Wustenrot Stavebna Sporitelna

WSS's mortgage loans rose 33.7% to EUR 252 mil in 2017

By Helgi Analytics - November 05, 2019

Wustenrot Stavebna Sporitelna's mortgage loans reached EUR 252 mil in 2017, up 33.7% compared to the previous year. Slovak bank...

WSS's customer loans rose 27.8% to EUR 300 mil in 2017

By Helgi Analytics - November 05, 2019

Wustenrot Stavebna Sporitelna's customer loans reached EUR 300 mil in 2017, up 27.8% compared to the previous year. Slovak bank...

WSS's customer deposits rose 4.74% to EUR 376 mil in 2017

By Helgi Analytics - November 05, 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
Fee Income (As % Of Revenues) % 19.5 23.4 25.3
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
Debt Securities EUR mil 156 151 103
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

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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    

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WSS's net interest margin fell 5.02% to 2.22% in 2017

By Helgi Analytics - November 05, 2019

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...

WSS's retail deposits rose 4.77% to EUR 363 mil in 2017

By Helgi Analytics - November 05, 2019

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...

WSS's corporate loans rose 3.35% to EUR 47.7 mil in 2017

By Helgi Analytics - November 05, 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...

WSS's corporate deposits rose 5.17% to EUR 9.30 mil in 2017

By Helgi Analytics - November 05, 2019

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...

WSS's net profit rose 54.5% to EUR 1.42 mil in 2017

By Helgi Analytics - November 05, 2019

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...

WSS's npls (as % of loans) fell 22.4% to 4.85% in 2017

By Helgi Analytics - November 05, 2019

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...

WSS's total revenues rose 6.05% to EUR 11.5 mil in 2017

By Helgi Analytics - November 05, 2019

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...

WSS's capital adequacy ratio fell 2.30% to 17.4% in 2017

By Helgi Analytics - November 05, 2019

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...

WSS's consumer loans remain unchanged at EUR 0 mil in 2017

By Helgi Analytics - November 05, 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 ...

WSS's customer loan growth rose 246% to 27.8% in 2017

By Helgi Analytics - November 05, 2019

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...

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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%

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Finance

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.