By Helgi Library - November 29, 2018
OTP Bank Russia's mortgage loans reached RUB 3.45 bil in 2017, down 17.4% compared to the previous year. Russian banking sector...
By Helgi Library - November 29, 2018
OTP Bank Russia's mortgage loans reached RUB 3.45 bil in 2017, down 17.4% compared to the previous year. Russian banking sector...
By Helgi Library - September 10, 2018
OTP Bank Russia's net interest margin amounted to 12.3% in 2017, down from 13.8% compared to the previous year. Historical...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RUB bil | 19.5 | 17.1 | 15.0 |
| Net Fee Income | RUB bil | 3.22 | 4.25 | 5.55 |
| Other Income | RUB bil | 2.06 | 0.562 | 0.534 |
| Total Revenues | RUB bil | 24.8 | 22.0 | 21.1 |
| Staff Cost | RUB bil | 6.83 | 6.92 | 7.57 |
| Operating Profit | RUB bil | 12.6 | 9.58 | 7.63 |
| Provisions | RUB bil | 17.8 | 6.06 | 4.76 |
| Net Profit | RUB bil | -4.27 | 2.63 | 2.15 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RUB bil | 11.3 | 29.2 | 23.1 |
| Customer Loans | RUB bil | 79.7 | 68.3 | 73.8 |
| Total Assets | RUB bil | 128 | 120 | 124 |
| Shareholders' Equity | RUB bil | 20.9 | 23.6 | 25.7 |
| Interbank Borrowing | RUB bil | 9.12 | 5.86 | 1.58 |
| Customer Deposits | RUB bil | 82.8 | 79.7 | 86.7 |
| Issued Debt Securities | RUB bil | 5.96 | 5.47 | 5.21 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -18.5 | 11.8 | 8.72 |
| ROA | % | -2.87 | 2.12 | 1.76 |
| Costs (As % Of Assets) | % | 8.21 | 9.96 | 11.0 |
| Costs (As % Of Income) | % | 49.1 | 56.4 | 63.8 |
| Capital Adequacy Ratio | % | 13.3 | 15.5 | 16.0 |
| Net Interest Margin | % | 13.2 | 13.8 | 12.3 |
| Loans (As % Of Deposits) | % | 96.3 | 85.6 | 85.2 |
| NPLs (As % Of Loans) | % | 19.4 | 21.5 | 16.7 |
| Provisions (As % Of NPLs) | % | 113 | 115 | 129 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -18.5 | -11.5 | -3.89 |
| Operating Cost Growth | % | -5.55 | 1.49 | 8.80 |
| Operating Profit Growth | % | -28.0 | -24.1 | -20.3 |
| Net Profit Growth | % | 137 | -162 | -18.5 |
| Customer Loan Growth | % | -26.4 | -14.3 | 8.14 |
| Total Asset Growth | % | -23.9 | -6.41 | 3.06 |
| Customer Deposit Growth | % | -10.6 | -3.65 | 8.71 |
| Shareholders' Equity Growth | % | -16.7 | 12.4 | 9.19 |
| Employees | 4,787 | 4,744 | 4,956 | |
Get all company financials in excel:
| summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Net Interest Income | RUB bil | ... | ... | ... | 20.1 | 25.0 | 27.3 | 25.8 | 19.5 | |||
| Total Revenues | RUB bil | ... | ... | ... | 22.8 | 28.0 | 32.6 | 30.4 | 24.8 | |||
| Operating Profit | RUB bil | ... | ... | ... | 14.1 | 18.2 | 20.7 | 17.5 | 12.6 | |||
| Net Profit | RUB bil | ... | ... | ... | 6.00 | 6.41 | 0.876 | -1.80 | -4.27 | |||
| balance sheet | ||||||||||||
| Interbank Loans | RUB bil | ... | ... | ... | 5.96 | 12.9 | 8.73 | 4.47 | 11.3 | |||
| Customer Loans | RUB bil | ... | ... | ... | 90.2 | 102 | 106 | 108 | 79.7 | |||
| Debt Securities | RUB bil | ... | ... | ... | 8.24 | 16.1 | 14.0 | 28.9 | 18.4 | |||
| Total Assets | RUB bil | ... | ... | ... | 117 | 142 | 144 | 169 | 128 | |||
| Shareholders' Equity | RUB bil | ... | ... | ... | 19.9 | 26.9 | 27.5 | 25.1 | 20.9 | |||
| Interbank Borrowing | RUB bil | ... | ... | ... | 12.3 | 10.3 | 8.60 | 24.5 | 9.12 | |||
| Customer Deposits | RUB bil | ... | ... | ... | 66.1 | 83.1 | 86.8 | 92.6 | 82.8 | |||
| Issued Debt Securities | RUB bil | ... | ... | ... | 16.5 | 18.5 | 18.0 | 6.40 | 5.96 | |||
| ratios | ||||||||||||
| ROE | % | ... | ... | ... | 34.9 | 27.4 | 3.22 | -6.85 | -18.5 | |||
| ROA | % | ... | ... | ... | 5.60 | 4.96 | 0.613 | -1.15 | -2.87 | |||
| Costs (As % Of Assets) | % | ... | ... | ... | 8.10 | 7.64 | 8.34 | 8.26 | 8.21 | |||
| Costs (As % Of Income) | % | ... | ... | ... | 38.1 | 35.2 | 36.6 | 42.4 | 49.1 | |||
| Capital Adequacy Ratio | % | ... | ... | ... | 19.3 | 16.2 | 14.0 | 12.1 | 13.3 | |||
| Net Interest Margin | % | ... | ... | ... | 18.7 | 19.3 | 19.1 | 16.5 | 13.2 | |||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 88.0 | 89.1 | 83.8 | 84.7 | 78.7 | |||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 11.0 | 10.3 | 9.52 | 11.4 | 13.0 | |||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 59.5 | 57.5 | 56.1 | 59.4 | 56.0 | |||
| Equity (As % Of Assets) | % | ... | ... | ... | 17.1 | 18.9 | 19.1 | 14.9 | 16.3 | |||
| Loans (As % Of Deposits) | % | ... | ... | ... | 136 | 123 | 122 | 117 | 96.3 | |||
| Loans (As % Assets) | % | ... | ... | ... | 77.2 | 71.8 | 73.5 | 64.2 | 62.1 | |||
| NPLs (As % Of Loans) | % | ... | ... | ... | 14.5 | 20.6 | 19.2 | 14.8 | 19.4 | |||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 89.9 | 90.9 | 104 | 115 | 113 | |||
| valuation | ||||||||||||
| Book Value Per Share Growth | % | ... | ... | ... | ... | 35.9 | 24.6 | 9.20 | -5.62 | -24.2 |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Interest Income | RUB bil | ... | ... | ... | 24.2 | 31.0 | 34.9 | 32.3 | 28.2 | |||
| Interest Cost | RUB bil | ... | ... | ... | 4.12 | 6.05 | 7.55 | 6.53 | 8.68 | |||
| Net Interest Income | RUB bil | ... | ... | ... | 20.1 | 25.0 | 27.3 | 25.8 | 19.5 | |||
| Net Fee Income | RUB bil | ... | ... | ... | 2.50 | 2.88 | 3.10 | 3.46 | 3.22 | |||
| Other Income | RUB bil | ... | ... | ... | 0.230 | 0.169 | 2.18 | 1.21 | 2.06 | |||
| Total Revenues | RUB bil | ... | ... | ... | 22.8 | 28.0 | 32.6 | 30.4 | 24.8 | |||
| Staff Cost | RUB bil | ... | ... | ... | 5.17 | 5.68 | 6.68 | 7.67 | 6.83 | |||
| Depreciation | RUB bil | ... | ... | ... | 0.548 | 0.635 | 0.780 | 0.911 | 1.15 | |||
| Other Cost | RUB bil | ... | ... | ... | 2.97 | 3.56 | 4.44 | 4.33 | 4.21 | |||
| Operating Cost | RUB bil | ... | ... | ... | 8.69 | 9.88 | 11.9 | 12.9 | 12.2 | |||
| Operating Profit | RUB bil | ... | ... | ... | 14.1 | 18.2 | 20.7 | 17.5 | 12.6 | |||
| Provisions | RUB bil | ... | ... | ... | 6.45 | 10.1 | 19.6 | 19.6 | 17.8 | |||
| Extra and Other Cost | RUB bil | ... | ... | ... | 0 | 0 | < -0.001 | 0 | 0 | |||
| Pre-Tax Profit | RUB bil | ... | ... | ... | 7.67 | 8.08 | 1.06 | -2.09 | -5.20 | |||
| Tax | RUB bil | ... | ... | ... | 1.66 | 1.67 | 0.184 | -0.290 | -0.936 | |||
| Minorities | RUB bil | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||
| Net Profit | RUB bil | ... | ... | ... | 6.00 | 6.41 | 0.876 | -1.80 | -4.27 | |||
| growth rates | ||||||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | 35.9 | 24.6 | 9.20 | -5.62 | -24.2 | ||
| Net Fee Income Growth | % | ... | ... | ... | ... | 75.7 | 15.0 | 7.70 | 11.6 | -7.05 | ||
| Total Revenue Growth | % | ... | ... | ... | ... | 37.8 | 23.0 | 16.1 | -6.57 | -18.5 | ||
| Operating Cost Growth | % | ... | ... | ... | ... | 25.9 | 13.8 | 20.5 | 8.41 | -5.55 | ||
| Operating Profit Growth | % | ... | ... | ... | ... | 46.3 | 28.7 | 13.8 | -15.2 | -28.0 | ||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | 77.9 | 5.38 | -86.9 | -297 | 149 | ||
| Net Profit Growth | % | ... | ... | ... | ... | 78.2 | 6.82 | -86.3 | -306 | 137 | ||
| market share | ||||||||||||
| Market Share in Revenues | % | ... | ... | ... | 0.654 | 0.707 | 0.719 | 0.506 | 0.371 | |||
| Market Share in Net Profit | % | ... | ... | ... | 0.886 | 0.812 | 0.121 | ... | ... | |||
| Market Share in Employees | % | ... | ... | ... | ... | ... | ... | ... | 0.631 | 0.571 | ... | ... |
| Market Share in Branches | % | 0.338 | 0.342 | 0.463 | 0.476 | 0.362 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||
| Cash | RUB bil | ... | ... | ... | 8.80 | 7.71 | 9.90 | 20.8 | 11.2 | |||
| Interbank Loans | RUB bil | ... | ... | ... | 5.96 | 12.9 | 8.73 | 4.47 | 11.3 | |||
| Customer Loans | RUB bil | ... | ... | ... | 90.2 | 102 | 106 | 108 | 79.7 | |||
| Retail Loans | RUB bil | ... | ... | ... | 82.9 | 121 | 126 | 123 | 90.9 | |||
| Mortgage Loans | RUB bil | ... | ... | ... | 8.63 | 6.62 | 5.65 | 5.93 | 5.96 | |||
| Consumer Loans | RUB bil | ... | ... | ... | 74.3 | 114 | 120 | 117 | 84.9 | |||
| Corporate Loans | RUB bil | ... | ... | ... | 20.8 | 16.1 | 14.4 | 7.80 | 11.2 | |||
| Debt Securities | RUB bil | ... | ... | ... | 8.24 | 16.1 | 14.0 | 28.9 | 18.4 | |||
| Fixed Assets | RUB bil | ... | ... | ... | 2.53 | 2.62 | 3.26 | 3.69 | 4.05 | |||
| Total Assets | RUB bil | ... | ... | ... | 117 | 142 | 144 | 169 | 128 | |||
| Shareholders' Equity | RUB bil | ... | ... | ... | 19.9 | 26.9 | 27.5 | 25.1 | 20.9 | |||
| Of Which Minority Interest | RUB bil | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||
| Liabilities | RUB bil | ... | ... | ... | 97.0 | 115 | 116 | 144 | 107 | |||
| Interbank Borrowing | RUB bil | ... | ... | ... | 12.3 | 10.3 | 8.60 | 24.5 | 9.12 | |||
| Customer Deposits | RUB bil | ... | ... | ... | 66.1 | 83.1 | 86.8 | 92.6 | 82.8 | |||
| Retail Deposits | RUB bil | ... | ... | ... | 45.2 | 55.8 | 58.0 | 63.7 | 59.3 | |||
| Corporate Deposits | RUB bil | ... | ... | ... | 20.9 | 27.3 | 28.8 | 29.0 | 23.5 | |||
| Sight Deposits | RUB bil | ... | ... | ... | ... | ... | 23.4 | 22.4 | 20.5 | 22.3 | ||
| Term Deposits | RUB bil | ... | ... | ... | ... | ... | 59.7 | 64.4 | 72.2 | 60.5 | ||
| Issued Debt Securities | RUB bil | ... | ... | ... | 16.5 | 18.5 | 18.0 | 6.40 | 5.96 | |||
| Other Liabilities | RUB bil | ... | ... | ... | 2.11 | 3.08 | 2.83 | 20.0 | 9.55 | |||
| asset quality | ||||||||||||
| Non-Performing Loans | RUB bil | ... | ... | ... | 15.0 | 25.8 | 25.3 | 19.3 | 19.8 | |||
| Gross Loans | RUB bil | ... | ... | ... | 104 | 125 | 132 | 130 | 102 | |||
| Total Provisions | RUB bil | ... | ... | ... | 13.5 | 23.5 | 26.2 | 22.1 | 22.4 | |||
| growth rates | ||||||||||||
| Customer Loan Growth | % | ... | ... | ... | ... | 32.7 | 12.9 | 3.74 | 2.50 | -26.4 | ||
| Retail Loan Growth | % | ... | ... | ... | ... | 43.8 | 45.9 | 4.10 | -2.60 | -25.8 | ||
| Mortgage Loan Growth | % | ... | ... | ... | ... | -12.8 | -23.3 | -14.6 | 4.92 | 0.518 | ||
| Consumer Loan Growth | % | ... | ... | ... | ... | 55.5 | 53.9 | 5.18 | -2.95 | -27.2 | ||
| Corporate Loan Growth | % | ... | ... | ... | ... | -0.140 | -22.8 | -10.4 | -45.8 | 43.4 | ||
| Total Asset Growth | % | ... | ... | ... | ... | 20.0 | 21.4 | 1.28 | 17.4 | -23.9 | ||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | 37.7 | 34.9 | 2.26 | -8.54 | -16.7 | ||
| Customer Deposit Growth | % | ... | ... | ... | ... | 12.8 | 25.7 | 4.52 | 6.68 | -10.6 | ||
| Retail Deposit Growth | % | ... | ... | ... | ... | 17.2 | 23.3 | 4.07 | 9.70 | -6.92 | ||
| Corporate Deposit Growth | % | ... | ... | ... | ... | 4.38 | 30.8 | 5.44 | 0.591 | -18.8 | ||
| market share | ||||||||||||
| Market Share in Customer Loans | % | ... | ... | ... | 0.363 | 0.341 | 0.297 | 0.238 | 0.162 | |||
| Market Share in Corporate Loans | % | ... | ... | ... | 0.128 | 0.086 | 0.068 | 0.028 | 0.037 | |||
| Market Share in Retail Loans | % | ... | ... | ... | 1.83 | 2.00 | 1.64 | 1.50 | 1.27 | |||
| Market Share in Consumer Loans | % | ... | ... | ... | 1.50 | 1.57 | 1.26 | 1.08 | 0.851 | |||
| Market Share in Mortgage Loans | % | ... | ... | ... | 0.583 | 0.331 | 0.213 | 0.168 | 0.150 | |||
| Market Share in Total Assets | % | ... | ... | ... | 0.300 | 0.304 | 0.265 | 0.231 | 0.167 | |||
| Market Share in Customer Deposits | % | ... | ... | ... | 0.375 | 0.404 | 0.364 | 0.295 | 0.221 | |||
| Market Share in Retail Deposits | % | ... | ... | ... | 0.385 | 0.391 | 0.342 | 0.343 | 0.255 | |||
| Market Share in Corporate Deposits | % | ... | ... | ... | 0.249 | 0.284 | 0.266 | 0.170 | 0.124 |
| ratios | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||
| ROE | % | ... | ... | ... | 34.9 | 27.4 | 3.22 | -6.85 | -18.5 | |||
| ROA | % | ... | ... | ... | 5.60 | 4.96 | 0.613 | -1.15 | -2.87 | |||
| Costs (As % Of Assets) | % | ... | ... | ... | 8.10 | 7.64 | 8.34 | 8.26 | 8.21 | |||
| Costs (As % Of Income) | % | ... | ... | ... | 38.1 | 35.2 | 36.6 | 42.4 | 49.1 | |||
| Capital Adequacy Ratio | % | ... | ... | ... | 19.3 | 16.2 | 14.0 | 12.1 | 13.3 | |||
| Tier 1 Ratio | % | ... | ... | ... | 17.8 | 15.2 | 12.2 | 9.89 | 10.1 | |||
| Net Interest Margin | % | ... | ... | ... | 18.7 | 19.3 | 19.1 | 16.5 | 13.2 | |||
| Interest Spread | % | ... | ... | ... | ... | 18.0 | 18.3 | 17.9 | 15.6 | 12.1 | ||
| Asset Yield | % | ... | ... | ... | 22.6 | 24.0 | 24.4 | 20.7 | 19.0 | |||
| Cost Of Liabilities | % | ... | ... | ... | ... | 4.58 | 5.71 | 6.53 | 5.02 | 6.91 | ||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 88.0 | 89.1 | 83.8 | 84.7 | 78.7 | |||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 11.0 | 10.3 | 9.52 | 11.4 | 13.0 | |||
| Other Income (As % Of Revenues) | % | ... | ... | ... | 1.01 | 0.601 | 6.68 | 3.97 | 8.30 | |||
| Cost Per Employee | USD per month | ... | ... | ... | 2,869 | 2,945 | 2,905 | 2,278 | 1,779 | |||
| Cost Per Employee (Local Currency) | RUB per month | ... | ... | ... | 84,336 | 91,480 | 92,537 | 106,605 | 118,883 | |||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 59.5 | 57.5 | 56.1 | 59.4 | 56.0 | |||
| Equity (As % Of Assets) | % | ... | ... | ... | 17.1 | 18.9 | 19.1 | 14.9 | 16.3 | |||
| Loans (As % Of Deposits) | % | ... | ... | ... | 136 | 123 | 122 | 117 | 96.3 | |||
| Loans (As % Assets) | % | ... | ... | ... | 77.2 | 71.8 | 73.5 | 64.2 | 62.1 | |||
| NPLs (As % Of Loans) | % | ... | ... | ... | 14.5 | 20.6 | 19.2 | 14.8 | 19.4 | |||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 89.9 | 90.9 | 104 | 115 | 113 | |||
| Provisions (As % Of Loans) | % | ... | ... | ... | 14.9 | 23.0 | 24.8 | 20.4 | 28.1 | |||
| Cost of Provisions (As % Of Loans) | % | ... | ... | ... | 8.15 | 10.5 | 18.9 | 18.3 | 19.0 |
| other data | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||
| Branches | 148 | 146 | 200 | 198 | 134 | |||||||
| Employees | 5,108 | 5,177 | 6,020 | 5,992 | 4,787 | |||||||
| ATMs | 242 | 255 | 222 | 228 | 233 | |||||||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | 28.2 | 25.8 | 22.1 | 26.9 |
Get all company financials in excel:
By Helgi Library - September 10, 2018
OTP Bank Russia's net interest margin amounted to 12.3% in 2017, down from 13.8% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 19.3% in 2012 and an all time low of 12.3% in 2017. The average marg...
By Helgi Library - September 10, 2018
OTP Bank Russia's cost to income ratio reached 63.8% in 2017, up from 56.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 63.8% of income in 2017 and an all time low of 35.2% in 2012. When compared to total asset...
By Helgi Library - September 10, 2018
OTP Bank Russia's cost to income ratio reached 63.8% in 2017, up from 56.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 63.8% of income in 2017 and an all time low of 35.2% in 2012. When compared to total asset...
By Helgi Library - September 10, 2018
OTP Bank Russia employed 4,956 persons in 2017, up 4.46% compared to the previous year. Historically, the bank's workforce hit an all time high of 6,020 persons in 2013 and an all time low of 3,787 in 2007. The bank operated a network of 134 branches and 2...
By Helgi Library - September 10, 2018
OTP Bank Russia employed 4,956 persons in 2017, up 4.46% compared to the previous year. Historically, the bank's workforce hit an all time high of 6,020 persons in 2013 and an all time low of 3,787 in 2007. The bank operated a network of 134 branches and 2...
By Helgi Library - September 10, 2018
OTP Bank Russia's non-performing loans reached 16.7% of total loans at the end of 2017, down from 21.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 21.5% in 2016 and an all time low of 12.3% in 2010. Provision coverage...
By Helgi Library - September 10, 2018
OTP Bank Russia's non-performing loans reached 16.7% of total loans at the end of 2017, down from 21.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 21.5% in 2016 and an all time low of 12.3% in 2010. Provision coverage...
By Helgi Library - September 10, 2018
OTP Bank Russia made a net profit of RUB 2.15 bil under revenues of RUB 21.1 bil in 2017, up -18.5% and -3.89% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 6.41 bil in 2012 and an all time low of RUB ...
By Helgi Library - September 10, 2018
OTP Bank Russia made a net profit of RUB 2.15 bil under revenues of RUB 21.1 bil in 2017, up -18.5% and -3.89% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 6.41 bil in 2012 and an all time low of RUB ...
By Helgi Library - September 10, 2018
OTP Bank Russia generated total banking revenues of RUB 21.1 bil in 2017, down 3.89% compared to the previous year. Russian banking sector banking sector generated total revenues of RUB 10,903,149 mil in 2017, down 16.9% when compared to the last year...
OTP Bank Russia has been growing its revenues and asset by -5.53% and -2.70% a year on average in the last 5 years. Its loans and deposits have grown by -6.23% and 0.854% a year during that time and loans to deposits ratio reached 85.2% at the end of 2017. The company achieved an average return on equity of -0.318% in the last five years with net profit growing -19.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.8% in 2017, compared to 49.7% average in the last five years.
Equity represented 20.8% of total assets or 34.8% of loans at the end of 2017. OTP Bank Russia's non-performing loans were 16.7% of total loans while provisions covered some 129% of NPLs at the end of 2017.
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