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SAB Finance

SAB Finance's net profit rose 58.5% yoy to CZK 117 mil in 2020

By Helgi Analytics - August 23, 2021

SAB Finance made a net profit of CZK 117 mil under revenues of CZK 273 mil in 2020, up 58.5% and 24.8% respectively compared to the p...

SAB Finance's total revenues rose 27.1% yoy to CZK 214 mil in 2018

By Helgi Analytics - August 23, 2021

SAB Finance generated total banking revenues of CZK 214 mil in 2018, up 27.1% compared to the previous year. Czech banking...

SAB Finance's net interest income fell 849% yoy to CZK -6.79 mil in 2020

By Helgi Analytics - August 23, 2021

SAB Finance generated total banking revenues of CZK 273 mil in 2020, up 24.8% compared to the previous year. Historically...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 4.47 0.906 -6.79
Net Fee Income CZK mil -13.9 -14.4 -12.0
Other Income CZK mil 223 233 292
Total Revenues CZK mil 214 219 273
Staff Cost CZK mil 87.2 88.5 89.7
Operating Profit CZK mil 87.6 81.5 142
Provisions CZK mil -0.433 0.112 -1.98
Net Profit CZK mil 71.2 73.7 117
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 339 210 261
Customer Loans CZK mil 933 666 580
Investments CZK mil 376 395 965
Total Assets CZK mil 1,728 1,409 1,967
Shareholders' Equity CZK mil 743 817 1,223
Interbank Borrowing CZK mil 61.9 202 85.3
Customer Deposits CZK mil 904 363 585
Issued Debt Securities CZK mil 0 0 0
Ratios 2018 2019 2020
ROE % 11.4 9.45 11.4
ROA % 4.06 4.70 6.91
Costs (As % Of Assets) % 7.21 8.77 7.76
Costs (As % Of Income) % 59.0 62.8 47.9
Net Interest Margin % 0.255 0.058 -0.402
Loans (As % Of Deposits) % 103 183 99.1
Growth Rates 2018 2019 2020
Total Revenue Growth % 27.1 2.39 24.8
Operating Cost Growth % 25.6 8.92 -4.70
Operating Profit Growth % 29.4 -7.00 74.6
Net Profit Growth % 29.8 3.51 58.5
Customer Loan Growth % -33.8 -28.6 -12.9
Total Asset Growth % -2.70 -18.5 39.6
Customer Deposit Growth % -26.6 -59.8 61.2
Shareholders' Equity Growth % 47.1 9.92 49.7
Employees 60.0 68.0 66.0

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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 ... ... ... ... ... ... ...       4.90 6.88 -1.05 -0.502 4.47    
Total Revenues CZK mil ... ... ... ... ... ... ...       132 136 116 168 214    
Operating Profit CZK mil ... ... ... ... ... ... ...       46.0 49.8 41.3 67.7 87.6    
Net Profit CZK mil ... ... ... ... ... ... ...       34.4 37.2 32.8 54.8 71.2    
balance sheet                                  
Interbank Loans CZK mil ... ... ... ... ... ... ...       54.8 88.0 264 275 339    
Customer Loans CZK mil ... ... ... ... ... ... ...       442 488 801 1,409 933    
Investments CZK mil ... ... ... ... ... ... ...       92.3 34.2 35.5 30.1 376    
Total Assets CZK mil ... ... ... ... ... ... ...       622 621 1,116 1,776 1,728    
                                     
Shareholders' Equity CZK mil ... ... ... ... ... ... ...       245 250 247 505 743    
Interbank Borrowing CZK mil ... ... ... ... ... ... ...       33.4 84.7 66.5 19.6 61.9    
Customer Deposits CZK mil ... ... ... ... ... ... ...       261 204 796 1,232 904    
Issued Debt Securities CZK mil ... ... ... ... ... ... ...       71.2 71.2 0 0 0    
ratios                                  
ROE % ... ... ... ... ... ... ... ...     14.5 15.0 13.2 14.6 11.4    
ROA % ... ... ... ... ... ... ... ...     5.44 5.99 3.77 3.79 4.06    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ...     13.5 13.9 8.62 6.95 7.21    
Costs (As % Of Income) % ... ... ... ... ... ... ...       65.1 63.5 64.4 59.7 59.0    
Net Interest Margin % ... ... ... ... ... ... ... ...     0.774 1.11 -0.121 -0.035 0.255    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ...       3.72 5.04 -0.905 -0.298 2.09    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ...       -10.1 -9.81 -10.8 -8.37 -6.51    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...       58.3 58.9 65.6 63.8 69.0    
Equity (As % Of Assets) % ... ... ... ... ... ... ...       39.4 40.2 22.1 28.4 43.0    
Loans (As % Of Deposits) % ... ... ... ... ... ... ...       169 240 101 114 103    
Loans (As % Assets) % ... ... ... ... ... ... ...       71.1 78.6 71.8 79.3 54.0    
valuation                                  
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Earnings Per Share (EPS) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Book Value Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Dividend Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
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 ... ... ... ... ... ... ...       13.0 14.8 4.24 2.03 8.02    
Interest Cost CZK mil ... ... ... ... ... ... ...       8.10 7.91 5.29 2.53 3.55    
Net Interest Income CZK mil ... ... ... ... ... ... ...       4.90 6.88 -1.05 -0.502 4.47    
Net Fee Income CZK mil ... ... ... ... ... ... ...       -13.3 -13.4 -12.5 -14.1 -13.9    
Fee Income CZK mil ... ... ... ... ... ... ...       2.08 2.37 2.59 2.78 2.77    
Fee Expense CZK mil ... ... ... ... ... ... ...       15.4 15.8 15.1 16.8 16.7    
Other Income CZK mil ... ... ... ... ... ... ...       140 143 130 183 223    
Total Revenues CZK mil ... ... ... ... ... ... ...       132 136 116 168 214    
Staff Cost CZK mil ... ... ... ... ... ... ...       50.0 51.0 49.1 64.1 87.2    
Depreciation CZK mil ... ... ... ... ... ... ...       17.9 17.8 6.82 1.38 1.82    
Other Cost CZK mil ... ... ... ... ... ... ...       17.8 17.8 18.9 35.0 37.3    
Operating Cost CZK mil ... ... ... ... ... ... ...       85.7 86.6 74.8 101 126    
Operating Profit CZK mil ... ... ... ... ... ... ...       46.0 49.8 41.3 67.7 87.6    
Provisions CZK mil ... ... ... ... ... ... ...       -0.019 0.086 -1.43 0 -0.433    
Extra and Other Cost CZK mil ... ... ... ... ... ... ...       0 -0.021 0 0 0.123    
Pre-Tax Profit CZK mil ... ... ... ... ... ... ...       46.0 49.8 42.8 67.7 88.0    
Tax CZK mil ... ... ... ... ... ... ...       11.6 12.5 9.80 12.9 16.8    
Minorities CZK mil ... ... ... ... ... ... ...       0 0 0 0 0    
Net Profit CZK mil ... ... ... ... ... ... ...       34.4 37.2 32.8 54.8 71.2    
Net Profit Avail. to Common CZK mil ... ... ... ... ... ... ...       34.4 37.2 32.8 54.8 71.2    
Dividends CZK mil ... ... ... ... ... ... ...       32.7 35.4 31.1 52.1 67.6    
growth rates                                  
Net Interest Income Growth % ... ... ... ... ... ... ... ...     62.0 40.5 -115 -52.2 -992    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ...   -37.8 0.397 -6.59 12.5 -1.05    
Total Revenue Growth % ... ... ... ... ... ... ... ...     6.33 3.63 -14.9 44.8 27.1    
Operating Cost Growth % ... ... ... ... ... ... ... ...     -8.48 1.11 -13.6 34.4 25.6    
Operating Profit Growth % ... ... ... ... ... ... ... ...     52.2 8.32 -17.0 63.8 29.4    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ...     72.5 8.14 -14.1 58.3 29.9    
Net Profit Growth % ... ... ... ... ... ... ... ...     89.8 8.19 -12.0 67.3 29.8    
market share                                  
Market Share in Revenues % ... ... ... ... ... ... ...       0.078 0.078 0.064 0.094 0.112 ... ...
Market Share in Net Profit % ... ... ... ... ... ... ...       0.055 0.056 0.045 0.073 0.087 ... ...
Market Share in Employees % ... ... ... ... ... ... ...       0.107 0.112 0.122 0.124 0.143 ... ...
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 ... ... ... ... ... ... ...       0.009 0.008 0 0 0    
Interbank Loans CZK mil ... ... ... ... ... ... ...       54.8 88.0 264 275 339    
Customer Loans CZK mil ... ... ... ... ... ... ...       442 488 801 1,409 933    
Investments CZK mil ... ... ... ... ... ... ...       92.3 34.2 35.5 30.1 376    
Property and Equipment CZK mil ... ... ... ... ... ... ...       2.89 2.31 1.13 26.6 26.9    
Intangible Assets CZK mil ... ... ... ... ... ... ...       23.0 6.43 2.77 3.07 10.5    
Goodwill CZK mil ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Total Assets CZK mil ... ... ... ... ... ... ...       622 621 1,116 1,776 1,728    
                                     
Shareholders' Equity CZK mil ... ... ... ... ... ... ...       245 250 247 505 743    
Of Which Minority Interest CZK mil ... ... ... ... ... ... ...       0 0 0 0 0    
Liabilities CZK mil ... ... ... ... ... ... ...       376 371 869 1,271 985    
Interbank Borrowing CZK mil ... ... ... ... ... ... ...       33.4 84.7 66.5 19.6 61.9    
Customer Deposits CZK mil ... ... ... ... ... ... ...       261 204 796 1,232 904    
Sight Deposits CZK mil ... ... ... ... ... ... ...       251 194 776 1,148 888    
Term Deposits CZK mil ... ... ... ... ... ... ...       10.0 10.0 20.0 84.0 15.5    
Issued Debt Securities CZK mil ... ... ... ... ... ... ...       71.2 71.2 0 0 0    
Subordinated Debt CZK mil ... ... ... ... ... ... ...       0 0 0 0 0    
Other Liabilities CZK mil ... ... ... ... ... ... ...       11.3 11.6 6.47 19.6 19.3    
growth rates                                  
Customer Loan Growth % ... ... ... ... ... ... ... ...     -8.11 10.5 64.2 75.9 -33.8    
Total Asset Growth % ... ... ... ... ... ... ... ...     -3.45 -0.128 79.7 59.2 -2.70    
Shareholders' Equity Growth % ... ... ... ... ... ... ... ...     7.54 1.85 -1.05 104 47.1    
Customer Deposit Growth % ... ... ... ... ... ... ... ...     -19.5 -21.9 291 54.8 -26.6    
market share                                  
Market Share in Customer Loans % ... ... ... ... ... ... ...       0.017 0.018 0.027 0.046 0.028    
Market Share in Total Assets % ... ... ... ... ... ... ...       0.012 0.011 0.019 0.025 0.024    
Market Share in Customer Deposits % ... ... ... ... ... ... ...       0.008 0.006 0.021 0.030 0.020    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
ROE % ... ... ... ... ... ... ... ...     14.5 15.0 13.2 14.6 11.4    
ROTE % ... ... ... ... ... ... ... ...     16.7 16.0 13.4 14.7 11.5    
ROA % ... ... ... ... ... ... ... ...     5.44 5.99 3.77 3.79 4.06    
Return on Loans % ... ... ... ... ... ... ... ...     7.46 8.01 5.08 4.96 6.08    
operating profit (as % of rwa)                                  
Costs (As % Of Assets) % ... ... ... ... ... ... ... ...     13.5 13.9 8.62 6.95 7.21    
Costs (As % Of Income) % ... ... ... ... ... ... ...       65.1 63.5 64.4 59.7 59.0    
Costs (As % Of Loans) % ... ... ... ... ... ... ... ...     18.6 18.6 11.6 9.10 10.8    
Costs (As % Of Loans & Deposits) % ... ... ... ... ... ... ... ...     11.4 12.4 6.54 4.74 5.64    
Net Interest Margin % ... ... ... ... ... ... ... ...     0.774 1.11 -0.121 -0.035 0.255    
Interest Spread % ... ... ... ... ... ... ... ...     0.010 0.265 -0.365 -0.096 0.143    
Asset Yield % ... ... ... ... ... ... ... ...     2.05 2.38 0.488 0.140 0.458    
revenues (as % of rwa)                                  
Cost Of Liabilities % ... ... ... ... ... ... ... ...     2.05 2.12 0.853 0.236 0.314    
Payout Ratio % ... ... ... ... ... ... ...       95.0 95.0 95.0 95.0 95.0    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ...       3.72 5.04 -0.905 -0.298 2.09    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ...       -10.1 -9.81 -10.8 -8.37 -6.51    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ...       106 105 112 109 104    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...       58.3 58.9 65.6 63.8 69.0    
Equity (As % Of Assets) % ... ... ... ... ... ... ...       39.4 40.2 22.1 28.4 43.0    
Equity (As % Of Loans) % ... ... ... ... ... ... ...       55.5 51.2 30.8 35.8 79.6    
Loans (As % Of Deposits) % ... ... ... ... ... ... ...       169 240 101 114 103    
Loans (As % Assets) % ... ... ... ... ... ... ...       71.1 78.6 71.8 79.3 54.0    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ... ...     -0.004 0.019 -0.222 0 -0.037    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Employees ... ... ... ... ... ... ...       43.0 46.0 50.0 52.0 60.0    
Cost Per Employee USD per month ... ... ... ... ... ... ...       4,530 3,872 3,242 4,380 5,533    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ... ... ...       96,822 92,422 81,791 102,771 121,057    
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Customers mil                     0.013 0.015 0.015 0.016 0.017    
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ... ...       9,910 9,288 7,744 10,438 12,562    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ... ...       2,590 2,534 2,184 3,401 4,180    
Loan per Customer (Local Currency) CZK ... ... ... ... ... ... ...       33,240 33,206 53,406 87,403 54,781    
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ... ...       19,612 13,856 53,050 76,429 53,086    
Revenue per Customer USD ... ... ... ... ... ... ...       464 389 307 445 574    
Net Profit per Customer USD ... ... ... ... ... ... ...       121 106 86.6 145 191    
Loan per Customer USD ... ... ... ... ... ... ...       1,451 1,338 2,083 4,105 2,438    
Deposit per Customer USD ... ... ... ... ... ... ...       856 558 2,069 3,590 2,363    
Client Transactions Turnover CZK mil                     129,000 144,450 159,900 219,300 250,100   ...
Transactions Turnover per Client CZK mil                     9.71 9.83 10.7 13.6 14.7   ...
Margin on Client Transactions % ... ... ... ... ... ... ...       0.109 0.099 0.081 0.083 0.089   ...

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SAB Finance's net interest margin fell 796% yoy to -0.402% in 2020

By Helgi Analytics - August 23, 2021

SAB Finance's net interest margin amounted to -0.402% in 2020, down from 0.058% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 1.11% in 2015 and an all time low of -1.21% in 2012. The average marg...

SAB Finance's customer deposits rose 61.2% yoy to CZK 585 mil in 2020

By Helgi Analytics - August 23, 2021

SAB Finance's customer deposits reached CZK 585 mil in 2020, up 61.2% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,162 bil in 2020, up 8.92% when compared to the last year. SAB Finance accounted for 0.011% of all...

SAB Finance's customer loans fell 12.9% yoy to CZK 580 mil in 2020

By Helgi Analytics - August 23, 2021

SAB Finance's customer loans reached CZK 580 mil in 2020, down 12.9% compared to the previous year. Czech banking sector provided customer loans of CZK 3,596 bil in 2020, up 4.20% when compared to the last year. SAB Finance accounted for 0.016% of all cus...

SAB Finance's customer loan growth rose 54.8% yoy to -12.9% in 2020

By Helgi Analytics - August 23, 2021

SAB Finance's customer loan growth reached -12.9% in 2020, up from -28.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 399% in 2013 and an all time low of -33.8% in 2018. In the last decade, the average ...

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Finance

SAB Finance has been growing its revenues and asset by 17.6% and 3.47% a year on average in the last 3 years. Its loans and deposits have grown by -25.6% and -22.0% a year during that time and loans to deposits ratio reached 99.1% at the end of 2020. The company achieved an average return on equity of 10.8% in the last three years with net profit growing 28.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.9% in 2020, compared to 56.6% average in the last three years.

Equity represented 62.1% of total assets or 211% of loans at the end of 2020. SAB Finance's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2020.