By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's mortgage loans reached CZK 34,754 mil in 2019-06-30, up 2.89% compared to the previous year. Czech ...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's net interest margin amounted to 1.22% in the second quarter of 2019, up from 1.18% when compared to ...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka generated total banking revenues of CZK 122 mil in 2019-06-30, down 0.337% compared to the previous ye...
Profit Statement | 2016 | 2017 | 2018 | |
Net Interest Income | CZK mil | 446 | 436 | 440 |
Fee Income (As % Of Revenues) | % | 8.62 | 8.50 | 6.47 |
Other Income | CZK mil | 31.0 | -1.00 | -6.00 |
Total Revenues | CZK mil | 522 | 475 | 464 |
Staff Cost | CZK mil | 19.0 | 30.3 | 31.0 |
Operating Profit | CZK mil | 283 | 264 | 184 |
Provisions | CZK mil | 47.0 | 16.0 | 42.0 |
Net Profit | CZK mil | 190 | 200 | 119 |
Balance Sheet | 2016 | 2017 | 2018 | |
Interbank Loans | CZK mil | 47.0 | 1,458 | 2,608 |
Customer Loans | CZK mil | 27,193 | 29,458 | 32,983 |
Debt Securities | CZK mil | 1,560 | 1,306 | 1,101 |
Total Assets | CZK mil | 30,191 | 32,727 | 37,199 |
Shareholders' Equity | CZK mil | 2,076 | 2,323 | 2,269 |
Interbank Borrowing | CZK mil | 501 | 1,294 | 1,041 |
Customer Deposits | CZK mil | 15,967 | 16,376 | 17,048 |
Issued Debt Securities | CZK mil | 11,550 | 12,649 | 16,638 |
Ratios | 2016 | 2017 | 2018 | |
ROE | % | 9.57 | 9.10 | 5.18 |
ROA | % | 0.654 | 0.636 | 0.340 |
Costs (As % Of Assets) | % | 0.823 | 0.673 | 0.801 |
Costs (As % Of Income) | % | 45.8 | 44.5 | 60.3 |
Capital Adequacy Ratio | % | 15.5 | 14.8 | 13.0 |
Net Interest Margin | % | 1.54 | 1.39 | 1.26 |
Loans (As % Of Deposits) | % | 170 | 180 | 193 |
NPLs (As % Of Loans) | % | 3.77 | 2.46 | 1.83 |
Provisions (As % Of NPLs) | % | 37.6 | 52.7 | 67.2 |
Growth Rates | 2016 | 2017 | 2018 | |
Total Revenue Growth | % | -8.74 | -8.96 | -2.36 |
Operating Cost Growth | % | 6.70 | -11.4 | 32.3 |
Operating Profit Growth | % | -18.7 | -6.86 | -30.2 |
Net Profit Growth | % | -23.1 | 5.34 | -40.5 |
Customer Loan Growth | % | 7.40 | 8.33 | 12.0 |
Total Asset Growth | % | 8.33 | 8.40 | 13.7 |
Customer Deposit Growth | % | 5.59 | 2.56 | 4.10 |
Shareholders' Equity Growth | % | 9.49 | 11.9 | -2.32 |
Employees | 40.0 | 43.0 | 44.0 |
Get all company financials in excel:
summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||
Net Interest Income | CZK mil | ... | 292 | 344 | 449 | 508 | 446 | ||||||||||
Total Revenues | CZK mil | ... | 324 | 410 | 528 | 572 | 522 | ||||||||||
Operating Profit | CZK mil | ... | 155 | 215 | 314 | 348 | 283 | ||||||||||
Net Profit | CZK mil | ... | 62.5 | 136 | 219 | 247 | 190 | ||||||||||
balance sheet | |||||||||||||||||
Interbank Loans | CZK mil | 11.6 | 715 | 61.0 | 51.0 | 47.0 | |||||||||||
Customer Loans | CZK mil | 18,583 | 21,745 | 23,055 | 25,319 | 27,193 | |||||||||||
Debt Securities | CZK mil | 1,007 | 1,777 | 1,641 | 1,284 | 1,560 | |||||||||||
Total Assets | CZK mil | 20,149 | 24,970 | 25,060 | 27,869 | 30,191 | |||||||||||
Shareholders' Equity | CZK mil | 1,274 | 1,431 | 1,636 | 1,896 | 2,076 | |||||||||||
Interbank Borrowing | CZK mil | 9.53 | 11.0 | 311 | 1,903 | 501 | |||||||||||
Customer Deposits | CZK mil | 11,214 | 15,300 | 15,407 | 15,121 | 15,967 | |||||||||||
Issued Debt Securities | CZK mil | 7,408 | 8,046 | 7,656 | 8,832 | 11,550 | |||||||||||
ratios | |||||||||||||||||
ROE | % | ... | 5.42 | 10.1 | 14.3 | 14.0 | 9.57 | ||||||||||
ROA | % | ... | 0.316 | 0.603 | 0.875 | 0.933 | 0.654 | ||||||||||
Costs (As % Of Assets) | % | ... | 0.853 | 0.864 | 0.855 | 0.846 | 0.823 | ||||||||||
Costs (As % Of Income) | % | ... | 52.0 | 47.6 | 40.5 | 39.2 | 45.8 | ||||||||||
Capital Adequacy Ratio | % | ... | 12.6 | 11.1 | 12.7 | 13.1 | 15.5 | ||||||||||
Net Interest Margin | % | ... | 1.48 | 1.52 | 1.79 | 1.92 | 1.54 | ||||||||||
Interest Income (As % Of Revenues) | % | ... | 90.0 | 83.9 | 85.0 | 88.8 | 85.4 | ||||||||||
Fee Income (As % Of Revenues) | % | ... | 15.6 | 14.4 | 10.6 | 9.62 | 8.62 | ||||||||||
Staff Cost (As % Of Total Cost) | % | ... | 41.0 | 37.4 | 36.0 | 41.5 | 7.95 | ||||||||||
Equity (As % Of Assets) | % | 6.32 | 5.73 | 6.53 | 6.80 | 6.88 | |||||||||||
Loans (As % Of Deposits) | % | ... | ... | ... | ... | ... | 166 | 142 | 150 | 167 | 170 | ||||||
Loans (As % Assets) | % | 92.2 | 87.1 | 92.0 | 90.9 | 90.1 | |||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | 3.81 | 4.32 | 4.62 | 3.50 | 3.77 | ||||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | 35.2 | 30.4 | 30.3 | 39.4 | 37.6 |
income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||
Interest Income | CZK mil | ... | 922 | 934 | 908 | 841 | 760 | ||||||||||
Interest Cost | CZK mil | ... | 630 | 590 | 459 | 333 | 314 | ||||||||||
Net Interest Income | CZK mil | ... | 292 | 344 | 449 | 508 | 446 | ||||||||||
Net Fee Income | CZK mil | ... | 50.7 | 59.0 | 56.0 | 55.0 | 45.0 | ||||||||||
Other Income | CZK mil | ... | -18.4 | 7.00 | 23.0 | 9.00 | 31.0 | ||||||||||
Total Revenues | CZK mil | ... | 324 | 410 | 528 | 572 | 522 | ||||||||||
Staff Cost | CZK mil | ... | 69.2 | 73.0 | 77.0 | 93.0 | 19.0 | ||||||||||
Depreciation | CZK mil | ... | 19.2 | 21.0 | 14.0 | 15.0 | 14.0 | ||||||||||
Other Cost | CZK mil | ... | 80.3 | 101 | 123 | 116 | 206 | ||||||||||
Operating Cost | CZK mil | ... | 169 | 195 | 214 | 224 | 239 | ||||||||||
Operating Profit | CZK mil | ... | 155 | 215 | 314 | 348 | 283 | ||||||||||
Provisions | CZK mil | ... | 79.3 | 39.0 | 44.0 | 40.0 | 47.0 | ||||||||||
Extra and Other Cost | CZK mil | ... | 0.015 | 0 | 0 | 0 | 0 | ||||||||||
Pre-Tax Profit | CZK mil | ... | 76.2 | 176 | 270 | 308 | 236 | ||||||||||
Tax | CZK mil | ... | 13.7 | 40.0 | 51.0 | 61.0 | 46.0 | ||||||||||
Minorities | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
Net Profit | CZK mil | ... | 62.5 | 136 | 219 | 247 | 190 | ||||||||||
Dividends | CZK mil | ... | 0 | 0 | 0 | 0 | 95.0 | ... | |||||||||
growth rates | |||||||||||||||||
Net Interest Income Growth | % | ... | ... | 7.81 | 17.8 | 30.5 | 13.1 | -12.2 | |||||||||
Net Fee Income Growth | % | ... | ... | 111 | 16.4 | -5.08 | -1.79 | -18.2 | |||||||||
Total Revenue Growth | % | ... | ... | 15.9 | 26.5 | 28.8 | 8.33 | -8.74 | |||||||||
Operating Cost Growth | % | ... | ... | 24.2 | 15.6 | 9.74 | 4.67 | 6.70 | |||||||||
Operating Profit Growth | % | ... | ... | 8.01 | 38.3 | 46.0 | 10.8 | -18.7 | |||||||||
Pre-Tax Profit Growth | % | ... | ... | 55.0 | 131 | 53.4 | 14.1 | -23.4 | |||||||||
Net Profit Growth | % | ... | ... | 62.4 | 118 | 61.0 | 12.8 | -23.1 | |||||||||
market share | |||||||||||||||||
Market Share in Revenues | % | ... | 0.194 | 0.244 | 0.314 | 0.328 | 0.290 | ||||||||||
Market Share in Net Profit | % | ... | ... | ... | ... | 0.097 | 0.223 | 0.347 | 0.372 | 0.258 | |||||||
Market Share in Employees | % | ... | 0.104 | 0.097 | 0.087 | 0.080 | 0.098 | ||||||||||
Market Share in Branches | % | ... | 0.048 | 0.045 | 0.045 | 0.046 | 0.049 |
balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
balance sheet | |||||||||||||||||
Cash | CZK mil | 435 | 697 | 260 | 1,163 | 1,357 | |||||||||||
Interbank Loans | CZK mil | 11.6 | 715 | 61.0 | 51.0 | 47.0 | |||||||||||
Customer Loans | CZK mil | 18,583 | 21,745 | 23,055 | 25,319 | 27,193 | |||||||||||
Retail Loans | CZK mil | 17,613 | 19,635 | 20,916 | 25,319 | 27,193 | |||||||||||
Mortgage Loans | CZK mil | 17,613 | 19,635 | 20,916 | 25,319 | 27,193 | |||||||||||
Consumer Loans | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Corporate Loans | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Debt Securities | CZK mil | 1,007 | 1,777 | 1,641 | 1,284 | 1,560 | |||||||||||
Fixed Assets | CZK mil | 16.2 | 29.0 | 34.0 | 37.0 | 35.0 | ... | ||||||||||
Total Assets | CZK mil | 20,149 | 24,970 | 25,060 | 27,869 | 30,191 | |||||||||||
Shareholders' Equity | CZK mil | 1,274 | 1,431 | 1,636 | 1,896 | 2,076 | |||||||||||
Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Liabilities | CZK mil | 18,875 | 23,539 | 23,424 | 25,973 | 28,115 | |||||||||||
Interbank Borrowing | CZK mil | 9.53 | 11.0 | 311 | 1,903 | 501 | |||||||||||
Customer Deposits | CZK mil | 11,214 | 15,300 | 15,407 | 15,121 | 15,967 | |||||||||||
Issued Debt Securities | CZK mil | 7,408 | 8,046 | 7,656 | 8,832 | 11,550 | |||||||||||
Other Liabilities | CZK mil | 243 | 182 | 50.0 | 117 | 97.0 | |||||||||||
asset quality | |||||||||||||||||
Non-Performing Loans | CZK mil | ... | ... | ... | 718 | 953 | 1,081 | 898 | 1,041 | ||||||||
Gross Loans | CZK mil | 18,835 | 22,035 | 23,383 | 25,673 | 27,584 | |||||||||||
Total Provisions | CZK mil | ... | ... | ... | 252 | 290 | 328 | 354 | 391 | ||||||||
growth rates | |||||||||||||||||
Customer Loan Growth | % | ... | 13.2 | 17.0 | 6.02 | 9.82 | 7.40 | ||||||||||
Retail Loan Growth | % | ... | ... | 10.3 | 11.5 | 6.52 | 21.1 | 7.40 | |||||||||
Mortgage Loan Growth | % | ... | ... | 10.3 | 11.5 | 6.52 | 21.1 | 7.40 | |||||||||
Total Asset Growth | % | ... | 3.77 | 23.9 | 0.360 | 11.2 | 8.33 | ||||||||||
Shareholders' Equity Growth | % | ... | 23.5 | 12.3 | 14.3 | 15.9 | 9.49 | ||||||||||
Customer Deposit Growth | % | ... | ... | ... | ... | ... | ... | 51.3 | 36.4 | 0.699 | -1.86 | 5.59 | |||||
market share | |||||||||||||||||
Market Share in Customer Loans | % | 0.787 | 0.865 | 0.875 | 0.910 | 0.922 | |||||||||||
Market Share in Corporate Loans | % | 0 | 0 | 0 | 0 | 0 | |||||||||||
Market Share in Retail Loans | % | 0 | 0 | 0 | 0 | 0 | |||||||||||
Market Share in Consumer Loans | % | 1.55 | 1.66 | 1.70 | 1.91 | 1.92 | |||||||||||
Market Share in Mortgage Loans | % | 2.17 | 2.30 | 2.32 | 2.61 | 2.58 | |||||||||||
Market Share in Total Assets | % | 0.435 | 0.480 | 0.465 | 0.502 | 0.502 | |||||||||||
Market Share in Customer Deposits | % | 0.359 | 0.458 | 0.449 | 0.429 | 0.424 |
ratios | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
ratios | |||||||||||||||||
ROE | % | ... | 5.42 | 10.1 | 14.3 | 14.0 | 9.57 | ||||||||||
ROA | % | ... | 0.316 | 0.603 | 0.875 | 0.933 | 0.654 | ||||||||||
Costs (As % Of Assets) | % | ... | 0.853 | 0.864 | 0.855 | 0.846 | 0.823 | ||||||||||
Costs (As % Of Income) | % | ... | 52.0 | 47.6 | 40.5 | 39.2 | 45.8 | ||||||||||
Capital Adequacy Ratio | % | ... | 12.6 | 11.1 | 12.7 | 13.1 | 15.5 | ||||||||||
Tier 1 Ratio | % | ... | 12.6 | 11.1 | 12.7 | 13.1 | 15.5 | ||||||||||
Net Interest Margin | % | ... | 1.48 | 1.52 | 1.79 | 1.92 | 1.54 | ||||||||||
Interest Spread | % | ... | 1.28 | 1.36 | 1.68 | 1.83 | 1.46 | ||||||||||
Asset Yield | % | ... | 4.66 | 4.14 | 3.63 | 3.18 | 2.62 | ||||||||||
Cost Of Liabilities | % | ... | 3.38 | 2.78 | 1.95 | 1.35 | 1.16 | ||||||||||
Payout Ratio | % | ... | 0 | 0 | 0 | 0 | 50.0 | ... | |||||||||
Interest Income (As % Of Revenues) | % | ... | 90.0 | 83.9 | 85.0 | 88.8 | 85.4 | ||||||||||
Fee Income (As % Of Revenues) | % | ... | 15.6 | 14.4 | 10.6 | 9.62 | 8.62 | ||||||||||
Other Income (As % Of Revenues) | % | ... | -5.68 | 1.71 | 4.36 | 1.57 | 5.94 | ||||||||||
Cost Per Employee | USD per month | ... | 7,016 | 7,969 | 8,578 | 9,833 | 1,569 | ||||||||||
Cost Per Employee (Local Currency) | CZK per month | ... | 137,242 | 155,920 | 183,333 | 234,705 | 39,583 | ||||||||||
Staff Cost (As % Of Total Cost) | % | ... | 41.0 | 37.4 | 36.0 | 41.5 | 7.95 | ||||||||||
Equity (As % Of Assets) | % | 6.32 | 5.73 | 6.53 | 6.80 | 6.88 | |||||||||||
Loans (As % Of Deposits) | % | ... | ... | ... | ... | ... | 166 | 142 | 150 | 167 | 170 | ||||||
Loans (As % Assets) | % | 92.2 | 87.1 | 92.0 | 90.9 | 90.1 | |||||||||||
NPLs (As % Of Loans) | % | ... | ... | ... | 3.81 | 4.32 | 4.62 | 3.50 | 3.77 | ||||||||
Provisions (As % Of NPLs) | % | ... | ... | ... | 35.2 | 30.4 | 30.3 | 39.4 | 37.6 | ||||||||
Provisions (As % Of Loans) | % | ... | ... | ... | 1.36 | 1.33 | 1.42 | 1.40 | 1.44 | ||||||||
Cost of Provisions (As % Of Loans) | % | ... | 0.453 | 0.193 | 0.196 | 0.165 | 0.179 |
other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
other data | |||||||||||||||||
Branches | ... | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |||||||||||
Employees | ... | 42.0 | 39.0 | 35.0 | 33.0 | 40.0 | |||||||||||
Number Of New Mortgages Provided | 3,485 | 4,643 | 3,922 | 4,568 | 4,226 | ||||||||||||
Volume Of New Mortgages Sold | CZK mil | 4,376 | 5,755 | 5,019 | 6,633 | 6,994 | |||||||||||
Average Size Of A New Mortgage | CZK '000 | 1,256 | 1,240 | 1,280 | 1,452 | 1,655 |
Get all company financials in excel:
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's customer deposits reached CZK 18,011 mil in 2019-06-30, down 0.638% compared to the previous year. Czech banking sector accepted customer deposits of CZK 4,953 bil in 2019-06-30, up 3.71% when compared to the last year. Wustenr...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's customer loans reached CZK 34,874 mil in 2019-06-30, up 3.14% compared to the previous year. Czech banking sector provided customer loans of CZK 3,398 bil in 2019-06-30, up 1.23% when compared to the last year. Wustenrot Hypote...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's loans reached CZK 35,295 mil in the second quarter of 2019, up from CZK 34,224 mil when compared to the previous quarter and up from CZK 31,572 mil when compared to the same period of last year. Historically, the bank’s l...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's retail deposits reached CZK 17,122 mil in 2019-06-30, down 0.445% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,689 bil in 2019-06-30, up 1.68% when compared to the last year. Wustenrot H...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka made a net profit of CZK 29.1 mil in the second quarter of 2019, down 46% when compared to the same period of last year. This implies a return on equity of 5.08%. Historically, the bank’s net profit reached an all time high of CZK 79.6 m...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's corporate deposits reached CZK 398 mil in 2019-06-30, down 10.0% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,037 bil in 2019-06-30, up 2.06% when compared to the last year. Wustenrot...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's non-performing loans reached 3.79% of total loans at the end of 2019-06-30, down from 4.39% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.77% in 2018-09-30 and an all time low of 0.840% in 2008-03...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka employed 34.0 persons in 2019-06-30, down 0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 43.0 persons in 2013-03-31 and an all time low of 22.0 in 2008-09-30. Average cost reached USD 3,8...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka's capital adequacy ratio reached 14.9% at the end of second quarter of 2019, up from 14.4% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 16.1% in 2Q2016 and an all time low of 9.63% i...
By Helgi Analytics - October 16, 2019
Wustenrot Hypotecni banka generated total banking revenues of CZK 122 mil in the second quarter of 2019, down 1.7% when compared to the same period of last year and 0.337% when compared to the previous quarter. Historically, the bank’s revenues containing of ...
Wüstenrot Hypoteční banka is a Czech Republic-based mortgage bank. Although Wüstenrot has been growing more than twice as fast as the overall market over the last five years, its late arrival in the mortgage business a decade ago means the bank still occupies only 2.5% of the Czech mortgage lending market. Partly because of its small size and its conservative approach, the bank is relatively little profitable with ROE in single-digit territory in the last five years. Size matters and the lack of economies of scale is also reflected in Wüstenrot’s low cost efficiency. In 2012, the bank’s operating costs accounted for over 50% of bank revenues, three times as much as the other pure mortgage bank on the Czech market - Hypoteční Banka
Wustenrot Hypotecni banka has been growing its revenues and asset by 18.0% and 18.3% a year on average in the last 10 years. Its loans and deposits have grown by 17.3% and 62.3% a year during that time and loans to deposits ratio reached 193% at the end of 2018. The company achieved an average return on equity of 8.54% in the last decade with net profit growing 26.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 60.3% in 2018, compared to 48.7% average in the last decade.
Equity represented 6.10% of total assets or 6.88% of loans at the end of 2018. Wustenrot Hypotecni banka's non-performing loans were 1.83% of total loans while provisions covered some 67.2% of NPLs at the end of 2018.