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Raiffeisenbank Czech Republic

Raiffeisen CR's capital adequacy ratio rose 31.8% yoy to 26.3% in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's capital adequacy ratio reached 26.3% at the end of second quarter of 2021, up from 22.7% when com...

Raiffeisen CR's net interest margin fell 25.2% yoy to 1.37% in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's net interest margin amounted to 1.37% in the second quarter of 2021, down from 1.50% when compar...

Raiffeisen CR's customer deposits rose 15.1% yoy to CZK 334,673 mil in 4Q2020

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's customer deposits reached CZK 334,673 mil in 2020-12-31, up 3.26% compared to the previous year. ...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 7,666 9,047 7,849
Net Fee Income CZK mil 1,980 3,321 3,114
Other Income CZK mil 2,226 -494 -1,873
Total Revenues CZK mil 11,872 11,874 9,090
Staff Cost CZK mil 3,252 3,570 3,399
Operating Profit CZK mil 5,551 4,666 2,209
Provisions CZK mil 880 333 1,544
Net Profit CZK mil 3,815 4,731 2,224
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 99,529 87,242 107,619
Customer Loans CZK mil 236,604 246,644 249,083
Investments CZK mil 10,785 4,777 43,237
Total Assets CZK mil 366,158 370,715 411,056
Shareholders' Equity CZK mil 29,900 32,703 35,351
Interbank Borrowing CZK mil 34,402 21,961 12,201
Customer Deposits CZK mil 270,921 290,691 334,673
Issued Debt Securities CZK mil 22,177 16,001 17,312
Ratios 2018 2019 2020
ROE % 13.2 15.1 6.54
ROA % 1.08 1.28 0.569
Costs (As % Of Assets) % 1.78 1.96 1.76
Costs (As % Of Income) % 53.2 60.7 75.7
Capital Adequacy Ratio % 16.9 18.7 22.8
Net Interest Margin % 2.16 2.46 2.01
Loans (As % Of Deposits) % 87.3 84.8 74.4
NPLs (As % Of Loans) % 1.91 1.97 2.30
Provisions (As % Of NPLs) % 96.9 75.9 80.6
Growth Rates 2018 2019 2020
Total Revenue Growth % 4.71 0.020 -23.4
Operating Cost Growth % -2.42 14.0 -4.54
Operating Profit Growth % 14.2 -15.9 -52.7
Net Profit Growth % 23.7 24.0 -53.0
Customer Loan Growth % 8.04 4.24 0.989
Total Asset Growth % 6.85 1.24 10.9
Customer Deposit Growth % 7.62 7.30 15.1
Shareholders' Equity Growth % 7.15 9.37 8.10
Employees 2,972 2,966 2,699

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Net Interest Income CZK mil                     6,090 6,104 6,286 6,564 7,666    
Total Revenues CZK mil                     9,202 9,294 10,283 11,338 11,872    
Operating Profit CZK mil                     3,574 4,270 4,170 4,860 5,551    
Net Profit CZK mil                     2,027 2,690 2,604 3,084 3,815    
balance sheet                                  
Interbank Loans CZK mil                     23,188 4,048 5,664 103,588 99,529    
Customer Loans CZK mil                     167,872 182,790 207,686 218,987 236,604    
Investments CZK mil                     24,060 16,701 7,806 1,067 10,785    
Total Assets CZK mil                     231,469 246,325 318,278 342,699 366,158    
                                     
Shareholders' Equity CZK mil                     23,721 25,373 25,083 27,905 29,900    
Interbank Borrowing CZK mil                     14,390 12,607 29,489 31,372 34,402    
Customer Deposits CZK mil                     165,144 183,794 227,463 251,732 270,921    
Issued Debt Securities CZK mil                     23,821 21,460 27,586 22,186 22,177    
ratios                                  
ROE % ...                   9.43 11.0 10.3 11.6 13.2    
ROA % ...                   0.946 1.13 0.923 0.933 1.08    
Costs (As % Of Assets) % ...                   2.63 2.10 2.17 1.96 1.78    
Costs (As % Of Income) %                     61.2 54.1 59.4 57.1 53.2    
Capital Adequacy Ratio %                     16.1 17.8 17.5 17.7 16.9    
Net Interest Margin % ...                   2.84 2.56 2.23 1.99 2.16    
Interest Income (As % Of Revenues) %                     66.2 65.7 61.1 57.9 64.6    
Fee Income (As % Of Revenues) %                     21.7 19.7 16.5 17.7 16.7    
Staff Cost (As % Of Total Cost) %                     48.0 50.0 51.8 50.9 51.4    
Equity (As % Of Assets) %                     10.2 10.3 7.88 8.14 8.17    
Loans (As % Of Deposits) %                     102 99.5 91.3 87.0 87.3    
Loans (As % Assets) %                     72.5 74.2 65.3 63.9 64.6    
NPLs (As % Of Loans) %                     5.98 4.68 3.60 2.46 1.91    
Provisions (As % Of NPLs) %                     63.9 69.6 79.4 91.7 96.9    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Interest Income CZK mil                     7,094 7,109 7,516 9,417 12,121    
Interest Cost CZK mil                     1,004 1,004 1,230 2,853 4,456    
Net Interest Income CZK mil                     6,090 6,104 6,286 6,564 7,666    
Net Fee Income CZK mil                     1,998 1,835 1,695 2,004 1,980    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                     1,115 1,355 2,302 2,770 2,226    
Total Revenues CZK mil                     9,202 9,294 10,283 11,338 11,872    
Staff Cost CZK mil                     2,699 2,512 3,166 3,299 3,252    
Depreciation CZK mil                     611 591 611 760 842    
Other Cost CZK mil                     2,319 1,922 2,336 2,418 2,227    
Operating Cost CZK mil                     5,629 5,025 6,113 6,478 6,321    
Operating Profit CZK mil                     3,574 4,270 4,170 4,860 5,551    
Provisions CZK mil                     1,070 1,065 883 399 880    
Extra and Other Cost CZK mil                     -42.1 50.1 0 -7.56 -13.6    
Pre-Tax Profit CZK mil                     2,546 3,155 3,287 4,469 4,684    
Tax CZK mil                     519 616 682 1,211 869    
Minorities CZK mil                     0 0 0 0 0    
Net Profit CZK mil                     2,027 2,690 2,604 3,084 3,815    
Net Profit Avail. to Common CZK mil                     2,027 2,690 2,604 3,084 3,815    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
growth rates                                  
Net Interest Income Growth % ...                   6.75 0.239 2.98 4.42 16.8    
Net Fee Income Growth % ...                   -9.30 -8.16 -7.64 18.2 -1.19    
Total Revenue Growth % ...                   -1.76 1.00 10.6 10.3 4.71    
Operating Cost Growth % ...                   -19.7 -10.7 21.7 5.97 -2.42    
Operating Profit Growth % ...                   51.7 19.5 -2.34 16.6 14.2    
Pre-Tax Profit Growth % ...                   126 23.9 4.18 36.0 4.81    
Net Profit Growth % ...                   106 32.7 -3.17 18.4 23.7    
market share                                  
Market Share in Revenues %                     5.48 5.34 5.71 6.33 6.24 ... ...
Market Share in Net Profit %                     3.21 4.05 3.54 4.09 4.68 ... ...
Market Share in Employees %                     6.49 6.45 7.39 6.92 7.10 ... ...
Market Share in Branches %                     5.37 5.64 6.65 6.38 6.55 ... ...
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                  
Cash & Cash Equivalents CZK mil                     10,646 38,634 92,080 10,363 12,106    
Interbank Loans CZK mil                     23,188 4,048 5,664 103,588 99,529    
Customer Loans CZK mil                     167,872 182,790 207,686 218,987 236,604    
Retail Loans CZK mil                     76,617 83,755 98,006 107,641 114,994    
Mortgage Loans CZK mil                     64,802 71,235 80,048 86,789 93,528    
Consumer Loans CZK mil                     11,815 12,520 17,958 20,852 21,466    
Corporate Loans CZK mil                     90,862 98,592 114,697 108,194 115,847    
Investments CZK mil                     24,060 16,701 7,806 1,067 10,785    
Property and Equipment CZK mil                     1,172 1,796 2,173 4,270 4,779    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                     231,469 246,325 318,278 342,699 366,158    
                                     
Shareholders' Equity CZK mil                     23,721 25,373 25,083 27,905 29,900    
Of Which Minority Interest CZK mil                     0 0 0 0 0    
Liabilities CZK mil                     207,748 220,952 293,195 314,794 336,258    
Interbank Borrowing CZK mil                     14,390 12,607 29,489 31,372 34,402    
Customer Deposits CZK mil                     165,144 183,794 227,463 251,732 270,921    
Retail Deposits CZK mil                     78,241 86,285 114,697 140,422 154,539    
Corporate Deposits CZK mil                     64,944 73,154 110,607 96,895 99,549    
Sight Deposits CZK mil                     155,792 160,389 200,333 227,863 242,944   ...
Term Deposits CZK mil                     9,352 23,405 27,130 23,869 27,977   ...
Issued Debt Securities CZK mil                     23,821 21,460 27,586 22,186 22,177    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Liabilities CZK mil                     4,393 3,090 8,657 9,504 8,760    
asset quality                                  
Non-Performing Loans CZK mil                     10,443 8,835 7,694 5,510 4,594    
Gross Loans CZK mil                     174,542 188,943 213,795 224,039 241,056    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... 108,319 111,400 139,428    
Total Provisions CZK mil                     6,670 6,152 6,109 5,052 4,451    
growth rates                                  
Customer Loan Growth % ...                   13.2 8.89 13.6 5.44 8.04    
Retail Loan Growth % ...                   5.80 9.32 17.0 9.83 6.83    
Mortgage Loan Growth % ...                   4.87 9.93 12.4 8.42 7.77    
Consumer Loan Growth % ...                   11.3 5.97 43.4 16.1 2.94    
Corporate Loan Growth % ...                   18.4 8.51 16.3 -5.67 7.07    
Total Asset Growth % ...                   17.5 6.42 29.2 7.67 6.85    
Shareholders' Equity Growth % ...                   23.1 6.96 -1.14 11.3 7.15    
Customer Deposit Growth % ...                   12.7 11.3 23.8 10.7 7.62    
Retail Deposit Growth % ...                   29.7 10.3 32.9 22.4 10.1    
Corporate Deposit Growth % ...                   -3.09 12.6 51.2 -12.4 2.74    
market share                                  
Market Share in Customer Loans %                     6.37 6.57 7.04 7.10 7.16    
Market Share in Corporate Loans %                     10.4 10.7 11.8 10.6 10.7    
Market Share in Retail Loans %                     3.58 3.56 4.90 5.46 5.37    
Market Share in Consumer Loans %                     6.23 6.33 6.90 7.04 6.99    
Market Share in Mortgage Loans %                     7.20 7.33 7.60 7.56 7.51    
Market Share in Total Assets %                     4.30 4.44 5.29 4.85 4.99    
Market Share in Customer Deposits %                     4.81 5.22 6.04 6.04 6.09    
Market Share in Retail Deposits %                     4.07 4.24 5.19 5.92 6.04    
Market Share in Corporate Deposits %                     7.75 7.94 12.1 9.72 9.56    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
ROE % ...                   9.43 11.0 10.3 11.6 13.2    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... 18.7 20.3    
ROA % ...                   0.946 1.13 0.923 0.933 1.08    
Return on Loans % ...                   1.28 1.53 1.33 1.45 1.67    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... 4.42 4.43    
Costs (As % Of Assets) % ...                   2.63 2.10 2.17 1.96 1.78    
Costs (As % Of Income) %                     61.2 54.1 59.4 57.1 53.2    
Costs (As % Of Loans) % ...                   3.56 2.87 3.13 3.04 2.77    
Costs (As % Of Loans & Deposits) % ...                   1.79 1.44 1.52 1.43 1.29    
Capital Adequacy Ratio %                     16.1 17.8 17.5 17.7 16.9    
Tier 1 Ratio %     ... ... ... ... ... ...     13.3 15.4 15.4 16.1 14.9    
Net Interest Margin % ...                   2.84 2.56 2.23 1.99 2.16    
Interest Spread % ...                   2.79 2.51 2.18 1.91 2.05    
Asset Yield % ...                   3.31 2.98 2.66 2.85 3.42    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... 10.3 9.47    
Cost Of Liabilities % ...                   0.521 0.469 0.478 0.939 1.37    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Interest Income (As % Of Revenues) %                     66.2 65.7 61.1 57.9 64.6    
Fee Income (As % Of Revenues) %                     21.7 19.7 16.5 17.7 16.7    
Other Income (As % Of Revenues) %                     12.1 14.6 22.4 24.4 18.8    
Staff Cost (As % Of Total Cost) %                     48.0 50.0 51.8 50.9 51.4    
Equity (As % Of Assets) %                     10.2 10.3 7.88 8.14 8.17    
Equity (As % Of Loans) %                     14.1 13.9 12.1 12.7 12.6    
Loans (As % Of Deposits) %                     102 99.5 91.3 87.0 87.3    
Loans (As % Assets) %                     72.5 74.2 65.3 63.9 64.6    
NPLs (As % Of Loans) %                     5.98 4.68 3.60 2.46 1.91    
Provisions (As % Of NPLs) %                     63.9 69.6 79.4 91.7 96.9    
Provisions (As % Of Loans) %                     3.97 3.37 2.94 2.31 1.88    
Cost of Provisions (As % Of Loans) % ...                   0.677 0.607 0.452 0.187 0.386    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Branches                     119 122 136 124 128    
ATMs ... ... ... ... ... ... ... ... ... ... ... 2.00 18.0 53.0 88.0   ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... 1.64 13.2 42.7 68.8   ...
Employees                     2,618 2,656 3,030 2,900 2,972    
Employees Per Bank Branch                     22.0 21.8 22.3 23.4 23.2    
Cost Per Employee USD per month                     4,020 3,302 3,451 4,040 4,168    
Cost Per Employee (Local Currency) CZK per month                     85,917 78,825 87,075 94,794 91,186    
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... 0.600 0.650   ...
Number of Mortgages mil ... ... ... ... ... ... ... ... ...   0.051 0.056 0.059 0.062 0.064    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ...   1,266,000 1,282,000 1,352,000 1,393,000 1,451,000    
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... 10.4 9.92   ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 18,897 18,264   ...
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 5,139 5,869   ...
Loan per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 364,979 364,007   ...
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 419,553 416,801   ...
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 805 835   ...
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 219 268   ...
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 17,142 16,203   ...
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 19,706 18,553   ...

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Raiffeisen CR's net profit rose 106% yoy to CZK 1,088 mil in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic made a net profit of CZK 1,088 mil in the second quarter of 2021, up 106% when compared to the same period of last year. This implies a return on equity of 11.2%. Historically, the bank’s net profit reached an all time high of CZK 1,...

Raiffeisen CR's net profit rose 106% yoy to CZK 1,088 mil in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic made a net profit of CZK 1,088 mil under revenues of CZK 2,641 mil in the second quarter of 2021, up 106% and 11.2% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high...

Raiffeisen CR's npls (as % of loans) fell 14.0% yoy to 1.73% in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's non-performing loans reached 1.73% of total loans at the end of 2021-06-30, down from 2.02% compared to the previous year. Historically, the NPL ratio hit an all time high of 7.29% in 2010-09-30 and an all time low of 1.48% in 2019...

Raiffeisen CR's customer loans rose 13.2% yoy to CZK 243,723 mil in 4Q2020

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's customer loans reached CZK 243,723 mil in 2020-12-31, up 11.4% compared to the previous year. Czech banking sector provided customer loans of CZK 3,596 bil in 2020-12-31, down 0.651% when compared to the last year. Raiffeis...

Raiffeisen CR's corporate deposits rose 23.3% yoy to CZK 125,534 mil in 4Q2020

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's corporate deposits reached CZK 125,534 mil in 2020-12-31, up 10.3% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,218 bil in 2020-12-31, up 2.47% when compared to the last year. Rai...

Raiffeisen CR's retail deposits rose 15.1% yoy to CZK 192,249 mil in 4Q2020

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's retail deposits reached CZK 192,249 mil in 2020-12-31, up 4.30% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,057 bil in 2020-12-31, up 3.25% when compared to the last year. Raiffeise...

Raiffeisen CR's retail loans fell 0.895% yoy to CZK 118,241 mil in 4Q2020

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's retail loans reached CZK 118,241 mil in the fourth quarter of 2020, down 2.17% compared to the previous year. Czech banking sector provided retail loans of CZK 1,859 bil in 4Q2020, up 1.85% when compared to the last year. R...

Raiffeisen CR's corporate loans remain unchanged yoy at CZK mil in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's loans reached CZK 252,174 mil in the second quarter of 2020, down from CZK 253,002 mil when compared to the previous quarter and up from CZK 242,978 mil when compared to the same period of last year. Historically, the b...

Raiffeisen CR's costs (as % of assets) fell 16.4% yoy to 1.21% in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic's cost to income ratio reached 54.9% in the second quarter of 2021, down from 73.8% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 73.8% of income in 1Q2021 and an all time low of ...

Raiffeisen CR's employees fell 4.09% yoy to 2,929 in 2Q2021

By Helgi Analytics - September 25, 2021

Raiffeisenbank Czech Republic employed 2,929 persons in 2021-06-30, up 4.61% when compared to the previous year. Historically, the bank's workforce hit an all time high of 3,110 persons in 2016-09-30 and an all time low of 2,302 in 2007-12-31. Average cost reached...

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Raiffeisenbank Czech Republic is the medium-sized bank with a 5-8% market share in the key retail product . From a greenfield start-up back in 1993, the bank acquired a purely Internet bank, e-banka, in 2006. Originally a corporate-oriented bank, Raiffeisen has been focusing increasingly on the retail area. In 2019, the Bank operated a network of more than 130 branches and employed more than 3,000 people in the Czech Republic.

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Finance

Raiffeisenbank Czech Republic has been growing its revenues and asset by -0.482% and 8.24% a year on average in the last 10 years. Its loans and deposits have grown by 5.37% and 10.3% a year during that time and loans to deposits ratio reached 74.4% at the end of 2020. The company achieved an average return on equity of 10.9% in the last decade with net profit growing 2.01% a year on average. In terms of operating efficiency, its cost to income ratio reached 75.7% in 2020, compared to 60.5% average in the last decade.

Equity represented 8.60% of total assets or 14.2% of loans at the end of 2020. Raiffeisenbank Czech Republic's non-performing loans were 2.30% of total loans while provisions covered some 80.6% of NPLs at the end of 2020.