Slovenska Sporitelna

Slovenska Sporitelna's mortgage loans rose 14.0% to EUR 6,841 mil in 2017

By Helgi Analytics - December 12, 2019

Slovenska Sporitelna's mortgage loans reached EUR 6,841 mil in 2017, up 14.0% compared to the previous year. Slovak banking sec...

Slovenska Sporitelna's customer deposits rose 9.61% to EUR 12,478 mil in 2017

By Helgi Analytics - December 12, 2019

Slovenska Sporitelna's customer deposits reached EUR 12,478 mil in 2017, up 9.61% compared to the previous year. Slovak banking...

Slovenska Sporitelna's customer loans rose 14.3% to EUR 11,720 mil in 2017

By Helgi Analytics - December 12, 2019

Slovenska Sporitelna's customer loans reached EUR 11,720 mil in 2017, up 14.3% compared to the previous year. Slovak banking se...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 469 462 439
Fee Income (As % Of Revenues) % 20.1 20.3 19.8
Other Income EUR mil 14.3 16.6 16.8
Total Revenues EUR mil 605 600 569
Staff Cost EUR mil 129 137 141
Operating Profit EUR mil 337 323 286
Provisions EUR mil 58.0 48.2 30.1
Net Profit EUR mil 185 215 164
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 122 89.9 178
Customer Loans EUR mil 9,365 10,251 11,720
Debt Securities EUR mil 3,720 2,692 2,686
Total Assets EUR mil 13,980 14,825 16,343
Shareholders' Equity EUR mil 1,539 1,562 1,174
Interbank Borrowing EUR mil 385 278 489
Customer Deposits EUR mil 10,672 11,384 12,478
Issued Debt Securities EUR mil 1,102 1,317 1,568
Ratios 2015 2016 2017
ROE % 13.0 13.8 12.0
ROA % 1.37 1.49 1.05
Costs (As % Of Assets) % 1.99 1.92 1.81
Costs (As % Of Income) % 44.3 46.1 49.7
Capital Adequacy Ratio % 21.9 21.5 18.7
Net Interest Margin % 3.48 3.21 2.82
Loans (As % Of Deposits) % 87.8 90.0 93.9
NPLs (As % Of Loans) % 5.56 4.95 4.19
Provisions (As % Of NPLs) % 65.7 65.3 72.0
Growth Rates 2015 2016 2017
Total Revenue Growth % 0.303 -0.791 -5.19
Operating Cost Growth % -14.2 3.40 2.15
Operating Profit Growth % 15.9 -4.12 -11.5
Net Profit Growth % 1.64 15.9 -23.6
Customer Loan Growth % 15.8 9.45 14.3
Total Asset Growth % 7.80 6.05 10.2
Customer Deposit Growth % 10.4 6.68 9.61
Shareholders' Equity Growth % 17.4 1.47 -24.9
Employees 4,205 4,232 4,250

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summary Unit 1996 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 ... ... ...                         466 448 449 464 469    
Total Revenues EUR mil ... ... ...                         588 582 585 603 605    
Operating Profit EUR mil ... ... ...                         314 292 288 291 337    
Net Profit EUR mil ... ... ...                         195 188 185 182 185    
balance sheet                                            
Interbank Loans EUR mil ... ...                           613 290 80.1 179 122    
Customer Loans EUR mil ... ...                           6,346 6,786 7,161 8,086 9,365    
Debt Securities EUR mil ... ...                           3,851 4,098 3,862 3,929 3,720    
Total Assets EUR mil ... ...                           11,349 11,777 11,699 12,969 13,980    
Shareholders' Equity EUR mil ... ...                           1,039 1,205 1,291 1,311 1,539    
Interbank Borrowing EUR mil ... ...                           1,148 1,148 424 741 385    
Customer Deposits EUR mil ... ...                           8,034 8,413 9,091 9,666 10,672    
Issued Debt Securities EUR mil ... ...                           599 788 767 1,082 1,102    
ratios                                            
ROE % ... ... ...                         19.8 16.8 14.8 14.0 13.0    
ROA % ... ... ...                         1.74 1.63 1.58 1.48 1.37    
Costs (As % Of Assets) % ... ... ...                         2.45 2.51 2.52 2.53 1.99    
Costs (As % Of Income) % ... ... ...                         46.6 49.8 50.7 51.7 44.3    
Capital Adequacy Ratio % ... ... ... ... ... ... ...                 15.6 20.1 25.2 19.9 21.9    
Net Interest Margin % ... ... ...                         4.16 3.87 3.82 3.76 3.48    
Interest Income (As % Of Revenues) % ... ... ...                         79.1 76.9 76.7 77.0 77.6    
Fee Income (As % Of Revenues) % ... ... ...                         20.5 20.3 20.1 20.5 20.1    
Staff Cost (As % Of Total Cost) % ... ... ...                         37.6 39.1 40.1 40.1 48.1    
Equity (As % Of Assets) % ... ...                           9.15 10.2 11.0 10.1 11.0    
Loans (As % Of Deposits) % ... ...                           79.0 80.7 78.8 83.6 87.8    
Loans (As % Assets) % ... ...                           55.9 57.6 61.2 62.3 67.0    
NPLs (As % Of Loans) % ... ... ... ... ... ...                   7.56 6.24 5.47 6.34 5.56    
Provisions (As % Of NPLs) % ... ... ... ... ... ...                   76.0 80.6 85.5 65.0 65.7    
income statement Unit 1996 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 ... ... ...                         575 560 534 530 526    
Interest Cost EUR mil ... ... ...                         109 113 85.4 65.7 56.6    
Net Interest Income EUR mil ... ... ...                         466 448 449 464 469    
Net Fee Income EUR mil ... ... ...                         121 118 117 123 121    
Other Income EUR mil ... ... ...                         1.86 16.1 18.7 15.6 14.3    
Total Revenues EUR mil ... ... ...                         588 582 585 603 605    
Staff Cost EUR mil ... ... ...                         103 113 119 125 129    
Depreciation EUR mil ... ... ...                         38.9 46.9 47.1 46.7 46.2    
Other Cost EUR mil ... ... ...                         132 129 130 140 92.7    
Operating Cost EUR mil ... ... ...                         274 290 296 312 268    
Operating Profit EUR mil ... ... ...                         314 292 288 291 337    
Provisions EUR mil ... ... ...                         72.2 54.5 49.4 51.4 58.0    
Extra and Other Cost EUR mil ... ... ...                         0 0 -0.187 0 32.5    
Pre-Tax Profit EUR mil ... ... ...                         242 237 239 240 247    
Tax EUR mil ... ... ...                         47.1 48.6 54.0 56.8 60.8    
Minorities EUR mil ... ... ...                         0.039 0.255 0.456 0.603 0.644    
Net Profit EUR mil ... ... ...                         195 188 185 182 185    
Dividends EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
growth rates                                            
Net Interest Income Growth % ... ... ... ...                       5.11 -3.89 0.230 3.43 1.09    
Net Fee Income Growth % ... ... ... ...                       5.30 -2.28 -0.561 5.08 -1.58    
Total Revenue Growth % ... ... ... ...                       3.87 -1.13 0.516 3.12 0.303    
Operating Cost Growth % ... ... ... ...                       10.3 5.72 2.18 5.35 -14.2    
Operating Profit Growth % ... ... ... ...                       -1.17 -7.11 -1.14 0.831 15.9    
Pre-Tax Profit Growth % ... ... ... ...                       28.6 -1.95 0.862 0.092 2.93    
Net Profit Growth % ... ... ... ...                       29.9 -3.31 -1.85 -1.50 1.64    
market share                                            
Market Share in Revenues % ... ... ...                         24.0 27.7 25.2 24.5 26.5    
Market Share in Net Profit % ... ... ... ...                       28.9 39.2 33.7 32.5 30.6    
Market Share in Employees %                               22.6 22.5 22.7 22.9 22.2    
Market Share in Bank Cards % ... ... ... ...   ...                   24.4 27.5 27.7 27.6 26.4    
Market Share in Branches %                               28.2 28.0 30.8 30.9 30.8    
balance sheet Unit 1996 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 ... ...                           299 377 330 408 323    
Interbank Loans EUR mil ... ...                           613 290 80.1 179 122    
Customer Loans EUR mil ... ...                           6,346 6,786 7,161 8,086 9,365    
Retail Loans EUR mil ... ... ... ... ...                     4,352 4,798 5,333 6,212 7,195    
Mortgage Loans EUR mil ... ... ... ... ...                     3,247 3,703 4,003 5,332 5,650    
Consumer Loans EUR mil ... ... ... ... ...                     992 999 1,002 880 1,545    
Corporate Loans EUR mil ... ... ... ... ...                     2,156 2,071 1,879 1,921 2,209    
Debt Securities EUR mil ... ...                           3,851 4,098 3,862 3,929 3,720    
Fixed Assets EUR mil ... ...                           239 226 205 279 270    
Total Assets EUR mil ... ...                           11,349 11,777 11,699 12,969 13,980    
Shareholders' Equity EUR mil ... ...                           1,039 1,205 1,291 1,311 1,539    
Of Which Minority Interest EUR mil ... ...                           2.62 2.77 3.22 3.80 2.99    
Liabilities EUR mil ... ...                           10,310 10,572 10,408 11,658 12,441    
Interbank Borrowing EUR mil ... ...                           1,148 1,148 424 741 385    
Customer Deposits EUR mil ... ...                           8,034 8,413 9,091 9,666 10,672    
Retail Deposits EUR mil ... ... ... ... ...                     5,677 5,688 7,379 7,640 8,302    
Corporate Deposits EUR mil ... ... ... ... ...                     1,639 1,622 1,207 1,233 1,540    
Sight Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5,245 6,192 7,063    
Term Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,846 3,475 3,608    
Issued Debt Securities EUR mil ... ...                           599 788 767 1,082 1,102    
Other Liabilities EUR mil ... ...                           529 223 126 169 282    
asset quality                                            
Non-Performing Loans EUR mil ... ... ... ... ... ...                   509 446 411 535 540    
Gross Loans EUR mil ... ...                           6,733 7,146 7,513 8,434 9,720    
Total Provisions EUR mil ... ...                           387 359 352 348 355    
growth rates                                            
Customer Loan Growth % ... ... ...                         11.1 6.93 5.52 12.9 15.8    
Retail Loan Growth % ... ... ... ... ... ...                   11.5 10.3 11.2 16.5 15.8    
Mortgage Loan Growth % ... ... ... ... ... ...                   14.1 14.0 8.10 33.2 5.97    
Consumer Loan Growth % ... ... ... ... ... ...                   9.71 0.608 0.349 -12.2 75.5    
Corporate Loan Growth % ... ... ... ... ... ...                   2.09 -3.96 -9.27 2.25 15.0    
Total Asset Growth % ... ... ...                         2.91 3.78 -0.665 10.9 7.80    
Shareholders' Equity Growth % ... ... ...                         11.8 16.0 7.15 1.52 17.4    
Customer Deposit Growth % ... ... ...                         -1.53 4.72 8.06 6.33 10.4    
Retail Deposit Growth % ... ... ... ... ... ...                   1.37 0.187 29.7 3.53 8.66    
Corporate Deposit Growth % ... ... ... ... ... ...                   10.2 -0.997 -25.6 2.13 24.9    
market share                                            
Market Share in Customer Loans % ... ...                           17.4 18.3 18.3 19.4 20.6    
Market Share in Corporate Loans % ... ... ... ... ...                     13.9 13.8 12.9 13.4 14.1    
Market Share in Retail Loans % ... ... ... ... ...                     20.4 19.6 19.1 15.4 24.9    
Market Share in Consumer Loans % ... ... ... ... ...                     25.3 25.6 26.0 26.9 27.8    
Market Share in Mortgage Loans % ... ... ... ... ...                     26.4 27.1 26.2 30.7 28.7    
Market Share in Total Assets % ... ...                           19.2 19.7 19.2 20.2 20.2    
Market Share in Customer Deposits % ... ...                           20.0 19.9 20.5 21.0 21.1    
Market Share in Retail Deposits % ... ... ... ... ...                     22.6 21.4 27.0 26.8 26.7    
Market Share in Corporate Deposits % ... ... ... ... ... ... ...                 17.7 17.0 11.2 11.5 13.1    
ratios Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                            
ROE % ... ... ...                         19.8 16.8 14.8 14.0 13.0    
ROA % ... ... ...                         1.74 1.63 1.58 1.48 1.37    
Costs (As % Of Assets) % ... ... ...                         2.45 2.51 2.52 2.53 1.99    
Costs (As % Of Income) % ... ... ...                         46.6 49.8 50.7 51.7 44.3    
Capital Adequacy Ratio % ... ... ... ... ... ... ...                 15.6 20.1 25.2 19.9 21.9    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   11.6 16.3 20.8 17.7 20.3    
Net Interest Margin % ... ... ...                         4.16 3.87 3.82 3.76 3.48    
Interest Spread % ... ... ...                         4.07 3.77 3.73 3.70 3.43    
Asset Yield % ... ... ...                         5.14 4.84 4.55 4.29 3.90    
Cost Of Liabilities % ... ... ...                         1.07 1.08 0.814 0.595 0.470    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Interest Income (As % Of Revenues) % ... ... ...                         79.1 76.9 76.7 77.0 77.6    
Fee Income (As % Of Revenues) % ... ... ...                         20.5 20.3 20.1 20.5 20.1    
Other Income (As % Of Revenues) % ... ... ...                         0.316 2.76 3.20 2.58 2.36    
Cost Per Employee USD per month ... ... ...                         2,868 2,891 3,126 3,143 2,926    
Cost Per Employee (Local Currency) EUR per month ... ... ...                         2,063 2,252 2,355 2,438 2,553    
Staff Cost (As % Of Total Cost) % ... ... ...                         37.6 39.1 40.1 40.1 48.1    
Equity (As % Of Assets) % ... ...                           9.15 10.2 11.0 10.1 11.0    
Loans (As % Of Deposits) % ... ...                           79.0 80.7 78.8 83.6 87.8    
Loans (As % Assets) % ... ...                           55.9 57.6 61.2 62.3 67.0    
NPLs (As % Of Loans) % ... ... ... ... ... ...                   7.56 6.24 5.47 6.34 5.56    
Provisions (As % Of NPLs) % ... ... ... ... ... ...                   76.0 80.6 85.5 65.0 65.7    
Provisions (As % Of Loans) % ... ...                           6.10 5.30 4.91 4.30 3.79    
Cost of Provisions (As % Of Loans) % ... ... ...                         1.20 0.831 0.708 0.674 0.665    
other data Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                            
Branches                               292 297 292 292 291    
Employees                               4,170 4,199 4,208 4,275 4,205    
ATMs ... ... ... ... ... ... ...                 748 773 770 779 790    
Payment Cards '000 ... ...       ...                   1,307 1,261 1,327 1,391 1,402    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 57.7 64.1 66.2    

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Slovenska Sporitelna's retail deposits rose 6.48% to EUR 9,849 mil in 2017

By Helgi Analytics - July 16, 2018

Slovenska Sporitelna's retail deposits reached EUR 9,849 mil in 2017, up 6.48% compared to the previous year. Slovak banking sector accepted retail deposits of EUR 35.1 bil in 2017, up 4.67% when compared to the last year. Slovenska Sporitelna accounted f...

Slovenska Sporitelna's consumer loans rose 9.96% to EUR 2,320 mil in 2017

By Helgi Analytics - December 12, 2019

Slovenska Sporitelna's consumer loans reached EUR 2,320 mil in 2017, up 9.96% 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. Slovenska Sporitelna accounted for...

Slovenska Sporitelna's payment cards rose 2.97% to 1,490 '000 in 2017

By Helgi Analytics - September 29, 2018

Slovenska Sporitelna has issued total of 1,490 '000 payment cards at the end of 2017, up 2.97% compared to the previous year. Slovak banking sector banking sector issued total of 5,183 thous. of bank cards in 2017, down 5.69% when compared to the ...

Slovenska Sporitelna's corporate deposits rose 4.37% to EUR 1,665 mil in 2017

By Helgi Analytics - July 16, 2018

Slovenska Sporitelna's corporate deposits reached EUR 1,665 mil in 2017, up 4.37% compared to the previous year. Slovak banking sector accepted corporate deposits of EUR 12.3 bil in 2017, up 9.35% when compared to the last year. Slovenska Sporitelna accou...

Slovenska Sporitelna's net profit fell 23.6% to EUR 164 mil in 2017

By Helgi Analytics - May 22, 2018

Slovenska Sporitelna made a net profit of EUR 164 mil in 2017, down 23.6% compared to the previous year. This implies a return on equity of 12.0%. Historically, the bank’s net profit reached an all time high of EUR 215 mil in 2016 and an all time low of EUR...

Slovenska Sporitelna's costs (as % of assets) fell 5.60% to 1.81% in 2017

By Helgi Analytics - May 22, 2018

Slovenska Sporitelna's cost to income ratio reached 49.7% in 2017, up from 46.1% compared to the previous year. Historically, the bank’s costs reached an all time high of 167% of income in 1999 and an all time low of 43.9% in 2010. When compared to total a...

Slovenska Sporitelna's npls (as % of loans) fell 15.4% to 4.19% in 2017

By Helgi Analytics - May 22, 2018

Slovenska Sporitelna's non-performing loans reached 4.19% of total loans at the end of 2017, down from 4.95% compared to the previous year. Historically, the NPL ratio hit an all time high of 14.2% in 2007 and an all time low of 2.07% in 2002. Provision cov...

Slovenska Sporitelna's corporate loans rose 19.0% to EUR 2,619 mil in 2017

By Helgi Analytics - May 22, 2018

Slovenska Sporitelna's loans reached EUR 12,085 mil in the 2017, up from EUR 10,593 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 12,085 mil in 2017 and an all time low of EUR 869 mil in 2001. In the l...

Slovenska Sporitelna's total revenues fell 5.19% to EUR 569 mil in 2017

By Helgi Analytics - July 16, 2018

Slovenska Sporitelna generated total banking revenues of EUR 569 mil in 2017, down 5.19% compared to the previous year. Slovak banking sector banking sector generated total revenues of EUR 2,324 mil in 2017, down 10.6% when compared to the last year. ...

Slovenska Sporitelna's net interest margin fell 12.1% to 2.82% in 2017

By Helgi Analytics - May 22, 2018

Slovenska Sporitelna's net interest margin amounted to 2.82% in 2017, down from 3.21% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.16% in 2011 and an all time low of 1.18% in 1999. The average...

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Slovenská sporiteľňa is a Slovakia-based retail bank. The Bank provides a range of banking and financial services to commercial, financial, and private customers principally in the Slovak Republic. It provides various deposit products; loans for housing; and consumer loans for university students. In addition, the Bank also provides payments, debit and credit cards, insurance, overdraft facility, and electronic banking services; and cash management, investment, or treasury services, for example. The Bank is the largest retail bank in the country with over 30% of retail deposits offering its products and services through more than 300 branches and 773 ATMs. The Bank was founded in 1825 and is headquartered in Bratislava, the Slovak Republic. Since the beginning of 2005, Erste Bank is a 100% owner of Slovenská sporiteľňa.

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Finance

Slovenska Sporitelna has been growing its revenues and asset by 2.86% and 6.09% a year on average in the last 10 years. Its loans and deposits have grown by 9.64% and 6.18% a year during that time and loans to deposits ratio reached 93.9% at the end of 2017. The company achieved an average return on equity of 14.4% in the last decade with net profit growing 2.88% a year on average. In terms of operating efficiency, its cost to income ratio reached 49.7% in 2017, compared to 49.3% average in the last decade.

Equity represented 7.18% of total assets or 10.0% of loans at the end of 2017. Slovenska Sporitelna's non-performing loans were 4.19% of total loans while provisions covered some 72.0% of NPLs at the end of 2017.