Steiermarkische Sparkasse

Steierm. Sparkasse's net profit fell 3.03% to EUR 167 mil in 2017

By Helgi Analytics - June 13, 2018

Steiermarkische Sparkasse made a net profit of EUR 167 mil in 2017, down 3.03% compared to the previous year. This implies a ret...

Steierm. Sparkasse's npls (as % of loans) fell 8.18% to 4.29% in 2017

By Helgi Analytics - June 13, 2018

Steiermarkische Sparkasse's non-performing loans reached 4.29% of total loans at the end of 2017, down from 4.67% compared to the...

Steierm. Sparkasse's customer deposits rose 10.4% to EUR 10,739 mil in 2017

By Helgi Analytics - September 29, 2018

Steiermarkische Sparkasse's customer deposits reached EUR 10,739 mil in 2017, up 10.4% compared to the previous year. Austrian ...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 249 240 242
Fee Income (As % Of Revenues) % 35.6 27.8 29.5
Other Income EUR mil -28.5 79.3 63.9
Total Revenues EUR mil 343 442 434
Staff Cost EUR mil 150 152 147
Operating Profit EUR mil 118 201 190
Provisions EUR mil 23.7 -20.1 -15.6
Net Profit EUR mil 30.1 172 167
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 1,960 1,592 2,015
Customer Loans EUR mil 9,966 10,137 10,521
Debt Securities EUR mil 1,583 1,538 1,481
Total Assets EUR mil 14,418 14,230 15,007
Shareholders' Equity EUR mil 1,197 1,367 1,549
Interbank Borrowing EUR mil 1,783 1,312 1,103
Customer Deposits EUR mil 9,210 9,730 10,739
Issued Debt Securities EUR mil 1,865 1,485 1,276
Ratios 2015 2016 2017
ROE % 2.55 13.4 11.4
ROA % 0.209 1.20 1.14
Costs (As % Of Assets) % 1.56 1.68 1.67
Costs (As % Of Income) % 65.5 54.5 56.1
Capital Adequacy Ratio % 15.6 19.0 20.3
Net Interest Margin % 1.73 1.67 1.65
Loans (As % Of Deposits) % 108 104 98.0
NPLs (As % Of Loans) % 5.77 4.67 4.29
Provisions (As % Of NPLs) % 62.5 63.3 59.2
Growth Rates 2015 2016 2017
Total Revenue Growth % -12.4 28.7 -1.88
Operating Cost Growth % 1.44 7.16 1.04
Operating Profit Growth % -30.4 69.7 -5.38
Net Profit Growth % -64.2 471 -3.03
Customer Loan Growth % 0.321 1.72 3.79
Total Asset Growth % -0.212 -1.30 5.46
Customer Deposit Growth % 4.55 5.65 10.4
Shareholders' Equity Growth % 3.07 14.2 13.3
Employees 2,352 2,380 2,346

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Net Interest Income EUR mil               264 249 240 250 249    
Total Revenues EUR mil               414 392 367 392 343    
Operating Profit EUR mil               192 171 150 170 118    
Net Profit EUR mil               62.5 75.9 60.4 84.1 30.1    
balance sheet                            
Interbank Loans EUR mil               1,856 2,025 1,876 1,846 1,960    
Customer Loans EUR mil               10,036 9,919 9,783 9,934 9,966    
Debt Securities EUR mil               1,512 1,692 1,678 1,704 1,583    
Total Assets EUR mil               14,291 14,573 14,237 14,449 14,418    
Shareholders' Equity EUR mil               865 1,034 1,056 1,162 1,197    
Interbank Borrowing EUR mil               2,566 2,425 2,078 2,166 1,783    
Customer Deposits EUR mil               8,290 8,381 8,499 8,809 9,210    
Issued Debt Securities EUR mil               2,124 2,292 2,275 1,911 1,865    
ratios                            
ROE %               7.30 7.99 5.78 7.58 2.55    
ROA %               0.441 0.526 0.419 0.586 0.209    
Costs (As % Of Assets) %               1.56 1.54 1.50 1.55 1.56    
Costs (As % Of Income) %               53.5 56.5 59.1 56.6 65.5    
Capital Adequacy Ratio % ... ... ... ... ... ...   13.8 14.0 14.6 14.2 15.6    
Net Interest Margin %               1.86 1.72 1.67 1.74 1.73    
Interest Income (As % Of Revenues) %               63.7 63.4 65.5 63.9 72.7    
Fee Income (As % Of Revenues) %               24.0 25.9 29.3 29.4 35.6    
Staff Cost (As % Of Total Cost) %     ... ... ... ...   67.6 68.0 68.7 67.2 66.5    
Equity (As % Of Assets) %               6.05 7.10 7.42 8.04 8.30    
Loans (As % Of Deposits) %               121 118 115 113 108    
Loans (As % Assets) %               70.2 68.1 68.7 68.8 69.1    
NPLs (As % Of Loans) % ... ... ... ... ... ...   7.82 7.45 7.48 6.53 5.77    
Provisions (As % Of NPLs) % ... ... ... ... ... ...   56.1 56.7 58.1 63.8 62.5    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                            
Interest Income EUR mil               450 430 373 364 334    
Interest Cost EUR mil               186 181 133 113 84.7    
Net Interest Income EUR mil               264 249 240 250 249    
Net Fee Income EUR mil               99.3 102 108 115 122    
Other Income EUR mil               51.0 41.9 19.0 26.4 -28.5    
Total Revenues EUR mil               414 392 367 392 343    
Staff Cost EUR mil     ... ... ... ...   150 151 149 149 150    
Depreciation EUR mil     ... ... ... ...   12.8 12.0 12.3 11.5 11.5    
Other Cost EUR mil     ... ... ... ...   58.9 59.0 55.5 61.1 63.7    
Operating Cost EUR mil               222 222 217 222 225    
Operating Profit EUR mil               192 171 150 170 118    
Provisions EUR mil               63.9 56.5 72.4 45.0 23.7    
Extra and Other Cost EUR mil               52.3 20.6 4.10 17.0 30.3    
Pre-Tax Profit EUR mil               76.1 93.5 73.6 108 64.4    
Tax EUR mil               13.4 17.1 13.1 24.1 33.8    
Minorities EUR mil               -0.200 -0.500 -0.100 0 -0.500    
Net Profit EUR mil               62.5 75.9 60.4 84.1 30.1    
growth rates                            
Net Interest Income Growth % ...             2.21 -5.61 -3.50 4.21 -0.320    
Net Fee Income Growth % ...             -1.97 2.32 5.91 7.06 6.16    
Total Revenue Growth % ...             1.87 -5.22 -6.53 6.84 -12.4    
Operating Cost Growth % ...             1.23 0.045 -2.30 2.31 1.44    
Operating Profit Growth % ...             2.61 -11.3 -12.0 13.4 -30.4    
Pre-Tax Profit Growth % ...             -19.9 22.9 -21.3 47.0 -40.5    
Net Profit Growth % ...             -18.7 21.4 -20.4 39.2 -64.2    
market share                            
Market Share in Revenues %               2.15 2.05 1.94 1.96 1.65    
Market Share in Net Profit %               5.23 2.36 -6.46 -1.26 0.809    
Market Share in Employees % ... ... ... ... ... ...   2.97 3.01 3.04 3.16 3.21    
Market Share in Branches % ... ... ... ... ... ...   6.07 ... ... ... ...    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                            
Cash EUR mil               174 185 193 193 242    
Interbank Loans EUR mil               1,856 2,025 1,876 1,846 1,960    
Customer Loans EUR mil               10,036 9,919 9,783 9,934 9,966    
Retail Loans EUR mil ... ... ... ... ... ...   3,560 3,486 3,472 4,528 4,605    
Corporate Loans EUR mil ... ... ... ... ... ...   6,573 6,539 6,462 5,469 5,428    
Debt Securities EUR mil               1,512 1,692 1,678 1,704 1,583    
Fixed Assets EUR mil               114 106 103 104 107    
Total Assets EUR mil               14,291 14,573 14,237 14,449 14,418    
Shareholders' Equity EUR mil               865 1,034 1,056 1,162 1,197    
Of Which Minority Interest EUR mil               6.30 6.90 1.90 2.50 3.00    
Liabilities EUR mil               13,426 13,539 13,181 13,287 13,221    
Interbank Borrowing EUR mil               2,566 2,425 2,078 2,166 1,783    
Customer Deposits EUR mil               8,290 8,381 8,499 8,809 9,210    
Issued Debt Securities EUR mil               2,124 2,292 2,275 1,911 1,865    
Other Liabilities EUR mil               446 441 329 402 363    
asset quality                            
Non-Performing Loans EUR mil ... ... ... ... ... ...   820 772 765 677 597    
Gross Loans EUR mil ... ...           10,496 10,357 10,227 10,366 10,339    
Total Provisions EUR mil ... ...           460 438 444 432 373    
growth rates                            
Customer Loan Growth % ...             0.647 -1.16 -1.37 1.54 0.321    
Retail Loan Growth % ... ... ... ... ... ... ... 0.522 -2.06 -0.416 30.4 1.71    
Corporate Loan Growth % ... ... ... ... ... ... ... 0.887 -0.516 -1.18 -15.4 -0.741    
Total Asset Growth % ...             1.51 1.97 -2.30 1.49 -0.212    
Shareholders' Equity Growth % ...             2.16 19.5 2.12 9.98 3.07    
Customer Deposit Growth % ...             0.822 1.10 1.41 3.64 4.55    
market share                            
Market Share in Customer Loans %               2.25 2.25 2.26 2.33 2.32    
Market Share in Corporate Loans % ... ... ... ... ... ...   4.80 4.74 4.70 4.12 4.09    
Market Share in Consumer Loans % ... ... ... ... ... ...   2.70 2.63 2.61 3.34 3.25    
Market Share in Total Assets %               1.41 1.48 1.54 1.61 1.68    
Market Share in Customer Deposits %               2.38 2.37 2.34 2.36 2.39    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                            
ROE %               7.30 7.99 5.78 7.58 2.55    
ROA %               0.441 0.526 0.419 0.586 0.209    
Costs (As % Of Assets) %               1.56 1.54 1.50 1.55 1.56    
Costs (As % Of Income) %               53.5 56.5 59.1 56.6 65.5    
Capital Adequacy Ratio % ... ... ... ... ... ...   13.8 14.0 14.6 14.2 15.6    
Tier 1 Ratio % ... ... ... ... ... ...   12.3 12.1 12.6 12.4 13.7    
Net Interest Margin %               1.86 1.72 1.67 1.74 1.73    
Interest Spread % ...             1.77 1.64 1.59 1.68 1.68    
Asset Yield %               3.17 2.98 2.59 2.54 2.31    
Cost Of Liabilities % ...             1.40 1.35 0.993 0.857 0.639    
Interest Income (As % Of Revenues) %               63.7 63.4 65.5 63.9 72.7    
Fee Income (As % Of Revenues) %               24.0 25.9 29.3 29.4 35.6    
Other Income (As % Of Revenues) %               12.3 10.7 5.18 6.74 -8.30    
Cost Per Employee USD per month ... ... ... ... ... ...   7,477 6,917 7,135 6,843 6,076    
Cost Per Employee (Local Currency) EUR per month ... ... ... ... ... ...   5,377 5,388 5,375 5,309 5,300    
Staff Cost (As % Of Total Cost) %     ... ... ... ...   67.6 68.0 68.7 67.2 66.5    
Equity (As % Of Assets) %               6.05 7.10 7.42 8.04 8.30    
Loans (As % Of Deposits) %               121 118 115 113 108    
Loans (As % Assets) %               70.2 68.1 68.7 68.8 69.1    
NPLs (As % Of Loans) % ... ... ... ... ... ...   7.82 7.45 7.48 6.53 5.77    
Provisions (As % Of NPLs) % ... ... ... ... ... ...   56.1 56.7 58.1 63.8 62.5    
Provisions (As % Of Loans) % ... ...           4.59 4.41 4.54 4.35 3.74    
Cost of Provisions (As % Of Loans) %               0.639 0.566 0.735 0.456 0.239    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                            
Branches ... ... ... ... ... ...   269 ... ... ... ...    
Employees ... ... ... ... ... ...   2,323 2,331 2,307 2,339 2,352    

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Steierm. Sparkasse's capital adequacy ratio rose 6.84% to 20.3% in 2017

By Helgi Analytics - June 12, 2018

Steiermarkische Sparkasse's capital adequacy ratio reached 20.3% at the end of 2017, up from 19.0% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 20.3% in 2017 and an all time low of 13.8% in 2011. The Tier 1 rat...

Steierm. Sparkasse's customer loans rose 3.79% to EUR 10,521 mil in 2017

By Helgi Analytics - September 29, 2018

Steiermarkische Sparkasse's customer loans reached EUR 10,521 mil in 2017, up 3.79% compared to the previous year. Austrian banking sector provided customer loans of EUR 435 bil in 2017, down 0% when compared to the last year. Steiermarkische Sparkasse ac...

Steierm. Sparkasse's total revenues fell 1.88% to EUR 434 mil in 2017

By Helgi Analytics - September 29, 2018

Steiermarkische Sparkasse generated total banking revenues of EUR 434 mil in 2017, down 1.88% compared to the previous year. Austrian banking sector banking sector generated total revenues of EUR 19,521 mil in 2017, up 2.83% when compared to the last ...

Steierm. Sparkasse's net interest margin fell 1.16% to 1.65% in 2017

By Helgi Analytics - June 13, 2018

Steiermarkische Sparkasse's net interest margin amounted to 1.65% in 2017, down from 1.67% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 2.15% in 2006 and an all time low of 1.65% in 2017. The av...

Steierm. Sparkasse's corporate loans rose 5.33% to EUR 5,755 mil in 2017

By Helgi Analytics - September 29, 2018

Steiermarkische Sparkasse's corporate loans reached EUR 5,755 mil in 2017, up 5.33% compared to the previous year. Austrian banking sector provided corporate loans of EUR 142 bil in 2017, up 5.38% when compared to the last year. Steiermarkische Sparkasse ...

Steierm. Sparkasse's net interest income rose 0.877% to EUR 242 mil in 2017

By Helgi Analytics - June 13, 2018

Steiermarkische Sparkasse generated total banking revenues of EUR 434 mil in 2017, down 1.88% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of EUR 442 mil in 2...

Steierm. Sparkasse's customer loan growth rose 121% to 3.79% in 2017

By Helgi Analytics - June 13, 2018

Steiermarkische Sparkasse's customer loan growth reached 3.79% in 2017, up from 1.72% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 14.1% in 2008 and an all time low of -1.37% in 2013. In the last decade,...

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Finance

Steiermarkische Sparkasse has been growing its revenues and asset by 2.02% and 0.589% a year on average in the last 5 years. Its loans and deposits have grown by 1.18% and 5.08% a year during that time and loans to deposits ratio reached 98.0% at the end of 2017. The company achieved an average return on equity of 8.15% in the last five years with net profit growing 17.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 56.1% in 2017, compared to 58.4% average in the last five years.

Equity represented 10.3% of total assets or 14.7% of loans at the end of 2017. Steiermarkische Sparkasse's non-performing loans were 4.29% of total loans while provisions covered some 59.2% of NPLs at the end of 2017.