Raiffeisenbank Croatia

Raiffeisen Croatia's capital adequacy ratio rose 1.44% to 20.5% in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia's capital adequacy ratio reached 20.5% at the end of 2017, up from 20.2% compared to the previous year. ...

Raiffeisen Croatia's npls (as % of loans) fell 33.9% to 13.1% in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia's non-performing loans reached 13.1% of total loans at the end of 2017, down from 19.9% compared to the pr...

Raiffeisen Croatia's net profit fell 64.9% to HRK 188 mil in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia made a net profit of HRK 188 mil under revenues of HRK 1,874 mil in 2017, up -64.9% and -9.12% respectively co...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 1,033 988 913
Fee Income (As % Of Revenues) % 23.2 21.2 25.0
Other Income HRK mil 495 637 492
Total Revenues HRK mil 1,990 2,062 1,874
Staff Cost HRK mil 424 420 430
Operating Profit HRK mil 759 185 662
Provisions HRK mil 941 107 386
Net Profit HRK mil -156 535 188
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 955 1,332 894
Customer Loans HRK mil 19,626 18,504 17,745
Debt Securities HRK mil 7,602 8,025 7,167
Total Assets HRK mil 35,058 35,364 34,178
Shareholders' Equity HRK mil 4,394 4,890 4,685
Interbank Borrowing HRK mil 246 441 1,056
Customer Deposits HRK mil 23,640 24,144 23,780
Issued Debt Securities HRK mil 5,097 4,829 3,404
Ratios 2015 2016 2017
ROE % -3.28 11.5 3.93
ROA % -0.440 1.52 0.541
Costs (As % Of Assets) % 3.47 5.33 3.49
Costs (As % Of Income) % 61.9 91.0 64.7
Capital Adequacy Ratio % 19.3 20.2 20.5
Net Interest Margin % 2.91 2.81 2.63
Loans (As % Of Deposits) % 83.0 76.6 74.6
NPLs (As % Of Loans) % ... 19.9 13.1
Provisions (As % Of NPLs) % ... 64.4 77.8
Growth Rates 2015 2016 2017
Total Revenue Growth % -7.10 3.62 -9.12
Operating Cost Growth % -3.07 52.5 -35.4
Operating Profit Growth % -13.0 -75.6 258
Net Profit Growth % -143 -443 -64.9
Customer Loan Growth % -9.89 -5.72 -4.10
Total Asset Growth % -2.31 0.873 -3.35
Customer Deposit Growth % 0.480 2.13 -1.51
Shareholders' Equity Growth % -14.1 11.3 -4.19
Employees 2,319 2,309 2,261

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Net Interest Income HRK mil                   1,341 1,227 1,203 1,182 1,033    
Total Revenues HRK mil                   2,081 2,053 2,084 2,142 1,990    
Operating Profit HRK mil                   794 831 876 872 759    
Net Profit HRK mil                   302 336 309 361 -156    
balance sheet                                
Interbank Loans HRK mil                   1,851 2,060 1,622 1,428 955    
Customer Loans HRK mil                   27,049 24,513 23,812 21,780 19,626    
Debt Securities HRK mil                   4,682 5,067 4,493 6,634 7,602    
Total Assets HRK mil                   41,184 38,468 36,152 35,887 35,058    
Shareholders' Equity HRK mil                   5,820 5,529 5,529 5,117 4,394    
Interbank Borrowing HRK mil                   766 588 543 302 246    
Customer Deposits HRK mil                   23,245 22,840 21,672 23,527 23,640    
Issued Debt Securities HRK mil                   9,562 7,682 6,923 5,809 5,097    
ratios                                
ROE %                   5.15 5.92 5.59 6.78 -3.28    
ROA %                   0.717 0.844 0.828 1.00 -0.440    
Costs (As % Of Assets) %                   3.06 3.07 3.24 3.53 3.47    
Costs (As % Of Income) %                   61.8 59.5 58.0 59.3 61.9    
Capital Adequacy Ratio %                   16.7 17.1 17.7 18.9 19.3    
Net Interest Margin %                   3.19 3.08 3.22 3.28 2.91    
Interest Income (As % Of Revenues) %                   64.4 59.8 57.7 55.2 51.9    
Fee Income (As % Of Revenues) %                   19.8 16.7 16.8 18.1 23.2    
Staff Cost (As % Of Total Cost) %                   33.9 33.6 34.1 33.5 34.4    
Equity (As % Of Assets) %                   14.1 14.4 15.3 14.3 12.5    
Loans (As % Of Deposits) %                   116 107 110 92.6 83.0    
Loans (As % Assets) %                   65.7 63.7 65.9 60.7 56.0    
NPLs (As % Of Loans) % ... ...               12.2 16.0 14.7 16.2 ...    
Provisions (As % Of NPLs) % ... ...               46.6 46.6 60.6 66.5 ...    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Interest Income HRK mil                   2,379 2,146 1,856 1,732 1,452    
Interest Cost HRK mil                   1,038 919 653 550 419    
Net Interest Income HRK mil                   1,341 1,227 1,203 1,182 1,033    
Net Fee Income HRK mil                   413 342 350 388 462    
Other Income HRK mil                   327 484 531 572 495    
Total Revenues HRK mil                   2,081 2,053 2,084 2,142 1,990    
Staff Cost HRK mil                   436 411 412 426 424    
Depreciation HRK mil                   290 244 220 200 153    
Other Cost HRK mil                   561 567 576 644 654    
Operating Cost HRK mil                   1,287 1,222 1,208 1,270 1,231    
Operating Profit HRK mil                   794 831 876 872 759    
Provisions HRK mil                   407 407 492 407 941    
Extra and Other Cost HRK mil                   0 0 0 0 0    
Pre-Tax Profit HRK mil                   387 424 384 465 -182    
Tax HRK mil                   82.0 85.0 89.0 101 -32.0    
Minorities HRK mil                   3.00 3.00 -14.0 3.00 6.00    
Net Profit HRK mil                   302 336 309 361 -156    
growth rates                                
Net Interest Income Growth % ...                 2.37 -8.50 -1.96 -1.75 -12.6    
Net Fee Income Growth % ...                 -6.35 -17.2 2.34 10.9 19.1    
Total Revenue Growth % ...                 -15.3 -1.35 1.51 2.78 -7.10    
Operating Cost Growth % ...                 -12.7 -5.05 -1.15 5.13 -3.07    
Operating Profit Growth % ...                 -19.1 4.66 5.42 -0.457 -13.0    
Pre-Tax Profit Growth % ...                 -27.0 9.56 -9.43 21.1 -139    
Net Profit Growth % ...                 -28.9 11.3 -8.04 16.8 -143    
market share                                
Market Share in Revenues %                   12.9 13.8 14.5 14.8 13.7    
Market Share in Net Profit %                   7.98 12.3 65.2 26.2 ...    
Market Share in Employees % ... ...               10.9 10.9 10.5 11.0 11.1    
Market Share in Branches % ... ...               5.77 5.82 5.73 5.86 5.96    
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                
Cash HRK mil                   5,139 4,571 3,845 3,797 4,614    
Interbank Loans HRK mil                   1,851 2,060 1,622 1,428 955    
Customer Loans HRK mil                   27,049 24,513 23,812 21,780 19,626    
Retail Loans HRK mil                   12,193 11,614 11,477 12,073 11,741    
Corporate Loans HRK mil                   15,506 14,015 13,943 11,573 9,992    
Debt Securities HRK mil                   4,682 5,067 4,493 6,634 7,602    
Fixed Assets HRK mil                   1,798 1,657 1,748 1,711 1,677    
Total Assets HRK mil                   41,184 38,468 36,152 35,887 35,058    
Shareholders' Equity HRK mil                   5,820 5,529 5,529 5,117 4,394    
Of Which Minority Interest HRK mil                   77.0 80.0 62.0 65.0 68.0    
Liabilities HRK mil                   35,364 32,939 30,623 30,770 30,664    
Interbank Borrowing HRK mil                   766 588 543 302 246    
Customer Deposits HRK mil                   23,245 22,840 21,672 23,527 23,640    
Retail Deposits HRK mil                   14,285 14,594 14,019 15,053 14,846    
Corporate Deposits HRK mil                   8,960 8,246 7,653 8,474 8,794    
Sight Deposits HRK mil ... ... ... ... ... ... ... ... ... ... ... ... ... 11,015    
Term Deposits HRK mil ... ... ... ... ... ... ... ... ... ... ... ... ... 12,625    
Issued Debt Securities HRK mil                   9,562 7,682 6,923 5,809 5,097    
Other Liabilities HRK mil                   1,791 1,829 1,485 1,132 1,681    
asset quality                                
Non-Performing Loans HRK mil ... ...               3,490 4,238 3,845 3,962 ...    
Gross Loans HRK mil                   28,677 26,488 26,143 24,413 22,449    
Total Provisions HRK mil                   1,628 1,975 2,331 2,633 2,823    
growth rates                                
Customer Loan Growth % ...                 1.86 -9.38 -2.86 -8.53 -9.89    
Retail Loan Growth % ...                 -0.066 -4.75 -1.18 5.19 -2.75    
Corporate Loan Growth % ...                 6.57 -9.62 -0.514 -17.0 -13.7    
Total Asset Growth % ...                 -4.24 -6.59 -6.02 -0.733 -2.31    
Shareholders' Equity Growth % ...                 -1.42 -5.00 0 -7.45 -14.1    
Customer Deposit Growth % ...                 3.70 -1.74 -5.11 8.56 0.480    
Retail Deposit Growth % ...                 6.15 2.16 -3.94 7.38 -1.38    
Corporate Deposit Growth % ...                 0.022 -7.97 -7.19 10.7 3.78    
market share                                
Market Share in Customer Loans %                   10.7 10.4 10.2 9.49 8.82    
Market Share in Corporate Loans %                   13.9 14.5 14.6 12.6 11.4    
Market Share in Consumer Loans %                   9.52 9.20 9.29 9.87 9.75    
Market Share in Total Assets %                   9.88 9.37 8.71 8.56 8.42    
Market Share in Customer Deposits %                   10.5 10.1 9.17 9.63 9.20    
Market Share in Retail Deposits %                   8.38 8.20 7.82 8.22 7.91    
Market Share in Corporate Deposits % ... ...               18.6 18.3 18.1 19.4 16.6    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                
ROE %                   5.15 5.92 5.59 6.78 -3.28    
ROA %                   0.717 0.844 0.828 1.00 -0.440    
Costs (As % Of Assets) %                   3.06 3.07 3.24 3.53 3.47    
Costs (As % Of Income) %                   61.8 59.5 58.0 59.3 61.9    
Capital Adequacy Ratio %                   16.7 17.1 17.7 18.9 19.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... 17.1 17.7 17.1 15.9    
Net Interest Margin %                   3.19 3.08 3.22 3.28 2.91    
Interest Spread % ...                 2.79 2.70 2.92 3.02 2.73    
Asset Yield %                   5.65 5.39 4.97 4.81 4.09    
Cost Of Liabilities % ...                 2.86 2.69 2.05 1.79 1.36    
Interest Income (As % Of Revenues) %                   64.4 59.8 57.7 55.2 51.9    
Fee Income (As % Of Revenues) %                   19.8 16.7 16.8 18.1 23.2    
Other Income (As % Of Revenues) %                   15.7 23.6 25.5 26.7 24.9    
Cost Per Employee USD per month ... ...               2,838 2,487 2,645 2,570 2,287    
Cost Per Employee (Local Currency) HRK per month ... ...               15,183 14,550 15,098 15,243 15,237    
Staff Cost (As % Of Total Cost) %                   33.9 33.6 34.1 33.5 34.4    
Equity (As % Of Assets) %                   14.1 14.4 15.3 14.3 12.5    
Loans (As % Of Deposits) %                   116 107 110 92.6 83.0    
Loans (As % Assets) %                   65.7 63.7 65.9 60.7 56.0    
NPLs (As % Of Loans) % ... ...               12.2 16.0 14.7 16.2 ...    
Provisions (As % Of NPLs) % ... ...               46.6 46.6 60.6 66.5 ...    
Provisions (As % Of Loans) %                   6.02 8.06 9.79 12.1 14.4    
Cost of Provisions (As % Of Loans) %                   1.52 1.58 2.04 1.79 4.55    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                
Branches ... ...               73.0 73.0 70.0 70.0 70.0    
Employees ... ...               2,393 2,354 2,274 2,329 2,319    
Clients mil ... ... ... ... ... ... ... ... ... ... 0.479 0.476 ... ... ... ...
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... 46.6    
Risk-Weighted Assets HRK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...    

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Raiffeisen Croatia's total revenues fell 9.12% to HRK 1,874 mil in 2017

By Helgi Analytics - July 16, 2018

Raiffeisenbank Croatia generated total banking revenues of HRK 1,874 mil in 2017, down 9.12% 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 last...

Raiffeisen Croatia's net interest margin fell 6.42% to 2.63% in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia's net interest margin amounted to 2.63% in 2017, down from 2.81% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.28% in 2014 and an all time low of 2.14% in 2004. The avera...

Raiffeisen Croatia's employees fell 2.08% to 2,261 in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia employed 2,261 persons in 2017, down 2.08% when compared to the previous year. Historically, the bank's workforce hit an all time high of 2,589 persons in 2008 and an all time low of 1,564 in 2004. Average cost reached USD 2,359 per month p...

Raiffeisen Croatia's customer loans fell 4.10% to HRK 17,745 mil in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia's customer loans reached HRK 17,745 mil in 2017, down 4.10% compared to the previous year. Croatian banking sector provided customer loans of HRK 213 bil in 2017, down 0.828% when compared to the last year. Raiffeisenbank Croatia ac...

Raiffeisen Croatia's customer deposits fell 1.51% to HRK 23,780 mil in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia's customer deposits reached HRK 23,780 mil in 2017, down 1.51% 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. Raiffeisenbank Croatia...

Raiffeisen Croatia's retail deposits fell 0.154% to HRK 14,231 mil in 2017

By Helgi Analytics - July 16, 2018

Raiffeisenbank Croatia's retail deposits reached HRK 14,231 mil in 2017, down 0.154% 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. Raiffeisenbank Croatia a...

Raiffeisen Croatia's corporate loans fell 15.1% to HRK 8,269 mil in 2017

By Helgi Analytics - December 12, 2019

Raiffeisenbank Croatia's corporate loans reached HRK 8,269 mil in 2017, down 15.1% compared to the previous year. Croatian banking sector provided corporate loans of HRK 70.6 bil in 2017, up 2.98% when compared to the last year. Raiffeisenbank Croatia acc...

Raiffeisen Croatia's corporate deposits fell 3.46% to HRK 9,549 mil in 2017

By Helgi Analytics - July 16, 2018

Raiffeisenbank Croatia's corporate deposits reached HRK 9,549 mil in 2017, down 3.46% 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. Raiffeisenbank Croat...

Raiffeisen Croatia's costs (as % of assets) fell 34.6% to 3.49% in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia's cost to income ratio reached 64.7% in 2017, down from 91.0% compared to the previous year. Historically, the bank’s costs reached an all time high of 91.0% of income in 2016 and an all time low of 54.9% in 2006. When compared to to...

Raiffeisen Croatia's net interest income fell 7.59% to HRK 913 mil in 2017

By Helgi Analytics - July 4, 2018

Raiffeisenbank Croatia generated total banking revenues of HRK 1,874 mil in 2017, down 9.12% 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 2,457 mil in ...

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Raiffeisenbank Austria Zagreb (or Raiffeisenbank Croatia) is the fifth largest bank in Croatia with a 9% market share by assets. From a greenfield start-up back in 1994 as the first foreign bank in the country, the bank has grown into a significant player serving more than 475,000 clients through 76 branches. 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. 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

Raiffeisenbank Croatia has been growing its revenues and asset by 0.243% and -1.79% a year on average in the last 10 years. Its loans and deposits have grown by -2.96% and 0.137% a year during that time and loans to deposits ratio reached 74.6% at the end of 2017. The company achieved an average return on equity of 5.96% in the last decade with net profit growing -9.10% a year on average. In terms of operating efficiency, its cost to income ratio reached 64.7% in 2017, compared to 63.7% average in the last decade.

Equity represented 13.7% of total assets or 26.4% of loans at the end of 2017. Raiffeisenbank Croatia's non-performing loans were 13.1% of total loans while provisions covered some 77.8% of NPLs at the end of 2017.