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Sberbank Czech Republic

Sberbank CR's npls (as % of loans) rose 76.4% yoy to 2.89% in 1Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's non-performing loans reached 2.89% of total loans at the end of 2021-03-31, up from 1.64% compared to t...

Sberbank CR's net interest margin rose 10.0% yoy to 1.81% in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's net interest margin amounted to 1.81% in the third quarter of 2021, up from 1.53% when compared to the...

Sberbank CR's customer loans rose 1.14% yoy to CZK 59,721 mil in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's customer loans reached CZK 59,721 mil in 2021-09-30, down 0.690% compared to the previous year. Czech...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 1,780 1,787 1,523
Net Fee Income CZK mil 418 426 324
Other Income CZK mil 151 269 89.0
Total Revenues CZK mil 2,349 2,482 1,936
Staff Cost CZK mil 979 885 763
Operating Profit CZK mil 772 996 560
Provisions CZK mil 294 320 538
Net Profit CZK mil 377 539 19.0
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 1,890 3,033 3,168
Customer Loans CZK mil 62,902 63,059 61,360
Investments CZK mil 1,086 421 929
Total Assets CZK mil 79,755 83,710 89,404
Shareholders' Equity CZK mil 8,702 9,243 9,245
Interbank Borrowing CZK mil 2,971 2,397 467
Customer Deposits CZK mil 66,088 69,568 78,131
Issued Debt Securities CZK mil 1,193 995 0
Ratios 2018 2019 2020
ROE % 4.32 6.01 0.206
ROA % 0.468 0.659 0.022
Costs (As % Of Assets) % 1.96 1.82 1.59
Costs (As % Of Income) % 67.1 59.9 71.1
Capital Adequacy Ratio % 16.2 16.6 17.2
Net Interest Margin % 2.21 2.19 1.76
Loans (As % Of Deposits) % 95.2 90.6 78.5
NPLs (As % Of Loans) % 2.63 1.54 2.14
Provisions (As % Of NPLs) % 112 157 141
Growth Rates 2018 2019 2020
Total Revenue Growth % 6.58 5.66 -22.0
Operating Cost Growth % 8.46 -5.77 -7.40
Operating Profit Growth % 2.93 29.0 -43.8
Net Profit Growth % -11.1 43.0 -96.5
Customer Loan Growth % 4.00 0.250 -2.69
Total Asset Growth % -2.10 4.96 6.80
Customer Deposit Growth % 3.05 5.27 12.3
Shareholders' Equity Growth % -0.594 6.22 0.022
Employees 840 746 701

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                          
Net Interest Income CZK mil                             1,669 1,409 1,539 1,646 1,780    
Total Revenues CZK mil                             2,156 1,918 1,974 2,204 2,349    
Operating Profit CZK mil                             814 327 576 750 772    
Net Profit CZK mil                             383 23.0 272 424 377    
balance sheet                                          
Interbank Loans CZK mil                             2,068 2,296 1,955 1,892 1,890    
Customer Loans CZK mil                             54,147 50,781 55,613 60,483 62,902    
Investments CZK mil                             2,203 2,564 358 498 1,086    
Total Assets CZK mil                             66,860 76,609 71,965 81,464 79,755    
                                             
Shareholders' Equity CZK mil                             8,065 8,079 8,330 8,754 8,702    
Interbank Borrowing CZK mil                             7,063 6,513 3,467 5,387 2,971    
Customer Deposits CZK mil                             44,383 55,768 55,787 64,129 66,088    
Issued Debt Securities CZK mil                             6,034 5,769 3,481 2,093 1,193    
ratios                                          
ROE % ...                           5.65 0.285 3.32 4.96 4.32    
ROA % ...                           0.558 0.032 0.366 0.553 0.468    
Costs (As % Of Assets) % ...                           1.95 2.22 1.88 1.90 1.96    
Costs (As % Of Income) %                             62.2 83.0 70.8 66.0 67.1    
Capital Adequacy Ratio %                             16.2 17.5 16.6 16.4 16.2    
Net Interest Margin % ...                           2.43 1.96 2.07 2.15 2.21    
Interest Income (As % Of Revenues) %                             77.4 73.5 78.0 74.7 75.8    
Fee Income (As % Of Revenues) %                             16.7 22.6 18.5 18.5 17.8    
Staff Cost (As % Of Total Cost) %                             53.7 47.4 59.2 60.1 62.1    
Equity (As % Of Assets) %                             12.1 10.5 11.6 10.7 10.9    
Loans (As % Of Deposits) %                             122 91.1 99.7 94.3 95.2    
Loans (As % Assets) %                             81.0 66.3 77.3 74.2 78.9    
NPLs (As % Of Loans) %                             5.95 5.19 5.74 5.43 2.63    
Provisions (As % Of NPLs) %                             43.9 46.9 35.1 35.7 112    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                          
Interest Income CZK mil                             2,261 1,972 1,920 1,909 2,092    
Interest Cost CZK mil                             592 563 381 263 312    
Net Interest Income CZK mil                             1,669 1,409 1,539 1,646 1,780    
Net Fee Income CZK mil                             361 433 365 408 418    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                             126 76.0 70.0 150 151    
Total Revenues CZK mil                             2,156 1,918 1,974 2,204 2,349    
Staff Cost CZK mil                             721 754 828 874 979    
Depreciation CZK mil                             97.0 117 106 109 143    
Other Cost CZK mil                             524 720 464 471 455    
Operating Cost CZK mil                             1,342 1,591 1,398 1,454 1,577    
Operating Profit CZK mil                             814 327 576 750 772    
Provisions CZK mil                             333 290 240 219 294    
Extra and Other Cost CZK mil                             0 0 0 0 0    
Pre-Tax Profit CZK mil                             481 37.0 336 531 478    
Tax CZK mil                             98.0 14.0 64.0 107 101    
Minorities CZK mil                             0 0 0 0 0    
Net Profit CZK mil                             383 23.0 272 424 377    
Net Profit Avail. to Common CZK mil                             383 23.0 272 424 377    
growth rates                                          
Net Interest Income Growth % ...                           16.0 -15.6 9.23 6.95 8.14    
Net Fee Income Growth % ...                           1.12 19.9 -15.7 11.8 2.45    
Total Revenue Growth % ...                           16.8 -11.0 2.92 11.7 6.58    
Operating Cost Growth % ...                           15.8 18.6 -12.1 4.01 8.46    
Operating Profit Growth % ...                           18.5 -59.8 76.1 30.2 2.93    
Pre-Tax Profit Growth % ...                           68.2 -92.3 808 58.0 -9.98    
Net Profit Growth % ...                           66.5 -94.0 1,083 55.9 -11.1    
market share                                          
Market Share in Revenues %                             1.28 1.10 1.10 1.23 1.23 ... ...
Market Share in Net Profit %                             0.607 0.035 0.370 0.563 0.463 ... ...
Market Share in Employees %                             2.04 2.05 2.08 2.21 2.01 ... ...
Market Share in Branches %                             1.22 1.34 1.37 1.44 1.28 ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                          
Cash & Cash Equivalents CZK mil                             7,310 19,989 12,975 17,439 12,165    
Interbank Loans CZK mil                             2,068 2,296 1,955 1,892 1,890    
Customer Loans CZK mil                             54,147 50,781 55,613 60,483 62,902    
Retail Loans CZK mil ... ... ... ... ... ... ...               14,785 16,322 21,309 27,881 33,791    
Mortgage Loans CZK mil ... ... ... ... ... ... ...               12,571 13,267 17,049 24,039 28,952    
Consumer Loans CZK mil ... ... ... ... ...                   2,214 3,055 4,260 3,842 4,839    
Corporate Loans CZK mil ... ... ... ... ... ... ...               39,362 34,459 34,304 33,797 31,019    
Investments CZK mil                             2,203 2,564 358 498 1,086    
Property and Equipment CZK mil                             397 443 550 740 893    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                             66,860 76,609 71,965 81,464 79,755    
                                             
Shareholders' Equity CZK mil                             8,065 8,079 8,330 8,754 8,702    
Of Which Minority Interest CZK mil                             0 0 0 0 0    
Liabilities CZK mil                             58,795 68,530 63,635 72,710 71,053    
Interbank Borrowing CZK mil                             7,063 6,513 3,467 5,387 2,971    
Customer Deposits CZK mil                             44,383 55,768 55,787 64,129 66,088    
Retail Deposits CZK mil ... ... ... ... ... ...                 16,614 30,016 29,592 29,358 29,173    
Corporate Deposits CZK mil ... ... ... ... ... ...                 19,942 19,040 18,391 22,286 23,393    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ...     19,386 19,721 20,968 25,405 25,048   ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ...     24,997 36,047 34,819 38,724 41,040   ...
Issued Debt Securities CZK mil                             6,034 5,769 3,481 2,093 1,193    
Other Liabilities CZK mil                             1,315 480 900 1,101 801    
asset quality                                          
Non-Performing Loans CZK mil                             3,310 2,701 3,257 3,350 1,704    
Gross Loans CZK mil                             55,600 52,048 56,755 61,678 64,810    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ...     46,756 45,071 48,217 50,619 48,000    
Total Provisions CZK mil                             1,453 1,267 1,142 1,195 1,908    
growth rates                                          
Customer Loan Growth % ...                           5.30 -6.22 9.52 8.76 4.00    
Retail Loan Growth % ... ... ... ... ... ... ... ...             20.2 10.4 30.6 30.8 21.2    
Mortgage Loan Growth % ... ... ... ... ... ... ... ...             12.1 5.54 28.5 41.0 20.4    
Consumer Loan Growth % ... ... ... ... ... ...                 104 38.0 39.4 -9.81 26.0    
Corporate Loan Growth % ... ... ... ... ... ... ... ...             0.611 -12.5 -0.450 -1.48 -8.22    
Total Asset Growth % ...                           -5.13 14.6 -6.06 13.2 -2.10    
Shareholders' Equity Growth % ...                           46.8 0.174 3.11 5.09 -0.594    
Customer Deposit Growth % ...                           -7.55 25.7 0.034 15.0 3.05    
Retail Deposit Growth % ... ... ... ... ... ... ...               3.33 80.7 -1.41 -0.791 -0.630    
Corporate Deposit Growth % ... ... ... ... ... ... ...               -10.8 -4.52 -3.41 21.2 4.97    
market share                                          
Market Share in Customer Loans %                             2.06 1.83 1.88 1.96 1.90    
Market Share in Corporate Loans % ... ... ... ... ... ... ...               4.50 3.74 3.52 3.31 2.87    
Market Share in Retail Loans % ... ... ... ... ...                   0.670 0.868 1.16 1.01 1.21    
Market Share in Consumer Loans % ... ... ... ... ... ... ...               1.20 1.23 1.50 1.82 2.05    
Market Share in Mortgage Loans % ... ... ... ... ... ... ...               1.40 1.37 1.62 2.09 2.32    
Market Share in Total Assets %                             1.24 1.38 1.20 1.15 1.09    
Market Share in Customer Deposits %                             1.29 1.58 1.48 1.54 1.49    
Market Share in Retail Deposits % ... ... ... ... ... ...                 0.864 1.48 1.34 1.24 1.14    
Market Share in Corporate Deposits % ... ... ... ... ... ...                 2.38 2.07 2.01 2.24 2.25    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
ROE % ...                           5.65 0.285 3.32 4.96 4.32    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     5.44 0.334 3.89 5.72 5.10    
ROA % ...                           0.558 0.032 0.366 0.553 0.468    
Return on Loans % ...                           0.726 0.044 0.511 0.730 0.611    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     1.74 0.712 1.23 1.52 1.57    
Costs (As % Of Assets) % ...                           1.95 2.22 1.88 1.90 1.96    
Costs (As % Of Income) %                             62.2 83.0 70.8 66.0 67.1    
Costs (As % Of Loans) % ...                           2.54 3.03 2.63 2.50 2.56    
Costs (As % Of Loans & Deposits) % ...                           1.36 1.55 1.28 1.23 1.24    
Capital Adequacy Ratio %                             16.2 17.5 16.6 16.4 16.2    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ...     16.1 17.5 16.2 16.1 15.8    
Net Interest Margin % ...                           2.43 1.96 2.07 2.15 2.21    
Interest Spread % ...                           2.34 1.86 2.01 2.10 2.16    
Asset Yield % ...                           3.29 2.75 2.58 2.49 2.60    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     4.60 4.18 4.23 4.46 4.76    
Cost Of Liabilities % ...                           0.957 0.884 0.577 0.386 0.434    
Interest Income (As % Of Revenues) %                             77.4 73.5 78.0 74.7 75.8    
Fee Income (As % Of Revenues) %                             16.7 22.6 18.5 18.5 17.8    
Other Income (As % Of Revenues) %                             5.84 3.96 3.55 6.81 6.43    
Staff Cost (As % Of Total Cost) %                             53.7 47.4 59.2 60.1 62.1    
Equity (As % Of Assets) %                             12.1 10.5 11.6 10.7 10.9    
Equity (As % Of Loans) %                             14.9 15.9 15.0 14.5 13.8    
Loans (As % Of Deposits) %                             122 91.1 99.7 94.3 95.2    
Loans (As % Assets) %                             81.0 66.3 77.3 74.2 78.9    
NPLs (As % Of Loans) %                             5.95 5.19 5.74 5.43 2.63    
Provisions (As % Of NPLs) %                             43.9 46.9 35.1 35.7 112    
Provisions (As % Of Loans) %                             2.68 2.50 2.05 1.98 3.03    
Cost of Provisions (As % Of Loans) % ...                           0.631 0.553 0.451 0.377 0.477    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Branches                             27.0 29.0 28.0 28.0 25.0    
Employees                             825 846 852 924 840    
Employees Per Bank Branch                             30.6 29.2 30.4 33.0 33.6    
Cost Per Employee USD per month                             3,408 3,112 3,210 3,359 4,439    
Cost Per Employee (Local Currency) CZK per month                             72,828 74,271 80,986 78,824 97,123    
customer breakdown Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Customers mil ... ... ... ... ...                   0.076 0.109 0.108 0.113 0.117    
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ...   0.010 0.010 0.013 0.017 0.020    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ...   1,266,000 1,282,000 1,352,000 1,393,000 1,451,000    
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ...   13.0 9.45 11.6 15.3 17.0    
Revenue per Customer (Local Currency) CZK ... ... ... ... ...                   28,317 17,518 18,226 19,581 20,060    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...                   5,030 210 2,511 3,767 3,219    
Loan per Customer (Local Currency) CZK ... ... ... ... ...                   711,179 463,808 513,461 537,345 537,165    
Deposit per Customer (Local Currency) CZK ... ... ... ... ...                   582,936 509,357 515,068 569,737 564,372    
Revenue per Customer USD ... ... ... ... ...                   1,325 734 722 834 917    
Net Profit per Customer USD ... ... ... ... ...                   235 8.80 99.5 161 147    
Loan per Customer USD ... ... ... ... ...                   31,037 18,684 20,027 25,238 23,910    
Deposit per Customer USD ... ... ... ... ...                   25,440 20,519 20,089 26,760 25,121    

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Sberbank CR's customer deposits fell 5.55% yoy to CZK 74,165 mil in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's customer deposits reached CZK 74,165 mil in 2021-09-30, down 2.58% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,949 bil in 2021-09-30, up 1.60% when compared to the last year. Sberbank C...

Sberbank CR's capital adequacy ratio rose 5.15% yoy to 17.6% in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's capital adequacy ratio reached 17.6% at the end of third quarter of 2021, up from 17.5% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 17.6% in 3Q2021 and an all time low of 11.4% in 3...

Sberbank CR's retail loans rose 1.81% yoy to CZK 35,453 mil in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's retail loans reached CZK 35,453 mil in the third quarter of 2021, up 1.89% compared to the previous year. Czech banking sector provided retail loans of CZK 1,991 bil in 3Q2021, up 2.84% when compared to the last year. Sberbank Cz...

Sberbank CR's net profit rose 1,071% yoy to CZK 80.1 mil in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic made a net profit of CZK 80.1 mil in the third quarter of 2021, up 1% when compared to the same period of last year. This implies a return on equity of 3.46%. Historically, the bank’s net profit reached an all time high of CZK 217 mil in 3...

Sberbank CR's net profit rose 1,071% yoy to CZK 80.1 mil in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic made a net profit of CZK 80.1 mil under revenues of CZK 519 mil in the third quarter of 2021, up 1% and 17.6% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK ...

Sberbank CR's total revenues rose 17.6% yoy to CZK 519 mil in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic generated total banking revenues of CZK 519 mil in 2021-09-30, down 3.50% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 45,285 mil in 2021-09-30, down 2.23% when compared to ...

Sberbank CR's employees fell 0.857% yoy to 694 in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic employed 694 persons in 2021-09-30, down 0.144% when compared to the previous year. Historically, the bank's workforce hit an all time high of 924 persons in 2017-12-31 and an all time low of 622 in 2010-12-31. Average cost reached USD 4,54...

Sberbank CR's retail deposits remain unchanged yoy at CZK 35,681 mil in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's retail deposits reached CZK 35,681 mil in 2021-09-30, down 2.08% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,258 bil in 2021-09-30, up 1.01% when compared to the last year. Sberbank Czech...

Sberbank Czech Republic - Quarterly Loan Breakdown

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's loans reached in the first quarter of 1970, down from when compared to the previous quarter and down from when compared to the same period of last year. Historically, the bank’s loans reached an all time high of CZK ...

Sberbank CR's costs (as % of assets) rose 9.66% yoy to 1.71% in 3Q2021

By Helgi Analytics - March 4, 2022

Sberbank Czech Republic's cost to income ratio reached 70.9% in the third quarter of 2021, up from 65.4% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 103% of income in 3Q2015 and an all time low of 44.2% i...

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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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Finance

Sberbank Czech Republic has been growing its revenues and asset by 1.82% and 6.13% a year on average in the last 10 years. Its loans and deposits have grown by 4.60% and 10.2% a year during that time and loans to deposits ratio reached 78.5% at the end of 2020. The company achieved an average return on equity of 3.93% in the last decade with net profit growing -23.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 71.1% in 2020, compared to 65.4% average in the last decade.

Equity represented 10.3% of total assets or 15.1% of loans at the end of 2020. Sberbank Czech Republic's non-performing loans were 2.14% of total loans while provisions covered some 141% of NPLs at the end of 2020.