Wustenrot Stambena Stedionica

Wustenrot Stambena Stedionica's net interest margin rose 2.51% to 2.18% in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica's net interest margin amounted to 2.18% in 2017, up from 2.13% compared to the previous year. ...

Wustenrot Stambena Stedionica's npls (as % of loans) rose 6.53% to 1.15% in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica's non-performing loans reached 1.15% of total loans at the end of 2017, up from 1.08% compared to t...

Wustenrot Stambena Stedionica's net profit fell 35.4% to HRK 1.74 mil in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica made a net profit of HRK 1.74 mil under revenues of HRK 57.1 mil in 2017, up -35.4% and -3.97% respecti...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 41.5 41.0 41.5
Fee Income (As % Of Revenues) % 23.4 24.5 26.0
Other Income HRK mil 4.83 3.92 0.716
Total Revenues HRK mil 60.5 59.5 57.1
Staff Cost HRK mil 26.3 26.3 26.3
Operating Profit HRK mil 7.16 5.84 3.63
Provisions HRK mil 0.099 1.30 1.26
Net Profit HRK mil 5.44 2.69 1.74
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 8.93 3.97 3.97
Customer Loans HRK mil 1,269 1,254 1,295
Debt Securities HRK mil 627 612 556
Total Assets HRK mil 1,942 1,910 1,897
Shareholders' Equity HRK mil 106 109 110
Interbank Borrowing HRK mil 95.4 94.5 93.9
Customer Deposits HRK mil 1,695 1,659 1,648
Issued Debt Securities HRK mil 31.7 31.4 31.2
Ratios 2015 2016 2017
ROE % 5.25 2.49 1.58
ROA % 0.280 0.139 0.091
Costs (As % Of Assets) % 2.74 2.79 2.81
Costs (As % Of Income) % 88.2 90.2 93.7
Capital Adequacy Ratio % 16.1 16.7 16.6
Net Interest Margin % 2.14 2.13 2.18
Loans (As % Of Deposits) % 74.9 75.6 78.6
NPLs (As % Of Loans) % 1.21 1.08 1.15
Provisions (As % Of NPLs) % 83.9 104 100
Growth Rates 2015 2016 2017
Total Revenue Growth % -11.3 -1.63 -3.97
Operating Cost Growth % 1.49 0.617 -0.274
Operating Profit Growth % -54.3 -18.4 -37.9
Net Profit Growth % -54.9 -50.6 -35.4
Customer Loan Growth % -2.07 -1.24 3.33
Total Asset Growth % -0.119 -1.69 -0.652
Customer Deposit Growth % -0.459 -2.15 -0.654
Shareholders' Equity Growth % 5.56 2.64 1.22
Employees 169 170 169

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                    
Net Interest Income HRK mil       42.9 47.6 43.4 44.4 41.5    
Total Revenues HRK mil       51.5 83.1 54.2 68.2 60.5    
Operating Profit HRK mil       -3.09 28.2 -0.107 15.7 7.16    
Net Profit HRK mil       -4.01 22.0 0.767 12.1 5.44    
balance sheet                    
Interbank Loans HRK mil       32.4 44.5 11.8 0 8.93    
Customer Loans HRK mil       1,240 1,235 1,317 1,296 1,269    
Debt Securities HRK mil       312 383 366 621 627    
Total Assets HRK mil       1,603 1,684 1,726 1,945 1,942    
Shareholders' Equity HRK mil       64.7 87.8 88.3 101 106    
Interbank Borrowing HRK mil       94.1 94.3 98.5 95.8 95.4    
Customer Deposits HRK mil       1,398 1,455 1,492 1,703 1,695    
Issued Debt Securities HRK mil       36.3 36.4 36.9 31.8 31.7    
ratios                    
ROE %       -6.01 28.9 0.871 12.8 5.25    
ROA %       -0.267 1.34 0.045 0.657 0.280    
Costs (As % Of Assets) %       3.63 3.34 3.19 2.86 2.74    
Costs (As % Of Income) %       106 66.0 100 77.0 88.2    
Capital Adequacy Ratio %       13.8 16.2 14.8 14.2 16.1    
Net Interest Margin %       2.86 2.90 2.54 2.42 2.14    
Interest Income (As % Of Revenues) %       83.4 57.3 80.0 65.1 68.6    
Fee Income (As % Of Revenues) %       22.4 13.8 23.5 16.2 23.4    
Staff Cost (As % Of Total Cost) %       44.6 42.0 45.6 47.2 49.3    
Equity (As % Of Assets) %       4.04 5.21 5.12 5.18 5.47    
Loans (As % Of Deposits) %       88.7 84.9 88.3 76.1 74.9    
Loans (As % Assets) %       77.4 73.3 76.3 66.7 65.4    
NPLs (As % Of Loans) % ... ...   0.638 0.903 1.03 1.20 1.21    
Provisions (As % Of NPLs) % ... ...   150 127 94.9 84.8 83.9    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                    
Interest Income HRK mil       78.2 86.2 83.9 92.4 93.8    
Interest Cost HRK mil       35.2 38.6 40.6 48.0 52.3    
Net Interest Income HRK mil       42.9 47.6 43.4 44.4 41.5    
Net Fee Income HRK mil       11.5 11.5 12.7 11.0 14.1    
Other Income HRK mil       -3.02 24.0 -1.86 12.8 4.83    
Total Revenues HRK mil       51.5 83.1 54.2 68.2 60.5    
Staff Cost HRK mil       24.4 23.0 24.8 24.8 26.3    
Depreciation HRK mil       4.21 4.49 4.62 5.16 5.27    
Other Cost HRK mil       26.0 27.4 24.9 22.6 21.8    
Operating Cost HRK mil       54.5 54.9 54.3 52.5 53.3    
Operating Profit HRK mil       -3.09 28.2 -0.107 15.7 7.16    
Provisions HRK mil       1.52 3.36 -1.41 1.90 0.099    
Extra and Other Cost HRK mil       < 0.001 0 < -0.001 0 0    
Pre-Tax Profit HRK mil       -4.61 24.9 1.31 13.8 7.06    
Tax HRK mil       -0.600 2.83 0.538 1.72 1.62    
Minorities HRK mil       0 0 0 0 0    
Net Profit HRK mil       -4.01 22.0 0.767 12.1 5.44    
growth rates                    
Net Interest Income Growth % ...     6.08 10.8 -8.87 2.41 -6.53    
Net Fee Income Growth % ...     -6.66 -0.373 10.6 -13.3 28.3    
Total Revenue Growth % ...     -9.59 61.5 -34.8 25.8 -11.3    
Operating Cost Growth % ...     5.64 0.618 -1.02 -3.26 1.49    
Operating Profit Growth % ...     -158 -1,014 -100 -14,751 -54.3    
Pre-Tax Profit Growth % ...     -206 -639 -94.8 956 -48.8    
Net Profit Growth % ...     -208 -650 -96.5 1,472 -54.9    
market share                    
Market Share in Revenues %       0.320 0.560 0.377 0.471 0.416    
Market Share in Net Profit %       ... 0.809 0.162 0.875 ...    
Market Share in Employees %       0.869 0.809 0.839 0.826 0.808    
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                    
Cash HRK mil       0.023 4.44 11.2 2.85 9.37    
Interbank Loans HRK mil       32.4 44.5 11.8 0 8.93    
Customer Loans HRK mil       1,240 1,235 1,317 1,296 1,269    
Debt Securities HRK mil       312 383 366 621 627    
Fixed Assets HRK mil       7.36 7.19 6.37 11.2 11.2    
Total Assets HRK mil       1,603 1,684 1,726 1,945 1,942    
Shareholders' Equity HRK mil       64.7 87.8 88.3 101 106    
Of Which Minority Interest HRK mil       0 0 0 0 0    
Liabilities HRK mil       1,538 1,596 1,637 1,844 1,836    
Interbank Borrowing HRK mil       94.1 94.3 98.5 95.8 95.4    
Customer Deposits HRK mil       1,398 1,455 1,492 1,703 1,695    
Retail Deposits HRK mil       1,398 1,455 1,492 1,703 1,695    
Corporate Deposits HRK mil       0 0 0 0 0    
Issued Debt Securities HRK mil       36.3 36.4 36.9 31.8 31.7    
Other Liabilities HRK mil       9.06 10.4 10.3 13.2 13.5    
asset quality                    
Non-Performing Loans HRK mil ... ...   7.99 11.3 13.6 15.8 15.6    
Gross Loans HRK mil       1,252 1,249 1,330 1,310 1,282    
Total Provisions HRK mil       12.0 14.4 13.0 13.4 13.1    
growth rates                    
Customer Loan Growth % ...     5.33 -0.458 6.68 -1.59 -2.07    
Total Asset Growth % ...     14.2 5.08 2.47 12.7 -0.119    
Shareholders' Equity Growth % ...     -5.92 35.7 0.527 14.1 5.56    
Customer Deposit Growth % ...     9.83 4.05 2.52 14.2 -0.459    
Retail Deposit Growth % ...     9.83 4.05 2.52 14.2 -0.459    
market share                    
Market Share in Customer Loans %       0.492 0.522 0.563 0.565 0.571    
Market Share in Total Assets %       0.385 0.410 0.416 0.464 0.466    
Market Share in Customer Deposits %       0.634 0.641 0.631 0.697 0.660    
Market Share in Retail Deposits %       0.820 0.818 0.832 0.931 0.903    
Market Share in Corporate Deposits %       0 0 0 0 0    
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                    
ROE %       -6.01 28.9 0.871 12.8 5.25    
ROA %       -0.267 1.34 0.045 0.657 0.280    
Costs (As % Of Assets) %       3.63 3.34 3.19 2.86 2.74    
Costs (As % Of Income) %       106 66.0 100 77.0 88.2    
Capital Adequacy Ratio %       13.8 16.2 14.8 14.2 16.1    
Net Interest Margin %       2.86 2.90 2.54 2.42 2.14    
Interest Spread % ...     2.75 2.78 2.41 2.28 1.98    
Asset Yield %       5.20 5.25 4.92 5.03 4.83    
Cost Of Liabilities % ...     2.45 2.47 2.51 2.76 2.84    
Interest Income (As % Of Revenues) %       83.4 57.3 80.0 65.1 68.6    
Fee Income (As % Of Revenues) %       22.4 13.8 23.5 16.2 23.4    
Other Income (As % Of Revenues) %       -5.87 28.9 -3.44 18.8 7.98    
Cost Per Employee USD per month       1,997 1,875 1,987 1,993 1,944    
Cost Per Employee (Local Currency) HRK per month       10,680 10,971 11,344 11,819 12,951    
Staff Cost (As % Of Total Cost) %       44.6 42.0 45.6 47.2 49.3    
Equity (As % Of Assets) %       4.04 5.21 5.12 5.18 5.47    
Loans (As % Of Deposits) %       88.7 84.9 88.3 76.1 74.9    
Loans (As % Assets) %       77.4 73.3 76.3 66.7 65.4    
NPLs (As % Of Loans) % ... ...   0.638 0.903 1.03 1.20 1.21    
Provisions (As % Of NPLs) % ... ...   150 127 94.9 84.8 83.9    
Provisions (As % Of Loans) %       0.964 1.16 0.983 1.03 1.03    
Cost of Provisions (As % Of Loans) %       0.126 0.272 -0.111 0.145 0.008    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                    
Employees       190 175 182 175 169    

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Wustenrot Stambena Stedionica's total revenues fell 3.97% to HRK 57.1 mil in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica generated total banking revenues of HRK 57.1 mil in 2017, down 3.97% compared to the previous year. Croatian banking sector banking sector generated total revenues of HRK 16,001 mil in 2017, down 1.51% when compared to th...

Wustenrot Stambena Stedionica's customer deposits fell 0.654% to HRK 1,648 mil in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica's customer deposits reached HRK 1,648 mil in 2017, down 0.654% compared to the previous year. Croatian banking sector accepted customer deposits of HRK 273 bil in 2017, up 2.57% when compared to the last year. Wustenrot Stamb...

Wustenrot Stambena Stedionica's customer loans rose 3.33% to HRK 1,295 mil in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica's customer loans reached HRK 1,295 mil in 2017, up 3.33% compared to the previous year. Croatian banking sector provided customer loans of HRK 213 bil in 2017, down 0.828% when compared to the last year. Wustenrot Stambena St...

Wustenrot Stambena Stedionica's retail deposits fell 0.654% to HRK 1,648 mil in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica's retail deposits reached HRK 1,648 mil in 2017, down 0.654% compared to the previous year. Croatian banking sector accepted retail deposits of HRK 190 bil in 2017, up 0.432% when compared to the last year. Wustenrot Stambena...

Wustenrot Stambena Stedionica's corporate deposits remain unchanged at HRK 0 mil in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica's corporate deposits reached HRK 0 mil in 2017, down 0% compared to the previous year. Croatian banking sector accepted corporate deposits of HRK 63.1 bil in 2017, up 8.35% when compared to the last year. Wustenrot Stambena S...

Wustenrot Stambena Stedionica's net interest income rose 1.30% to HRK 41.5 mil in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica generated total banking revenues of HRK 57.1 mil in 2017, down 3.97% 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 HRK 83.1 mi...

Wustenrot Stambena Stedionica's customer loan growth rose 368% to 3.33% in 2017

By Helgi Analytics - August 10, 2018

Wustenrot Stambena Stedionica's customer loan growth reached 3.33% in 2017, up from -1.24% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 20.1% in 2009 and an all time low of -2.07% in 2015. In the last de...

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Finance

Wustenrot Stambena Stedionica has been growing its revenues and asset by -7.22% and 2.41% a year on average in the last 5 years. Its loans and deposits have grown by 0.963% and 2.52% a year during that time and loans to deposits ratio reached 78.6% at the end of 2017. The company achieved an average return on equity of 4.59% in the last five years with net profit growing -39.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 93.7% in 2017, compared to 89.8% average in the last five years.

Equity represented 5.82% of total assets or 8.53% of loans at the end of 2017. Wustenrot Stambena Stedionica's non-performing loans were 1.15% of total loans while provisions covered some 100% of NPLs at the end of 2017.