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PPF Banka

PPF Banka's customer deposits rose 14.6% yoy to CZK 241,239 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka's customer deposits reached CZK 241,239 mil in 2023-12-31, up 3.28% compared to the previous year. Czech banking sect...

PPF Banka's npls (as % of loans) fell 42.9% yoy to 0.563% in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka's non-performing loans reached 0.563% of total loans at the end of 2023-12-31, down from 0.986% compared to the previou...

PPF Banka's employees rose 8.86% yoy to 258 in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka employed 258 persons in 2023-12-31, down 1.90% when compared to the previous year. Historically, the bank's workforce ...

Annual Quarterly LTM
Profit Statement 2021 2022 2023
Net Interest Income CZK mil 2,827 6,438 6,523
Net Fee Income CZK mil 224 242 258
Other Income CZK mil 256 -1,301 117
Total Revenues CZK mil 3,307 5,379 6,898
Staff Cost CZK mil 445 445 567
Operating Profit CZK mil 1,940 3,966 5,176
Provisions CZK mil -187 785 495
Net Profit CZK mil 1,747 2,739 3,884
Balance Sheet 2021 2022 2023
Interbank Loans CZK mil 5,227 8,247 11,101
Customer Loans CZK mil 43,351 45,275 52,952
Investments CZK mil 59,707 57,881 153,985
Total Assets CZK mil 236,622 288,650 384,955
Shareholders' Equity CZK mil 16,542 17,331 20,763
Interbank Borrowing CZK mil 41,333 23,980 15,948
Customer Deposits CZK mil 145,548 210,578 241,239
Issued Debt Securities CZK mil 4,411 5,117 4,436
Ratios 2021 2022 2023
ROE % 10.9 16.2 20.4
ROA % 0.860 1.04 1.15
Costs (As % Of Assets) % 0.673 0.538 0.511
Costs (As % Of Income) % 41.3 26.3 25.0
Capital Adequacy Ratio % 20.3 24.8 23.2
Net Interest Margin % 1.39 2.45 1.94
Loans (As % Of Deposits) % 29.8 21.5 22.0
NPLs (As % Of Loans) % 4.14 0.986 0.563
Provisions (As % Of NPLs) % 61.7 211 408
Growth Rates 2021 2022 2023
Total Revenue Growth % -16.5 62.7 28.2
Operating Cost Growth % 52.2 3.37 21.9
Operating Profit Growth % -36.6 104 30.5
Net Profit Growth % 54.2 56.8 41.8
Customer Loan Growth % 21.3 4.44 17.0
Total Asset Growth % 39.4 22.0 33.4
Customer Deposit Growth % 10.7 44.7 14.6
Shareholders' Equity Growth % 7.32 4.77 19.8
Employees 238 237 258

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                            
Net Interest Income CZK mil                               2,457 3,468 4,112 3,292 2,827    
Total Revenues CZK mil                               3,038 3,736 3,536 3,959 3,307    
Operating Profit CZK mil                               2,085 2,757 2,555 3,061 1,940    
Net Profit CZK mil                               1,521 2,202 2,088 1,133 1,747    
balance sheet                                            
Interbank Loans CZK mil                               3,355 5,131 3,636 4,130 5,227    
Customer Loans CZK mil                               33,236 34,437 41,109 35,745 43,351    
Investments CZK mil                               37,900 31,440 24,717 38,605 59,707    
Total Assets CZK mil                               232,941 235,162 226,958 169,723 236,622    
                                               
Shareholders' Equity CZK mil                               10,144 11,620 14,295 15,414 16,542    
Interbank Borrowing CZK mil                               38,963 66,306 25,743 1,993 41,333    
Customer Deposits CZK mil                               157,384 132,785 172,805 131,462 145,548    
Issued Debt Securities CZK mil                               17,485 18,763 3,536 3,122 4,411    
ratios                                            
ROE % ...                             16.0 20.2 16.1 7.63 10.9    
ROA % ...                             0.823 0.941 0.904 0.571 0.860    
Costs (As % Of Assets) % ...                             0.515 0.418 0.425 0.453 0.673    
Costs (As % Of Income) %                               31.4 26.2 27.7 22.7 41.3    
Capital Adequacy Ratio % ... ... ...                         16.2 16.3 18.3 24.5 20.3    
Net Interest Margin % ...                             1.33 1.48 1.78 1.66 1.39    
Interest Income (As % Of Revenues) %                               80.9 92.8 116 83.2 85.5    
Fee Income (As % Of Revenues) %                               4.25 3.53 3.68 5.28 6.77    
Staff Cost (As % Of Total Cost) %                               36.8 39.0 40.1 48.4 32.6    
Equity (As % Of Assets) %                               4.35 4.94 6.30 9.08 6.99    
Loans (As % Of Deposits) %                               21.1 25.9 23.8 27.2 29.8    
Loans (As % Assets) %                               14.3 14.6 18.1 21.1 18.3    
NPLs (As % Of Loans) % ...                             10.4 12.9 6.79 8.26 4.14    
Provisions (As % Of NPLs) % ...     ...                       29.9 29.0 35.3 70.3 61.7    
valuation                                            
Book Value Per Share Growth % ...                             13.6 41.1 18.6 -19.9 -14.1    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                            
Interest Income CZK mil                               2,902 4,314 6,073 4,482 3,788    
Interest Cost CZK mil                               445 846 1,961 1,190 961    
Net Interest Income CZK mil                               2,457 3,468 4,112 3,292 2,827    
Net Fee Income CZK mil                               129 132 130 209 224    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 209 493 555    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 79.0 284 331    
Other Income CZK mil                               452 136 -706 458 256    
Total Revenues CZK mil                               3,038 3,736 3,536 3,959 3,307    
Staff Cost CZK mil                               351 382 393 435 445    
Depreciation CZK mil                               31.0 40.0 74.0 81.0 98.0    
Other Cost CZK mil                               571 557 514 382 824    
Operating Cost CZK mil                               953 979 981 898 1,367    
Operating Profit CZK mil                               2,085 2,757 2,555 3,061 1,940    
Provisions CZK mil                               177 68.0 -74.0 1,750 -187    
Extra and Other Cost CZK mil                               0 0 0 0 0    
Pre-Tax Profit CZK mil                               1,908 2,689 2,629 1,311 2,127    
Tax CZK mil                               387 487 541 178 380    
Minorities CZK mil                               0 0 0 0 0    
Net Profit CZK mil                               1,521 2,202 2,088 1,133 1,747    
Net Profit Avail. to Common CZK mil                               1,521 2,202 2,088 1,133 1,747    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 1,492    
growth rates                                            
Net Interest Income Growth % ...                             13.6 41.1 18.6 -19.9 -14.1    
Net Fee Income Growth % ...                             -36.1 2.33 -1.52 60.8 7.18    
Total Revenue Growth % ...                             5.78 23.0 -5.35 12.0 -16.5    
Operating Cost Growth % ...                             -0.418 2.73 0.204 -8.46 52.2    
Operating Profit Growth % ...                             8.88 32.2 -7.33 19.8 -36.6    
Pre-Tax Profit Growth % ...                             17.1 40.9 -2.23 -50.1 62.2    
Net Profit Growth % ...                             12.2 44.8 -5.18 -45.7 54.2    
market share                                            
Market Share in Revenues %                               1.70 1.96 1.75 2.19 1.79    
Market Share in Net Profit %                               2.02 2.70 2.29 2.39 2.48    
Market Share in Employees %                               0.537 0.561 0.570 0.589 0.599    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ...           0.103 0.102 0.105 0.119 0.125    
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
balance sheet                                            
Cash & Cash Equivalents CZK mil                               156,926 163,539 156,713 90,086 127,050    
Interbank Loans CZK mil                               3,355 5,131 3,636 4,130 5,227    
Customer Loans CZK mil                               33,236 34,437 41,109 35,745 43,351    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 117 109 105    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15,806 15,477 20,543    
Investments CZK mil                               37,900 31,440 24,717 38,605 59,707    
Property and Equipment CZK mil                               132 182 167 152 147    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 193 217 210    
Total Assets CZK mil                               232,941 235,162 226,958 169,723 236,622    
                                               
Shareholders' Equity CZK mil                               10,144 11,620 14,295 15,414 16,542    
Of Which Minority Interest CZK mil                               0 0 0 0 0    
Liabilities CZK mil                               222,797 223,542 212,663 154,309 220,080    
Interbank Borrowing CZK mil                               38,963 66,306 25,743 1,993 41,333    
Customer Deposits CZK mil                               157,384 132,785 172,805 131,462 145,548    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ...       3,011 4,255 5,730 6,805 5,114    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ...       32,085 17,509 16,313 22,638 24,200    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...         135,662 116,334 ... ... 109,182    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ...         21,722 16,451 ... ... 36,366    
Issued Debt Securities CZK mil                               17,485 18,763 3,536 3,122 4,411    
Other Liabilities CZK mil                               8,965 5,688 10,579 17,732 28,788    
asset quality                                            
Non-Performing Loans CZK mil ...                             3,567 4,612 2,861 3,136 1,844    
Gross Loans CZK mil                               34,303 35,774 42,119 37,949 44,489    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ...       70,053 70,034 56,042 46,559 54,862    
Total Provisions CZK mil ...                             1,067 1,337 1,010 2,204 1,138    
growth rates                                            
Customer Loan Growth % ...                             18.8 3.61 19.4 -13.0 21.3    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -6.84 -3.67    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -2.08 32.7    
Total Asset Growth % ...                             70.3 0.953 -3.49 -25.2 39.4    
Shareholders' Equity Growth % ...                             14.5 14.6 23.0 7.83 7.32    
Customer Deposit Growth % ...                             52.7 -15.6 30.1 -23.9 10.7    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ...     -41.5 41.3 34.7 18.8 -24.8    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ...     -45.7 -45.4 -6.83 38.8 6.90    
market share                                            
Market Share in Customer Loans %                               1.08 1.04 1.19 0.994 1.13    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.41 1.38 1.73    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.007 0.006 0.005    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.007 0.006 0.005 ... ...
Market Share in Total Assets %                               3.33 3.23 3.00 2.13 2.78    
Market Share in Customer Deposits %                               3.77 2.99 3.65 2.55 2.65    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ...       0.127 0.166 0.210 0.223 0.157    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ...       3.22 1.68 1.49 1.86 1.85    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                             
ROE % ...                             16.0 20.2 16.1 7.63 10.9    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7.73 11.1    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ...     15.1 21.0 22.1 14.7 23.0    
ROA % ...                             0.823 0.941 0.904 0.571 0.860    
Return on Loans %                               4.97 6.51 5.53 2.95 4.42    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ...     3.11 3.94 4.05 5.97 3.83    
Costs (As % Of Assets) % ...                             0.515 0.418 0.425 0.453 0.673    
Costs (As % Of Income) %                               31.4 26.2 27.7 22.7 41.3    
Costs (As % Of Loans) % ...                             3.11 2.89 2.60 2.34 3.46    
Costs (As % Of Loans & Deposits) % ...                             0.593 0.547 0.515 0.471 0.768    
Capital Adequacy Ratio % ... ... ...                         16.2 16.3 18.3 24.5 20.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ...     14.2 16.3 18.3 24.5 20.3    
Net Interest Margin % ...                             1.33 1.48 1.78 1.66 1.39    
Interest Spread % ...                             1.32 1.46 1.73 1.61 1.35    
Asset Yield % ...                             1.57 1.84 2.63 2.26 1.86    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ...     4.53 5.33 5.61 7.72 6.52    
Cost Of Liabilities % ...                             0.254 0.379 0.899 0.649 0.513    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 85.4    
Interest Income (As % Of Revenues) %                               80.9 92.8 116 83.2 85.5    
Fee Income (As % Of Revenues) %                               4.25 3.53 3.68 5.28 6.77    
Other Income (As % Of Revenues) %                               14.9 3.64 -20.0 11.6 7.74    
Staff Cost (As % Of Total Cost) %                               36.8 39.0 40.1 48.4 32.6    
Equity (As % Of Assets) %                               4.35 4.94 6.30 9.08 6.99    
Equity (As % Of Loans) %                               30.5 33.7 34.8 43.1 38.2    
Loans (As % Of Deposits) %                               21.1 25.9 23.8 27.2 29.8    
Loans (As % Assets) %                               14.3 14.6 18.1 21.1 18.3    
NPLs (As % Of Loans) % ...                             10.4 12.9 6.79 8.26 4.14    
Provisions (As % Of NPLs) % ...     ...                       29.9 29.0 35.3 70.3 61.7    
Provisions (As % Of Loans) % ...                             3.21 3.88 2.46 6.17 2.63    
Cost of Provisions (As % Of Loans) % ...                             0.578 0.201 -0.196 4.55 -0.473    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                             
Branches ... ... ... ... ... ... ... ... ... ...           2.00 2.00 2.00 2.00 2.00    
Employees                               225 235 237 240 238    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ...           113 118 119 120 119    
Cost Per Employee USD per month                               5,540 6,192 6,130 6,864 7,191    
Cost Per Employee (Local Currency) CZK per month                               130,000 135,461 138,186 151,042 155,812    
customer breakdown Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                             
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ...         1,393,000 1,451,000 1,444,000 1,444,000 ... ... ...

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PPF Banka's customer loans rose 13.4% yoy to CZK 51,033 mil in 3Q2023

By Helgi Library - May 13, 2024

PPF Banka's customer loans reached CZK 51,033 mil in 2023-09-30, up 3.05% compared to the previous year. Czech banking sector provided customer loans of CZK 4,290 bil in 2023-09-30, up 1.99% when compared to the last year. PPF Banka accounted for 1.19% of...

PPF Banka's total revenues fell 5.64% yoy to CZK 1,552 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka generated total banking revenues of CZK 1,552 mil in 2023-12-31, down 0.892% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 58,954 mil in 2023-12-31, up 3.14% when compared to the last year...

PPF Banka's retail loans rose 2.00% yoy to CZK 102 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka's retail loans reached CZK 102 mil in the fourth quarter of 2023, up 0.493% compared to the previous year. Czech banking sector provided retail loans of CZK 2,242 bil in 4Q2023, up 0.906% when compared to the last year. PPF Banka accounted for 0...

PPF Banka's capital adequacy ratio fell 6.65% yoy to 23.2% in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka's capital adequacy ratio reached 23.2% at the end of fourth quarter of 2023, down from 25.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 25.8% in 3Q2023 and an all time low of 12.9% in 3Q2014. ...

PPF Banka's net interest income fell 10.4% yoy to CZK 1,560 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka generated total banking revenues of CZK 1,552 mil in the fourth quarter of 2023, down 5.64% when compared to the same period of last year and 0.892% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

PPF Banka's net profit fell 1.25% yoy to CZK 576 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka made a net profit of CZK 576 mil under revenues of CZK 1,552 mil in the fourth quarter of 2023, down 1.25% and 5.64% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK 1,192 m...

PPF Banka's net profit fell 1.25% yoy to CZK 576 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka made a net profit of CZK 576 mil in the fourth quarter of 2023, down 1.25% when compared to the same period of last year. This implies a return on equity of 11.4%. Historically, the bank’s net profit reached an all time high of CZK 1,192 mil in 1Q2023 a...

PPF Banka's net interest margin fell 27.6% yoy to 1.82% in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka's net interest margin amounted to 1.82% in the fourth quarter of 2023, down from 1.84% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 2.57% in 3Q2022 and an all time low of 0.905...

PPF Banka's retail deposits rose 13.5% yoy to CZK 9,327 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka's retail deposits reached CZK 9,327 mil in 2023-12-31, up 3.06% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,651 bil in 2023-12-31, up 2.05% when compared to the last year. PPF Banka accounted for 0.255% ...

PPF Banka's corporate deposits fell 33.8% yoy to CZK 30,986 mil in 4Q2023

By Helgi Library - May 13, 2024

PPF Banka's corporate deposits reached CZK 30,986 mil in 2023-12-31, down 11.3% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,470 bil in 2023-12-31, up 3.25% when compared to the last year. PPF Banka accounted fo...

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PPF banka is a specialised corporate and investment bank providing financial advisory, banking and investment services. PPF banka focuses primarily on corporate and municipal clients, including local government entities and local authorities, and provides private banking services. PPF banka also serves as the central treasury bank for PPF Group and provides services to the Group in 12 countries worldwide. The Bank was founded in 1992 and then operated in the Czech market as Prvni mestska banka. PPF Group became the majority shareholder in 2002 and the City of Prague remains a minority shareholder.

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Finance

PPF Banka has been growing its revenues and asset by 11.9% and 13.9% a year on average in the last 10 years. Its loans and deposits have grown by 5.37% and 12.3% a year during that time and loans to deposits ratio reached 22.0% at the end of 2023. The company achieved an average return on equity of 15.0% in the last decade with net profit growing 21.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 25.0% in 2023, compared to 30.4% average in the last decade.

Equity represented 5.39% of total assets or 39.2% of loans at the end of 2023. PPF Banka's non-performing loans were 0.563% of total loans while provisions covered some 408% of NPLs at the end of 2023.

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