Raiffeisenlandesbank Vorarlberg

Raiffeisenlandesbank Vorarlberg's net profit rose 72.1% to EUR 18.8 mil in 2017

By Helgi Analytics - June 12, 2018

Raiffeisenlandesbank Vorarlberg made a net profit of EUR 18.8 mil under revenues of EUR 56.4 mil in 2017, up 72.1% and 5.87% respecti...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 32.3 29.6 31.1
Fee Income (As % Of Revenues) % 18.3 18.4 16.6
Other Income EUR mil 13.2 13.9 16.0
Total Revenues EUR mil 55.7 53.3 56.4
Staff Cost EUR mil 23.4 25.1 24.1
Operating Profit EUR mil 19.8 16.0 20.6
Provisions EUR mil -14.3 5.92 -4.36
Net Profit EUR mil 17.9 10.9 18.8
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 2,485 2,143 2,442
Customer Loans EUR mil 1,350 1,443 1,473
Debt Securities EUR mil 2,190 2,153 2,064
Total Assets EUR mil 6,288 6,085 6,479
Shareholders' Equity EUR mil 296 294 310
Interbank Borrowing EUR mil 3,576 3,444 3,776
Customer Deposits EUR mil 898 886 883
Issued Debt Securities EUR mil 1,436 1,377 1,431
Ratios 2015 2016 2017
ROE % 6.11 3.69 6.21
ROA % 0.281 0.176 0.299
Costs (As % Of Assets) % 0.563 0.603 0.570
Costs (As % Of Income) % 64.5 70.0 63.4
Capital Adequacy Ratio % 16.7 16.3 17.2
Net Interest Margin % 0.507 0.478 0.495
Loans (As % Of Deposits) % 150 163 167
Growth Rates 2015 2016 2017
Total Revenue Growth % -15.3 -4.31 5.87
Operating Cost Growth % -1.91 3.96 -4.11
Operating Profit Growth % -32.2 -19.3 29.2
Net Profit Growth % -0.556 -39.1 72.1
Customer Loan Growth % 5.40 6.90 2.02
Total Asset Growth % -2.73 -3.23 6.46
Customer Deposit Growth % -3.10 -1.23 -0.423
Shareholders' Equity Growth % 2.31 -0.758 5.42

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summary Unit 2011 2012 2013 2014 2015 2016 2017
income statement              
Net Interest Income EUR mil ... ... ... 30.4 32.3    
Total Revenues EUR mil 55.3 58.7 63.3 65.8 55.7    
Operating Profit EUR mil 22.5 24.3 26.5 29.2 19.8    
Net Profit EUR mil 13.0 14.3 62.2 18.0 17.9    
balance sheet              
Interbank Loans EUR mil ... ... ... 2,538 2,485    
Customer Loans EUR mil ... ... ... 1,281 1,350    
Debt Securities EUR mil ... ... ... 2,347 2,190    
Total Assets EUR mil ... ... ... 6,465 6,288    
Shareholders' Equity EUR mil ... ... ... 290 296    
Interbank Borrowing EUR mil ... ... ... 3,577 3,576    
Customer Deposits EUR mil ... ... ... 926 898    
Issued Debt Securities EUR mil ... ... ... 1,596 1,436    
ratios              
ROE % ... ... ... 6.22 6.11    
ROA % ... ... ... 0.278 0.281    
Costs (As % Of Assets) % ... ... ... 0.566 0.563    
Costs (As % Of Income) % 59.3 58.6 58.1 55.6 64.5    
Capital Adequacy Ratio % ... ... ... 15.8 16.7    
Net Interest Margin % ... ... ... 0.470 0.507    
Interest Income (As % Of Revenues) % ... ... ... 46.2 58.0    
Fee Income (As % Of Revenues) % ... ... ... 15.5 18.3    
Staff Cost (As % Of Total Cost) % ... ... ... 64.8 65.2    
Equity (As % Of Assets) % ... ... ... 4.48 4.71    
Loans (As % Of Deposits) % ... ... ... 138 150    
Loans (As % Assets) % ... ... ... 19.8 21.5    
income statement Unit 2011 2012 2013 2014 2015 2016 2017
income statement              
Interest Income EUR mil ... ... ... 103 92.3    
Interest Cost EUR mil ... ... ... 72.4 60.0    
Net Interest Income EUR mil ... ... ... 30.4 32.3    
Net Fee Income EUR mil ... ... ... 10.2 10.2    
Other Income EUR mil ... ... ... 25.2 13.2    
Total Revenues EUR mil 55.3 58.7 63.3 65.8 55.7    
Staff Cost EUR mil ... ... ... 23.7 23.4    
Depreciation EUR mil ... ... ... 1.60 1.40    
Other Cost EUR mil ... ... ... 11.3 11.1    
Operating Cost EUR mil 32.8 34.4 36.8 36.6 35.9    
Operating Profit EUR mil 22.5 24.3 26.5 29.2 19.8    
Provisions EUR mil ... ... ... 5.60 -14.3    
Extra and Other Cost EUR mil ... ... ... 0.100 0    
Pre-Tax Profit EUR mil 18.9 20.6 33.5 23.5 34.1    
Tax EUR mil 5.90 6.30 -28.7 5.60 16.2    
Minorities EUR mil 0 0 0 0 0    
Net Profit EUR mil 13.0 14.3 62.2 18.0 17.9    
growth rates              
Net Interest Income Growth % ... ... ... ... 6.25    
Net Fee Income Growth % ... ... ... ... 0    
Total Revenue Growth % ... 6.15 7.84 3.95 -15.3    
Operating Cost Growth % ... 4.88 6.98 -0.543 -1.91    
Operating Profit Growth % ... 8.00 9.05 10.2 -32.2    
Pre-Tax Profit Growth % ... 8.99 62.6 -29.9 45.1    
Net Profit Growth % ... 10.0 335 -71.1 -0.556    
market share              
Market Share in Revenues % 0.287 0.307 0.334 0.330 0.268    
Market Share in Net Profit % 1.09 0.445 -6.65 -0.269 0.481    
balance sheet Unit 2011 2012 2013 2014 2015 2016 2017
balance sheet              
Cash EUR mil ... ... ... 9.00 6.22    
Interbank Loans EUR mil ... ... ... 2,538 2,485    
Customer Loans EUR mil ... ... ... 1,281 1,350    
Debt Securities EUR mil ... ... ... 2,347 2,190    
Fixed Assets EUR mil ... ... ... 30.9 30.2    
Total Assets EUR mil ... ... ... 6,465 6,288    
Shareholders' Equity EUR mil ... ... ... 290 296    
Of Which Minority Interest EUR mil ... ... ... 0 0    
Liabilities EUR mil ... ... ... 6,175 5,992    
Interbank Borrowing EUR mil ... ... ... 3,577 3,576    
Customer Deposits EUR mil ... ... ... 926 898    
Issued Debt Securities EUR mil ... ... ... 1,596 1,436    
Other Liabilities EUR mil ... ... ... 75.3 82.4    
growth rates              
Customer Loan Growth % ... ... ... ... 5.40    
Total Asset Growth % ... ... ... ... -2.73    
Shareholders' Equity Growth % ... ... ... ... 2.31    
Customer Deposit Growth % ... ... ... ... -3.10    
market share              
Market Share in Customer Loans % ... ... ... 0.301 0.314    
Market Share in Total Assets % ... ... ... 0.721 0.732    
Market Share in Customer Deposits % ... ... ... 0.248 0.233    
ratios Unit 2011 2012 2013 2014 2015 2016 2017
ratios              
ROE % ... ... ... 6.22 6.11    
ROA % ... ... ... 0.278 0.281    
Costs (As % Of Assets) % ... ... ... 0.566 0.563    
Costs (As % Of Income) % 59.3 58.6 58.1 55.6 64.5    
Capital Adequacy Ratio % ... ... ... 15.8 16.7    
Tier 1 Ratio % ... ... ... 12.5 13.3    
Net Interest Margin % ... ... ... 0.470 0.507    
Interest Spread % ... ... ... ... 0.461    
Asset Yield % ... ... ... 1.59 1.45    
Cost Of Liabilities % ... ... ... ... 0.986    
Interest Income (As % Of Revenues) % ... ... ... 46.2 58.0    
Fee Income (As % Of Revenues) % ... ... ... 15.5 18.3    
Other Income (As % Of Revenues) % ... ... ... 38.3 23.7    
Staff Cost (As % Of Total Cost) % ... ... ... 64.8 65.2    
Equity (As % Of Assets) % ... ... ... 4.48 4.71    
Loans (As % Of Deposits) % ... ... ... 138 150    
Loans (As % Assets) % ... ... ... 19.8 21.5    
Cost of Provisions (As % Of Loans) % ... ... ... 0.437 -1.12    

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Raiffeisenlandesbank Vorarlberg Logo

Finance

Raiffeisenlandesbank Vorarlberg has been growing its revenues and asset by -4.99% and 0.071% a year on average in the last 3 years. Its loans and deposits have grown by 4.75% and -1.59% a year during that time and loans to deposits ratio reached 167% at the end of 2017. The company achieved an average return on equity of 5.34% in the last three years with net profit growing 1.40% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.4% in 2017, compared to 66.0% average in the last three years.

Equity represented 4.78% of total assets or of loans at the end of 2017. Raiffeisenlandesbank Vorarlberg's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.