Raiffeisen Stambena Stedionica

Raiffeisen Stambena Stedionica's net profit fell 24.3% to HRK 8.64 mil in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica made a net profit of HRK 8.64 mil under revenues of HRK 38.3 mil in 2017, up -24.3% and 14.3% respecti...

Raiffeisen Stambena Stedionica's npls (as % of loans) fell 14.2% to 0.939% in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica's non-performing loans reached 0.939% of total loans at the end of 2017, down from 1.09% compared ...

Raiffeisen Stambena Stedionica's customer loans fell 3.19% to HRK 747 mil in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica's customer loans reached HRK 747 mil in 2017, down 3.19% compared to the previous year. Croatian...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 26.0 24.3 23.7
Fee Income (As % Of Revenues) % 11.7 10.2 6.74
Other Income HRK mil 5.58 5.81 12.0
Total Revenues HRK mil 35.8 33.5 38.3
Staff Cost HRK mil 12.5 9.52 10.6
Operating Profit HRK mil 2.99 12.0 15.9
Provisions HRK mil 0.600 -0.528 -1.05
Net Profit HRK mil 2.39 11.4 8.64
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 107 69.4 24.8
Customer Loans HRK mil 826 772 747
Debt Securities HRK mil 199 377 375
Total Assets HRK mil 1,323 1,238 1,196
Shareholders' Equity HRK mil 87.2 98.6 107
Interbank Borrowing HRK mil 0 0 0
Customer Deposits HRK mil 1,155 1,059 1,028
Issued Debt Securities HRK mil 51.5 51.4 36.3
Ratios 2015 2016 2017
ROE % 2.82 12.3 8.39
ROA % 0.171 0.891 0.710
Costs (As % Of Assets) % 2.35 1.68 1.83
Costs (As % Of Income) % 91.6 64.1 58.4
Capital Adequacy Ratio % 19.4 20.3 23.5
Net Interest Margin % 1.87 1.89 1.95
Loans (As % Of Deposits) % 71.5 72.9 72.7
NPLs (As % Of Loans) % 0.123 1.09 0.939
Provisions (As % Of NPLs) % 1,619 193 214
Growth Rates 2015 2016 2017
Total Revenue Growth % -1.05 -6.44 14.3
Operating Cost Growth % -6.14 -34.6 4.03
Operating Profit Growth % 144 302 32.5
Net Profit Growth % 466 377 -24.3
Customer Loan Growth % -12.6 -6.58 -3.19
Total Asset Growth % -9.81 -6.37 -3.41
Customer Deposit Growth % -10.8 -8.34 -2.88
Shareholders' Equity Growth % 5.77 13.1 8.76
Employees 42.0 43.0 43.0

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                    
Net Interest Income HRK mil       33.6 33.4 31.1 29.6 26.0    
Total Revenues HRK mil       46.0 56.8 42.3 36.2 35.8    
Operating Profit HRK mil       -8.23 3.71 6.19 1.22 2.99    
Net Profit HRK mil       -7.90 4.42 5.73 0.422 2.39    
balance sheet                    
Interbank Loans HRK mil       82.5 36.4 44.6 93.6 107    
Customer Loans HRK mil       1,132 1,136 1,067 945 826    
Debt Securities HRK mil       356 367 369 213 199    
Total Assets HRK mil       1,719 1,676 1,582 1,466 1,323    
Shareholders' Equity HRK mil       83.9 79.9 74.1 82.4 87.2    
Interbank Borrowing HRK mil       0 0 0 0 0    
Customer Deposits HRK mil       1,446 1,426 1,364 1,295 1,155    
Issued Debt Securities HRK mil       51.3 51.4 51.5 51.6 51.5    
ratios                    
ROE %       -8.99 5.39 7.45 0.539 2.82    
ROA %       -0.459 0.260 0.352 0.028 0.171    
Costs (As % Of Assets) %       3.15 3.13 2.22 2.29 2.35    
Costs (As % Of Income) %       118 93.5 85.4 96.6 91.6    
Capital Adequacy Ratio %       18.7 17.6 17.1 16.0 19.4    
Net Interest Margin %       1.95 1.97 1.91 1.94 1.87    
Interest Income (As % Of Revenues) %       73.0 58.8 73.5 81.8 72.7    
Fee Income (As % Of Revenues) %       32.8 24.3 26.8 16.2 11.7    
Staff Cost (As % Of Total Cost) %       44.4 38.7 48.1 46.2 38.1    
Equity (As % Of Assets) %       4.88 4.77 4.69 5.62 6.59    
Loans (As % Of Deposits) %       78.3 79.7 78.2 73.0 71.5    
Loans (As % Assets) %       65.9 67.8 67.4 64.5 62.5    
NPLs (As % Of Loans) %       0.374 0.537 0.291 0.472 0.123    
Provisions (As % Of NPLs) %       280 191 502 360 1,619    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                    
Interest Income HRK mil       79.1 81.3 75.8 71.7 65.2    
Interest Cost HRK mil       45.5 47.9 44.7 42.1 39.2    
Net Interest Income HRK mil       33.6 33.4 31.1 29.6 26.0    
Net Fee Income HRK mil       15.1 13.8 11.3 5.84 4.20    
Other Income HRK mil       -2.65 9.59 -0.133 0.724 5.58    
Total Revenues HRK mil       46.0 56.8 42.3 36.2 35.8    
Staff Cost HRK mil       24.1 20.5 17.4 16.2 12.5    
Depreciation HRK mil       6.84 7.04 2.20 2.03 1.89    
Other Cost HRK mil       23.3 25.5 16.6 16.8 18.4    
Operating Cost HRK mil       54.2 53.1 36.1 35.0 32.8    
Operating Profit HRK mil       -8.23 3.71 6.19 1.22 2.99    
Provisions HRK mil       -0.176 2.69 7.39 0.801 0.600    
Extra and Other Cost HRK mil       < -0.001 < 0.001 < -0.001 < -0.001 0    
Pre-Tax Profit HRK mil       -8.05 1.02 -1.20 0.422 2.39    
Tax HRK mil       -0.157 5.43 4.53 0 0    
Minorities HRK mil       0 0 0 0 0    
Net Profit HRK mil       -7.90 4.42 5.73 0.422 2.39    
growth rates                    
Net Interest Income Growth % ...     17.9 -0.492 -6.79 -4.86 -12.2    
Net Fee Income Growth % ...     8.03 -8.41 -18.0 -48.4 -28.1    
Total Revenue Growth % ...     6.26 23.5 -25.5 -14.5 -1.05    
Operating Cost Growth % ...     -20.0 -2.09 -31.9 -3.25 -6.14    
Operating Profit Growth % ...     -66.3 -145 66.7 -80.2 144    
Pre-Tax Profit Growth % ...     -61.1 -113 -219 -135 466    
Net Profit Growth % ...     -62.2 -156 29.8 -92.6 466    
market share                    
Market Share in Revenues %       0.286 0.383 0.294 0.250 0.246    
Market Share in Net Profit % ...   ... ... 0.162 1.21 0.031 ...    
Market Share in Employees %       0.800 0.739 0.530 0.373 0.201    
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                    
Cash HRK mil       4.82 10.7 10.3 2.01 6.85    
Interbank Loans HRK mil       82.5 36.4 44.6 93.6 107    
Customer Loans HRK mil       1,132 1,136 1,067 945 826    
Debt Securities HRK mil       356 367 369 213 199    
Fixed Assets HRK mil       13.5 8.87 7.24 5.14 4.11    
Total Assets HRK mil       1,719 1,676 1,582 1,466 1,323    
Shareholders' Equity HRK mil       83.9 79.9 74.1 82.4 87.2    
Of Which Minority Interest HRK mil       0 0 0 0 0    
Liabilities HRK mil       1,635 1,596 1,508 1,384 1,235    
Interbank Borrowing HRK mil       0 0 0 0 0    
Customer Deposits HRK mil       1,446 1,426 1,364 1,295 1,155    
Retail Deposits HRK mil       1,446 1,426 1,364 1,295 1,155    
Corporate Deposits HRK mil       0 0 0 0 0    
Issued Debt Securities HRK mil       51.3 51.4 51.5 51.6 51.5    
Other Liabilities HRK mil       138 119 92.2 37.5 28.8    
asset quality                    
Non-Performing Loans HRK mil       4.28 6.16 3.15 4.54 1.04    
Gross Loans HRK mil       1,144 1,148 1,083 962 843    
Total Provisions HRK mil       12.0 11.8 15.8 16.3 16.8    
growth rates                    
Customer Loan Growth % ...     3.04 0.360 -6.11 -11.4 -12.6    
Total Asset Growth % ...     -0.087 -2.50 -5.63 -7.29 -9.81    
Shareholders' Equity Growth % ...     -8.60 -4.80 -7.19 11.2 5.77    
Customer Deposit Growth % ...     -0.617 -1.39 -4.36 -5.06 -10.8    
Retail Deposit Growth % ...     -0.617 -1.39 -4.36 -5.06 -10.8    
market share                    
Market Share in Customer Loans %       0.449 0.481 0.456 0.412 0.371    
Market Share in Total Assets %       0.413 0.408 0.381 0.350 0.318    
Market Share in Customer Deposits %       0.656 0.628 0.577 0.530 0.449    
Market Share in Retail Deposits %       0.848 0.801 0.760 0.707 0.615    
Market Share in Corporate Deposits %       0 0 0 0 0    
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                    
ROE %       -8.99 5.39 7.45 0.539 2.82    
ROA %       -0.459 0.260 0.352 0.028 0.171    
Costs (As % Of Assets) %       3.15 3.13 2.22 2.29 2.35    
Costs (As % Of Income) %       118 93.5 85.4 96.6 91.6    
Capital Adequacy Ratio %       18.7 17.6 17.1 16.0 19.4    
Net Interest Margin %       1.95 1.97 1.91 1.94 1.87    
Interest Spread % ...     1.81 1.82 1.77 1.79 1.68    
Asset Yield %       4.60 4.79 4.66 4.70 4.67    
Cost Of Liabilities % ...     2.79 2.97 2.88 2.91 2.99    
Interest Income (As % Of Revenues) %       73.0 58.8 73.5 81.8 72.7    
Fee Income (As % Of Revenues) %       32.8 24.3 26.8 16.2 11.7    
Other Income (As % Of Revenues) %       -5.77 16.9 -0.314 2.00 15.6    
Cost Per Employee USD per month       2,192 1,744 1,844 2,340 2,588    
Cost Per Employee (Local Currency) HRK per month       11,455 10,685 12,585 17,036 24,835    
Staff Cost (As % Of Total Cost) %       44.4 38.7 48.1 46.2 38.1    
Equity (As % Of Assets) %       4.88 4.77 4.69 5.62 6.59    
Loans (As % Of Deposits) %       78.3 79.7 78.2 73.0 71.5    
Loans (As % Assets) %       65.9 67.8 67.4 64.5 62.5    
NPLs (As % Of Loans) %       0.374 0.537 0.291 0.472 0.123    
Provisions (As % Of NPLs) %       280 191 502 360 1,619    
Provisions (As % Of Loans) %       1.06 1.04 1.48 1.73 2.03    
Cost of Provisions (As % Of Loans) %       -0.016 0.237 0.671 0.080 0.068    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                    
Employees       175 160 115 79.0 42.0    

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Raiffeisen Stambena Stedionica's customer deposits fell 2.88% to HRK 1,028 mil in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica's customer deposits reached HRK 1,028 mil in 2017, down 2.88% compared to the previous year. Croatian banking sector accepted customer deposits of HRK 273 bil in 2017, up 2.57% when compared to the last year. Raiffeisen Stam...

Raiffeisen Stambena Stedionica's retail deposits fell 2.88% to HRK 1,028 mil in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica's retail deposits reached HRK 1,028 mil in 2017, down 2.88% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Raiffeisen Stamben...

Raiffeisen Stambena Stedionica's net interest margin rose 2.79% to 1.95% in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica's net interest margin amounted to 1.95% in 2017, up from 1.89% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 2.37% in 2009 and an all time low of 1.61% in 2010. The...

Raiffeisen Stambena Stedionica's total revenues rose 14.3% to HRK 38.3 mil in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica generated total banking revenues of HRK 38.3 mil in 2017, up 14.3% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to the...

Raiffeisen Stambena Stedionica's net interest income fell 2.29% to HRK 23.7 mil in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica generated total banking revenues of HRK 38.3 mil in 2017, up 14.3% 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 HRK 60.1 mil...

Raiffeisen Stambena Stedionica's corporate deposits remain unchanged at HRK 0 mil in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica's corporate deposits reached HRK 0 mil in 2017, down 0% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Raiffeisen Stambena...

Raiffeisen Stambena Stedionica's customer loan growth rose 51.6% to -3.19% in 2017

By Helgi Analytics - August 10, 2018

Raiffeisen Stambena Stedionica's customer loan growth reached -3.19% in 2017, up from -6.58% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 3.04% in 2011 and an all time low of -12.6% in 2009. In the last ...

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Finance

Raiffeisen Stambena Stedionica has been growing its revenues and asset by 1.89% and -6.57% a year on average in the last 3 years. Its loans and deposits have grown by -7.54% and -7.40% a year during that time and loans to deposits ratio reached 72.7% at the end of 2017. The company achieved an average return on equity of 7.83% in the last three years with net profit growing 174% a year on average. In terms of operating efficiency, its cost to income ratio reached 58.4% in 2017, compared to 71.4% average in the last three years.

Equity represented 8.96% of total assets or of loans at the end of 2017. Raiffeisen Stambena Stedionica's non-performing loans were 0.939% of total loans while provisions covered some 214% of NPLs at the end of 2017.