Santander Consumer Finance

Santander Consumer Finance's npls (as % of loans) fell 9.16% to 1.98% in 2018

By Helgi Analytics - November 05, 2019

Santander Consumer Finance's non-performing loans reached 1.98% of total loans at the end of 2018, down from 2.18% compared to th...

Santander Consumer Finance's net profit rose 12.9% to EUR 1,219 mil in 2018

By Helgi Analytics - November 05, 2019

Santander Consumer Finance made a net profit of EUR 1,219 mil under revenues of EUR 4,134 mil in 2018, up 12.9% and 0.449% respective...

Santander Consumer Finance's net interest margin fell 1.36% to 3.23% in 2018

By Helgi Analytics - November 05, 2019

Santander Consumer Finance's net interest margin amounted to 3.23% in 2018, down from 3.27% compared to the previous year. ...

Profit Statement 2016 2017 2018
Net Interest Income EUR mil 3,077 3,205 3,313
Fee Income (As % Of Revenues) % 20.7 20.5 18.5
Other Income EUR mil 57.0 65.3 57.6
Total Revenues EUR mil 3,955 4,116 4,134
Staff Cost EUR mil 698 724 757
Operating Profit EUR mil 2,218 2,330 2,371
Provisions EUR mil 353 338 336
Net Profit EUR mil 1,055 1,079 1,219
Balance Sheet 2016 2017 2018
Interbank Loans EUR mil 591 283 158
Customer Loans EUR mil 81,983 86,635 92,880
Debt Securities EUR mil 3,330 5,258 1,273
Total Assets EUR mil 96,242 99,716 105,612
Shareholders' Equity EUR mil 10,397 11,760 13,173
Interbank Borrowing EUR mil 20,201 21,844 21,570
Customer Deposits EUR mil 33,258 33,540 34,541
Issued Debt Securities EUR mil 27,866 28,305 32,275
Ratios 2016 2017 2018
ROE % 10.6 9.74 9.78
ROA % 1.16 1.10 1.19
Costs (As % Of Assets) % 1.90 1.82 1.72
Costs (As % Of Income) % 43.9 43.4 42.6
Net Interest Margin % 3.37 3.27 3.23
Loans (As % Of Deposits) % 247 258 269
NPLs (As % Of Loans) % 2.38 2.18 1.98
Provisions (As % Of NPLs) % 107 98.3 103
Growth Rates 2016 2017 2018
Total Revenue Growth % 8.91 4.08 0.449
Operating Cost Growth % 7.36 2.85 -1.27
Operating Profit Growth % 10.2 5.05 1.77
Net Profit Growth % -0.428 2.29 12.9
Customer Loan Growth % 16.2 5.67 7.21
Total Asset Growth % 11.4 3.61 5.91
Customer Deposit Growth % 7.16 0.849 2.99
Shareholders' Equity Growth % 10.00 13.1 12.0
Employees 9,631 9,774 9,694

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Net Interest Income EUR mil           2,144 2,104 2,217 2,763 3,077    
Total Revenues EUR mil           2,922 2,884 3,072 3,631 3,955    
Operating Profit EUR mil           1,572 1,520 1,696 2,014 2,218    
Net Profit EUR mil           280 609 638 1,060 1,055    
balance sheet                        
Interbank Loans EUR mil           6,453 8,683 5,487 1,160 591    
Customer Loans EUR mil           56,613 55,928 57,446 70,556 81,983    
Debt Securities EUR mil           1,816 931 766 3,313 3,330    
Total Assets EUR mil           71,129 72,103 70,832 86,429 96,242    
Shareholders' Equity EUR mil           6,787 7,285 7,648 9,452 10,397    
Interbank Borrowing EUR mil           19,554 16,815 10,018 16,878 20,201    
Customer Deposits EUR mil           32,114 30,921 29,298 31,037 33,258    
Issued Debt Securities EUR mil           9,226 14,058 19,728 25,329 27,866    
ratios                        
ROE %           4.13 8.66 8.55 12.4 10.6    
ROA %           0.390 0.851 0.893 1.35 1.16    
Costs (As % Of Assets) %           1.88 1.90 1.93 2.06 1.90    
Costs (As % Of Income) %           46.2 47.3 44.8 44.5 43.9    
Net Interest Margin %           2.98 2.94 3.10 3.51 3.37    
Interest Income (As % Of Revenues) %           73.4 72.9 72.2 76.1 77.8    
Fee Income (As % Of Revenues) %           26.8 27.5 26.4 22.7 20.7    
Staff Cost (As % Of Total Cost) %           38.2 37.9 37.8 39.7 40.2    
Equity (As % Of Assets) %           9.54 10.1 10.8 10.9 10.8    
Loans (As % Of Deposits) %           176 181 196 227 247    
Loans (As % Assets) %           79.6 77.6 81.1 81.6 85.2    
NPLs (As % Of Loans) %           3.94 4.04 4.54 3.11 2.38    
Provisions (As % Of NPLs) %           91.0 91.7 81.5 107 107    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Interest Income EUR mil           3,932 3,504 3,337 3,475 3,630    
Interest Cost EUR mil           1,788 1,400 1,121 712 552    
Net Interest Income EUR mil           2,144 2,104 2,217 2,763 3,077    
Net Fee Income EUR mil           784 794 812 826 820    
Other Income EUR mil           -5.19 -13.5 43.2 42.3 57.0    
Total Revenues EUR mil           2,922 2,884 3,072 3,631 3,955    
Staff Cost EUR mil           515 518 520 641 698    
Depreciation EUR mil           128 175 170 177 189    
Other Cost EUR mil           706 672 687 799 849    
Operating Cost EUR mil           1,350 1,364 1,377 1,617 1,736    
Operating Profit EUR mil           1,572 1,520 1,696 2,014 2,218    
Provisions EUR mil           875 605 992 566 353    
Extra and Other Cost EUR mil           266 20.6 -121 -54.5 27.6    
Pre-Tax Profit EUR mil           432 894 824 1,502 1,838    
Tax EUR mil           111 253 134 331 615    
Minorities EUR mil           34.1 25.4 25.2 111 168    
Net Profit EUR mil           280 609 638 1,060 1,055    
growth rates                        
Net Interest Income Growth % ...         0.405 -1.86 5.37 24.6 11.4    
Net Fee Income Growth % ...         -8.52 1.29 2.33 1.67 -0.687    
Total Revenue Growth % ...         -2.01 -1.30 6.52 18.2 8.91    
Operating Cost Growth % ...         2.76 1.06 0.922 17.5 7.36    
Operating Profit Growth % ...         -5.77 -3.32 11.6 18.8 10.2    
Pre-Tax Profit Growth % ...         -34.3 107 -7.80 82.2 22.4    
Net Profit Growth % ...         -35.7 118 4.75 66.0 -0.428    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                        
Cash EUR mil           1,387 1,656 1,345 5,835 4,838    
Interbank Loans EUR mil           6,453 8,683 5,487 1,160 591    
Customer Loans EUR mil           56,613 55,928 57,446 70,556 81,983    
Debt Securities EUR mil           1,816 931 766 3,313 3,330    
Fixed Assets EUR mil           2,460 2,373 2,601 2,576 2,505    
Total Assets EUR mil           71,129 72,103 70,832 86,429 96,242    
Shareholders' Equity EUR mil           6,787 7,285 7,648 9,452 10,397    
Of Which Minority Interest EUR mil           193 4.22 133 871 1,324    
Liabilities EUR mil           64,342 64,818 63,184 76,976 85,844    
Interbank Borrowing EUR mil           19,554 16,815 10,018 16,878 20,201    
Customer Deposits EUR mil           32,114 30,921 29,298 31,037 33,258    
Issued Debt Securities EUR mil           9,226 14,058 19,728 25,329 27,866    
Other Liabilities EUR mil           3,448 3,025 4,140 3,733 4,520    
asset quality                        
Non-Performing Loans EUR mil           2,312 2,348 2,710 2,266 2,006    
Gross Loans EUR mil           58,718 58,082 59,653 72,991 84,139    
Total Provisions EUR mil           2,105 2,154 2,207 2,435 2,156    
growth rates                        
Customer Loan Growth % ...         0.007 -1.21 2.71 22.8 16.2    
Total Asset Growth % ...         -1.97 1.37 -1.76 22.0 11.4    
Shareholders' Equity Growth % ...         0.377 7.33 4.98 23.6 10.00    
Customer Deposit Growth % ...         -2.87 -3.72 -5.25 5.93 7.16    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                        
ROE %           4.13 8.66 8.55 12.4 10.6    
ROA %           0.390 0.851 0.893 1.35 1.16    
Costs (As % Of Assets) %           1.88 1.90 1.93 2.06 1.90    
Costs (As % Of Income) %           46.2 47.3 44.8 44.5 43.9    
Net Interest Margin %           2.98 2.94 3.10 3.51 3.37    
Interest Spread % ...         2.72 2.72 2.92 3.40 3.30    
Asset Yield %           5.47 4.89 4.67 4.42 3.97    
Cost Of Liabilities % ...         2.75 2.17 1.75 1.02 0.679    
Interest Income (As % Of Revenues) %           73.4 72.9 72.2 76.1 77.8    
Fee Income (As % Of Revenues) %           26.8 27.5 26.4 22.7 20.7    
Other Income (As % Of Revenues) %           -0.177 -0.467 1.41 1.17 1.44    
Cost Per Employee USD per month           5,405 5,660 6,393 6,930 6,473    
Cost Per Employee (Local Currency) EUR per month           4,205 4,264 4,960 6,045 6,038    
Staff Cost (As % Of Total Cost) %           38.2 37.9 37.8 39.7 40.2    
Equity (As % Of Assets) %           9.54 10.1 10.8 10.9 10.8    
Loans (As % Of Deposits) %           176 181 196 227 247    
Loans (As % Assets) %           79.6 77.6 81.1 81.6 85.2    
NPLs (As % Of Loans) %           3.94 4.04 4.54 3.11 2.38    
Provisions (As % Of NPLs) %           91.0 91.7 81.5 107 107    
Provisions (As % Of Loans) %           3.72 3.85 3.84 3.45 2.63    
Cost of Provisions (As % Of Loans) %           1.54 1.08 1.75 0.885 0.462    
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                        
Employees           10,207 10,115 8,733 8,842 9,631    

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Santander Consumer Finance's net interest income rose 3.36% to EUR 3,313 mil in 2018

By Helgi Analytics - November 05, 2019

Santander Consumer Finance generated total banking revenues of EUR 4,134 mil in 2018, up 0.449% 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 4,134 mil ...

Santander Consumer Finance's customer loan growth rose 27.0% to 7.21% in 2018

By Helgi Analytics - November 05, 2019

Santander Consumer Finance's customer loan growth reached 7.21% in 2018, up from 5.67% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 22.8% in 2015 and an all time low of -4.47% in 2010. In the last decade...

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Finance

Santander Consumer Finance has been growing its revenues and asset by 5.79% and 6.37% a year on average in the last 10 years. Its loans and deposits have grown by 6.73% and 6.70% a year during that time and loans to deposits ratio reached 269% at the end of 2018. The company achieved an average return on equity of 7.97% in the last decade with net profit growing 12.4% a year on average. In terms of operating efficiency, its cost to income ratio reached 42.6% in 2018, compared to 42.8% average in the last decade.

Equity represented 12.5% of total assets or 14.2% of loans at the end of 2018. Santander Consumer Finance's non-performing loans were 1.98% of total loans while provisions covered some 103% of NPLs at the end of 2018.