Trinity Bank

TB's capital adequacy ratio rose 3.53% yoy to 20.5% in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank's capital adequacy ratio reached 20.5% at the end of third quarter of 2020, down from 22.7% when compared to the pre...

TB's npls (as % of loans) rose 3.15% yoy to 8.94% in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank's non-performing loans reached 8.94% of total loans at the end of 2020-09-30, up from 8.67% compared to the previous...

TB's net profit rose 50.1% yoy to CZK 12.6 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank made a net profit of CZK 12.6 mil in the third quarter of 2020, up 50.1% when compared to the same period of last ye...

Profit Statement 2017 2018 2019
Net Interest Income CZK mil 275 260 244
Fee Income (As % Of Revenues) % 9.26 7.83 12.8
Other Income CZK mil -41.3 10.6 -39.7
Total Revenues CZK mil 257 293 235
Staff Cost CZK mil 111 156 136
Operating Profit CZK mil 53.8 34.5 -8.54
Provisions CZK mil 6.77 21.7 -79.4
Net Profit CZK mil 47.0 51.3 50.4
Balance Sheet 2017 2018 2019
Interbank Loans CZK mil 1,315 ... ...
Customer Loans CZK mil 7,500 6,050 13,837
Debt Securities CZK mil 0 0 72.5
Total Assets CZK mil 10,249 9,226 16,183
Shareholders' Equity CZK mil 1,852 1,852 1,737
Interbank Borrowing CZK mil 0 0 0
Customer Deposits CZK mil 8,324 6,963 14,246
Issued Debt Securities CZK mil 0 0 0
Ratios 2017 2018 2019
ROE % 2.61 2.77 2.81
ROA % 0.448 0.526 0.397
Costs (As % Of Assets) % 1.94 2.66 1.92
Costs (As % Of Income) % 79.1 88.2 104
Capital Adequacy Ratio % 17.1 18.8 20.6
Net Interest Margin % 2.62 2.67 1.92
Loans (As % Of Deposits) % 90.1 86.9 97.1
NPLs (As % Of Loans) % 26.4 26.6 7.34
Provisions (As % Of NPLs) % 9.95 10.1 18.7
Growth Rates 2017 2018 2019
Total Revenue Growth % -1.26 14.1 -19.9
Operating Cost Growth % -6.50 27.3 -5.98
Operating Profit Growth % 25.3 -35.9 -125
Net Profit Growth % 87.8 9.07 -1.70
Customer Loan Growth % -2.86 -19.3 129
Total Asset Growth % -4.64 -9.98 75.4
Customer Deposit Growth % -6.93 -16.3 105
Shareholders' Equity Growth % 6.27 -0.007 -6.21
Employees 107 102 94.0

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                        
Net Interest Income CZK mil           535 378 360 253 275    
Total Revenues CZK mil           613 417 417 260 257    
Operating Profit CZK mil           320 195 189 42.9 53.8    
Net Profit CZK mil           -18.7 30.2 20.2 25.0 47.0    
balance sheet                        
Interbank Loans CZK mil           721 1,704 1,573 1,652 1,315 ... ...
Customer Loans CZK mil           6,544 7,056 7,452 7,721 7,500    
Debt Securities CZK mil           52.9 54.1 0 0 0    
Total Assets CZK mil           8,030 9,648 10,421 10,747 10,249    
                           
Shareholders' Equity CZK mil           907 1,160 1,320 1,743 1,852    
Interbank Borrowing CZK mil           50.2 0 0 0 0    
Customer Deposits CZK mil           7,070 8,399 9,009 8,944 8,324    
Issued Debt Securities CZK mil           0 0 0 0 0    
ratios                        
ROE %           -2.53 2.93 1.63 1.63 2.61    
ROA %           -0.223 0.342 0.201 0.236 0.448    
Costs (As % Of Assets) %           3.49 2.51 2.28 2.05 1.94    
Costs (As % Of Income) %           47.8 53.2 54.7 83.5 79.1    
Capital Adequacy Ratio %           11.5 12.1 12.4 16.4 17.1    
Net Interest Margin %           6.37 4.27 3.58 2.39 2.62    
Interest Income (As % Of Revenues) %           87.3 90.6 86.1 97.1 107    
Fee Income (As % Of Revenues) %           6.62 4.47 8.55 9.93 9.26    
Staff Cost (As % Of Total Cost) %           49.6 52.3 48.7 55.6 54.8    
Equity (As % Of Assets) %           11.3 12.0 12.7 16.2 18.1    
Loans (As % Of Deposits) %           92.6 84.0 82.7 86.3 90.1    
Loans (As % Assets) %           81.5 73.1 71.5 71.8 73.2    
NPLs (As % Of Loans) %           32.7 39.0 39.4 24.4 26.4    
Provisions (As % Of NPLs) %           21.3 12.5 15.4 12.1 9.95    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                        
Interest Income CZK mil           846 519 519 393 359    
Interest Cost CZK mil           311 141 160 140 84.5    
Net Interest Income CZK mil           535 378 360 253 275    
Net Fee Income CZK mil           40.6 18.6 35.7 25.9 23.8    
Other Income CZK mil           37.2 20.6 22.2 -18.4 -41.3    
Total Revenues CZK mil           613 417 417 260 257    
Staff Cost CZK mil           145 116 111 121 111    
Depreciation CZK mil           23.2 18.9 17.0 19.5 18.0    
Other Cost CZK mil           125 87.0 100 77.1 73.9    
Operating Cost CZK mil           293 222 228 217 203    
Operating Profit CZK mil           320 195 189 42.9 53.8    
Provisions CZK mil           316 144 158 31.6 6.77    
Extra and Other Cost CZK mil           0.031 0 < -0.001 0.002 -0.003    
Pre-Tax Profit CZK mil           3.52 50.8 31.4 11.3 47.0    
Tax CZK mil           22.3 20.6 11.2 -13.7 0    
Minorities CZK mil           0.341 0 0 0 0    
Net Profit CZK mil           -18.7 30.2 20.2 25.0 47.0    
growth rates                        
Net Interest Income Growth % ...         245 -29.5 -4.77 -29.7 8.61    
Net Fee Income Growth % ...         370 -54.1 91.6 -27.6 -7.98    
Total Revenue Growth % ...         254 -32.0 0.169 -37.6 -1.26    
Operating Cost Growth % ...         180 -24.3 2.96 -4.83 -6.50    
Operating Profit Growth % ...         368 -39.1 -3.01 -77.3 25.3    
Pre-Tax Profit Growth % ...         -159 1,342 -38.2 -63.9 314    
Net Profit Growth % ...         405 -261 -33.3 24.0 87.8    
market share                        
Market Share in Revenues %           0.365 0.248 0.240 0.144 0.143 ... ...
Market Share in Net Profit %         ... ... 0.048 0.030 0.034 0.062 ... ...
Market Share in Employees %           0.249 0.226 0.255 0.254 0.255 ... ...
Market Share in Branches %           0.094 0.141 0.139 0.147 0.154 ... ...
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                        
Cash CZK mil           69.5 178 715 1,981 1,611    
Interbank Loans CZK mil           721 1,704 1,573 1,652 1,315 ... ...
Customer Loans CZK mil           6,544 7,056 7,452 7,721 7,500    
Retail Loans CZK mil ... ... ... ... ... 977 975 866 613 360 ... ...
Corporate Loans CZK mil ... ... ... ... ... 5,929 6,599 6,732 6,458 6,184 ... ...
Debt Securities CZK mil           52.9 54.1 0 0 0    
Fixed Assets CZK mil           572 576 616 553 583    
Total Assets CZK mil           8,030 9,648 10,421 10,747 10,249    
                           
Shareholders' Equity CZK mil           907 1,160 1,320 1,743 1,852    
Of Which Minority Interest CZK mil ... ...       0 0 0 0 0    
Liabilities CZK mil           7,123 8,488 9,101 9,004 8,396    
Interbank Borrowing CZK mil           50.2 0 0 0 0    
Customer Deposits CZK mil           7,070 8,399 9,009 8,944 8,324    
Issued Debt Securities CZK mil           0 0 0 0 0    
Other Liabilities CZK mil           3.20 88.9 92.6 60.2 72.7    
asset quality                        
Non-Performing Loans CZK mil           2,301 2,891 3,127 1,945 2,032    
Gross Loans CZK mil           7,035 7,419 7,934 7,956 7,702    
Total Provisions CZK mil           491 363 482 235 202    
growth rates                        
Customer Loan Growth % ...         3.17 7.82 5.60 3.61 -2.86    
Retail Loan Growth % ... ... ... ... ... ... -0.158 -11.2 -29.2 -41.3 ... ...
Corporate Loan Growth % ... ... ... ... ... ... 11.3 2.00 -4.06 -4.24 ... ...
Total Asset Growth % ...         -8.43 20.1 8.01 3.13 -4.64    
Shareholders' Equity Growth % ...         57.8 27.8 13.8 32.1 6.27    
Customer Deposit Growth % ...         -11.0 18.8 7.26 -0.718 -6.93    
market share                        
Market Share in Customer Loans %           0.263 0.271 0.268 0.262 0.243 ... ...
Market Share in Corporate Loans % ... ... ... ... ... 0.684 0.755 0.731 0.662 0.605 ... ...
Market Share in Consumer Loans % ... ... ... ... ... 0.083 0.079 0.066 0.043 0.024 ... ...
Market Share in Total Assets %           0.156 0.182 0.188 0.179 0.145 ... ...
Market Share in Customer Deposits %           0.231 0.244 0.256 0.237 0.200 ... ...
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                        
ROE %           -2.53 2.93 1.63 1.63 2.61    
ROA %           -0.223 0.342 0.201 0.236 0.448    
Costs (As % Of Assets) %           3.49 2.51 2.28 2.05 1.94    
Costs (As % Of Income) %           47.8 53.2 54.7 83.5 79.1    
Capital Adequacy Ratio %           11.5 12.1 12.4 16.4 17.1    
Tier 1 Ratio % ... ... ... ... ... 11.1 11.9 12.3 16.4 17.1    
Net Interest Margin %           6.37 4.27 3.58 2.39 2.62    
Interest Spread % ...         6.02 4.06 3.36 2.17 2.45    
Asset Yield %           10.1 5.87 5.18 3.71 3.42    
Cost Of Liabilities % ...         4.06 1.81 1.82 1.55 0.971    
Interest Income (As % Of Revenues) %           87.3 90.6 86.1 97.1 107    
Fee Income (As % Of Revenues) %           6.62 4.47 8.55 9.93 9.26    
Other Income (As % Of Revenues) %           6.07 4.94 5.32 -7.06 -16.1    
Cost Per Employee USD per month           6,252 4,968 3,700 3,836 3,698    
Cost Per Employee (Local Currency) CZK per month           122,327 106,185 88,321 96,787 86,777    
Staff Cost (As % Of Total Cost) %           49.6 52.3 48.7 55.6 54.8    
Equity (As % Of Assets) %           11.3 12.0 12.7 16.2 18.1    
Loans (As % Of Deposits) %           92.6 84.0 82.7 86.3 90.1    
Loans (As % Assets) %           81.5 73.1 71.5 71.8 73.2    
NPLs (As % Of Loans) %           32.7 39.0 39.4 24.4 26.4    
Provisions (As % Of NPLs) %           21.3 12.5 15.4 12.1 9.95    
Provisions (As % Of Loans) %           7.50 5.14 6.47 3.04 2.70    
Cost of Provisions (As % Of Loans) %           4.91 2.12 2.17 0.416 0.089    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                         
Branches           2.00 3.00 3.00 3.00 3.00    
Employees           99.0 91.0 105 104 107    
Clients mil           0.010 0.011 0.012 0.011 0.011 ... ...

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TB's employees remain unchanged yoy at in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank employed 102 persons in 2018-12-31, down 1.92% when compared to the previous year. Historically, the bank's workforce hit an all time high of 112 persons in 2017-09-30 and an all time low of 32.0 in 2013-03-31. Average cost reached USD 5,414 per month...

TB's net interest margin fell 8.83% yoy to 1.58% in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank's net interest margin amounted to 1.58% in the third quarter of 2020, up from 1.11% 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...

TB's customer loans fell 11.6% yoy to CZK 6,520 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Trinity Bank's customer loans reached CZK 6,520 mil in 2018-09-30, down 2.09% compared to the previous year. Czech banking sector provided customer loans of CZK 3,328 bil in 2018-09-30, up 2.94% when compared to the last year. Trinity Bank accounted for 0...

TB's customer deposits fell 10.4% yoy to CZK 7,439 mil in 3Q2018

By Helgi Analytics - December 12, 2019

Trinity Bank's customer deposits reached CZK 7,439 mil in 2018-09-30, down 6.00% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,501 bil in 2018-09-30, up 1.39% when compared to the last year. Trinity Bank accounted...

TB's total revenues fell 16.9% yoy to CZK 60.3 mil in 2Q2018

By Helgi Analytics - July 24, 2019

Trinity Bank generated total banking revenues of CZK 60.3 mil in 2018-06-30, down 42.8% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 49,845 mil in 2018-06-30, up 12.2% when compared to the last yea...

TB's costs (as % of assets) fell 18.6% yoy to 1.40% in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank's cost to income ratio reached 48.0% in the third quarter of 2020, down from 57.7% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 547% of income in 1Q2019 and an all time low of -67.5% in 4Q2010...

TB's net interest income rose 15.6% yoy to CZK 70.9 mil in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank generated total banking revenues of CZK 131 mil in the third quarter of 2020, up 75.8% when compared to the same period of last year and 16.3% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fe...

TB's equity (as % of assets) fell 12.2% yoy to 10.2% in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank's Equity reached 10.2% of total assets in the 3Q2020, down from 11.6% for the previous year. As a share of net customer loans, the ratio amounted to 13.2% at the end of the third quarter of 2020. ...

TB's Cost of Risk rose 930% yoy to 1.19% in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank's Cost of Risk (loan loss provisions as % of total assets) amounted to 1.19% in the third quarter of 2020, up from 0.640% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 9.46% in 3Q2010 an...

TB's customer loan growth fell 95.7% yoy to 4.19% in 3Q2020

By Helgi Analytics - February 10, 2021

Trinity Bank's customer loan growth reached 4.19% in 2020-09-30, down from 97.5% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 293% in 2008-12-31 and an all time low of -19.3% in 2018-12-31. In the last d...

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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.

Finance

Trinity Bank has been growing its revenues and asset by 0.707% and 11.4% a year on average in the last 10 years. Its loans and deposits have grown by 15.9% and 11.0% a year during that time and loans to deposits ratio reached 97.1% at the end of 2019. The company achieved an average return on equity of 2.57% in the last decade with net profit growing 10.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 104% in 2019, compared to 69.0% average in the last decade.

Equity represented 10.7% of total assets or 12.6% of loans at the end of 2019. Trinity Bank's non-performing loans were 7.34% of total loans while provisions covered some 18.7% of NPLs at the end of 2019.