Zagrebacka Banka

Zagrebacka's total revenues fell 2.45% to HRK 5,451 mil in 2017

By Helgi Analytics - July 16, 2018

Zagrebacka Banka generated total banking revenues of HRK 5,451 mil in 2017, down 2.45% compared to the previous year. Croa...

Zagrebacka's employees fell 1.38% to 5,424 in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka employed 5,424 persons in 2017, down 1.38% when compared to the previous year. Historically, the bank's workfor...

Zagrebacka's customer deposits rose 3.28% to HRK 95,249 mil in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka's customer deposits reached HRK 95,249 mil in 2017, up 3.28% compared to the previous year. Croatian banking s...

Profit Statement 2015 2016 2017
Net Interest Income HRK mil 3,331 3,479 3,571
Fee Income (As % Of Revenues) % 24.1 22.7 24.6
Other Income HRK mil 510 840 539
Total Revenues HRK mil 5,060 5,588 5,451
Staff Cost HRK mil 1,152 1,107 1,127
Operating Profit HRK mil 2,489 3,054 2,849
Provisions HRK mil 2,722 915 1,505
Net Profit HRK mil -150 1,686 1,042
Balance Sheet 2015 2016 2017
Interbank Loans HRK mil 10,984 16,116 13,577
Customer Loans HRK mil 84,340 80,746 77,217
Debt Securities HRK mil 12,700 12,222 12,174
Total Assets HRK mil 128,004 128,328 126,893
Shareholders' Equity HRK mil 17,036 18,694 18,111
Interbank Borrowing HRK mil 9,095 12,865 8,822
Customer Deposits HRK mil 86,544 92,228 95,249
Issued Debt Securities HRK mil 1,956 2,473 3,898
Ratios 2015 2016 2017
ROE % -0.836 9.44 5.66
ROA % -0.121 1.32 0.817
Costs (As % Of Assets) % 2.07 1.98 2.04
Costs (As % Of Income) % 50.8 45.3 47.7
Capital Adequacy Ratio % 24.7 26.2 27.8
Net Interest Margin % 2.69 2.71 2.80
Loans (As % Of Deposits) % 97.5 87.6 81.1
NPLs (As % Of Loans) % 16.2 14.9 11.4
Provisions (As % Of NPLs) % 62.8 73.3 73.4
Growth Rates 2015 2016 2017
Total Revenue Growth % -1.09 10.4 -2.45
Operating Cost Growth % 2.23 -1.44 2.68
Operating Profit Growth % -4.31 22.7 -6.71
Net Profit Growth % -114 -1,224 -38.2
Customer Loan Growth % 4.01 -4.26 -4.37
Total Asset Growth % 6.57 0.253 -1.12
Customer Deposit Growth % 13.9 6.57 3.28
Shareholders' Equity Growth % -9.60 9.73 -3.12
Employees 5,653 5,500 5,424

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Net Interest Income HRK mil                       3,513 3,166 3,040 3,121 3,331    
Total Revenues HRK mil                       5,255 5,082 4,947 5,116 5,060    
Operating Profit HRK mil                       2,764 2,707 2,564 2,601 2,489    
Net Profit HRK mil                       1,416 1,153 692 1,051 -150    
balance sheet                                    
Interbank Loans HRK mil                       11,844 9,841 10,632 10,970 10,984    
Customer Loans HRK mil                       79,514 78,729 81,065 81,087 84,340    
Debt Securities HRK mil                       7,745 10,709 12,062 12,810 12,700    
Total Assets HRK mil                       119,691 120,201 123,724 120,115 128,004    
Shareholders' Equity HRK mil                       17,468 18,103 18,179 18,845 17,036    
Interbank Borrowing HRK mil                       11,645 13,649 13,969 10,570 9,095    
Customer Deposits HRK mil                       86,885 86,112 88,678 75,972 86,544    
Issued Debt Securities HRK mil                       75.3 76.0 76.9 871 1,956    
ratios                                    
ROE %                       8.46 6.48 3.81 5.68 -0.836    
ROA %                       1.22 0.961 0.567 0.862 -0.121    
Costs (As % Of Assets) %                       2.15 1.98 1.95 2.06 2.07    
Costs (As % Of Income) %                       47.4 46.7 48.2 49.2 50.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...   ... 21.7 23.6 23.8 25.6 24.7    
Net Interest Margin %                       3.03 2.64 2.49 2.56 2.69    
Interest Income (As % Of Revenues) %                       66.9 62.3 61.5 61.0 65.8    
Fee Income (As % Of Revenues) %                       20.8 21.4 22.4 22.9 24.1    
Staff Cost (As % Of Total Cost) %                       49.6 46.8 48.6 48.0 44.8    
Equity (As % Of Assets) %                       14.6 15.1 14.7 15.7 13.3    
Loans (As % Of Deposits) %                       91.5 91.4 91.4 107 97.5    
Loans (As % Assets) %                       66.4 65.5 65.5 67.5 65.9    
NPLs (As % Of Loans) % ... ... ... ...               9.70 13.4 16.0 17.2 16.2    
Provisions (As % Of NPLs) % ... ... ... ...               50.4 54.3 54.0 57.4 62.8    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Interest Income HRK mil                       6,218 6,464 6,462 6,572 6,662    
Interest Cost HRK mil                       2,706 3,298 3,422 3,451 3,331    
Net Interest Income HRK mil                       3,513 3,166 3,040 3,121 3,331    
Net Fee Income HRK mil                       1,096 1,088 1,110 1,173 1,219    
Other Income HRK mil                       646 828 797 822 510    
Total Revenues HRK mil                       5,255 5,082 4,947 5,116 5,060    
Staff Cost HRK mil                       1,235 1,112 1,158 1,208 1,152    
Depreciation HRK mil                       301 291 280 238 284    
Other Cost HRK mil                       955 972 945 1,069 1,135    
Operating Cost HRK mil                       2,490 2,375 2,383 2,515 2,571    
Operating Profit HRK mil                       2,764 2,707 2,564 2,601 2,489    
Provisions HRK mil                       917 1,183 1,643 1,110 2,722    
Extra and Other Cost HRK mil                       0 0 0 0 0    
Pre-Tax Profit HRK mil                       1,847 1,524 921 1,491 -233    
Tax HRK mil                       355 264 150 351 -85.0    
Minorities HRK mil                       76.1 107 79.2 89.0 2.00    
Net Profit HRK mil                       1,416 1,153 692 1,051 -150    
growth rates                                    
Net Interest Income Growth % ...                     8.75 -9.87 -3.99 2.67 6.73    
Net Fee Income Growth % ...                     -6.26 -0.711 2.00 5.72 3.92    
Total Revenue Growth % ...                     3.89 -3.29 -2.66 3.42 -1.09    
Operating Cost Growth % ...                     0.523 -4.63 0.310 5.56 2.23    
Operating Profit Growth % ...                     7.12 -2.09 -5.27 1.44 -4.31    
Pre-Tax Profit Growth % ...                     7.77 -17.5 -39.6 61.9 -116    
Net Profit Growth % ...                     2.58 -18.6 -40.0 51.9 -114    
market share                                    
Market Share in Revenues %                       32.7 34.2 34.4 35.3 34.8    
Market Share in Net Profit %                       37.4 42.3 146 76.2 ...    
Market Share in Employees % ... ... ... ... ... ... ... ... ... ...   24.2 23.7 22.1 26.3 27.0    
Market Share in Branches % ... ... ...                 10.7 10.5 10.6 17.3 17.4    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                    
Cash HRK mil                       14,433 13,954 14,060 12,464 15,837    
Interbank Loans HRK mil                       11,844 9,841 10,632 10,970 10,984    
Customer Loans HRK mil                       79,514 78,729 81,065 81,087 84,340    
Retail Loans HRK mil                       31,244 30,944 30,080 34,650 34,575    
Mortgage Loans HRK mil                       19,158 20,007 19,473 17,439 17,329    
Consumer Loans HRK mil                       12,086 10,937 10,607 17,211 17,246    
Corporate Loans HRK mil                       48,270 47,785 50,985 46,437 49,765    
Debt Securities HRK mil                       7,745 10,709 12,062 12,810 12,700    
Fixed Assets HRK mil                       3,139 3,100 3,083 1,584 2,162    
Total Assets HRK mil                       119,691 120,201 123,724 120,115 128,004    
Shareholders' Equity HRK mil                       17,468 18,103 18,179 18,845 17,036    
Of Which Minority Interest HRK mil                       808 915 838 864 23.0    
Liabilities HRK mil                       102,223 102,098 105,546 101,270 110,968    
Interbank Borrowing HRK mil                       11,645 13,649 13,969 10,570 9,095    
Customer Deposits HRK mil                       86,885 86,112 88,678 75,972 86,544    
Retail Deposits HRK mil                       47,403 50,058 52,339 54,308 56,928    
Corporate Deposits HRK mil                       39,481 36,054 36,339 21,664 29,616    
Issued Debt Securities HRK mil                       75.3 76.0 76.9 871 1,956    
Other Liabilities HRK mil                       3,618 2,260 2,821 13,857 13,373    
asset quality                                    
Non-Performing Loans HRK mil ... ... ... ...               8,213 9,953 12,405 15,109 15,202    
Gross Loans HRK mil                       84,666 74,279 77,533 87,756 93,893    
Total Provisions HRK mil                       4,138 5,407 6,698 8,669 9,553    
growth rates                                    
Customer Loan Growth % ...                     5.39 -0.988 2.97 0.027 4.01    
Retail Loan Growth % ...                     0.337 -0.960 -2.79 15.2 -0.216    
Mortgage Loan Growth % ...                     3.04 4.43 -2.67 -10.4 -0.631    
Consumer Loan Growth % ...                     -3.67 -9.51 -3.02 62.3 0.203    
Corporate Loan Growth % ...                     8.94 -1.01 6.70 -8.92 7.17    
Total Asset Growth % ...                     6.76 0.426 2.93 -2.92 6.57    
Shareholders' Equity Growth % ...                     9.13 3.64 0.418 3.67 -9.60    
Customer Deposit Growth % ...                     4.91 -0.889 2.98 -14.3 13.9    
Retail Deposit Growth % ...                     1.19 5.60 4.56 3.76 4.82    
Corporate Deposit Growth % ...                     9.75 -8.68 0.791 -40.4 36.7    
market share                                    
Market Share in Customer Loans %                       31.6 33.3 34.6 35.3 37.9    
Market Share in Corporate Loans %                       43.2 49.5 53.3 50.5 57.0    
Market Share in Retail Loans %                       18.5 17.1 16.8 27.2 27.4    
Market Share in Consumer Loans %                       24.4 24.5 24.3 28.3 28.7    
Market Share in Mortgage Loans %                       30.5 32.1 32.1 29.6 30.1    
Market Share in Total Assets %                       25.0 25.4 25.8 24.4 25.5    
Market Share in Customer Deposits %                       39.4 37.9 37.5 31.1 33.7    
Market Share in Retail Deposits %                       27.8 28.1 29.2 29.7 30.3    
Market Share in Corporate Deposits % ... ... ... ...               82.1 80.1 85.8 49.5 55.8    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                    
ROE %                       8.46 6.48 3.81 5.68 -0.836    
ROA %                       1.22 0.961 0.567 0.862 -0.121    
Costs (As % Of Assets) %                       2.15 1.98 1.95 2.06 2.07    
Costs (As % Of Income) %                       47.4 46.7 48.2 49.2 50.8    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...   ... 21.7 23.6 23.8 25.6 24.7    
Net Interest Margin %                       3.03 2.64 2.49 2.56 2.69    
Interest Spread % ...                     2.64 2.16 2.00 2.05 2.23    
Asset Yield %                       5.37 5.39 5.30 5.39 5.37    
Cost Of Liabilities % ...                     2.73 3.23 3.30 3.34 3.14    
Interest Income (As % Of Revenues) %                       66.9 62.3 61.5 61.0 65.8    
Fee Income (As % Of Revenues) %                       20.8 21.4 22.4 22.9 24.1    
Other Income (As % Of Revenues) %                       12.3 16.3 16.1 16.1 10.1    
Cost Per Employee USD per month ... ... ...   ...   ...   ...     2,901 2,457 2,694 3,046 2,549    
Cost Per Employee (Local Currency) HRK per month ... ... ...   ...   ...   ...     15,516 14,378 15,381 18,060 16,982    
Staff Cost (As % Of Total Cost) %                       49.6 46.8 48.6 48.0 44.8    
Equity (As % Of Assets) %                       14.6 15.1 14.7 15.7 13.3    
Loans (As % Of Deposits) %                       91.5 91.4 91.4 107 97.5    
Loans (As % Assets) %                       66.4 65.5 65.5 67.5 65.9    
NPLs (As % Of Loans) % ... ... ... ...               9.70 13.4 16.0 17.2 16.2    
Provisions (As % Of NPLs) % ... ... ... ...               50.4 54.3 54.0 57.4 62.8    
Provisions (As % Of Loans) %                       5.20 6.87 8.26 10.7 11.3    
Cost of Provisions (As % Of Loans) %                       1.18 1.50 2.06 1.37 3.29    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
Branches ... ... ...                 226 219 215 207 204    
Employees ... ... ...   ...   ...   ...     6,631 6,445 6,274 5,574 5,653    
Clients mil ... ... ... ... ... ... ... ... ... ... ... 2.20 ... ... ... ... ... ...

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Zagrebacka's retail deposits rose 1.43% to HRK 61,380 mil in 2017

By Helgi Analytics - July 16, 2018

Zagrebacka Banka's retail deposits reached HRK 61,380 mil in 2017, up 1.43% 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. Zagrebacka Banka accounted for 32...

Zagrebacka's mortgage loans rose 1.78% to HRK 16,552 mil in 2017

By Helgi Analytics - November 29, 2018

Zagrebacka Banka's mortgage loans reached HRK 16,552 mil in 2017, up 1.78% compared to the previous year. Croatian banking sector provided mortgage loans of HRK 50.7 bil in 2017, up 2.37% when compared to the last year. Zagrebacka Banka accounted for 32.9...

Zagrebacka's consumer loans fell 4.23% to HRK 18,894 mil in 2017

By Helgi Analytics - July 16, 2018

Zagrebacka Banka's consumer loans reached HRK 18,894 mil in 2017, down 4.23% compared to the previous year. Croatian banking sector provided consumer loans of HRK 64.2 bil in 2017, up 2.15% when compared to the last year. Zagrebacka Banka accounted for 30...

Zagrebacka's corporate deposits rose 6.79% to HRK 33,869 mil in 2017

By Helgi Analytics - July 16, 2018

Zagrebacka Banka's corporate deposits reached HRK 33,869 mil in 2017, up 6.79% 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. Zagrebacka Banka accounted ...

Zagrebacka's net profit fell 38.2% to HRK 1,042 mil in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka made a net profit of HRK 1,042 mil in 2017, down 38.2% compared to the previous year. This implies a return on equity of 5.66%. Historically, the bank’s net profit reached an all time high of HRK 1,686 mil in 2016 and an all time low of HRK...

Zagrebacka's npls (as % of loans) fell 23.2% to 11.4% in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka's non-performing loans reached 11.4% of total loans at the end of 2017, down from 14.9% compared to the previous year. Historically, the NPL ratio hit an all time high of 17.2% in 2014 and an all time low of 4.03% in 2007. Provision coverag...

Zagrebacka's net interest margin rose 3.09% to 2.80% in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka's net interest margin amounted to 2.80% in 2017, up from 2.71% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.55% in 2001 and an all time low of 2.49% in 2013. The average margi...

Zagrebacka's customer loans fell 4.37% to HRK 77,217 mil in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka's customer loans reached HRK 77,217 mil in 2017, down 4.37% 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. Zagrebacka Banka accounted for ...

Zagrebacka's net interest income rose 2.64% to HRK 3,571 mil in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka generated total banking revenues of HRK 5,451 mil in 2017, down 2.45% 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 5,588 mil in 2016 a...

Zagrebacka's costs (as % of assets) rose 3.13% to 2.04% in 2017

By Helgi Analytics - July 2, 2018

Zagrebacka Banka's cost to income ratio reached 47.7% in 2017, up from 45.3% compared to the previous year. Historically, the bank’s costs reached an all time high of 60.5% of income in 2003 and an all time low of 45.3% in 2016. When compared to total asse...

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Zagrebačka banka is the largest bank in Croatia with roughly a 25% market share in total assets. The Bank is active in retail, corporate as well as private banking. The Bank operates a number of subsidiaries in Croatia and Bosnia and Herzegovina. In Croatia, the Bank operates with more than 60,000 corporate customers and over 1.1 million private customers. Overall, the Group has more than 2 million of retail clients. At the end of 2015, Zagrebacka banka operated a network of 204 branches; and over 900 ATMs and employed over 5,600 people within the Group. The Bank was founded in 1914 and is headquartered in Zagreb, Croatia. Since 2002, the Bank is a member of UniCredit Group with parent entity UniCredit Bank Austria AG.

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Finance

Zagrebacka Banka has been growing its revenues and asset by 2.45% and 3.45% a year on average in the last 10 years. Its loans and deposits have grown by 3.63% and 5.17% a year during that time and loans to deposits ratio reached 81.1% at the end of 2017. The company achieved an average return on equity of 6.75% in the last decade with net profit growing -1.96% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.7% in 2017, compared to 49.4% average in the last decade.

Equity represented 14.3% of total assets or 23.5% of loans at the end of 2017. Zagrebacka Banka's non-performing loans were 11.4% of total loans while provisions covered some 73.4% of NPLs at the end of 2017.