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Stavebni Sporitelna Ceske Sporitelny

SSCS's mortgage loans rose 7.04% yoy to CZK 64,683 mil in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny's mortgage loans reached CZK 64,683 mil in 3Q2023, up 1.88% compared to the previous year. ...

Stavebni Sporitelna Ceske Sporitelny - Market Share in Bank Loans

By Helgi Library - September 30, 2023

Stavebni Sporitelna Ceske Sporitelny's customer loans reached CZK 65,173 mil in 2023-06-30, up 3.38% compared to the previous year. ...

SSCS's npls (as % of loans) fell 9.40% yoy to 0.993% in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny's non-performing loans reached 0.993% of total loans at the end of 2023-09-30, down from 1.1...

Profit Statement 2020 2021 2022
Net Interest Income CZK mil 1,202 1,258 1,505
Net Fee Income CZK mil 255 222 261
Other Income CZK mil -12.0 -13.0 276
Total Revenues CZK mil 1,445 1,467 2,042
Staff Cost CZK mil 228 224 241
Operating Profit CZK mil 959 987 1,504
Provisions CZK mil 67.0 -25.0 -1.00
Net Profit CZK mil 750 837 1,273
Balance Sheet 2020 2021 2022
Interbank Loans CZK mil 7,971 4,044 26.0
Customer Loans CZK mil 49,614 55,970 63,642
Investments CZK mil 14,314 13,328 6,914
Total Assets CZK mil 73,860 74,496 71,495
Shareholders' Equity CZK mil 6,282 6,996 8,188
Interbank Borrowing CZK mil 0 0 709
Customer Deposits CZK mil 67,127 66,936 61,985
Issued Debt Securities CZK mil 0 0 0
Ratios 2020 2021 2022
ROE % 12.7 12.6 16.8
ROA % 1.02 1.13 1.74
Costs (As % Of Assets) % 0.662 0.647 0.737
Costs (As % Of Income) % 33.6 32.7 26.3
Capital Adequacy Ratio % 26.7 26.6 28.4
Net Interest Margin % 1.64 1.70 2.06
Loans (As % Of Deposits) % 73.9 83.6 103
NPLs (As % Of Loans) % 1.41 1.21 1.01
Provisions (As % Of NPLs) % 78.8 90.5 98.3
Growth Rates 2020 2021 2022
Total Revenue Growth % -6.02 1.52 39.2
Operating Cost Growth % -4.63 -1.23 12.1
Operating Profit Growth % -6.72 2.92 52.4
Net Profit Growth % -23.3 11.6 52.1
Customer Loan Growth % 10.9 12.8 13.7
Total Asset Growth % 1.24 0.861 -4.03
Customer Deposit Growth % 0.293 -0.285 -7.40
Shareholders' Equity Growth % 13.8 11.4 17.0
Employees 197 197 172

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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 2018 2019 2020 2021 2022
income statement                                                
Net Interest Income CZK mil                                   933 899 1,048 1,267 1,202    
Total Revenues CZK mil                                   1,213 1,237 1,358 1,538 1,445    
Operating Profit CZK mil                                   789 777 884 1,028 959    
Net Profit CZK mil                                   586 680 860 978 750    
balance sheet                                                
Interbank Loans CZK mil                                   7,991 4,559 0 14,981 7,971    
Customer Loans CZK mil                                   35,282 36,956 43,011 44,746 49,614    
Investments CZK mil                                   17,933 14,263 13,306 11,290 14,314    
Total Assets CZK mil                                   82,552 76,215 72,247 72,954 73,860    
                                                   
Shareholders' Equity CZK mil                                   4,910 5,083 5,342 5,520 6,282    
Interbank Borrowing CZK mil                                   0 4,400 0 0 0    
Customer Deposits CZK mil                                   77,050 65,408 62,542 66,931 67,127    
Issued Debt Securities CZK mil                                   0 0 0 0 0    
ratios                                                
ROE % ...                                 12.4 13.6 16.5 18.0 12.7    
ROA % ...                                 0.722 0.857 1.16 1.35 1.02    
Costs (As % Of Assets) % ...                                 0.523 0.579 0.639 0.702 0.662    
Costs (As % Of Income) %                                   35.0 37.2 34.9 33.1 33.6    
Capital Adequacy Ratio % ... ... ... ... ...                         16.8 17.8 20.3 23.1 26.7    
Net Interest Margin % ...                                 1.15 1.13 1.41 1.74 1.64    
Interest Income (As % Of Revenues) %                                   76.9 72.7 77.2 82.4 83.2    
Fee Income (As % Of Revenues) %                                   25.2 26.4 22.3 18.3 17.6    
Staff Cost (As % Of Total Cost) %                                   49.8 38.7 40.3 41.9 46.9    
Equity (As % Of Assets) %                                   5.95 6.67 7.39 7.57 8.51    
Loans (As % Of Deposits) %                                   45.8 56.5 68.8 66.9 73.9    
Loans (As % Assets) %                                   42.7 48.5 59.5 61.3 67.2    
NPLs (As % Of Loans) %                                   2.43 2.03 1.64 1.58 1.41    
Provisions (As % Of NPLs) %                                   79.3 80.0 66.8 62.1 78.8    
valuation                                                
Book Value Per Share Growth % ...                                 -18.3 -3.67 16.6 20.8 -5.10    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
income statement                                                
Interest Income CZK mil                                   2,100 1,942 1,984 2,121 1,998    
Interest Cost CZK mil                                   1,167 1,043 936 855 796    
Net Interest Income CZK mil                                   933 899 1,048 1,267 1,202    
Net Fee Income CZK mil                                   306 327 303 282 255    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 374 351    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 92.0 96.0    
Other Income CZK mil                                   -26.0 11.1 6.46 -11.0 -12.0    
Total Revenues CZK mil                                   1,213 1,237 1,358 1,538 1,445    
Staff Cost CZK mil                                   211 178 191 213 228    
Depreciation CZK mil                                   42.0 43.2 46.9 50.2 48.0    
Other Cost CZK mil                                   171 238 236 246 210    
Operating Cost CZK mil                                   424 460 474 510 486    
Operating Profit CZK mil                                   789 777 884 1,028 959    
Provisions CZK mil                                   85.0 -51.8 -161 -132 67.0    
Extra and Other Cost CZK mil                                   0 0.109 0 0.336 0    
Pre-Tax Profit CZK mil                                   704 829 1,045 1,160 892    
Tax CZK mil                                   118 149 185 182 142    
Minorities CZK mil                                   0 0 0 0 0    
Net Profit CZK mil                                   586 680 860 978 750    
Net Profit Avail. to Common CZK mil                                   586 680 860 978 750    
Dividends CZK mil ... ... ...                             500 600 800 ... 0    
growth rates                                                
Net Interest Income Growth % ...                                 -18.3 -3.67 16.6 20.8 -5.10    
Net Fee Income Growth % ...                                 15.9 6.91 -7.35 -6.96 -9.57    
Total Revenue Growth % ...                                 -10.5 1.98 9.78 13.2 -6.02    
Operating Cost Growth % ...                                 1.19 8.41 3.17 7.46 -4.63    
Operating Profit Growth % ...                                 -15.8 -1.48 13.7 16.3 -6.72    
Pre-Tax Profit Growth % ...                                 -6.38 17.8 26.0 11.0 -23.1    
Net Profit Growth % ...                                 -9.57 16.1 26.4 13.7 -23.3    
market share                                                
Market Share in Revenues %                                   0.673 0.690 0.713 0.761 0.801    
Market Share in Net Profit %                                   0.793 0.903 1.06 1.07 1.58    
Market Share in Employees %                                   0.427 0.434 0.454 0.450 0.484    
Market Share in Branches %                                   0.049 0.051 0.051 0.053 0.059    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
balance sheet                                                
Cash & Cash Equivalents CZK mil                                   20,108 19,232 2,545 1,475 1,498    
Interbank Loans CZK mil                                   7,991 4,559 0 14,981 7,971    
Customer Loans CZK mil                                   35,282 36,956 43,011 44,746 49,614    
Retail Loans CZK mil                                   30,929 35,560 39,583 43,367 48,151    
Mortgage Loans CZK mil                                   30,929 35,560 39,583 43,366 48,151    
Consumer Loans CZK mil                                   0 0 0 0 0    
Corporate Loans CZK mil                                   4,353 1,396 1,431 1,357 1,463    
Investments CZK mil                                   17,933 14,263 13,306 11,290 14,314    
Property and Equipment CZK mil                                   338 339 339 329 313    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   93.0 89.0 103 97.0 93.0    
Total Assets CZK mil                                   82,552 76,215 72,247 72,954 73,860    
                                                   
Shareholders' Equity CZK mil                                   4,910 5,083 5,342 5,520 6,282    
Of Which Minority Interest CZK mil                                   0 0 0 0 0    
Liabilities CZK mil                                   77,642 71,132 66,905 67,434 67,578    
Interbank Borrowing CZK mil                                   0 4,400 0 0 0    
Customer Deposits CZK mil                                   77,050 65,408 62,542 66,931 67,127    
Retail Deposits CZK mil                                   77,050 65,408 62,506 63,431 63,827    
Corporate Deposits CZK mil                                   0 0 35.1 3,500 3,300    
Issued Debt Securities CZK mil                                   0 0 0 0 0    
Other Liabilities CZK mil                                   592 1,324 4,363 503 451    
asset quality                                                
Non-Performing Loans CZK mil                                   876 762 679 712 708    
Gross Loans CZK mil                                   35,977 37,564 41,467 45,188 50,172    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   23,666 22,151 20,755 18,825 19,904    
Total Provisions CZK mil                                   695 610 454 442 558    
growth rates                                                
Customer Loan Growth % ...                                 1.34 4.74 16.4 4.03 10.9    
Retail Loan Growth % ...                                 -0.856 15.0 11.3 9.56 11.0    
Mortgage Loan Growth % ...                                 -0.856 15.0 11.3 9.56 11.0    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   20.2 -67.9 2.47 -5.16 7.81    
Total Asset Growth % ...                                 3.54 -7.68 -5.21 0.980 1.24    
Shareholders' Equity Growth % ...                                 7.51 3.52 5.10 3.33 13.8    
Customer Deposit Growth % ...                                 3.37 -15.1 -4.38 7.02 0.293    
Retail Deposit Growth % ...                                 3.37 -15.1 -4.44 1.48 0.624    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9,858 -5.71    
market share                                                
Market Share in Customer Loans %                                   1.20 1.20 1.30 1.30 1.38    
Market Share in Corporate Loans %                                   0.446 0.137 0.132 0.121 0.130    
Market Share in Retail Loans %                                   2.18 2.33 2.41 2.49 2.59    
Market Share in Consumer Loans %                                   0 0 0 0 0    
Market Share in Mortgage Loans %                                   2.94 3.10 3.18 3.26 3.35    
Market Share in Total Assets %                                   1.39 1.09 0.993 0.965 0.927    
Market Share in Customer Deposits %                                   2.05 1.57 1.41 1.41 1.30    
Market Share in Retail Deposits %                                   3.49 2.76 2.44 2.33 2.09    
Market Share in Corporate Deposits %                                   0 0 0.003 0.320 0.271    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                                 
ROE % ...                                 12.4 13.6 16.5 18.0 12.7    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 12.6 13.9 16.8 18.3 12.9    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 16.9 19.8 26.7 32.9 25.8    
ROA % ...                                 0.722 0.857 1.16 1.35 1.02    
Return on Loans %                                   1.67 1.88 2.15 2.23 1.59    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.40 3.39 4.12 5.19 4.95    
Costs (As % Of Assets) % ...                                 0.523 0.579 0.639 0.702 0.662    
Costs (As % Of Income) %                                   35.0 37.2 34.9 33.1 33.6    
Costs (As % Of Loans) % ...                                 1.21 1.27 1.19 1.16 1.03    
Costs (As % Of Loans & Deposits) % ...                                 0.383 0.428 0.456 0.469 0.426    
Capital Adequacy Ratio % ... ... ... ... ...                         16.8 17.8 20.3 23.1 26.7    
Tier 1 Ratio % ... ... ... ... ...                         16.6 17.7 20.1 23.1 26.7    
Net Interest Margin % ...                                 1.15 1.13 1.41 1.74 1.64    
Interest Spread % ...                                 1.06 1.04 1.32 1.65 1.54    
Asset Yield % ...                                 2.59 2.45 2.67 2.92 2.72    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5.23 5.40 6.33 7.77 7.46    
Cost Of Liabilities % ...                                 1.53 1.40 1.36 1.27 1.18    
Payout Ratio % ... ... ...                             85.3 88.2 93.0 ... 0    
Interest Income (As % Of Revenues) %                                   76.9 72.7 77.2 82.4 83.2    
Fee Income (As % Of Revenues) %                                   25.2 26.4 22.3 18.3 17.6    
Other Income (As % Of Revenues) %                                   -2.14 0.896 0.476 -0.715 -0.830    
Staff Cost (As % Of Total Cost) %                                   49.8 38.7 40.3 41.9 46.9    
Equity (As % Of Assets) %                                   5.95 6.67 7.39 7.57 8.51    
Equity (As % Of Loans) %                                   13.9 13.8 12.4 12.3 12.7    
Loans (As % Of Deposits) %                                   45.8 56.5 68.8 66.9 73.9    
Loans (As % Assets) %                                   42.7 48.5 59.5 61.3 67.2    
NPLs (As % Of Loans) %                                   2.43 2.03 1.64 1.58 1.41    
Provisions (As % Of NPLs) %                                   79.3 80.0 66.8 62.1 78.8    
Provisions (As % Of Loans) %                                   1.97 1.65 1.05 0.988 1.12    
Cost of Provisions (As % Of Loans) % ...                                 0.243 -0.143 -0.403 -0.301 0.142    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                                 
Branches                                   1.00 1.00 1.00 1.00 1.00    
Employees                                   175 182 190 187 197    
Employees Per Bank Branch                                   175 182 190 187 197    
Cost Per Employee USD per month                                   3,982 3,475 3,835 4,219 4,383    
Cost Per Employee (Local Currency) CZK per month                                   100,476 81,534 83,915 95,115 96,447    
customer breakdown Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                                 
Customers mil ...                                 0.726 0.611 0.578 0.581 0.570    
Number of Accounts mil ...                               ... ... ... ... ... ... ... ...
Number of Primary Customers mil ... ...                             ... ... ... ... ... ... ... ...
Number of Mortgages mil ... ...                             ... ... ... ... ... ... ... ...
Average Size of Deposit CZK ...                               ... ... ... ... ... ... ... ...
Average Size of Mortgage Loan CZK ... ...                             ... ... ... ... ... ... ... ...
Accounts (As % of Total Clients) % ...                               ... ... ... ... ... ... ... ...
Primary (As % of Total Clients) % ... ...                             ... ... ... ... ... ... ... ...
Mortgages (As % of Total Clients) % ... ...                             ... ... ... ... ... ... ... ...
Revenue per Customer (Local Currency) CZK ...                                 1,671 2,026 2,348 2,646 2,535    
Net Profit per Customer (Local Currency) CZK ...                                 807 1,114 1,487 1,683 1,316    
Loan per Customer (Local Currency) CZK ...                                 48,601 60,532 74,367 76,987 87,042    
Deposit per Customer (Local Currency) CZK ...                                 106,136 107,136 108,136 115,158 117,767    
Revenue per Customer USD ...                                 66.2 86.3 107 117 115    
Net Profit per Customer USD ...                                 32.0 47.5 68.0 74.6 59.8    
Loan per Customer USD ...                                 1,896 2,843 3,310 3,403 4,070    
Deposit per Customer USD ...                                 4,140 5,032 4,813 5,091 5,506    

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Stavebni Sporitelna Ceske Sporitelny - Market Share in Retail Loans

By Helgi Library - September 30, 2023

Stavebni Sporitelna Ceske Sporitelny's retail loans reached CZK 63,487 mil in the second quarter of 2023, up 2.28% compared to the previous year. Czech banking sector provided retail loans of CZK 2,203 bil in 2Q2023, up 2.19% when compared to the last year. ...

SSCS's net interest margin rose 2.53% yoy to 2.05% in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny's net interest margin amounted to 2.05% in the third quarter of 2023, up from 2.01% 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...

Stavebni Sporitelna Ceske Sporitelny - Market Share in Bank Deposits

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny's customer deposits reached CZK 59,717 mil in 2023-06-30, down 1.89% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,832 bil in 2023-06-30, up 3.12% when compared to the last year. ...

SSCS's corporate loans rose 11.2% yoy to CZK 1,755 mil in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny's loans reached CZK 67,122 mil in the third quarter of 2023, up from CZK 65,828 mil when compared to the previous quarter and up from CZK 62,653 mil when compared to the same period of last year. Historically, the ...

SSCS's capital adequacy ratio rose 7.37% yoy to 31.2% in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny's capital adequacy ratio reached 31.2% at the end of third quarter of 2023, down from 31.2% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 31.2% in 3Q2023 and an all time low of...

Stavebni Sporitelna Ceske Sporitelny - Market Share in Retail Deposits

By Helgi Library - September 30, 2023

Stavebni Sporitelna Ceske Sporitelny's retail deposits reached CZK 59,701 mil in 2023-06-30, down 1.89% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,513 bil in 2023-06-30, up 1.93% when compared to the last year. S...

SSCS's net profit fell 0.208% yoy to CZK 259 mil in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny made a net profit of CZK 259 mil in the third quarter of 2023, down 0.208% when compared to the same period of last year. This implies a return on equity of 11.8%. Historically, the bank’s net profit reached an all time high of ...

SSCS's net profit fell 0.208% yoy to CZK 259 mil in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny made a net profit of CZK 259 mil under revenues of CZK 438 mil in the third quarter of 2023, down 0.208% and 5.56% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all tim...

SSCS's employees fell 4.66% yoy to 184 in 3Q2023

By Helgi Library - November 24, 2023

Stavebni Sporitelna Ceske Sporitelny employed 184 persons in 2023-09-30, down 0.541% 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 rea...

SSCS's total revenues fell 4.92% yoy to CZK 442 mil in 2Q2023

By Helgi Library - September 30, 2023

Stavebni Sporitelna Ceske Sporitelny generated total banking revenues of CZK 442 mil in 2023-06-30, up 1.84% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 67,123 mil in 2023-06-30, up 20.3% when com...

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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.

Stavebni Sporitelna Ceske Sporitelny Logo

Finance

Stavebni Sporitelna Ceske Sporitelny has been growing its revenues and asset by 2.38% and -3.63% a year on average in the last 10 years. Its loans and deposits have grown by 5.12% and -4.45% a year during that time and loans to deposits ratio reached 103% at the end of 2022. The company achieved an average return on equity of 14.3% in the last decade with net profit growing 4.89% a year on average. In terms of operating efficiency, its cost to income ratio reached 26.3% in 2022, compared to 32.8% average in the last decade.

Equity represented 11.5% of total assets or 12.9% of loans at the end of 2022. Stavebni Sporitelna Ceske Sporitelny's non-performing loans were 1.01% of total loans while provisions covered some 98.3% of NPLs at the end of 2022.