By Helgi Library - September 17, 2018
Bank Intesa Serbia's net interest margin amounted to 3.45% in 2017, down from 3.64% compared to the previous year. Histori...
By Helgi Library - September 17, 2018
Bank Intesa Serbia's net interest margin amounted to 3.45% in 2017, down from 3.64% compared to the previous year. Histori...
By Helgi Library - September 17, 2018
Bank Intesa Serbia made a net profit of RSD 11,848 mil under revenues of RSD 30,089 mil in 2017, up 19.4% and 3.55% respectively comp...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RSD mil | 20,210 | 18,914 | 19,249 |
| Net Fee Income | RSD mil | 5,444 | 5,628 | 6,576 |
| Other Income | RSD mil | 5,312 | 4,515 | 4,265 |
| Total Revenues | RSD mil | 30,967 | 29,058 | 30,089 |
| Staff Cost | RSD mil | 5,464 | 5,739 | 5,702 |
| Operating Profit | RSD mil | 17,438 | 15,163 | 16,084 |
| Provisions | RSD mil | 7,779 | 4,382 | 3,072 |
| Net Profit | RSD mil | 8,585 | 9,924 | 11,848 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RSD mil | 36,168 | 37,592 | 29,354 |
| Customer Loans | RSD mil | 257,849 | 271,750 | 301,894 |
| Total Assets | RSD mil | 487,799 | 551,416 | 564,860 |
| Shareholders' Equity | RSD mil | 114,598 | 124,141 | 119,007 |
| Interbank Borrowing | RSD mil | 31,095 | 34,056 | 32,375 |
| Customer Deposits | RSD mil | 331,332 | 383,453 | 397,705 |
| Issued Debt Securities | RSD mil | 74.4 | 2.59 | 4.85 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 7.81 | 8.31 | 9.75 |
| ROA | % | 1.79 | 1.91 | 2.12 |
| Costs (As % Of Assets) | % | 2.82 | 2.67 | 2.51 |
| Costs (As % Of Income) | % | 43.7 | 47.8 | 46.5 |
| Capital Adequacy Ratio | % | 20.7 | 21.5 | 20.8 |
| Net Interest Margin | % | 4.21 | 3.64 | 3.45 |
| Loans (As % Of Deposits) | % | 77.8 | 70.9 | 75.9 |
| NPLs (As % Of Loans) | % | 18.4 | 14.3 | 9.25 |
| Provisions (As % Of NPLs) | % | 50.0 | 55.4 | 51.5 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 4.75 | -6.16 | 3.55 |
| Operating Cost Growth | % | 1.74 | 2.70 | 0.801 |
| Operating Profit Growth | % | 7.21 | -13.0 | 6.07 |
| Net Profit Growth | % | 26.1 | 15.6 | 19.4 |
| Customer Loan Growth | % | 1.78 | 5.39 | 11.1 |
| Total Asset Growth | % | 3.14 | 13.0 | 2.44 |
| Customer Deposit Growth | % | 8.08 | 15.7 | 3.72 |
| Shareholders' Equity Growth | % | 8.92 | 8.33 | -4.14 |
| Employees | 3,010 | 3,032 | 2,934 | |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Net Interest Income | RSD mil | 19,528 | 19,551 | 21,213 | 21,064 | 20,210 | |||||||||||
| Total Revenues | RSD mil | 50,767 | 57,149 | 29,049 | 29,562 | 30,967 | |||||||||||
| Operating Profit | RSD mil | 15,039 | 15,673 | 17,262 | 16,265 | 17,438 | |||||||||||
| Net Profit | RSD mil | 9,591 | 9,493 | 8,608 | 6,809 | 8,585 | |||||||||||
| balance sheet | |||||||||||||||||
| Interbank Loans | RSD mil | 83,163 | 56,758 | 56,151 | 70,432 | 36,168 | |||||||||||
| Customer Loans | RSD mil | 280,005 | 277,244 | 255,676 | 253,346 | 257,849 | |||||||||||
| Debt Securities | RSD mil | 2,648 | 31,054 | 56,151 | 57,705 | 79,552 | |||||||||||
| Total Assets | RSD mil | 392,323 | 413,330 | 426,269 | 472,957 | 487,799 | |||||||||||
| Shareholders' Equity | RSD mil | 80,414 | 90,052 | 98,887 | 105,209 | 114,598 | |||||||||||
| Interbank Borrowing | RSD mil | 57,107 | 53,565 | 44,723 | 36,710 | 31,095 | |||||||||||
| Customer Deposits | RSD mil | 235,365 | 261,538 | 277,750 | 306,563 | 331,332 | |||||||||||
| Issued Debt Securities | RSD mil | 2,386 | 142 | 14.1 | 19.7 | 74.4 | |||||||||||
| ratios | |||||||||||||||||
| ROE | % | 13.9 | 11.1 | 9.11 | 6.67 | 7.81 | |||||||||||
| ROA | % | 2.55 | 2.36 | 2.05 | 1.51 | 1.79 | |||||||||||
| Costs (As % Of Assets) | % | 9.51 | 10.3 | 2.81 | 2.96 | 2.82 | |||||||||||
| Costs (As % Of Income) | % | 70.4 | 72.6 | 40.6 | 45.0 | 43.7 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | 16.8 | 19.8 | 19.9 | 14.5 | 20.7 | |||||
| Net Interest Margin | % | 5.20 | 4.85 | 5.05 | 4.68 | 4.21 | |||||||||||
| Interest Income (As % Of Revenues) | % | 38.5 | 34.2 | 73.0 | 71.3 | 65.3 | |||||||||||
| Fee Income (As % Of Revenues) | % | 10.7 | 9.80 | 19.0 | 19.1 | 17.6 | |||||||||||
| Staff Cost (As % Of Total Cost) | % | 12.4 | 11.4 | 38.1 | 35.4 | 40.4 | |||||||||||
| Equity (As % Of Assets) | % | 20.5 | 21.8 | 23.2 | 22.2 | 23.5 | |||||||||||
| Loans (As % Of Deposits) | % | 119 | 106 | 92.1 | 82.6 | 77.8 | |||||||||||
| Loans (As % Assets) | % | 71.4 | 67.1 | 60.0 | 53.6 | 52.9 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 11.8 | 13.8 | 19.0 | 20.2 | 18.4 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 46.5 | 46.1 | 47.7 | 50.3 | 50.0 | ||||||
| valuation | |||||||||||||||||
| Book Value Per Share Growth | % | ... | 12.6 | 0.118 | 8.50 | -0.704 | -4.05 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Interest Income | RSD mil | 31,091 | 31,341 | 30,812 | 27,839 | 25,420 | |||||||||||
| Interest Cost | RSD mil | 11,563 | 11,790 | 9,599 | 6,775 | 5,209 | |||||||||||
| Net Interest Income | RSD mil | 19,528 | 19,551 | 21,213 | 21,064 | 20,210 | |||||||||||
| Net Fee Income | RSD mil | 5,435 | 5,599 | 5,527 | 5,649 | 5,444 | |||||||||||
| Other Income | RSD mil | 25,805 | 32,000 | 2,309 | 2,850 | 5,312 | |||||||||||
| Total Revenues | RSD mil | 50,767 | 57,149 | 29,049 | 29,562 | 30,967 | |||||||||||
| Staff Cost | RSD mil | 4,434 | 4,723 | 4,492 | 4,708 | 5,464 | |||||||||||
| Depreciation | RSD mil | 865 | 978 | 907 | 893 | 913 | |||||||||||
| Other Cost | RSD mil | 30,429 | 35,776 | 6,387 | 7,697 | 7,152 | |||||||||||
| Operating Cost | RSD mil | 35,728 | 41,476 | 11,787 | 13,297 | 13,529 | |||||||||||
| Operating Profit | RSD mil | 15,039 | 15,673 | 17,262 | 16,265 | 17,438 | |||||||||||
| Provisions | RSD mil | 4,259 | 5,368 | 8,044 | 9,169 | 7,779 | |||||||||||
| Extra and Other Cost | RSD mil | 90.0 | 0 | 0 | 0 | -23.7 | |||||||||||
| Pre-Tax Profit | RSD mil | 10,690 | 10,305 | 9,218 | 7,096 | 9,683 | |||||||||||
| Tax | RSD mil | 2,030 | 812 | 610 | 288 | 1,098 | |||||||||||
| Minorities | RSD mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | RSD mil | 9,591 | 9,493 | 8,608 | 6,809 | 8,585 | |||||||||||
| growth rates | |||||||||||||||||
| Net Interest Income Growth | % | ... | 12.6 | 0.119 | 8.50 | -0.704 | -4.05 | ||||||||||
| Net Fee Income Growth | % | ... | 5.24 | 3.01 | -1.27 | 2.20 | -3.63 | ||||||||||
| Total Revenue Growth | % | ... | 7.58 | 12.6 | -49.2 | 1.77 | 4.75 | ||||||||||
| Operating Cost Growth | % | ... | 3.95 | 16.1 | -71.6 | 12.8 | 1.74 | ||||||||||
| Operating Profit Growth | % | ... | 17.3 | 4.21 | 10.1 | -5.78 | 7.21 | ||||||||||
| Pre-Tax Profit Growth | % | ... | 26.4 | -3.60 | -10.5 | -23.0 | 36.4 | ||||||||||
| Net Profit Growth | % | ... | 25.9 | -1.02 | -9.33 | -20.9 | 26.1 | ||||||||||
| market share | |||||||||||||||||
| Market Share in Revenues | % | 30.8 | 33.8 | 17.9 | 16.9 | 16.9 | |||||||||||
| Market Share in Net Profit | % | ... | ... | ... | 767 | 81.5 | ... | 299 | 115 | ||||||||
| Market Share in Employees | % | ... | 10.9 | 11.0 | 11.5 | 12.0 | 12.4 | ||||||||||
| Market Share in Bank Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21.3 | ... | ... | ... | ... | ... |
| Market Share in Branches | % | ... | ... | ... | 8.73 | 8.87 | 9.65 | 9.90 | 9.83 |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||
| Cash | RSD mil | 16,223 | 35,014 | 56,591 | 78,554 | 98,939 | |||||||||||
| Interbank Loans | RSD mil | 83,163 | 56,758 | 56,151 | 70,432 | 36,168 | |||||||||||
| Customer Loans | RSD mil | 280,005 | 277,244 | 255,676 | 253,346 | 257,849 | |||||||||||
| Retail Loans | RSD mil | ... | ... | 78,497 | 85,433 | 86,473 | 87,433 | 98,598 | |||||||||
| Mortgage Loans | RSD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 45,383 | 47,969 | 50,318 | ||
| Consumer Loans | RSD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 41,091 | 39,464 | 48,280 | ||
| Corporate Loans | RSD mil | ... | ... | 155,680 | 159,851 | 139,319 | 145,733 | 185,453 | |||||||||
| Debt Securities | RSD mil | 2,648 | 31,054 | 56,151 | 57,705 | 79,552 | |||||||||||
| Fixed Assets | RSD mil | 7,179 | 8,417 | 8,031 | 7,040 | 9,537 | |||||||||||
| Total Assets | RSD mil | 392,323 | 413,330 | 426,269 | 472,957 | 487,799 | |||||||||||
| Shareholders' Equity | RSD mil | 80,414 | 90,052 | 98,887 | 105,209 | 114,598 | |||||||||||
| Of Which Minority Interest | RSD mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | RSD mil | 311,908 | 323,278 | 327,381 | 367,748 | 373,201 | |||||||||||
| Interbank Borrowing | RSD mil | 57,107 | 53,565 | 44,723 | 36,710 | 31,095 | |||||||||||
| Customer Deposits | RSD mil | 235,365 | 261,538 | 277,750 | 306,563 | 331,332 | |||||||||||
| Retail Deposits | RSD mil | ... | ... | 126,493 | 148,569 | 165,902 | 184,887 | 200,125 | |||||||||
| Corporate Deposits | RSD mil | ... | ... | 108,872 | 112,969 | 111,848 | 121,676 | 131,207 | |||||||||
| Sight Deposits | RSD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Term Deposits | RSD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Issued Debt Securities | RSD mil | 2,386 | 142 | 14.1 | 19.7 | 74.4 | |||||||||||
| Other Liabilities | RSD mil | 17,052 | 8,032 | 4,894 | 24,455 | 10,700 | |||||||||||
| asset quality | |||||||||||||||||
| Non-Performing Loans | RSD mil | ... | ... | ... | ... | ... | 32,953 | 38,346 | 53,279 | 57,064 | 52,371 | ||||||
| Gross Loans | RSD mil | 280,005 | 277,244 | 281,072 | 282,042 | 284,051 | |||||||||||
| Total Provisions | RSD mil | 15,333 | 17,693 | 25,396 | 28,696 | 26,202 | |||||||||||
| growth rates | |||||||||||||||||
| Customer Loan Growth | % | ... | 1.59 | -0.986 | -7.78 | -0.911 | 1.78 | ||||||||||
| Retail Loan Growth | % | ... | ... | ... | 7.78 | 8.84 | 1.22 | 1.11 | 12.8 | ||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.70 | 4.90 | ||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -3.96 | 22.3 | ||
| Corporate Loan Growth | % | ... | ... | ... | 1.99 | 2.68 | -12.8 | 4.60 | 27.3 | ||||||||
| Total Asset Growth | % | ... | 9.24 | 5.35 | 3.13 | 11.0 | 3.14 | ||||||||||
| Shareholders' Equity Growth | % | ... | 40.4 | 12.0 | 9.81 | 6.39 | 8.92 | ||||||||||
| Customer Deposit Growth | % | ... | -0.485 | 11.1 | 6.20 | 10.4 | 8.08 | ||||||||||
| Retail Deposit Growth | % | ... | ... | ... | 14.2 | 17.5 | 11.7 | 11.4 | 8.24 | ||||||||
| Corporate Deposit Growth | % | ... | ... | ... | -13.4 | 3.76 | -0.992 | 8.79 | 7.83 | ||||||||
| market share | |||||||||||||||||
| Market Share in Customer Loans | % | 14.1 | 12.3 | 11.6 | 10.6 | 10.2 | |||||||||||
| Market Share in Corporate Loans | % | ... | ... | 15.3 | 14.3 | 13.7 | 15.0 | 18.7 | |||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.5 | 10.2 | 11.7 | ||
| Market Share in Consumer Loans | % | ... | ... | 13.0 | 13.1 | 12.8 | 12.1 | 13.0 | |||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.4 | 14.2 | 14.5 | ||
| Market Share in Total Assets | % | 13.5 | 13.1 | 13.5 | 14.3 | 14.2 | |||||||||||
| Market Share in Customer Deposits | % | 17.0 | 17.1 | 17.4 | 17.8 | 18.1 | |||||||||||
| Market Share in Retail Deposits | % | ... | ... | 14.8 | 15.0 | 16.2 | 16.9 | 17.7 | |||||||||
| Market Share in Corporate Deposits | % | ... | ... | 25.7 | 26.2 | 26.1 | 24.3 | 22.8 |
| ratios | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||||
| ROE | % | 13.9 | 11.1 | 9.11 | 6.67 | 7.81 | |||||||||||
| ROA | % | 2.55 | 2.36 | 2.05 | 1.51 | 1.79 | |||||||||||
| Costs (As % Of Assets) | % | 9.51 | 10.3 | 2.81 | 2.96 | 2.82 | |||||||||||
| Costs (As % Of Income) | % | 70.4 | 72.6 | 40.6 | 45.0 | 43.7 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | 16.8 | 19.8 | 19.9 | 14.5 | 20.7 | |||||
| Net Interest Margin | % | 5.20 | 4.85 | 5.05 | 4.68 | 4.21 | |||||||||||
| Interest Spread | % | ... | 4.51 | 4.07 | 4.39 | 4.24 | 3.89 | ||||||||||
| Asset Yield | % | 8.27 | 7.78 | 7.34 | 6.19 | 5.29 | |||||||||||
| Cost Of Liabilities | % | ... | 3.77 | 3.71 | 2.95 | 1.95 | 1.41 | ||||||||||
| Interest Income (As % Of Revenues) | % | 38.5 | 34.2 | 73.0 | 71.3 | 65.3 | |||||||||||
| Fee Income (As % Of Revenues) | % | 10.7 | 9.80 | 19.0 | 19.1 | 17.6 | |||||||||||
| Other Income (As % Of Revenues) | % | 50.8 | 56.0 | 7.95 | 9.64 | 17.2 | |||||||||||
| Cost Per Employee | USD per month | ... | 1,574 | 1,428 | 1,446 | 1,416 | 1,432 | ||||||||||
| Cost Per Employee (Local Currency) | RSD per month | ... | 115,473 | 125,580 | 123,187 | 129,688 | 151,281 | ||||||||||
| Staff Cost (As % Of Total Cost) | % | 12.4 | 11.4 | 38.1 | 35.4 | 40.4 | |||||||||||
| Equity (As % Of Assets) | % | 20.5 | 21.8 | 23.2 | 22.2 | 23.5 | |||||||||||
| Loans (As % Of Deposits) | % | 119 | 106 | 92.1 | 82.6 | 77.8 | |||||||||||
| Loans (As % Assets) | % | 71.4 | 67.1 | 60.0 | 53.6 | 52.9 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 11.8 | 13.8 | 19.0 | 20.2 | 18.4 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 46.5 | 46.1 | 47.7 | 50.3 | 50.0 | ||||||
| Provisions (As % Of Loans) | % | 5.48 | 6.38 | 9.93 | 11.3 | 10.2 | |||||||||||
| Cost of Provisions (As % Of Loans) | % | 1.53 | 1.93 | 3.02 | 3.60 | 3.04 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||
| Branches | ... | ... | ... | 208 | 199 | 192 | 177 | 170 | |||||||||
| Employees | ... | 3,200 | 3,134 | 3,039 | 3,025 | 3,010 | |||||||||||
| Payment Cards | '000 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,262 | ... | ... | ... | ... | ... |
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - September 17, 2018
Bank Intesa Serbia made a net profit of RSD 11,848 mil under revenues of RSD 30,089 mil in 2017, up 19.4% and 3.55% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RSD 11,848 mil in 2017 and an all time low of ...
By Helgi Library - September 16, 2018
Bank Intesa Serbia's customer deposits reached RSD 397,705 mil in 2017, up 3.72% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. Bank Intesa Serbia account...
By Helgi Library - September 16, 2018
Bank Intesa Serbia's customer loans reached RSD 301,894 mil in 2017, up 11.1% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. Bank Intesa Serbia accounted for...
By Helgi Library - September 16, 2018
Bank Intesa Serbia's customer deposits reached RSD 397,705 mil in 2017, up 3.72% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. Bank Intesa Serbia account...
By Helgi Library - September 16, 2018
Bank Intesa Serbia's customer loans reached RSD 301,894 mil in 2017, up 11.1% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. Bank Intesa Serbia accounted for...
By Helgi Library - September 16, 2018
Bank Intesa Serbia's retail deposits reached RSD 237,664 mil in 2017, up 6.23% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,223 bil in 2017, up 1.09% when compared to the last year. Bank Intesa Serbia accounted f...
By Helgi Library - September 16, 2018
Bank Intesa Serbia's retail deposits reached RSD 237,664 mil in 2017, up 6.23% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,223 bil in 2017, up 1.09% when compared to the last year. Bank Intesa Serbia accounted f...
By Helgi Library - September 17, 2018
Bank Intesa Serbia's cost to income ratio reached 46.5% in 2017, down from 47.8% compared to the previous year. Historically, the bank’s costs reached an all time high of 73.6% of income in 2008 and an all time low of 40.4% in 2005. When compared to total ...
By Helgi Library - September 17, 2018
Bank Intesa Serbia's cost to income ratio reached 46.5% in 2017, down from 47.8% compared to the previous year. Historically, the bank’s costs reached an all time high of 73.6% of income in 2008 and an all time low of 40.4% in 2005. When compared to total ...
By Helgi Library - September 17, 2018
Bank Intesa Serbia's non-performing loans reached 9.25% of total loans at the end of 2017, down from 14.3% compared to the previous year. Historically, the NPL ratio hit an all time high of 20.2% in 2014 and an all time low of 3.91% in 2008. Provision cover...
Bank Intesa a.d. Beograd (or Bank Intesa Serbia) is a Serbia-based universal bank, a subsidiary of the Intesa Group. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. The Bank's deposit products include fixed deposits, fixed foreign exchange deposits, current accounts, and savings accounts. The Bank’s loan portfolio primarily comprises personal, mortgage, housing, investment, short-term, subsidized, refinanced investment, and real estate project financing loans, as well as overdrafts, trade finance, and credit guarantees. At the end of 2013, the Bank operated through 192 branches and employed over 3,000 persons. The Bank was founded in 1991 as Delta Banka and is based in Novi Beograd, Serbia.
Bank Intesa Serbia has been growing its revenues and asset by 1.15% and 11.2% a year on average in the last 10 years. Its loans and deposits have grown by 12.2% and 10.2% a year during that time and loans to deposits ratio reached 75.9% at the end of 2017. The company achieved an average return on equity of 11.0% in the last decade with net profit growing 14.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 46.5% in 2017, compared to 57.8% average in the last decade.
Equity represented 21.1% of total assets or 39.4% of loans at the end of 2017. Bank Intesa Serbia's non-performing loans were 9.25% of total loans while provisions covered some 51.5% of NPLs at the end of 2017.
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