By Helgi Library - October 3, 2021
FCM Bank made a net profit of EUR 3.87 mil under revenues of EUR 10.0 mil in 2023, up 20.8% and 17.2% respectively compared to the pr...
By Helgi Library - October 3, 2021
FCM Bank made a net profit of EUR 3.87 mil under revenues of EUR 10.0 mil in 2023, up 20.8% and 17.2% respectively compared to the pr...
By Helgi Library - October 3, 2021
FCM Bank's net interest margin amounted to 2.05% in 2023, down from 2.23% compared to the previous year. Historically, the...
| Profit Statement | 2021 | 2022 | 2023 | |
| Net Interest Income | EUR mil | 3.75 | 7.73 | 9.00 |
| Net Fee Income | EUR mil | 0.616 | 0.746 | 0.900 |
| Other Income | EUR mil | 0.729 | 0.059 | 0.100 |
| Total Revenues | EUR mil | 5.09 | 8.54 | 10.0 |
| Staff Cost | EUR mil | 1.98 | 2.63 | 3.03 |
| Operating Profit | EUR mil | 1.19 | 3.38 | 4.17 |
| Provisions | EUR mil | 0.147 | 0.180 | 0.300 |
| Net Profit | EUR mil | 1.04 | 3.20 | 3.87 |
| Balance Sheet | 2021 | 2022 | 2023 | |
| Interbank Loans | EUR mil | 38.4 | 38.4 | 38.4 |
| Customer Loans | EUR mil | 145 | 253 | 300 |
| Investments | EUR mil | 79.2 | 79.2 | 79.2 |
| Total Assets | EUR mil | 288 | 405 | 475 |
| Shareholders' Equity | EUR mil | 43.9 | 46.5 | 50.4 |
| Interbank Borrowing | EUR mil | 95.2 | 76.5 | 70.0 |
| Customer Deposits | EUR mil | 148 | 281 | 350 |
| Issued Debt Securities | EUR mil | 0 | 0 | 0 |
| Ratios | 2021 | 2022 | 2023 | |
| ROE | % | 3.21 | 7.09 | 7.99 |
| ROA | % | 0.517 | 0.924 | 0.879 |
| Costs (As % Of Assets) | % | 1.94 | 1.49 | 1.33 |
| Costs (As % Of Income) | % | 76.7 | 60.4 | 58.3 |
| Capital Adequacy Ratio | % | ... | ... | ... |
| Net Interest Margin | % | 1.86 | 2.23 | 2.05 |
| Loans (As % Of Deposits) | % | 97.5 | 89.9 | 85.7 |
| NPLs (As % Of Loans) | % | 5.17 | 4.79 | 4.47 |
| Provisions (As % Of NPLs) | % | 5.08 | 4.27 | 5.56 |
| Valuation | 2021 | 2022 | 2023 | |
| Market Capitalisation | USD mil | 29.1 | 29.1 | 29.1 |
| Number Of Shares | mil | 1.00 | 1.00 | 1.00 |
| Share Price | EUR | 24.8 | 24.8 | 24.8 |
| Price/Earnings (P/E) | 23.8 | 7.74 | 6.40 | |
| Price/Book Value (P/BV) | 0.565 | 0.533 | 0.492 | |
| Earnings Per Share (EPS) | EUR | 1.04 | 3.20 | 3.87 |
| Book Value Per Share | EUR | 43.9 | 46.5 | 50.4 |
Get all company financials in excel:
| summary | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | ||||||||||||||
| Net Interest Income | EUR mil | -1.05 | -1.48 | -0.437 | 0.708 | 3.75 | ||||||||
| Total Revenues | EUR mil | 0.379 | -1.54 | 1.95 | 2.69 | 5.09 | ||||||||
| Operating Profit | EUR mil | -0.975 | -3.56 | -0.210 | 0.179 | 1.19 | ||||||||
| Net Profit | EUR mil | -1.05 | -3.64 | 0.085 | 0.405 | 1.04 | ||||||||
| balance sheet | ||||||||||||||
| Interbank Loans | EUR mil | 9.32 | 4.56 | 8.10 | 3.11 | 38.4 | ||||||||
| Customer Loans | EUR mil | 0 | 1.76 | 17.6 | 43.9 | 145 | ||||||||
| Investments | EUR mil | 2.27 | 6.77 | 4.47 | 43.8 | 79.2 | ||||||||
| Total Assets | EUR mil | 69.9 | 57.4 | 46.1 | 115 | 288 | ||||||||
| Shareholders' Equity | EUR mil | 8.13 | 11.3 | 11.5 | 21.0 | 43.9 | ||||||||
| Interbank Borrowing | EUR mil | 0 | 0 | 0 | 10.0 | 95.2 | ||||||||
| Customer Deposits | EUR mil | 61.0 | 45.5 | 34.1 | 83.5 | 148 | ||||||||
| Issued Debt Securities | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| ratios | ||||||||||||||
| ROE | % | ... | -12.9 | -37.4 | 0.743 | 2.49 | 3.21 | |||||||
| ROA | % | ... | -1.55 | -5.72 | 0.164 | 0.503 | 0.517 | |||||||
| Costs (As % Of Assets) | % | ... | 2.00 | 3.17 | 4.18 | 3.12 | 1.94 | |||||||
| Costs (As % Of Income) | % | 357 | -131 | 111 | 93.3 | 76.7 | ||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | 287 | 30.0 | 21.0 | ... | ... | ... | |
| Net Interest Margin | % | ... | -1.54 | -2.32 | -0.846 | 0.879 | 1.86 | |||||||
| Interest Income (As % Of Revenues) | % | -276 | 95.7 | -22.4 | 26.3 | 73.6 | ||||||||
| Fee Income (As % Of Revenues) | % | -18.7 | 4.52 | 2.14 | -1.06 | 12.1 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 33.5 | 38.7 | 43.3 | 47.7 | 50.6 | ||||||||
| Equity (As % Of Assets) | % | 11.6 | 19.7 | 25.0 | 18.3 | 15.2 | ||||||||
| Loans (As % Of Deposits) | % | 0 | 3.87 | 51.5 | 52.6 | 97.5 | ||||||||
| Loans (As % Assets) | % | 0 | 3.06 | 38.1 | 38.2 | 50.2 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 5.82 | 5.17 | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.4 | 5.08 | ||
| valuation | ||||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 30.3 | 29.1 | ||
| Number Of Shares | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.00 | 1.00 | ||
| Share Price | EUR | ... | ... | ... | ... | ... | ... | ... | ... | ... | 24.8 | 24.8 | ||
| Earnings Per Share (EPS) | EUR | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.405 | 1.04 | ||
| Book Value Per Share | EUR | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21.0 | 43.9 | ||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | ... | ... | ... | 61.2 | 23.8 | |||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.18 | 0.565 | |||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 157 | ||
| Book Value Per Share Growth | % | ... | 739 | 41.1 | -70.4 | -262 | 109 |
| income statement | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | ||||||||||||||
| Interest Income | EUR mil | 0.768 | 0.132 | 0.497 | 1.49 | 4.93 | ||||||||
| Interest Cost | EUR mil | 1.82 | 1.61 | 0.935 | 0.779 | 1.19 | ||||||||
| Net Interest Income | EUR mil | -1.05 | -1.48 | -0.437 | 0.708 | 3.75 | ||||||||
| Net Fee Income | EUR mil | -0.071 | -0.070 | 0.042 | -0.029 | 0.616 | ||||||||
| Fee Income | EUR mil | 0 | 0.003 | 0.176 | 0.048 | 0.901 | ... | |||||||
| Fee Expense | EUR mil | 0.071 | 0.073 | 0.134 | 0.076 | 0.285 | ... | |||||||
| Other Income | EUR mil | 1.50 | 0.004 | 2.35 | 2.01 | 0.729 | ||||||||
| Total Revenues | EUR mil | 0.379 | -1.54 | 1.95 | 2.69 | 5.09 | ||||||||
| Staff Cost | EUR mil | 0.453 | 0.780 | 0.937 | 1.20 | 1.98 | ||||||||
| Depreciation | EUR mil | 0 | 0 | 0 | 0 | 0.185 | ||||||||
| Other Cost | EUR mil | 0.902 | 1.24 | 1.23 | 1.32 | 1.74 | ||||||||
| Operating Cost | EUR mil | 1.35 | 2.02 | 2.16 | 2.51 | 3.91 | ||||||||
| Operating Profit | EUR mil | -0.975 | -3.56 | -0.210 | 0.179 | 1.19 | ||||||||
| Provisions | EUR mil | 0 | 0.079 | 0.086 | 0.175 | 0.147 | ||||||||
| Extra and Other Cost | EUR mil | 0 | 0 | 0 | < -0.001 | 0 | ||||||||
| Pre-Tax Profit | EUR mil | -0.975 | -3.64 | -0.296 | 0.005 | 1.04 | ||||||||
| Tax | EUR mil | -0.076 | 0 | 0.381 | 0.400 | 0 | ||||||||
| Minorities | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Net Profit | EUR mil | -1.05 | -3.64 | 0.085 | 0.405 | 1.04 | ||||||||
| Net Profit Avail. to Common | EUR mil | -1.05 | -3.64 | 0.085 | 0.405 | 1.04 | ||||||||
| growth rates | ||||||||||||||
| Net Interest Income Growth | % | ... | 739 | 41.1 | -70.4 | -262 | 429 | |||||||
| Net Fee Income Growth | % | ... | -4.36 | -1.56 | -160 | -169 | -2,250 | |||||||
| Total Revenue Growth | % | ... | 27.8 | -507 | -227 | 37.9 | 89.1 | |||||||
| Operating Cost Growth | % | ... | -9.40 | 48.8 | 7.29 | 16.2 | 55.4 | |||||||
| Operating Profit Growth | % | ... | -18.6 | 265 | -94.1 | -185 | 563 | |||||||
| Pre-Tax Profit Growth | % | ... | -18.6 | 273 | -91.9 | -102 | 22,075 | |||||||
| Net Profit Growth | % | ... | 17.7 | 246 | -102 | 377 | 157 |
| balance sheet | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| balance sheet | ||||||||||||||
| Cash & Cash Equivalents | EUR mil | 57.0 | 42.9 | 13.3 | 19.4 | 19.3 | ||||||||
| Interbank Loans | EUR mil | 9.32 | 4.56 | 8.10 | 3.11 | 38.4 | ||||||||
| Customer Loans | EUR mil | 0 | 1.76 | 17.6 | 43.9 | 145 | ||||||||
| Retail Loans | EUR mil | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 1.83 | 2.20 | ||
| Mortgage Loans | EUR mil | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | ... | ... | ... | ... |
| Consumer Loans | EUR mil | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | ... | ... | ... | ... |
| Corporate Loans | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | 16.5 | 38.7 | 137 | ||
| Investments | EUR mil | 2.27 | 6.77 | 4.47 | 43.8 | 79.2 | ||||||||
| Property and Equipment | EUR mil | 0.011 | 0.022 | 0.068 | 0.064 | 0.513 | ||||||||
| Intangible Assets | EUR mil | 0.197 | 0.130 | 0.250 | 0.190 | 0.913 | ||||||||
| Total Assets | EUR mil | 69.9 | 57.4 | 46.1 | 115 | 288 | ||||||||
| Shareholders' Equity | EUR mil | 8.13 | 11.3 | 11.5 | 21.0 | 43.9 | ||||||||
| Of Which Minority Interest | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Liabilities | EUR mil | 61.7 | 46.1 | 34.6 | 94.0 | 244 | ||||||||
| Interbank Borrowing | EUR mil | 0 | 0 | 0 | 10.0 | 95.2 | ||||||||
| Customer Deposits | EUR mil | 61.0 | 45.5 | 34.1 | 83.5 | 148 | ||||||||
| Sight Deposits | EUR mil | ... | ... | ... | ... | 57.5 | 39.2 | 14.8 | 79.7 | ... | ... | ... | ||
| Term Deposits | EUR mil | ... | ... | ... | ... | 3.47 | 6.27 | 19.3 | 3.88 | ... | ... | ... | ||
| Issued Debt Securities | EUR mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Other Liabilities | EUR mil | 0.777 | 0.628 | 0.413 | 0.478 | 0.409 | ||||||||
| asset quality | ||||||||||||||
| Non-Performing Loans | EUR mil | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 2.57 | 7.46 | ||
| Gross Loans | EUR mil | ... | ... | ... | ... | ... | ... | 0 | 1.76 | 17.7 | 44.2 | 144 | ||
| Risk-Weighted Assets | EUR mil | ... | ... | ... | ... | ... | ... | ... | 3.49 | ... | 91.5 | ... | ... | ... |
| Total Provisions | EUR mil | ... | ... | ... | ... | ... | ... | 0 | 0.002 | 0.093 | 0.268 | 0.379 | ||
| growth rates | ||||||||||||||
| Customer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 899 | 150 | 229 | ||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 20.0 | ||
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 134 | 255 | ||
| Total Asset Growth | % | ... | 6.25 | -17.8 | -19.8 | 150 | 150 | |||||||
| Shareholders' Equity Growth | % | ... | -0.627 | 39.5 | 1.45 | 82.6 | 109 | |||||||
| Customer Deposit Growth | % | ... | 7.22 | -25.4 | -24.9 | 145 | 77.4 |
| ratios | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| ROE | % | ... | -12.9 | -37.4 | 0.743 | 2.49 | 3.21 | |||||||
| ROTE | % | ... | -13.2 | -38.0 | 0.756 | 2.53 | 3.27 | |||||||
| ROA | % | ... | -1.55 | -5.72 | 0.164 | 0.503 | 0.517 | |||||||
| Return on Loans | % | ... | ... | ... | ... | ... | ... | ... | -414 | 0.879 | 1.32 | 1.11 | ||
| operating profit (as % of rwa) | ||||||||||||||
| Costs (As % Of Assets) | % | ... | 2.00 | 3.17 | 4.18 | 3.12 | 1.94 | |||||||
| Costs (As % Of Income) | % | 357 | -131 | 111 | 93.3 | 76.7 | ||||||||
| Costs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 230 | 22.4 | 8.18 | 4.14 | ||
| Costs (As % Of Loans & Deposits) | % | ... | 2.30 | 3.73 | 4.38 | 2.81 | 1.86 | |||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | 287 | 30.0 | 21.0 | ... | ... | ... | |
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21.0 | ... | ... | ... |
| Net Interest Margin | % | ... | -1.54 | -2.32 | -0.846 | 0.879 | 1.86 | |||||||
| Interest Spread | % | ... | -1.91 | -2.78 | -1.36 | 0.635 | 1.75 | |||||||
| Asset Yield | % | ... | 1.13 | 0.207 | 0.961 | 1.85 | 2.45 | |||||||
| revenues (as % of rwa) | ||||||||||||||
| Cost Of Liabilities | % | ... | 3.04 | 2.98 | 2.32 | 1.21 | 0.702 | |||||||
| Interest Income (As % Of Revenues) | % | -276 | 95.7 | -22.4 | 26.3 | 73.6 | ||||||||
| Fee Income (As % Of Revenues) | % | -18.7 | 4.52 | 2.14 | -1.06 | 12.1 | ||||||||
| Other Income (As % Of Revenues) | % | 394 | -0.257 | 120 | 74.8 | 14.3 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 33.5 | 38.7 | 43.3 | 47.7 | 50.6 | ||||||||
| Equity (As % Of Assets) | % | 11.6 | 19.7 | 25.0 | 18.3 | 15.2 | ||||||||
| Equity (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 645 | 65.5 | 47.8 | 30.3 | ||
| Loans (As % Of Deposits) | % | 0 | 3.87 | 51.5 | 52.6 | 97.5 | ||||||||
| Loans (As % Assets) | % | 0 | 3.06 | 38.1 | 38.2 | 50.2 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 5.82 | 5.17 | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.4 | 5.08 | ||
| Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 0.133 | 0.531 | 0.611 | 0.262 | ||
| Cost of Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 8.94 | 0.889 | 0.568 | 0.156 |
| other data | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Employees | 8.00 | 16.0 | 20.0 | 26.0 | 33.8 | |||||||||
| Cost Per Employee | USD per month | 5,303 | 4,761 | 4,424 | 4,493 | 5,832 | ||||||||
| Cost Per Employee (Local Currency) | EUR per month | 4,723 | 4,065 | 3,904 | 3,840 | 4,871 |
Get all company financials in excel:
By Helgi Library - October 3, 2021
FCM Bank's net interest margin amounted to 2.05% in 2023, down from 2.23% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 2.93% in 2012 and an all time low of -2.32% in 2018. The average margin in ...
By Helgi Library - October 3, 2021
FCM Bank generated total banking revenues of EUR 10.0 mil in 2023, up 17.2% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of EUR 10.0 mil in 2023 and an all ti...
By Helgi Library - October 3, 2021
FCM Bank generated total banking revenues of EUR 10.0 mil in 2023, up 17.2% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of EUR 10.0 mil in 2023 and an all ti...
By Helgi Library - October 3, 2021
FCM Bank's customer loan growth reached 18.8% in 2023, down from 74.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 899% in 2019 and an all time low of 18.8% in 2023. In the last decade, the average annu...
By Helgi Library - October 3, 2021
FCM Bank's customer loan growth reached 18.8% in 2023, down from 74.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 899% in 2019 and an all time low of 18.8% in 2023. In the last decade, the average annu...
FCM Bank has been growing its revenues and asset by 54.9% and 60.4% a year on average in the last 3 years. Its loans and deposits have grown by 89.7% and 61.2% a year during that time and loans to deposits ratio reached 85.7% at the end of 2023. The company achieved an average return on equity of 6.09% in the last three years with net profit growing 112% a year on average. In terms of operating efficiency, its cost to income ratio reached 58.3% in 2023, compared to 65.1% average in the last three years.
Equity represented 10.6% of total assets or 16.8% of loans at the end of 2023. FCM Bank's non-performing loans were 4.47% of total loans while provisions covered some 5.56% of NPLs at the end of 2023.
FCM Bank stock traded at per share at the end of 2023 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 6.09% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 6.40x and price to book value (PBV) of 0.492x in 2023.
Helgi Library 
