Salzburger Sparkasse

Salzburger Sparkasse's customer deposits rose 6.90% to EUR 3,690 mil in 2017

By Helgi Analytics - September 29, 2018

Salzburger Sparkasse's customer deposits reached EUR 3,690 mil in 2017, up 6.90% compared to the previous year. Austrian bankin...

Salzburger Sparkasse's customer loans rose 7.01% to EUR 4,219 mil in 2017

By Helgi Analytics - September 29, 2018

Salzburger Sparkasse's customer loans reached EUR 4,219 mil in 2017, up 7.01% compared to the previous year. Austrian banking s...

Salzburger Sparkasse's net interest margin rose 4.23% to 1.71% in 2017

By Helgi Analytics - June 14, 2018

Salzburger Sparkasse's net interest margin amounted to 1.71% in 2017, up from 1.64% compared to the previous year. Histori...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 70.8 78.5 86.3
Fee Income (As % Of Revenues) % 39.4 23.1 32.6
Other Income EUR mil 6.83 24.0 3.25
Total Revenues EUR mil 128 133 133
Staff Cost EUR mil 48.2 54.5 53.1
Operating Profit EUR mil 48.6 43.2 44.0
Provisions EUR mil 10.3 8.41 9.80
Net Profit EUR mil 33.9 27.0 30.1
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 468 487 538
Customer Loans EUR mil 3,678 3,943 4,219
Debt Securities EUR mil 389 355 320
Total Assets EUR mil 4,654 4,923 5,183
Shareholders' Equity EUR mil 312 338 364
Interbank Borrowing EUR mil 906 954 978
Customer Deposits EUR mil 3,245 3,452 3,690
Issued Debt Securities EUR mil 68.6 52.3 31.4
Ratios 2015 2016 2017
ROE % 11.4 8.32 8.56
ROA % 0.753 0.565 0.595
Costs (As % Of Assets) % 1.77 1.88 1.76
Costs (As % Of Income) % 62.1 67.6 66.9
Capital Adequacy Ratio % 14.6 14.5 13.8
Net Interest Margin % 1.57 1.64 1.71
Loans (As % Of Deposits) % 113 114 114
Growth Rates 2015 2016 2017
Total Revenue Growth % 4.92 4.01 -0.238
Operating Cost Growth % -16.8 13.3 -1.20
Operating Profit Growth % 83.2 -11.1 1.78
Net Profit Growth % 4,204 -20.2 11.2
Customer Loan Growth % 9.11 7.21 7.01
Total Asset Growth % 7.03 5.80 5.26
Customer Deposit Growth % 4.50 6.40 6.90
Shareholders' Equity Growth % 10.6 8.49 7.70
Employees 580 581 574

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                        
Net Interest Income EUR mil           63.9 54.8 58.6 67.2 70.8    
Total Revenues EUR mil           116 108 114 122 128    
Operating Profit EUR mil           31.2 22.0 32.0 26.5 48.6    
Net Profit EUR mil           1.67 4.50 8.46 0.787 33.9    
balance sheet                        
Interbank Loans EUR mil           581 517 422 465 468    
Customer Loans EUR mil           3,214 3,347 3,173 3,371 3,678    
Debt Securities EUR mil           356 367 375 390 389    
Total Assets EUR mil           4,304 4,379 4,115 4,348 4,654    
Shareholders' Equity EUR mil           217 222 279 282 312    
Interbank Borrowing EUR mil           796 785 575 724 906    
Customer Deposits EUR mil           2,950 3,037 3,031 3,105 3,245    
Issued Debt Securities EUR mil           154 148 114 111 68.6    
ratios                        
ROE %           0.791 2.05 3.38 0.280 11.4    
ROA %           0.039 0.104 0.199 0.019 0.753    
Costs (As % Of Assets) %           1.99 1.97 1.93 2.26 1.77    
Costs (As % Of Income) %           73.0 79.6 71.9 78.3 62.1    
Capital Adequacy Ratio %           13.8 14.4 14.5 13.9 14.6    
Net Interest Margin %           1.50 1.26 1.38 1.59 1.57    
Interest Income (As % Of Revenues) %           55.2 50.9 51.4 55.0 55.2    
Fee Income (As % Of Revenues) %           38.0 43.2 41.2 39.5 39.4    
Staff Cost (As % Of Total Cost) %           67.7 65.8 66.6 71.2 60.6    
Equity (As % Of Assets) %           5.04 5.07 6.79 6.48 6.70    
Loans (As % Of Deposits) %           109 110 105 109 113    
Loans (As % Assets) %           74.7 76.4 77.1 77.5 79.0    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                        
Interest Income EUR mil           114 100 86.8 90.7 88.8    
Interest Cost EUR mil           49.9 45.6 28.1 23.5 18.0    
Net Interest Income EUR mil           63.9 54.8 58.6 67.2 70.8    
Net Fee Income EUR mil           44.0 46.5 47.0 48.2 50.5    
Other Income EUR mil           7.80 6.33 8.38 6.76 6.83    
Total Revenues EUR mil           116 108 114 122 128    
Staff Cost EUR mil           57.2 56.4 54.6 68.0 48.2    
Depreciation EUR mil           4.55 4.59 4.64 4.58 6.07    
Other Cost EUR mil           22.8 24.7 22.8 23.0 25.3    
Operating Cost EUR mil           84.5 85.7 82.0 95.6 79.5    
Operating Profit EUR mil           31.2 22.0 32.0 26.5 48.6    
Provisions EUR mil           29.5 15.1 19.3 19.1 10.3    
Extra and Other Cost EUR mil           < -0.001 < 0.001 < 0.001 < -0.001 -1.03    
Pre-Tax Profit EUR mil           1.66 6.89 12.7 7.39 39.4    
Tax EUR mil           -1.66 -0.245 4.25 6.60 5.51    
Minorities EUR mil           0 0 0 0 0    
Net Profit EUR mil           1.67 4.50 8.46 0.787 33.9    
growth rates                        
Net Interest Income Growth % ...         4.06 -14.2 6.90 14.6 5.40    
Net Fee Income Growth % ...         -5.84 5.65 1.08 2.61 4.80    
Total Revenue Growth % ...         -2.97 -6.96 5.88 7.16 4.92    
Operating Cost Growth % ...         2.68 1.35 -4.27 16.6 -16.8    
Operating Profit Growth % ...         -15.6 -29.5 45.4 -17.0 83.2    
Pre-Tax Profit Growth % ...         -93.8 315 84.4 -41.9 433    
Net Profit Growth % ...         -87.7 169 88.1 -90.7 4,204    
market share                        
Market Share in Revenues %           0.601 0.563 0.602 0.612 0.616    
Market Share in Net Profit %           0.140 0.140 -0.905 -0.012 0.911    
Market Share in Employees %           0.807 0.799 0.791 0.793 0.791    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                        
Cash EUR mil           39.3 43.3 40.8 41.2 43.9    
Interbank Loans EUR mil           581 517 422 465 468    
Customer Loans EUR mil           3,214 3,347 3,173 3,371 3,678    
Debt Securities EUR mil           356 367 375 390 389    
Fixed Assets EUR mil           46.3 44.5 42.7 41.7 38.0    
Total Assets EUR mil           4,304 4,379 4,115 4,348 4,654    
Shareholders' Equity EUR mil           217 222 279 282 312    
Of Which Minority Interest EUR mil           0 0 0 0 0    
Liabilities EUR mil           4,087 4,157 3,835 4,066 4,342    
Interbank Borrowing EUR mil           796 785 575 724 906    
Customer Deposits EUR mil           2,950 3,037 3,031 3,105 3,245    
Issued Debt Securities EUR mil           154 148 114 111 68.6    
Other Liabilities EUR mil           187 187 114 126 122    
growth rates                        
Customer Loan Growth % ...         8.21 4.15 -5.19 6.22 9.11    
Total Asset Growth % ...         2.58 1.75 -6.04 5.67 7.03    
Shareholders' Equity Growth % ...         5.69 2.37 25.9 0.900 10.6    
Customer Deposit Growth % ...         4.64 2.96 -0.201 2.42 4.50    
market share                        
Market Share in Customer Loans %           0.720 0.759 0.732 0.791 0.855    
Market Share in Total Assets %           0.424 0.446 0.444 0.485 0.542    
Market Share in Customer Deposits %           0.847 0.858 0.836 0.830 0.842    
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                        
ROE %           0.791 2.05 3.38 0.280 11.4    
ROA %           0.039 0.104 0.199 0.019 0.753    
Costs (As % Of Assets) %           1.99 1.97 1.93 2.26 1.77    
Costs (As % Of Income) %           73.0 79.6 71.9 78.3 62.1    
Capital Adequacy Ratio %           13.8 14.4 14.5 13.9 14.6    
Tier 1 Ratio %           10.2 10.5 10.5 9.33 10.1    
Net Interest Margin %           1.50 1.26 1.38 1.59 1.57    
Interest Spread % ...         1.44 1.21 1.34 1.55 1.54    
Asset Yield %           2.68 2.31 2.04 2.14 1.97    
Cost Of Liabilities % ...         1.24 1.11 0.704 0.596 0.428    
Interest Income (As % Of Revenues) %           55.2 50.9 51.4 55.0 55.2    
Fee Income (As % Of Revenues) %           38.0 43.2 41.2 39.5 39.4    
Other Income (As % Of Revenues) %           6.75 5.88 7.35 5.54 5.33    
Cost Per Employee USD per month           10,518 9,741 10,045 12,427 7,932    
Cost Per Employee (Local Currency) EUR per month           7,565 7,586 7,567 9,641 6,920    
Staff Cost (As % Of Total Cost) %           67.7 65.8 66.6 71.2 60.6    
Equity (As % Of Assets) %           5.04 5.07 6.79 6.48 6.70    
Loans (As % Of Deposits) %           109 110 105 109 113    
Loans (As % Assets) %           74.7 76.4 77.1 77.5 79.0    
Cost of Provisions (As % Of Loans) %           0.955 0.460 0.591 0.585 0.304    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                        
Employees           630 619 601 588 580    

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Salzburger Sparkasse's net profit rose 11.2% to EUR 30.1 mil in 2017

By Helgi Analytics - June 14, 2018

Salzburger Sparkasse made a net profit of EUR 30.1 mil in 2017, up 11.2% compared to the previous year. This implies a return on equity of 8.56%. Historically, the bank’s net profit reached an all time high of EUR 33.9 mil in 2015 and an all time low of EUR...

Salzburger Sparkasse's total revenues fell 0.239% to EUR 133 mil in 2017

By Helgi Analytics - September 29, 2018

Salzburger Sparkasse generated total banking revenues of EUR 133 mil in 2017, down 0.239% compared to the previous year. Austrian banking sector banking sector generated total revenues of EUR 19,521 mil in 2017, up 2.83% when compared to the last year...

Salzburger Sparkasse's net interest income rose 9.98% to EUR 86.3 mil in 2017

By Helgi Analytics - June 14, 2018

Salzburger Sparkasse generated total banking revenues of EUR 133 mil in 2017, down 0.239% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of EUR 133 mil in 2016 ...

Salzburger Sparkasse's capital adequacy ratio fell 5.23% to 13.8% in 2017

By Helgi Analytics - June 14, 2018

Salzburger Sparkasse's capital adequacy ratio reached 13.8% at the end of 2017, down from 14.5% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 14.6% in 2015 and an all time low of 10.3% in 2006. The Tier 1 ratio ...

Salzburger Sparkasse's customer loan growth fell 2.69% to 7.01% in 2017

By Helgi Analytics - June 14, 2018

Salzburger Sparkasse's customer loan growth reached 7.01% in 2017, down from 7.21% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 9.89% in 2008 and an all time low of -5.19% in 2013. In the last decade, th...

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Finance

Salzburger Sparkasse has been growing its revenues and asset by 2.87% and 6.03% a year on average in the last 3 years. Its loans and deposits have grown by 7.77% and 5.93% a year during that time and loans to deposits ratio reached 114% at the end of 2017. The company achieved an average return on equity of 9.43% in the last three years with net profit growing 237% a year on average. In terms of operating efficiency, its cost to income ratio reached 66.9% in 2017, compared to 65.5% average in the last three years.

Equity represented 7.03% of total assets or 8.63% of loans at the end of 2017. Salzburger Sparkasse's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.