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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 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.

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 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

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 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 15 banks in the Czech Republic in 2017, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of 1,593, up 1.82% compared to the previous

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Based on a comparison of 15 banks in the Czech Republic in 2017, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of 1,593, up 1.82% 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 2,502 in 2008 and an all time low of 495 in 2000. The average revenue in the last five years amounted to 1,779.

Bank's total revenues accounted for 2.80% of total assets in 2017, up from 3.58% a year earlier.

Comparing Ceska Sporitelna with its closest peers, CSOB generated total revenues of 1,591, or 2.83% of assets in 2017, Komercni Banka operated with 1,329 total income, or 3.09% revenue margin and UniCredit Czech Republic produced total income worth 797, or 2.77% of assets.

Czech banking sector generated total revenues of 179,125 in 2017, down 0.589% when compared to the previous year. As a result, the top ranked company - Ceska Sporitelna accounted for 0.889% of the sector’s total income in 2017. The top 3 companies held a 2.52% share while the five largest firms some 3.21% in 2017.

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

Based on a comparison of 15 banks in the Czech Republic in 2016, Ceska Sporitelna was the largest deposit taker, followed by Komercni Banka and CSOB.

Ceska Sporitelna's customer deposits reached 32,278, up from 29,019, compared

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Based on a comparison of 15 banks in the Czech Republic in 2016, Ceska Sporitelna was the largest deposit taker, followed by Komercni Banka and CSOB.

Ceska Sporitelna's customer deposits reached 32,278, up from 29,019, compared to the previous year. Historically, the bank’s net profit reached an all time high of 37,991 in 2011 and an all time low of 9,136 in 2000.

Comparing Ceska Sporitelna with its closest peers, Komercni Banka's deposits amounted to 28,616 at the end of 2016, CSOB operated with 27,666 of customer deposits and UniCredit Czech Republic had clients' deposits of 15,187 at the end of 2016.

Czech banks had customer deposits of CZK 3,767 bil in 2016, up 7.00% when compared to the last year. As a result, the top ranked company - Ceska Sporitelna accounted for 0.857% of the sector’s deposits in 2016. The top 3 companies held a 2.35% share while the five largest firms some 3.00% in 2016.

You can see all the banks customers deposits data on the Customer Deposits indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 15 banks in the Czech Republic in 2017, Ceska Sporitelna was the largest deposit taker, followed by Komercni Banka and CSOB.

Ceska Sporitelna's customer deposits reached 37,783, up from 32,278, compared

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Based on a comparison of 15 banks in the Czech Republic in 2017, Ceska Sporitelna was the largest deposit taker, followed by Komercni Banka and CSOB.

Ceska Sporitelna's customer deposits reached 37,783, up from 32,278, compared to the previous year. Historically, the bank’s net profit reached an all time high of 37,991 in 2011 and an all time low of 9,136 in 2000.

Comparing Ceska Sporitelna with its closest peers, Komercni Banka's deposits amounted to 32,599 at the end of 2017, CSOB operated with 31,846 of customer deposits and UniCredit Czech Republic had clients' deposits of 15,420 at the end of 2017.

Czech banks had customer deposits of CZK 4,169 bil in 2017, up 10.7% when compared to the last year. As a result, the top ranked company - Ceska Sporitelna accounted for 0.906% of the sector’s deposits in 2017. The top 3 companies held a 2.45% share while the five largest firms some 3.08% in 2017.

You can see all the banks customers deposits data on the Customer Deposits indicator page or you can download a report on the Czech banks in the report section.

Based on a comparison of 15 banks in the Czech Republic in 2017, PPF Banka was paying its employees the best, followed by J&T Banka and Expobank Czech Republic.

PPF Banka employed 227 persons in 2017, up 8.10% when compared to the

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Based on a comparison of 15 banks in the Czech Republic in 2017, PPF Banka was paying its employees the best, followed by J&T Banka and Expobank Czech Republic.

PPF Banka employed 227 persons in 2017, up 8.10% when compared to the previous year. Historically, the bank's workforce hit an all time high of 227 persons in 2017 and an all time low of 64.0 in 2002.

Average cost reached 5,517 per employee, 3.74% less than a year ago. This figure was 5,459 some 10 years ago.

Staff accounted for 40.0% of total operating expenditures in 2017.

Comparing PPF Banka with its closest peers, J&T Banka had 730 employees with average cost of 5,294 per person, Expobank Czech Republic operated with 215 people (and 4,245 per employee) and Raiffeisenbank Czech Republic had 2,934 employees in 2017 with cost of 3,753 per head.

You can see all the banks cost per employee data on the 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 rose 54.8% to CZK 134 mil in 4Q2017
Sberbank CR's net profit rose 54.8% to CZK 134 mil in 4Q2017
Sberbank CR's net interest margin fell 3.74% to 2.00% in 4Q2017
Sberbank CR's capital adequacy ratio fell 2.95% to 16.4% in 4Q2017
Sberbank CR's net interest income fell 1.65% to CZK 403 mil in 4Q2017
Sberbank CR's corporate loans remain unchanged at CZK 33,797 mil in 4Q2017
Sberbank CR's costs (as % of assets) rose 9.10% to 1.94% in 4Q2017
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