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Banka Creditas

Creditas's total revenues rose 50.2% yoy to CZK 659 mil in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas generated total banking revenues of CZK 659 mil in 2023-12-31, up 36.7% compared to the previous year. Czec...

Creditas's customer deposits rose 34.3% yoy to CZK 115,444 mil in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas's customer deposits reached CZK 115,444 mil in 2023-12-31, up 2.70% compared to the previous year. Czech banking...

Creditas's customer loans rose 25.3% yoy to CZK 30,500 mil in 3Q2023

By Helgi Library - May 8, 2024

Banka Creditas's customer loans reached CZK 30,500 mil in 2023-09-30, up 5.17% compared to the previous year. Czech banking sec...

Annual Quarterly LTM
Profit Statement 2021 2022 2023
Net Interest Income CZK mil 941 1,615 2,293
Net Fee Income CZK mil 14.4 34.3 69.0
Other Income CZK mil -6.50 109 518
Total Revenues CZK mil 949 1,758 2,880
Staff Cost CZK mil 348 519 781
Operating Profit CZK mil 83.0 558 1,028
Provisions CZK mil 59.4 181 -112
Net Profit CZK mil 23.3 1,595 1,038
Balance Sheet 2021 2022 2023
Interbank Loans CZK mil 23,758 72,126 120,120
Customer Loans CZK mil 23,375 30,159 34,866
Investments CZK mil 13,572 19,784 28,237
Total Assets CZK mil 62,883 126,258 191,080
Shareholders' Equity CZK mil 4,562 6,192 10,244
Interbank Borrowing CZK mil 369 2,649 146
Customer Deposits CZK mil 56,131 114,050 175,564
Issued Debt Securities CZK mil 1,202 1,967 3,901
Ratios 2021 2022 2023
ROE % 0.512 29.7 12.6
ROA % 0.036 1.69 0.654
Costs (As % Of Assets) % 1.34 1.27 1.17
Costs (As % Of Income) % 91.3 68.2 64.3
Capital Adequacy Ratio % 21.4 26.5 33.8
Net Interest Margin % 1.45 1.71 1.45
Loans (As % Of Deposits) % 41.6 26.4 19.9
NPLs (As % Of Loans) % 8.78 5.67 2.50
Provisions (As % Of NPLs) % 21.1 34.3 53.1
Growth Rates 2021 2022 2023
Total Revenue Growth % -13.1 85.2 63.8
Operating Cost Growth % 5.42 38.5 54.4
Operating Profit Growth % -69.3 573 84.1
Net Profit Growth % -79.6 6,745 -34.9
Customer Loan Growth % 48.5 29.0 15.6
Total Asset Growth % -5.73 101 51.3
Customer Deposit Growth % -8.61 103 53.9
Shareholders' Equity Growth % 0.529 35.7 65.4
Employees 421 649 659

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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                               338 775 1,035 905 941    
Total Revenues CZK mil                               410 796 1,109 1,092 949    
Operating Profit CZK mil                               -28.3 263 367 271 83.0    
Net Profit CZK mil                               66.2 171 263 114 23.3    
balance sheet                                            
Interbank Loans CZK mil                               18,025 23,809 53,712 42,700 23,758    
Customer Loans CZK mil                               11,334 13,840 14,664 15,739 23,375    
Investments CZK mil                               864 1,676 2,635 6,280 13,572    
Total Assets CZK mil                               31,697 40,968 73,387 66,707 62,883    
                                               
Shareholders' Equity CZK mil                               2,243 3,411 4,424 4,538 4,562    
Interbank Borrowing CZK mil                               4,007 2,405 0.600 45.6 369    
Customer Deposits CZK mil                               25,349 35,002 68,525 61,416 56,131    
Issued Debt Securities CZK mil                               28.9 16.1 0 327 1,202    
ratios                                            
ROE % ...                             3.49 6.06 6.71 2.55 0.512    
ROA % ...                             0.305 0.471 0.459 0.163 0.036    
Costs (As % Of Assets) % ...                             2.02 1.47 1.30 1.17 1.34    
Costs (As % Of Income) %                               107 67.0 66.9 75.2 91.3    
Capital Adequacy Ratio % ... ... ... ... ...                     12.5 16.5 19.5 20.1 21.4    
Net Interest Margin % ...                             1.56 2.13 1.81 1.29 1.45    
Interest Income (As % Of Revenues) %                               82.4 97.4 93.3 82.8 99.2    
Fee Income (As % Of Revenues) %                               -1.44 -1.17 0.712 0.439 1.52    
Staff Cost (As % Of Total Cost) %                               36.1 35.6 35.4 33.7 40.2    
Equity (As % Of Assets) %                               7.08 8.33 6.03 6.80 7.25    
Loans (As % Of Deposits) %                               44.7 39.5 21.4 25.6 41.6    
Loans (As % Assets) %                               35.8 33.8 20.0 23.6 37.2    
NPLs (As % Of Loans) % ... ... ... ... ...                     9.76 7.65 8.68 17.5 8.78    
Provisions (As % Of NPLs) % ... ... ... ... ...                     17.6 26.6 24.6 14.8 21.1    
valuation                                            
Book Value Per Share Growth % ...                             9.88 129 33.5 -12.6 4.03    
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                               655 1,056 1,776 1,581 1,437    
Interest Cost CZK mil                               317 281 741 676 495    
Net Interest Income CZK mil                               338 775 1,035 905 941    
Net Fee Income CZK mil                               -5.90 -9.30 7.90 4.80 14.4    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 42.6 38.8 53.2    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 34.7 34.0 38.8    
Other Income CZK mil                               78.1 30.0 66.0 183 -6.50    
Total Revenues CZK mil                               410 796 1,109 1,092 949    
Staff Cost CZK mil                               158 190 263 277 348    
Depreciation CZK mil                               51.7 92.5 180 231 245    
Other Cost CZK mil                               229 251 299 314 273    
Operating Cost CZK mil                               439 533 742 822 866    
Operating Profit CZK mil                               -28.3 263 367 271 83.0    
Provisions CZK mil                               -103 35.4 30.9 106 59.4    
Extra and Other Cost CZK mil                               0 0 0 0 -1.60    
Pre-Tax Profit CZK mil                               74.8 227 336 165 25.2    
Tax CZK mil                               8.60 55.8 73.7 50.2 1.90    
Minorities CZK mil                               0 0 0 0 0    
Net Profit CZK mil                               66.2 171 263 114 23.3    
Net Profit Avail. to Common CZK mil                               66.2 171 263 114 23.3    
growth rates                                            
Net Interest Income Growth % ...                             9.88 129 33.5 -12.6 4.03    
Net Fee Income Growth % ...                             5.36 57.6 -185 -39.2 200    
Total Revenue Growth % ...                             21.4 94.0 39.3 -1.51 -13.1    
Operating Cost Growth % ...                             39.2 21.6 39.1 10.8 5.42    
Operating Profit Growth % ...                             -223 -1,028 39.9 -26.3 -69.3    
Pre-Tax Profit Growth % ...                             2,393 204 48.1 -51.1 -84.7    
Net Profit Growth % ...                             266 159 53.4 -56.5 -79.6    
market share                                            
Market Share in Revenues %                               0.229 0.418 0.549 0.605 0.515    
Market Share in Net Profit %                               0.088 0.210 0.288 0.241 0.033    
Market Share in Employees % ... ... ... ... ...                     0.537 0.697 0.878 0.948 1.06    
Market Share in Branches % ... ... ... ... ...                     0.823 1.07 1.84 2.08 2.32    
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                               752 1,027 1,477 1,082 920    
Interbank Loans CZK mil                               18,025 23,809 53,712 42,700 23,758    
Customer Loans CZK mil                               11,334 13,840 14,664 15,739 23,375    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...             188 256 211 670 4,367    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...             11,344 13,872 14,773 15,489 19,448    
Investments CZK mil                               864 1,676 2,635 6,280 13,572    
Property and Equipment CZK mil                               125 353 469 405 766    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 224 242 239    
Goodwill CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 58.2    
Total Assets CZK mil                               31,697 40,968 73,387 66,707 62,883    
                                               
Shareholders' Equity CZK mil                               2,243 3,411 4,424 4,538 4,562    
Of Which Minority Interest CZK mil                               0 0 0 0 0    
Liabilities CZK mil                               29,454 37,557 68,963 62,169 58,321    
Interbank Borrowing CZK mil                               4,007 2,405 0.600 45.6 369    
Customer Deposits CZK mil                               25,349 35,002 68,525 61,416 56,131    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10,142 18,272 7,520 8,521    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 24,860 50,253 53,897 47,610    
Issued Debt Securities CZK mil                               28.9 16.1 0 327 1,202    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 327 1,202    
Other Liabilities CZK mil                               69.4 134 438 380 618    
asset quality                                            
Non-Performing Loans CZK mil ... ... ... ... ...                     1,126 1,081 1,300 2,826 2,091    
Gross Loans CZK mil ... ... ... ... ...                     11,532 14,128 14,984 16,159 23,815    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ...         16,189 18,639 21,104 22,160 26,856    
Total Provisions CZK mil ... ... ... ... ...                     198 287 320 420 441    
growth rates                                            
Customer Loan Growth % ...                             41.6 22.1 5.95 7.34 48.5    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...           -28.4 36.1 -17.7 218 552    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...           41.1 22.3 6.50 4.84 25.6    
Total Asset Growth % ...                             170 29.2 79.1 -9.10 -5.73    
Shareholders' Equity Growth % ...                             45.0 52.1 29.7 2.58 0.529    
Customer Deposit Growth % ...                             151 38.1 95.8 -10.4 -8.61    
market share                                            
Market Share in Customer Loans %                               0.367 0.419 0.425 0.438 0.607   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...             1.11 1.28 1.32 1.38 1.64    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...             0.012 0.016 0.012 0.036 0.214    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...             0.012 0.016 0.012 0.036 0.214 ... ...
Market Share in Total Assets %                               0.453 0.563 0.970 0.837 0.738    
Market Share in Customer Deposits %                               0.608 0.787 1.45 1.19 1.02    
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 % ...                             3.49 6.06 6.71 2.55 0.512    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.69 0.541    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...       3.31 6.56 8.81 3.52 0.634    
ROA % ...                             0.305 0.471 0.459 0.163 0.036    
Return on Loans %                               0.685 1.36 1.84 0.752 0.119    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...       -0.212 1.51 1.85 1.25 0.339    
Costs (As % Of Assets) % ...                             2.02 1.47 1.30 1.17 1.34    
Costs (As % Of Income) %                               107 67.0 66.9 75.2 91.3    
Costs (As % Of Loans) % ...                             4.54 4.24 5.20 5.40 4.43    
Costs (As % Of Loans & Deposits) % ...                             1.60 1.25 1.12 1.02 1.11    
Capital Adequacy Ratio % ... ... ... ... ...                     12.5 16.5 19.5 20.1 21.4    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ...         12.5 16.5 19.5 18.7 17.2    
Net Interest Margin % ...                             1.56 2.13 1.81 1.29 1.45    
Interest Spread % ...                             1.42 2.07 1.72 1.23 1.39    
Asset Yield % ...                             3.02 2.91 3.11 2.26 2.22    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...       3.07 4.57 5.58 5.05 3.87    
Cost Of Liabilities % ...                             1.60 0.839 1.39 1.03 0.822    
Interest Income (As % Of Revenues) %                               82.4 97.4 93.3 82.8 99.2    
Fee Income (As % Of Revenues) %                               -1.44 -1.17 0.712 0.439 1.52    
Other Income (As % Of Revenues) %                               19.0 3.77 5.95 16.7 -0.685    
Staff Cost (As % Of Total Cost) %                               36.1 35.6 35.4 33.7 40.2    
Equity (As % Of Assets) %                               7.08 8.33 6.03 6.80 7.25    
Equity (As % Of Loans) %                               19.8 24.6 30.2 28.8 19.5    
Loans (As % Of Deposits) %                               44.7 39.5 21.4 25.6 41.6    
Loans (As % Assets) %                               35.8 33.8 20.0 23.6 37.2    
NPLs (As % Of Loans) % ... ... ... ... ...                     9.76 7.65 8.68 17.5 8.78    
Provisions (As % Of NPLs) % ... ... ... ... ...                     17.6 26.6 24.6 14.8 21.1    
Provisions (As % Of Loans) % ... ... ... ... ...                     1.75 2.07 2.18 2.67 1.88    
Cost of Provisions (As % Of Loans) % ...                             -1.07 0.281 0.217 0.699 0.304    
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 ... ... ... ... ...                     16.0 21.0 35.0 35.0 37.0    
Employees ... ... ... ... ...                     225 292 365 386 421    
Employees Per Bank Branch ... ... ... ... ...                     14.1 13.9 10.4 11.0 11.4    
Cost Per Employee USD per month ... ... ... ... ...                     2,500 2,477 2,661 2,717 3,177    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ...                     58,667 54,195 59,977 59,780 68,844    
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
                                             
Customers mil ... ... ... ... ...                     0.040 0.056 0.090 0.109 0.130    
Revenue per Customer (Local Currency) CZK ... ... ... ... ...                     10,387 14,213 12,322 10,006 7,301    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ...                     1,676 3,059 2,919 1,047 179    
Loan per Customer (Local Currency) CZK ... ... ... ... ...                     286,939 247,150 162,928 144,175 179,806    
Deposit per Customer (Local Currency) CZK ... ... ... ... ...                     641,739 625,034 761,389 562,591 431,777    
Revenue per Customer USD ... ... ... ... ...                     443 650 547 455 337    
Net Profit per Customer USD ... ... ... ... ...                     71.4 140 129 47.6 8.27    
Loan per Customer USD ... ... ... ... ...                     13,477 11,001 7,203 6,741 8,191    
Deposit per Customer USD ... ... ... ... ...                     30,141 27,821 33,658 26,305 19,670    

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Creditas's capital adequacy ratio rose 27.9% yoy to 33.8% in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas's capital adequacy ratio reached 33.8% at the end of fourth quarter of 2023, up from 26.7% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 33.8% in 4Q2023 and an all time low of 10.4% in 1Q2014. ...

Creditas's npls (as % of loans) fell 51.4% yoy to 2.74% in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas's non-performing loans reached 2.74% of total loans at the end of 2023-12-31, down from 5.62% compared to the previous year. Historically, the NPL ratio hit an all time high of 36.9% in 2012-03-31 and an all time low of 1.40% in 2010-09-30. P...

Creditas's net interest margin fell 9.56% yoy to 1.20% in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas's net interest margin amounted to 1.20% in the fourth quarter of 2023, down from 1.30% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 8.18% in 4Q2011 and an all time low of ...

Creditas's employees fell 1.52% yoy to 453 in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas employed 453 persons in 2023-12-31, up 0.667% when compared to the previous year. Historically, the bank's workforce hit an all time high of 470 persons in 2023-06-30 and an all time low of 10.0 in 2008-12-31. Average cost reached USD 4,618 per mont...

Creditas's retail loans rose 38.6% yoy to CZK 9,861 mil in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas's retail loans reached CZK 9,861 mil in the fourth quarter of 2023, down 10.4% 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. Banka Creditas ac...

Creditas's net profit rose 1,135% yoy to CZK 232 mil in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas made a net profit of CZK 232 mil in the fourth quarter of 2023, up 1% when compared to the same period of last year. This implies a return on equity of 10.1%. Historically, the bank’s net profit reached an all time high of CZK 1,450 mil in 3Q2022 a...

Creditas's net profit rose 1,135% yoy to CZK 232 mil in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas made a net profit of CZK 232 mil under revenues of CZK 659 mil in the fourth quarter of 2023, up 1% and 50.2% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK 1,450 mil...

Creditas's net interest income rose 26.9% yoy to CZK 379 mil in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas generated total banking revenues of CZK 659 mil in the fourth quarter of 2023, up 50.2% when compared to the same period of last year and 36.7% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

Creditas's costs (as % of assets) fell 20.6% yoy to 1.25% in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas's cost to income ratio reached 59.6% in the fourth quarter of 2023, down from 67.0% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 233% of income in 2Q2010 and an all time low of -1,085% in 3Q...

Creditas's customer loan growth rose 218% yoy to 27.8% in 4Q2023

By Helgi Library - May 8, 2024

Banka Creditas's customer loan growth reached 27.8% in 2023-12-31, up from 8.73% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 360% in 2011-03-31 and an all time low of -10.8% in 2015-06-30. In the last d...

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Banka Creditas is a small-sized bank based in the Czech Republic. Before getting a banking license in 2016, Creditas operated as a savings institution Záložna Creditas, which was one of the largest credit unions in the country. From a small Company with regional operations, it transformed into the financial institution with nationwide operations. The Credit union is now Company with a branch network throughout the whole Czech Republic with a complete portfolio of products for both individuals and legal entities, including current accounts administration, savings, loan products, internet banking and MasterCard payment cards. It is member of the UNICAPITAL investment group.

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Finance

Banka Creditas has been growing its revenues and asset by 21.7% and 34.7% a year on average in the last 10 years. Its loans and deposits have grown by 16.3% and 35.4% a year during that time and loans to deposits ratio reached 19.9% at the end of 2023. The company achieved an average return on equity of 6.61% in the last decade with net profit growing 152% a year on average. In terms of operating efficiency, its cost to income ratio reached 64.3% in 2023, compared to 78.9% average in the last decade.

Equity represented 5.36% of total assets or 29.4% of loans at the end of 2023. Banka Creditas's non-performing loans were 2.50% of total loans while provisions covered some 53.1% of NPLs at the end of 2023.

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