By Helgi Library - September 18, 2018
Eurobank Serbia's consumer loans reached RSD 38,258 mil in 2017, up 19.3% compared to the previous year. Serbian banking sector...
By Helgi Library - September 18, 2018
Eurobank Serbia's consumer loans reached RSD 38,258 mil in 2017, up 19.3% compared to the previous year. Serbian banking sector...
By Helgi Library - September 18, 2018
Eurobank Serbia made a net profit of RSD 2,182 mil under revenues of RSD 8,829 mil in 2017, up 5.84% and 3.73% respectively compared ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RSD mil | 7,270 | 6,439 | 6,572 |
| Net Fee Income | RSD mil | 1,825 | 1,984 | 2,150 |
| Other Income | RSD mil | 285 | 88.5 | 107 |
| Total Revenues | RSD mil | 9,379 | 8,511 | 8,829 |
| Staff Cost | RSD mil | 1,774 | 1,819 | 1,909 |
| Operating Profit | RSD mil | 3,904 | 3,032 | 3,218 |
| Provisions | RSD mil | 1,004 | 885 | 699 |
| Net Profit | RSD mil | 2,916 | 2,061 | 2,182 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RSD mil | 10,417 | 12,245 | 14,303 |
| Customer Loans | RSD mil | 87,024 | 94,819 | 106,135 |
| Total Assets | RSD mil | 140,583 | 150,633 | 158,413 |
| Shareholders' Equity | RSD mil | 46,955 | 48,966 | 51,151 |
| Interbank Borrowing | RSD mil | 3,933 | 7,033 | 9,226 |
| Customer Deposits | RSD mil | 88,528 | 93,533 | 96,617 |
| Issued Debt Securities | RSD mil | 75.6 | 31.3 | 13.2 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 6.22 | 4.30 | 4.36 |
| ROA | % | 1.96 | 1.42 | 1.41 |
| Costs (As % Of Assets) | % | 3.68 | 3.76 | 3.63 |
| Costs (As % Of Income) | % | 58.4 | 64.4 | 63.6 |
| Capital Adequacy Ratio | % | 15.9 | 18.5 | 29.2 |
| Net Interest Margin | % | 4.88 | 4.42 | 4.25 |
| Loans (As % Of Deposits) | % | 98.3 | 101 | 110 |
| NPLs (As % Of Loans) | % | 32.7 | 31.5 | 17.5 |
| Provisions (As % Of NPLs) | % | 56.4 | 55.8 | 42.6 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -1.99 | -9.25 | 3.73 |
| Operating Cost Growth | % | -6.33 | 0.094 | 2.41 |
| Operating Profit Growth | % | 4.83 | -22.3 | 6.13 |
| Net Profit Growth | % | -209 | -29.3 | 5.84 |
| Customer Loan Growth | % | -9.21 | 8.96 | 11.9 |
| Total Asset Growth | % | -10.6 | 7.15 | 5.17 |
| Customer Deposit Growth | % | -14.3 | 5.65 | 3.30 |
| Shareholders' Equity Growth | % | 0.279 | 4.28 | 4.46 |
| Employees | 1,500 | 1,450 | 1,467 | |
Get all company financials in excel:
| summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||
| Net Interest Income | RSD mil | 8,143 | 7,091 | 7,499 | 7,504 | 7,270 | ||||||||
| Total Revenues | RSD mil | 10,631 | 9,374 | 9,572 | 9,569 | 9,379 | ||||||||
| Operating Profit | RSD mil | 5,195 | 4,005 | 4,188 | 3,725 | 3,904 | ||||||||
| Net Profit | RSD mil | 2,672 | 1,674 | 1,376 | -2,665 | 2,916 | ||||||||
| balance sheet | ||||||||||||||
| Interbank Loans | RSD mil | 30,022 | 16,526 | 20,248 | 6,345 | 10,417 | ||||||||
| Customer Loans | RSD mil | 99,444 | 104,477 | 92,436 | 95,852 | 87,024 | ||||||||
| Debt Securities | RSD mil | 16,790 | 21,923 | 18,226 | 19,163 | 26,169 | ||||||||
| Total Assets | RSD mil | 160,475 | 168,928 | 167,978 | 157,303 | 140,583 | ||||||||
| Shareholders' Equity | RSD mil | 43,760 | 45,412 | 45,411 | 46,824 | 46,955 | ||||||||
| Interbank Borrowing | RSD mil | 26,895 | 27,758 | 21,585 | 6,246 | 3,933 | ||||||||
| Customer Deposits | RSD mil | 86,536 | 92,891 | 99,865 | 103,332 | 88,528 | ||||||||
| Issued Debt Securities | RSD mil | 0 | 0 | 49.3 | 32.8 | 75.6 | ||||||||
| ratios | ||||||||||||||
| ROE | % | 6.30 | 3.75 | 3.03 | -5.78 | 6.22 | ||||||||
| ROA | % | 1.57 | 1.02 | 0.817 | -1.64 | 1.96 | ||||||||
| Costs (As % Of Assets) | % | 3.18 | 3.26 | 3.20 | 3.59 | 3.68 | ||||||||
| Costs (As % Of Income) | % | 51.1 | 57.3 | 56.2 | 61.1 | 58.4 | ||||||||
| Capital Adequacy Ratio | % | ... | ... | 23.6 | 22.7 | 19.5 | 14.7 | 15.9 | ||||||
| Net Interest Margin | % | 4.77 | 4.31 | 4.45 | 4.61 | 4.88 | ||||||||
| Interest Income (As % Of Revenues) | % | 76.6 | 75.7 | 78.3 | 78.4 | 77.5 | ||||||||
| Fee Income (As % Of Revenues) | % | 17.6 | 20.9 | 19.6 | 19.2 | 19.5 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 38.3 | 37.4 | 36.0 | 31.4 | 32.4 | ||||||||
| Equity (As % Of Assets) | % | 27.3 | 26.9 | 27.0 | 29.8 | 33.4 | ||||||||
| Loans (As % Of Deposits) | % | 115 | 112 | 92.6 | 92.8 | 98.3 | ||||||||
| Loans (As % Assets) | % | 62.0 | 61.8 | 55.0 | 60.9 | 61.9 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | 9.59 | 14.1 | 19.7 | 29.0 | 32.7 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | 65.9 | 55.3 | 63.6 | 65.6 | 56.4 | ||||||
| valuation | ||||||||||||||
| Book Value Per Share Growth | % | ... | 6.62 | -12.9 | 5.75 | 0.067 | -3.12 |
| income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||
| Interest Income | RSD mil | 13,398 | 12,270 | 12,102 | 10,279 | 8,649 | ||||||||
| Interest Cost | RSD mil | 5,255 | 5,179 | 4,603 | 2,776 | 1,380 | ||||||||
| Net Interest Income | RSD mil | 8,143 | 7,091 | 7,499 | 7,504 | 7,270 | ||||||||
| Net Fee Income | RSD mil | 1,875 | 1,954 | 1,880 | 1,842 | 1,825 | ||||||||
| Other Income | RSD mil | 613 | 328 | 194 | 224 | 285 | ||||||||
| Total Revenues | RSD mil | 10,631 | 9,374 | 9,572 | 9,569 | 9,379 | ||||||||
| Staff Cost | RSD mil | 2,080 | 2,006 | 1,937 | 1,834 | 1,774 | ||||||||
| Depreciation | RSD mil | 392 | 402 | 418 | 437 | 410 | ||||||||
| Other Cost | RSD mil | 2,963 | 2,961 | 3,029 | 3,573 | 3,290 | ||||||||
| Operating Cost | RSD mil | 5,435 | 5,369 | 5,384 | 5,844 | 5,474 | ||||||||
| Operating Profit | RSD mil | 5,195 | 4,005 | 4,188 | 3,725 | 3,904 | ||||||||
| Provisions | RSD mil | 2,298 | 2,108 | 2,859 | 6,382 | 1,004 | ||||||||
| Extra and Other Cost | RSD mil | -0.194 | 0.114 | 0.001 | 0 | 0 | ||||||||
| Pre-Tax Profit | RSD mil | 2,898 | 1,897 | 1,329 | -2,657 | 2,901 | ||||||||
| Tax | RSD mil | 226 | 223 | -47.1 | 7.57 | -15.7 | ||||||||
| Minorities | RSD mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Net Profit | RSD mil | 2,672 | 1,674 | 1,376 | -2,665 | 2,916 | ||||||||
| growth rates | ||||||||||||||
| Net Interest Income Growth | % | ... | 6.62 | -12.9 | 5.75 | 0.067 | -3.12 | |||||||
| Net Fee Income Growth | % | ... | -12.3 | 4.26 | -3.82 | -2.03 | -0.927 | |||||||
| Total Revenue Growth | % | ... | -1.68 | -11.8 | 2.12 | -0.032 | -1.99 | |||||||
| Operating Cost Growth | % | ... | -5.56 | -1.22 | 0.282 | 8.55 | -6.33 | |||||||
| Operating Profit Growth | % | ... | 2.75 | -22.9 | 4.58 | -11.1 | 4.83 | |||||||
| Pre-Tax Profit Growth | % | ... | 6.01 | -34.5 | -29.9 | -300 | -209 | |||||||
| Net Profit Growth | % | ... | 1.96 | -37.4 | -17.8 | -294 | -209 | |||||||
| market share | ||||||||||||||
| Market Share in Revenues | % | 6.45 | 5.54 | 5.88 | 5.48 | 5.11 | ||||||||
| Market Share in Net Profit | % | ... | ... | 214 | 14.4 | ... | ... | 39.1 | ||||||
| Market Share in Employees | % | 5.27 | 5.33 | 5.87 | 6.17 | 6.18 | ||||||||
| Market Share in Branches | % | ... | 4.49 | 4.77 | 5.28 | 5.60 | 5.49 |
| balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||||
| Cash | RSD mil | 6,144 | 18,611 | 32,662 | 32,536 | 21,255 | ||||||||
| Interbank Loans | RSD mil | 30,022 | 16,526 | 20,248 | 6,345 | 10,417 | ||||||||
| Customer Loans | RSD mil | 99,444 | 104,477 | 92,436 | 95,852 | 87,024 | ||||||||
| Retail Loans | RSD mil | 43,000 | 44,416 | 43,606 | 47,586 | 50,248 | ||||||||
| Mortgage Loans | RSD mil | 23,500 | 24,090 | 22,595 | 22,708 | 22,315 | ||||||||
| Consumer Loans | RSD mil | 19,500 | 20,326 | 21,011 | 24,878 | 27,933 | ||||||||
| Corporate Loans | RSD mil | 63,155 | 68,932 | 62,087 | 58,473 | 56,492 | ||||||||
| Debt Securities | RSD mil | 16,790 | 21,923 | 18,226 | 19,163 | 26,169 | ||||||||
| Fixed Assets | RSD mil | 5,615 | 5,650 | 5,650 | 5,731 | 5,531 | ||||||||
| Total Assets | RSD mil | 160,475 | 168,928 | 167,978 | 157,303 | 140,583 | ||||||||
| Shareholders' Equity | RSD mil | 43,760 | 45,412 | 45,411 | 46,824 | 46,955 | ||||||||
| Of Which Minority Interest | RSD mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Liabilities | RSD mil | 116,715 | 123,516 | 122,567 | 110,479 | 93,628 | ||||||||
| Interbank Borrowing | RSD mil | 26,895 | 27,758 | 21,585 | 6,246 | 3,933 | ||||||||
| Customer Deposits | RSD mil | 86,536 | 92,891 | 99,865 | 103,332 | 88,528 | ||||||||
| Retail Deposits | RSD mil | 58,000 | 66,991 | 72,865 | 77,465 | 64,528 | ||||||||
| Corporate Deposits | RSD mil | 28,536 | 25,901 | 27,000 | 25,867 | 24,000 | ||||||||
| Issued Debt Securities | RSD mil | 0 | 0 | 49.3 | 32.8 | 75.6 | ||||||||
| Other Liabilities | RSD mil | 3,284 | 2,867 | 1,068 | 868 | 1,091 | ||||||||
| asset quality | ||||||||||||||
| Non-Performing Loans | RSD mil | ... | ... | 10,182 | 16,027 | 20,846 | 30,781 | 34,940 | ||||||
| Gross Loans | RSD mil | 106,155 | 113,347 | 105,693 | 106,058 | 106,740 | ||||||||
| Total Provisions | RSD mil | 6,711 | 8,870 | 13,256 | 20,206 | 19,716 | ||||||||
| growth rates | ||||||||||||||
| Customer Loan Growth | % | ... | -22.7 | 5.06 | -11.5 | 3.70 | -9.21 | |||||||
| Retail Loan Growth | % | ... | 1.15 | 3.29 | -1.82 | 9.13 | 5.59 | |||||||
| Mortgage Loan Growth | % | ... | 0.732 | 2.51 | -6.21 | 0.500 | -1.73 | |||||||
| Consumer Loan Growth | % | ... | 1.66 | 4.23 | 3.37 | 18.4 | 12.3 | |||||||
| Corporate Loan Growth | % | ... | -30.5 | 9.15 | -9.93 | -5.82 | -3.39 | |||||||
| Total Asset Growth | % | ... | -11.3 | 5.27 | -0.562 | -6.35 | -10.6 | |||||||
| Shareholders' Equity Growth | % | ... | 6.55 | 3.77 | -0.001 | 3.11 | 0.279 | |||||||
| Customer Deposit Growth | % | ... | -25.1 | 7.34 | 7.51 | 3.47 | -14.3 | |||||||
| Retail Deposit Growth | % | ... | -4.91 | 15.5 | 8.77 | 6.31 | -16.7 | |||||||
| Corporate Deposit Growth | % | ... | -47.7 | -9.23 | 4.24 | -4.20 | -7.22 | |||||||
| market share | ||||||||||||||
| Market Share in Customer Loans | % | 5.00 | 4.64 | 4.19 | 4.02 | 3.45 | ||||||||
| Market Share in Corporate Loans | % | 6.21 | 6.16 | 6.13 | 6.02 | 5.69 | ||||||||
| Market Share in Retail Loans | % | 5.99 | 5.93 | 5.86 | 6.42 | 6.77 | ||||||||
| Market Share in Consumer Loans | % | 7.15 | 6.81 | 6.47 | 6.57 | 6.62 | ||||||||
| Market Share in Mortgage Loans | % | 8.52 | 7.78 | 7.17 | 6.74 | 6.44 | ||||||||
| Market Share in Total Assets | % | 5.53 | 5.35 | 5.33 | 4.76 | 4.10 | ||||||||
| Market Share in Customer Deposits | % | 6.24 | 6.07 | 6.26 | 6.02 | 4.84 | ||||||||
| Market Share in Retail Deposits | % | 6.78 | 6.78 | 7.12 | 7.07 | 5.70 | ||||||||
| Market Share in Corporate Deposits | % | 6.74 | 6.00 | 6.29 | 5.17 | 4.16 |
| ratios | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||||
| ROE | % | 6.30 | 3.75 | 3.03 | -5.78 | 6.22 | ||||||||
| ROA | % | 1.57 | 1.02 | 0.817 | -1.64 | 1.96 | ||||||||
| Costs (As % Of Assets) | % | 3.18 | 3.26 | 3.20 | 3.59 | 3.68 | ||||||||
| Costs (As % Of Income) | % | 51.1 | 57.3 | 56.2 | 61.1 | 58.4 | ||||||||
| Capital Adequacy Ratio | % | ... | ... | 23.6 | 22.7 | 19.5 | 14.7 | 15.9 | ||||||
| Net Interest Margin | % | 4.77 | 4.31 | 4.45 | 4.61 | 4.88 | ||||||||
| Interest Spread | % | ... | 3.75 | 3.14 | 3.44 | 3.94 | 4.46 | |||||||
| Asset Yield | % | 7.85 | 7.45 | 7.18 | 6.32 | 5.81 | ||||||||
| Cost Of Liabilities | % | ... | 4.10 | 4.31 | 3.74 | 2.38 | 1.35 | |||||||
| Interest Income (As % Of Revenues) | % | 76.6 | 75.7 | 78.3 | 78.4 | 77.5 | ||||||||
| Fee Income (As % Of Revenues) | % | 17.6 | 20.9 | 19.6 | 19.2 | 19.5 | ||||||||
| Other Income (As % Of Revenues) | % | 5.76 | 3.50 | 2.02 | 2.34 | 3.03 | ||||||||
| Cost Per Employee | USD per month | 1,535 | 1,257 | 1,224 | 1,078 | 933 | ||||||||
| Cost Per Employee (Local Currency) | RSD per month | 112,645 | 110,550 | 104,272 | 98,718 | 98,576 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 38.3 | 37.4 | 36.0 | 31.4 | 32.4 | ||||||||
| Equity (As % Of Assets) | % | 27.3 | 26.9 | 27.0 | 29.8 | 33.4 | ||||||||
| Loans (As % Of Deposits) | % | 115 | 112 | 92.6 | 92.8 | 98.3 | ||||||||
| Loans (As % Assets) | % | 62.0 | 61.8 | 55.0 | 60.9 | 61.9 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | 9.59 | 14.1 | 19.7 | 29.0 | 32.7 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | 65.9 | 55.3 | 63.6 | 65.6 | 56.4 | ||||||
| Provisions (As % Of Loans) | % | 6.75 | 8.49 | 14.3 | 21.1 | 22.7 | ||||||||
| Cost of Provisions (As % Of Loans) | % | 2.01 | 2.07 | 2.90 | 6.78 | 1.10 |
Get all company financials in excel:
By Helgi Library - September 18, 2018
Eurobank Serbia made a net profit of RSD 2,182 mil under revenues of RSD 8,829 mil in 2017, up 5.84% and 3.73% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RSD 4,073 mil in 2008 and an all time low of RSD...
By Helgi Library - September 18, 2018
Eurobank Serbia's non-performing loans reached 17.5% of total loans at the end of 2017, down from 31.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 32.7% in 2015 and an all time low of 2.63% in 2008. Provision coverage...
By Helgi Library - September 18, 2018
Eurobank Serbia's non-performing loans reached 17.5% of total loans at the end of 2017, down from 31.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 32.7% in 2015 and an all time low of 2.63% in 2008. Provision coverage...
By Helgi Library - September 18, 2018
Eurobank Serbia's mortgage loans reached RSD 18,852 mil in 2017, down 14.0% compared to the previous year. Serbian banking sector provided mortgage loans of RSD 356 bil in 2017, down 1.10% when compared to the last year. Eurobank Serbia accounted for 5.30...
By Helgi Library - September 18, 2018
Eurobank Serbia's mortgage loans reached RSD 18,852 mil in 2017, down 14.0% compared to the previous year. Serbian banking sector provided mortgage loans of RSD 356 bil in 2017, down 1.10% when compared to the last year. Eurobank Serbia accounted for 5.30...
By Helgi Library - September 18, 2018
Eurobank Serbia employed 1,467 persons in 2017, up 1.17% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,619 persons in 2010 and an all time low of 1,369 in 2007. Average cost reached USD 1,006 per month per employ...
By Helgi Library - September 18, 2018
Eurobank Serbia employed 1,467 persons in 2017, up 1.17% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,619 persons in 2010 and an all time low of 1,369 in 2007. Average cost reached USD 1,006 per month per employ...
By Helgi Library - September 18, 2018
Eurobank Serbia generated total banking revenues of RSD 8,829 mil in 2017, up 3.73% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 197,856 mil in 2017, up 7.42% when compared to the last year. ...
By Helgi Library - September 18, 2018
Eurobank Serbia generated total banking revenues of RSD 8,829 mil in 2017, up 3.73% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 197,856 mil in 2017, up 7.42% when compared to the last year. ...
By Helgi Library - September 18, 2018
Eurobank Serbia's net interest margin amounted to 4.25% in 2017, down from 4.42% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 8.14% in 2008 and an all time low of 4.25% in 2017. The average marg...
Eurobank Serbia is a medium-sized universal bank. 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 105 branches and employed nearly 1,500 persons serving over 900,000 clients. After two acquisitions (Postbank & National Savings Bank), Eurobank today holds aound 5% of the Serbian banking market.
Eurobank Serbia has been growing its revenues and asset by 3.13% and 6.54% a year on average in the last 10 years. Its loans and deposits have grown by 7.42% and 4.94% a year during that time and loans to deposits ratio reached 110% at the end of 2017. The company achieved an average return on equity of 5.02% in the last decade with net profit growing 5.16% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.6% in 2017, compared to 56.3% average in the last decade.
Equity represented 32.3% of total assets or 48.2% of loans at the end of 2017. Eurobank Serbia's non-performing loans were 17.5% of total loans while provisions covered some 42.6% of NPLs at the end of 2017.
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