VUB Banka

VUB's mortgage loans rose 20.1% to EUR 5,342 mil in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's mortgage loans reached EUR 5,342 mil in 2017, up 20.1% compared to the previous year. Slovak banking sector provide...

VUB's customer loans rose 11.9% to EUR 12,001 mil in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's customer loans reached EUR 12,001 mil in 2017, up 11.9% compared to the previous year. Slovak banking sector provid...

VUB's net interest margin fell 11.6% to 2.65% in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's net interest margin amounted to 2.65% in 2017, down from 3.00% compared to the previous year. Historically, th...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 412 399 384
Fee Income (As % Of Revenues) % 21.3 19.4 20.8
Other Income EUR mil 23.4 48.4 49.8
Total Revenues EUR mil 553 556 547
Staff Cost EUR mil 114 120 127
Operating Profit EUR mil 288 282 280
Provisions EUR mil 79.3 75.8 59.2
Net Profit EUR mil 164 157 175
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 179 112 90.9
Customer Loans EUR mil 9,126 10,725 12,001
Debt Securities EUR mil 2,497 1,820 897
Total Assets EUR mil 12,626 14,037 14,971
Shareholders' Equity EUR mil 1,498 1,505 1,633
Interbank Borrowing EUR mil 774 855 769
Customer Deposits EUR mil 8,553 9,565 9,939
Issued Debt Securities EUR mil 1,600 1,915 2,453
Ratios 2015 2016 2017
ROE % 11.2 10.4 11.2
ROA % 1.35 1.18 1.21
Costs (As % Of Assets) % 2.17 2.05 1.84
Costs (As % Of Income) % 47.8 49.2 48.8
Capital Adequacy Ratio % 15.6 17.2 18.2
Net Interest Margin % 3.39 3.00 2.65
Loans (As % Of Deposits) % 107 112 121
NPLs (As % Of Loans) % 6.40 4.90 4.13
Provisions (As % Of NPLs) % 48.7 55.0 73.9
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.68 0.527 -1.50
Operating Cost Growth % -2.99 3.38 -2.31
Operating Profit Growth % 6.37 -2.09 -0.716
Net Profit Growth % 12.4 -4.34 11.6
Customer Loan Growth % 10.2 17.5 11.9
Total Asset Growth % 7.92 11.2 6.65
Customer Deposit Growth % 8.82 11.8 3.92
Shareholders' Equity Growth % 4.90 0.477 8.46
Employees 3,987 4,098 3,942

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Net Interest Income EUR mil ...                       403 391 413 422 412    
Total Revenues EUR mil ...                       526 482 531 544 553    
Operating Profit EUR mil ...                       290 227 266 271 288    
Net Profit EUR mil ...                       177 120 135 146 164    
balance sheet                                      
Interbank Loans EUR mil ...                       502 581 772 611 179    
Customer Loans EUR mil ...                       7,267 7,527 7,574 8,283 9,126    
Debt Securities EUR mil ...                       2,955 2,648 2,835 2,126 2,497    
Total Assets EUR mil ...                       11,131 11,216 11,556 11,699 12,626    
Shareholders' Equity EUR mil ...                       1,115 1,322 1,379 1,428 1,498    
Interbank Borrowing EUR mil ...                       688 667 782 744 774    
Customer Deposits EUR mil ...                       7,487 7,633 7,838 7,859 8,553    
Issued Debt Securities EUR mil ...                       1,660 1,418 1,405 1,469 1,600    
ratios                                      
ROE % ...                       16.4 9.82 10.0 10.4 11.2    
ROA % ...                       1.62 1.07 1.19 1.25 1.35    
Costs (As % Of Assets) % ...                       2.16 2.28 2.33 2.34 2.17    
Costs (As % Of Income) % ...                       44.9 53.0 50.0 50.1 47.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...       10.6 16.0 16.8 16.1 15.6    
Net Interest Margin % ...                       3.68 3.50 3.62 3.63 3.39    
Interest Income (As % Of Revenues) % ...                       76.6 81.2 77.7 77.6 74.5    
Fee Income (As % Of Revenues) % ...                       20.6 22.8 18.9 18.7 21.3    
Staff Cost (As % Of Total Cost) % ...                       44.0 38.2 40.6 40.8 43.3    
Equity (As % Of Assets) % ...                       10.0 11.8 11.9 12.2 11.9    
Loans (As % Of Deposits) % ...                       97.1 98.6 96.6 105 107    
Loans (As % Assets) % ...                       65.3 67.1 65.5 70.8 72.3    
NPLs (As % Of Loans) % ... ... ...                   6.73 6.08 5.84 5.64 6.40    
Provisions (As % Of NPLs) % ...                       67.3 70.1 73.2 74.4 48.7    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Interest Income EUR mil ...                       541 543 528 514 485    
Interest Cost EUR mil ...                       138 152 116 92.2 73.4    
Net Interest Income EUR mil ...                       403 391 413 422 412    
Net Fee Income EUR mil ...                       108 110 100 102 117    
Other Income EUR mil ...                       14.6 -19.1 17.8 20.0 23.4    
Total Revenues EUR mil ...                       526 482 531 544 553    
Staff Cost EUR mil ...                       104 97.4 108 111 114    
Depreciation EUR mil ...                       32.6 30.7 27.8 28.8 28.0    
Other Cost EUR mil ...                       99.8 127 130 133 122    
Operating Cost EUR mil ...                       236 255 265 273 264    
Operating Profit EUR mil ...                       290 227 266 271 288    
Provisions EUR mil ...                       67.9 80.0 87.9 86.3 79.3    
Extra and Other Cost EUR mil ...                       -0.850 -1.21 -2.03 -4.76 -4.43    
Pre-Tax Profit EUR mil ...                       223 148 180 190 214    
Tax EUR mil ...                       45.6 28.1 44.6 43.8 49.7    
Minorities EUR mil ...                       0 0 0 0 0    
Net Profit EUR mil ...                       177 120 135 146 164    
growth rates                                      
Net Interest Income Growth % ... ...                     8.65 -2.89 5.49 2.19 -2.32    
Net Fee Income Growth % ... ...                     0.636 1.10 -8.48 1.60 15.3    
Total Revenue Growth % ... ...                     6.74 -8.40 10.2 2.42 1.68    
Operating Cost Growth % ... ...                     3.78 7.97 3.99 2.75 -2.99    
Operating Profit Growth % ... ...                     9.28 -21.8 17.2 2.10 6.37    
Pre-Tax Profit Growth % ... ...                     17.7 -33.6 21.6 5.50 12.6    
Net Profit Growth % ... ...                     17.7 -32.3 12.9 7.89 12.4    
market share                                      
Market Share in Revenues % ...                       21.5 23.0 22.9 22.1 24.3    
Market Share in Net Profit % ...                       26.2 24.9 24.6 26.0 27.0    
Market Share in Employees %                         22.0 21.5 21.4 21.2 21.1    
Market Share in Bank Cards % ... ...                     24.8 29.0 27.4 25.8 24.4    
Market Share in Debit Cards % ... ...                     20.3 23.6 22.6 21.7 20.6    
Market Share in Credit Cards % ... ...                     49.8 64.1 60.1 53.3 50.5    
Market Share in Branches %                         24.2 23.3 25.8 25.3 24.7    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Cash EUR mil ...                       91.0 151 96.8 405 469    
Interbank Loans EUR mil ...                       502 581 772 611 179    
Customer Loans EUR mil ...                       7,267 7,527 7,574 8,283 9,126    
Retail Loans EUR mil ... ... ... ... ...               4,043 4,282 4,487 4,888 5,159    
Mortgage Loans EUR mil ... ... ... ... ... ... ... ... ...       2,716 2,830 2,899 3,208 3,557    
Consumer Loans EUR mil ... ... ... ... ... ... ... ... ...       1,327 1,383 1,657 1,684 1,602    
Corporate Loans EUR mil ... ... ... ... ...               3,073 3,085 2,942 3,248 3,506    
Debt Securities EUR mil ...                       2,955 2,648 2,835 2,126 2,497    
Fixed Assets EUR mil ...                       218 216 206 170 170    
Total Assets EUR mil ...                       11,131 11,216 11,556 11,699 12,626    
Shareholders' Equity EUR mil ...                       1,115 1,322 1,379 1,428 1,498    
Of Which Minority Interest EUR mil ...                       0 0 0 0 0    
Liabilities EUR mil ...                       10,016 9,894 10,177 10,271 11,127    
Interbank Borrowing EUR mil ...                       688 667 782 744 774    
Customer Deposits EUR mil ...                       7,487 7,633 7,838 7,859 8,553    
Sight Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Term Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issued Debt Securities EUR mil ...                       1,660 1,418 1,405 1,469 1,600    
Other Liabilities EUR mil ...                       180 177 153 198 200    
asset quality                                      
Non-Performing Loans EUR mil ...                       494 462 462 488 565    
Gross Loans EUR mil ... ... ...                   7,334 7,607 7,913 8,646 8,829    
Total Provisions EUR mil ...                       332 324 339 363 275    
growth rates                                      
Customer Loan Growth % ... ...                     12.9 3.58 0.634 9.35 10.2    
Retail Loan Growth % ... ... ... ... ... ...             8.15 5.90 4.81 8.92 5.55    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...     9.69 4.21 2.42 10.6 10.9    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...     5.13 4.20 19.9 1.63 -4.88    
Corporate Loan Growth % ... ... ... ... ... ...             18.3 0.371 -4.61 10.4 7.93    
Total Asset Growth % ... ...                     3.46 0.761 3.04 1.23 7.92    
Shareholders' Equity Growth % ... ...                     6.85 18.5 4.37 3.53 4.90    
Customer Deposit Growth % ... ...                     3.06 1.94 2.69 0.269 8.82    
market share                                      
Market Share in Customer Loans % ...                       20.0 20.3 19.3 19.8 20.1    
Market Share in Corporate Loans % ... ... ... ... ...               19.8 20.6 20.1 22.6 22.4    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...       27.3 27.2 31.5 29.6 25.9    
Market Share in Consumer Loans % ... ... ... ... ...               23.5 22.8 21.8 21.2 19.9    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...       22.0 20.7 19.0 18.5 18.0    
Market Share in Total Assets % ...                       18.9 18.8 18.9 18.2 18.3    
Market Share in Customer Deposits % ...                       18.7 18.0 17.7 17.1 17.0    
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                      
ROE % ...                       16.4 9.82 10.0 10.4 11.2    
ROA % ...                       1.62 1.07 1.19 1.25 1.35    
Costs (As % Of Assets) % ...                       2.16 2.28 2.33 2.34 2.17    
Costs (As % Of Income) % ...                       44.9 53.0 50.0 50.1 47.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...       10.6 16.0 16.8 16.1 15.6    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ...       10.8 15.1 15.9 16.0 15.5    
Net Interest Margin % ...                       3.68 3.50 3.62 3.63 3.39    
Interest Spread % ... ...                     3.54 3.34 3.49 3.52 3.30    
Asset Yield % ...                       4.95 4.86 4.64 4.42 3.99    
Cost Of Liabilities % ... ...                     1.40 1.53 1.15 0.901 0.686    
Interest Income (As % Of Revenues) % ...                       76.6 81.2 77.7 77.6 74.5    
Fee Income (As % Of Revenues) % ...                       20.6 22.8 18.9 18.7 21.3    
Other Income (As % Of Revenues) % ...                       2.77 -3.97 3.35 3.68 4.23    
Cost Per Employee USD per month ...                       2,962 2,604 3,008 3,015 2,742    
Cost Per Employee (Local Currency) EUR per month ...                       2,130 2,028 2,266 2,339 2,392    
Staff Cost (As % Of Total Cost) % ...                       44.0 38.2 40.6 40.8 43.3    
Equity (As % Of Assets) % ...                       10.0 11.8 11.9 12.2 11.9    
Loans (As % Of Deposits) % ...                       97.1 98.6 96.6 105 107    
Loans (As % Assets) % ...                       65.3 67.1 65.5 70.8 72.3    
NPLs (As % Of Loans) % ... ... ...                   6.73 6.08 5.84 5.64 6.40    
Provisions (As % Of NPLs) % ...                       67.3 70.1 73.2 74.4 48.7    
Provisions (As % Of Loans) % ...                       4.57 4.31 4.47 4.38 3.01    
Cost of Provisions (As % Of Loans) % ...                       0.991 1.08 1.16 1.09 0.911    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
Branches                         250 247 244 239 234    
Employees                         4,062 4,003 3,965 3,961 3,987    
ATMs ... ...                     560 566 573 572 572    
Payment Cards '000 ... ...                     1,327 1,328 1,313 1,298 1,297    
Debit Cards '000 ... ...                     920 940 940 949 951    
Credit Cards '000 ... ...                     408 388 373 349 346    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    

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VUB's net profit rose 11.6% to EUR 175 mil in 2017

By Helgi Analytics - November 05, 2019

VUB Banka made a net profit of EUR 175 mil in 2017, up 11.6% compared to the previous year. This implies a return on equity of 11.2%. Historically, the bank’s net profit reached an all time high of EUR 177 mil in 2011 and an all time low of EUR 31.1 mil in ...

VUB's customer deposits rose 3.92% to EUR 9,939 mil in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's customer deposits reached EUR 9,939 mil in 2017, up 3.92% compared to the previous year. Slovak banking sector accepted customer deposits of EUR 55.7 bil in 2017, up 5.33% when compared to the last year. VUB Banka accounted for 18.3% of all cu...

VUB's total revenues fell 1.50% to EUR 547 mil in 2017

By Helgi Analytics - November 05, 2019

VUB Banka generated total banking revenues of EUR 547 mil in 2017, down 1.50% compared to the previous year. Slovak banking sector banking sector generated total revenues of EUR 2,324 mil in 2017, down 10.6% when compared to the last year. As a ...

VUB's consumer loans rose 4.69% to EUR 2,333 mil in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's consumer loans reached EUR 2,333 mil in 2017, up 4.69% compared to the previous year. Slovak banking sector provided consumer loans of EUR 7.45 bil in 2017, up 8.46% when compared to the last year. VUB Banka accounted for 23.4% of all consumer...

VUB's corporate loans rose 6.00% to EUR 4,570 mil in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's loans reached EUR 12,234 mil in the 2017, up from EUR 10,934 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 12,234 mil in 2017 and an all time low of EUR 5,714 mil in 2008. In the last decad...

VUB's capital adequacy ratio rose 6.17% to 18.2% in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's capital adequacy ratio reached 18.2% at the end of 2017, up from 17.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 18.2% in 2017 and an all time low of 9.32% in 2008. The Tier 1 ratio amounted to ...

VUB's costs (as % of assets) fell 10.2% to 1.84% in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's cost to income ratio reached 48.8% in 2017, down from 49.2% compared to the previous year. Historically, the bank’s costs reached an all time high of 84.1% of income in 2000 and an all time low of 44.9% in 2011. When compared to total assets, b...

VUB's npls (as % of loans) fell 15.6% to 4.13% in 2017

By Helgi Analytics - November 05, 2019

VUB Banka's non-performing loans reached 4.13% of total loans at the end of 2017, down from 4.90% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.5% in 2002 and an all time low of 1.11% in 2007. Provision coverage amoun...

VUB's employees fell 3.81% to 3,942 in 2017

By Helgi Analytics - November 05, 2019

VUB Banka employed 3,942 persons in 2017, down 3.81% when compared to the previous year. Historically, the bank's workforce hit an all time high of 5,809 persons in 2000 and an all time low of 3,837 in 2007. Average cost reached USD 3,007 per month per employee, ...

VUB's payment cards fell 4.59% to 1,190 '000 in 2017

By Helgi Analytics - November 05, 2019

VUB Banka has issued total of 1,190 '000 payment cards at the end of 2017, down 4.59% compared to the previous year. Slovak banking sector banking sector issued total of 5,183 thous. of bank cards in 2017, down 5.69% when compared to the last year...

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Všeobecná Úverová Banka (VÚB Banka) is the largest commercial bank in Slovakia with a market share exceeding 20%. 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 employed nearly 4,000 persons and offered its products and services through a network of 244 branches and 573 ATMs. The Bank's parent company was Intesa Sanpaolo SpA.

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Finance

VUB Banka has been growing its revenues and asset by 3.67% and 5.86% a year on average in the last 10 years. Its loans and deposits have grown by 12.0% and 4.98% a year during that time and loans to deposits ratio reached 121% at the end of 2017. The company achieved an average return on equity of 13.2% in the last decade with net profit growing 3.81% a year on average. In terms of operating efficiency, its cost to income ratio reached 48.8% in 2017, compared to 48.7% average in the last decade.

Equity represented 10.9% of total assets or 13.6% of loans at the end of 2017. VUB Banka's non-performing loans were 4.13% of total loans while provisions covered some 73.9% of NPLs at the end of 2017.