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Raiffeisen Stavebni Sporitelna

RSS's employees fell 30.5% yoy to 187 in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna employed 187 persons in 2021-09-30, down 18.0% when compared to the previous year. Historically, ...

RSS's npls (as % of loans) fell 5.01% yoy to 1.46% in 1Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's non-performing loans reached 1.46% of total loans at the end of 2021-03-31, down from 1.54% comp...

RSS's mortgage loans rose 9.22% yoy to CZK 56,223 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's mortgage loans reached CZK 56,223 mil in 2021-09-30, up 5.65% compared to the previous year. C...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 987 1,041 947
Net Fee Income CZK mil 247 244 237
Other Income CZK mil -1.59 -23.0 -14.0
Total Revenues CZK mil 1,233 1,262 1,170
Staff Cost CZK mil 253 273 294
Operating Profit CZK mil 677 721 604
Provisions CZK mil 33.6 54.0 329
Net Profit CZK mil 516 536 217
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 1,043 4,757 7,938
Customer Loans CZK mil 50,350 54,064 57,045
Investments CZK mil 15,443 10,993 8,255
Total Assets CZK mil 69,057 71,833 75,310
Shareholders' Equity CZK mil 4,768 5,012 5,229
Interbank Borrowing CZK mil 0 0 0
Customer Deposits CZK mil 63,533 65,762 69,182
Issued Debt Securities CZK mil 500 302 302
Ratios 2018 2019 2020
ROE % 10.8 11.0 4.24
ROA % 0.757 0.761 0.295
Costs (As % Of Assets) % 0.816 0.768 0.769
Costs (As % Of Income) % 45.1 42.9 48.4
Capital Adequacy Ratio % 14.5 15.6 17.2
Net Interest Margin % 1.45 1.48 1.29
Loans (As % Of Deposits) % 79.3 82.2 82.5
NPLs (As % Of Loans) % 2.33 1.80 1.29
Provisions (As % Of NPLs) % 94.7 98.1 141
Growth Rates 2018 2019 2020
Total Revenue Growth % 13.3 2.36 -7.29
Operating Cost Growth % 14.7 -2.72 4.62
Operating Profit Growth % 12.2 6.54 -16.2
Net Profit Growth % 16.1 4.00 -59.5
Customer Loan Growth % 21.0 7.38 5.51
Total Asset Growth % 2.72 4.02 4.84
Customer Deposit Growth % 3.79 3.51 5.20
Shareholders' Equity Growth % -0.076 5.12 4.33
Employees 267 268 265

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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 2018 2019 2020
income statement                                            
Net Interest Income CZK mil                               893 766 866 903 987    
Total Revenues CZK mil                               1,068 946 981 1,088 1,233    
Operating Profit CZK mil                               602 500 511 603 677    
Net Profit CZK mil                               398 392 530 444 516    
balance sheet                                            
Interbank Loans CZK mil                               1,398 7.00 1,808 457 1,043    
Customer Loans CZK mil                               38,060 37,732 38,457 41,615 50,350    
Investments CZK mil                               36,808 32,897 24,053 16,496 15,443    
Total Assets CZK mil                               79,277 75,580 66,243 67,230 69,057    
                                               
Shareholders' Equity CZK mil                               4,694 4,719 4,785 4,771 4,768    
Interbank Borrowing CZK mil                               0 0 0 0 0    
Customer Deposits CZK mil                               73,536 70,157 60,817 61,211 63,533    
Issued Debt Securities CZK mil ... ...                           0 0 0 472 500    
ratios                                            
ROE % ...                             8.54 8.33 11.2 9.29 10.8    
ROA % ...                             0.494 0.506 0.747 0.665 0.757    
Costs (As % Of Assets) % ...                             0.578 0.576 0.663 0.727 0.816    
Costs (As % Of Income) %                               43.6 47.1 47.9 44.6 45.1    
Capital Adequacy Ratio % ... ...                           13.9 16.1 16.1 16.0 14.5    
Net Interest Margin % ...                             1.11 0.989 1.22 1.35 1.45    
Interest Income (As % Of Revenues) %                               83.6 81.0 88.3 83.0 80.1    
Fee Income (As % Of Revenues) %                               21.3 23.5 14.9 8.73 20.1    
Staff Cost (As % Of Total Cost) %                               47.2 49.6 48.7 50.3 45.5    
Equity (As % Of Assets) %                               5.92 6.24 7.22 7.10 6.90    
Loans (As % Of Deposits) %                               51.8 53.8 63.2 68.0 79.3    
Loans (As % Assets) %                               48.0 49.9 58.1 61.9 72.9    
NPLs (As % Of Loans) % ... ...                           3.50 3.90 3.48 2.95 2.33    
Provisions (As % Of NPLs) % ... ...                           72.3 67.0 68.2 77.9 94.7    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                            
Interest Income CZK mil                               2,441 2,201 1,931 1,792 1,828    
Interest Cost CZK mil                               1,548 1,435 1,065 889 841    
Net Interest Income CZK mil                               893 766 866 903 987    
Net Fee Income CZK mil                               227 222 146 95.0 247    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                               -52.0 -42.0 -31.0 90.0 -1.59    
Total Revenues CZK mil                               1,068 946 981 1,088 1,233    
Staff Cost CZK mil                               220 221 229 244 253    
Depreciation CZK mil                               28.0 33.0 38.0 43.0 50.5    
Other Cost CZK mil                               218 192 203 198 253    
Operating Cost CZK mil                               466 446 470 485 556    
Operating Profit CZK mil                               602 500 511 603 677    
Provisions CZK mil                               123 28.0 -130 67.0 33.6    
Extra and Other Cost CZK mil                               0 0 0 0 0.439    
Pre-Tax Profit CZK mil                               479 472 641 536 643    
Tax CZK mil                               81.0 80.0 111 92.0 127    
Minorities CZK mil                               0 0 0 0 0    
Net Profit CZK mil                               398 392 530 444 516    
Net Profit Avail. to Common CZK mil                               398 392 530 444 516    
Dividends CZK mil ... ... ...                         300 250 300 300 300   ...
growth rates                                            
Net Interest Income Growth % ...                             -12.5 -14.2 13.1 4.27 9.32    
Net Fee Income Growth % ...                             7.58 -2.20 -34.2 -34.9 160    
Total Revenue Growth % ...                             -9.41 -11.4 3.70 10.9 13.3    
Operating Cost Growth % ...                             -8.98 -4.29 5.38 3.19 14.7    
Operating Profit Growth % ...                             -9.75 -16.9 2.20 18.0 12.2    
Pre-Tax Profit Growth % ...                             -8.76 -1.46 35.8 -16.4 19.9    
Net Profit Growth % ...                             -8.29 -1.51 35.2 -16.2 16.1    
market share                                            
Market Share in Revenues %                               0.636 0.543 0.544 0.607 0.648 ... ...
Market Share in Net Profit % ...                             0.631 0.591 0.721 0.590 0.633 ... ...
Market Share in Employees % ... ...                           0.652 0.629 0.646 0.640 0.638 ... ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ...           8.89 8.31 9.14 9.10 9.10 ... ...
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                            
Cash & Cash Equivalents CZK mil                               1,616 3,584 614 1,028 913    
Interbank Loans CZK mil                               1,398 7.00 1,808 457 1,043    
Customer Loans CZK mil                               38,060 37,732 38,457 41,615 50,350    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 31,656 31,651 32,484 37,059 45,305    
Mortgage Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 31,656 31,651 32,484 37,059 45,305    
Consumer Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0 0 0    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7,284 6,987 6,808 4,564 5,045    
Investments CZK mil                               36,808 32,897 24,053 16,496 15,443    
Property and Equipment CZK mil                               136 163 191 216 234    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                               79,277 75,580 66,243 67,230 69,057    
                                               
Shareholders' Equity CZK mil                               4,694 4,719 4,785 4,771 4,768    
Of Which Minority Interest CZK mil ... ...                           0 0 0 0 0    
Liabilities CZK mil                               74,583 70,861 61,458 62,459 64,289    
Interbank Borrowing CZK mil                               0 0 0 0 0    
Customer Deposits CZK mil                               73,536 70,157 60,817 61,211 63,533    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 71,927 68,594 59,320 60,795 63,533    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 774 696 670 175 0    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issued Debt Securities CZK mil ... ...                           0 0 0 472 500    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Liabilities CZK mil ... ...                           1,047 704 641 776 255    
asset quality                                            
Non-Performing Loans CZK mil ... ...                           1,366 1,513 1,372 1,257 1,174    
Gross Loans CZK mil ... ...                           39,048 38,746 39,393 42,594 50,350    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ...       30,485 26,352 26,670 26,799 29,570    
Total Provisions CZK mil ... ...                           988 1,014 936 979 1,111    
growth rates                                            
Customer Loan Growth % ...                             -2.78 -0.862 1.92 8.21 21.0    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -0.016 2.63 14.1 22.3    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -0.016 2.63 14.1 22.3    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -4.08 -2.56 -33.0 10.5    
Total Asset Growth % ...                             -3.21 -4.66 -12.4 1.49 2.72    
Shareholders' Equity Growth % ...                             1.56 0.533 1.40 -0.285 -0.076    
Customer Deposit Growth % ...                             -2.92 -4.60 -13.3 0.647 3.79    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -4.63 -13.5 2.49 4.50    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -10.1 -3.74 -73.9 -100 ...  
market share                                            
Market Share in Customer Loans %                               1.44 1.36 1.30 1.35 1.52    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.833 0.759 0.698 0.447 0.467    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0 0 0    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.57 2.39 2.29 2.42 2.75    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.52 3.26 3.08 3.23 3.64    
Market Share in Total Assets %                               1.47 1.36 1.10 0.952 0.942    
Market Share in Customer Deposits %                               2.14 1.99 1.61 1.47 1.43    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.74 3.37 2.69 2.56 2.48    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.092 0.076 0.073 0.018 0    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                             
ROE % ...                             8.54 8.33 11.2 9.29 10.8    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ...     8.78 9.20 13.3 11.1 12.2    
ROA % ...                             0.494 0.506 0.747 0.665 0.757    
Return on Loans % ...                             1.03 1.03 1.39 1.11 1.12    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ...     1.99 1.76 1.93 2.26 2.40    
Costs (As % Of Assets) % ...                             0.578 0.576 0.663 0.727 0.816    
Costs (As % Of Income) %                               43.6 47.1 47.9 44.6 45.1    
Costs (As % Of Loans) % ...                             1.21 1.18 1.23 1.21 1.21    
Costs (As % Of Loans & Deposits) % ...                             0.411 0.406 0.454 0.480 0.513    
Capital Adequacy Ratio % ... ...                           13.9 16.1 16.1 16.0 14.5    
Tier 1 Ratio % ... ...                           13.9 16.1 16.1 16.0 14.5    
Net Interest Margin % ...                             1.11 0.989 1.22 1.35 1.45    
Interest Spread % ...                             0.990 0.869 1.11 1.25 1.36    
Asset Yield % ...                             3.03 2.84 2.72 2.69 2.68    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ...     3.53 3.33 3.70 4.07 4.37    
Cost Of Liabilities % ...                             2.04 1.97 1.61 1.43 1.33    
Payout Ratio % ... ... ...                         75.4 63.8 56.6 67.6 58.2   ...
Interest Income (As % Of Revenues) %                               83.6 81.0 88.3 83.0 80.1    
Fee Income (As % Of Revenues) %                               21.3 23.5 14.9 8.73 20.1    
Other Income (As % Of Revenues) %                               -4.87 -4.44 -3.16 8.27 -0.129    
Staff Cost (As % Of Total Cost) %                               47.2 49.6 48.7 50.3 45.5    
Equity (As % Of Assets) %                               5.92 6.24 7.22 7.10 6.90    
Equity (As % Of Loans) %                               12.3 12.5 12.4 11.5 9.47    
Loans (As % Of Deposits) %                               51.8 53.8 63.2 68.0 79.3    
Loans (As % Assets) %                               48.0 49.9 58.1 61.9 72.9    
NPLs (As % Of Loans) % ... ...                           3.50 3.90 3.48 2.95 2.33    
Provisions (As % Of NPLs) % ... ...                           72.3 67.0 68.2 77.9 94.7    
Provisions (As % Of Loans) % ... ...                           2.60 2.69 2.43 2.35 2.21    
Cost of Provisions (As % Of Loans) % ...                             0.319 0.074 -0.341 0.167 0.073    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                             
Branches ... ... ... ... ... ... ... ... ... ...           197 180 187 177 178    
Employees ... ...                           263 259 265 268 267    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ...           1.34 1.44 1.42 1.51 1.50    
Cost Per Employee USD per month ... ...                           3,262 2,979 2,854 3,233 3,607    
Cost Per Employee (Local Currency) CZK per month ... ...                           69,709 71,107 72,013 75,871 78,907    
customer breakdown Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                             
Customers mil ... ...                           0.683 0.631 0.588 0.560 0.557    
Number of Accounts mil ... ...                           0.683 0.631 0.588 0.560 0.557    
Number of Primary Customers mil ... ...                           0.104 0.101 0.099 0.099 0.100    
Number of Mortgages mil ... ...                           0.104 0.101 0.099 0.099 0.100    
Average Size of Deposit CZK ... ...                           107,675 111,183 103,384 109,376 114,144    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 304,830 313,976 327,969 376,071 452,916    
Accounts (As % of Total Clients) % ... ...                           100 100 100 100 100    
Primary (As % of Total Clients) % ... ...                           15.2 16.0 16.8 17.6 18.0    
Mortgages (As % of Total Clients) % ... ...                           15.2 16.0 16.8 17.6 18.0    
Revenue per Customer (Local Currency) CZK ... ...                           1,564 1,499 1,668 1,944 2,215    
Net Profit per Customer (Local Currency) CZK ... ...                           583 621 901 793 926    
Loan per Customer (Local Currency) CZK ... ...                           55,729 59,797 65,374 74,360 90,459    
Deposit per Customer (Local Currency) CZK ... ...                           107,675 111,183 103,384 109,376 114,144    
Revenue per Customer USD ... ...                           73.2 62.8 66.1 82.9 101    
Net Profit per Customer USD ... ...                           27.3 26.0 35.7 33.8 42.3    
Loan per Customer USD ... ...                           2,432 2,409 2,550 3,493 4,026    
Deposit per Customer USD ... ...                           4,699 4,479 4,032 5,137 5,081    

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RSS's customer loans rose 7.67% yoy to CZK 61,348 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's customer loans reached CZK 61,348 mil in 2021-09-30, up 5.12% compared to the previous year. Czech banking sector provided customer loans of CZK 3,777 bil in 2021-09-30, up 2.04% when compared to the last year. Raiffeisen ...

RSS's capital adequacy ratio rose 3.64% yoy to 17.9% in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's capital adequacy ratio reached 17.9% at the end of third quarter of 2021, up from 16.5% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 17.9% in 3Q2021 and an all time low of 9.2...

RSS's retail loans rose 9.22% yoy to CZK 56,223 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's retail loans reached CZK 56,223 mil in the third quarter of 2021, up 5.65% compared to the previous year. Czech banking sector provided retail loans of CZK 1,991 bil in 3Q2021, up 2.84% when compared to the last year. Raif...

RSS's net profit rose 11.8% yoy to CZK 133 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna made a net profit of CZK 133 mil in the third quarter of 2021, up 11.8% when compared to the same period of last year. This implies a return on equity of 9.91%. Historically, the bank’s net profit reached an all time high of CZK 324...

RSS's net profit rose 11.8% yoy to CZK 133 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna made a net profit of CZK 133 mil under revenues of CZK 259 mil in the third quarter of 2021, up 11.8% and down 11.8% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all...

RSS's corporate deposits remain unchanged yoy at CZK 362 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's corporate deposits reached CZK 362 mil in 2021-09-30, up 2.21% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,267 bil in 2021-09-30, up 1.15% when compared to the last year. Raiffe...

RSS's customer deposits rose 4.87% yoy to CZK 69,623 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's customer deposits reached CZK 69,623 mil in 2021-09-30, up 0.228% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,949 bil in 2021-09-30, up 1.60% when compared to the last year. Raif...

RSS's net interest margin fell 12.1% yoy to 1.14% in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's net interest margin amounted to 1.14% in the third quarter of 2021, up from 1.06% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 2.87% in 2Q2001 and an all time...

RSS's total revenues fell 11.8% yoy to CZK 259 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna generated total banking revenues of CZK 259 mil in 2021-09-30, down 0.164% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 45,285 mil in 2021-09-30, down 2.23% when comp...

RSS's retail deposits rose 3.66% yoy to CZK 68,823 mil in 3Q2021

By Helgi Analytics - March 8, 2022

Raiffeisen Stavebni Sporitelna's retail deposits reached CZK 68,823 mil in 2021-09-30, up 0.213% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,258 bil in 2021-09-30, up 1.01% when compared to the last year. Raiffeis...

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Raiffeisen Stavebni is one of the five building savings banks operating in the Czech Republic. It is partly owned by the Czech subsidiary of Raiffeisenbank (10%) with the rest in the hands of Raiffeisen Bausparkasse. Following the acquisition of Hypo Stavební Spořitelna in 2008, the building savings bank owned some 15% of building savings loans and deposits. It cooperates with Raiffeisenbank and operates through a network of 200 selling points.

Raiffeisen Stavebni Sporitelna Logo

Finance

Raiffeisen Stavebni Sporitelna has been growing its revenues and asset by -2.69% and -0.927% a year on average in the last 10 years. Its loans and deposits have grown by 3.72% and -0.956% a year during that time and loans to deposits ratio reached 82.5% at the end of 2020. The company achieved an average return on equity of 10.2% in the last decade with net profit growing -10.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 48.4% in 2020, compared to 43.6% average in the last decade.

Equity represented 6.94% of total assets or 9.17% of loans at the end of 2020. Raiffeisen Stavebni Sporitelna's non-performing loans were 1.29% of total loans while provisions covered some 141% of NPLs at the end of 2020.