Sberbank Slovakia

Sberbank Slovakia's npls (as % of loans) rose 13.3% to 16.6% in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia's non-performing loans reached 16.6% of total loans at the end of 2017, up from 14.7% compared to the previous ...

Sberbank Slovakia's total revenues fell 50.9% to EUR 23.5 mil in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia generated total banking revenues of EUR 23.5 mil in 2017, down 50.9% compared to the previous year. Slov...

Sberbank Slovakia's corporate loans rose 5.18% to EUR 405 mil in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia's loans reached EUR 1,082 mil in the 2017, down from EUR 1,180 mil compared to the previous year. His...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 37.9 31.0 17.7
Fee Income (As % Of Revenues) % 16.0 20.6 20.8
Other Income EUR mil 6.29 6.87 0.828
Total Revenues EUR mil 52.6 47.8 23.5
Staff Cost EUR mil 22.8 18.3 5.49
Operating Profit EUR mil 10.6 2.90 6.65
Provisions EUR mil 20.7 29.3 17.0
Net Profit EUR mil -19.4 -36.9 -10.2
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 19.6 64.7 270
Customer Loans EUR mil 1,332 1,071 956
Debt Securities EUR mil 236 203 84.4
Total Assets EUR mil 1,841 1,549 1,369
Shareholders' Equity EUR mil 193 152 141
Interbank Borrowing EUR mil 32.0 2.32 2.27
Customer Deposits EUR mil 1,435 1,290 1,120
Issued Debt Securities EUR mil 141 90.7 90.8
Ratios 2015 2016 2017
ROE % -9.42 -21.4 -13.9
ROA % -1.00 -2.18 -1.40
Costs (As % Of Assets) % 2.17 2.65 2.30
Costs (As % Of Income) % 79.9 93.9 71.7
Capital Adequacy Ratio % 17.8 17.7 17.9
Net Interest Margin % 1.96 1.83 1.83
Loans (As % Of Deposits) % 92.8 83.0 85.4
NPLs (As % Of Loans) % 12.2 14.7 16.6
Provisions (As % Of NPLs) % 53.9 65.0 69.9
Growth Rates 2015 2016 2017
Total Revenue Growth % -20.1 -9.12 -50.9
Operating Cost Growth % -19.3 6.86 -62.5
Operating Profit Growth % -22.9 -72.6 129
Net Profit Growth % -274 90.2 -72.3
Customer Loan Growth % -15.9 -19.6 -10.7
Total Asset Growth % -9.03 -15.9 -11.6
Customer Deposit Growth % 5.10 -10.1 -13.2
Shareholders' Equity Growth % -11.3 -21.6 -6.84
Employees 658 543 540

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summary Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                          
Net Interest Income EUR mil                             39.9 39.6 44.2 51.9 37.9    
Total Revenues EUR mil                             52.8 50.2 60.3 65.8 52.6    
Operating Profit EUR mil                             14.2 5.89 9.32 13.7 10.6    
Net Profit EUR mil                             -4.58 -47.7 3.87 11.2 -19.4    
balance sheet                                          
Interbank Loans EUR mil                             46.9 104 185 101 19.6    
Customer Loans EUR mil                             1,145 1,227 1,426 1,585 1,332    
Debt Securities EUR mil                             141 257 173 171 236    
Total Assets EUR mil                             1,597 1,748 2,032 2,023 1,841    
Shareholders' Equity EUR mil                             127 163 202 218 193    
Interbank Borrowing EUR mil                             126 14.6 9.15 234 32.0    
Customer Deposits EUR mil                             1,167 1,378 1,580 1,365 1,435    
Issued Debt Securities EUR mil                             115 106 128 139 141    
ratios                                          
ROE %                             -3.61 -32.9 2.12 5.31 -9.42    
ROA %                             -0.313 -2.85 0.205 0.551 -1.00    
Costs (As % Of Assets) %                             2.64 2.65 2.70 2.57 2.17    
Costs (As % Of Income) %                             73.2 88.3 84.6 79.1 79.9    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 13.5 13.5 17.8    
Net Interest Margin %                             2.73 2.37 2.34 2.56 1.96    
Interest Income (As % Of Revenues) %                             75.5 78.8 73.2 79.0 72.0    
Fee Income (As % Of Revenues) %                             22.5 20.0 16.8 15.8 16.0    
Staff Cost (As % Of Total Cost) %                             42.6 40.6 39.0 40.4 54.4    
Equity (As % Of Assets) %                             7.96 9.33 9.97 10.8 10.5    
Loans (As % Of Deposits) %                             98.1 89.0 90.3 116 92.8    
Loans (As % Assets) %                             71.7 70.2 70.2 78.3 72.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...               7.30 8.77 10.8 9.99 12.2    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...               54.8 90.7 54.0 45.7 53.9    
income statement Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                          
Interest Income EUR mil                             58.7 62.7 66.5 71.4 59.6    
Interest Cost EUR mil                             18.8 23.2 22.3 19.4 21.7    
Net Interest Income EUR mil                             39.9 39.6 44.2 51.9 37.9    
Net Fee Income EUR mil                             11.9 10.0 10.2 10.4 8.42    
Other Income EUR mil                             1.05 0.630 6.00 3.40 6.29    
Total Revenues EUR mil                             52.8 50.2 60.3 65.8 52.6    
Staff Cost EUR mil                             16.5 18.0 19.9 21.0 22.8    
Depreciation EUR mil                             5.13 4.75 5.29 5.54 4.68    
Other Cost EUR mil                             17.1 21.6 25.8 25.5 14.5    
Operating Cost EUR mil                             38.7 44.3 51.0 52.0 42.0    
Operating Profit EUR mil                             14.2 5.89 9.32 13.7 10.6    
Provisions EUR mil                             19.8 72.1 2.67 -1.52 20.7    
Extra and Other Cost EUR mil                             0.016 0.018 0.020 0 0    
Pre-Tax Profit EUR mil                             -5.70 -66.2 6.63 15.2 -10.2    
Tax EUR mil                             -1.12 -18.5 2.76 4.07 9.21    
Minorities EUR mil                             0 0 0 0 0    
Net Profit EUR mil                             -4.58 -47.7 3.87 11.2 -19.4    
growth rates                                          
Net Interest Income Growth % ...                           10.1 -0.797 11.6 17.6 -27.1    
Net Fee Income Growth % ... ... ... ... ... ...                 30.7 -15.5 1.20 2.59 -19.2    
Total Revenue Growth % ...                           6.03 -4.88 20.1 9.05 -20.1    
Operating Cost Growth % ...                           6.17 14.7 15.0 2.06 -19.3    
Operating Profit Growth % ...                           5.64 -58.4 58.3 47.3 -22.9    
Pre-Tax Profit Growth % ...                           -272 1,061 -110 130 -167    
Net Profit Growth % ...                           -325 941 -108 189 -274    
market share                                          
Market Share in Revenues %                             2.16 2.40 2.60 2.67 2.31    
Market Share in Net Profit % ... ... ...       ... ...         ...   ... ... 0.704 1.99 ... ... ...
Market Share in Employees %                             3.13 3.16 3.43 3.71 3.48    
Market Share in Branches %                             3.97 3.86 4.65 4.56 4.44    
balance sheet Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                          
Cash EUR mil                             233 111 192 113 209    
Interbank Loans EUR mil                             46.9 104 185 101 19.6    
Customer Loans EUR mil                             1,145 1,227 1,426 1,585 1,332    
Retail Loans EUR mil ... ... ... ... ... ... ... ... ...           350 387 533 663 687    
Mortgage Loans EUR mil ... ... ... ... ... ... ... ... ...           143 131 508 624 617    
Consumer Loans EUR mil ... ... ... ... ... ... ... ... ...           207 255 24.5 39.1 69.5    
Corporate Loans EUR mil ... ... ... ... ... ... ... ... ...           642 681 742 758 559    
Debt Securities EUR mil                             141 257 173 171 236    
Fixed Assets EUR mil                             21.0 20.7 24.8 23.4 21.7    
Total Assets EUR mil                             1,597 1,748 2,032 2,023 1,841    
Shareholders' Equity EUR mil                             127 163 202 218 193    
Of Which Minority Interest EUR mil                             0 0 0 0 0    
Liabilities EUR mil                             1,470 1,585 1,829 1,805 1,647    
Interbank Borrowing EUR mil                             126 14.6 9.15 234 32.0    
Customer Deposits EUR mil                             1,167 1,378 1,580 1,365 1,435    
Sight Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 573 524 593    
Term Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,007 841 842    
Issued Debt Securities EUR mil                             115 106 128 139 141    
Other Liabilities EUR mil                             62.1 86.4 113 66.9 39.2    
asset quality                                          
Non-Performing Loans EUR mil ... ... ... ... ... ... ...               87.1 117 164 166 174    
Gross Loans EUR mil ...                           1,193 1,333 1,515 1,661 1,426    
Total Provisions EUR mil ...                           47.7 106 88.6 75.8 93.6    
growth rates                                          
Customer Loan Growth % ...                           12.4 7.09 16.3 11.1 -15.9    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...         38.4 10.5 37.8 24.5 3.61    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...         31.1 -7.95 286 22.8 -1.04    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...         44.0 23.2 -90.4 59.6 77.8    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...         4.76 6.11 9.05 2.10 -26.2    
Total Asset Growth % ...                           20.1 9.45 16.2 -0.417 -9.03    
Shareholders' Equity Growth % ...                           0.052 28.3 24.1 7.67 -11.3    
Customer Deposit Growth % ...                           15.1 18.1 14.6 -13.6 5.10    
market share                                          
Market Share in Customer Loans %                             3.15 3.31 3.64 3.79 2.93    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...           4.13 4.55 5.08 5.28 3.57    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...           4.25 5.01 0.466 0.686 1.12    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...           2.04 2.06 2.59 2.88 2.65    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...           1.16 0.960 3.32 3.59 3.13    
Market Share in Total Assets %                             2.71 2.93 3.33 3.15 2.66    
Market Share in Customer Deposits %                             2.91 3.25 3.57 2.96 2.84    
ratios Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                          
ROE %                             -3.61 -32.9 2.12 5.31 -9.42    
ROA %                             -0.313 -2.85 0.205 0.551 -1.00    
Costs (As % Of Assets) %                             2.64 2.65 2.70 2.57 2.17    
Costs (As % Of Income) %                             73.2 88.3 84.6 79.1 79.9    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 13.5 13.5 17.8    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 13.5 13.5 17.8    
Net Interest Margin %                             2.73 2.37 2.34 2.56 1.96    
Interest Spread % ...                           2.60 2.23 2.21 2.45 1.83    
Asset Yield %                             4.01 3.75 3.52 3.52 3.08    
Cost Of Liabilities % ...                           1.40 1.52 1.31 1.07 1.26    
Interest Income (As % Of Revenues) %                             75.5 78.8 73.2 79.0 72.0    
Fee Income (As % Of Revenues) %                             22.5 20.0 16.8 15.8 16.0    
Other Income (As % Of Revenues) %                             1.99 1.25 9.94 5.17 12.0    
Cost Per Employee USD per month                             3,299 3,271 3,458 3,260 3,316    
Cost Per Employee (Local Currency) EUR per month                             2,373 2,548 2,605 2,529 2,892    
Staff Cost (As % Of Total Cost) %                             42.6 40.6 39.0 40.4 54.4    
Equity (As % Of Assets) %                             7.96 9.33 9.97 10.8 10.5    
Loans (As % Of Deposits) %                             98.1 89.0 90.3 116 92.8    
Loans (As % Assets) %                             71.7 70.2 70.2 78.3 72.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...               7.30 8.77 10.8 9.99 12.2    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...               54.8 90.7 54.0 45.7 53.9    
Provisions (As % Of Loans) % ...                           4.17 8.65 6.21 4.79 7.03    
Cost of Provisions (As % Of Loans) %                             1.83 6.08 0.201 -0.101 1.42    
other data Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                          
Branches                             41.0 41.0 44.0 43.0 42.0    
Employees                             578 589 636 692 658    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 36.2 38.4 41.3    

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Sberbank Slovakia's mortgage loans fell 13.1% to EUR 481 mil in 2017

By Helgi Analytics - December 12, 2019

Sberbank Slovakia's mortgage loans reached EUR 481 mil in 2017, down 13.1% compared to the previous year. Slovak banking sector provided mortgage loans of EUR 25.4 bil in 2017, up 12.8% when compared to the last year. Sberbank Slovakia accounted for 1.92%...

Sberbank Slovakia's net profit rose 72.3% to EUR -10.2 mil in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia made a net profit of EUR -10.2 mil under revenues of EUR 23.5 mil in 2017, up 72.3% and -50.9% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 11.2 mil in 2014 and an all time low of EU...

Sberbank Slovakia's costs (as % of assets) fell 13.0% to 2.30% in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia's cost to income ratio reached 71.7% in 2017, down from 93.9% compared to the previous year. Historically, the bank’s costs reached an all time high of 117% of income in 2009 and an all time low of 53.3% in 2000. When compared to total as...

Sberbank Slovakia's customer deposits fell 13.2% to EUR 1,120 mil in 2017

By Helgi Analytics - December 12, 2019

Sberbank Slovakia's customer deposits reached EUR 1,120 mil in 2017, down 13.2% compared to the previous year. Slovak banking sector accepted customer deposits of EUR 55.7 bil in 2017, up 5.33% when compared to the last year. Sberbank Slovakia accounted f...

Sberbank Slovakia's customer loans fell 10.7% to EUR 956 mil in 2017

By Helgi Analytics - December 12, 2019

Sberbank Slovakia's customer loans reached EUR 956 mil in 2017, down 10.7% compared to the previous year. Slovak banking sector provided customer loans of EUR 54.8 bil in 2017, up 9.56% when compared to the last year. Sberbank Slovakia accounted for 1.81%...

Sberbank Slovakia's net interest margin remain unchanged at 1.83% in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia's net interest margin amounted to 1.83% in 2017, down from 1.83% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.89% in 2002 and an all time low of 0.773% in 2001. The average m...

Sberbank Slovakia's employees fell 0.552% to 540 in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia employed 540 persons in 2017, down 0.552% when compared to the previous year. Historically, the bank's workforce hit an all time high of 692 persons in 2014 and an all time low of 338 in 1997. Average cost reached USD 3,009 per month per employe...

Sberbank Slovakia's capital adequacy ratio rose 1.53% to 17.9% in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia's capital adequacy ratio reached 17.9% at the end of 2017, up from 17.7% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 17.9% in 2017 and an all time low of 13.5% in 2013. The Tier 1 ratio amoun...

Sberbank Slovakia's consumer loans fell 4.46% to EUR 70.0 mil in 2017

By Helgi Analytics - December 12, 2019

Sberbank Slovakia's consumer loans reached EUR 70.0 mil in 2017, down 4.46% compared to the previous year. Slovak banking sector provided consumer loans of EUR 7.45 bil in 2017, up 8.46% when compared to the last year. Sberbank Slovakia accounted for 1.68...

Sberbank Slovakia's retail loan growth fell 37.3% to -12.0% in 2017

By Helgi Analytics - September 29, 2018

Sberbank Slovakia's retail loans reached EUR 551 mil at the end of 2017, down 12.0% compared to the previous year. In the last decade, the average annual loan growth amounted to 15.5%. Overall, retail loans accounted for 57.6% of the bank's loan book at the...

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Sberbank Slovakia is a Slovakia-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 Slovakia in February 2013. Sberbank Slovakia 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 Herzegovina, and Ukraine

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Finance

Sberbank Slovakia has been growing its revenues and asset by -7.58% and 1.72% a year on average in the last 10 years. Its loans and deposits have grown by 2.02% and 2.43% a year during that time and loans to deposits ratio reached 85.4% at the end of 2017. The company achieved an average return on equity of -6.99% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 71.7% in 2017, compared to 83.6% average in the last decade.

Equity represented 10.3% of total assets or 14.8% of loans at the end of 2017. Sberbank Slovakia's non-performing loans were 16.6% of total loans while provisions covered some 69.9% of NPLs at the end of 2017.