Profit Statement | 2015 | 2016 | 2017 | |
Net Interest Income | EUR mil | 712 | 729 | 783 |
Net Fee Income | EUR mil | 186 | 193 | 217 |
Other Income | EUR mil | 75.0 | 59.1 | 137 |
Total Revenues | EUR mil | 973 | 981 | 1,138 |
Staff Cost | EUR mil | 238 | 268 | 326 |
Operating Profit | EUR mil | 540 | 542 | 609 |
Provisions | EUR mil | 45.8 | 42.7 | 61.8 |
Net Profit | EUR mil | 394 | 474 | 467 |
Balance Sheet | 2015 | 2016 | 2017 | |
Interbank Loans | EUR mil | 1,710 | 1,635 | 3,660 |
Customer Loans | EUR mil | 24,713 | 28,498 | 30,804 |
Total Assets | EUR mil | 35,708 | 39,761 | 46,071 |
Shareholders' Equity | EUR mil | 2,957 | 3,125 | 3,610 |
Interbank Borrowing | EUR mil | 3,586 | 2,064 | 4,009 |
Customer Deposits | EUR mil | 21,692 | 26,030 | 30,947 |
Issued Debt Securities | EUR mil | 3,236 | 4,900 | 4,938 |
Ratios | 2015 | 2016 | 2017 | |
ROE | % | 14.1 | 15.6 | 13.9 |
ROA | % | 1.12 | 1.26 | 1.09 |
Costs (As % Of Assets) | % | 1.23 | 1.16 | 1.23 |
Costs (As % Of Income) | % | 44.5 | 44.8 | 46.5 |
Capital Adequacy Ratio | % | 15.0 | 16.2 | ... |
Net Interest Margin | % | 2.02 | 1.93 | 1.83 |
Loans (As % Of Deposits) | % | 114 | 109 | 99.5 |
NPLs (As % Of Loans) | % | 2.80 | 1.91 | 2.30 |
Provisions (As % Of NPLs) | % | 22.7 | 37.5 | 38.6 |
Valuation | 2015 | 2016 | 2017 | |
Price/Earnings (P/E) | 11.3 | 9.37 | 9.53 | |
Price/Book Value (P/BV) | 1.50 | 1.42 | 1.23 | |
Earnings Per Share (EPS) | 3.94 | 4.74 | 4.67 | |
Book Value Per Share | 29.6 | 31.3 | 36.1 |
Get all company financials in excel:
summary | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||
Net Interest Income | EUR mil | ... | ... | 666 | 712 | ||
Total Revenues | EUR mil | ... | ... | 909 | 973 | ||
Operating Profit | EUR mil | ... | ... | 457 | 540 | ||
Net Profit | EUR mil | ... | ... | 315 | 394 | ||
balance sheet | |||||||
Interbank Loans | EUR mil | ... | ... | 1,518 | 1,710 | ||
Customer Loans | EUR mil | ... | ... | 21,779 | 24,713 | ||
Debt Securities | EUR mil | ... | ... | 9,047 | 6,958 | ||
Total Assets | EUR mil | ... | ... | 34,854 | 35,708 | ||
Shareholders' Equity | EUR mil | ... | ... | 2,619 | 2,957 | ||
Interbank Borrowing | EUR mil | ... | ... | 2,420 | 3,586 | ||
Customer Deposits | EUR mil | ... | ... | 21,127 | 21,692 | ||
Issued Debt Securities | EUR mil | ... | ... | 4,438 | 3,236 | ||
ratios | |||||||
ROE | % | ... | ... | 12.0 | 14.1 | ||
ROA | % | ... | ... | 0.904 | 1.12 | ||
Costs (As % Of Assets) | % | ... | ... | 1.30 | 1.23 | ||
Costs (As % Of Income) | % | ... | ... | 49.7 | 44.5 | ||
Capital Adequacy Ratio | % | ... | ... | 15.9 | 15.0 | ... | |
Net Interest Margin | % | ... | ... | 1.91 | 2.02 | ||
Interest Income (As % Of Revenues) | % | ... | ... | 73.2 | 73.2 | ||
Fee Income (As % Of Revenues) | % | ... | ... | 21.8 | 19.1 | ||
Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 55.0 | ||
Equity (As % Of Assets) | % | ... | ... | 7.51 | 8.28 | ||
Loans (As % Of Deposits) | % | ... | ... | 103 | 114 | ||
Loans (As % Assets) | % | ... | ... | 62.5 | 69.2 | ||
NPLs (As % Of Loans) | % | 5.47 | 4.14 | 3.26 | 2.80 | ||
Provisions (As % Of NPLs) | % | ... | ... | 25.0 | 22.7 | ||
valuation | |||||||
Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | 4,840 | ||
Number Of Shares (Average) | mil | ... | ... | ... | 100 | ||
Share Price (End Of Period) | ... | ... | ... | 44.5 | |||
Earnings Per Share (EPS) | ... | ... | ... | 3.94 | |||
Book Value Per Share | ... | ... | ... | 29.6 | |||
Price/Earnings (P/E) | ... | ... | ... | 11.3 | |||
Price/Book Value (P/BV) | ... | ... | ... | 1.50 | |||
Earnings Per Share Growth | % | ... | ... | ... | ... | ||
Book Value Per Share Growth | % | ... | ... | ... | 6.99 |
income statement | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||
Interest Income | EUR mil | ... | ... | 1,090 | 1,051 | ||
Interest Cost | EUR mil | ... | ... | 424 | 339 | ||
Net Interest Income | EUR mil | ... | ... | 666 | 712 | ||
Net Fee Income | EUR mil | ... | ... | 198 | 186 | ||
Other Income | EUR mil | ... | ... | 45.7 | 75.0 | ||
Total Revenues | EUR mil | ... | ... | 909 | 973 | ||
Staff Cost | EUR mil | ... | ... | ... | 238 | ||
Depreciation | EUR mil | ... | ... | ... | 38.9 | ||
Other Cost | EUR mil | ... | ... | ... | 156 | ||
Operating Cost | EUR mil | ... | ... | 452 | 433 | ||
Operating Profit | EUR mil | ... | ... | 457 | 540 | ||
Provisions | EUR mil | ... | ... | 84.3 | 45.8 | ||
Extra and Other Cost | EUR mil | ... | ... | 56.9 | 75.8 | ||
Pre-Tax Profit | EUR mil | ... | ... | 316 | 419 | ||
Tax | EUR mil | ... | ... | 0.500 | 24.1 | ||
Minorities | EUR mil | ... | ... | 0.700 | 0 | ||
Net Profit | EUR mil | ... | ... | 315 | 394 | ||
growth rates | |||||||
Net Interest Income Growth | % | ... | ... | ... | 6.99 | ||
Net Fee Income Growth | % | ... | ... | ... | -6.02 | ||
Total Revenue Growth | % | ... | ... | ... | 7.03 | ||
Operating Cost Growth | % | ... | ... | ... | -4.16 | ||
Operating Profit Growth | % | ... | ... | ... | 18.1 | ||
Pre-Tax Profit Growth | % | ... | ... | ... | 32.4 | ||
Net Profit Growth | % | ... | ... | ... | 25.2 |
balance sheet | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
balance sheet | |||||||
Cash | EUR mil | ... | ... | 684 | 809 | ||
Interbank Loans | EUR mil | ... | ... | 1,518 | 1,710 | ||
Customer Loans | EUR mil | ... | ... | 21,779 | 24,713 | ||
Retail Loans | EUR mil | 6,966 | 6,964 | 7,402 | 10,464 | ||
Mortgage Loans | EUR mil | 3,985 | 4,235 | 4,598 | 7,236 | ... | |
Consumer Loans | EUR mil | 2,981 | 2,729 | 2,804 | 3,228 | ... | |
Corporate Loans | EUR mil | ... | ... | 14,377 | 14,250 | ||
Debt Securities | EUR mil | ... | ... | 9,047 | 6,958 | ||
Fixed Assets | EUR mil | ... | ... | 139 | 117 | ||
Total Assets | EUR mil | ... | ... | 34,854 | 35,708 | ||
Shareholders' Equity | EUR mil | ... | ... | 2,619 | 2,957 | ||
Of Which Minority Interest | EUR mil | ... | ... | 0 | 1.00 | ||
Liabilities | EUR mil | ... | ... | 32,235 | 32,751 | ||
Interbank Borrowing | EUR mil | ... | ... | 2,420 | 3,586 | ||
Customer Deposits | EUR mil | ... | ... | 21,127 | 21,692 | ||
Retail Deposits | EUR mil | ... | ... | 15,881 | 15,663 | ||
Issued Debt Securities | EUR mil | ... | ... | 4,438 | 3,236 | ||
Other Liabilities | EUR mil | ... | ... | 4,250 | 4,237 | ||
asset quality | |||||||
Non-Performing Loans | EUR mil | 1,253 | 886 | 717 | 696 | ||
Gross Loans | EUR mil | 22,913 | 21,377 | 21,958 | 24,871 | ||
Total Provisions | EUR mil | ... | ... | 179 | 158 | ||
growth rates | |||||||
Customer Loan Growth | % | ... | ... | ... | 13.5 | ||
Retail Loan Growth | % | ... | -0.027 | 6.29 | 41.4 | ||
Mortgage Loan Growth | % | ... | 6.28 | 8.57 | 57.4 | ... | |
Consumer Loan Growth | % | ... | -8.45 | 2.74 | 15.1 | ... | |
Corporate Loan Growth | % | ... | ... | ... | -0.888 | ||
Total Asset Growth | % | ... | ... | ... | 2.45 | ||
Shareholders' Equity Growth | % | ... | ... | ... | 12.9 | ||
Customer Deposit Growth | % | ... | ... | ... | 2.67 | ||
Retail Deposit Growth | % | ... | ... | ... | -1.37 |
ratios | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
ratios | |||||||
ROE | % | ... | ... | 12.0 | 14.1 | ||
ROA | % | ... | ... | 0.904 | 1.12 | ||
Costs (As % Of Assets) | % | ... | ... | 1.30 | 1.23 | ||
Costs (As % Of Income) | % | ... | ... | 49.7 | 44.5 | ||
Capital Adequacy Ratio | % | ... | ... | 15.9 | 15.0 | ... | |
Tier 1 Ratio | % | ... | ... | 12.2 | 12.3 | ||
Net Interest Margin | % | ... | ... | 1.91 | 2.02 | ||
Interest Spread | % | ... | ... | ... | 1.94 | ||
Asset Yield | % | ... | ... | 3.13 | 2.98 | ||
Cost Of Liabilities | % | ... | ... | ... | 1.04 | ||
Interest Income (As % Of Revenues) | % | ... | ... | 73.2 | 73.2 | ||
Fee Income (As % Of Revenues) | % | ... | ... | 21.8 | 19.1 | ||
Other Income (As % Of Revenues) | % | ... | ... | 5.03 | 7.71 | ||
Cost Per Employee | USD per month | ... | ... | ... | 8,695 | ||
Cost Per Employee (Local Currency) | EUR per month | ... | ... | ... | 7,586 | ||
Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 55.0 | ||
Equity (As % Of Assets) | % | ... | ... | 7.51 | 8.28 | ||
Loans (As % Of Deposits) | % | ... | ... | 103 | 114 | ||
Loans (As % Assets) | % | ... | ... | 62.5 | 69.2 | ||
NPLs (As % Of Loans) | % | 5.47 | 4.14 | 3.26 | 2.80 | ||
Provisions (As % Of NPLs) | % | ... | ... | 25.0 | 22.7 | ||
Provisions (As % Of Loans) | % | ... | ... | 0.822 | 0.640 | ||
Cost of Provisions (As % Of Loans) | % | ... | ... | 0.387 | 0.197 |
other data | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
other data | |||||||
Employees | ... | ... | 2,828 | 2,615 |
Get all company financials in excel:
BAWAG Group has been growing its revenues and asset by 7.76% and 9.75% a year on average in the last 3 years. Its loans and deposits have grown by 12.3% and 13.6% a year during that time and loans to deposits ratio reached 99.5% at the end of 2017. The company achieved an average return on equity of 14.5% in the last three years with net profit growing 14.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 46.5% in 2017, compared to 45.3% average in the last three years.
Equity represented 7.84% of total assets or 11.7% of loans at the end of 2017. BAWAG Group's non-performing loans were 2.30% of total loans while provisions covered some 38.6% of NPLs at the end of 2017.
BAWAG Group stock traded at 44.5 per share at the end of 2017 resulting in a market capitalization of USD 5,330 mil. Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 14.5% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 9.53x and price to book value (PBV) of 1.23x in 2017.