| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RSD mil | 1,174 | 1,345 | 1,489 |
| Net Fee Income | RSD mil | 573 | 577 | 604 |
| Other Income | RSD mil | 36.6 | 33.1 | 56.6 |
| Total Revenues | RSD mil | 1,784 | 1,955 | 2,150 |
| Staff Cost | RSD mil | 525 | 585 | 649 |
| Operating Profit | RSD mil | 548 | 525 | 464 |
| Provisions | RSD mil | 759 | 389 | 270 |
| Net Profit | RSD mil | -185 | 136 | 195 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RSD mil | 3,044 | 1,019 | 1,525 |
| Customer Loans | RSD mil | 19,115 | 23,962 | 28,908 |
| Total Assets | RSD mil | 31,800 | 34,986 | 41,449 |
| Shareholders' Equity | RSD mil | 5,716 | 5,884 | 6,120 |
| Interbank Borrowing | RSD mil | 700 | 1,715 | 3,190 |
| Customer Deposits | RSD mil | 23,275 | 19,227 | 23,449 |
| Issued Debt Securities | RSD mil | 1,844 | 7,362 | 7,586 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -3.54 | 2.35 | 3.24 |
| ROA | % | -0.581 | 0.408 | 0.509 |
| Costs (As % Of Assets) | % | 3.89 | 4.28 | 4.41 |
| Costs (As % Of Income) | % | 69.3 | 73.1 | 78.4 |
| Capital Adequacy Ratio | % | 15.8 | 16.0 | 17.1 |
| Net Interest Margin | % | 3.69 | 4.03 | 3.90 |
| Loans (As % Of Deposits) | % | 82.1 | 125 | 123 |
| NPLs (As % Of Loans) | % | 29.8 | 17.6 | 13.3 |
| Provisions (As % Of NPLs) | % | 63.3 | 103 | 108 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 0.412 | 9.57 | 10.0 |
| Operating Cost Growth | % | 11.1 | 15.6 | 18.0 |
| Operating Profit Growth | % | -17.5 | -4.13 | -11.6 |
| Net Profit Growth | % | -30.8 | -174 | 43.0 |
| Customer Loan Growth | % | -14.0 | 25.4 | 20.6 |
| Total Asset Growth | % | -0.041 | 10.0 | 18.5 |
| Customer Deposit Growth | % | 0.247 | -17.4 | 22.0 |
| Shareholders' Equity Growth | % | 21.0 | 2.94 | 4.01 |
| Employees | 377 | 411 | 435 | |
Get all company financials in excel:
| summary | Unit | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||
| Net Interest Income | RSD mil | 1,164 | 1,174 | ||
| Total Revenues | RSD mil | 1,777 | 1,784 | ||
| Operating Profit | RSD mil | 664 | 548 | ||
| Net Profit | RSD mil | -267 | -185 | ||
| balance sheet | |||||
| Interbank Loans | RSD mil | 2,803 | 3,044 | ||
| Customer Loans | RSD mil | 22,216 | 19,115 | ||
| Debt Securities | RSD mil | 320 | 537 | ||
| Total Assets | RSD mil | 31,813 | 31,800 | ||
| Shareholders' Equity | RSD mil | 4,723 | 5,716 | ||
| Interbank Borrowing | RSD mil | 1,770 | 700 | ||
| Customer Deposits | RSD mil | 23,218 | 23,275 | ||
| Issued Debt Securities | RSD mil | 1,844 | 1,844 | ||
| ratios | |||||
| ROE | % | -5.65 | -3.54 | ||
| ROA | % | -0.839 | -0.581 | ||
| Costs (As % Of Assets) | % | 3.50 | 3.89 | ||
| Costs (As % Of Income) | % | 62.6 | 69.3 | ||
| Capital Adequacy Ratio | % | 12.8 | 15.8 | ||
| Net Interest Margin | % | 3.66 | 3.69 | ||
| Interest Income (As % Of Revenues) | % | 65.5 | 65.8 | ||
| Fee Income (As % Of Revenues) | % | 30.9 | 32.1 | ||
| Staff Cost (As % Of Total Cost) | % | 44.2 | 42.4 | ||
| Equity (As % Of Assets) | % | 14.8 | 18.0 | ||
| Loans (As % Of Deposits) | % | 95.7 | 82.1 | ||
| Loans (As % Assets) | % | 69.8 | 60.1 | ||
| NPLs (As % Of Loans) | % | 25.5 | 29.8 | ||
| Provisions (As % Of NPLs) | % | 60.7 | 63.3 | ||
| valuation | |||||
| Book Value Per Share Growth | % | ... | 0.856 |
| income statement | Unit | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||
| Interest Income | RSD mil | 1,819 | 1,620 | ||
| Interest Cost | RSD mil | 655 | 446 | ||
| Net Interest Income | RSD mil | 1,164 | 1,174 | ||
| Net Fee Income | RSD mil | 548 | 573 | ||
| Other Income | RSD mil | 64.1 | 36.6 | ||
| Total Revenues | RSD mil | 1,777 | 1,784 | ||
| Staff Cost | RSD mil | 492 | 525 | ||
| Depreciation | RSD mil | 90.0 | 95.6 | ||
| Other Cost | RSD mil | 531 | 616 | ||
| Operating Cost | RSD mil | 1,113 | 1,236 | ||
| Operating Profit | RSD mil | 664 | 548 | ||
| Provisions | RSD mil | 932 | 759 | ||
| Extra and Other Cost | RSD mil | 0.117 | -23.5 | ||
| Pre-Tax Profit | RSD mil | -268 | -187 | ||
| Tax | RSD mil | -1.05 | -2.30 | ||
| Minorities | RSD mil | 0 | 0 | ||
| Net Profit | RSD mil | -267 | -185 | ||
| growth rates | |||||
| Net Interest Income Growth | % | ... | 0.855 | ||
| Net Fee Income Growth | % | ... | 4.53 | ||
| Total Revenue Growth | % | ... | 0.412 | ||
| Operating Cost Growth | % | ... | 11.1 | ||
| Operating Profit Growth | % | ... | -17.5 | ||
| Pre-Tax Profit Growth | % | ... | -30.2 | ||
| Net Profit Growth | % | ... | -30.8 | ||
| market share | |||||
| Market Share in Revenues | % | 1.02 | 0.972 | ||
| Market Share in Net Profit | % | ... | ... | ||
| Market Share in Employees | % | 1.53 | 1.55 | ||
| Market Share in Branches | % | ... | ... | ... |
| ratios | Unit | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||
| ROE | % | -5.65 | -3.54 | ||
| ROA | % | -0.839 | -0.581 | ||
| Costs (As % Of Assets) | % | 3.50 | 3.89 | ||
| Costs (As % Of Income) | % | 62.6 | 69.3 | ||
| Capital Adequacy Ratio | % | 12.8 | 15.8 | ||
| Net Interest Margin | % | 3.66 | 3.69 | ||
| Interest Spread | % | ... | 3.42 | ||
| Asset Yield | % | 5.72 | 5.09 | ||
| Cost Of Liabilities | % | ... | 1.68 | ||
| Interest Income (As % Of Revenues) | % | 65.5 | 65.8 | ||
| Fee Income (As % Of Revenues) | % | 30.9 | 32.1 | ||
| Other Income (As % Of Revenues) | % | 3.61 | 2.05 | ||
| Cost Per Employee | USD per month | 1,163 | 1,098 | ||
| Cost Per Employee (Local Currency) | RSD per month | 106,478 | 115,969 | ||
| Staff Cost (As % Of Total Cost) | % | 44.2 | 42.4 | ||
| Equity (As % Of Assets) | % | 14.8 | 18.0 | ||
| Loans (As % Of Deposits) | % | 95.7 | 82.1 | ||
| Loans (As % Assets) | % | 69.8 | 60.1 | ||
| NPLs (As % Of Loans) | % | 25.5 | 29.8 | ||
| Provisions (As % Of NPLs) | % | 60.7 | 63.3 | ||
| Provisions (As % Of Loans) | % | 18.3 | 23.2 | ||
| Cost of Provisions (As % Of Loans) | % | 4.19 | 3.67 |
| other data | Unit | 2014 | 2015 | 2016 | 2017 |
| other data | |||||
| Branches | ... | ... | ... | ||
| Employees | 385 | 377 | |||
| Sight (As % Of Customer Deposits) | % | ... | ... |
Get all company financials in excel:
Halbank Serbia has been growing its revenues and asset by 6.57% and 9.22% a year on average in the last 3 years. Its loans and deposits have grown by 9.17% and 0.331% a year during that time and loans to deposits ratio reached 123% at the end of 2017. The company achieved an average return on equity of 0.684% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 78.4% in 2017, compared to 73.6% average in the last three years.
Equity represented 14.8% of total assets or 21.2% of loans at the end of 2017. Halbank Serbia's non-performing loans were 13.3% of total loans while provisions covered some 108% of NPLs at the end of 2017.
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