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Trinity Bank

Trinity's net profit rose 405% yoy to CZK 316 mil in 3Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank made a net profit of CZK 316 mil under revenues of CZK 550 mil in the third quarter of 2022, up 405% and 239% ...

Trinity's net profit rose 405% yoy to CZK 316 mil in 3Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank made a net profit of CZK 316 mil in the third quarter of 2022, up 405% when compared to the same period of last year...

Trinity Bank - Market Share in Bank Deposits

By Helgi Analytics - November 18, 2022

Trinity Bank's customer deposits reached CZK 69,093 mil in 2022-06-30, up 17.8% compared to the previous year. Czech banking se...

Profit Statement 2019 2020 2021
Net Interest Income CZK mil 244 264 426
Net Fee Income CZK mil 30.1 24.2 44.3
Other Income CZK mil -39.7 110 34.8
Total Revenues CZK mil 235 398 505
Staff Cost CZK mil 136 131 167
Operating Profit CZK mil -8.54 148 180
Provisions CZK mil -79.4 72.4 -29.5
Net Profit CZK mil 50.4 60.6 160
Balance Sheet 2019 2020 2021
Interbank Loans CZK mil 608 651 21,738
Customer Loans CZK mil 5,319 6,999 9,257
Investments CZK mil 50.5 2,688 3,756
Total Assets CZK mil 16,183 17,503 36,986
Shareholders' Equity CZK mil 1,737 1,833 2,481
Interbank Borrowing CZK mil 124 339 1,381
Customer Deposits CZK mil 14,122 14,775 32,729
Issued Debt Securities CZK mil 0 314 0
Ratios 2019 2020 2021
ROE % 2.81 3.40 7.44
ROA % 0.397 0.360 0.589
Costs (As % Of Assets) % 1.92 1.49 1.19
Costs (As % Of Income) % 104 62.9 64.4
Capital Adequacy Ratio % 20.6 19.1 21.5
Net Interest Margin % 1.92 1.57 1.56
Loans (As % Of Deposits) % 37.7 47.4 28.3
NPLs (As % Of Loans) % 19.9 18.3 9.56
Provisions (As % Of NPLs) % 18.7 19.2 14.9
Growth Rates 2019 2020 2021
Total Revenue Growth % -19.9 69.5 26.8
Operating Cost Growth % -5.98 2.79 29.8
Operating Profit Growth % -125 -1,830 21.7
Net Profit Growth % -1.70 20.3 165
Customer Loan Growth % -12.1 31.6 32.3
Total Asset Growth % 75.4 8.16 111
Customer Deposit Growth % 103 4.63 122
Shareholders' Equity Growth % -6.21 5.54 35.3
Employees 112 107 113

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                            
Net Interest Income CZK mil               360 253 275 260 244    
Total Revenues CZK mil               417 260 257 293 235    
Operating Profit CZK mil               189 42.9 53.8 34.5 -8.54    
Net Profit CZK mil               20.2 25.0 47.0 51.3 50.4    
balance sheet                            
Interbank Loans CZK mil               1,573 1,652 1,315 701 608    
Customer Loans CZK mil               7,452 7,721 7,500 6,050 5,319    
Investments CZK mil               0 0 0 0 50.5    
Total Assets CZK mil               10,421 10,747 10,249 9,226 16,183    
                               
Shareholders' Equity CZK mil               1,320 1,743 1,852 1,852 1,737    
Interbank Borrowing CZK mil               0 0 0 0 124    
Customer Deposits CZK mil               9,009 8,944 8,324 6,963 14,122    
Issued Debt Securities CZK mil               0 0 0 0 0    
ratios                            
ROE % ...             1.63 1.63 2.61 2.77 2.81    
ROA % ...             0.201 0.236 0.448 0.526 0.397    
Costs (As % Of Assets) % ...             2.28 2.05 1.94 2.66 1.92    
Costs (As % Of Income) %               54.7 83.5 79.1 88.2 104    
Capital Adequacy Ratio %               12.4 16.4 17.1 18.8 20.6    
Net Interest Margin % ...             3.58 2.39 2.62 2.67 1.92    
Interest Income (As % Of Revenues) %               86.1 97.1 107 88.6 104    
Fee Income (As % Of Revenues) %               8.55 9.93 9.26 7.83 12.8    
Staff Cost (As % Of Total Cost) %               48.7 55.6 54.8 60.3 56.0    
Equity (As % Of Assets) %               12.7 16.2 18.1 20.1 10.7    
Loans (As % Of Deposits) %               82.7 86.3 90.1 86.9 37.7    
Loans (As % Assets) %               71.5 71.8 73.2 65.6 32.9    
NPLs (As % Of Loans) %               39.4 24.4 26.4 33.1 19.9    
Provisions (As % Of NPLs) %               15.4 12.1 9.95 10.1 18.7    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                            
Interest Income CZK mil               519 393 359 351 378    
Interest Cost CZK mil               160 140 84.5 91.5 133    
Net Interest Income CZK mil               360 253 275 260 244    
Net Fee Income CZK mil               35.7 25.9 23.8 23.0 30.1    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... 24.4 31.4    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... 1.44 1.31    
Other Income CZK mil               22.2 -18.4 -41.3 10.6 -39.7    
Total Revenues CZK mil               417 260 257 293 235    
Staff Cost CZK mil               111 121 111 156 136    
Depreciation CZK mil               17.0 19.5 18.0 30.9 41.0    
Other Cost CZK mil               100 77.1 73.9 71.8 66.0    
Operating Cost CZK mil               228 217 203 259 243    
Operating Profit CZK mil               189 42.9 53.8 34.5 -8.54    
Provisions CZK mil               158 31.6 6.77 21.7 -79.4    
Extra and Other Cost CZK mil               < -0.001 0.002 -0.003 0.001 5.06    
Pre-Tax Profit CZK mil               31.4 11.3 47.0 12.7 65.8    
Tax CZK mil               11.2 -13.7 0 -38.5 15.5    
Minorities CZK mil               0 0 0 0 0    
Net Profit CZK mil               20.2 25.0 47.0 51.3 50.4    
Net Profit Avail. to Common CZK mil               20.2 25.0 47.0 51.3 50.4    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... 41.0 0 ... ...
growth rates                            
Net Interest Income Growth % ...             -4.77 -29.7 8.61 -5.40 -5.90    
Net Fee Income Growth % ...             91.6 -27.6 -7.98 -3.45 31.0    
Total Revenue Growth % ...             0.169 -37.6 -1.26 14.1 -19.9    
Operating Cost Growth % ...             2.96 -4.83 -6.50 27.3 -5.98    
Operating Profit Growth % ...             -3.01 -77.3 25.3 -35.9 -125    
Pre-Tax Profit Growth % ...             -38.2 -63.9 314 -72.9 416    
Net Profit Growth % ...             -33.3 24.0 87.8 9.07 -1.70    
market share                            
Market Share in Revenues %               0.240 0.144 0.143 0.154 0.116    
Market Share in Net Profit %         ... ...   0.030 0.034 0.062 0.063 0.055    
Market Share in Employees %               0.255 0.254 0.255 0.244 0.269    
Market Share in Branches %               0.139 0.147 0.154 0.153 0.158   ...
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                            
Cash & Cash Equivalents CZK mil               715 1,981 1,611 866 8,838    
Interbank Loans CZK mil               1,573 1,652 1,315 701 608    
Customer Loans CZK mil               7,452 7,721 7,500 6,050 5,319    
Retail Loans CZK mil ... ... ... ... ...     866 613 360 300 257    
Corporate Loans CZK mil ... ... ... ... ...     6,732 6,458 6,184 5,600 5,042    
Investments CZK mil               0 0 0 0 50.5    
Property and Equipment CZK mil               616 553 583 526 495    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... 65.3 87.1    
Total Assets CZK mil               10,421 10,747 10,249 9,226 16,183    
                               
Shareholders' Equity CZK mil               1,320 1,743 1,852 1,852 1,737    
Of Which Minority Interest CZK mil               0 0 0 0 0    
Liabilities CZK mil               9,101 9,004 8,396 7,374 14,446    
Interbank Borrowing CZK mil               0 0 0 0 124    
Customer Deposits CZK mil               9,009 8,944 8,324 6,963 14,122    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... 12,360    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... 1,062    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... 1,291 9,488   ...
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... 5,672 4,634   ...
Issued Debt Securities CZK mil               0 0 0 0 0    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... 0   ...
Other Liabilities CZK mil               92.6 60.2 72.7 411 200    
asset quality                            
Non-Performing Loans CZK mil               3,127 1,945 2,032 2,075 1,100    
Gross Loans CZK mil               7,934 7,956 7,702 6,260 5,525    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... 9,755 9,816 9,929 9,238 7,751    
Total Provisions CZK mil               482 235 202 210 206    
growth rates                            
Customer Loan Growth % ...             5.60 3.61 -2.86 -19.3 -12.1    
Retail Loan Growth % ... ... ... ... ... ...   -11.2 -29.2 -41.3 -16.7 -14.3    
Corporate Loan Growth % ... ... ... ... ... ...   2.00 -4.06 -4.24 -9.45 -9.97    
Total Asset Growth % ...             8.01 3.13 -4.64 -9.98 75.4    
Shareholders' Equity Growth % ...             13.8 32.1 6.27 -0.007 -6.21    
Customer Deposit Growth % ...             7.26 -0.718 -6.93 -16.3 103    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ...    
market share                            
Market Share in Customer Loans %               0.268 0.262 0.243 0.183 0.154    
Market Share in Corporate Loans % ... ... ... ... ...     0.731 0.662 0.605 0.518 0.450    
Market Share in Consumer Loans % ... ... ... ... ...     0.065 0.043 0.024 0.018 0.015    
Market Share in Total Assets %               0.188 0.179 0.145 0.126 0.214    
Market Share in Customer Deposits %               0.256 0.237 0.200 0.157 0.298    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... 0.454    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... 0.097    
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                             
ROE % ...             1.63 1.63 2.61 2.77 2.81    
ROTE % ... ... ... ... ... ... ... ... ... ... ... 2.93    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... 1.70 3.17 3.57 3.96    
ROA % ...             0.201 0.236 0.448 0.526 0.397    
Return on Loans % ...             0.278 0.330 0.618 0.757 0.886    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... 0.438 0.545 0.360 -0.101    
Costs (As % Of Assets) % ...             2.28 2.05 1.94 2.66 1.92    
Costs (As % Of Income) %               54.7 83.5 79.1 88.2 104    
Costs (As % Of Loans) % ...             3.15 2.87 2.67 3.82 4.28    
Costs (As % Of Loans & Deposits) % ...             1.43 1.31 1.25 1.80 1.50    
Capital Adequacy Ratio %               12.4 16.4 17.1 18.8 20.6    
Tier 1 Ratio %               12.3 16.4 17.1 18.8 20.6    
Net Interest Margin % ...             3.58 2.39 2.62 2.67 1.92    
Interest Spread % ...             3.36 2.17 2.45 2.45 1.75    
Asset Yield % ...             5.18 3.71 3.42 3.61 2.97    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... 2.66 2.60 3.06 2.76    
Cost Of Liabilities % ...             1.82 1.55 0.971 1.16 1.22    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... 80.0 0 ... ...
Interest Income (As % Of Revenues) %               86.1 97.1 107 88.6 104    
Fee Income (As % Of Revenues) %               8.55 9.93 9.26 7.83 12.8    
Other Income (As % Of Revenues) %               5.32 -7.06 -16.1 3.61 -16.9    
Staff Cost (As % Of Total Cost) %               48.7 55.6 54.8 60.3 56.0    
Equity (As % Of Assets) %               12.7 16.2 18.1 20.1 10.7    
Equity (As % Of Loans) %               17.7 22.6 24.7 30.6 32.7    
Loans (As % Of Deposits) %               82.7 86.3 90.1 86.9 37.7    
Loans (As % Assets) %               71.5 71.8 73.2 65.6 32.9    
NPLs (As % Of Loans) %               39.4 24.4 26.4 33.1 19.9    
Provisions (As % Of NPLs) %               15.4 12.1 9.95 10.1 18.7    
Provisions (As % Of Loans) %               6.47 3.04 2.70 3.48 3.87    
Cost of Provisions (As % Of Loans) % ...             2.17 0.416 0.089 0.321 -1.40    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                             
Branches               3.00 3.00 3.00 3.00 3.00    
Employees               105 104 107 102 112    
Employees Per Bank Branch               35.0 34.7 35.7 34.0 37.3    
Cost Per Employee USD per month               3,700 3,836 3,698 5,829 4,501    
Cost Per Employee (Local Currency) CZK per month               88,321 96,787 86,777 127,525 101,460    
customer breakdown Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                             
Customers mil               0.012 0.011 0.011 0.015 0.020    
Revenue per Customer (Local Currency) CZK               34,989 22,665 23,284 19,552 11,740    
Net Profit per Customer (Local Currency) CZK               1,691 2,179 4,257 3,417 2,520    
Loan per Customer (Local Currency) CZK               624,608 672,281 679,431 403,312 265,969    
Deposit per Customer (Local Currency) CZK               755,119 778,777 754,027 464,198 706,086    
Revenue per Customer USD               1,466 898 992 894 521    
Net Profit per Customer USD               70.9 86.3 181 156 112    
Loan per Customer USD               25,161 26,221 31,912 17,952 11,758    
Deposit per Customer USD               30,419 30,375 35,415 20,662 31,214    

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Trinity's employees rose 44.4% yoy to 163 in 3Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank employed 163 persons in 2022-09-30, up 56.9% when compared to the previous year. Historically, the bank's workforce hit an all time high of 163 persons in 2022-09-30 and an all time low of 32.0 in 2013-03-31. Average cost reached USD 6,346 per month ...

Trinity's total revenues rose 237% yoy to CZK 390 mil in 2Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank generated total banking revenues of CZK 390 mil in 2022-06-30, up 106% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 58,487 mil in 2022-06-30, down 1.22% when compared to the last year....

Trinity Bank - Market Share in Retail Deposits

By Helgi Analytics - November 18, 2022

Trinity Bank's retail deposits reached CZK 65,452 mil in 2022-06-30, up 17.2% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,323 bil in 2022-06-30, up 1.28% when compared to the last year. Trinity Bank accounted for ...

Trinity's npls (as % of loans) fell 50.7% yoy to 6.12% in 3Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank's non-performing loans reached 6.12% of total loans at the end of 2022-09-30, down from 12.4% compared to the previous year. Historically, the NPL ratio hit an all time high of 40.2% in 2015-03-31 and an all time low of 0.525% in 2008-09-30. Pr...

Trinity Bank - Market Share in Bank Loans

By Helgi Analytics - November 18, 2022

Trinity Bank's customer loans reached CZK 11,896 mil in 2022-06-30, up 12.5% compared to the previous year. Czech banking sector provided customer loans of CZK 3,958 bil in 2022-06-30, up 0.834% when compared to the last year. Trinity Bank accounted for 0...

Trinity Bank - Market Share in Corporate Deposits

By Helgi Analytics - November 18, 2022

Trinity Bank's corporate deposits reached CZK 2,252 mil in 2022-06-30, up 25.1% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,323 bil in 2022-06-30, down 0.868% when compared to the last year. Trinity Bank accoun...

Trinity Bank - Market Share in Retail Loans

By Helgi Analytics - November 18, 2022

Trinity Bank's retail loans reached CZK 110 mil in the second quarter of 2022, down 1.28% compared to the previous year. Czech banking sector provided retail loans of CZK 2,100 bil in 2Q2022, up 0.711% when compared to the last year. Trinity Bank accounte...

Trinity's capital adequacy ratio fell 7.49% yoy to 19.9% in 3Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank's capital adequacy ratio reached 19.9% at the end of third quarter of 2022, up from 18.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 22.7% in 2Q2020 and an all time low of 8.31% in 3Q2008. ...

Trinity's net interest income rose 241% yoy to CZK 392 mil in 3Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank generated total banking revenues of CZK 550 mil in the third quarter of 2022, up 239% when compared to the same period of last year and 40.9% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee...

Trinity's net interest margin fell 8.89% yoy to 2.23% in 3Q2022

By Helgi Analytics - November 18, 2022

Trinity Bank's net interest margin amounted to 2.23% in the third quarter of 2022, up from 1.60% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 19.2% in 1Q2012 and an all time low of -17.0...

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Trinity Bank (formerly known as Moravský Peněžní Ústav) is one of the largest credit unions in the Czech Republic. The Union has been in operation on the financial market since 1996. From a Company with regional operations, the Union serves more than 10,000 clients throughout the whole Czech Republic with a complete portfolio of products for both individuals and legal entities, including current accounts administration, savings, loan products, or internet banking.

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Finance

Trinity Bank has been growing its revenues and asset by 5.27% and 18.3% a year on average in the last 10 years. Its loans and deposits have grown by 5.89% and 18.2% a year during that time and loans to deposits ratio reached 28.3% at the end of 2021. The company achieved an average return on equity of 2.20% in the last decade with net profit growing 17.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 64.4% in 2021, compared to 69.8% average in the last decade.

Equity represented 6.71% of total assets or 26.8% of loans at the end of 2021. Trinity Bank's non-performing loans were 9.56% of total loans while provisions covered some 14.9% of NPLs at the end of 2021.