Raiffeisen is the third largest building savings bank in the Czech Republic by loans. It is partly owned by the Czech subsidiary of Raiffeisenbank (10%) with the rest in the hands of Raiffeisen Bausparkasse. Following the acquisition of Hypo Stavební Spořitelna in 2008, the building savings bank owned 14.1% of building savings loans and 17.5% of deposits at the end of 2012. Despite strengthening its market position, the bank’s overall balance sheet momentum is negative. This is due mainly to the overall saturation of the market, ongoing reduction of the government subsidy and migration to mortgage lending. Raiffeisen Stavební Spořitelna’s profitability has been deteriorating fast. From over 30% in 2008-2009, the bank’s ROE had dropped to less than 12% at the end of 2012.
This report offers a summary of the company's performance in 2000-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.
In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector and within the business of building savings.