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Stavebni Sporitelna Ceske Sporitelny

SSCS's capital adequacy ratio rose 31.9% yoy to 27.2% in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's capital adequacy ratio reached 27.2% at the end of third quarter of 2020, down from 28.2% ...

SSCS's mortgage loans rose 11.2% yoy to CZK 46,988 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's mortgage loans reached CZK 46,988 mil in 2020-09-30, up 3.21% compared to the previous year. ...

SSCS's customer deposits rose 0.272% yoy to CZK 62,715 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's customer deposits reached CZK 62,715 mil in 2020-09-30, down 0.193% compared to the previous y...

Profit Statement 2017 2018 2019
Net Interest Income CZK mil 899 1,048 1,267
Fee Income (As % Of Revenues) % 26.4 22.3 18.0
Other Income CZK mil 10.5 6.46 17.4
Total Revenues CZK mil 1,237 1,358 1,566
Staff Cost CZK mil 178 191 213
Operating Profit CZK mil 777 884 1,027
Provisions CZK mil -51.8 -161 -133
Net Profit CZK mil 680 860 978
Balance Sheet 2017 2018 2019
Interbank Loans CZK mil 4,559 0 22.0
Customer Loans CZK mil 36,956 43,011 46,376
Total Assets CZK mil 76,215 72,247 72,954
Shareholders' Equity CZK mil 5,083 5,342 5,520
Interbank Borrowing CZK mil 4,400 0 0
Customer Deposits CZK mil 65,408 62,542 63,431
Issued Debt Securities CZK mil 0 0 0
Ratios 2017 2018 2019
ROE % 13.6 16.5 18.0
ROA % 0.857 1.16 1.35
Costs (As % Of Assets) % 0.579 0.639 0.742
Costs (As % Of Income) % 37.2 34.9 34.4
Capital Adequacy Ratio % 17.8 20.3 23.4
Net Interest Margin % 1.13 1.41 1.74
Loans (As % Of Deposits) % 56.5 68.8 73.1
NPLs (As % Of Loans) % 2.03 1.64 1.61
Provisions (As % Of NPLs) % 80.0 66.8 12.4
Growth Rates 2017 2018 2019
Total Revenue Growth % 1.98 9.78 15.3
Operating Cost Growth % 8.41 3.17 13.6
Operating Profit Growth % -1.48 13.7 16.2
Net Profit Growth % 16.1 26.4 13.7
Customer Loan Growth % 4.74 16.4 7.83
Total Asset Growth % -7.68 -5.21 0.980
Customer Deposit Growth % -15.1 -4.38 1.42
Shareholders' Equity Growth % 3.52 5.10 3.33
Employees 182 190 187

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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
income statement                                          
Net Interest Income CZK mil                             1,142 1,183 1,142 933 899    
Total Revenues CZK mil                             1,167 1,347 1,356 1,213 1,237    
Operating Profit CZK mil                             756 955 937 789 777    
Net Profit CZK mil                             503 581 648 586 680    
balance sheet                                          
Interbank Loans CZK mil                             33,044 23,677 12,109 7,991 4,559    
Customer Loans CZK mil                             36,517 35,298 34,817 35,282 36,956    
Debt Securities CZK mil                             26,754 25,750 22,272 17,933 14,263    
Total Assets CZK mil                             99,231 87,284 79,727 82,552 76,215    
                                             
Shareholders' Equity CZK mil                             4,018 4,167 4,567 4,910 5,083    
Interbank Borrowing CZK mil                             0 0 0 0 4,400    
Customer Deposits CZK mil                             94,667 82,329 74,537 77,050 65,408    
Issued Debt Securities CZK mil                             0 0 0 0 0    
ratios                                          
ROE %                             11.0 14.2 14.8 12.4 13.6    
ROA %                             0.496 0.623 0.776 0.722 0.857    
Costs (As % Of Assets) %                             0.406 0.420 0.502 0.523 0.579    
Costs (As % Of Income) %                             35.2 29.1 30.9 35.0 37.2    
Capital Adequacy Ratio % ... ... ... ... ...                   13.4 11.8 16.3 16.8 17.8    
Net Interest Margin %                             1.13 1.27 1.37 1.15 1.13    
Interest Income (As % Of Revenues) %                             97.9 87.8 84.2 76.9 72.7    
Fee Income (As % Of Revenues) %                             7.88 16.7 19.5 25.2 26.4    
Staff Cost (As % Of Total Cost) %                             45.5 46.7 43.0 49.8 38.7    
Equity (As % Of Assets) %                             4.05 4.77 5.73 5.95 6.67    
Loans (As % Of Deposits) %                             38.6 42.9 46.7 45.8 56.5    
Loans (As % Assets) %                             36.8 40.4 43.7 42.7 48.5    
NPLs (As % Of Loans) %                             4.81 4.60 2.59 2.43 2.03    
Provisions (As % Of NPLs) %                             59.3 67.6 60.9 79.3 80.0    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                          
Interest Income CZK mil                             3,187 2,844 2,487 2,100 1,942    
Interest Cost CZK mil                             2,045 1,661 1,345 1,167 1,043    
Net Interest Income CZK mil                             1,142 1,183 1,142 933 899    
Net Fee Income CZK mil                             92.0 225 264 306 327    
Other Income CZK mil                             -67.0 -61.0 -50.0 -26.0 10.5    
Total Revenues CZK mil                             1,167 1,347 1,356 1,213 1,237    
Staff Cost CZK mil                             187 183 180 211 178    
Depreciation CZK mil                             53.0 51.0 81.0 42.0 43.2    
Other Cost CZK mil                             171 158 158 171 238    
Operating Cost CZK mil                             411 392 419 424 460    
Operating Profit CZK mil                             756 955 937 789 777    
Provisions CZK mil                             216 311 185 85.0 -51.8    
Extra and Other Cost CZK mil                             1.00 0 0 0 0.109    
Pre-Tax Profit CZK mil                             539 644 752 704 829    
Tax CZK mil                             36.0 63.0 104 118 149    
Minorities CZK mil                             0 0 0 0 0    
Net Profit CZK mil                             503 581 648 586 680    
Dividends CZK mil ... ... ...                       440 250 250 500 ... ... ...
growth rates                                          
Net Interest Income Growth % ...                           -24.0 3.59 -3.47 -18.3 -3.61    
Net Fee Income Growth % ...                           -47.8 145 17.3 15.9 6.91    
Total Revenue Growth % ...                           -27.7 15.4 0.668 -10.5 1.98    
Operating Cost Growth % ...                           -11.0 -4.62 6.89 1.19 8.41    
Operating Profit Growth % ...                           -34.4 26.3 -1.88 -15.8 -1.48    
Pre-Tax Profit Growth % ...                           -39.4 19.5 16.8 -6.38 17.8    
Net Profit Growth % ...                           -36.3 15.5 11.5 -9.57 16.1    
market share                                          
Market Share in Revenues %                             0.694 0.802 0.779 0.673 0.690   ...
Market Share in Net Profit % ...                           0.824 0.921 0.977 0.797 0.903   ...
Market Share in Employees %                             0.519 0.515 0.464 0.427 0.434   ...
Market Share in Branches %                             0.045 0.045 0.046 0.049 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
balance sheet                                          
Cash CZK mil                             1,139 1,025 9,181 20,108 19,232    
Interbank Loans CZK mil                             33,044 23,677 12,109 7,991 4,559    
Customer Loans CZK mil                             36,517 35,298 34,817 35,282 36,956    
Retail Loans CZK mil                             36,517 33,183 31,196 30,929 35,560    
Mortgage Loans CZK mil                             36,517 33,183 31,196 30,929 35,560    
Consumer Loans CZK mil                             0 0 0 0 0    
Corporate Loans CZK mil                             0 2,115 3,621 4,353 1,396    
Debt Securities CZK mil                             26,754 25,750 22,272 17,933 14,263    
Fixed Assets CZK mil                             499 478 436 431 428    
Total Assets CZK mil                             99,231 87,284 79,727 82,552 76,215    
                                             
Shareholders' Equity CZK mil                             4,018 4,167 4,567 4,910 5,083    
Of Which Minority Interest CZK mil                             0 0 0 0 0    
Liabilities CZK mil                             95,213 83,117 75,160 77,642 70,400    
Interbank Borrowing CZK mil                             0 0 0 0 4,400    
Customer Deposits CZK mil                             94,667 82,329 74,537 77,050 65,408    
Retail Deposits CZK mil                             94,667 82,329 74,537 77,050 65,408    
Corporate Deposits CZK mil                             0 0 0 0 0    
Issued Debt Securities CZK mil                             0 0 0 0 0    
Other Liabilities CZK mil                             546 788 623 592 592    
asset quality                                          
Non-Performing Loans CZK mil                             1,807 1,677 917 876 762    
Gross Loans CZK mil                             37,588 36,431 35,375 35,977 37,564    
Total Provisions CZK mil                             1,071 1,133 558 695 610    
growth rates                                          
Customer Loan Growth % ...                           -5.42 -3.34 -1.36 1.34 4.74    
Retail Loan Growth % ...                           -5.42 -9.13 -5.99 -0.856 15.0    
Mortgage Loan Growth % ...                           -5.42 -9.13 -5.99 -0.856 15.0    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 71.2 20.2 -67.9    
Total Asset Growth % ...                           -4.09 -12.0 -8.66 3.54 -7.68    
Shareholders' Equity Growth % ...                           -21.4 3.71 9.60 7.51 3.52    
Customer Deposit Growth % ...                           -3.14 -13.0 -9.46 3.37 -15.1    
Retail Deposit Growth % ...                           -3.14 -13.0 -9.46 3.37 -15.1    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
market share                                          
Market Share in Customer Loans %                             1.45 1.34 1.25 1.20 1.20    
Market Share in Corporate Loans %                             0 0.242 0.393 0.446 0.137    
Market Share in Retail Loans %                             0 0 0 0 0    
Market Share in Consumer Loans %                             3.09 2.70 2.36 2.18 2.32    
Market Share in Mortgage Loans %                             4.28 3.69 3.21 2.94 3.10    
Market Share in Total Assets %                             1.91 1.62 1.44 1.37 1.08    
Market Share in Customer Deposits %                             2.83 2.40 2.12 2.05 1.57    
Market Share in Retail Deposits %                             5.22 4.28 3.66 3.49 2.76    
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 2018 2019
ratios                                          
ROE %                             11.0 14.2 14.8 12.4 13.6    
ROA %                             0.496 0.623 0.776 0.722 0.857    
Costs (As % Of Assets) %                             0.406 0.420 0.502 0.523 0.579    
Costs (As % Of Income) %                             35.2 29.1 30.9 35.0 37.2    
Capital Adequacy Ratio % ... ... ... ... ...                   13.4 11.8 16.3 16.8 17.8    
Tier 1 Ratio % ... ... ... ... ...                   13.4 11.8 16.3 16.6 17.7    
Net Interest Margin %                             1.13 1.27 1.37 1.15 1.13    
Interest Spread % ...                           1.03 1.19 1.28 1.06 1.04    
Asset Yield %                             3.14 3.05 2.98 2.59 2.45    
Cost Of Liabilities % ...                           2.11 1.86 1.70 1.53 1.41    
Payout Ratio % ... ... ...                       87.5 43.0 38.6 85.3 ... ... ...
Interest Income (As % Of Revenues) %                             97.9 87.8 84.2 76.9 72.7    
Fee Income (As % Of Revenues) %                             7.88 16.7 19.5 25.2 26.4    
Other Income (As % Of Revenues) %                             -5.74 -4.53 -3.69 -2.14 0.847    
Cost Per Employee USD per month                             3,811 3,430 3,290 3,982 3,475    
Cost Per Employee (Local Currency) CZK per month                             74,561 73,317 78,534 100,476 81,534    
Staff Cost (As % Of Total Cost) %                             45.5 46.7 43.0 49.8 38.7    
Equity (As % Of Assets) %                             4.05 4.77 5.73 5.95 6.67    
Loans (As % Of Deposits) %                             38.6 42.9 46.7 45.8 56.5    
Loans (As % Assets) %                             36.8 40.4 43.7 42.7 48.5    
NPLs (As % Of Loans) %                             4.81 4.60 2.59 2.43 2.03    
Provisions (As % Of NPLs) %                             59.3 67.6 60.9 79.3 80.0    
Provisions (As % Of Loans) %                             2.93 3.21 1.60 1.97 1.65    
Cost of Provisions (As % Of Loans) %                             0.575 0.866 0.528 0.243 -0.143    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                           
Branches                             1.00 1.00 1.00 1.00 1.00    
Employees                             209 208 191 175 182    
Number Of Loan Contracts '000 ... ...                         163 152 ... ... ... ... ...
Sale Of New Loan Contracts '000 ... ...       ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ...
Number Of Deposit Contracts '000 ...                           928 791 ... ... ... ... ...
Sale Of New Deposit Contracts '000 ... ...                   ... ... ... ... ... ... ... ... ... ...
Number Of All Contracts '000 ... ...                         923 806 ... ... ... ... ...
Size Of Average Loan CZK mil ... ...                         0.223 0.233 ... ... ... ... ...
Size Of Average Deposit CZK mil ...                           0.102 0.104 ... ... ... ... ...

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SSCS's customer loans rose 8.00% yoy to CZK 49,081 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's customer loans reached CZK 49,081 mil in 2020-09-30, up 3.03% compared to the previous year. Czech banking sector provided customer loans of CZK 3,619 bil in 2020-09-30, up 1.08% when compared to the last year. Stave...

SSCS's retail loans rose 11.2% yoy to CZK 46,988 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's retail loans reached CZK 46,988 mil in the third quarter of 2020, up 3.21% compared to the previous year. Czech banking sector provided retail loans of CZK 1,825 bil in 3Q2020, up 1.91% when compared to the last year. ...

SSCS's net profit fell 38.3% yoy to CZK 170 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny made a net profit of CZK 170 mil in the third quarter of 2020, down 38.3% when compared to the same period of last year. This implies a return on equity of 11.2%. Historically, the bank’s net profit reached an all time high of ...

SSCS's net profit fell 38.3% yoy to CZK 170 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny made a net profit of CZK 170 mil under revenues of CZK 347 mil in the third quarter of 2020, down 38.3% and 11% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time h...

SSCS's npls (as % of loans) fell 21.1% yoy to 1.34% in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's non-performing loans reached 1.34% of total loans at the end of 2020-09-30, down from 1.70% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.91% in 2014-03-31 and an all time low of 0.834%...

SSCS's net interest margin fell 13.6% yoy to 1.63% in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's net interest margin amounted to 1.63% in the third quarter of 2020, down from 1.87% 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 ...

SSCS's total revenues fell 11.0% yoy to CZK 347 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny generated total banking revenues of CZK 347 mil in 2020-09-30, down 13.9% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 41,746 mil in 2020-09-30, down 13.4% when...

SSCS's employees rose 0.535% yoy to 188 in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny employed 188 persons in 2020-09-30, up 0.535% 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 reach...

SSCS's retail deposits rose 0.272% yoy to CZK 62,700 mil in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's retail deposits reached CZK 62,700 mil in 2020-09-30, down 0.193% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,961 bil in 2020-09-30, up 2.15% when compared to the last year. ...

SSCS's costs (as % of assets) rose 4.71% yoy to 0.657% in 3Q2020

By Helgi Analytics - February 16, 2021

Stavebni Sporitelna Ceske Sporitelny's cost to income ratio reached 32.8% in the third quarter of 2020, up from 28.1% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 63.5% of income in 4Q2003 and an all time low ...

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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 -4.30% and -3.19% a year on average in the last 10 years. Its loans and deposits have grown by 0.291% and -3.96% a year during that time and loans to deposits ratio reached 73.1% at the end of 2019. The company achieved an average return on equity of 15.9% in the last decade with net profit growing -4.24% a year on average. In terms of operating efficiency, its cost to income ratio reached 34.4% in 2019, compared to 30.7% average in the last decade.

Equity represented 7.57% of total assets or 11.9% of loans at the end of 2019. Stavebni Sporitelna Ceske Sporitelny's non-performing loans were 1.61% of total loans while provisions covered some 12.4% of NPLs at the end of 2019.