Sberbank Serbia

Sberbank Serbia's customer deposits rose 6.96% to RSD 70,430 mil in 2017

By Helgi Analytics - September 18, 2018

Sberbank Serbia's customer deposits reached RSD 70,430 mil in 2017, up 6.96% compared to the previous year. Serbian banking sec...

Sberbank Serbia's total revenues rose 5.50% to RSD 6,205 mil in 2017

By Helgi Analytics - September 18, 2018

Sberbank Serbia generated total banking revenues of RSD 6,205 mil in 2017, up 5.50% compared to the previous year. Serbian...

Sberbank Serbia's customer loans rose 5.85% to RSD 73,953 mil in 2017

By Helgi Analytics - September 18, 2018

Sberbank Serbia's customer loans reached RSD 73,953 mil in 2017, up 5.85% compared to the previous year. Serbian banking sector...

Profit Statement 2015 2016 2017
Net Interest Income RSD mil 4,992 4,545 4,320
Fee Income (As % Of Revenues) % 15.2 14.7 19.7
Other Income RSD mil 435 471 665
Total Revenues RSD mil 6,404 5,881 6,205
Staff Cost RSD mil 1,278 1,372 1,318
Operating Profit RSD mil 2,090 2,401 2,707
Provisions RSD mil 2,673 1,967 1,908
Net Profit RSD mil -498 436 803
Balance Sheet 2015 2016 2017
Interbank Loans RSD mil 7,340 4,076 4,711
Customer Loans RSD mil 67,767 69,864 73,953
Debt Securities RSD mil 12,281 14,788 15,413
Total Assets RSD mil 106,836 108,158 116,033
Shareholders' Equity RSD mil 23,200 23,347 24,124
Interbank Borrowing RSD mil 21,843 16,037 18,550
Customer Deposits RSD mil 53,655 65,849 70,430
Issued Debt Securities RSD mil 6,710 1,852 1,778
Ratios 2015 2016 2017
ROE % -2.14 1.87 3.38
ROA % -0.462 0.406 0.716
Costs (As % Of Assets) % 4.01 3.24 3.12
Costs (As % Of Income) % 67.4 59.2 56.4
Capital Adequacy Ratio % ... ... ...
Net Interest Margin % 4.64 4.23 3.85
Loans (As % Of Deposits) % 126 106 105
Growth Rates 2015 2016 2017
Total Revenue Growth % -0.706 -8.16 5.50
Operating Cost Growth % 37.9 -19.3 0.488
Operating Profit Growth % -37.1 14.8 12.8
Net Profit Growth % -132 -188 84.1
Customer Loan Growth % -1.01 3.09 5.85
Total Asset Growth % -1.47 1.24 7.28
Customer Deposit Growth % 49.7 22.7 6.96
Shareholders' Equity Growth % -0.190 0.635 3.33
Employees ... ... 687

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summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Net Interest Income RSD mil             3,898 3,895 4,497 4,745 4,992    
Total Revenues RSD mil             4,890 4,979 5,854 6,450 6,404    
Operating Profit RSD mil             2,880 2,627 3,071 3,322 2,090    
Net Profit RSD mil             1,497 1,226 1,063 1,550 -498    
balance sheet                          
Interbank Loans RSD mil             15,527 12,420 7,797 19,670 7,340    
Customer Loans RSD mil             47,861 69,347 69,987 68,462 67,767    
Debt Securities RSD mil             13,177 11,629 10,050 11,696 12,281    
Total Assets RSD mil             80,017 101,884 99,422 108,431 106,836    
Shareholders' Equity RSD mil             18,133 20,530 21,573 23,244 23,200    
Interbank Borrowing RSD mil             40,441 44,612 33,202 41,745 21,843    
Customer Deposits RSD mil             16,436 29,302 36,872 35,852 53,655    
Issued Debt Securities RSD mil             0 0 19.5 6,655 6,710    
ratios                          
ROE %             8.61 6.34 5.05 6.92 -2.14    
ROA %             1.84 1.35 1.06 1.49 -0.462    
Costs (As % Of Assets) %             2.46 2.59 2.76 3.01 4.01    
Costs (As % Of Income) %             41.1 47.2 47.5 48.5 67.4    
Capital Adequacy Ratio % ... ... ... ... ... ... ... 16.6 ... ... ... ... ...
Net Interest Margin %             4.78 4.28 4.47 4.57 4.64    
Interest Income (As % Of Revenues) %             79.7 78.2 76.8 73.6 78.0    
Fee Income (As % Of Revenues) %             13.5 13.5 15.3 17.8 15.2    
Staff Cost (As % Of Total Cost) % ... ...         37.3 39.2 39.0 42.3 29.6    
Equity (As % Of Assets) %             22.7 20.2 21.7 21.4 21.7    
Loans (As % Of Deposits) %             291 237 190 191 126    
Loans (As % Assets) %             59.8 68.1 70.4 63.1 63.4    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                          
Interest Income RSD mil             5,302 5,605 6,113 6,197 6,485    
Interest Cost RSD mil             1,404 1,710 1,616 1,451 1,493    
Net Interest Income RSD mil             3,898 3,895 4,497 4,745 4,992    
Net Fee Income RSD mil             660 674 896 1,148 977    
Other Income RSD mil             332 410 461 556 435    
Total Revenues RSD mil             4,890 4,979 5,854 6,450 6,404    
Staff Cost RSD mil ... ...         750 921 1,085 1,323 1,278    
Depreciation RSD mil ... ...         158 141 133 143 149    
Other Cost RSD mil             1,101 1,289 1,565 1,662 2,887    
Operating Cost RSD mil             2,009 2,352 2,783 3,128 4,314    
Operating Profit RSD mil             2,880 2,627 3,071 3,322 2,090    
Provisions RSD mil             1,210 1,277 2,008 1,710 2,673    
Extra and Other Cost RSD mil             0 0 0 0 0    
Pre-Tax Profit RSD mil             1,670 1,350 1,063 1,612 -582    
Tax RSD mil             174 124 0 61.7 -84.4    
Minorities RSD mil             0 1,000 0 0 0    
Net Profit RSD mil             1,497 1,226 1,063 1,550 -498    
growth rates                          
Net Interest Income Growth % ...           15.3 -0.060 15.5 5.52 5.20    
Net Fee Income Growth % ...           -0.692 2.05 32.9 28.2 -15.0    
Total Revenue Growth % ...           15.7 1.82 17.6 10.2 -0.706    
Operating Cost Growth % ...           -0.772 17.0 18.3 12.4 37.9    
Operating Profit Growth % ...           30.8 -8.80 16.9 8.15 -37.1    
Pre-Tax Profit Growth % ...           52.3 -19.2 -21.2 51.6 -136    
Net Profit Growth % ...           54.2 -18.1 -13.3 45.8 -132    
market share                          
Market Share in Revenues %             2.97 2.94 3.60 3.69 3.49    
Market Share in Net Profit % ...           120 10.5 ... 68.1 ...    
Market Share in Employees % ... ... ... ... ... ... ... ... ... ... ... ...  
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                          
Cash RSD mil             2,884 7,822 9,202 6,897 17,490    
Interbank Loans RSD mil             15,527 12,420 7,797 19,670 7,340    
Customer Loans RSD mil             47,861 69,347 69,987 68,462 67,767    
Retail Loans RSD mil ... ... ... ... ... ... ... ... ... ... ...    
Corporate Loans RSD mil ... ... ... ... ... ... ... ... ... ... ...    
Debt Securities RSD mil             13,177 11,629 10,050 11,696 12,281    
Fixed Assets RSD mil             369 319 495 825 831    
Total Assets RSD mil             80,017 101,884 99,422 108,431 106,836    
Shareholders' Equity RSD mil             18,133 20,530 21,573 23,244 23,200    
Of Which Minority Interest RSD mil             0 0 0 0 0    
Liabilities RSD mil             61,884 81,355 77,850 85,188 83,636    
Interbank Borrowing RSD mil             40,441 44,612 33,202 41,745 21,843    
Customer Deposits RSD mil             16,436 29,302 36,872 35,852 53,655    
Retail Deposits RSD mil ... ... ... ... ... ... ... ... ... ... ...    
Corporate Deposits RSD mil ... ... ... ... ... ... ... ... ... ... ...    
Issued Debt Securities RSD mil             0 0 19.5 6,655 6,710    
Other Liabilities RSD mil             5,006 7,440 7,756 936 1,428    
asset quality                          
Gross Loans RSD mil ... ... ... ... ... ... ... ... ... ... ...    
Total Provisions RSD mil ... ... ... ... ... ... ... ... ... ... ...    
growth rates                          
Customer Loan Growth % ...           -21.0 44.9 0.924 -2.18 -1.01    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ...  
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ...  
Total Asset Growth % ...           -3.64 27.3 -2.42 9.06 -1.47    
Shareholders' Equity Growth % ...           8.96 13.2 5.08 7.75 -0.190    
Customer Deposit Growth % ...           -24.0 78.3 25.8 -2.77 49.7    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ...  
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ...  
market share                          
Market Share in Customer Loans %             2.41 3.08 3.17 2.87 2.69    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ...    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ...    
Market Share in Total Assets %             2.76 3.23 3.16 3.28 3.12    
Market Share in Customer Deposits %             1.19 1.91 2.31 2.09 2.93    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ...    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ...    
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                          
ROE %             8.61 6.34 5.05 6.92 -2.14    
ROA %             1.84 1.35 1.06 1.49 -0.462    
Costs (As % Of Assets) %             2.46 2.59 2.76 3.01 4.01    
Costs (As % Of Income) %             41.1 47.2 47.5 48.5 67.4    
Capital Adequacy Ratio % ... ... ... ... ... ... ... 16.6 ... ... ... ... ...
Net Interest Margin %             4.78 4.28 4.47 4.57 4.64    
Interest Spread % ...           4.31 3.78 4.04 4.18 4.26    
Asset Yield %             6.50 6.16 6.07 5.96 6.02    
Cost Of Liabilities % ...           2.19 2.39 2.03 1.78 1.77    
Interest Income (As % Of Revenues) %             79.7 78.2 76.8 73.6 78.0    
Fee Income (As % Of Revenues) %             13.5 13.5 15.3 17.8 15.2    
Other Income (As % Of Revenues) %             6.78 8.23 7.88 8.62 6.80    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ...  
Cost Per Employee (Local Currency) RSD per month ... ... ... ... ... ... ... ... ... ... ... ...  
Staff Cost (As % Of Total Cost) % ... ...         37.3 39.2 39.0 42.3 29.6    
Equity (As % Of Assets) %             22.7 20.2 21.7 21.4 21.7    
Loans (As % Of Deposits) %             291 237 190 191 126    
Loans (As % Assets) %             59.8 68.1 70.4 63.1 63.4    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...    
Cost of Provisions (As % Of Loans) %             2.23 2.18 2.88 2.47 3.92    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                          
Employees ... ... ... ... ... ... ... ... ... ... ... ...  

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Sberbank Serbia's net profit rose 84.1% to RSD 803 mil in 2017

By Helgi Analytics - September 18, 2018

Sberbank Serbia made a net profit of RSD 803 mil under revenues of RSD 6,205 mil in 2017, up 84.1% and 5.50% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RSD 1,550 mil in 2014 and an all time low of RSD -...

Sberbank Serbia's net interest margin fell 8.86% to 3.85% in 2017

By Helgi Analytics - September 18, 2018

Sberbank Serbia's net interest margin amounted to 3.85% in 2017, down from 4.23% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.80% in 2009 and an all time low of 3.03% in 2007. The average marg...

Sberbank Serbia's net interest income fell 4.96% to RSD 4,320 mil in 2017

By Helgi Analytics - September 18, 2018

Sberbank Serbia generated total banking revenues of RSD 6,205 mil in 2017, up 5.5% 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 RSD 6,450 mil in 2014 and a...

Sberbank Serbia's customer loan growth rose 89.2% to 5.85% in 2017

By Helgi Analytics - September 18, 2018

Sberbank Serbia's customer loan growth reached 5.85% in 2017, up from 3.09% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 151% in 2006 and an all time low of -21.0% in 2011. In the last decade, the averag...

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Sberbank Serbia a.d. is a Serbia-based subsidiary of Russia's Sberbank. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. The Bank's deposit products include fixed deposits, fixed foreign exchange deposits, current accounts, and savings accounts. The Bank’s loan portfolio primarily comprises personal, mortgage, housing, or investment loans. The Bank was formerly known as Volksbank and changed its name to Sberbank Serbia in December 2012. Sberbank Serbia a.d. is a subsidiary of Sberbank Europe AG. Sberbank Europe manages a banking network of nine universal banks in eight countries of Central and Eastern Europe: in Slovakia, the Czech Republic, Hungary, Croatia, Slovenia, Bosnia and Herzehovina, and Ukraine

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Finance

Sberbank Serbia has been growing its revenues and asset by -1.28% and 2.28% a year on average in the last 3 years. Its loans and deposits have grown by 2.61% and 25.2% a year during that time and loans to deposits ratio reached 105% at the end of 2017. The company achieved an average return on equity of 1.04% in the last three years with net profit growing -19.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 56.4% in 2017, compared to 61.0% average in the last three years.

Equity represented 20.8% of total assets or 32.6% of loans at the end of 2017. Sberbank Serbia's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.