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Sberbank Czech Republic

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Sberbank Czech Republic

Sberbank CZ (known as Volksbank until February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian owner. The bank seems to be fairly cost efficient given its relatively

Read more »
Sberbank CZ (known as Volksbank until February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian owner. The bank seems to be fairly cost efficient given its relatively small size (with costs accounting for 53% of income in the last 5 years), though profitability remains low (average ROE of around 5% only) thanks mainly to high cost of risk. Expansion led by the new owner will be interesting to watch for in the near future, especially, in the area of retail banking where the bank plans to double size of its branch network and to gain a 5% market share

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AnnualQuarterly
summary Unit
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

income statement

                      1,300 1,290 1,439 1,669 1,409    
                      1,621 1,645 1,846 2,156 1,918    
                      731 716 687 814 327    
                      346 209 230 383 23.0    

balance sheet

                      3,550 4,895 3,462 2,068 2,296    
                      41,611 45,944 51,421 54,147 50,781    
                      2,974 2,579 3,089 2,203 2,564    
                      51,790 61,312 70,472 66,860 76,609    
                      5,401 5,310 5,495 8,065 8,079    
                      8,722 6,927 4,488 7,063 6,513    
                      31,267 41,136 48,008 44,383 55,768    
                      5,313 6,493 9,400 6,034 5,769    

ratios

                      6.44% 3.91% 4.26% 5.65% 0.285%    
                      0.685% 0.370% 0.349% 0.558% 0.032%    
                      1.76% 1.64% 1.76% 1.95% 2.22%    
                      54.9% 56.5% 62.8% 62.2% 83.0%    
                      13.2% 11.8% 15.8% 16.2% 17.5%    
                      2.57% 2.28% 2.18% 2.43% 1.96%    
                      80.1% 78.4% 78.0% 77.4% 73.5%    
                      22.9% 23.5% 19.3% 16.7% 22.6%    
                      54.3% 56.0% 50.3% 53.7% 47.4%    
                      10.4% 8.66% 7.80% 12.1% 10.5%    
                      133% 112% 107% 122% 91.1%    
                      80.3% 74.9% 73.0% 81.0% 66.3%    
                      10.3% 8.16% 7.94% 5.95% 5.19%    
                      21.6% 30.3% 37.7% 43.9% 46.9%    

Download Data
income statement Unit
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

income statement

Interest Income CZK mil
Interest Cost CZK mil
Net Interest Income CZK mil
Net Fee Income CZK mil
Other Income CZK mil
Total Revenues CZK mil
Staff Cost CZK mil
Depreciation CZK mil
Other Cost CZK mil
Operating Cost CZK mil
Operating Profit CZK mil
Provisions CZK mil
Extra and Other Cost CZK mil
Pre-Tax Profit CZK mil
Tax CZK mil
Minorities CZK mil
Net Profit CZK mil
Dividends CZK mil
                      1,975 2,033 2,137 2,261 1,972    
                      675 743 698 592 563    
                      1,300 1,290 1,439 1,669 1,409    
                      371 387 357 361 433    
                      -49.5 -31.6 50.0 126 76.0    
                      1,621 1,645 1,846 2,156 1,918    
                      483 521 583 721 754    
                      82.2 69.9 95.0 97.0 117    
                      325 339 481 524 720    
                      890 930 1,159 1,342 1,591    
                      731 716 687 814 327    
                      288 446 401 333 290    
                      0.232 -0.753 0.000 0.000 0.000    
                      443 270 286 481 37.0    
                      96.6 61.1 56.0 98.0 14.0    
                      0.000 0.000 0.000 0.000 0.000    
                      346 209 230 383 23.0    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.000   ...

growth rates

...                     5.71% -0.700% 11.5% 16.0% -15.6%    
...                     0.595% 4.11% -7.66% 1.12% 19.9%    
...                     0.313% 1.48% 12.2% 16.8% -11.0%    
...                     5.08% 4.45% 24.6% 15.8% 18.6%    
...                     -4.94% -2.13% -4.00% 18.5% -59.8%    
...                     28.7% -39.0% 5.76% 68.2% -92.3%    
...                     28.0% -39.6% 9.86% 66.5% -94.0%    

market share

                      1.00% 0.984% 1.10% 1.28% 1.10%    
                      0.650% 0.326% 0.377% 0.607% 0.035%    
                      1.61% 1.66% 1.81% 2.05% 2.05%    
... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... ...
                      1.17% 1.14% 1.03% 1.27% 1.34%    

Download Data
balance sheet Unit
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

balance sheet

                      3,222 7,196 11,746 7,310 19,989    
                      3,550 4,895 3,462 2,068 2,296    
                      41,611 45,944 51,421 54,147 50,781    
... ... ... ... ... ... ... ...       7,791 9,298 12,298 14,785 16,322    
... ... ... ... ... ... ...         7,211 9,326 11,212 12,571 13,267    
... ... ... ... ...             580 661 1,086 2,214 3,055    
... ... ... ... ... ... ... ...       33,820 36,646 39,123 39,362 34,459    
                      2,974 2,579 3,089 2,203 2,564    
                      205 193 262 397 443    
                      51,790 61,312 70,472 66,860 76,609    
                      5,401 5,310 5,495 8,065 8,079    
                      0.000 0.000 0.000 0.000 0.000    
                      46,389 56,002 64,977 58,795 68,530    
                      8,722 6,927 4,488 7,063 6,513    
                      31,267 41,136 48,008 44,383 55,768    
... ... ... ... ... ... ...         11,762 14,475 16,079 16,614 30,016    
... ... ... ... ... ... ... ... ... ... ... ... 20,258 22,351 19,942 19,040    
... ... ... ... ... ... ... ... ... ... ... ... 16,025 21,808 19,386 19,721    
... ... ... ... ... ... ... ... ... ... ... ... 25,111 26,200 24,997 36,047    
                      5,313 6,493 9,400 6,034 5,769    
                      1,088 1,446 3,081 1,315 480    

asset quality

                      4,395 3,849 4,207 3,310 2,701    
                      42,626 47,177 53,008 55,600 52,048    
                      949 1,166 1,587 1,453 1,267    

growth rates

...                     6.29% 10.4% 11.9% 5.30% -6.22%    
... ... ... ... ... ... ... ... ...     8.30% 19.3% 32.3% 20.2% 10.4%    
... ... ... ... ... ... ... ...       10.5% 29.3% 20.2% 12.1% 5.54%    
... ... ... ... ... ...           -12.9% 14.0% 64.3% 104% 38.0%    
... ... ... ... ... ... ... ... ...     5.84% 8.36% 6.76% 0.611% -12.5%    
...                     4.98% 18.4% 14.9% -5.13% 14.6%    
...                     0.645% -1.69% 3.49% 46.8% 0.174%    
...                     5.44% 31.6% 16.7% -7.55% 25.7%    
... ... ... ... ... ... ... ...       7.81% 23.1% 11.1% 3.33% 80.7%    
... ... ... ... ... ... ... ... ... ... ... ... ... 10.3% -10.8% -4.52%    

market share

                      1.90% 2.04% 2.07% 2.08% 1.83%    
... ... ... ... ... ... ... ...       4.08% 4.39% 4.51% 4.50% 3.74%    
... ... ... ... ...             0.180% 0.205% 0.331% 0.674% 0.874%    
... ... ... ... ... ... ... ...       0.711% 0.821% 1.04% 1.20% 1.24%    
... ... ... ... ... ... ...         0.933% 1.15% 1.32% 1.40% 1.37%    
                      1.16% 1.32% 1.37% 1.26% 1.38%    
                      1.16% 1.46% 1.57% 1.29% 1.58%    
... ... ... ... ... ... ...         0.687% 0.818% 0.887% 0.864% 1.48%    
... ... ... ... ... ... ... ... ... ... ... ... 2.83% 2.88% 2.38% 2.07%    

Download Data
ratios Unit
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

ratios

                      6.44% 3.91% 4.26% 5.65% 0.285%    
                      0.685% 0.370% 0.349% 0.558% 0.032%    
                      1.76% 1.64% 1.76% 1.95% 2.22%    
                      54.9% 56.5% 62.8% 62.2% 83.0%    
                      13.2% 11.8% 15.8% 16.2% 17.5%    
... ... ... ... ... ... ... ... ... ... ... ... 11.3% 11.0% 16.1% 17.5%    
                      2.57% 2.28% 2.18% 2.43% 1.96%    
...                     2.41% 2.14% 2.09% 2.34% 1.86%    
                      3.91% 3.60% 3.24% 3.29% 2.75%    
...                     1.49% 1.45% 1.15% 0.957% 0.884%    
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.000%   ...
                      80.1% 78.4% 78.0% 77.4% 73.5%    
                      22.9% 23.5% 19.3% 16.7% 22.6%    
                      -3.05% -1.92% 2.71% 5.84% 3.96%    
                      3,575 3,323 3,454 3,408 3,112    
                      63,232 64,990 67,571 72,828 74,271    
                      54.3% 56.0% 50.3% 53.7% 47.4%    
                      10.4% 8.66% 7.80% 12.1% 10.5%    
                      133% 112% 107% 122% 91.1%    
                      80.3% 74.9% 73.0% 81.0% 66.3%    
                      10.3% 8.16% 7.94% 5.95% 5.19%    
                      21.6% 30.3% 37.7% 43.9% 46.9%    
                      2.28% 2.54% 3.09% 2.68% 2.50%    
                      0.713% 1.02% 0.824% 0.631% 0.553%    

Download Data
other data Unit
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

other data

                      24.0 24.0 22.0 27.0 29.0    
                      637 668 719 825 846    
... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... ...
... ... ... ... ...             0.056 0.054 0.059 0.076 0.109    
... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... ...
... ... ... ... ... ... ... ... ... ... ... ... 39.0% 45.4% 43.7% 35.4%    
... ... ... ... ... ... ... ... ... ... ... ... 43,578 47,032 46,756 45,071    

Download Data
Comparison of 22 Banks in Czech Republic

This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the

Read more »

This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.

The file contains data of following banks:

If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

Comparison of 24 Banks in Czech Republic

This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking

Read more »

This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.

The file contains data of following banks:

If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

Sberbank Czech Republic in Quarterly Numbers

This Quarterly statistical dossier offers a summary of Sberbank Czech Republic's performance between Dec 03 and Sep 18 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset

Read more »

This Quarterly statistical dossier offers a summary of Sberbank Czech Republic's performance between Dec 03 and Sep 18 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.

In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track Sberbank CR's market position in mortgage or consumer lending.

If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Comparison of 7 Companies within Sberbank Group

This Annual Statistical Dossier offers a comparison of 7 banks from Sberbank Group from 1997 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the

Read more »

This Annual Statistical Dossier offers a comparison of 7 banks from Sberbank Group from 1997 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.

The file contains data of following banks:

If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier.

Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

Sberbank Czech Republic in Numbers

This Annual statistical dossier offers a summary of Sberbank Czech Republic's performance between 2000 and 2017 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality,

Read more »

This Annual statistical dossier offers a summary of Sberbank Czech Republic's performance between 2000 and 2017 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.

In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track Sberbank CR's market position in mortgage or consumer lending.

If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Czech Banking - Analysis of 3Q2014

This report analyses the main trends in the Czech banking with a special focus on the 3Q2014's performance. In the 108-page report, you will find all the necessary details regarding profitability of the sector, breakdown and trends of the volume growth, market share, margin and asset quality development in the sector and within the particular segments of the market.

In

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This report analyses the main trends in the Czech banking with a special focus on the 3Q2014's performance. In the 108-page report, you will find all the necessary details regarding profitability of the sector, breakdown and trends of the volume growth, market share, margin and asset quality development in the sector and within the particular segments of the market.

In addition, you will find here financials and market share of the 20 banks we cover in the Czech Republic including all key ratios describing their business. The report includes 446 charts and 40 tables.

The key points are:

  • Czech commercial banks announced a net profit of CZK 14,387 mil in the third quarter of the year, up 3.5% compared to the same period last year. In the first nine months of the year, however, the banks' profit dropped 0.8% yoy to CZK 50,258 mil. This implies an annualised ROE of 11.6% for the last 12 months.
  • Loans grew 0.6% qoq (or 5.2% yoy) in the third quarter. Mortgages still drive the volume growth (creating 90% of the loan growth in the 3rd quarter and 57% ytd) while corporate loans and consumer lending stagnate.
  • The weak momentum is especially disappointing as the economy picks up. Banks are overcapitalized (CAR at 18%) and have plenty of cheap deposits to play with (with loans accounting for 76% of deposits only).
  • In addition, asset quality remains of little concern. Non-performing loans account for 6.2% of total loans while half of them are covered by loan provisions.
  • The trio of the largest banks (Sporitelna, CSOB and Komercni Banka) created 70% of the quarterly profit and 66% of loan growth in the third quarter of the year. Despite losing market share in revenue or overall assets, their market dominance continues. On the other hand, small players finally seem to be challenging the "boring" status quo.

You might also find all banks' financials in the Company section at www.helgilibrary.com/companies, and key charts for each bank at www.helgilibrary.com/charts.

The report is free to download, just register at our webpage.

Sberbank CZ - Analysis of 3Q2014 Performance

This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.

The key highlights are:

Sberbank's momentum is positive...

Sberbank CZ reported a net profit of CZK 61 mil. in 3Q14 compared

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This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.

The key highlights are:

Sberbank's momentum is positive...

Sberbank CZ reported a net profit of CZK 61 mil. in 3Q14 compared to a loss of CZK 13 mil. a year ago. With a 16% yoy growth in revenue, 10% yoy growth in operating profit and a double-digit increase in loans and deposits, the bank's momentum is clearly positive:

Low profitability (ROE remains below 5%) and weak cost efficiency (with a cost to income ratio at above 60%) suggest there is still a long way to go to catch up with the sector average.

A lack of non-interest income generation and relatively high costs are the two single stand-out issues when looking at the bank's income statement.

...as more market share gains are made

Sberbank continues to gain market share. In 3Q2014, the bank grew its loan book 5.7% qoq, or 17.4% yoy, more than three times as fast as the whole market. This could have been inflated by a loan provided to Slovenske Elektrarne, but the trend is clear:

Loan growth is fortunately matched on the deposit side. Funding remains stretched (LDR remains one of the highest), but manageable.

Solid capitalization and asset quality

Following the hefty capital injection in 2Q14, the bank seems to be well-equipped to continue with the aggressive approach seen in the past quarters.

Nor does asset quality seem to be a problem. The share of non-performing loans dropped to 6.4% of total loans at the end of September, the lowest figure within the last six years.

In addition, provision coverage increased to 44% within the quarter from 34%, so the bank seems to be close to the market average in asset quality ratios.

You will find more details about the bank at www.helgilibrary.com/companies

Sberbank Czech Republic at a Glance

Sberbank CZ (known as Volksbank by February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian

Read more »

Sberbank CZ (known as Volksbank by February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian owner. The bank seems to be fairly cost efficient given its relatively small size (with costs accounting for 53% of income in the last 5 years), though profitability remains low (average ROE of around 5% only) thanks mainly to high cost of risk. Expansion led by the new owner will be interesting to watch for in the near future, especially, in the area of retail banking where the bank plans to double size of its branch network and to gain a 5% market share.

This report offers a summary of the company's performance in 2000-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.

In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector

Sberbank Czech Republic in Numbers

Sberbank CZ (known as Volksbank by February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian

Read more »

Sberbank CZ (known as Volksbank by February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian owner.

The bank seems to be fairly cost efficient given its relatively small size (with costs accounting for 53% of income in the last 5 years), though profitability remains low (average ROE of around 5% only) thanks mainly to high cost of risk.

This excel file offers a summary of the company's performance in between 1Q2007-1Q2013 on the quarterly and in 2003-2012 on the annual basis. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the file provides a detailed overview of the bank's market position in the comparison with the overall banking sector

Sberbank Czech Republic at a Glance

Sberbank CZ (known as Volksbank by February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian

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Sberbank CZ (known as Volksbank by February 2013) has been operating on the Czech market since 1993. It is one of small Czech banks with a 1-2% market share in assets, loans and deposits. Through a network of 24 branches and nearly 700 employees, it serviced more than 30,000 clients at the end of 2012, the year when the operations have been taken over by the Russian owner.

The bank seems to be fairly cost efficient given its relatively small size (with costs accounting for 53% of income in the last 5 years), though profitability remains low (average ROE of around 5% only) thanks mainly to high cost of risk.

This report offers a summary of the company's performance in 2001-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector.

Sberbank Czech Republic - Analysis of Mortgage Lending in 1Q13

This report analyses the housing lending in the Czech Republic for the 1Q2013. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage

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This report analyses the housing lending in the Czech Republic for the 1Q2013. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage busines for each bank.

This report focuses specifically on development in Sberbank CZ in the 1Q2013. The key highlights are:

Sberbank continues to march ahead...

Sberbank is continuing with the aggressive approach towards mortgage lending it started about a year ago. In 1Q13, mortgage loans increased by a further 3.0% qoq, while annual growth remained strong at 18.9% yoy in the last four quarters. That is compared to a market which grew 1% qoq and 6.3% yoy.

... although still from a low starting-point

Despite the fact that the bank (formerly known as and owned by Volksbank) was taken over by Russia’s Sberbank only last year, the bank has not taken any time out. 2012 was a very strong year, while the bank seems to have been speeding up its growth.

From having 0.9% of the mortgage market at the end of 2007, Sberbank was holding 1.26% of the total at the end of March 2013. This is a 137% overall increase, implying an annual growth of over 18%.

In terms of new production, the bank sold more than 2% of the new mortgages generated on the market in the second half of 2012 and 1Q13. When the net change in the overall mortgage loan book is taken as the basis, Sberbank’s market share had already reached 3.4% in 4Q12 and 1Q13.

When compared to its nearest peers, Sberbank seems to be one of the most aggressive small players.

Mortgages – around 15% of Sberbank’s profit?

Residential mortgage loans represented nearly a fifth of Sberbank’s total loans at the end of March 2013. Although this is 7% higher than five years ago, it is still relatively low compared to the market (over 29%), or Raiffeisenbank (35%), for example.

When Hypoteční banka’s financials are taken as a benchmark (for more details see page 9), we believe mortgage lending business generates around 15% of Sberbank’s overall operating profitability now.  This is less than the 24% of Raiffeisenbank and 20% of ČSOB, the two universal banks most exposed to the mortgage business, but more than the 10-15% we calculated for UniCredit Bank.

Thanks mainly to the one-off losses the bank made in 4Q12, share of profit coming from the mortgage lending business increased to over 30% in the last four quarters ended in March 2013, on our calculations

Analysis of Mortgage Lending in 1Q13

This report analyses the housing lending in the Czech Republic for the 1Q2013. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage

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This report analyses the housing lending in the Czech Republic for the 1Q2013. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage business for each bank.

This report provides a summary of the development in the 1Q2013. The key highlights are:

  • Mortgage loans increased by less than 1% qoq in the seasonally weakest quarter of the year, but the overall momentum stabilized. The annual increase remained unchanged at 6.3% yoy and sales of new loans of CZK 27.8 bil were nearly as high as in the same quarter last year:
  • Mortgage loans reached 18.2% of GDP at the end of March 2013, or more than a third of bank loans when other housing loans are included. Nearly 15% of Czech households have a mortgage loan now, while more than 14% of residential dwellings were financed through a mortgage loan, according to our calculations.
  • The average interest rate on mortgage loans continues to decline in line with the overall market trends. It reached 3.17% in 1Q13 while the average interest rate on the total mortgage loan stock dropped below 4.5%. This would imply that new loans were sold still with a decent 220 bp margin over a 5-year swap in 1Q13.
  • The share of non-performing loans increased slightly in the 1Q13, from 3.16% to 3.30% of total mortgage loans at the end of March. This is a result of the overall low indebtedness of Czech households, strict lending procedures and only a mild fall in real estate prices. Czech housing affordability remains one of the best in Europe.
  • As mortgage loans have grown to a sizable amount, the business  has become much more cost-efficient and profitable. We estimate mortgage business generates ROE of over 20% and contributes around 15% to the banking sector’s bottom line. LBBW and Raiffeisen seem to generate over 20% of their profits from mortgages when Hypoteční Banka’s results are taken as a guide.
  • The three largest banks (ČSOB, Česká Spořitelna and Komerční banka) further cemented their market position in 1Q13 taking their share to 65.4%.  ČSOB remains the leader closely followed by Spořitelna. In 1Q13, Raiffeisen confirmed its turnaround while GE Money Bank continued losing its market position the most.
Sberbank Czech Republic - Analysis of Mortgage Lending in 4Q12

This report analyses the housing lending in the Czech Republic for the 4Q2012. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage

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This report analyses the housing lending in the Czech Republic for the 4Q2012. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage business for each bank.

This report focuses specifically on development in Sberbank Czech Republic in the 4Q2012. The key highlights are:

  • Mortgage loan growth slowed down to 6.3% yoy, while sales of new mortgages dropped to last year’s level in 4Q12.
  • The top 3 banks further cemented their market position to over 65% in 2012. They sold more than 70% of the new mortgages in 4Q12.
  • ČSOB is the clear winner for the year 2012, while GE Money Bank and Raiffeisenbank lost the most.

Mortgage loans represented nearly 30% of all bank loans in 4Q12. The mortgage business generates around 15% of banks’ profits.

Sberbank continues to march ahead...

Sberbank is continuing with the aggressive approach towards mortgage lending it started about a year ago. In 4Q, mortgage loans increased by a further 3.7% qoq, while annual growth sped up to 19.8% yoy in 2012. That is compared to a market which grew 2% qoq and 6.3% yoy.

... although still from a low starting-point

Despite the fact that the bank (formerly known as and owned by Volksbank) was taken over by Russia’s Sberbank only last year, the bank has not taken any time out. 2012 was a very strong year, while the bank seems to have been speeding up its growth.

From having 0.9% of the mortgage market at the end of 2007, Sberbank was holding 1.2% of the total at the end of 2012. This is a 131% overall increase, implying an annual growth of 18.2%.

In terms of new production, the bank sold more than 2% of the new mortgages generated on the market in the second half of 2012. When the net change in the overall mortgage loan book is taken as the basis, Sberbank’s market share had already reached 3.4% in 4Q.

When compared to its nearest peers, Sberbank seems to be one of the most aggressive small players.

Mortgages – around 15% of Sberbank’s profit?

Residential mortgage loans represented nearly a fifth of Sberbank’s total loans at the end of 2012. Although this is 7% higher than five years ago, it is still relatively low compared to the market (over 29%), or Raiffeisenbank (35%), for example.

When Hypoteční banka’s financials are taken as a benchmark, we believe mortgage lending business generates around 15% of Sberbank’s overall profitability now. 

This is less than the 24% of Raiffeisenbank and 20% of ČSOB, the two universal banks most exposed to the mortgage business, but more than the 10-15% we calculated for UniCredit Bank

Based on a comparison of 23 banks in the Czech Republic in 2017, Moravsky Penezni Ustav had the highest share of bad loans, followed by PPF Banka and Fio banka.

Moravsky Penezni Ustav's non-performing loans reached 26.4% of total loans at

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Based on a comparison of 23 banks in the Czech Republic in 2017, Moravsky Penezni Ustav had the highest share of bad loans, followed by PPF Banka and Fio banka.

Moravsky Penezni Ustav's non-performing loans reached 26.4% of total loans at the end of 2017, up from 24.4% when compared to the previous year. Historically, the NPL ratio hit an all time high of 39.4% in 2015 and an all time low of 2.23% in 2008.

Provision coverage amounted to 13.8% at the end of 2017, up from 7.63% compared to a year earlier.

Comparing Moravsky Penezni Ustav with its closest peers, PPF Banka operated at the end of 2017 with NPL ratio of 13.8% and provision coverage of 22.6%, Fio banka with 11.8% and 32.7% and J&T Banka had 10.7% of bad loans covered with 39.3% by provisions at the end of 2017.

Non-performing loans of the whole Czechia’s banking sector amounted to 3.74% of total loans in 2017, down from 4.59% when compared to the last year.

You can see all the banks non-performing loans data on the NPLs (As % Of Loans) indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest fee income, followed by Komercni Banka and CSOB.

Ceska Sporitelna reported total fee income of CZK 2,252 mil, down 4.74%

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Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest fee income, followed by Komercni Banka and CSOB.

Ceska Sporitelna reported total fee income of CZK 2,252 mil, down 4.74% when compared to the previous quarter and down 6.71% when compared to the same period of last year. Historically, the bank’s fee income reached an all time high of CZK 3,220 mil in 4Q2011 and an all time low of CZK 1,384 mil in 1Q2001.

When compared to the nearest peers, Komercni Banka generated total fee income of CZK 1,629 mil, CSOB operated with CZK 1,508 mil fee income and UniCredit Czech Republic produced total fees worth CZK 837 mil.

You can see all the banks fee income data at Fee Income indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of CZK 9,481 mil, down 0.667%

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Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of CZK 9,481 mil, down 0.667% when compared to the previous quarter and down 4.26% when compared to the same period of last year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of CZK 12,013 mil in 2Q2009 and an all time low of CZK 4,937 mil in 1Q2001. The average revenue in the last five years amounted to CZK 10,284 mil.

Bank's total revenues accounted for 3.49% of total assets in 3Q2016, down from 4.13% a year earlier.

When compared to the nearest peers, CSOB generated total revenues of CZK 7,963 mil, or 2.98% of assets in 3Q2016, Komercni Banka operated with CZK 7,702 mil total income, or 3.20% revenue margin and UniCredit Czech Republic produced total income worth CZK 3,660 mil, or 2.40% of assets.

Czech banking sector generated total revenues of CZK 41,060 mil in 3Q2016, down 3.16% when compared to the last year. As a result, the top ranked company - Ceska Sporitelna accounted for 23.1% of the sector’s total income in 3Q2016. The top 3 companies held a 61.2% share while the five largest firms some 76.7% in 3Q2016.

You can see all the banks revenues data at Total Revenues indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, PPF Banka was paying its employees the best, followed by Moravsky Penezni Ustav and Expobank Czech Republic.

PPF Banka employed 214 persons in 3Q2016, down 9.80%

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Based on a comparison of 21 banks in the Czech Republic in 3Q2016, PPF Banka was paying its employees the best, followed by Moravsky Penezni Ustav and Expobank Czech Republic.

PPF Banka employed 214 persons in 3Q2016, down 9.80% when compared to the previous quarter and up 6.53% when compared to the same period of last year. Historically, the bank's workforce hit an all time high of 217 persons in 2Q2016 and an all time low of 124 in 4Q2009.

Average cost reached CZK 125,454 per month per employee, 6.53% more than a year ago.

Staff accounted for 44.4% of total operating expenditures in 3Q2016.

When compared to bank's main peers, Moravsky Penezni Ustav had 104 employees with average cost of CZK 93,115 per month per person, Expobank Czech Republic operated with 198 people (and CZK 89,262 per month per employee) and UniCredit Czech Republic had 2,988 employees in 3Q2016 with cost of CZK 88,267 per month per head.

The average staff cost per employee reached CZK 75,187 per month in the Czech banking sector in 3Q2016.

You can see all the banks cost per employee data at Cost Per Employee indicator page or you can download a report on the Czech banks in the report section.

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Sberbank CR's net profit fell 43.8% to CZK 59.1 mil in 3Q2018
Sberbank CR's net interest margin rose 6.07% to 2.24% in 3Q2018
Sberbank CR's capital adequacy ratio rose 2.41% to 16.0% in 3Q2018
Sberbank CR's net interest income rose 4.37% to CZK 447 mil in 3Q2018
Sberbank CR's costs (as % of assets) rose 1.34% to 1.94% in 3Q2018
Sberbank CR's corporate loans fell 2.17% to CZK 33,797 mil in 3Q2018
Sberbank CR's mortgage loans rose 33.5% to CZK 22,758 mil in 2017
Sberbank CR's customer deposits rose 15.0% to CZK 64,129 mil in 2017
Sberbank CR's net profit rose 55.9% to CZK 424 mil in 2017
Sberbank CR's customer loans rose 8.76% to CZK 60,483 mil in 2017
Sberbank CR's total revenues rose 11.7% to CZK 2,204 mil in 2017
Sberbank CR's employees rose 8.45% to 924 in 2017
Sberbank CR's net interest margin rose 3.57% to 2.15% in 2017
Sberbank CR's consumer loans rose 20.3% to CZK 5,123 mil in 2017
Sberbank CR's retail deposits fell 0.791% to CZK 29,358 mil in 2017
Sberbank CR's corporate deposits rose 21.2% to CZK 22,286 mil in 2017
Sberbank CR's npls (as % of loans) rose 0.438% to 5.76% in 2017
Sberbank CR's net interest income rose 6.95% to CZK 1,646 mil in 2017
Sberbank CR's capital adequacy ratio fell 0.665% to 16.4% in 2017
Sberbank CR's costs (as % of assets) rose 0.715% to 1.90% in 2017
Sberbank CR's corporate loans fell 1.48% to CZK 33,797 mil in 2017
Sberbank CR's retail loan growth rose 0.941% to 30.8% in 2017
Sberbank CR's customer loan growth fell 7.97% to 8.76% in 2017