By Helgi Library - September 19, 2018
Procredit Bank Serbia's customer deposits reached RSD 52,175 mil in 2017, up 8.08% compared to the previous year. Serbian banki...
By Helgi Library - September 19, 2018
Procredit Bank Serbia's customer loans reached RSD 73,667 mil in 2017, up 2.54% compared to the previous year. Serbian banking ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RSD mil | 4,353 | 3,859 | 3,330 |
| Net Fee Income | RSD mil | 1,080 | 985 | 990 |
| Other Income | RSD mil | 208 | 342 | 423 |
| Total Revenues | RSD mil | 5,642 | 5,187 | 4,743 |
| Staff Cost | RSD mil | 1,311 | 1,198 | 1,115 |
| Operating Profit | RSD mil | 2,225 | 1,962 | 1,430 |
| Provisions | RSD mil | 4.47 | 73.4 | 7.43 |
| Net Profit | RSD mil | 1,862 | 1,606 | 1,189 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RSD mil | 3,971 | 3,584 | 4,766 |
| Customer Loans | RSD mil | 64,638 | 71,845 | 73,667 |
| Total Assets | RSD mil | 82,348 | 89,334 | 96,682 |
| Shareholders' Equity | RSD mil | 13,204 | 14,654 | 14,833 |
| Interbank Borrowing | RSD mil | 14,636 | 21,941 | 25,185 |
| Customer Deposits | RSD mil | 49,864 | 48,276 | 52,175 |
| Issued Debt Securities | RSD mil | 3,792 | 3,849 | 3,693 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 14.6 | 11.5 | 8.07 |
| ROA | % | 2.37 | 1.87 | 1.28 |
| Costs (As % Of Assets) | % | 4.35 | 3.76 | 3.56 |
| Costs (As % Of Income) | % | 60.6 | 62.2 | 69.8 |
| Capital Adequacy Ratio | % | 15.7 | 18.9 | 17.2 |
| Net Interest Margin | % | 5.54 | 4.50 | 3.58 |
| Loans (As % Of Deposits) | % | 130 | 149 | 141 |
| NPLs (As % Of Loans) | % | 2.81 | 3.20 | 2.79 |
| Provisions (As % Of NPLs) | % | 116 | 86.8 | 65.9 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -11.7 | -8.06 | -8.55 |
| Operating Cost Growth | % | -13.5 | -5.63 | 2.74 |
| Operating Profit Growth | % | -8.95 | -11.8 | -27.1 |
| Net Profit Growth | % | -9.10 | -13.8 | -26.0 |
| Customer Loan Growth | % | 6.98 | 11.2 | 2.54 |
| Total Asset Growth | % | 10.2 | 8.48 | 8.23 |
| Customer Deposit Growth | % | 14.1 | -3.19 | 8.08 |
| Shareholders' Equity Growth | % | 7.70 | 11.0 | 1.22 |
Get all company financials in excel:
| summary | Unit | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||
| Net Interest Income | RSD mil | ... | 4,979 | 4,353 | ||
| Total Revenues | RSD mil | ... | 6,391 | 5,642 | ||
| Operating Profit | RSD mil | ... | 2,443 | 2,225 | ||
| Net Profit | RSD mil | ... | 2,049 | 1,862 | ||
| balance sheet | ||||||
| Interbank Loans | RSD mil | 3,161 | 627 | 3,971 | ||
| Customer Loans | RSD mil | 52,789 | 60,421 | 64,638 | ||
| Debt Securities | RSD mil | 40.8 | 56.7 | 74.3 | ||
| Total Assets | RSD mil | 70,114 | 74,701 | 82,348 | ||
| Shareholders' Equity | RSD mil | 11,579 | 12,261 | 13,204 | ||
| Interbank Borrowing | RSD mil | 13,803 | 14,078 | 14,636 | ||
| Customer Deposits | RSD mil | 40,232 | 43,719 | 49,864 | ||
| Issued Debt Securities | RSD mil | 3,571 | 3,767 | 3,792 | ||
| ratios | ||||||
| ROE | % | ... | 17.2 | 14.6 | ||
| ROA | % | ... | 2.83 | 2.37 | ||
| Costs (As % Of Assets) | % | ... | 5.45 | 4.35 | ||
| Costs (As % Of Income) | % | ... | 61.8 | 60.6 | ||
| Capital Adequacy Ratio | % | ... | 16.8 | 15.7 | ||
| Net Interest Margin | % | ... | 6.88 | 5.54 | ||
| Interest Income (As % Of Revenues) | % | ... | 77.9 | 77.2 | ||
| Fee Income (As % Of Revenues) | % | ... | 18.4 | 19.1 | ||
| Staff Cost (As % Of Total Cost) | % | ... | 44.8 | 38.4 | ||
| Equity (As % Of Assets) | % | 16.5 | 16.4 | 16.0 | ||
| Loans (As % Of Deposits) | % | 131 | 138 | 130 | ||
| Loans (As % Assets) | % | 75.3 | 80.9 | 78.5 | ||
| NPLs (As % Of Loans) | % | ... | 1.78 | 2.81 | ||
| Provisions (As % Of NPLs) | % | ... | 195 | 116 | ||
| valuation | ||||||
| Book Value Per Share Growth | % | ... | ... | -12.6 |
| income statement | Unit | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||
| Interest Income | RSD mil | ... | 6,661 | 5,733 | ||
| Interest Cost | RSD mil | ... | 1,682 | 1,380 | ||
| Net Interest Income | RSD mil | ... | 4,979 | 4,353 | ||
| Net Fee Income | RSD mil | ... | 1,179 | 1,080 | ||
| Other Income | RSD mil | ... | 233 | 208 | ||
| Total Revenues | RSD mil | ... | 6,391 | 5,642 | ||
| Staff Cost | RSD mil | ... | 1,768 | 1,311 | ||
| Depreciation | RSD mil | ... | 304 | 294 | ||
| Other Cost | RSD mil | ... | 1,876 | 1,812 | ||
| Operating Cost | RSD mil | ... | 3,948 | 3,417 | ||
| Operating Profit | RSD mil | ... | 2,443 | 2,225 | ||
| Provisions | RSD mil | ... | 11.2 | 4.47 | ||
| Extra and Other Cost | RSD mil | ... | -0.110 | 0 | ||
| Pre-Tax Profit | RSD mil | ... | 2,432 | 2,220 | ||
| Tax | RSD mil | ... | 383 | 358 | ||
| Minorities | RSD mil | ... | 0 | 0 | ||
| Net Profit | RSD mil | ... | 2,049 | 1,862 | ||
| growth rates | ||||||
| Net Interest Income Growth | % | ... | ... | -12.6 | ||
| Net Fee Income Growth | % | ... | ... | -8.42 | ||
| Total Revenue Growth | % | ... | ... | -11.7 | ||
| Operating Cost Growth | % | ... | ... | -13.5 | ||
| Operating Profit Growth | % | ... | ... | -8.95 | ||
| Pre-Tax Profit Growth | % | ... | ... | -8.72 | ||
| Net Profit Growth | % | ... | ... | -9.10 | ||
| market share | ||||||
| Market Share in Revenues | % | ... | 3.66 | 3.07 | ||
| Market Share in Net Profit | % | ... | 90.0 | 25.0 |
| balance sheet | Unit | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||
| Cash | RSD mil | 11,080 | 10,459 | 10,084 | ||
| Interbank Loans | RSD mil | 3,161 | 627 | 3,971 | ||
| Customer Loans | RSD mil | 52,789 | 60,421 | 64,638 | ||
| Retail Loans | RSD mil | ... | 7,288 | 7,725 | ||
| Mortgage Loans | RSD mil | ... | 4,037 | 3,912 | ||
| Consumer Loans | RSD mil | ... | 3,251 | 3,813 | ||
| Corporate Loans | RSD mil | ... | 55,305 | 59,082 | ||
| Debt Securities | RSD mil | 40.8 | 56.7 | 74.3 | ||
| Fixed Assets | RSD mil | 2,603 | 2,737 | 3,099 | ||
| Total Assets | RSD mil | 70,114 | 74,701 | 82,348 | ||
| Shareholders' Equity | RSD mil | 11,579 | 12,261 | 13,204 | ||
| Of Which Minority Interest | RSD mil | 0 | 0 | 0 | ||
| Liabilities | RSD mil | 58,535 | 62,441 | 69,144 | ||
| Interbank Borrowing | RSD mil | 13,803 | 14,078 | 14,636 | ||
| Customer Deposits | RSD mil | 40,232 | 43,719 | 49,864 | ||
| Retail Deposits | RSD mil | ... | 25,000 | 25,811 | ||
| Corporate Deposits | RSD mil | ... | 18,719 | 24,053 | ||
| Issued Debt Securities | RSD mil | 3,571 | 3,767 | 3,792 | ||
| Other Liabilities | RSD mil | 928 | 877 | 852 | ||
| asset quality | ||||||
| Non-Performing Loans | RSD mil | ... | 1,112 | 1,877 | ||
| Gross Loans | RSD mil | ... | 62,593 | 66,807 | ||
| Total Provisions | RSD mil | ... | 2,172 | 2,169 | ||
| growth rates | ||||||
| Customer Loan Growth | % | ... | 14.5 | 6.98 | ||
| Retail Loan Growth | % | ... | ... | 6.00 | ||
| Mortgage Loan Growth | % | ... | ... | -3.09 | ||
| Consumer Loan Growth | % | ... | ... | 17.3 | ||
| Corporate Loan Growth | % | ... | ... | 6.83 | ||
| Total Asset Growth | % | ... | 6.54 | 10.2 | ||
| Shareholders' Equity Growth | % | ... | 5.88 | 7.70 | ||
| Customer Deposit Growth | % | ... | 8.67 | 14.1 | ||
| Retail Deposit Growth | % | ... | ... | 3.24 | ||
| Corporate Deposit Growth | % | ... | ... | 28.5 | ||
| market share | ||||||
| Market Share in Customer Loans | % | 2.39 | 2.53 | 2.57 | ||
| Market Share in Corporate Loans | % | ... | 5.70 | 5.95 | ||
| Market Share in Retail Loans | % | ... | 0.839 | 0.924 | ||
| Market Share in Consumer Loans | % | ... | 1.01 | 1.02 | ||
| Market Share in Mortgage Loans | % | ... | 1.20 | 1.13 | ||
| Market Share in Total Assets | % | 2.23 | 2.26 | 2.40 | ||
| Market Share in Customer Deposits | % | 2.52 | 2.55 | 2.73 | ||
| Market Share in Retail Deposits | % | ... | 2.28 | 2.28 | ||
| Market Share in Corporate Deposits | % | ... | 3.74 | 4.17 |
| ratios | Unit | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||
| ROE | % | ... | 17.2 | 14.6 | ||
| ROA | % | ... | 2.83 | 2.37 | ||
| Costs (As % Of Assets) | % | ... | 5.45 | 4.35 | ||
| Costs (As % Of Income) | % | ... | 61.8 | 60.6 | ||
| Capital Adequacy Ratio | % | ... | 16.8 | 15.7 | ||
| Tier 1 Ratio | % | ... | ... | ... | ... | |
| Net Interest Margin | % | ... | 6.88 | 5.54 | ||
| Interest Spread | % | ... | 6.42 | 5.20 | ||
| Asset Yield | % | ... | 9.20 | 7.30 | ||
| Cost Of Liabilities | % | ... | 2.78 | 2.10 | ||
| Interest Income (As % Of Revenues) | % | ... | 77.9 | 77.2 | ||
| Fee Income (As % Of Revenues) | % | ... | 18.4 | 19.1 | ||
| Other Income (As % Of Revenues) | % | ... | 3.65 | 3.70 | ||
| Staff Cost (As % Of Total Cost) | % | ... | 44.8 | 38.4 | ||
| Equity (As % Of Assets) | % | 16.5 | 16.4 | 16.0 | ||
| Loans (As % Of Deposits) | % | 131 | 138 | 130 | ||
| Loans (As % Assets) | % | 75.3 | 80.9 | 78.5 | ||
| NPLs (As % Of Loans) | % | ... | 1.78 | 2.81 | ||
| Provisions (As % Of NPLs) | % | ... | 195 | 116 | ||
| Provisions (As % Of Loans) | % | ... | 3.59 | 3.36 | ||
| Cost of Provisions (As % Of Loans) | % | ... | 0.020 | 0.007 |
Get all company financials in excel:
Procredit Bank Serbia has been growing its revenues and asset by % and % a year on average in the last 3 years. Its loans and deposits have grown by % and % a year during that time and loans to deposits ratio reached at the end of 2017. The company achieved an average return on equity of % in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached in 2017, compared to % average in the last three years.
Equity represented of total assets or of loans at the end of 2017. Procredit Bank Serbia's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.
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