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Wustenrot Hypotecni banka

WHB's net interest margin fell 42.4% yoy to 0.671% in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's net interest margin amounted to 0.671% in the third quarter of 2020, down from 0.786% when compared ...

WHB's customer deposits rose 48.7% yoy to CZK 28,895 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's customer deposits reached CZK 28,895 mil in 2020-09-30, down 4.35% compared to the previous year. C...

WHB's retail deposits rose 53.6% yoy to CZK 28,467 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's retail deposits reached CZK 28,467 mil in 2020-09-30, down 4.06% compared to the previous year. Cze...

Profit Statement 2017 2018 2019
Net Interest Income CZK mil 436 440 412
Fee Income (As % Of Revenues) % 8.50 6.47 4.94
Other Income CZK mil -1.00 -6.00 11.0
Total Revenues CZK mil 475 464 445
Staff Cost CZK mil 30.3 31.0 41.0
Operating Profit CZK mil 264 184 144
Provisions CZK mil 16.0 42.0 -19.0
Net Profit CZK mil 200 119 131
Balance Sheet 2017 2018 2019
Interbank Loans CZK mil 1,458 2,608 3,344
Customer Loans CZK mil 29,458 32,983 37,630
Investments CZK mil 1,306 1,101 1,104
Total Assets CZK mil 32,727 37,199 42,636
Shareholders' Equity CZK mil 2,323 2,269 2,352
Interbank Borrowing CZK mil 1,294 1,041 680
Customer Deposits CZK mil 16,376 17,048 23,734
Issued Debt Securities CZK mil 12,649 16,638 15,438
Ratios 2017 2018 2019
ROE % 9.10 5.18 5.67
ROA % 0.636 0.340 0.328
Costs (As % Of Assets) % 0.673 0.801 0.754
Costs (As % Of Income) % 44.5 60.3 67.6
Capital Adequacy Ratio % 14.8 13.0 14.5
Net Interest Margin % 1.39 1.26 1.03
Loans (As % Of Deposits) % 180 193 159
NPLs (As % Of Loans) % 2.46 1.85 1.38
Provisions (As % Of NPLs) % 52.7 66.2 64.0
Growth Rates 2017 2018 2019
Total Revenue Growth % -8.96 -2.36 -4.09
Operating Cost Growth % -11.4 32.3 7.50
Operating Profit Growth % -6.86 -30.2 -21.7
Net Profit Growth % 5.34 -40.5 10.1
Customer Loan Growth % 8.33 12.0 14.1
Total Asset Growth % 8.40 13.7 14.6
Customer Deposit Growth % 2.56 4.10 39.2
Shareholders' Equity Growth % 11.9 -2.32 3.66
Employees 43.0 44.0 45.0

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                    
Net Interest Income CZK mil ...                     449 508 446 436 440   ...
Total Revenues CZK mil ...                     528 572 522 475 464   ...
Operating Profit CZK mil ...                     314 348 283 264 184   ...
Net Profit CZK mil ...                     219 247 190 200 119   ...
balance sheet                                    
Interbank Loans CZK mil                       61.0 51.0 47.0 1,458 2,608   ...
Customer Loans CZK mil                       23,055 25,319 27,193 29,458 32,983   ...
Investments CZK mil                       1,641 1,284 1,560 1,306 1,101   ...
Total Assets CZK mil                       25,060 27,869 30,191 32,727 37,199   ...
                                       
Shareholders' Equity CZK mil                       1,636 1,896 2,076 2,323 2,269   ...
Interbank Borrowing CZK mil                       311 1,903 501 1,294 1,041   ...
Customer Deposits CZK mil                       15,407 15,121 15,967 16,376 17,048   ...
Issued Debt Securities CZK mil                       7,656 8,832 11,550 12,649 16,638   ...
ratios                                    
ROE % ...                     14.3 14.0 9.57 9.10 5.18   ...
ROA % ...                     0.875 0.933 0.654 0.636 0.340   ...
Costs (As % Of Assets) % ...                     0.855 0.846 0.823 0.673 0.801   ...
Costs (As % Of Income) % ...                     40.5 39.2 45.8 44.5 60.3   ...
Capital Adequacy Ratio % ...                     12.7 13.1 15.5 14.8 13.0   ...
Net Interest Margin % ...                     1.79 1.92 1.54 1.39 1.26   ...
Interest Income (As % Of Revenues) % ...                     85.0 88.8 85.4 91.7 94.8   ...
Fee Income (As % Of Revenues) % ...                     10.6 9.62 8.62 8.50 6.47   ...
Staff Cost (As % Of Total Cost) % ...                     36.0 41.5 7.95 14.3 11.1   ...
Equity (As % Of Assets) %                       6.53 6.80 6.88 7.10 6.10   ...
Loans (As % Of Deposits) %                       150 167 170 180 193   ...
Loans (As % Assets) %                       92.0 90.9 90.1 90.0 88.7   ...
NPLs (As % Of Loans) % ... ... ...                 4.62 3.50 3.77 2.46 1.85   ...
Provisions (As % Of NPLs) % ... ... ...                 30.3 39.4 37.6 52.7 66.2   ...
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                    
Interest Income CZK mil ...                     908 841 760 727 817   ...
Interest Cost CZK mil ...                     459 333 314 291 377   ...
Net Interest Income CZK mil ...                     449 508 446 436 440   ...
Net Fee Income CZK mil ...                     56.0 55.0 45.0 40.4 30.0   ...
Other Income CZK mil ...                     23.0 9.00 31.0 -1.00 -6.00   ...
Total Revenues CZK mil ...                     528 572 522 475 464   ...
Staff Cost CZK mil ...                     77.0 93.0 19.0 30.3 31.0   ...
Depreciation CZK mil ...                     14.0 15.0 14.0 2.34 2.00   ...
Other Cost CZK mil ...                     123 116 206 179 247   ...
Operating Cost CZK mil ...                     214 224 239 212 280   ...
Operating Profit CZK mil ...                     314 348 283 264 184   ...
Provisions CZK mil ...                     44.0 40.0 47.0 16.0 42.0   ...
Extra and Other Cost CZK mil ...                     0 0 0 -0.411 0   ...
Pre-Tax Profit CZK mil ...                     270 308 236 248 142   ...
Tax CZK mil ...                     51.0 61.0 46.0 48.0 23.0   ...
Minorities CZK mil ...                     0 0 0 0 0   ...
Net Profit CZK mil ...                     219 247 190 200 119   ...
Net Profit Avail. to Common CZK mil ...                     219 247 190 200 119   ...
growth rates                                    
Net Interest Income Growth % ... ...                   30.5 13.1 -12.2 -2.27 0.949   ...
Net Fee Income Growth % ... ...                   -5.08 -1.79 -18.2 -10.3 -25.7   ...
Total Revenue Growth % ... ...                   28.8 8.33 -8.74 -8.96 -2.36   ...
Operating Cost Growth % ... ...                   9.74 4.67 6.70 -11.4 32.3   ...
Operating Profit Growth % ... ...                   46.0 10.8 -18.7 -6.86 -30.2   ...
Pre-Tax Profit Growth % ... ...                   53.4 14.1 -23.4 5.08 -42.7   ...
Net Profit Growth % ... ...                   61.0 12.8 -23.1 5.34 -40.5   ...
market share                                    
Market Share in Revenues % ...                     0.314 0.328 0.290 0.265 0.244 ... ...
Market Share in Net Profit % ... ... ... ...               0.347 0.372 0.258 0.266 0.146 ... ...
Market Share in Employees % ...                     0.087 0.080 0.098 0.103 0.105 ... ...
Market Share in Branches % ...                     0.045 0.046 0.049 0.051 0.051 ... ...
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                    
Cash & Cash Equivalents CZK mil                       260 1,163 1,357 343 315   ...
Interbank Loans CZK mil                       61.0 51.0 47.0 1,458 2,608   ...
Customer Loans CZK mil                       23,055 25,319 27,193 29,458 32,983   ...
Retail Loans CZK mil                       20,916 25,319 27,193 29,545 33,058   ...
Mortgage Loans CZK mil                       20,916 25,319 27,193 28,145 31,497   ...
Consumer Loans CZK mil                       0 0 0 1,400 1,561   ...
Corporate Loans CZK mil                       0 0 0 300 335   ...
Investments CZK mil                       1,641 1,284 1,560 1,306 1,101   ...
Property and Equipment CZK mil                       34.0 37.0 35.0 17.3 7.00   ...
Total Assets CZK mil                       25,060 27,869 30,191 32,727 37,199   ...
                                       
Shareholders' Equity CZK mil                       1,636 1,896 2,076 2,323 2,269   ...
Of Which Minority Interest CZK mil                       0 0 0 0 0   ...
Liabilities CZK mil                       23,424 25,973 28,115 30,404 34,930   ...
Interbank Borrowing CZK mil                       311 1,903 501 1,294 1,041   ...
Customer Deposits CZK mil                       15,407 15,121 15,967 16,376 17,048   ...
Retail Deposits CZK mil                       15,407 15,121 15,967 16,376 17,048   ...
Corporate Deposits CZK mil                       0 0 0 0 0   ...
Issued Debt Securities CZK mil                       7,656 8,832 11,550 12,649 16,638   ...
Other Liabilities CZK mil                       50.0 117 97.0 84.8 203   ...
asset quality                                    
Non-Performing Loans CZK mil ... ... ...                 1,081 898 1,041 734 619   ...
Gross Loans CZK mil                       23,383 25,673 27,584 29,845 33,393   ...
Total Provisions CZK mil ... ... ...                 328 354 391 387 410   ...
growth rates                                    
Customer Loan Growth % ...                     6.02 9.82 7.40 8.33 12.0   ...
Retail Loan Growth % ... ...                   6.52 21.1 7.40 8.65 11.9   ...
Mortgage Loan Growth % ... ...                   6.52 21.1 7.40 3.50 11.9   ...
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 11.5   ...
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 11.7   ...
Total Asset Growth % ...                     0.360 11.2 8.33 8.40 13.7   ...
Shareholders' Equity Growth % ...                     14.3 15.9 9.49 11.9 -2.32   ...
Customer Deposit Growth % ...                     0.699 -1.86 5.59 2.56 4.10   ...
Retail Deposit Growth % ...                     0.699 -1.86 5.59 2.56 4.10   ...
market share                                    
Market Share in Customer Loans %                       0.875 0.910 0.922 0.955 0.998   ...
Market Share in Corporate Loans %                       0 0 0 0.029 0.031   ...
Market Share in Retail Loans %                       0 0 0 0.367 0.390   ...
Market Share in Consumer Loans %                       1.70 1.91 1.92 1.93 2.01   ...
Market Share in Mortgage Loans %                       2.32 2.61 2.58 2.45 2.53   ...
Market Share in Total Assets %                       0.465 0.502 0.502 0.463 0.507   ...
Market Share in Customer Deposits %                       0.449 0.429 0.424 0.393 0.383   ...
Market Share in Retail Deposits %                       0.801 0.743 0.723 0.691 0.666   ...
Market Share in Corporate Deposits %                       0 0 0 0 0   ...
ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                     
ROE % ...                     14.3 14.0 9.57 9.10 5.18   ...
ROA % ...                     0.875 0.933 0.654 0.636 0.340   ...
Return on Loans % ...                     0.978 1.02 0.724 0.707 0.381   ...
operating profit (as % of rwa)                                    
Costs (As % Of Assets) % ...                     0.855 0.846 0.823 0.673 0.801   ...
Costs (As % Of Income) % ...                     40.5 39.2 45.8 44.5 60.3   ...
Costs (As % Of Loans) % ...                     0.955 0.926 0.910 0.747 0.897   ...
Costs (As % Of Loans & Deposits) % ...                     0.567 0.568 0.572 0.476 0.584   ...
Capital Adequacy Ratio % ...                     12.7 13.1 15.5 14.8 13.0   ...
Tier 1 Ratio % ...                     12.7 13.1 15.5 14.8 13.0   ...
Net Interest Margin % ...                     1.79 1.92 1.54 1.39 1.26   ...
Interest Spread % ...                     1.68 1.83 1.46 1.32 1.18   ...
Asset Yield % ...                     3.63 3.18 2.62 2.31 2.34   ...
revenues (as % of rwa)                                    
Cost Of Liabilities % ...                     1.95 1.35 1.16 0.996 1.15   ...
Interest Income (As % Of Revenues) % ...                     85.0 88.8 85.4 91.7 94.8   ...
Fee Income (As % Of Revenues) % ...                     10.6 9.62 8.62 8.50 6.47   ...
Other Income (As % Of Revenues) % ...                     4.36 1.57 5.94 -0.210 -1.29   ...
Staff Cost (As % Of Total Cost) % ...                     36.0 41.5 7.95 14.3 11.1   ...
Equity (As % Of Assets) %                       6.53 6.80 6.88 7.10 6.10   ...
Equity (As % Of Loans) %                       7.10 7.49 7.63 7.89 6.88   ...
Loans (As % Of Deposits) %                       150 167 170 180 193   ...
Loans (As % Assets) %                       92.0 90.9 90.1 90.0 88.7   ...
NPLs (As % Of Loans) % ... ... ...                 4.62 3.50 3.77 2.46 1.85   ...
Provisions (As % Of NPLs) % ... ... ...                 30.3 39.4 37.6 52.7 66.2   ...
Provisions (As % Of Loans) % ... ... ...                 1.42 1.40 1.44 1.31 1.24   ...
Cost of Provisions (As % Of Loans) % ...                     0.196 0.165 0.179 0.056 0.135   ...
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                     
Branches ...                     1.00 1.00 1.00 1.00 1.00   ...
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Employees ...                     35.0 33.0 40.0 43.0 44.0   ...
Employees Per Bank Branch ...                     35.0 33.0 40.0 43.0 44.0   ...
Cost Per Employee USD per month ...                     8,578 9,833 1,569 2,503 2,684   ...
Cost Per Employee (Local Currency) CZK per month ...                     183,333 234,705 39,583 58,729 58,712   ...
customer breakdown Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                     
Customers mil ... ... ... ... ... ... ... ... ... ...   0.017 0.020 0.020 0.020 0.022   ...
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ...   0.017 0.020 0.020 0.020 0.022   ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ...   1,266,000 1,282,000 1,352,000 1,393,000 1,451,000    
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ...   100 100 100 100 100   ...
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ...   31,959 28,963 25,953 23,522 21,376   ...
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ...   13,256 12,507 9,447 9,906 5,482   ...
Loan per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ...   1,395,470 1,282,000 1,352,000 1,458,000 1,519,460   ...
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ...   932,552 765,635 793,858 810,518 785,365   ...
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ...   1,495 1,213 1,029 1,002 977   ...
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ...   620 524 374 422 251   ...
Loan per Customer USD ... ... ... ... ... ... ... ... ... ...   60,900 51,644 52,732 68,480 67,634   ...
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ...   40,697 30,843 30,963 38,069 34,958   ...

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WHB's npls (as % of loans) fell 66.2% yoy to 1.08% in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's non-performing loans reached 1.08% of total loans at the end of 2020-09-30, down from 3.18% 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...

WHB's mortgage loans rose 9.03% yoy to CZK 39,062 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's mortgage loans reached CZK 39,062 mil in 2020-09-30, down 1.01% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,403 bil in 2020-09-30, up 2.12% when compared to the last year. Wustenrot Hypo...

WHB's customer loans rose 9.80% yoy to CZK 39,597 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's customer loans reached CZK 39,597 mil in 2020-09-30, down 0.922% compared to the previous year. Czech banking sector provided customer loans of CZK 3,619 bil in 2020-09-30, up 1.08% when compared to the last year. Wustenrot Hyp...

WHB's employees fell 35.3% yoy to 22.0 in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka employed 22.0 persons in 2020-09-30, down 26.7% 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 2020-09-30. Average cost reached USD ...

WHB's corporate loans rose 93.8% yoy to CZK 863 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's loans reached CZK 46,285 mil in the third quarter of 2020, down from CZK 48,762 mil when compared to the previous quarter and up from CZK 35,559 mil when compared to the same period of last year. Historically, the bank’s ...

WHB's costs (as % of assets) fell 89.9% yoy to 0.083% in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's cost to income ratio reached 20.0% in the third quarter of 2020, down from 82.9% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 185% of income in 4Q2009 and an all time low of 20....

WHB's capital adequacy ratio fell 0.502% yoy to 14.8% in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka's capital adequacy ratio reached 14.8% at the end of third quarter of 2020, up from 14.2% 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% in...

WHB's net profit fell 68.7% yoy to CZK 10.6 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka made a net profit of CZK 10.6 mil in the third quarter of 2020, down 68.7% when compared to the same period of last year. This implies a return on equity of 1.79%. Historically, the bank’s net profit reached an all time high of CZK 79.6 ...

WHB's net profit fell 68.7% yoy to CZK 10.6 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka made a net profit of CZK 10.6 mil under revenues of CZK 49.7 mil in the third quarter of 2020, down 68.7% and 58.3% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...

WHB's total revenues fell 58.3% yoy to CZK 49.7 mil in 3Q2020

By Helgi Analytics - February 9, 2021

Wustenrot Hypotecni banka generated total banking revenues of CZK 49.7 mil in 2020-09-30, down 41.5% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 41,746 mil in 2020-09-30, down 13.4% when compared ...

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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

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Finance

Wustenrot Hypotecni banka 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 8.63% 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 49.6% average in the last decade.

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