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Raiffeisenbank Czech Republic

Raiffeisen CR's net profit rose 66.9% yoy to CZK 1,816 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic made a net profit of CZK 1,816 mil in the second quarter of 2022, up 66.9% when compared to the sam...

Raiffeisen CR's net profit rose 66.9% yoy to CZK 1,816 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic made a net profit of CZK 1,816 mil under revenues of CZK 4,441 mil in the second quarter of 2022, up 66...

Raiffeisen CR's total revenues rose 68.2% yoy to CZK 4,441 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic generated total banking revenues of CZK 4,441 mil in 2022-06-30, up 2.27% compared to the previous...

Profit Statement 2019 2020 2021
Net Interest Income CZK mil 9,047 7,849 10,156
Net Fee Income CZK mil 3,321 3,114 3,961
Other Income CZK mil -494 -1,873 -233
Total Revenues CZK mil 11,874 9,090 13,884
Staff Cost CZK mil 3,570 3,399 4,131
Operating Profit CZK mil 4,666 2,209 5,344
Provisions CZK mil 333 88.0 -8.00
Net Profit CZK mil 4,731 2,224 4,770
Balance Sheet 2019 2020 2021
Interbank Loans CZK mil 87,242 107,619 197,963
Customer Loans CZK mil 246,644 249,083 371,751
Investments CZK mil 4,777 43,237 41,150
Total Assets CZK mil 370,715 482,000 651,008
Shareholders' Equity CZK mil 32,703 36,814 45,925
Interbank Borrowing CZK mil 21,961 12,201 13,107
Customer Deposits CZK mil 290,691 402,776 553,090
Issued Debt Securities CZK mil 16,001 17,614 25,510
Ratios 2019 2020 2021
ROE % 15.1 6.40 11.5
ROA % 1.28 0.522 0.842
Costs (As % Of Assets) % 1.96 1.61 1.51
Costs (As % Of Income) % 60.7 75.7 61.5
Capital Adequacy Ratio % 18.7 22.8 26.1
Net Interest Margin % 2.46 1.84 1.79
Loans (As % Of Deposits) % 84.8 61.8 67.2
NPLs (As % Of Loans) % 1.97 2.30 1.80
Provisions (As % Of NPLs) % 75.9 84.6 81.0
Growth Rates 2019 2020 2021
Total Revenue Growth % 0.020 -23.4 52.7
Operating Cost Growth % 14.0 -4.54 24.1
Operating Profit Growth % -15.9 -52.7 142
Net Profit Growth % 24.0 -53.0 114
Customer Loan Growth % 4.24 0.989 49.2
Total Asset Growth % 1.24 30.0 35.1
Customer Deposit Growth % 7.30 38.6 37.3
Shareholders' Equity Growth % 9.37 12.6 24.7
Employees 2,966 3,292 3,781

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                    
Net Interest Income CZK mil                       6,104 6,286 6,564 7,666 9,047    
Total Revenues CZK mil                       9,294 10,283 11,338 11,872 11,874    
Operating Profit CZK mil                       4,270 4,170 4,860 5,551 4,666    
Net Profit CZK mil                       2,690 2,604 3,084 3,815 4,731    
balance sheet                                    
Interbank Loans CZK mil                       4,048 5,664 103,588 99,529 87,242    
Customer Loans CZK mil                       182,790 207,686 218,987 236,604 246,644    
Investments CZK mil                       16,701 7,806 1,067 10,785 4,777    
Total Assets CZK mil                       246,325 318,278 342,699 366,158 370,715    
                                       
Shareholders' Equity CZK mil                       25,373 25,083 27,905 29,900 32,703    
Interbank Borrowing CZK mil                       12,607 29,489 31,372 34,402 21,961    
Customer Deposits CZK mil                       183,794 227,463 251,732 270,921 290,691    
Issued Debt Securities CZK mil                       21,460 27,586 22,186 22,177 16,001    
ratios                                    
ROE % ...                     11.0 10.3 11.6 13.2 15.1    
ROA % ...                     1.13 0.923 0.933 1.08 1.28    
Costs (As % Of Assets) % ...                     2.10 2.17 1.96 1.78 1.96    
Costs (As % Of Income) %                       54.1 59.4 57.1 53.2 60.7    
Capital Adequacy Ratio %                       17.8 17.5 17.7 16.9 18.7    
Net Interest Margin % ...                     2.56 2.23 1.99 2.16 2.46    
Interest Income (As % Of Revenues) %                       65.7 61.1 57.9 64.6 76.2    
Fee Income (As % Of Revenues) %                       19.7 16.5 17.7 16.7 28.0    
Staff Cost (As % Of Total Cost) %                       50.0 51.8 50.9 51.4 49.5    
Equity (As % Of Assets) %                       10.3 7.88 8.14 8.17 8.82    
Loans (As % Of Deposits) %                       99.5 91.3 87.0 87.3 84.8    
Loans (As % Assets) %                       74.2 65.3 63.9 64.6 66.5    
NPLs (As % Of Loans) %                       4.68 3.60 2.46 1.91 1.97    
Provisions (As % Of NPLs) %                       69.6 79.4 91.7 96.9 75.9    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                    
Interest Income CZK mil                       7,109 7,516 9,417 12,121 16,083    
Interest Cost CZK mil                       1,004 1,230 2,853 4,456 7,036    
Net Interest Income CZK mil                       6,104 6,286 6,564 7,666 9,047    
Net Fee Income CZK mil                       1,835 1,695 2,004 1,980 3,321    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4,313    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 992    
Other Income CZK mil                       1,355 2,302 2,770 2,226 -494    
Total Revenues CZK mil                       9,294 10,283 11,338 11,872 11,874    
Staff Cost CZK mil                       2,512 3,166 3,299 3,252 3,570    
Depreciation CZK mil                       591 611 760 842 1,505    
Other Cost CZK mil                       1,922 2,336 2,418 2,227 2,134    
Operating Cost CZK mil                       5,025 6,113 6,478 6,321 7,208    
Operating Profit CZK mil                       4,270 4,170 4,860 5,551 4,666    
Provisions CZK mil                       1,065 883 399 880 333    
Extra and Other Cost CZK mil                       50.1 0 -7.56 -13.6 0    
Pre-Tax Profit CZK mil                       3,155 3,287 4,469 4,684 5,596    
Tax CZK mil                       616 682 1,211 869 865    
Minorities CZK mil                       0 0 0 0 0    
Net Profit CZK mil                       2,690 2,604 3,084 3,815 4,731    
Net Profit Avail. to Common CZK mil                       2,690 2,604 3,084 3,815 4,731    
growth rates                                    
Net Interest Income Growth % ...                     0.239 2.98 4.42 16.8 18.0    
Net Fee Income Growth % ...                     -8.16 -7.64 18.2 -1.19 67.7    
Total Revenue Growth % ...                     1.00 10.6 10.3 4.71 0.020    
Operating Cost Growth % ...                     -10.7 21.7 5.97 -2.42 14.0    
Operating Profit Growth % ...                     19.5 -2.34 16.6 14.2 -15.9    
Pre-Tax Profit Growth % ...                     23.9 4.18 36.0 4.81 19.5    
Net Profit Growth % ...                     32.7 -3.17 18.4 23.7 24.0    
market share                                    
Market Share in Revenues %                       5.34 5.71 6.33 6.24 5.87   ...
Market Share in Net Profit %                       4.05 3.52 4.09 4.68 5.19   ...
Market Share in Employees %                       6.45 7.39 6.92 7.10 7.13   ...
Market Share in Branches %                       5.64 6.65 6.38 6.55 6.74   ...
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                    
Cash & Cash Equivalents CZK mil                       38,634 92,080 10,363 12,106 14,135    
Interbank Loans CZK mil                       4,048 5,664 103,588 99,529 87,242    
Customer Loans CZK mil                       182,790 207,686 218,987 236,604 246,644    
Retail Loans CZK mil                       83,755 98,006 107,641 114,994 119,308    
Mortgage Loans CZK mil                       71,235 80,048 86,789 93,528 95,242   ...
Consumer Loans CZK mil                       12,520 17,958 20,852 21,466 24,066   ...
Corporate Loans CZK mil                       98,592 114,697 108,194 115,847 133,454    
Investments CZK mil                       16,701 7,806 1,067 10,785 4,777    
Property and Equipment CZK mil                       1,796 2,173 4,270 4,779 6,936    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7,937    
Total Assets CZK mil                       246,325 318,278 342,699 366,158 370,715    
                                       
Shareholders' Equity CZK mil                       25,373 25,083 27,905 29,900 32,703    
Of Which Minority Interest CZK mil                       0 0 0 0 0    
Liabilities CZK mil                       220,952 293,195 314,794 336,258 338,012    
Interbank Borrowing CZK mil                       12,607 29,489 31,372 34,402 21,961    
Customer Deposits CZK mil                       183,794 227,463 251,732 270,921 290,691    
Retail Deposits CZK mil                       86,285 114,697 140,422 154,539 166,958    
Corporate Deposits CZK mil                       73,154 110,607 96,895 99,549 101,748    
Sight Deposits CZK mil                       160,389 200,333 227,863 242,944 257,938    
Term Deposits CZK mil                       23,405 27,130 23,869 27,977 32,249    
Issued Debt Securities CZK mil                       21,460 27,586 22,186 22,177 16,001    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,309    
Other Liabilities CZK mil                       3,090 8,657 9,504 8,760 9,359    
asset quality                                    
Non-Performing Loans CZK mil                       8,835 7,694 5,510 4,594 4,942    
Gross Loans CZK mil                       188,943 213,795 224,039 241,056 250,396    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ...   134,390 108,319 111,400 139,428 145,796    
Total Provisions CZK mil                       6,152 6,109 5,052 4,451 3,752    
growth rates                                    
Customer Loan Growth % ...                     8.89 13.6 5.44 8.04 4.24    
Retail Loan Growth % ...                     9.32 17.0 9.83 6.83 3.75    
Mortgage Loan Growth % ...                     9.93 12.4 8.42 7.77 1.83   ...
Consumer Loan Growth % ...                     5.97 43.4 16.1 2.94 12.1   ...
Corporate Loan Growth % ...                     8.51 16.3 -5.67 7.07 15.2    
Total Asset Growth % ...                     6.42 29.2 7.67 6.85 1.24    
Shareholders' Equity Growth % ...                     6.96 -1.14 11.3 7.15 9.37    
Customer Deposit Growth % ...                     11.3 23.8 10.7 7.62 7.30    
Retail Deposit Growth % ...                     10.3 32.9 22.4 10.1 8.04    
Corporate Deposit Growth % ...                     12.6 51.2 -12.4 2.74 2.21    
market share                                    
Market Share in Customer Loans %                       6.57 7.04 7.10 7.16 7.15    
Market Share in Corporate Loans %                       10.7 11.8 10.6 10.7 11.9    
Market Share in Retail Loans %                       3.56 4.90 5.46 5.37 5.79   ...
Market Share in Consumer Loans %                       6.33 6.90 7.04 6.99 6.84    
Market Share in Mortgage Loans %                       7.33 7.60 7.56 7.51 7.16   ...
Market Share in Total Assets %                       4.44 5.29 4.85 4.99 4.91    
Market Share in Customer Deposits %                       5.22 6.04 6.04 6.09 6.13    
Market Share in Retail Deposits %                       4.24 5.19 5.92 6.04 6.13    
Market Share in Corporate Deposits %                       7.94 12.1 9.72 9.56 9.29    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
ROE % ...                     11.0 10.3 11.6 13.2 15.1    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... 12.8 14.3 18.7 20.3 22.1    
ROA % ...                     1.13 0.923 0.933 1.08 1.28    
Return on Loans % ...                     1.53 1.33 1.45 1.67 1.96    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... 3.05 3.44 4.42 4.43 3.27    
Costs (As % Of Assets) % ...                     2.10 2.17 1.96 1.78 1.96    
Costs (As % Of Income) %                       54.1 59.4 57.1 53.2 60.7    
Costs (As % Of Loans) % ...                     2.87 3.13 3.04 2.77 2.98    
Costs (As % Of Loans & Deposits) % ...                     1.44 1.52 1.43 1.29 1.38    
Capital Adequacy Ratio %                       17.8 17.5 17.7 16.9 18.7    
Tier 1 Ratio %     ... ... ... ... ... ...       15.4 15.4 16.1 14.9 16.5    
Net Interest Margin % ...                     2.56 2.23 1.99 2.16 2.46    
Interest Spread % ...                     2.51 2.18 1.91 2.05 2.28    
Asset Yield % ...                     2.98 2.66 2.85 3.42 4.37    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... 6.63 8.47 10.3 9.47 8.33    
Cost Of Liabilities % ...                     0.469 0.478 0.939 1.37 2.09    
Interest Income (As % Of Revenues) %                       65.7 61.1 57.9 64.6 76.2    
Fee Income (As % Of Revenues) %                       19.7 16.5 17.7 16.7 28.0    
Other Income (As % Of Revenues) %                       14.6 22.4 24.4 18.8 -4.16    
Staff Cost (As % Of Total Cost) %                       50.0 51.8 50.9 51.4 49.5    
Equity (As % Of Assets) %                       10.3 7.88 8.14 8.17 8.82    
Equity (As % Of Loans) %                       13.9 12.1 12.7 12.6 13.3    
Loans (As % Of Deposits) %                       99.5 91.3 87.0 87.3 84.8    
Loans (As % Assets) %                       74.2 65.3 63.9 64.6 66.5    
NPLs (As % Of Loans) %                       4.68 3.60 2.46 1.91 1.97    
Provisions (As % Of NPLs) %                       69.6 79.4 91.7 96.9 75.9    
Provisions (As % Of Loans) %                       3.37 2.94 2.31 1.88 1.52    
Cost of Provisions (As % Of Loans) % ...                     0.607 0.452 0.187 0.386 0.138    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
Branches                       122 136 124 128 128    
ATMs ... ... ... ... ... ... ... ... ... ... ... 2.00 18.0 53.0 88.0 106 ... ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... 1.64 13.2 42.7 68.8 82.8 ... ...
Employees                       2,656 3,030 2,900 2,972 2,966    
Employees Per Bank Branch                       21.8 22.3 23.4 23.2 23.2    
Cost Per Employee USD per month                       3,302 3,451 4,040 4,168 4,449    
Cost Per Employee (Local Currency) CZK per month                       78,825 87,075 94,794 91,186 100,289    
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                     
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... 0.600 0.650 0.700    
Number of Mortgages mil ... ... ... ... ... ... ... ... ...     0.056 0.059 0.062 0.064 0.066   ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ...     1,282,000 1,352,000 1,393,000 1,451,000 1,444,000   ...
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... 10.4 9.92 9.42   ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 18,897 18,264 16,963    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 5,139 5,869 6,759    
Loan per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 364,979 364,007 352,349    
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... 419,553 416,801 415,273    
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 805 835 752    
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 219 268 300    
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 17,142 16,203 15,576    
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... 19,706 18,553 18,358    

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Raiffeisen CR's customer deposits rose 17.9% yoy to CZK 484,403 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's customer deposits reached CZK 484,403 mil in 2022-06-30, up 7.96% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,340 bil in 2022-06-30, up 2.73% when compared to the last year. Raiff...

Raiffeisen CR's customer loans rose 39.3% yoy to CZK 342,326 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's customer loans reached CZK 342,326 mil in 2022-06-30, up 2.96% compared to the previous year. Czech banking sector provided customer loans of CZK 3,958 bil in 2022-06-30, up 0.834% when compared to the last year. Raiffeisen...

Raiffeisen CR's employees rose 14.2% yoy to 3,346 in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic employed 3,346 persons in 2022-06-30, up 3.25% when compared to the previous year. Historically, the bank's workforce hit an all time high of 3,346 persons in 2022-06-30 and an all time low of 2,302 in 2007-12-31. Average cost reached...

Raiffeisen CR's retail deposits rose 21.4% yoy to CZK 311,894 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's retail deposits reached CZK 311,894 mil in 2022-06-30, up 9.13% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,323 bil in 2022-06-30, up 1.28% when compared to the last year. Raiffeise...

Raiffeisen CR's npls (as % of loans) rose 10.8% yoy to 1.92% in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's non-performing loans reached 1.92% of total loans at the end of 2022-06-30, up from 1.73% 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 2019-0...

Raiffeisen CR's retail loans rose 44.0% yoy to CZK 171,566 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's retail loans reached CZK 171,566 mil in the second quarter of 2022, up 2.39% compared to the previous year. Czech banking sector provided retail loans of CZK 2,100 bil in 2Q2022, up 0.878% when compared to the last year. Ra...

Raiffeisenbank Czech Republic - Quarterly Loan Breakdown

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's loans reached CZK 242,978 mil in the second quarter of 2019, up from CZK 240,995 mil when compared to the previous quarter and up from CZK 225,984 mil when compared to the same period of last year. Historically, the ban...

Raiffeisen CR's net interest income rose 114% yoy to CZK 3,524 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic generated total banking revenues of CZK 4,441 mil in the second quarter of 2022, up 68.2% when compared to the same period of last year and 2.27% when compared to the previous quarter. Historically, the bank’s revenues containing...

Raiffeisen CR's costs (as % of assets) rose 64.3% yoy to 1.47% in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's cost to income ratio reached 47.8% in the second quarter of 2022, up from 47.7% 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 corporate deposits rose 3.21% yoy to CZK 138,232 mil in 2Q2022

By Helgi Analytics - October 1, 2022

Raiffeisenbank Czech Republic's corporate deposits reached CZK 138,232 mil in 2022-06-30, up 3.51% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,323 bil in 2022-06-30, down 0.868% when compared to the last year. ...

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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 3.18% and 12.3% a year on average in the last 10 years. Its loans and deposits have grown by 9.38% and 14.4% a year during that time and loans to deposits ratio reached 67.2% at the end of 2021. The company achieved an average return on equity of 10.5% in the last decade with net profit growing 7.95% a year on average. In terms of operating efficiency, its cost to income ratio reached 61.5% in 2021, compared to 61.5% average in the last decade.

Equity represented 7.05% of total assets or 12.4% of loans at the end of 2021. Raiffeisenbank Czech Republic's non-performing loans were 1.80% of total loans while provisions covered some 81.0% of NPLs at the end of 2021.