Stavebni Sporitelna Ceske Sporitelny

SSCS's npls (as % of loans) fell 61.2% yoy to 0.834% in 3Q2018

By Helgi Analytics - July 24, 2019

Stavebni Sporitelna Ceske Sporitelny's non-performing loans reached 0.834% of total loans at the end of 2018-09-30, down from 2.1...

SSCS's corporate deposits rose 198% yoy to CZK 34.9 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Stavebni Sporitelna Ceske Sporitelny's corporate deposits reached CZK 34.9 mil in 2018-09-30, down 1.67% compared to the previous yea...

SSCS's retail deposits fell 5.64% yoy to CZK 61,991 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Stavebni Sporitelna Ceske Sporitelny's retail deposits reached CZK 61,991 mil in 2018-09-30, down 2.18% compared to the previous year...

Profit Statement 2015 2016 2017
Net Interest Income CZK mil 1,142 933 899
Fee Income (As % Of Revenues) % 19.5 25.2 26.4
Other Income CZK mil -50.0 -26.0 10.5
Total Revenues CZK mil 1,356 1,213 1,237
Staff Cost CZK mil 180 211 178
Operating Profit CZK mil 937 789 777
Provisions CZK mil 185 85.0 -51.8
Net Profit CZK mil 648 586 680
Balance Sheet 2015 2016 2017
Interbank Loans CZK mil 12,109 7,991 4,559
Customer Loans CZK mil 34,817 35,282 36,956
Debt Securities CZK mil 22,272 17,933 14,263
Total Assets CZK mil 79,727 82,552 76,215
Shareholders' Equity CZK mil 4,567 4,910 5,083
Interbank Borrowing CZK mil 0 0 4,400
Customer Deposits CZK mil 74,537 77,050 65,408
Issued Debt Securities CZK mil 0 0 0
Ratios 2015 2016 2017
ROE % 14.8 12.4 13.6
ROA % 0.776 0.722 0.857
Costs (As % Of Assets) % 0.502 0.523 0.579
Costs (As % Of Income) % 30.9 35.0 37.2
Capital Adequacy Ratio % 16.3 16.8 17.8
Net Interest Margin % 1.37 1.15 1.13
Loans (As % Of Deposits) % 46.7 45.8 56.5
NPLs (As % Of Loans) % 2.59 2.43 2.03
Provisions (As % Of NPLs) % 60.9 79.3 80.0
Growth Rates 2015 2016 2017
Total Revenue Growth % 0.668 -10.5 1.98
Operating Cost Growth % 6.89 1.19 8.41
Operating Profit Growth % -1.88 -15.8 -1.48
Net Profit Growth % 11.5 -9.57 16.1
Customer Loan Growth % -1.36 1.34 4.74
Total Asset Growth % -8.66 3.54 -7.68
Customer Deposit Growth % -9.46 3.37 -15.1
Shareholders' Equity Growth % 9.60 7.51 3.52
Employees 191 175 182

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Net Interest Income CZK mil                         1,700 1,503 1,142 1,183 1,142    
Total Revenues CZK mil                         1,889 1,614 1,167 1,347 1,356    
Operating Profit CZK mil                         1,458 1,153 756 955 937    
Net Profit CZK mil                         1,028 789 503 581 648    
balance sheet                                      
Interbank Loans CZK mil                         33,053 32,887 33,044 23,677 12,109    
Customer Loans CZK mil                         40,886 38,609 36,517 35,298 34,817    
Debt Securities CZK mil                         26,649 29,110 26,754 25,750 22,272    
Total Assets CZK mil                         103,714 103,466 99,231 87,284 79,727    
Shareholders' Equity CZK mil                         5,117 5,112 4,018 4,167 4,567    
Interbank Borrowing CZK mil                         0 0 0 0 0    
Customer Deposits CZK mil                         98,006 97,741 94,667 82,329 74,537    
Issued Debt Securities CZK mil                         0 0 0 0 0    
ratios                                      
ROE %                         19.8 15.4 11.0 14.2 14.8    
ROA %                         0.994 0.762 0.496 0.623 0.776    
Costs (As % Of Assets) %                         0.417 0.446 0.406 0.420 0.502    
Costs (As % Of Income) %                         22.8 28.6 35.2 29.1 30.9    
Capital Adequacy Ratio % ... ... ... ... ...               16.2 17.1 13.4 11.8 16.3    
Net Interest Margin %                         1.64 1.45 1.13 1.27 1.37    
Interest Income (As % Of Revenues) %                         90.0 93.1 97.9 87.8 84.2    
Fee Income (As % Of Revenues) %                         13.7 10.9 7.88 16.7 19.5    
Staff Cost (As % Of Total Cost) %                         41.1 40.6 45.5 46.7 43.0    
Equity (As % Of Assets) %                         4.93 4.94 4.05 4.77 5.73    
Loans (As % Of Deposits) %                         41.7 39.5 38.6 42.9 46.7    
Loans (As % Assets) %                         39.4 37.3 36.8 40.4 43.7    
NPLs (As % Of Loans) %                         3.72 4.14 4.81 4.60 2.59    
Provisions (As % Of NPLs) %                         48.8 51.7 59.3 67.6 60.9    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Interest Income CZK mil                         3,815 3,613 3,187 2,844 2,487    
Interest Cost CZK mil                         2,115 2,110 2,045 1,661 1,345    
Net Interest Income CZK mil                         1,700 1,503 1,142 1,183 1,142    
Net Fee Income CZK mil                         258 176 92.0 225 264    
Other Income CZK mil                         -68.4 -65.3 -67.0 -61.0 -50.0    
Total Revenues CZK mil                         1,889 1,614 1,167 1,347 1,356    
Staff Cost CZK mil                         177 187 187 183 180    
Depreciation CZK mil                         42.5 52.3 53.0 51.0 81.0    
Other Cost CZK mil                         211 222 171 158 158    
Operating Cost CZK mil                         431 462 411 392 419    
Operating Profit CZK mil                         1,458 1,153 756 955 937    
Provisions CZK mil                         272 264 216 311 185    
Extra and Other Cost CZK mil                         0 0 1.00 0 0    
Pre-Tax Profit CZK mil                         1,186 889 539 644 752    
Tax CZK mil                         158 99.5 36.0 63.0 104    
Minorities CZK mil                         0 0 0 0 0    
Net Profit CZK mil                         1,028 789 503 581 648    
Dividends CZK mil ... ... ...                   800 1,600 440 250 250   ...
growth rates                                      
Net Interest Income Growth % ...                       -8.26 -11.5 -24.0 3.59 -3.47    
Net Fee Income Growth % ...                       -45.1 -31.7 -47.8 145 17.3    
Total Revenue Growth % ...                       -16.6 -14.5 -27.7 15.4 0.668    
Operating Cost Growth % ...                       3.21 7.16 -11.0 -4.62 6.89    
Operating Profit Growth % ...                       -21.1 -21.0 -34.4 26.3 -1.88    
Pre-Tax Profit Growth % ...                       -19.0 -25.1 -39.4 19.5 16.8    
Net Profit Growth % ...                       -18.9 -23.2 -36.3 15.5 11.5    
market share                                      
Market Share in Revenues %                         1.17 0.966 0.694 0.802 0.779    
Market Share in Net Profit % ...                       1.93 1.23 0.824 0.921 0.977    
Market Share in Employees %                         0.512 0.538 0.526 0.516 0.464    
Market Share in Branches %                         0.049 0.048 0.047 0.047 0.046    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Cash CZK mil                         1,263 1,054 1,139 1,025 9,181    
Interbank Loans CZK mil                         33,053 32,887 33,044 23,677 12,109    
Customer Loans CZK mil                         40,886 38,609 36,517 35,298 34,817    
Retail Loans CZK mil                         40,886 38,609 36,517 33,183 31,196    
Mortgage Loans CZK mil                         40,886 38,609 36,517 33,183 31,196    
Consumer Loans CZK mil                         0 0 0 0 0    
Corporate Loans CZK mil                         0 0 0 2,115 3,621    
Debt Securities CZK mil                         26,649 29,110 26,754 25,750 22,272    
Fixed Assets CZK mil                         420 402 499 478 436    
Total Assets CZK mil                         103,714 103,466 99,231 87,284 79,727    
Shareholders' Equity CZK mil                         5,117 5,112 4,018 4,167 4,567    
Of Which Minority Interest CZK mil                         0 0 0 0 0    
Liabilities CZK mil                         98,597 98,354 95,213 83,117 75,160    
Interbank Borrowing CZK mil                         0 0 0 0 0    
Customer Deposits CZK mil                         98,006 97,741 94,667 82,329 74,537    
Retail Deposits CZK mil                         98,006 97,741 94,667 82,329 74,537    
Corporate Deposits CZK mil                         0 0 0 0 0    
Issued Debt Securities CZK mil                         0 0 0 0 0    
Other Liabilities CZK mil                         591 613 546 788 623    
asset quality                                      
Non-Performing Loans CZK mil                         1,551 1,632 1,807 1,677 917    
Gross Loans CZK mil                         41,643 39,452 37,588 36,431 35,375    
Total Provisions CZK mil                         758 843 1,071 1,133 558    
growth rates                                      
Customer Loan Growth % ...                       -7.72 -5.57 -5.42 -3.34 -1.36    
Retail Loan Growth % ...                       -7.72 -5.57 -5.42 -9.13 -5.99    
Mortgage Loan Growth % ...                       -7.72 -5.57 -5.42 -9.13 -5.99    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 71.2    
Total Asset Growth % ...                       0.659 -0.239 -4.09 -12.0 -8.66    
Shareholders' Equity Growth % ...                       -3.23 -0.094 -21.4 3.71 9.60    
Customer Deposit Growth % ...                       0.478 -0.271 -3.14 -13.0 -9.46    
Retail Deposit Growth % ...                       0.478 -0.271 -3.14 -13.0 -9.46    
market share                                      
Market Share in Customer Loans %                         1.86 1.72 1.47 1.36 1.25    
Market Share in Corporate Loans %                         0 0 0 0.242 0.393    
Market Share in Retail Loans %                         0 0 0 0 0    
Market Share in Consumer Loans %                         3.73 3.41 3.09 2.70 2.36    
Market Share in Mortgage Loans %                         5.29 4.77 4.28 3.69 3.21    
Market Share in Total Assets %                         2.32 2.23 1.93 1.64 1.44    
Market Share in Customer Deposits %                         3.64 3.46 3.10 2.40 2.12    
Market Share in Retail Deposits %                         5.73 5.52 5.22 4.28 3.66    
Market Share in Corporate Deposits %                         0 0 0 0 0    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                      
ROE %                         19.8 15.4 11.0 14.2 14.8    
ROA %                         0.994 0.762 0.496 0.623 0.776    
Costs (As % Of Assets) %                         0.417 0.446 0.406 0.420 0.502    
Costs (As % Of Income) %                         22.8 28.6 35.2 29.1 30.9    
Capital Adequacy Ratio % ... ... ... ... ...               16.2 17.1 13.4 11.8 16.3    
Tier 1 Ratio % ... ... ... ... ...               16.2 17.1 13.4 11.8 16.3    
Net Interest Margin %                         1.64 1.45 1.13 1.27 1.37    
Interest Spread % ...                       1.54 1.35 1.03 1.19 1.28    
Asset Yield %                         3.69 3.49 3.14 3.05 2.98    
Cost Of Liabilities % ...                       2.15 2.14 2.11 1.86 1.70    
Payout Ratio % ... ... ...                   77.8 203 87.5 43.0 38.6   ...
Interest Income (As % Of Revenues) %                         90.0 93.1 97.9 87.8 84.2    
Fee Income (As % Of Revenues) %                         13.7 10.9 7.88 16.7 19.5    
Other Income (As % Of Revenues) %                         -3.62 -4.05 -5.74 -4.53 -3.69    
Cost Per Employee USD per month                         4,126 3,693 3,811 3,430 3,290    
Cost Per Employee (Local Currency) CZK per month                         72,978 72,242 74,561 73,317 78,534    
Staff Cost (As % Of Total Cost) %                         41.1 40.6 45.5 46.7 43.0    
Equity (As % Of Assets) %                         4.93 4.94 4.05 4.77 5.73    
Loans (As % Of Deposits) %                         41.7 39.5 38.6 42.9 46.7    
Loans (As % Assets) %                         39.4 37.3 36.8 40.4 43.7    
NPLs (As % Of Loans) %                         3.72 4.14 4.81 4.60 2.59    
Provisions (As % Of NPLs) %                         48.8 51.7 59.3 67.6 60.9    
Provisions (As % Of Loans) %                         1.85 2.18 2.93 3.21 1.60    
Cost of Provisions (As % Of Loans) %                         0.639 0.664 0.575 0.866 0.528    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
Branches                         1.00 1.00 1.00 1.00 1.00    
Employees                         202 216 209 208 191    
Number Of Loan Contracts '000 ... ...                     187 176 163 152 ... ... ...
Sale Of New Loan Contracts '000 ... ...       ... ... ... ... ... ... ... 16.0 ... ... ... ... ... ...
Number Of Deposit Contracts '000 ...                       1,096 1,018 928 791 ... ... ...
Sale Of New Deposit Contracts '000 ... ...                   ... ... ... ... ... ... ... ...
Number Of All Contracts '000 ... ...                     1,284 1,194 923 806 ... ... ...
Size Of Average Loan CZK mil ... ...                     0.218 0.219 0.223 0.233 ... ... ...
Size Of Average Deposit CZK mil ...                       0.089 0.096 0.102 0.104 ... ... ...

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SSCS's mortgage loans rose 10.2% yoy to CZK 38,478 mil in 3Q2018

By Helgi Analytics - July 24, 2019

Stavebni Sporitelna Ceske Sporitelny's mortgage loans reached CZK 38,478 mil in 2018-09-30, up 2.71% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,218 bil in 2018-09-30, up 2.17% when compared to the last year. Stave...

SSCS's net profit rose 20.0% yoy to CZK 214 mil in 3Q2018

By Helgi Analytics - January 21, 2019

Stavebni Sporitelna Ceske Sporitelny made a net profit of CZK 214 mil in the third quarter of 2018, up 20% when compared to the same period of last year. This implies a return on equity of 17.1%. Historically, the bank’s net profit reached an all time high of CZK...

SSCS's corporate loans rose 1.40% yoy to CZK 1,403 mil in 3Q2018

By Helgi Analytics - January 21, 2019

Stavebni Sporitelna Ceske Sporitelny's loans reached CZK 39,881 mil in the third quarter of 2018, up from CZK 38,862 mil when compared to the previous quarter and up from CZK 36,963 mil when compared to the same period of last year. Historically, the ...

SSCS's customer loans rose 9.85% yoy to CZK 39,881 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Stavebni Sporitelna Ceske Sporitelny's customer loans reached CZK 39,881 mil in 2018-09-30, up 2.62% compared to the previous year. Czech banking sector provided customer loans of CZK 3,328 bil in 2018-09-30, up 2.94% when compared to the last year. Stave...

SSCS's customer deposits fell 5.60% yoy to CZK 62,026 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Stavebni Sporitelna Ceske Sporitelny's customer deposits reached CZK 62,026 mil in 2018-09-30, down 2.18% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,501 bil in 2018-09-30, up 1.39% when compared to the last year. ...

SSCS's employees rose 1.62% yoy to 188 in 3Q2018

By Helgi Analytics - July 24, 2019

Stavebni Sporitelna Ceske Sporitelny employed 188 persons in 2018-09-30, down 1.57% when compared to the previous year. Historically, the bank's workforce hit an all time high of 304 persons in 2003-12-31 and an all time low of 170 in 2016-03-31. Average cost reac...

SSCS's net interest margin rose 28.6% yoy to 1.58% in 3Q2018

By Helgi Analytics - January 21, 2019

Stavebni Sporitelna Ceske Sporitelny's net interest margin amounted to 1.58% in the third quarter of 2018, up from 1.42% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 2.33% in 4Q2008 and an al...

SSCS's retail loans rose 10.2% yoy to CZK 38,478 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Stavebni Sporitelna Ceske Sporitelny's retail loans reached CZK 38,478 mil in the third quarter of 2018, up 2.71% compared to the previous year. Czech banking sector provided retail loans of CZK 1,615 bil in 3Q2018, up 1.97% when compared to the last year. ...

SSCS's capital adequacy ratio rose 18.8% yoy to 19.0% in 3Q2018

By Helgi Analytics - January 21, 2019

Stavebni Sporitelna Ceske Sporitelny's capital adequacy ratio reached 19.0% at the end of third quarter of 2018, down from 19.0% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 19.2% in 1Q2018 and an all time low of...

SSCS's consumer loans remain unchanged yoy at CZK 0 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Stavebni Sporitelna Ceske Sporitelny's consumer loans reached CZK 0 mil in 2018-09-30, down 0% compared to the previous year. Czech banking sector provided consumer loans of CZK 397 bil in 2018-09-30, up 1.37% when compared to the last year. Stavebni Spor...

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Stavební Spořitelna České Spořitelny is one of the five building savings banks operating in the Czech Republic. It's fully owned by Ceska Sporitelna, the largest retail bank in the country.

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Finance

Stavebni Sporitelna Ceske Sporitelny has been growing its revenues and asset by -2.80% and -4.42% a year on average in the last 3 years. Its loans and deposits have grown by 1.54% and -7.38% a year during that time and loans to deposits ratio reached 56.5% at the end of 2017. The company achieved an average return on equity of 13.6% in the last three years with net profit growing 5.40% a year on average. In terms of operating efficiency, its cost to income ratio reached 37.2% in 2017, compared to 34.3% average in the last three years.

Equity represented 6.67% of total assets or of loans at the end of 2017. Stavebni Sporitelna Ceske Sporitelny's non-performing loans were 2.03% of total loans while provisions covered some 80.0% of NPLs at the end of 2017.