Raiffeisenbank Czech Republic

Raiffeisen CR's net profit rose 88.7% yoy to CZK 1,911 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic made a net profit of CZK 1,911 mil in the second quarter of 2019, up 88.7% when compared to the sam...

Raiffeisen CR's mortgage loans rose 5.08% yoy to CZK 94,740 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's mortgage loans reached CZK 94,740 mil in 2019-06-30, up 0.428% compared to the previous year. C...

Raiffeisen CR's npls (as % of loans) fell 19.0% yoy to 1.95% in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's non-performing loans reached 1.95% of total loans at the end of 2019-06-30, down from 2.40% compa...

Profit Statement 2016 2017 2018
Net Interest Income CZK mil 6,286 6,564 7,666
Fee Income (As % Of Revenues) % 16.5 17.7 16.7
Other Income CZK mil 2,302 2,770 2,226
Total Revenues CZK mil 10,283 11,338 11,872
Staff Cost CZK mil 3,166 3,299 3,252
Operating Profit CZK mil 4,170 4,860 5,551
Provisions CZK mil 883 399 880
Net Profit CZK mil 2,604 3,084 3,815
Balance Sheet 2016 2017 2018
Interbank Loans CZK mil 5,664 103,588 99,529
Customer Loans CZK mil 207,686 218,987 236,604
Debt Securities CZK mil 7,806 1,067 10,785
Total Assets CZK mil 318,278 342,699 366,158
Shareholders' Equity CZK mil 25,083 27,905 29,900
Interbank Borrowing CZK mil 29,489 31,372 34,402
Customer Deposits CZK mil 227,463 251,732 270,921
Issued Debt Securities CZK mil 27,586 22,186 22,177
Ratios 2016 2017 2018
ROE % 10.3 11.6 13.2
ROA % 0.923 0.933 1.08
Costs (As % Of Assets) % 2.17 1.96 1.78
Costs (As % Of Income) % 59.4 57.1 53.2
Capital Adequacy Ratio % 17.5 17.7 16.9
Net Interest Margin % 2.23 1.99 2.16
Loans (As % Of Deposits) % 91.3 87.0 87.3
NPLs (As % Of Loans) % 3.60 2.46 1.91
Provisions (As % Of NPLs) % 79.4 91.7 96.9
Growth Rates 2016 2017 2018
Total Revenue Growth % 10.6 10.3 4.71
Operating Cost Growth % 21.7 5.97 -2.42
Operating Profit Growth % -2.34 16.6 14.2
Net Profit Growth % -3.17 18.4 23.7
Customer Loan Growth % 13.6 5.44 8.04
Total Asset Growth % 29.2 7.67 6.85
Customer Deposit Growth % 23.8 10.7 7.62
Shareholders' Equity Growth % -1.14 11.3 7.15
Employees 3,030 2,900 2,972

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                              
Net Interest Income CZK mil                 6,247 5,705 6,090 6,104 6,286    
Total Revenues CZK mil                 9,930 9,367 9,202 9,294 10,283    
Operating Profit CZK mil                 4,288 2,356 3,574 4,270 4,170    
Net Profit CZK mil                 2,020 982 2,027 2,690 2,604    
balance sheet                              
Interbank Loans CZK mil                 14,452 19,338 23,188 4,048 5,664    
Customer Loans CZK mil                 143,480 148,242 167,872 182,790 207,686    
Debt Securities CZK mil                 28,570 20,746 24,060 16,701 7,806    
Total Assets CZK mil                 197,558 197,019 231,469 246,325 318,278    
Shareholders' Equity CZK mil                 18,456 19,277 23,721 25,373 25,083    
Interbank Borrowing CZK mil                 6,819 9,959 14,390 12,607 29,489    
Customer Deposits CZK mil                 143,758 146,491 165,144 183,794 227,463    
Issued Debt Securities CZK mil                 17,983 18,411 23,821 21,460 27,586    
ratios                              
ROE %                 11.7 5.21 9.43 11.0 10.3    
ROA %                 1.01 0.498 0.946 1.13 0.923    
Costs (As % Of Assets) %                 2.81 3.55 2.63 2.10 2.17    
Costs (As % Of Income) %                 56.8 74.9 61.2 54.1 59.4    
Capital Adequacy Ratio %                 13.7 13.2 16.1 17.8 17.5    
Net Interest Margin %                 3.12 2.89 2.84 2.56 2.23    
Interest Income (As % Of Revenues) %                 62.9 60.9 66.2 65.7 61.1    
Fee Income (As % Of Revenues) %                 22.0 23.5 21.7 19.7 16.5    
Staff Cost (As % Of Total Cost) %                 51.7 40.8 48.0 50.0 51.8    
Equity (As % Of Assets) %                 9.34 9.78 10.2 10.3 7.88    
Loans (As % Of Deposits) %                 99.8 101 102 99.5 91.3    
Loans (As % Assets) %                 72.6 75.2 72.5 74.2 65.3    
NPLs (As % Of Loans) %                 11.6 6.74 5.98 4.68 3.60    
Provisions (As % Of NPLs) %                 36.7 62.8 63.9 69.6 79.4    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                              
Interest Income CZK mil                 8,467 7,202 7,094 7,109 7,516    
Interest Cost CZK mil                 2,221 1,497 1,004 1,004 1,230    
Net Interest Income CZK mil                 6,247 5,705 6,090 6,104 6,286    
Net Fee Income CZK mil                 2,187 2,203 1,998 1,835 1,695    
Other Income CZK mil                 1,496 1,459 1,115 1,355 2,302    
Total Revenues CZK mil                 9,930 9,367 9,202 9,294 10,283    
Staff Cost CZK mil                 2,915 2,861 2,699 2,512 3,166    
Depreciation CZK mil                 565 568 611 591 611    
Other Cost CZK mil                 2,162 3,582 2,319 1,922 2,336    
Operating Cost CZK mil                 5,642 7,011 5,629 5,025 6,113    
Operating Profit CZK mil                 4,288 2,356 3,574 4,270 4,170    
Provisions CZK mil                 1,798 1,275 1,070 1,065 883    
Extra and Other Cost CZK mil                 -35.9 -44.1 -42.1 50.1 0    
Pre-Tax Profit CZK mil                 2,526 1,125 2,546 3,155 3,287    
Tax CZK mil                 505 143 519 616 682    
Minorities CZK mil ... ... ... ... ... ... ... ... -7.06 -34.3 -13.0 125 0    
Net Profit CZK mil                 2,020 982 2,027 2,690 2,604    
growth rates                              
Net Interest Income Growth % ...               -8.18 -8.67 6.75 0.239 2.98    
Net Fee Income Growth % ...               -0.978 0.697 -9.30 -8.16 -7.64    
Total Revenue Growth % ...               -2.20 -5.67 -1.76 1.00 10.6    
Operating Cost Growth % ...               7.07 24.3 -19.7 -10.7 21.7    
Operating Profit Growth % ...               -12.2 -45.1 51.7 19.5 -2.34    
Pre-Tax Profit Growth % ...               -11.4 -55.5 126 23.9 4.18    
Net Profit Growth % ...               -8.97 -51.4 106 32.7 -3.17    
market share                              
Market Share in Revenues %                 5.94 5.57 5.48 5.34 5.71    
Market Share in Net Profit %                 3.14 1.61 3.21 4.05 3.54    
Market Share in Employees %                 7.20 7.13 6.49 6.45 7.39    
Market Share in Branches %                 5.95 5.52 5.37 5.64 6.65    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                              
Cash CZK mil                 4,965 3,836 10,646 38,634 92,080    
Interbank Loans CZK mil                 14,452 19,338 23,188 4,048 5,664    
Customer Loans CZK mil                 143,480 148,242 167,872 182,790 207,686    
Retail Loans CZK mil                 70,244 72,413 76,617 83,755 98,006    
Mortgage Loans CZK mil                 62,395 61,793 64,802 71,235 80,048    
Consumer Loans CZK mil                 7,849 10,620 11,815 12,520 17,958    
Corporate Loans CZK mil                 74,751 76,748 90,862 98,592 114,697    
Debt Securities CZK mil                 28,570 20,746 24,060 16,701 7,806    
Fixed Assets CZK mil                 1,150 1,016 1,172 1,796 2,173    
Total Assets CZK mil                 197,558 197,019 231,469 246,325 318,278    
Shareholders' Equity CZK mil                 18,456 19,277 23,721 25,373 25,083    
Of Which Minority Interest CZK mil ... ... ... ... ... ... ... ... 140 118 546 524 0    
Liabilities CZK mil                 179,103 177,742 207,748 220,952 293,195    
Interbank Borrowing CZK mil                 6,819 9,959 14,390 12,607 29,489    
Customer Deposits CZK mil                 143,758 146,491 165,144 183,794 227,463    
Retail Deposits CZK mil                 64,070 60,321 78,241 86,285 114,697    
Corporate Deposits CZK mil                 59,659 67,016 64,944 73,154 110,607    
Sight Deposits CZK mil                 115,749 125,958 155,792 160,389 200,333    
Term Deposits CZK mil                 28,009 20,533 9,352 23,405 27,130    
Issued Debt Securities CZK mil                 17,983 18,411 23,821 21,460 27,586    
Other Liabilities CZK mil                 10,543 2,881 4,393 3,090 8,657    
asset quality                              
Non-Performing Loans CZK mil                 17,382 10,427 10,443 8,835 7,694    
Gross Loans CZK mil                 149,862 154,788 174,542 188,943 213,795    
Total Provisions CZK mil                 6,382 6,547 6,670 6,152 6,109    
growth rates                              
Customer Loan Growth % ...               -5.42 3.32 13.2 8.89 13.6    
Retail Loan Growth % ...               -6.57 3.09 5.80 9.32 17.0    
Mortgage Loan Growth % ...               11.3 -0.965 4.87 9.93 12.4    
Consumer Loan Growth % ...               -59.0 35.3 11.3 5.97 43.4    
Corporate Loan Growth % ...               -4.89 2.67 18.4 8.51 16.3    
Total Asset Growth % ...               -2.88 -0.273 17.5 6.42 29.2    
Shareholders' Equity Growth % ...               14.0 4.45 23.1 6.96 -1.14    
Customer Deposit Growth % ...               -0.137 1.90 12.7 11.3 23.8    
Retail Deposit Growth % ...               -5.85 -5.85 29.7 10.3 32.9    
Corporate Deposit Growth % ...               5.92 12.3 -3.09 12.6 51.2    
market share                              
Market Share in Customer Loans %                 6.08 5.90 6.37 6.57 7.04    
Market Share in Corporate Loans %                 8.95 8.85 10.4 10.7 11.8    
Market Share in Retail Loans %                 2.42 3.21 3.58 3.56 4.90    
Market Share in Consumer Loans %                 6.19 6.12 6.23 6.33 6.90    
Market Share in Mortgage Loans %                 7.70 7.25 7.20 7.33 7.60    
Market Share in Total Assets %                 4.26 3.79 4.30 4.44 5.29    
Market Share in Customer Deposits %                 4.60 4.39 4.81 5.22 6.04    
Market Share in Retail Deposits %                 3.62 3.33 4.07 4.24 5.19    
Market Share in Corporate Deposits %                 8.33 8.63 7.75 7.94 12.1    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                              
ROE %                 11.7 5.21 9.43 11.0 10.3    
ROA %                 1.01 0.498 0.946 1.13 0.923    
Costs (As % Of Assets) %                 2.81 3.55 2.63 2.10 2.17    
Costs (As % Of Income) %                 56.8 74.9 61.2 54.1 59.4    
Capital Adequacy Ratio %                 13.7 13.2 16.1 17.8 17.5    
Tier 1 Ratio %     ... ... ... ... ... ... 10.0 10.9 13.3 15.4 15.4    
Net Interest Margin %                 3.12 2.89 2.84 2.56 2.23    
Interest Spread % ...               3.01 2.81 2.79 2.51 2.18    
Asset Yield %                 4.22 3.65 3.31 2.98 2.66    
Cost Of Liabilities % ...               1.21 0.839 0.521 0.469 0.478    
Interest Income (As % Of Revenues) %                 62.9 60.9 66.2 65.7 61.1    
Fee Income (As % Of Revenues) %                 22.0 23.5 21.7 19.7 16.5    
Other Income (As % Of Revenues) %                 15.1 15.6 12.1 14.6 22.4    
Cost Per Employee USD per month                 4,279 4,246 4,020 3,302 3,451    
Cost Per Employee (Local Currency) CZK per month                 83,697 83,068 85,917 78,825 87,075    
Staff Cost (As % Of Total Cost) %                 51.7 40.8 48.0 50.0 51.8    
Equity (As % Of Assets) %                 9.34 9.78 10.2 10.3 7.88    
Loans (As % Of Deposits) %                 99.8 101 102 99.5 91.3    
Loans (As % Assets) %                 72.6 75.2 72.5 74.2 65.3    
NPLs (As % Of Loans) %                 11.6 6.74 5.98 4.68 3.60    
Provisions (As % Of NPLs) %                 36.7 62.8 63.9 69.6 79.4    
Provisions (As % Of Loans) %                 4.45 4.42 3.97 3.37 2.94    
Cost of Provisions (As % Of Loans) %                 1.22 0.874 0.677 0.607 0.452    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                              
Branches                 125 123 119 122 136    
Employees                 2,902 2,870 2,618 2,656 3,030    
ATMs ... ... ... ... ... ... ... ... ... ... ... 2.00 18.0    
Sight (As % Of Customer Deposits) %                 80.5 86.0 94.3 87.3 88.1    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... 112,072 102,492 108,319    

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Raiffeisen CR's total revenues rose 13.0% yoy to CZK 2,944 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic generated total banking revenues of CZK 2,944 mil in 2019-06-30, up 3.26% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 52,687 mil in 2019-06-30, up 11.9% when compared...

Raiffeisen CR's customer deposits rose 5.38% yoy to CZK 302,017 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's customer deposits reached CZK 302,017 mil in 2019-06-30, up 2.53% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,953 bil in 2019-06-30, up 3.71% when compared to the last year. Raiff...

Raiffeisen CR's customer loans rose 5.93% yoy to CZK 210,173 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's customer loans reached CZK 210,173 mil in 2019-06-30, up 0.254% compared to the previous year. Czech banking sector provided customer loans of CZK 3,398 bil in 2019-06-30, up 1.23% when compared to the last year. Raiffeisen...

Raiffeisen CR's retail loans rose 6.99% yoy to CZK 116,240 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's retail loans reached CZK 116,240 mil in the second quarter of 2019, up 0.784% compared to the previous year. Czech banking sector provided retail loans of CZK 1,691 bil in 2Q2019, up 1.70% when compared to the last year. Ra...

Raiffeisen CR's capital adequacy ratio rose 4.94% yoy to 17.2% in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's capital adequacy ratio reached 17.2% at the end of second quarter of 2019, up from 16.4% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 18.0% in 2Q2017 and an all time low of 13....

Raiffeisen CR's consumer loans rose 16.3% yoy to CZK 21,500 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's consumer loans reached CZK 21,500 mil in 2019-06-30, up 2.38% compared to the previous year. Czech banking sector provided consumer loans of CZK 409 bil in 2019-06-30, up 1.70% when compared to the last year. Raiffeisenbank...

Raiffeisen CR's costs (as % of assets) rose 4.65% yoy to 1.60% in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's cost to income ratio reached 49.3% in the second quarter of 2019, down from 62.2% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 64.3% of income in 1Q2018 and an all time low of ...

Raiffeisen CR's net interest margin rose 17.0% yoy to 2.35% in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic's net interest margin amounted to 2.35% in the second quarter of 2019, down from 2.35% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.01% in 3Q2008 and an all ti...

Raiffeisen CR's employees rose 4.51% yoy to 3,058 in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic employed 3,058 persons in 2019-06-30, up 0.262% 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 reache...

Raiffeisen CR's net interest income rose 24.2% yoy to CZK 2,131 mil in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Czech Republic generated total banking revenues of CZK 2,944 mil in the second quarter of 2019, up 13% when compared to the same period of last year and 3.26% when compared to the previous quarter. Historically, the bank’s revenues containing o...

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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 4.18% and 7.23% a year on average in the last 10 years. Its loans and deposits have grown by 5.69% and 9.20% a year during that time and loans to deposits ratio reached 87.3% at the end of 2018. The company achieved an average return on equity of 11.7% in the last decade with net profit growing 10.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 53.2% in 2018, compared to 56.7% average in the last decade.

Equity represented 8.17% of total assets or 12.6% of loans at the end of 2018. Raiffeisenbank Czech Republic's non-performing loans were 1.91% of total loans while provisions covered some 96.9% of NPLs at the end of 2018.