UniCredit Tiriac Bank

UCI Tiriac Bank's mortgage loans rose 23.3% to RON 11,254 mil in 2017

By Helgi Analytics - November 29, 2018

UniCredit Tiriac Bank's mortgage loans reached RON 11,254 mil in 2017, up 23.3% compared to the previous year. Romanian banking...

UCI Tiriac Bank's customer loans rose 12.1% to RON 22,951 mil in 2017

By Helgi Analytics - July 16, 2018

UniCredit Tiriac Bank's customer loans reached RON 22,951 mil in 2017, up 12.1% compared to the previous year. Romanian banking...

UCI Tiriac Bank's customer deposits rose 23.4% to RON 27,149 mil in 2017

By Helgi Analytics - July 16, 2018

UniCredit Tiriac Bank's customer deposits reached RON 27,149 mil in 2017, up 23.4% compared to the previous year. Romanian bank...

Profit Statement 2015 2016 2017
Net Interest Income RON mil 860 944 1,038
Fee Income (As % Of Revenues) % 20.4 19.9 21.2
Other Income RON mil 353 388 344
Total Revenues RON mil 1,524 1,664 1,754
Staff Cost RON mil 356 352 373
Operating Profit RON mil 746 864 907
Provisions RON mil 421 456 417
Net Profit RON mil 252 308 385
Balance Sheet 2015 2016 2017
Interbank Loans RON mil 850 738 1,447
Customer Loans RON mil 19,063 20,477 22,951
Debt Securities RON mil 6,654 6,765 6,123
Total Assets RON mil 34,568 37,606 43,499
Shareholders' Equity RON mil 3,352 3,522 3,711
Interbank Borrowing RON mil 11,998 10,607 9,946
Customer Deposits RON mil 17,859 21,995 27,149
Issued Debt Securities RON mil 873 874 2,056
Ratios 2015 2016 2017
ROE % 7.84 8.97 10.6
ROA % 0.753 0.854 0.948
Costs (As % Of Assets) % 2.32 2.22 2.09
Costs (As % Of Income) % 51.0 48.1 48.3
Capital Adequacy Ratio % 13.1 12.4 14.8
Net Interest Margin % 2.57 2.62 2.56
Loans (As % Of Deposits) % 107 93.1 84.5
NPLs (As % Of Loans) % 17.3 12.9 9.45
Provisions (As % Of NPLs) % 46.9 47.8 69.3
Growth Rates 2015 2016 2017
Total Revenue Growth % -1.03 9.20 5.44
Operating Cost Growth % -0.269 2.85 5.94
Operating Profit Growth % -1.81 15.8 4.97
Net Profit Growth % 114 22.2 24.8
Customer Loan Growth % 5.46 7.42 12.1
Total Asset Growth % 6.81 8.79 15.7
Customer Deposit Growth % 12.4 23.2 23.4
Shareholders' Equity Growth % 8.82 5.07 5.38
Employees 3,348 3,355 3,348

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income RON mil         684 771 821 878 860    
Total Revenues RON mil         1,223 1,431 1,441 1,539 1,524    
Operating Profit RON mil         612 697 702 760 746    
Net Profit RON mil         159 164 87.7 118 252    
balance sheet                      
Interbank Loans RON mil         1,351 51.4 378 534 850    
Customer Loans RON mil         14,499 15,904 16,867 18,076 19,063    
Debt Securities RON mil         3,548 4,162 5,496 7,141 6,654    
Total Assets RON mil         22,863 25,053 28,501 32,364 34,568    
Shareholders' Equity RON mil         2,490 2,695 2,866 3,080 3,352    
Interbank Borrowing RON mil         7,785 7,315 8,932 11,697 11,998    
Customer Deposits RON mil         11,542 13,840 15,121 15,888 17,859    
Issued Debt Securities RON mil         403 500 1,054 1,147 873    
ratios                      
ROE %         6.55 6.34 3.15 3.97 7.84    
ROA %         0.730 0.686 0.327 0.388 0.753    
Costs (As % Of Assets) %         2.80 3.06 2.76 2.56 2.32    
Costs (As % Of Income) %         49.9 51.3 51.3 50.7 51.0    
Capital Adequacy Ratio %         11.4 14.5 15.9 13.4 13.1    
Net Interest Margin %         3.13 3.22 3.07 2.89 2.57    
Interest Income (As % Of Revenues) %         55.9 53.9 57.0 57.0 56.5    
Fee Income (As % Of Revenues) %         18.4 18.1 20.1 19.0 20.4    
Staff Cost (As % Of Total Cost) %         46.7 46.2 43.8 45.2 45.8    
Equity (As % Of Assets) %         10.9 10.8 10.1 9.52 9.70    
Loans (As % Of Deposits) %         126 115 112 114 107    
Loans (As % Assets) %         63.4 63.5 59.2 55.9 55.1    
NPLs (As % Of Loans) %         9.86 17.2 17.7 16.7 17.3    
Provisions (As % Of NPLs) %         90.8 46.0 57.4 59.4 46.9    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income RON mil         1,232 1,529 1,425 1,402 1,269    
Interest Cost RON mil         548 757 604 524 409    
Net Interest Income RON mil         684 771 821 878 860    
Net Fee Income RON mil         225 258 289 293 311    
Other Income RON mil         314 401 331 368 353    
Total Revenues RON mil         1,223 1,431 1,441 1,539 1,524    
Staff Cost RON mil         285 339 324 353 356    
Depreciation RON mil         65.6 75.0 76.1 75.5 82.6    
Other Cost RON mil         260 320 339 351 339    
Operating Cost RON mil         610 734 739 780 778    
Operating Profit RON mil         612 697 702 760 746    
Provisions RON mil         349 392 693 605 421    
Extra and Other Cost RON mil         76.3 97.4 3.60 -23.4 1.63    
Pre-Tax Profit RON mil         187 208 5.50 178 323    
Tax RON mil         27.6 32.6 -88.9 34.7 53.3    
Minorities RON mil         0 10.7 6.73 25.7 17.4    
Net Profit RON mil         159 164 87.7 118 252    
growth rates                      
Net Interest Income Growth % ...       -9.66 12.9 6.42 6.97 -2.03    
Net Fee Income Growth % ...       -3.28 14.8 11.9 1.41 5.93    
Total Revenue Growth % ...       -10.3 17.0 0.699 6.82 -1.03    
Operating Cost Growth % ...       4.45 20.2 0.708 5.49 -0.269    
Operating Profit Growth % ...       -21.4 13.9 0.689 8.21 -1.81    
Pre-Tax Profit Growth % ...       -8.39 10.9 -97.3 3,143 80.9    
Net Profit Growth % ...       -6.88 3.03 -46.6 34.7 114    
market share                      
Market Share in Revenues %         5.34 ... ... ... ... ... ...
Market Share in Net Profit %       ... ... ... ... ... ... ... ...
Market Share in Employees %         4.54 4.53 5.41 5.84 5.99    
Market Share in Branches %         4.05 3.63 ... ... ... ... ...
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash RON mil         2,956 4,430 5,235 4,356 4,662    
Interbank Loans RON mil         1,351 51.4 378 534 850    
Customer Loans RON mil         14,499 15,904 16,867 18,076 19,063    
Retail Loans RON mil         5,075 6,869 8,983 9,201 9,685    
Mortgage Loans RON mil         4,543 6,362 7,262 7,620 8,208    
Consumer Loans RON mil         531 507 1,722 1,581 1,477    
Corporate Loans RON mil         4,205 3,540 3,189 4,047 5,286    
Debt Securities RON mil         3,548 4,162 5,496 7,141 6,654    
Fixed Assets RON mil         379 383 350 370 391    
Total Assets RON mil         22,863 25,053 28,501 32,364 34,568    
Shareholders' Equity RON mil         2,490 2,695 2,866 3,080 3,352    
Of Which Minority Interest RON mil         0 0 64.6 90.3 108    
Liabilities RON mil         20,372 22,358 25,635 29,284 31,216    
Interbank Borrowing RON mil         7,785 7,315 8,932 11,697 11,998    
Customer Deposits RON mil         11,542 13,840 15,121 15,888 17,859    
Retail Deposits RON mil ... ... ... ... ... 4,844 5,897 5,084 7,322    
Corporate Deposits RON mil ... ... ... ... ... 8,996 9,224 10,804 10,537    
Sight Deposits RON mil ... ... ... ... ... ... 7,085 9,074 11,729    
Term Deposits RON mil ... ... ... ... ... ... 8,036 6,814 6,130    
Issued Debt Securities RON mil         403 500 1,054 1,147 873    
Other Liabilities RON mil         642 704 529 552 486    
asset quality                      
Non-Performing Loans RON mil         1,571 2,969 3,321 3,354 3,587    
Gross Loans RON mil         15,927 17,270 18,773 20,068 20,746    
Total Provisions RON mil         1,427 1,365 1,905 1,992 1,683    
growth rates                      
Customer Loan Growth % ...       14.5 9.69 6.05 7.17 5.46    
Retail Loan Growth % ...       13.2 35.4 30.8 2.42 5.26    
Mortgage Loan Growth % ...       22.6 40.0 14.1 4.93 7.72    
Consumer Loan Growth % ...       -31.7 -4.55 240 -8.17 -6.57    
Corporate Loan Growth % ...       18.1 -15.8 -9.91 26.9 30.6    
Total Asset Growth % ...       9.89 9.58 13.8 13.6 6.81    
Shareholders' Equity Growth % ...       4.71 8.22 6.34 7.47 8.82    
Customer Deposit Growth % ...       5.04 19.9 9.26 5.07 12.4    
Retail Deposit Growth % ... ... ... ... ... ... 21.7 -13.8 44.0    
Corporate Deposit Growth % ... ... ... ... ... ... 2.54 17.1 -2.47    
market share                      
Market Share in Customer Loans %         6.50 7.04 7.72 8.56 8.77    
Market Share in Corporate Loans %         3.64 2.98 2.84 3.84 5.04    
Market Share in Retail Loans %         0.749 0.752 2.76 2.75 2.64    
Market Share in Consumer Loans %         4.87 6.58 8.70 9.01 8.97    
Market Share in Mortgage Loans %         13.6 17.2 17.8 17.1 15.8    
Market Share in Total Assets %         6.46 6.85 7.87 8.89 9.16    
Market Share in Customer Deposits %         6.16 7.01 7.01 6.81 7.05    
Market Share in Retail Deposits % ... ... ... ... ... 3.96 4.55 3.68 4.99    
Market Share in Corporate Deposits % ... ... ... ... ... 14.7 13.0 13.4 11.5    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         6.55 6.34 3.15 3.97 7.84    
ROA %         0.730 0.686 0.327 0.388 0.753    
Costs (As % Of Assets) %         2.80 3.06 2.76 2.56 2.32    
Costs (As % Of Income) %         49.9 51.3 51.3 50.7 51.0    
Capital Adequacy Ratio %         11.4 14.5 15.9 13.4 13.1    
Tier 1 Ratio %         10.1 13.5 14.5 12.2 12.3    
Net Interest Margin %         3.13 3.22 3.07 2.89 2.57    
Interest Spread % ...       2.82 2.84 2.80 2.70 2.44    
Asset Yield %         5.64 6.38 5.32 4.61 3.79    
Cost Of Liabilities % ...       2.83 3.54 2.52 1.91 1.35    
Interest Income (As % Of Revenues) %         55.9 53.9 57.0 57.0 56.5    
Fee Income (As % Of Revenues) %         18.4 18.1 20.1 19.0 20.4    
Other Income (As % Of Revenues) %         25.7 28.0 23.0 23.9 23.1    
Cost Per Employee USD per month         2,609 2,911 2,558 2,514 2,258    
Cost Per Employee (Local Currency) RON per month         7,957 10,101 8,515 8,728 8,866    
Staff Cost (As % Of Total Cost) %         46.7 46.2 43.8 45.2 45.8    
Equity (As % Of Assets) %         10.9 10.8 10.1 9.52 9.70    
Loans (As % Of Deposits) %         126 115 112 114 107    
Loans (As % Assets) %         63.4 63.5 59.2 55.9 55.1    
NPLs (As % Of Loans) %         9.86 17.2 17.7 16.7 17.3    
Provisions (As % Of NPLs) %         90.8 46.0 57.4 59.4 46.9    
Provisions (As % Of Loans) %         9.84 8.58 11.3 11.0 8.83    
Cost of Provisions (As % Of Loans) %         2.57 2.58 4.23 3.46 2.27    
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                      
Branches         245 208 188 188 182    
Employees         2,983 2,799 3,169 3,369 3,348    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... 46.9 57.1 65.7    

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UCI Tiriac Bank's retail deposits rose 16.6% to RON 9,231 mil in 2017

By Helgi Analytics - July 16, 2018

UniCredit Tiriac Bank's retail deposits reached RON 9,231 mil in 2017, up 16.6% compared to the previous year. Romanian banking sector accepted retail deposits of RON 178 bil in 2017, up 9.10% when compared to the last year. UniCredit Tiriac Bank accounte...

UCI Tiriac Bank's net profit rose 24.8% to RON 385 mil in 2017

By Helgi Analytics - May 29, 2018

UniCredit Tiriac Bank made a net profit of RON 385 mil under revenues of RON 1,754 mil in 2017, up 24.8% and 5.44% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RON 385 mil in 2017 and an all time low of R...

UCI Tiriac Bank's employees fell 0.209% to 3,348 in 2017

By Helgi Analytics - May 29, 2018

UniCredit Tiriac Bank employed 3,348 persons in 2017, down 0.209% when compared to the previous year. Historically, the bank's workforce hit an all time high of 3,369 persons in 2014 and an all time low of 2,799 in 2012. Average cost reached USD 2,269 per month p...

UCI Tiriac Bank's corporate deposits rose 27.3% to RON 17,918 mil in 2017

By Helgi Analytics - July 16, 2018

UniCredit Tiriac Bank's corporate deposits reached RON 17,918 mil in 2017, up 27.3% compared to the previous year. Romanian banking sector accepted corporate deposits of RON 107 bil in 2017, up 12.3% when compared to the last year. UniCredit Tiriac Bank a...

UCI Tiriac Bank's consumer loans rose 25.5% to RON 2,395 mil in 2017

By Helgi Analytics - July 16, 2018

UniCredit Tiriac Bank's consumer loans reached RON 2,395 mil in 2017, up 25.5% compared to the previous year. Romanian banking sector provided consumer loans of RON 55.7 bil in 2017, up 1.95% when compared to the last year. UniCredit Tiriac Bank accounted...

UCI Tiriac Bank's corporate loans rose 8.81% to RON 6,250 mil in 2017

By Helgi Analytics - May 29, 2018

UniCredit Tiriac Bank's loans reached RON 24,558 mil in the 2017, up from RON 21,821 mil compared to the previous year. Historically, the bank’s loans reached an all time high of RON 24,558 mil in 2017 and an all time low of RON 12,045 mil in 2009. In t...

UCI Tiriac Bank's capital adequacy ratio rose 18.9% to 14.8% in 2017

By Helgi Analytics - May 29, 2018

UniCredit Tiriac Bank's capital adequacy ratio reached 14.8% at the end of 2017, up from 12.4% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 15.9% in 2013 and an all time low of 11.4% in 2008. The Tier 1 ratio a...

UCI Tiriac Bank's npls (as % of loans) fell 26.6% to 9.45% in 2017

By Helgi Analytics - May 29, 2018

UniCredit Tiriac Bank's non-performing loans reached 9.45% of total loans at the end of 2017, down from 12.9% compared to the previous year. Historically, the NPL ratio hit an all time high of 17.7% in 2013 and an all time low of 0.245% in 2007. Provision c...

UCI Tiriac Bank's costs (as % of assets) fell 5.73% to 2.09% in 2017

By Helgi Analytics - May 29, 2018

UniCredit Tiriac Bank's cost to income ratio reached 48.3% in 2017, up from 48.1% compared to the previous year. Historically, the bank’s costs reached an all time high of 51.4% of income in 2007 and an all time low of 42.9% in 2010. When compared to total...

UCI Tiriac Bank's net interest margin fell 2.16% to 2.56% in 2017

By Helgi Analytics - May 29, 2018

UniCredit Tiriac Bank's net interest margin amounted to 2.56% in 2017, down from 2.62% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.67% in 2010 and an all time low of 0.810% in 2009. The avera...

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UniCredit Tiriac Bank S.A. is a Romania-based subsidiary of the UniCredit Group. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. The Bank's deposit products include fixed deposits, fixed foreign exchange deposits, current accounts, and savings accounts. The Bank’s loan portfolio primarily comprises personal, mortgage, housing, investment, short-term, subsidized, refinanced investment, and real estate project financing loans, as well as overdrafts, trade finance, and credit guarantees. At the end of 2013, the Bank had some 189 branches units and employed nearly 3,200 persons. The Bank is headquartered in Bucharest, Romania. UniCredit Tiriac Bank S.A. operates as a subsidiary of UniCredit Bank Austria AG.

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Finance

UniCredit Tiriac Bank has been growing its revenues and asset by 7.68% and 13.0% a year on average in the last 10 years. Its loans and deposits have grown by 11.3% and 15.2% a year during that time and loans to deposits ratio reached 84.5% at the end of 2017. The company achieved an average return on equity of 9.30% in the last decade with net profit growing 3.90% a year on average. In terms of operating efficiency, its cost to income ratio reached 48.3% in 2017, compared to 48.7% average in the last decade.

Equity represented 8.53% of total assets or 16.2% of loans at the end of 2017. UniCredit Tiriac Bank's non-performing loans were 9.45% of total loans while provisions covered some 69.3% of NPLs at the end of 2017.