loans) %             1.18 1.74 0.937 0.275 0.473    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                          
Branches ... ... ... ... ... ... ... ... 370 326 334    
Employees ... ... ... ... ... ... ... ... 5,569 5,638 5,271    
Clients mil ... ... ... ... ... ... ... ... 0.777 ... ... ... ...

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Raiffeisen Polska's corporate deposits fell 6.20% to PLN 16,988 mil in 2017

By Helgi Analytics - May 22, 2018

Raiffeisen Bank Polska's corporate deposits reached PLN 16,988 mil in 2017, down 6.20% compared to the previous year. Polish banking sector accepted corporate deposits of PLN 285 bil in 2017, up 3.64% when compared to the last year. Raiffeisen Bank Polska...

Raiffeisen Polska's npls (as % of loans) rose 5.88% to 8.35% in 2017

By Helgi Analytics - May 9, 2018

Raiffeisen Bank Polska's non-performing loans reached 8.35% of total loans at the end of 2017, up from 7.88% compared to the previous year. Historically, the NPL ratio hit an all time high of 9.94% in 2013 and an all time low of 2.76% in 2007. Provision cov...

Raiffeisen Polska's costs (as % of assets) rose 4.32% to 2.03% in 2017

By Helgi Analytics - May 9, 2018

Raiffeisen Bank Polska's cost to income ratio reached 63.3% in 2017, down from 72.9% compared to the previous year. Historically, the bank’s costs reached an all time high of 77.7% of income in 2015 and an all time low of 63.3% in 2017. When compared to to...

Raiffeisen Polska's customer loans fell 4.29% to PLN 32,413 mil in 2017

By Helgi Analytics - May 22, 2018

Raiffeisen Bank Polska's customer loans reached PLN 32,413 mil in 2017, down 4.29% compared to the previous year. Polish banking sector provided customer loans of PLN 1,206 bil in 2017, up 3.69% when compared to the last year. Raiffeisen Bank Polska accou...

Raiffeisen Polska's total revenues rose 6.63% to PLN 1,642 mil in 2017

By Helgi Analytics - May 22, 2018

Raiffeisen Bank Polska generated total banking revenues of PLN 1,642 mil in 2017, up 6.63% compared to the previous year. Polish banking sector banking sector generated total revenues of PLN 61,763 mil in 2017, up 4.13% when compared to the last year....

Raiffeisen Polska's net interest margin rose 22.1% to 2.16% in 2017

By Helgi Analytics - May 9, 2018

Raiffeisen Bank Polska's net interest margin amounted to 2.16% in 2017, up from 1.77% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.83% in 2006 and an all time low of 1.77% in 2016. The average...

Raiffeisen Polska's employees fell 8.30% to 3,978 in 2017

By Helgi Analytics - May 9, 2018

Raiffeisen Bank Polska employed 3,978 persons in 2017, down 8.30% when compared to the previous year. Historically, the bank's workforce hit an all time high of 5,638 persons in 2014 and an all time low of 3,978 in 2017. Average cost reached USD 2,862 per month p...

Raiffeisen Polska's net interest income rose 8.37% to PLN 1,105 mil in 2017

By Helgi Analytics - May 9, 2018

Raiffeisen Bank Polska generated total banking revenues of PLN 1,642 mil in 2017, up 6.63% 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 PLN 2,097 mil in 20...

Raiffeisen Polska's corporate loans rose 5.88% to PLN 13,189 mil in 2017

By Helgi Analytics - December 12, 2019

Raiffeisen Bank Polska's corporate loans reached PLN 13,189 mil in 2017, up 5.88% compared to the previous year. Polish banking sector provided corporate loans of PLN 353 bil in 2017, up 5.80% when compared to the last year. Raiffeisen Bank Polska account...

Raiffeisen Polska's customer loan growth rose 68.5% to -4.29% in 2017

By Helgi Analytics - May 9, 2018

Raiffeisen Bank Polska's customer loan growth reached -4.29% in 2017, up from -13.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 72.6% in 2012 and an all time low of -13.6% in 2016. In the last decade, ...

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Raiffeisen Bank Polska S.A. is a Poland-based medium-sized universal bank. 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 Polska S.A. offers its products and services to some 0.8 mil clients through a network of 326 branches. The Bank was founded in 1991 and is based in Warsaw, Poland. Raiffeisen Bank Polska operates as a subsidiary of Raiffeisen Bank International AG (RBI). RBI 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 Polska has been growing its revenues and asset by 4.32% and 8.62% a year on average in the last 10 years. Its loans and deposits have grown by 7.02% and 10.7% a year during that time and loans to deposits ratio reached 94.4% at the end of 2017. The company achieved an average return on equity of 5.05% in the last decade with net profit growing -13.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.3% in 2017, compared to 64.0% average in the last decade.

Equity represented 13.2% of total assets or 20.0% of loans at the end of 2017. Raiffeisen Bank Polska's non-performing loans were 8.35% of total loans while provisions covered some 66.4% of NPLs at the end of 2017.