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Getin Holding

Getin Holding's corporate loans rose 54.4% to PLN 15,878 mil in 2017

By Helgi Library - May 1, 2018

Getin Holding's loans reached PLN 18,383 mil in the 2017, up from PLN 12,747 mil compared to the previous year. Histori...

Getin Holding's corporate loans rose 54.4% to PLN 15,878 mil in 2017

By Helgi Library - May 1, 2018

Getin Holding's loans reached PLN 18,383 mil in the 2017, up from PLN 12,747 mil compared to the previous year. Histori...

Getin Holding's share price (end of period) rose 32.7% to PLN 1.38 in 2017

By Helgi Library - May 1, 2018

Getin Holding stock traded at PLN 1.38 per share at the end of 2017 implying a market capitalization of USD 295 mil. Since the end of 2...

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Annual Quarterly LTM

Profit Statement		2015	2016	2017
Net Interest Income	PLN mil	581	841	960
Net Fee Income	PLN mil	442	434	392
Other Income	PLN mil	141	294	261
Total Revenues	PLN mil	1,164	1,569	1,613
Staff Cost	PLN mil	414	395	406
Operating Profit	PLN mil	311	742	775
Provisions	PLN mil	273	271	373
Net Profit	PLN mil	127	259	183

Balance Sheet		2015	2016	2017
Interbank Loans	PLN mil	518	536	298
Customer Loans	PLN mil	9,372	11,571	17,184
Total Assets	PLN mil	23,164	25,845	28,204
Shareholders' Equity	PLN mil	2,717	3,236	3,526
Interbank Borrowing	PLN mil	1,336	994	1,313
Customer Deposits	PLN mil	14,660	17,710	19,692
Issued Debt Securities	PLN mil	1,382	957	940

Ratios		2015	2016	2017
ROE	%	4.75	8.70	5.43
ROA	%	0.586	1.06	0.679
Costs (As % Of Assets)	%	3.94	3.38	3.10
Costs (As % Of Income)	%	73.3	52.7	51.9
Capital Adequacy Ratio	%	...	...	9.79
Net Interest Margin	%	2.68	3.43	3.55
Loans (As % Of Deposits)	%	63.9	65.3	87.3
NPLs (As % Of Loans)	%	14.8	16.2	9.74
Provisions (As % Of NPLs)	%	64.6	56.9	66.9

Valuation		2015	2016	2017
Price/Earnings (P/E)		6.98	2.94	5.61
Price/Book Value (P/BV)		0.328	0.235	0.297
Dividend Yield	%	0	0	0
Earnings Per Share (EPS)		0.175	0.354	0.246
Book Value Per Share		3.72	4.42	4.64
Dividend Per Share		0	0	0

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Download Sample $19.99

summary
income statement
balance sheet
ratios
other data

summary	Unit	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017
income statement
Net Interest Income	PLN mil								1,708	443	596	720	581
Total Revenues	PLN mil								3,738	1,420	1,120	1,456	1,164
Operating Profit	PLN mil								2,514	844	443	581	311
Net Profit	PLN mil								976	580	246	174	127
balance sheet
Interbank Loans	PLN mil								197	863	286	560	518
Customer Loans	PLN mil								2,150	4,306	6,262	8,246	9,372
Debt Securities	PLN mil								482	953	1,731	2,743	3,111
Total Assets	PLN mil								61,800	9,760	13,347	20,124	23,164
Shareholders' Equity	PLN mil								6,233	1,996	2,239	2,619	2,717
Interbank Borrowing	PLN mil								672	1,539	2,012	1,701	1,336
Customer Deposits	PLN mil								2,595	5,147	7,422	12,737	14,660
Issued Debt Securities	PLN mil								122	480	878	1,723	1,382
ratios
ROE	%								17.5	14.1	11.6	7.16	4.75
ROA	%								1.80	1.62	2.13	1.04	0.586
Costs (As % Of Assets)	%								2.25	1.61	5.86	5.23	3.94
Costs (As % Of Income)	%								32.7	40.5	60.5	60.1	73.3
Capital Adequacy Ratio	%	...	...	...	...	...		...	9.88	...	...	...	...	...
Net Interest Margin	%								3.14	1.24	5.16	4.30	2.68
Interest Income (As % Of Revenues)	%								45.7	31.2	53.2	49.4	49.9
Fee Income (As % Of Revenues)	%								15.4	18.8	36.6	29.2	38.0
Staff Cost (As % Of Total Cost)	%								42.9	48.8	48.9	48.8	48.5
Equity (As % Of Assets)	%								10.1	20.5	16.8	13.0	11.7
Loans (As % Of Deposits)	%								82.9	83.7	84.4	64.7	63.9
Loans (As % Assets)	%								3.48	44.1	46.9	41.0	40.5
NPLs (As % Of Loans)	%								6.16	6.28	11.7	11.7	14.8
Provisions (As % Of NPLs)	%								71.0	65.2	58.9	59.7	64.6
valuation
Market Capitalisation (End Of Period)	USD mil								645	654	918	379	227
Number Of Shares (Average)	mil								728	733	734	721	726
Share Price (End Of Period)	PLN								3.05	2.76	3.77	1.86	1.22
Earnings Per Share (EPS)									1.34	0.792	0.336	0.241	0.175
Book Value Per Share									8.56	2.72	3.05	3.63	3.72
Dividend Per Share									0	0.103	0.005	0	0
Price/Earnings (P/E)									2.27	3.49	11.2	7.71	6.98
Price/Book Value (P/BV)									0.356	1.01	1.24	0.512	0.328
Dividend Yield	%								0	3.72	0.123	0	0
Earnings Per Share Growth	%	...							127	-41.0	-57.6	-28.1	-27.6
Book Value Per Share Growth	%	...							23.5	-68.2	12.0	19.1	2.29

income statement	Unit	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017
income statement
Interest Income	PLN mil								4,151	1,048	1,439	1,621	1,450
Interest Cost	PLN mil								2,444	605	843	901	869
Net Interest Income	PLN mil								1,708	443	596	720	581
Net Fee Income	PLN mil								577	267	410	426	442
Other Income	PLN mil								1,453	711	114	311	141
Total Revenues	PLN mil								3,738	1,420	1,120	1,456	1,164
Staff Cost	PLN mil								524	281	331	427	414
Depreciation	PLN mil								78.4	35.0	50.3	63.7	66.6
Other Cost	PLN mil								620	260	296	384	373
Operating Cost	PLN mil								1,223	576	678	875	853
Operating Profit	PLN mil								2,514	844	443	581	311
Provisions	PLN mil								1,249	57.2	165	239	273
Extra and Other Cost	PLN mil								-10.7	0	0	0.012	-31.8
Pre-Tax Profit	PLN mil								1,276	787	278	342	69.6
Tax	PLN mil								165	174	3.03	82.2	-79.5
Minorities	PLN mil								134	32.6	28.6	85.9	129
Net Profit	PLN mil								976	580	246	174	127
Dividends	PLN mil								0	75.3	3.39	0	0
growth rates
Net Interest Income Growth	%	...							34.1	-74.1	34.8	20.6	-19.3
Net Fee Income Growth	%	...							0.201	-53.8	53.7	3.85	3.91
Total Revenue Growth	%	...							53.3	-62.0	-21.1	30.0	-20.1
Operating Cost Growth	%	...							31.7	-52.9	17.7	29.1	-2.47
Operating Profit Growth	%	...							66.5	-66.4	-47.6	31.3	-46.6
Pre-Tax Profit Growth	%	...							163	-38.3	-64.7	23.0	-79.6
Net Profit Growth	%	...							132	-40.6	-57.5	-29.4	-27.1
market share
Market Share in Revenues	%								6.53	2.43	2.02	2.53	2.09
Market Share in Net Profit	%								6.28	3.75	1.62	1.10	1.13
Market Share in Employees	%	...	...						5.62	3.13	4.05	4.62	4.39

balance sheet	Unit	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017
balance sheet
Cash	PLN mil								152	279	501	759	981
Interbank Loans	PLN mil								197	863	286	560	518
Customer Loans	PLN mil								2,150	4,306	6,262	8,246	9,372
Retail Loans	PLN mil								1,308	1,425	2,026	1,984	1,023
Mortgage Loans	PLN mil	...	...						284	2.35	5.84	4.88	4.54
Consumer Loans	PLN mil	...	...						358	1,331	1,895	1,384	675
Corporate Loans	PLN mil								853	2,881	4,236	6,261	8,350
Debt Securities	PLN mil								482	953	1,731	2,743	3,111
Fixed Assets	PLN mil								369	673	797	1,290	988
Total Assets	PLN mil								61,800	9,760	13,347	20,124	23,164
Shareholders' Equity	PLN mil								6,233	1,996	2,239	2,619	2,717
Of Which Minority Interest	PLN mil								598	167	190	609	940
Liabilities	PLN mil								55,567	7,764	11,108	17,506	20,447
Interbank Borrowing	PLN mil								672	1,539	2,012	1,701	1,336
Customer Deposits	PLN mil								2,595	5,147	7,422	12,737	14,660
Retail Deposits	PLN mil								2,328	4,379	5,925	11,020	12,650
Corporate Deposits	PLN mil								250	761	1,483	1,682	2,004
Sight Deposits	PLN mil								159	448	981	2,055	1,683
Term Deposits	PLN mil								2,431	4,698	6,441	10,656	12,977
Issued Debt Securities	PLN mil								122	480	878	1,723	1,382
Other Liabilities	PLN mil								52,178	598	797	1,345	3,069
asset quality
Non-Performing Loans	PLN mil								139	282	788	1,035	1,535
Gross Loans	PLN mil								2,259	4,490	6,726	8,864	10,364
Total Provisions	PLN mil								98.7	184	464	618	992
growth rates
Customer Loan Growth	%	...							-93.6	100	45.4	31.7	13.7
Retail Loan Growth	%	...							-95.9	8.98	42.1	-2.04	-48.5
Mortgage Loan Growth	%	...	...	...					-98.9	-99.2	149	-16.5	-6.95
Consumer Loan Growth	%	...	...	...					-85.6	271	42.4	-27.0	-51.2
Corporate Loan Growth	%	...							-38.5	238	47.0	47.8	33.4
Total Asset Growth	%	...							31.9	-84.2	36.7	50.8	15.1
Shareholders' Equity Growth	%	...							26.3	-68.0	12.2	17.0	3.77
Customer Deposit Growth	%	...							-93.1	98.3	44.2	71.6	15.1
Retail Deposit Growth	%	...							-92.7	88.1	35.3	86.0	14.8
Corporate Deposit Growth	%	...							-93.8	204	95.0	13.4	19.1
market share
Market Share in Customer Loans	%	...	...	...	...	...	...		0.237	0.461	0.646	0.793	0.842
Market Share in Corporate Loans	%	...	...	...	...				0.323	1.06	1.52	2.08	2.56
Market Share in Retail Loans	%								0.240	0.260	0.353	0.326	0.159
Market Share in Consumer Loans	%	...	...						0.157	0.585	0.790	0.542	0.254
Market Share in Mortgage Loans	%	...	...						0.090	< 0.001	0.002	0.001	0.001
Market Share in Total Assets	%	...	...	...	...				4.89	0.741	0.972	1.34	1.48
Market Share in Customer Deposits	%	...	...	...	...	...	...		0.288	0.556	0.762	1.22	1.32
Market Share in Retail Deposits	%	...	...	...	...	...	...		0.527	0.913	1.17	1.98	2.07
Market Share in Corporate Deposits	%	...	...	...	...	...	...		0.098	0.315	0.559	0.577	0.623

ratios	Unit	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017
ratios
ROE	%								17.5	14.1	11.6	7.16	4.75
ROA	%								1.80	1.62	2.13	1.04	0.586
Costs (As % Of Assets)	%								2.25	1.61	5.86	5.23	3.94
Costs (As % Of Income)	%								32.7	40.5	60.5	60.1	73.3
Capital Adequacy Ratio	%	...	...	...	...	...		...	9.88	...	...	...	...	...
Tier 1 Ratio	%	...	...	...	...	...	...	...	...	...	...	...	...	...
Net Interest Margin	%								3.14	1.24	5.16	4.30	2.68
Interest Spread	%	...							2.63	1.02	3.53	3.39	2.12
Asset Yield	%								7.64	2.93	12.5	9.68	6.70
Cost Of Liabilities	%	...							5.01	1.91	8.93	6.30	4.58
Payout Ratio	%								0	13.0	1.38	0	0
Interest Income (As % Of Revenues)	%								45.7	31.2	53.2	49.4	49.9
Fee Income (As % Of Revenues)	%								15.4	18.8	36.6	29.2	38.0
Other Income (As % Of Revenues)	%								38.9	50.0	10.2	21.4	12.1
Cost Per Employee	USD per month	...	...						1,486	1,315	1,237	1,362	1,237
Cost Per Employee (Local Currency)	PLN per month	...	...						4,405	4,280	3,909	4,464	4,602
Staff Cost (As % Of Total Cost)	%								42.9	48.8	48.9	48.8	48.5
Equity (As % Of Assets)	%								10.1	20.5	16.8	13.0	11.7
Loans (As % Of Deposits)	%								82.9	83.7	84.4	64.7	63.9
Loans (As % Assets)	%								3.48	44.1	46.9	41.0	40.5
NPLs (As % Of Loans)	%								6.16	6.28	11.7	11.7	14.8
Provisions (As % Of NPLs)	%								71.0	65.2	58.9	59.7	64.6
Provisions (As % Of Loans)	%								4.59	4.27	7.42	7.50	10.6
Cost of Provisions (As % Of Loans)	%								7.01	1.77	3.11	3.30	3.10

other data	Unit	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017
other data
Employees		...	...						9,921	5,474	7,062	7,979	7,500
Sight (As % Of Customer Deposits)	%								6.13	8.71	13.2	16.1	11.5

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Comparison of 11 Banks in Poland
Quarterly Data (Mar 00 - Jun 23)

Sep 2023

Statistical Dossier

$219.99

Comparison of 18 Banks in Poland
Annual Data (1997 - 2017)

Oct 2018

Statistical Dossier

$359.99

Getin Holding in Numbers
Annual (2004 - 2017)

Sep 2018

Statistical Dossier

$19.99

Getin Holding's share price (end of period) rose 32.7% to PLN 1.38 in 2017

By Helgi Library - May 1, 2018

Getin Holding stock traded at PLN 1.38 per share at the end of 2017 implying a market capitalization of USD 295 mil. Since the end of 2012, the stock has depreciated by -50.0 % implying an annual average growth of -12.9 %. In absolute terms, the value of the company ...

Getin Holding's net profit fell 29.2% to PLN 183 mil in 2017

By Helgi Library - May 1, 2018

Getin Holding made a net profit of PLN 183 mil under revenues of PLN 1,613 mil in 2017, up -29.2% and 2.79% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of PLN 976 mil in 2011 and an all time low of PLN 22.1...

Getin Holding's net profit fell 29.2% to PLN 183 mil in 2017

By Helgi Library - May 1, 2018

Getin Holding's npls (as % of loans) fell 39.9% to 9.74% in 2017

By Helgi Library - May 1, 2018

Getin Holding's non-performing loans reached 9.74% of total loans at the end of 2017, down from 16.2% compared to the previous year. Historically, the NPL ratio hit an all time high of 29.7% in 2004 and an all time low of 4.63% in 2008. Provision coverage a...

Getin Holding's npls (as % of loans) fell 39.9% to 9.74% in 2017

By Helgi Library - May 1, 2018

Getin Holding's price/earnings (P/E) rose 90.9% to 5.61 in 2017

By Helgi Library - May 1, 2018

Getin Holding stock traded at PLN 1.38 per share at the end 2017 implying a market capitalization of USD 295 mil. Since the end of 2012, the stock has depreciated by -50.0 % implying an annual average growth of -12.9 %. In absolute terms, the value of the company ...

Getin Holding's price/earnings (P/E) rose 90.9% to 5.61 in 2017

By Helgi Library - May 1, 2018

Getin Holding's net interest margin rose 3.50% to 3.55% in 2017

By Helgi Library - May 1, 2018

Getin Holding's net interest margin amounted to 3.55% in 2017, up from 3.43% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.16% in 2013 and an all time low of 1.24% in 2012. The average margin i...

Getin Holding's net interest margin rose 3.50% to 3.55% in 2017

By Helgi Library - May 1, 2018

Getin Holding's net interest income rose 14.1% to PLN 960 mil in 2017

By Helgi Library - May 1, 2018

Getin Holding generated total banking revenues of PLN 1,613 mil in 2017, up 2.79% 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 PLN 3,738 mil in 2011 and an...

More News

Getin Holding SA is a Poland-based financial holding. The Group established by Dr Leszek Czarnecki operates in banking, financial intermediation, insurance and leasing sectors. The Holding's banks specialize in cash loans, car loans, and services targeted at small and medium-sized enterprises. Getin Holding invests in ventures on the markets of Central and Eastern Europe, where it controls five banks and three lease companies. Among the Company’s brands are Idea Bank Polska, Tax Care, Idea Expert, MW Trade, Idea Leasing, Carcade, Kuban Bank, Idea Bank Ukraine and Idea Bank Belarus. The Company is operational in Poland, Ukraine, Belarus and the Russian Federation

Finance

Getin Holding has been growing its revenues and asset by 0.800% and 4.03% a year on average in the last 10 years. Its loans and deposits have grown by 4.43% and 6.59% a year during that time and loans to deposits ratio reached 87.3% at the end of 2017. The company achieved an average return on equity of 10.0% in the last decade with net profit growing -11.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 51.9% in 2017, compared to 49.4% average in the last decade.

Equity represented 12.5% of total assets or 20.5% of loans at the end of 2017. Getin Holding's non-performing loans were 9.74% of total loans while provisions covered some 66.9% of NPLs at the end of 2017.

Valuation

Getin Holding stock traded at PLN 1.38 per share at the end of 2017 resulting in a market capitalization of USD 295 mil. Over the previous five years, stock price fell by 50% or 12.9% a year on average. That’s compared to an average ROE of 7.54% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 5.61x and price to book value (PBV) of 0.297x in 2017.

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Getin Holding

Getin Holding's corporate loans rose 54.4% to PLN 15,878 mil in 2017

Getin Holding's corporate loans rose 54.4% to PLN 15,878 mil in 2017

Getin Holding's share price (end of period) rose 32.7% to PLN 1.38 in 2017

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Inpost - Price to Earnings & EV/EBITDA

Inpost - Stock Price & Market Capitalization

Getin Holding's share price (end of period) rose 32.7% to PLN 1.38 in 2017

Getin Holding's net profit fell 29.2% to PLN 183 mil in 2017

Getin Holding's net profit fell 29.2% to PLN 183 mil in 2017

Getin Holding's npls (as % of loans) fell 39.9% to 9.74% in 2017

Getin Holding's npls (as % of loans) fell 39.9% to 9.74% in 2017

Getin Holding's price/earnings (P/E) rose 90.9% to 5.61 in 2017

Getin Holding's price/earnings (P/E) rose 90.9% to 5.61 in 2017

Getin Holding's net interest margin rose 3.50% to 3.55% in 2017

Getin Holding's net interest margin rose 3.50% to 3.55% in 2017

Getin Holding's net interest income rose 14.1% to PLN 960 mil in 2017

Finance

Valuation

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