Tokuda Bank

Tokuda's total revenues rose 26.5% to BGN 16.6 mil in 2017

By Helgi Analytics - September 20, 2018

Tokuda Bank generated total banking revenues of BGN 16.6 mil in 2017, up 26.5% compared to the previous year. Bulgarian ba...

Tokuda's customer loans rose 6.63% to BGN 201 mil in 2017

By Helgi Analytics - September 3, 2018

Tokuda Bank's customer loans reached BGN 201 mil in 2017, up 6.63% compared to the previous year. Bulgarian banking sector prov...

Tokuda's net profit rose 234% to BGN 2.04 mil in 2017

By Helgi Analytics - September 3, 2018

Tokuda Bank made a net profit of BGN 2.04 mil under revenues of BGN 16.6 mil in 2017, up 234% and 26.5% respectively compared to the ...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 8.79 9.70 9.64
Fee Income (As % Of Revenues) % 26.3 26.5 21.3
Other Income BGN mil 1.17 -0.044 3.43
Total Revenues BGN mil 13.5 13.1 16.6
Operating Profit BGN mil 1.29 1.65 4.65
Provisions BGN mil 2.91 1.72 1.37
Net Profit BGN mil -3.71 -1.53 2.04
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 200 189 201
Debt Securities BGN mil 119 114 74.7
Total Assets BGN mil 428 387 388
Shareholders' Equity BGN mil 45.6 44.9 45.5
Interbank Borrowing BGN mil 0 0 0
Customer Deposits BGN mil 380 341 341
Issued Debt Securities BGN mil 0 0 0
Ratios 2015 2016 2017
ROE % -7.69 -3.38 4.52
ROA % -0.854 -0.375 0.527
Costs (As % Of Assets) % 2.81 2.82 3.09
Costs (As % Of Income) % 90.4 87.4 72.0
Net Interest Margin % 2.02 2.38 2.49
Loans (As % Of Deposits) % 52.6 55.3 59.0
Growth Rates 2015 2016 2017
Total Revenue Growth % 15.5 -2.74 26.5
Operating Cost Growth % 3.66 -5.97 4.20
Operating Profit Growth % -1,658 27.8 181
Net Profit Growth % -48.7 -58.8 -234
Customer Loan Growth % -8.82 -5.59 6.63
Total Asset Growth % -3.20 -9.43 0.199
Customer Deposit Growth % -1.83 -10.3 -0.056
Shareholders' Equity Growth % -10.6 -1.57 1.45

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         7.99 9.37 7.87 6.93 8.79    
Total Revenues BGN mil         12.5 14.4 13.7 11.7 13.5    
Operating Profit BGN mil         0.526 2.64 2.29 -0.083 1.29    
Net Profit BGN mil         0.064 0.055 -2.86 -7.24 -3.71    
balance sheet                      
Customer Loans BGN mil         235 280 245 219 200    
Debt Securities BGN mil         124 111 123 115 119    
Total Assets BGN mil         414 460 417 442 428    
Shareholders' Equity BGN mil         48.4 63.5 58.2 51.0 45.6    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         364 394 356 388 380    
Issued Debt Securities BGN mil         0 0.840 1.37 0 0    
ratios                      
ROE %         0.144 0.098 -4.71 -13.2 -7.69    
ROA %         0.015 0.013 -0.653 -1.68 -0.854    
Costs (As % Of Assets) %         2.89 2.69 2.60 2.74 2.81    
Costs (As % Of Income) %         95.8 81.6 83.3 101 90.4    
Net Interest Margin %         1.93 2.14 1.79 1.61 2.02    
Interest Income (As % Of Revenues) %         64.1 65.1 57.5 59.3 65.1    
Fee Income (As % Of Revenues) %         28.6 23.7 28.9 31.5 26.3    
Equity (As % Of Assets) %         11.7 13.8 14.0 11.5 10.7    
Loans (As % Of Deposits) %         64.4 71.1 68.8 56.6 52.6    
Loans (As % Assets) %         56.7 60.9 58.6 49.6 46.8    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         23.6 22.4 19.5 18.0 16.5    
Interest Cost BGN mil         15.6 13.0 11.6 11.1 7.70    
Net Interest Income BGN mil         7.99 9.37 7.87 6.93 8.79    
Net Fee Income BGN mil         3.56 3.41 3.95 3.68 3.55    
Other Income BGN mil         0.906 1.62 1.87 1.08 1.17    
Total Revenues BGN mil         12.5 14.4 13.7 11.7 13.5    
Depreciation BGN mil         0.773 0.598 0.513 0.493 0.481    
Operating Cost BGN mil         11.9 11.8 11.4 11.8 12.2    
Operating Profit BGN mil         0.526 2.64 2.29 -0.083 1.29    
Provisions BGN mil         0.415 2.57 4.40 7.18 2.91    
Extra and Other Cost BGN mil         0.034 0.023 0.745 -0.031 2.09    
Pre-Tax Profit BGN mil         0.077 0.054 -2.86 -7.24 -3.71    
Tax BGN mil         0.013 -0.001 0.004 0 0.001    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         0.064 0.055 -2.86 -7.24 -3.71    
growth rates                      
Net Interest Income Growth % ...       -20.1 17.3 -16.1 -11.9 26.7    
Net Fee Income Growth % ...       7.39 -4.35 16.0 -6.78 -3.61    
Total Revenue Growth % ...       -12.4 15.6 -4.94 -14.6 15.5    
Operating Cost Growth % ...       9.66 -1.48 -3.02 3.32 3.66    
Operating Profit Growth % ...       -84.2 403 -13.5 -104 -1,658    
Pre-Tax Profit Growth % ...       -78.9 -29.9 -5,396 153 -48.7    
Net Profit Growth % ...       -81.9 -14.1 -5,307 153 -48.7    
market share                      
Market Share in Revenues %         0.317 0.377 0.369 0.300 0.327    
Market Share in Net Profit %         0.014 0.010 ... ... ... ...  
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         35.7 50.4 33.5 90.0 88.4    
Customer Loans BGN mil         235 280 245 219 200    
Debt Securities BGN mil         124 111 123 115 119    
Fixed Assets BGN mil         4.36 4.09 3.91 7.39 12.7    
Total Assets BGN mil         414 460 417 442 428    
Shareholders' Equity BGN mil         48.4 63.5 58.2 51.0 45.6    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         366 396 359 391 382    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         364 394 356 388 380    
Issued Debt Securities BGN mil         0 0.840 1.37 0 0    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       -14.1 19.3 -12.5 -10.4 -8.82    
Total Asset Growth % ...       0.444 11.0 -9.22 5.82 -3.20    
Shareholders' Equity Growth % ...       19.8 31.0 -8.22 -12.5 -10.6    
Customer Deposit Growth % ...       -1.74 8.12 -9.61 8.89 -1.83    
market share                      
Market Share in Customer Loans %         0.433 0.503 0.438 0.425 0.394    
Market Share in Total Assets %         0.689 0.712 0.599 0.629 0.562    
Market Share in Customer Deposits %         0.681 0.680 0.566 0.604 0.569    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         0.144 0.098 -4.71 -13.2 -7.69    
ROA %         0.015 0.013 -0.653 -1.68 -0.854    
Costs (As % Of Assets) %         2.89 2.69 2.60 2.74 2.81    
Costs (As % Of Income) %         95.8 81.6 83.3 101 90.4    
Net Interest Margin %         1.93 2.14 1.79 1.61 2.02    
Interest Spread % ...       1.48 1.71 1.37 1.24 1.80    
Asset Yield %         5.71 5.12 4.44 4.20 3.79    
Cost Of Liabilities % ...       4.23 3.41 3.08 2.96 1.99    
Interest Income (As % Of Revenues) %         64.1 65.1 57.5 59.3 65.1    
Fee Income (As % Of Revenues) %         28.6 23.7 28.9 31.5 26.3    
Other Income (As % Of Revenues) %         7.27 11.3 13.7 9.23 8.64    
Equity (As % Of Assets) %         11.7 13.8 14.0 11.5 10.7    
Loans (As % Of Deposits) %         64.4 71.1 68.8 56.6 52.6    
Loans (As % Assets) %         56.7 60.9 58.6 49.6 46.8    
Cost of Provisions (As % Of Loans) %         0.163 0.998 1.68 3.10 1.39    

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Tokuda's customer deposits fell 0.056% to BGN 341 mil in 2017

By Helgi Analytics - September 3, 2018

Tokuda Bank's customer deposits reached BGN 341 mil in 2017, down 0.056% compared to the previous year. Bulgarian banking sector accepted customer deposits of BGN 76.5 bil in 2017, up 5.94% when compared to the last year. Tokuda Bank accounted for 0.446% ...

Tokuda's net interest margin rose 4.53% to 2.49% in 2017

By Helgi Analytics - September 3, 2018

Tokuda Bank's net interest margin amounted to 2.49% in 2017, up from 2.38% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.13% in 2009 and an all time low of 1.61% in 2014. The average margin in ...

Tokuda's net interest income fell 0.547% to BGN 9.64 mil in 2017

By Helgi Analytics - September 3, 2018

Tokuda Bank generated total banking revenues of BGN 16.6 mil in 2017, up 26.5% 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 BGN 16.6 mil in 2017 and an all...

Tokuda's customer loan growth rose 219% to 6.63% in 2017

By Helgi Analytics - September 3, 2018

Tokuda Bank's customer loan growth reached 6.63% in 2017, up from -5.59% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 19.3% in 2012 and an all time low of -14.1% in 2011. In the last decade, the average ...

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Finance

Tokuda Bank has been growing its revenues and asset by 12.4% and -4.23% a year on average in the last 3 years. Its loans and deposits have grown by -2.81% and -4.16% a year during that time and loans to deposits ratio reached 59.0% at the end of 2017. The company achieved an average return on equity of -2.18% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 72.0% in 2017, compared to 83.3% average in the last three years.

Equity represented 11.7% of total assets or of loans at the end of 2017. Tokuda Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.