By Helgi Analytics - December 12, 2019
Wustenrot Stavebna Sporitelna's mortgage loans reached EUR 252 mil in 2017, up 33.7% compared to the previous year. Slovak bank...
By Helgi Analytics - December 12, 2019
Wustenrot Stavebna Sporitelna's customer loans reached EUR 300 mil in 2017, up 27.8% compared to the previous year. Slovak bank...
By Helgi Analytics - December 12, 2019
Wustenrot Stavebna Sporitelna's customer deposits reached EUR 376 mil in 2017, up 4.74% compared to the previous year. Slovak b...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | EUR mil | 9.76 | 9.25 | 9.10 |
| Net Fee Income | EUR mil | 2.36 | 2.54 | 2.93 |
| Other Income | EUR mil | 0 | -0.908 | -0.486 |
| Total Revenues | EUR mil | 12.1 | 10.9 | 11.5 |
| Staff Cost | EUR mil | 3.51 | 3.64 | 3.53 |
| Operating Profit | EUR mil | 4.85 | 3.41 | 4.36 |
| Provisions | EUR mil | 1.70 | 1.96 | 2.33 |
| Net Profit | EUR mil | 1.50 | 0.917 | 1.42 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | EUR mil | 0 | 2.02 | 0 |
| Customer Loans | EUR mil | 217 | 235 | 300 |
| Total Assets | EUR mil | 391 | 402 | 420 |
| Shareholders' Equity | EUR mil | 39.5 | 39.9 | 40.8 |
| Interbank Borrowing | EUR mil | 0 | 0 | 0 |
| Customer Deposits | EUR mil | 348 | 359 | 376 |
| Issued Debt Securities | EUR mil | 0 | 0 | 0 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 3.74 | 2.31 | 3.51 |
| ROA | % | 0.387 | 0.231 | 0.345 |
| Costs (As % Of Assets) | % | 1.88 | 1.89 | 1.75 |
| Costs (As % Of Income) | % | 60.0 | 68.7 | 62.3 |
| Capital Adequacy Ratio | % | 18.5 | 17.8 | 17.4 |
| Net Interest Margin | % | 2.52 | 2.33 | 2.22 |
| Loans (As % Of Deposits) | % | 62.5 | 65.4 | 79.8 |
| NPLs (As % Of Loans) | % | 6.24 | 6.25 | 4.85 |
| Provisions (As % Of NPLs) | % | 60.1 | 61.5 | 66.7 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 4.99 | -10.2 | 6.05 |
| Operating Cost Growth | % | -20.4 | 2.81 | -3.83 |
| Operating Profit Growth | % | 101 | -29.7 | 27.7 |
| Net Profit Growth | % | 30.7 | -38.7 | 54.5 |
| Customer Loan Growth | % | 9.11 | 8.03 | 27.8 |
| Total Asset Growth | % | 2.03 | 2.82 | 4.42 |
| Customer Deposit Growth | % | 2.62 | 3.15 | 4.74 |
| Shareholders' Equity Growth | % | -2.79 | 1.16 | 2.17 |
| Employees | 263 | 263 | 257 | |
Get all company financials in excel:
| summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||
| Net Interest Income | EUR mil | 9.36 | 8.75 | 8.28 | 9.02 | 9.76 | ||||||||||||
| Total Revenues | EUR mil | 12.6 | 11.4 | 11.0 | 11.5 | 12.1 | ||||||||||||
| Operating Profit | EUR mil | 3.86 | 2.66 | 1.92 | 2.42 | 4.85 | ||||||||||||
| Net Profit | EUR mil | 2.08 | 2.02 | 0.855 | 1.15 | 1.50 | ||||||||||||
| balance sheet | ||||||||||||||||||
| Interbank Loans | EUR mil | 53.8 | 27.1 | 10.0 | 0 | 0 | ||||||||||||
| Customer Loans | EUR mil | 174 | 174 | 183 | 199 | 217 | ||||||||||||
| Debt Securities | EUR mil | 110 | 151 | 163 | 165 | 156 | ||||||||||||
| Total Assets | EUR mil | 351 | 375 | 386 | 383 | 391 | ||||||||||||
| Shareholders' Equity | EUR mil | 40.2 | 42.7 | 40.6 | 40.6 | 39.5 | ||||||||||||
| Interbank Borrowing | EUR mil | 0 | 0 | 0 | 0.006 | 0 | ||||||||||||
| Customer Deposits | EUR mil | 308 | 329 | 343 | 339 | 348 | ||||||||||||
| Issued Debt Securities | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| ratios | ||||||||||||||||||
| ROE | % | 5.04 | 4.86 | 2.05 | 2.82 | 3.74 | ||||||||||||
| ROA | % | 0.622 | 0.556 | 0.225 | 0.298 | 0.387 | ||||||||||||
| Costs (As % Of Assets) | % | 2.62 | 2.40 | 2.38 | 2.37 | 1.88 | ||||||||||||
| Costs (As % Of Income) | % | 69.4 | 76.6 | 82.5 | 79.1 | 60.0 | ||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 18.9 | 17.1 | 16.7 | 18.1 | 18.5 | ||
| Net Interest Margin | % | 2.80 | 2.41 | 2.18 | 2.34 | 2.52 | ||||||||||||
| Interest Income (As % Of Revenues) | % | 74.1 | 76.9 | 75.5 | 78.1 | 80.5 | ||||||||||||
| Fee Income (As % Of Revenues) | % | 23.4 | 20.3 | 22.0 | 19.5 | 19.5 | ||||||||||||
| Staff Cost (As % Of Total Cost) | % | 32.7 | 36.0 | 38.4 | 40.1 | 48.2 | ||||||||||||
| Equity (As % Of Assets) | % | 11.4 | 11.4 | 10.5 | 10.6 | 10.1 | ||||||||||||
| Loans (As % Of Deposits) | % | 56.5 | 52.9 | 53.3 | 58.7 | 62.5 | ||||||||||||
| Loans (As % Assets) | % | 49.6 | 46.5 | 47.3 | 52.0 | 55.6 | ||||||||||||
| NPLs (As % Of Loans) | % | 5.44 | 5.55 | 5.87 | 6.08 | 6.24 | ||||||||||||
| Provisions (As % Of NPLs) | % | 62.2 | 65.3 | 64.1 | 56.3 | 60.1 |
| income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||
| Interest Income | EUR mil | 15.9 | 15.9 | 15.6 | 15.6 | 15.3 | ||||||||||||
| Interest Cost | EUR mil | 6.57 | 7.18 | 7.35 | 6.57 | 5.59 | ||||||||||||
| Net Interest Income | EUR mil | 9.36 | 8.75 | 8.28 | 9.02 | 9.76 | ||||||||||||
| Net Fee Income | EUR mil | 2.96 | 2.31 | 2.41 | 2.26 | 2.36 | ||||||||||||
| Other Income | EUR mil | 0.307 | 0.324 | 0.281 | 0.271 | 0 | ||||||||||||
| Total Revenues | EUR mil | 12.6 | 11.4 | 11.0 | 11.5 | 12.1 | ||||||||||||
| Staff Cost | EUR mil | 2.86 | 3.14 | 3.48 | 3.66 | 3.51 | ||||||||||||
| Depreciation | EUR mil | 0.651 | 0.577 | 0.504 | 0.577 | 0.664 | ||||||||||||
| Other Cost | EUR mil | 5.25 | 5.00 | 5.07 | 4.89 | 3.10 | ||||||||||||
| Operating Cost | EUR mil | 8.76 | 8.72 | 9.05 | 9.13 | 7.27 | ||||||||||||
| Operating Profit | EUR mil | 3.86 | 2.66 | 1.92 | 2.42 | 4.85 | ||||||||||||
| Provisions | EUR mil | 1.20 | 0.489 | 0.610 | 0.767 | 1.70 | ||||||||||||
| Extra and Other Cost | EUR mil | 0 | 0 | -0.018 | 0 | 1.04 | ||||||||||||
| Pre-Tax Profit | EUR mil | 2.66 | 2.18 | 1.33 | 1.65 | 2.11 | ||||||||||||
| Tax | EUR mil | 0.580 | 0.159 | 0.475 | 0.505 | 0.613 | ||||||||||||
| Minorities | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Net Profit | EUR mil | 2.08 | 2.02 | 0.855 | 1.15 | 1.50 | ||||||||||||
| growth rates | ||||||||||||||||||
| Net Interest Income Growth | % | ... | 4.86 | -6.44 | -5.40 | 8.94 | 8.18 | |||||||||||
| Net Fee Income Growth | % | ... | -0.971 | -21.9 | 4.46 | -6.55 | 4.83 | |||||||||||
| Total Revenue Growth | % | ... | 3.05 | -9.78 | -3.63 | 5.21 | 4.99 | |||||||||||
| Operating Cost Growth | % | ... | 6.35 | -0.456 | 3.77 | 0.851 | -20.4 | |||||||||||
| Operating Profit Growth | % | ... | -3.72 | -30.9 | -27.9 | 25.8 | 101 | |||||||||||
| Pre-Tax Profit Growth | % | ... | -26.2 | -18.2 | -38.9 | 24.1 | 27.9 | |||||||||||
| Net Profit Growth | % | ... | -26.4 | -3.03 | -57.6 | 33.9 | 30.7 | |||||||||||
| market share | ||||||||||||||||||
| Market Share in Revenues | % | 0.516 | 0.543 | 0.473 | 0.469 | 0.532 | ||||||||||||
| Market Share in Net Profit | % | 0.308 | 0.420 | 0.156 | 0.204 | 0.247 | ||||||||||||
| Market Share in Employees | % | 0.862 | 1.20 | 1.30 | 1.40 | 1.39 |
| balance sheet | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||||||||
| Cash | EUR mil | 2.32 | 12.0 | 18.6 | 7.96 | 6.33 | ||||||||||||
| Interbank Loans | EUR mil | 53.8 | 27.1 | 10.0 | 0 | 0 | ||||||||||||
| Customer Loans | EUR mil | 174 | 174 | 183 | 199 | 217 | ||||||||||||
| Retail Loans | EUR mil | 141 | 136 | 144 | 161 | 172 | ||||||||||||
| Mortgage Loans | EUR mil | 141 | 136 | 144 | 161 | 172 | ||||||||||||
| Consumer Loans | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Corporate Loans | EUR mil | 33.3 | 38.4 | 39.0 | 43.2 | 44.9 | ||||||||||||
| Debt Securities | EUR mil | 110 | 151 | 163 | 165 | 156 | ||||||||||||
| Fixed Assets | EUR mil | 9.12 | 9.19 | 9.35 | 8.11 | 6.94 | ||||||||||||
| Total Assets | EUR mil | 351 | 375 | 386 | 383 | 391 | ||||||||||||
| Shareholders' Equity | EUR mil | 40.2 | 42.7 | 40.6 | 40.6 | 39.5 | ||||||||||||
| Of Which Minority Interest | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Liabilities | EUR mil | 311 | 332 | 346 | 343 | 351 | ||||||||||||
| Interbank Borrowing | EUR mil | 0 | 0 | 0 | 0.006 | 0 | ||||||||||||
| Customer Deposits | EUR mil | 308 | 329 | 343 | 339 | 348 | ||||||||||||
| Retail Deposits | EUR mil | 295 | 317 | 330 | 325 | 335 | ||||||||||||
| Corporate Deposits | EUR mil | 9.20 | 7.88 | 8.58 | 10.2 | 8.89 | ||||||||||||
| Issued Debt Securities | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Other Liabilities | EUR mil | 2.96 | 3.02 | 3.04 | 3.44 | 3.48 | ||||||||||||
| asset quality | ||||||||||||||||||
| Non-Performing Loans | EUR mil | 9.81 | 10.0 | 11.1 | 12.5 | 14.1 | ||||||||||||
| Gross Loans | EUR mil | 180 | 181 | 190 | 206 | 226 | ||||||||||||
| Total Provisions | EUR mil | 6.10 | 6.55 | 7.14 | 7.07 | 8.46 | ||||||||||||
| growth rates | ||||||||||||||||||
| Customer Loan Growth | % | ... | -1.20 | 0 | 4.98 | 8.98 | 9.11 | |||||||||||
| Retail Loan Growth | % | ... | -6.78 | -3.65 | 5.98 | 11.9 | 7.15 | |||||||||||
| Mortgage Loan Growth | % | ... | -6.78 | -3.65 | 5.98 | 11.9 | 7.15 | |||||||||||
| Corporate Loan Growth | % | ... | 32.3 | 15.4 | 1.47 | 10.7 | 3.93 | |||||||||||
| Total Asset Growth | % | ... | 10.7 | 6.66 | 3.11 | -0.798 | 2.03 | |||||||||||
| Shareholders' Equity Growth | % | ... | -4.91 | 6.21 | -4.94 | 0.022 | -2.79 | |||||||||||
| Customer Deposit Growth | % | ... | 13.2 | 6.77 | 4.17 | -1.02 | 2.62 | |||||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | 11.9 | 7.34 | 4.17 | -1.48 | 3.06 | ||||||||
| Corporate Deposit Growth | % | ... | ... | ... | ... | 57.1 | -14.4 | 8.91 | 18.8 | -12.8 | ||||||||
| market share | ||||||||||||||||||
| Market Share in Customer Loans | % | 0.478 | 0.469 | 0.466 | 0.477 | 0.478 | ||||||||||||
| Market Share in Corporate Loans | % | 0.214 | 0.257 | 0.267 | 0.301 | 0.286 | ||||||||||||
| Market Share in Retail Loans | % | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Market Share in Consumer Loans | % | 0.819 | 0.723 | 0.700 | 0.698 | 0.666 | ||||||||||||
| Market Share in Mortgage Loans | % | 1.14 | 0.991 | 0.940 | 0.927 | 0.875 | ||||||||||||
| Market Share in Total Assets | % | 0.595 | 0.627 | 0.633 | 0.596 | 0.566 | ||||||||||||
| Market Share in Customer Deposits | % | 0.768 | 0.776 | 0.773 | 0.736 | 0.690 | ||||||||||||
| Market Share in Retail Deposits | % | 1.17 | 1.19 | 1.21 | 1.14 | 1.08 | ||||||||||||
| Market Share in Corporate Deposits | % | ... | ... | 0.099 | 0.082 | 0.079 | 0.095 | 0.075 |
| ratios | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||||||||
| ROE | % | 5.04 | 4.86 | 2.05 | 2.82 | 3.74 | ||||||||||||
| ROA | % | 0.622 | 0.556 | 0.225 | 0.298 | 0.387 | ||||||||||||
| Costs (As % Of Assets) | % | 2.62 | 2.40 | 2.38 | 2.37 | 1.88 | ||||||||||||
| Costs (As % Of Income) | % | 69.4 | 76.6 | 82.5 | 79.1 | 60.0 | ||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 18.9 | 17.1 | 16.7 | 18.1 | 18.5 | ||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 18.4 | 16.1 | 16.1 | 18.1 | 18.5 | ||
| Net Interest Margin | % | 2.80 | 2.41 | 2.18 | 2.34 | 2.52 | ||||||||||||
| Interest Spread | % | ... | 2.52 | 2.16 | 1.94 | 2.14 | 2.35 | |||||||||||
| Asset Yield | % | 4.76 | 4.39 | 4.11 | 4.05 | 3.96 | ||||||||||||
| Cost Of Liabilities | % | ... | 2.24 | 2.23 | 2.17 | 1.91 | 1.61 | |||||||||||
| Interest Income (As % Of Revenues) | % | 74.1 | 76.9 | 75.5 | 78.1 | 80.5 | ||||||||||||
| Fee Income (As % Of Revenues) | % | 23.4 | 20.3 | 22.0 | 19.5 | 19.5 | ||||||||||||
| Other Income (As % Of Revenues) | % | 2.43 | 2.85 | 2.56 | 2.35 | 0 | ||||||||||||
| Cost Per Employee | USD per month | 2,086 | 1,508 | 1,596 | 1,507 | 1,273 | ||||||||||||
| Cost Per Employee (Local Currency) | EUR per month | 1,501 | 1,175 | 1,202 | 1,169 | 1,111 | ||||||||||||
| Staff Cost (As % Of Total Cost) | % | 32.7 | 36.0 | 38.4 | 40.1 | 48.2 | ||||||||||||
| Equity (As % Of Assets) | % | 11.4 | 11.4 | 10.5 | 10.6 | 10.1 | ||||||||||||
| Loans (As % Of Deposits) | % | 56.5 | 52.9 | 53.3 | 58.7 | 62.5 | ||||||||||||
| Loans (As % Assets) | % | 49.6 | 46.5 | 47.3 | 52.0 | 55.6 | ||||||||||||
| NPLs (As % Of Loans) | % | 5.44 | 5.55 | 5.87 | 6.08 | 6.24 | ||||||||||||
| Provisions (As % Of NPLs) | % | 62.2 | 65.3 | 64.1 | 56.3 | 60.1 | ||||||||||||
| Provisions (As % Of Loans) | % | 3.50 | 3.76 | 3.91 | 3.55 | 3.89 | ||||||||||||
| Cost of Provisions (As % Of Loans) | % | 0.685 | 0.281 | 0.342 | 0.402 | 0.818 |
| other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||||||||
| Employees | 159 | 223 | 241 | 261 | 263 |
Get all company financials in excel:
By Helgi Analytics - May 27, 2018
Wustenrot Stavebna Sporitelna's net interest margin amounted to 2.22% in 2017, down from 2.33% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.97% in 2002 and an all time low of 2.18% in 2013. Th...
By Helgi Analytics - July 16, 2018
Wustenrot Stavebna Sporitelna's retail deposits reached EUR 363 mil in 2017, up 4.77% compared to the previous year. Slovak banking sector accepted retail deposits of EUR 35.1 bil in 2017, up 4.67% when compared to the last year. Wustenrot Stavebna Sporit...
By Helgi Analytics - December 12, 2019
Wustenrot Stavebna Sporitelna's corporate loans reached EUR 47.7 mil in 2017, up 3.35% compared to the previous year. Slovak banking sector provided corporate loans of EUR 17.5 bil in 2017, up 6.40% when compared to the last year. Wustenrot Stavebna Spori...
By Helgi Analytics - July 16, 2018
Wustenrot Stavebna Sporitelna's corporate deposits reached EUR 9.30 mil in 2017, up 5.17% compared to the previous year. Slovak banking sector accepted corporate deposits of EUR 12.3 bil in 2017, up 9.35% when compared to the last year. Wustenrot Stavebna...
By Helgi Analytics - May 27, 2018
Wustenrot Stavebna Sporitelna made a net profit of EUR 1.42 mil under revenues of EUR 11.5 mil in 2017, up 54.5% and 6.05% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 11.8 mil in 2002 and an all time low...
By Helgi Analytics - May 27, 2018
Wustenrot Stavebna Sporitelna's non-performing loans reached 4.85% of total loans at the end of 2017, down from 6.25% compared to the previous year. Historically, the NPL ratio hit an all time high of 6.25% in 2016 and an all time low of 1.05% in 2002. Prov...
By Helgi Analytics - July 16, 2018
Wustenrot Stavebna Sporitelna generated total banking revenues of EUR 11.5 mil in 2017, up 6.05% 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 las...
By Helgi Analytics - May 27, 2018
Wustenrot Stavebna Sporitelna's capital adequacy ratio reached 17.4% at the end of 2017, down from 17.8% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 18.9% in 2011 and an all time low of 16.7% in 2013. The Tier...
By Helgi Analytics - December 12, 2019
Wustenrot Stavebna Sporitelna's consumer loans reached EUR 0 mil in 2017, down 0% 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. Wustenrot Stavebna Sporitelna ...
By Helgi Analytics - May 27, 2018
Wustenrot Stavebna Sporitelna's customer loan growth reached 27.8% in 2017, up from 8.03% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 27.8% in 2017 and an all time low of -7.50% in 2005. In the last dec...
Wüstenrot Stavebná Sporitel'ňa (WSS) is a Slovakia-based building savings bank. The Bank provides various financial products and services to retail and legal clients. It primarily offers construction loans, interim loans, and loans for housing reconstruction. Wustenrot Stavebna Sporitelna originally operated under the name of VUB Wustenrot. In December 2003, VUB sold its fifty percent stake in the home savings bank to the Wustenrot Group. Austrian Wustenrot Verwaltungs-und Dienstleistungen GmbH thus increased its control in the bank from 30 to 60%, and the German Wustenrot & Wurttembergische AG share rose from 20 to 40%
Wustenrot Stavebna Sporitelna has been growing its revenues and asset by -0.439% and 4.50% a year on average in the last 10 years. Its loans and deposits have grown by 5.53% and 5.83% a year during that time and loans to deposits ratio reached 79.8% at the end of 2017. The company achieved an average return on equity of 4.26% in the last decade with net profit growing -6.60% a year on average. In terms of operating efficiency, its cost to income ratio reached 62.3% in 2017, compared to 70.6% average in the last decade.
Equity represented 9.72% of total assets or 13.6% of loans at the end of 2017. Wustenrot Stavebna Sporitelna's non-performing loans were 4.85% of total loans while provisions covered some 66.7% of NPLs at the end of 2017.
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