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Wustenrot Group

Wustenrot Group's net profit rose 35.5% yoy to CZK 570 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group made a net profit of CZK 570 mil under revenues of CZK 1,544 mil in 2019, up 35.5% and 1.24% respectively compared to...

Wustenrot Group's mortgage loans rose 8.35% yoy to CZK 52,962 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's mortgage loans reached CZK 52,962 mil in 2019, up 8.35% compared to the previous year. Czech banking sector p...

Wustenrot Group's total revenues rose 3.06% yoy to CZK 1,525 mil in 2018

By Helgi Analytics - March 24, 2021

Wustenrot Group generated total banking revenues of CZK 1,525 mil in 2018, up 3.06% compared to the previous year. Czech b...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 1,187 1,208 ...
Net Fee Income CZK mil 149 109 ...
Other Income CZK mil 189 227 ...
Total Revenues CZK mil 1,525 1,544 ...
Staff Cost CZK mil 299 332 ...
Operating Profit CZK mil 603 588 ...
Provisions CZK mil 128 -119 ...
Net Profit CZK mil 420 570 ...
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 3,608 4,237 ...
Customer Loans CZK mil 50,888 55,066 ...
Investments CZK mil 14,458 14,042 ...
Total Assets CZK mil 72,644 78,274 ...
Shareholders' Equity CZK mil 5,435 5,375 ...
Interbank Borrowing CZK mil 1,050 688 ...
Customer Deposits CZK mil 48,475 55,381 ...
Issued Debt Securities CZK mil 16,638 15,438 ...
Ratios 2018 2019 2020
ROE % 7.61 10.5 ...
ROA % 0.591 0.755 ...
Costs (As % Of Assets) % 1.30 1.27 ...
Costs (As % Of Income) % 60.5 61.9 ...
Net Interest Margin % 1.67 1.60 ...
Loans (As % Of Deposits) % 105 99.4 ...
NPLs (As % Of Loans) % 4.05 2.35 ...
Provisions (As % Of NPLs) % 69.1 97.9 ...
Valuation 2018 2019 2020
Market Capitalisation USD mil 203 201 213
Number Of Shares mil 1.00 1.00 1.00
Share Price CZK 4,550 4,550 4,550
Price/Earnings (P/E) 10.8 7.99 ...
Price/Book Value (P/BV) 0.837 0.846 ...
Earnings Per Share (EPS) CZK 420 570 ...
Book Value Per Share CZK 5,435 5,375 ...

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Net Interest Income CZK mil                     960 1,107 1,078 1,075 1,187   ...
Total Revenues CZK mil                     1,196 1,302 1,480 1,480 1,525   ...
Operating Profit CZK mil                     505 546 660 687 603   ...
Net Profit CZK mil                     309 340 405 415 420   ...
balance sheet                                  
Interbank Loans CZK mil                     2,830 1,973 574 2,626 3,608   ...
Customer Loans CZK mil                     46,790 47,786 48,551 49,578 50,888   ...
Investments CZK mil                     12,397 11,385 12,630 12,624 14,458   ...
Total Assets CZK mil                     66,473 64,773 67,523 69,723 72,644   ...
                                     
Shareholders' Equity CZK mil                     4,749 5,141 5,511 5,612 5,435   ...
Interbank Borrowing CZK mil                     322 1,903 511 1,360 1,050   ...
Customer Deposits CZK mil                     53,241 48,454 49,494 48,955 48,475   ...
Issued Debt Securities CZK mil                     7,762 8,832 11,550 12,649 16,638   ...
ratios                                  
ROE % ...                   6.76 6.88 7.60 7.47 7.61   ...
ROA % ...                   0.460 0.518 0.612 0.605 0.591   ...
Costs (As % Of Assets) % ...                   1.03 1.15 1.24 1.16 1.30   ...
Costs (As % Of Income) %                     57.8 58.1 55.4 53.6 60.5   ...
Net Interest Margin % ...                   1.43 1.69 1.63 1.57 1.67   ...
Interest Income (As % Of Revenues) %                     80.3 85.0 72.8 72.7 77.8   ...
Fee Income (As % Of Revenues) %                     16.4 12.9 11.5 12.2 9.79   ...
Staff Cost (As % Of Total Cost) %                     36.0 36.5 31.0 34.2 32.4   ...
Equity (As % Of Assets) %                     7.14 7.94 8.16 8.05 7.48   ...
Loans (As % Of Deposits) %                     87.9 98.6 98.1 101 105   ...
Loans (As % Assets) %                     70.4 73.8 71.9 71.1 70.1   ...
NPLs (As % Of Loans) % ... ...                 3.88 3.40 3.72 3.09 4.05   ...
Provisions (As % Of NPLs) % ... ...                 46.9 56.5 58.2 76.5 69.1   ...
valuation                                  
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 183 177 214 203    
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 1.00 1.00 1.00 1.00    
Share Price CZK ... ... ... ... ... ... ... ... ... ... ... 4,550 4,550 4,550 4,550    
Earnings Per Share (EPS) CZK ... ... ... ... ... ... ... ... ... ... ... 340 405 415 420   ...
Book Value Per Share CZK ... ... ... ... ... ... ... ... ... ... ... 5,141 5,511 5,612 5,435   ...
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 13.4 11.2 11.0 10.8   ...
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 0.885 0.826 0.811 0.837   ...
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 19.1 2.58 1.20   ...
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 7.20 1.84 -3.17   ...
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                  
Interest Income CZK mil                     2,382 2,230 2,083 1,997 2,084   ...
Interest Cost CZK mil                     1,422 1,123 1,005 922 897   ...
Net Interest Income CZK mil                     960 1,107 1,078 1,075 1,187   ...
Net Fee Income CZK mil                     196 168 170 180 149   ...
Other Income CZK mil                     40.0 27.0 232 225 189   ...
Total Revenues CZK mil                     1,196 1,302 1,480 1,480 1,525   ...
Staff Cost CZK mil                     249 276 254 272 299   ...
Depreciation CZK mil                     68.0 104 80.0 84.6 80.1   ...
Other Cost CZK mil                     374 376 486 437 543   ...
Operating Cost CZK mil                     691 756 820 793 922   ...
Operating Profit CZK mil                     505 546 660 687 603   ...
Provisions CZK mil                     121 121 156 175 128   ...
Extra and Other Cost CZK mil                     0 0 0 -0.411 0   ...
Pre-Tax Profit CZK mil                     384 425 504 512 475   ...
Tax CZK mil                     75.0 85.0 99.0 96.9 54.5   ...
Minorities CZK mil                     0 0 0 0 0   ...
Net Profit CZK mil                     309 340 405 415 420   ...
Net Profit Avail. to Common CZK mil                     309 340 405 415 420   ...
growth rates                                  
Net Interest Income Growth % ...                   1.27 15.3 -2.62 -0.248 10.4   ...
Net Fee Income Growth % ...                   -37.4 -14.3 1.19 5.85 -17.0   ...
Total Revenue Growth % ...                   -6.78 8.86 13.7 0.002 3.06   ...
Operating Cost Growth % ...                   0 9.41 8.47 -3.29 16.3   ...
Operating Profit Growth % ...                   -14.7 8.12 20.9 4.09 -12.2   ...
Pre-Tax Profit Growth % ...                   -24.1 10.7 18.6 1.62 -7.27   ...
Net Profit Growth % ...                   -23.3 10.0 19.1 2.58 1.20   ...
market share                                  
Market Share in Revenues %                     0.712 0.748 0.821 0.826 0.801 ... ...
Market Share in Net Profit %                     0.490 0.513 0.551 0.552 0.516 ... ...
Market Share in Employees %                     0.875 0.666 0.697 0.695 0.733 ... ...
Market Share in Branches %                     0.090 0.092 0.098 0.103 0.102 ... ...
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                  
Cash & Cash Equivalents CZK mil                     3,588 2,916 5,037 843 543   ...
Interbank Loans CZK mil                     2,830 1,973 574 2,626 3,608   ...
Customer Loans CZK mil                     46,790 47,786 48,551 49,578 50,888   ...
Retail Loans CZK mil                     41,610 45,168 46,393 47,794 50,440   ...
Mortgage Loans CZK mil                     41,610 45,168 46,393 46,394 48,879   ...
Consumer Loans CZK mil                     0 0 0 1,400 1,561   ...
Corporate Loans CZK mil                     2,992 2,566 2,127 2,114 1,912   ...
Investments CZK mil                     12,397 11,385 12,630 12,624 14,458   ...
Property and Equipment CZK mil                     279 245 260 174 135 ... ...
Total Assets CZK mil                     66,473 64,773 67,523 69,723 72,644   ...
                                     
Shareholders' Equity CZK mil                     4,749 5,141 5,511 5,612 5,435   ...
Of Which Minority Interest CZK mil                     0 0 0 0 0   ...
Liabilities CZK mil                     61,724 59,632 62,012 64,110 67,209   ...
Interbank Borrowing CZK mil                     322 1,903 511 1,360 1,050   ...
Customer Deposits CZK mil                     53,241 48,454 49,494 48,955 48,475   ...
Retail Deposits CZK mil                     51,902 47,221 48,046 48,430 48,035   ...
Corporate Deposits CZK mil                     773 653 600 513 440   ...
Issued Debt Securities CZK mil                     7,762 8,832 11,550 12,649 16,638   ...
Other Liabilities CZK mil                     399 443 457 1,146 1,047   ...
asset quality                                  
Non-Performing Loans CZK mil ... ...                 1,849 1,657 1,845 1,569 2,119   ...
Gross Loans CZK mil                     47,657 48,722 49,625 50,769 52,352   ...
Total Provisions CZK mil ... ...                 867 936 1,074 1,200 1,464   ...
growth rates                                  
Customer Loan Growth % ...                   -1.69 2.13 1.60 2.12 2.64   ...
Retail Loan Growth % ...                   -8.52 8.55 2.71 3.02 5.54   ...
Mortgage Loan Growth % ...                   -8.52 8.55 2.71 0.002 5.36   ...
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 11.5   ...
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... -14.2 -17.1 -0.626 -9.56   ...
Total Asset Growth % ...                   -2.23 -2.56 4.25 3.26 4.19   ...
Shareholders' Equity Growth % ...                   8.25 8.25 7.20 1.84 -3.17   ...
Customer Deposit Growth % ...                   -3.03 -8.99 2.15 -1.09 -0.980   ...
Retail Deposit Growth % ...                   -5.47 -9.02 1.75 0.800 -0.816   ...
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... -15.5 -8.14 -14.4 -14.2   ...
market share                                  
Market Share in Customer Loans %                     1.78 1.72 1.65 1.61 1.54   ...
Market Share in Corporate Loans %                     0.342 0.279 0.218 0.207 0.177   ...
Market Share in Retail Loans %                     0 0 0 0.367 0.390   ...
Market Share in Consumer Loans %                     3.38 3.41 3.27 3.12 3.06   ...
Market Share in Mortgage Loans %                     4.62 4.65 4.40 4.04 3.92   ...
Market Share in Total Assets %                     1.23 1.17 1.12 0.987 0.991   ...
Market Share in Customer Deposits %                     1.55 1.38 1.31 1.17 1.09   ...
Market Share in Retail Deposits %                     2.70 2.32 2.17 2.04 1.88   ...
Market Share in Corporate Deposits %                     0.092 0.071 0.065 0.052 0.042   ...
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
ROE % ...                   6.76 6.88 7.60 7.47 7.61   ...
ROA % ...                   0.460 0.518 0.612 0.605 0.591   ...
Return on Loans % ...                   0.655 0.719 0.841 0.847 0.837   ...
operating profit (as % of rwa)                                  
Costs (As % Of Assets) % ...                   1.03 1.15 1.24 1.16 1.30   ...
Costs (As % Of Income) %                     57.8 58.1 55.4 53.6 60.5   ...
Costs (As % Of Loans) % ...                   1.46 1.60 1.70 1.62 1.84   ...
Costs (As % Of Loans & Deposits) % ...                   0.682 0.770 0.844 0.807 0.932   ...
Net Interest Margin % ...                   1.43 1.69 1.63 1.57 1.67   ...
Interest Spread % ...                   1.27 1.55 1.50 1.45 1.56   ...
Asset Yield % ...                   3.54 3.40 3.15 2.91 2.93   ...
revenues (as % of rwa)                                  
Cost Of Liabilities % ...                   2.27 1.85 1.65 1.46 1.37   ...
Interest Income (As % Of Revenues) %                     80.3 85.0 72.8 72.7 77.8   ...
Fee Income (As % Of Revenues) %                     16.4 12.9 11.5 12.2 9.79   ...
Other Income (As % Of Revenues) %                     3.34 2.07 15.7 15.2 12.4   ...
Staff Cost (As % Of Total Cost) %                     36.0 36.5 31.0 34.2 32.4   ...
Equity (As % Of Assets) %                     7.14 7.94 8.16 8.05 7.48   ...
Equity (As % Of Loans) %                     10.1 10.8 11.4 11.3 10.7   ...
Loans (As % Of Deposits) %                     87.9 98.6 98.1 101 105   ...
Loans (As % Assets) %                     70.4 73.8 71.9 71.1 70.1   ...
NPLs (As % Of Loans) % ... ...                 3.88 3.40 3.72 3.09 4.05   ...
Provisions (As % Of NPLs) % ... ...                 46.9 56.5 58.2 76.5 69.1   ...
Provisions (As % Of Loans) % ... ...                 1.85 1.96 2.21 2.42 2.88   ...
Cost of Provisions (As % Of Loans) % ...                   0.256 0.256 0.324 0.357 0.255   ...
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Branches                     2.00 2.00 2.00 2.00 2.00   ...
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Employees                     353 274 286 291 307   ...
Employees Per Bank Branch                     177 137 143 146 154   ...
Cost Per Employee USD per month                     2,750 3,514 2,933 3,314 3,710   ...
Cost Per Employee (Local Currency) CZK per month                     58,782 83,873 74,009 77,771 81,163   ...
customer breakdown Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                   
Customers mil ... ... ... ...             0.074 0.075 0.074 0.072 0.072   ...
Number of Accounts mil ... ... ... ...             0.438 0.405 0.393 0.384 0.372    
Number of Mortgages mil ... ... ... ...             0.074 0.075 0.074 0.072 0.072    
Average Size of Deposit CZK ... ... ... ...             121,685 119,580 126,073 127,492 130,408   ...
Average Size of Mortgage Loan CZK ... ... ... ...             560,477 603,437 628,478 641,324 677,847   ...
Accounts (As % of Total Clients) % ... ... ... ...             589 541 532 531 515   ...
Mortgages (As % of Total Clients) % ... ... ... ...             100 100 100 100 100   ...
                                     
Market Value per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... 60,788 61,639 62,897 63,099   ...
Revenue per Customer (Local Currency) CZK ... ... ... ...             16,110 17,395 20,050 20,459 21,154   ...
Net Profit per Customer (Local Currency) CZK ... ... ... ...             4,162 4,542 5,487 5,743 5,831   ...
Loan per Customer (Local Currency) CZK ... ... ... ...             630,250 638,418 657,720 685,344 705,707   ...
Deposit per Customer (Local Currency) CZK ... ... ... ...             717,144 647,343 670,494 676,735 672,250   ...
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... 2,449 2,404 2,954 2,809   ...
Revenue per Customer USD ... ... ... ...             754 729 795 872 967   ...
Net Profit per Customer USD ... ... ... ...             195 190 217 245 266   ...
Loan per Customer USD ... ... ... ...             27,505 25,718 25,653 32,189 31,412   ...
Deposit per Customer USD ... ... ... ...             31,297 26,077 26,151 31,785 29,923   ...

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Wustenrot Group's customer deposits rose 14.2% yoy to CZK 55,381 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's customer deposits reached CZK 55,381 mil in 2019, up 14.2% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,739 bil in 2019, up 6.61% when compared to the last year. Wustenrot Group accounted for 1....

Wustenrot Group's customer loans rose 8.21% yoy to CZK 55,066 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's customer loans reached CZK 55,066 mil in 2019, up 8.21% compared to the previous year. Czech banking sector provided customer loans of CZK 3,451 bil in 2019, up 4.37% when compared to the last year. Wustenrot Group accounted for 1.60% of...

Wustenrot Group's consumer loans fell 5.57% yoy to CZK 1,474 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's consumer loans reached CZK 1,474 mil in 2019, down 5.57% compared to the previous year. Czech banking sector provided consumer loans of CZK 415 bil in 2019, up 3.83% when compared to the last year. Wustenrot Group accounted for 3.12% of ...

Wustenrot Group's retail deposits rose 14.5% yoy to CZK 55,004 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's retail deposits reached CZK 55,004 mil in 2019, up 14.5% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,725 bil in 2019, up 6.53% when compared to the last year. Wustenrot Group accounted for 2.02% ...

Wustenrot Group's npls (as % of loans) fell 42.0% yoy to 2.35% in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's non-performing loans reached 2.35% of total loans at the end of 2019, down from 4.05% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.05% in 2018 and an all time low of 1.61% in 2008. Provision coverage...

Wustenrot Group's costs (as % of assets) fell 2.17% yoy to 1.27% in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's cost to income ratio reached 61.9% in 2019, up from 60.5% compared to the previous year. Historically, the bank’s costs reached an all time high of 75.0% of income in 2007 and an all time low of 47.6% in 2012. When compared to total asset...

Wustenrot Group's employees fell 1.30% yoy to 303 in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group employed 303 persons in 2019, down 1.30% when compared to the previous year. Historically, the bank's workforce hit an all time high of 378 persons in 2012 and an all time low of 193 in 2005. Average cost reached USD 4,046 per month per employee, ...

Wustenrot Group's net interest margin fell 3.98% yoy to 1.60% in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's net interest margin amounted to 1.60% in 2019, down from 1.67% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 1.97% in 2010 and an all time low of 1.34% in 2007. The average marg...

Wustenrot Group's net interest income rose 1.78% yoy to CZK 1,208 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group generated total banking revenues of CZK 1,544 mil in 2019, up 1.24% 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 CZK 1,544 mil in 2019 and ...

Wustenrot Group's corporate loans fell 2.32% yoy to CZK 1,867 mil in 2019

By Helgi Analytics - March 24, 2021

Wustenrot Group's corporate loans reached CZK 1,867 mil in 2019, down 2.32% compared to the previous year. Czech banking sector provided corporate loans of CZK 1,120 bil in 2019, up 3.67% when compared to the last year. Wustenrot Group accounted for 0.167...

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Finance

Wustenrot Group has been growing its revenues and asset by -100% and -100% a year on average in the last 10 years. Its loans and deposits have grown by -100% and -100% a year during that time and loans to deposits ratio reached at the end of 2020. The company achieved an average return on equity of 8.22% in the last decade with net profit growing -100% a year on average. In terms of operating efficiency, its cost to income ratio reached in 2020, compared to 56.0% average in the last decade.

Equity represented of total assets or of loans at the end of 2020. Wustenrot Group's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2020.

Valuation

Wustenrot Group stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 9.08% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of x in 2020.