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Stavebni Sporitelna Ceske Sporitelny

SSCS's corporate deposits fell 5.71% yoy to CZK 3,300 mil in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's corporate deposits reached CZK 3,300 mil in 2020, down 5.71% compared to the previous year. ...

SSCS's capital adequacy ratio rose 15.7% yoy to 26.7% in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's capital adequacy ratio reached 26.7% at the end of 2020, up from 23.1% compared to the pre...

SSCS's capital adequacy ratio rose 15.7% yoy to 26.7% in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's capital adequacy ratio reached 26.7% at the end of 2020, up from 23.1% compared to the pre...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 1,048 1,267 1,202
Net Fee Income CZK mil 303 282 255
Other Income CZK mil 6.46 -11.0 -12.0
Total Revenues CZK mil 1,358 1,538 1,445
Staff Cost CZK mil 191 213 228
Operating Profit CZK mil 884 1,028 959
Provisions CZK mil -161 -132 67.0
Net Profit CZK mil 860 978 750
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 0 14,981 7,971
Customer Loans CZK mil 43,011 44,746 49,614
Investments CZK mil 13,306 11,290 14,314
Total Assets CZK mil 72,247 72,954 73,860
Shareholders' Equity CZK mil 5,342 5,520 6,282
Interbank Borrowing CZK mil 0 0 0
Customer Deposits CZK mil 62,542 66,931 67,127
Issued Debt Securities CZK mil 0 0 0
Ratios 2018 2019 2020
ROE % 16.5 18.0 12.7
ROA % 1.16 1.35 1.02
Costs (As % Of Assets) % 0.639 0.702 0.662
Costs (As % Of Income) % 34.9 33.1 33.6
Capital Adequacy Ratio % 20.3 23.1 26.7
Net Interest Margin % 1.41 1.74 1.64
Loans (As % Of Deposits) % 68.8 66.9 73.9
NPLs (As % Of Loans) % 1.64 1.58 1.41
Provisions (As % Of NPLs) % 66.8 62.1 78.8
Growth Rates 2018 2019 2020
Total Revenue Growth % 9.78 13.2 -6.02
Operating Cost Growth % 3.17 7.46 -4.63
Operating Profit Growth % 13.7 16.3 -6.72
Net Profit Growth % 26.4 13.7 -23.3
Customer Loan Growth % 16.4 4.03 10.9
Total Asset Growth % -5.21 0.980 1.24
Customer Deposit Growth % -4.38 7.02 0.293
Shareholders' Equity Growth % 5.10 3.33 13.8
Employees 190 187 197

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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
income statement                                            
Net Interest Income CZK mil                               1,183 1,142 933 899 1,048    
Total Revenues CZK mil                               1,347 1,356 1,213 1,237 1,358    
Operating Profit CZK mil                               955 937 789 777 884    
Net Profit CZK mil                               581 648 586 680 860    
balance sheet                                            
Interbank Loans CZK mil                               23,677 12,109 7,991 4,559 0    
Customer Loans CZK mil                               35,298 34,817 35,282 36,956 43,011    
Investments CZK mil                               25,750 22,272 17,933 14,263 13,306    
Total Assets CZK mil                               87,284 79,727 82,552 76,215 72,247    
                                               
Shareholders' Equity CZK mil                               4,167 4,567 4,910 5,083 5,342    
Interbank Borrowing CZK mil                               0 0 0 4,400 0    
Customer Deposits CZK mil                               82,329 74,537 77,050 65,408 62,542    
Issued Debt Securities CZK mil                               0 0 0 0 0    
ratios                                            
ROE % ...                             14.2 14.8 12.4 13.6 16.5    
ROA % ...                             0.623 0.776 0.722 0.857 1.16    
Costs (As % Of Assets) % ...                             0.420 0.502 0.523 0.579 0.639    
Costs (As % Of Income) %                               29.1 30.9 35.0 37.2 34.9    
Capital Adequacy Ratio % ... ... ... ... ...                     11.8 16.3 16.8 17.8 20.3    
Net Interest Margin % ...                             1.27 1.37 1.15 1.13 1.41    
Interest Income (As % Of Revenues) %                               87.8 84.2 76.9 72.7 77.2    
Fee Income (As % Of Revenues) %                               16.7 19.5 25.2 26.4 22.3    
Staff Cost (As % Of Total Cost) %                               46.7 43.0 49.8 38.7 40.3    
Equity (As % Of Assets) %                               4.77 5.73 5.95 6.67 7.39    
Loans (As % Of Deposits) %                               42.9 46.7 45.8 56.5 68.8    
Loans (As % Assets) %                               40.4 43.7 42.7 48.5 59.5    
NPLs (As % Of Loans) %                               4.60 2.59 2.43 2.03 1.64    
Provisions (As % Of NPLs) %                               67.6 60.9 79.3 80.0 66.8    
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
income statement                                            
Interest Income CZK mil                               2,844 2,487 2,100 1,942 1,984    
Interest Cost CZK mil                               1,661 1,345 1,167 1,043 936    
Net Interest Income CZK mil                               1,183 1,142 933 899 1,048    
Net Fee Income CZK mil                               225 264 306 327 303    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Income CZK mil                               -61.0 -50.0 -26.0 11.1 6.46    
Total Revenues CZK mil                               1,347 1,356 1,213 1,237 1,358    
Staff Cost CZK mil                               183 180 211 178 191    
Depreciation CZK mil                               51.0 81.0 42.0 43.2 46.9    
Other Cost CZK mil                               158 158 171 238 236    
Operating Cost CZK mil                               392 419 424 460 474    
Operating Profit CZK mil                               955 937 789 777 884    
Provisions CZK mil                               311 185 85.0 -51.8 -161    
Extra and Other Cost CZK mil                               0 0 0 0.109 0    
Pre-Tax Profit CZK mil                               644 752 704 829 1,045    
Tax CZK mil                               63.0 104 118 149 185    
Minorities CZK mil                               0 0 0 0 0    
Net Profit CZK mil                               581 648 586 680 860    
Net Profit Avail. to Common CZK mil                               581 648 586 680 860    
Dividends CZK mil ... ... ...                         250 250 500 600 800 ... ...
growth rates                                            
Net Interest Income Growth % ...                             3.59 -3.47 -18.3 -3.67 16.6    
Net Fee Income Growth % ...                             145 17.3 15.9 6.91 -7.35    
Total Revenue Growth % ...                             15.4 0.668 -10.5 1.98 9.78    
Operating Cost Growth % ...                             -4.62 6.89 1.19 8.41 3.17    
Operating Profit Growth % ...                             26.3 -1.88 -15.8 -1.48 13.7    
Pre-Tax Profit Growth % ...                             19.5 16.8 -6.38 17.8 26.0    
Net Profit Growth % ...                             15.5 11.5 -9.57 16.1 26.4    
market share                                            
Market Share in Revenues %                               0.802 0.779 0.673 0.690 0.713 ... ...
Market Share in Net Profit % ...                             0.921 0.977 0.797 0.903 1.06 ... ...
Market Share in Employees %                               0.515 0.464 0.427 0.434 0.454 ... ...
Market Share in Branches %                               0.045 0.046 0.049 0.051 0.051 ... ...
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
balance sheet                                            
Cash & Cash Equivalents CZK mil                               1,025 9,181 20,108 19,232 2,545    
Interbank Loans CZK mil                               23,677 12,109 7,991 4,559 0    
Customer Loans CZK mil                               35,298 34,817 35,282 36,956 43,011    
Retail Loans CZK mil                               33,183 31,196 30,929 35,560 39,583    
Mortgage Loans CZK mil                               33,183 31,196 30,929 35,560 39,583    
Consumer Loans CZK mil                               0 0 0 0 0    
Corporate Loans CZK mil                               2,115 3,621 4,353 1,396 1,431    
Investments CZK mil                               25,750 22,272 17,933 14,263 13,306    
Property and Equipment CZK mil                               478 436 431 428 442    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets CZK mil                               87,284 79,727 82,552 76,215 72,247    
                                               
Shareholders' Equity CZK mil                               4,167 4,567 4,910 5,083 5,342    
Of Which Minority Interest CZK mil                               0 0 0 0 0    
Liabilities CZK mil                               83,117 75,160 77,642 71,132 66,905    
Interbank Borrowing CZK mil                               0 0 0 4,400 0    
Customer Deposits CZK mil                               82,329 74,537 77,050 65,408 62,542    
Retail Deposits CZK mil                               82,329 74,537 77,050 65,408 62,506    
Corporate Deposits CZK mil                               0 0 0 0 35.1    
Issued Debt Securities CZK mil                               0 0 0 0 0    
Other Liabilities CZK mil                               788 623 592 1,324 4,363    
asset quality                                            
Non-Performing Loans CZK mil                               1,677 917 876 762 679    
Gross Loans CZK mil                               36,431 35,375 35,977 37,564 41,467    
Total Provisions CZK mil                               1,133 558 695 610 454    
growth rates                                            
Customer Loan Growth % ...                             -3.34 -1.36 1.34 4.74 16.4    
Retail Loan Growth % ...                             -9.13 -5.99 -0.856 15.0 11.3    
Mortgage Loan Growth % ...                             -9.13 -5.99 -0.856 15.0 11.3    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 71.2 20.2 -67.9 2.47    
Total Asset Growth % ...                             -12.0 -8.66 3.54 -7.68 -5.21    
Shareholders' Equity Growth % ...                             3.71 9.60 7.51 3.52 5.10    
Customer Deposit Growth % ...                             -13.0 -9.46 3.37 -15.1 -4.38    
Retail Deposit Growth % ...                             -13.0 -9.46 3.37 -15.1 -4.44    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
market share                                            
Market Share in Customer Loans %                               1.34 1.25 1.20 1.20 1.30    
Market Share in Corporate Loans %                               0.242 0.393 0.446 0.137 0.132    
Market Share in Retail Loans %                               0 0 0 0 0    
Market Share in Consumer Loans %                               2.70 2.36 2.18 2.32 2.41    
Market Share in Mortgage Loans %                               3.69 3.21 2.94 3.10 3.18    
Market Share in Total Assets %                               1.62 1.44 1.37 1.08 0.985    
Market Share in Customer Deposits %                               2.40 2.12 2.05 1.57 1.41    
Market Share in Retail Deposits %                               4.28 3.66 3.49 2.76 2.44    
Market Share in Corporate Deposits %                               0 0 0 0 0.003    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                             
ROE % ...                             14.2 14.8 12.4 13.6 16.5    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
ROA % ...                             0.623 0.776 0.722 0.857 1.16    
Return on Loans % ...                             1.62 1.85 1.67 1.88 2.15    
operating profit (as % of rwa)                                            
Costs (As % Of Assets) % ...                             0.420 0.502 0.523 0.579 0.639    
Costs (As % Of Income) %                               29.1 30.9 35.0 37.2 34.9    
Costs (As % Of Loans) % ...                             1.09 1.20 1.21 1.27 1.19    
Costs (As % Of Loans & Deposits) % ...                             0.315 0.369 0.383 0.428 0.456    
Capital Adequacy Ratio % ... ... ... ... ...                     11.8 16.3 16.8 17.8 20.3    
Tier 1 Ratio % ... ... ... ... ...                     11.8 16.3 16.6 17.7 20.1    
Net Interest Margin % ...                             1.27 1.37 1.15 1.13 1.41    
Interest Spread % ...                             1.19 1.28 1.06 1.04 1.32    
Asset Yield % ...                             3.05 2.98 2.59 2.45 2.67    
revenues (as % of rwa)                                            
Cost Of Liabilities % ...                             1.86 1.70 1.53 1.40 1.36    
Payout Ratio % ... ... ...                         43.0 38.6 85.3 88.2 93.0 ... ...
Interest Income (As % Of Revenues) %                               87.8 84.2 76.9 72.7 77.2    
Fee Income (As % Of Revenues) %                               16.7 19.5 25.2 26.4 22.3    
Other Income (As % Of Revenues) %                               -4.53 -3.69 -2.14 0.896 0.476    
Staff Cost (As % Of Total Cost) %                               46.7 43.0 49.8 38.7 40.3    
Equity (As % Of Assets) %                               4.77 5.73 5.95 6.67 7.39    
Equity (As % Of Loans) %                               11.8 13.1 13.9 13.8 12.4    
Loans (As % Of Deposits) %                               42.9 46.7 45.8 56.5 68.8    
Loans (As % Assets) %                               40.4 43.7 42.7 48.5 59.5    
NPLs (As % Of Loans) %                               4.60 2.59 2.43 2.03 1.64    
Provisions (As % Of NPLs) %                               67.6 60.9 79.3 80.0 66.8    
Provisions (As % Of Loans) %                               3.21 1.60 1.97 1.65 1.05    
Cost of Provisions (As % Of Loans) % ...                             0.866 0.528 0.243 -0.143 -0.403    
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
                                             
Branches                               1.00 1.00 1.00 1.00 1.00    
Employees                               208 191 175 182 190    
Employees Per Bank Branch                               208 191 175 182 190    
Cost Per Employee USD per month                               3,430 3,290 3,982 3,475 3,836    
Cost Per Employee (Local Currency) CZK per month                               73,317 78,534 100,476 81,534 83,915    
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
                                             
Customers mil ...                             0.791 0.709 0.726 0.611 0.578   ...
Number of Accounts mil ...                             0.791 ... ... ... ... ... ...
Number of Primary Customers mil ... ...                           0.152 ... ... ... ... ... ...
Number of Mortgages mil ... ...                           0.152 ... ... ... ... ... ...
Average Size of Deposit CZK ...                             104,136 ... ... ... ... ... ...
Average Size of Mortgage Loan CZK ... ...                           218,995 ... ... ... ... ... ...
Accounts (As % of Total Clients) % ...                             100 ... ... ... ... ... ...
Primary (As % of Total Clients) % ... ...                           19.2 ... ... ... ... ... ...
Mortgages (As % of Total Clients) % ... ...                           19.2 ... ... ... ... ... ...
Revenue per Customer (Local Currency) CZK ...                             1,704 1,913 1,671 2,026 2,348   ...
Net Profit per Customer (Local Currency) CZK ...                             735 914 807 1,114 1,487   ...
Loan per Customer (Local Currency) CZK ...                             44,648 49,110 48,601 60,533 74,367   ...
Deposit per Customer (Local Currency) CZK ...                             104,136 105,136 106,136 107,136 108,136   ...
Revenue per Customer USD ...                             79.7 80.1 66.2 86.3 107   ...
Net Profit per Customer USD ...                             34.4 38.3 32.0 47.5 68.0   ...
Loan per Customer USD ...                             1,948 1,978 1,896 2,843 3,310   ...
Deposit per Customer USD ...                             4,545 4,235 4,140 5,032 4,813   ...

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SSCS's mortgage loans rose 11.0% yoy to CZK 48,151 mil in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's mortgage loans reached CZK 48,151 mil in 2020, up 11.0% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,436 bil in 2020, up 7.98% when compared to the last year. Stavebni Sporitel...

SSCS's customer loans rose 10.9% yoy to CZK 49,614 mil in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's customer loans reached CZK 49,614 mil in 2020, up 10.9% compared to the previous year. Czech banking sector provided customer loans of CZK 3,596 bil in 2020, up 4.20% when compared to the last year. Stavebni Sporitel...

SSCS's net profit fell 23.3% yoy to CZK 750 mil in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny made a net profit of CZK 750 mil in 2020, down 23.3% compared to the previous year. This implies a return on equity of 12.7%. Historically, the bank’s net profit reached an all time high of CZK 1,508 mil in 2009 and an all t...

SSCS's npls (as % of loans) fell 10.4% yoy to 1.41% in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's non-performing loans reached 1.41% of total loans at the end of 2020, down from 1.58% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.81% in 2013 and an all time low of 0.303% in 2000. ...

SSCS's net profit fell 23.3% yoy to CZK 750 mil in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny made a net profit of CZK 750 mil under revenues of CZK 1,445 mil in 2020, up -23.3% and -6.02% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of CZK 1,508 mil in 2009 and an al...

SSCS's net interest margin fell 6.15% yoy to 1.64% in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's net interest margin amounted to 1.64% in 2020, down from 1.74% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 2.48% in 2000 and an all time low of 0.883% in 2003...

SSCS's employees rose 5.35% yoy to 197 in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny employed 197 persons in 2020, up 5.35% when compared to the previous year. Historically, the bank's workforce hit an all time high of 306 persons in 2002 and an all time low of 175 in 2016. Average cost reached USD 4,383 per mo...

SSCS's customer deposits rose 0.293% yoy to CZK 67,127 mil in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's customer deposits reached CZK 67,127 mil in 2020, up 0.293% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,162 bil in 2020, up 8.92% when compared to the last year. Stavebni S...

SSCS's total revenues rose 9.78% yoy to CZK 1,358 mil in 2018

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny generated total banking revenues of CZK 1,358 mil in 2018, up 9.78% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 190,399 mil in 2018, up 6.26% when compared to ...

SSCS's retail deposits rose 0.624% yoy to CZK 63,827 mil in 2020

By Helgi Analytics - September 28, 2021

Stavebni Sporitelna Ceske Sporitelny's retail deposits reached CZK 63,827 mil in 2020, up 0.624% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,057 bil in 2020, up 12.2% when compared to the last year. Stavebni Spori...

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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 -4.40% and -3.27% a year on average in the last 10 years. Its loans and deposits have grown by 1.14% and -3.67% a year during that time and loans to deposits ratio reached 73.9% at the end of 2020. The company achieved an average return on equity of 14.8% in the last decade with net profit growing -5.11% a year on average. In terms of operating efficiency, its cost to income ratio reached 33.6% in 2020, compared to 32.0% average in the last decade.

Equity represented 8.51% of total assets or 12.7% of loans at the end of 2020. Stavebni Sporitelna Ceske Sporitelny's non-performing loans were 1.41% of total loans while provisions covered some 78.8% of NPLs at the end of 2020.