By Helgi Library - November 29, 2018
Piraeus Bank Romania's mortgage loans reached RON 703 mil in 2017, up 7.14% compared to the previous year. Romanian banking sec...
By Helgi Library - November 29, 2018
Piraeus Bank Romania's mortgage loans reached RON 703 mil in 2017, up 7.14% compared to the previous year. Romanian banking sec...
By Helgi Library - September 27, 2018
Piraeus Bank Romania's capital adequacy ratio reached 21.8% at the end of 2017, up from 19.6% compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RON mil | 247 | 163 | 167 |
| Net Fee Income | RON mil | 102 | 119 | 117 |
| Other Income | RON mil | 45.0 | 56.0 | 44.8 |
| Total Revenues | RON mil | 393 | 338 | 329 |
| Staff Cost | RON mil | 120 | 117 | 122 |
| Operating Profit | RON mil | 49.2 | 0.565 | -1.91 |
| Provisions | RON mil | 210 | 39.1 | -11.0 |
| Net Profit | RON mil | -252 | -31.5 | 10.8 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RON mil | 1,124 | 973 | 458 |
| Customer Loans | RON mil | 3,457 | 3,195 | 3,450 |
| Total Assets | RON mil | 7,087 | 6,564 | 6,440 |
| Shareholders' Equity | RON mil | 701 | 675 | 684 |
| Interbank Borrowing | RON mil | 2,096 | 1,081 | 980 |
| Customer Deposits | RON mil | 3,902 | 4,411 | 4,347 |
| Issued Debt Securities | RON mil | 249 | 250 | 256 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -32.4 | -4.58 | 1.59 |
| ROA | % | -3.14 | -0.462 | 0.166 |
| Costs (As % Of Assets) | % | 4.28 | 4.94 | 5.10 |
| Costs (As % Of Income) | % | 87.5 | 99.8 | 101 |
| Capital Adequacy Ratio | % | 17.3 | 19.6 | 21.8 |
| Net Interest Margin | % | 3.07 | 2.38 | 2.57 |
| Loans (As % Of Deposits) | % | 88.6 | 72.4 | 79.4 |
| NPLs (As % Of Loans) | % | 11.2 | 13.5 | 10.6 |
| Provisions (As % Of NPLs) | % | 60.1 | 54.1 | 61.7 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -28.6 | -14.1 | -2.49 |
| Operating Cost Growth | % | 1.31 | -1.99 | -1.76 |
| Operating Profit Growth | % | -76.7 | -98.9 | -438 |
| Net Profit Growth | % | -1,636 | -87.5 | -134 |
| Customer Loan Growth | % | -33.2 | -7.57 | 7.99 |
| Total Asset Growth | % | -21.2 | -7.38 | -1.89 |
| Customer Deposit Growth | % | -25.0 | 13.1 | -1.46 |
| Shareholders' Equity Growth | % | -18.1 | -3.66 | 1.28 |
| Employees | 1,414 | 1,322 | 1,300 | |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Net Interest Income | RON mil | ... | ... | ... | 255 | 228 | 201 | 259 | 247 | ||||||||
| Total Revenues | RON mil | ... | ... | ... | 660 | 569 | 503 | 550 | 393 | ||||||||
| Operating Profit | RON mil | ... | ... | ... | 245 | 134 | 177 | 211 | 49.2 | ||||||||
| Net Profit | RON mil | ... | ... | ... | 36.2 | -95.0 | 7.75 | 16.4 | -252 | ||||||||
| balance sheet | |||||||||||||||||
| Interbank Loans | RON mil | ... | ... | ... | 350 | 748 | 1,286 | 1,323 | 1,124 | ||||||||
| Customer Loans | RON mil | ... | ... | ... | 4,994 | 4,448 | 4,955 | 5,173 | 3,457 | ||||||||
| Debt Securities | RON mil | ... | ... | ... | 1,459 | 1,196 | 1,302 | 1,149 | 1,139 | ||||||||
| Total Assets | RON mil | ... | ... | ... | 8,453 | 7,826 | 9,108 | 8,991 | 7,087 | ||||||||
| Shareholders' Equity | RON mil | ... | ... | ... | 1,416 | 1,324 | 830 | 856 | 701 | ||||||||
| Interbank Borrowing | RON mil | ... | ... | ... | 2,570 | 2,304 | 2,896 | 2,453 | 2,096 | ||||||||
| Customer Deposits | RON mil | ... | ... | ... | 4,120 | 3,939 | 4,792 | 5,199 | 3,902 | ||||||||
| Issued Debt Securities | RON mil | ... | ... | ... | 65.0 | 66.5 | 355 | 355 | 249 | ||||||||
| ratios | |||||||||||||||||
| ROE | % | ... | ... | ... | 2.59 | -6.93 | 0.720 | 1.95 | -32.4 | ||||||||
| ROA | % | ... | ... | ... | 0.401 | -1.17 | 0.092 | 0.182 | -3.14 | ||||||||
| Costs (As % Of Assets) | % | ... | ... | ... | 4.60 | 5.34 | 3.86 | 3.75 | 4.28 | ||||||||
| Costs (As % Of Income) | % | ... | ... | ... | 62.9 | 76.4 | 64.9 | 61.7 | 87.5 | ||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 18.3 | 17.5 | 14.2 | 12.3 | 17.3 | ||||||
| Net Interest Margin | % | ... | ... | ... | 2.83 | 2.80 | 2.37 | 2.86 | 3.07 | ||||||||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 38.7 | 40.1 | 39.9 | 47.1 | 62.7 | ||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 45.9 | 53.1 | 36.7 | 32.6 | 25.8 | ||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 30.3 | 27.1 | 35.1 | 34.4 | 34.7 | ||||||||
| Equity (As % Of Assets) | % | ... | ... | ... | 16.8 | 16.9 | 9.12 | 9.52 | 9.89 | ||||||||
| Loans (As % Of Deposits) | % | ... | ... | ... | 121 | 113 | 103 | 99.5 | 88.6 | ||||||||
| Loans (As % Assets) | % | ... | ... | ... | 59.1 | 56.8 | 54.4 | 57.5 | 48.8 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 24.9 | 29.1 | 52.5 | 41.5 | 11.2 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 74.9 | 87.4 | 59.3 | 51.4 | 60.1 | ||||||
| valuation | |||||||||||||||||
| Book Value Per Share Growth | % | ... | ... | ... | ... | -32.5 | -10.7 | -11.9 | 28.9 | -4.83 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Interest Income | RON mil | ... | ... | ... | 675 | 566 | 490 | 489 | 384 | ||||||||
| Interest Cost | RON mil | ... | ... | ... | 420 | 338 | 289 | 230 | 138 | ||||||||
| Net Interest Income | RON mil | ... | ... | ... | 255 | 228 | 201 | 259 | 247 | ||||||||
| Net Fee Income | RON mil | ... | ... | ... | 303 | 302 | 184 | 180 | 102 | ||||||||
| Other Income | RON mil | ... | ... | ... | 102 | 38.6 | 118 | 112 | 45.0 | ||||||||
| Total Revenues | RON mil | ... | ... | ... | 660 | 569 | 503 | 550 | 393 | ||||||||
| Staff Cost | RON mil | ... | ... | ... | 126 | 118 | 114 | 117 | 120 | ||||||||
| Depreciation | RON mil | ... | ... | ... | 55.4 | 57.9 | 36.7 | 36.8 | 34.2 | ||||||||
| Other Cost | RON mil | ... | ... | ... | 234 | 259 | 175 | 186 | 190 | ||||||||
| Operating Cost | RON mil | ... | ... | ... | 415 | 435 | 326 | 340 | 344 | ||||||||
| Operating Profit | RON mil | ... | ... | ... | 245 | 134 | 177 | 211 | 49.2 | ||||||||
| Provisions | RON mil | ... | ... | ... | 197 | 304 | 195 | 168 | 210 | ||||||||
| Extra and Other Cost | RON mil | ... | ... | ... | 0 | 0 | -27.9 | 18.0 | 29.1 | ||||||||
| Pre-Tax Profit | RON mil | ... | ... | ... | 47.8 | -170 | 9.49 | 25.2 | -190 | ||||||||
| Tax | RON mil | ... | ... | ... | 11.6 | -75.3 | 1.74 | 8.80 | 62.4 | ||||||||
| Minorities | RON mil | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||||
| Net Profit | RON mil | ... | ... | ... | 36.2 | -95.0 | 7.75 | 16.4 | -252 | ||||||||
| growth rates | |||||||||||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | -32.5 | -10.7 | -11.9 | 28.9 | -4.83 | |||||||
| Net Fee Income Growth | % | ... | ... | ... | ... | -3.97 | -0.215 | -38.9 | -2.70 | -43.4 | |||||||
| Total Revenue Growth | % | ... | ... | ... | ... | -30.2 | -13.8 | -11.6 | 9.41 | -28.6 | |||||||
| Operating Cost Growth | % | ... | ... | ... | ... | 2.37 | 4.66 | -24.9 | 4.02 | 1.31 | |||||||
| Operating Profit Growth | % | ... | ... | ... | ... | -54.6 | -45.2 | 31.7 | 19.4 | -76.7 | |||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | -44.3 | -456 | -106 | 166 | -853 | |||||||
| Net Profit Growth | % | ... | ... | ... | ... | -45.5 | -362 | -108 | 112 | -1,636 | |||||||
| market share | |||||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | 2.88 | ... | ... | ... | ... | ... | ... | ||||||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| Market Share in Employees | % | ... | 2.72 | 2.59 | 2.76 | 2.67 | 2.53 | ||||||||||
| Market Share in Branches | % | ... | ... | ... | 2.94 | 2.52 | ... | ... | ... | ... | ... |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||
| Cash | RON mil | ... | ... | ... | 1,261 | 941 | 1,006 | 1,079 | 894 | ||||||||
| Interbank Loans | RON mil | ... | ... | ... | 350 | 748 | 1,286 | 1,323 | 1,124 | ||||||||
| Customer Loans | RON mil | ... | ... | ... | 4,994 | 4,448 | 4,955 | 5,173 | 3,457 | ||||||||
| Retail Loans | RON mil | ... | ... | ... | 4,790 | 4,510 | 2,981 | 2,778 | 2,125 | ||||||||
| Mortgage Loans | RON mil | ... | ... | ... | 588 | 614 | 669 | 741 | 649 | ||||||||
| Consumer Loans | RON mil | ... | ... | ... | 4,203 | 3,896 | 2,312 | 2,037 | 1,476 | ||||||||
| Corporate Loans | RON mil | ... | ... | ... | 1,352 | 1,453 | 1,974 | 2,395 | 1,581 | ||||||||
| Debt Securities | RON mil | ... | ... | ... | 1,459 | 1,196 | 1,302 | 1,149 | 1,139 | ||||||||
| Fixed Assets | RON mil | ... | ... | ... | 284 | 239 | 233 | 96.3 | 75.0 | ||||||||
| Total Assets | RON mil | ... | ... | ... | 8,453 | 7,826 | 9,108 | 8,991 | 7,087 | ||||||||
| Shareholders' Equity | RON mil | ... | ... | ... | 1,416 | 1,324 | 830 | 856 | 701 | ||||||||
| Of Which Minority Interest | RON mil | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||||
| Liabilities | RON mil | ... | ... | ... | 7,037 | 6,502 | 8,278 | 8,135 | 6,386 | ||||||||
| Interbank Borrowing | RON mil | ... | ... | ... | 2,570 | 2,304 | 2,896 | 2,453 | 2,096 | ||||||||
| Customer Deposits | RON mil | ... | ... | ... | 4,120 | 3,939 | 4,792 | 5,199 | 3,902 | ||||||||
| Retail Deposits | RON mil | ... | ... | ... | 2,266 | 2,167 | 2,428 | 2,579 | 2,082 | ||||||||
| Corporate Deposits | RON mil | ... | ... | ... | 1,854 | 1,773 | 2,364 | 2,620 | 1,820 | ||||||||
| Sight Deposits | RON mil | ... | ... | ... | 507 | 451 | 612 | 694 | 806 | ||||||||
| Term Deposits | RON mil | ... | ... | ... | 3,614 | 3,488 | 4,180 | 4,505 | 3,096 | ||||||||
| Issued Debt Securities | RON mil | ... | ... | ... | 65.0 | 66.5 | 355 | 355 | 249 | ||||||||
| Other Liabilities | RON mil | ... | ... | ... | 282 | 192 | 235 | 128 | 139 | ||||||||
| asset quality | |||||||||||||||||
| Non-Performing Loans | RON mil | ... | ... | ... | ... | ... | 1,532 | 1,735 | 3,779 | 2,732 | 414 | ||||||
| Gross Loans | RON mil | ... | ... | ... | 6,142 | 5,964 | 7,196 | 6,577 | 3,705 | ||||||||
| Total Provisions | RON mil | ... | ... | ... | 1,148 | 1,516 | 2,241 | 1,404 | 249 | ||||||||
| growth rates | |||||||||||||||||
| Customer Loan Growth | % | ... | ... | ... | ... | -8.76 | -10.9 | 11.4 | 4.41 | -33.2 | |||||||
| Retail Loan Growth | % | ... | ... | ... | ... | 2.72 | -5.85 | -33.9 | -6.80 | -23.5 | |||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | 0.970 | 4.48 | 8.92 | 10.8 | -12.4 | |||||||
| Consumer Loan Growth | % | ... | ... | ... | ... | 2.97 | -7.29 | -40.7 | -11.9 | -27.6 | |||||||
| Corporate Loan Growth | % | ... | ... | ... | ... | 66.9 | 7.51 | 35.8 | 21.3 | -34.0 | |||||||
| Total Asset Growth | % | ... | ... | ... | ... | -12.1 | -7.42 | 16.4 | -1.29 | -21.2 | |||||||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | 2.68 | -6.49 | -37.3 | 3.09 | -18.1 | |||||||
| Customer Deposit Growth | % | ... | ... | ... | ... | -22.2 | -4.39 | 21.6 | 8.49 | -25.0 | |||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | -22.2 | -4.39 | 12.1 | 6.23 | -19.3 | |||||||
| Corporate Deposit Growth | % | ... | ... | ... | ... | -22.2 | -4.39 | 33.4 | 10.8 | -30.5 | |||||||
| market share | |||||||||||||||||
| Market Share in Customer Loans | % | ... | ... | ... | 2.24 | 1.97 | 2.27 | 2.45 | 1.59 | ||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | 1.17 | 1.22 | 1.76 | 2.27 | 1.51 | ||||||||
| Market Share in Retail Loans | % | ... | ... | ... | 5.93 | 5.78 | 3.70 | 3.54 | 2.64 | ||||||||
| Market Share in Consumer Loans | % | ... | ... | ... | 4.59 | 4.32 | 2.89 | 2.72 | 1.97 | ||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | 1.76 | 1.66 | 1.64 | 1.66 | 1.25 | ||||||||
| Market Share in Total Assets | % | ... | ... | ... | 2.39 | 2.14 | 2.51 | 2.47 | 1.88 | ||||||||
| Market Share in Customer Deposits | % | ... | ... | ... | 2.20 | 2.00 | 2.22 | 2.23 | 1.54 | ||||||||
| Market Share in Retail Deposits | % | ... | ... | ... | 2.01 | 1.77 | 1.87 | 1.87 | 1.42 | ||||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | 2.97 | 2.90 | 3.34 | 3.26 | 1.99 |
| ratios | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||||
| ROE | % | ... | ... | ... | 2.59 | -6.93 | 0.720 | 1.95 | -32.4 | ||||||||
| ROA | % | ... | ... | ... | 0.401 | -1.17 | 0.092 | 0.182 | -3.14 | ||||||||
| Costs (As % Of Assets) | % | ... | ... | ... | 4.60 | 5.34 | 3.86 | 3.75 | 4.28 | ||||||||
| Costs (As % Of Income) | % | ... | ... | ... | 62.9 | 76.4 | 64.9 | 61.7 | 87.5 | ||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 18.3 | 17.5 | 14.2 | 12.3 | 17.3 | ||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | 18.3 | 17.5 | 11.4 | 10.7 | 14.9 | ||||||
| Net Interest Margin | % | ... | ... | ... | 2.83 | 2.80 | 2.37 | 2.86 | 3.07 | ||||||||
| Interest Spread | % | ... | ... | ... | ... | 1.98 | 1.96 | 1.88 | 2.60 | 2.88 | |||||||
| Asset Yield | % | ... | ... | ... | 7.47 | 6.96 | 5.78 | 5.40 | 4.78 | ||||||||
| Cost Of Liabilities | % | ... | ... | ... | ... | 5.50 | 4.99 | 3.91 | 2.80 | 1.89 | |||||||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 38.7 | 40.1 | 39.9 | 47.1 | 62.7 | ||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 45.9 | 53.1 | 36.7 | 32.6 | 25.8 | ||||||||
| Other Income (As % Of Revenues) | % | ... | ... | ... | 15.4 | 6.78 | 23.4 | 20.3 | 11.4 | ||||||||
| Cost Per Employee | USD per month | ... | ... | ... | 1,925 | 1,768 | 1,773 | 1,821 | 1,795 | ||||||||
| Cost Per Employee (Local Currency) | RON per month | ... | ... | ... | 5,870 | 6,135 | 5,901 | 6,324 | 7,046 | ||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 30.3 | 27.1 | 35.1 | 34.4 | 34.7 | ||||||||
| Equity (As % Of Assets) | % | ... | ... | ... | 16.8 | 16.9 | 9.12 | 9.52 | 9.89 | ||||||||
| Loans (As % Of Deposits) | % | ... | ... | ... | 121 | 113 | 103 | 99.5 | 88.6 | ||||||||
| Loans (As % Assets) | % | ... | ... | ... | 59.1 | 56.8 | 54.4 | 57.5 | 48.8 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 24.9 | 29.1 | 52.5 | 41.5 | 11.2 | ||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 74.9 | 87.4 | 59.3 | 51.4 | 60.1 | ||||||
| Provisions (As % Of Loans) | % | ... | ... | ... | 23.0 | 34.1 | 45.2 | 27.2 | 7.20 | ||||||||
| Cost of Provisions (As % Of Loans) | % | ... | ... | ... | 3.76 | 6.45 | 4.15 | 3.31 | 4.87 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||
| Branches | ... | ... | ... | 178 | 144 | 140 | 130 | 120 | |||||||||
| Employees | 1,787 | 1,598 | 1,617 | 1,540 | 1,414 | ||||||||||||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | 12.3 | 11.5 | 12.8 | 13.3 | 20.7 | ||||||||
| Risk-Weighted Assets | RON mil | ... | ... | ... | ... | ... | 4,284 | 5,166 | 5,549 | 6,263 | 4,404 |
Get all company financials in excel:
By Helgi Library - September 27, 2018
Piraeus Bank Romania's capital adequacy ratio reached 21.8% at the end of 2017, up from 19.6% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 21.8% in 2017 and an all time low of 12.1% in 2008. The Tier 1 ratio am...
By Helgi Library - September 27, 2018
Piraeus Bank Romania made a net profit of RON 10.8 mil in 2017, up 134% compared to the previous year. This implies a return on equity of 1.59%. Historically, the bank’s net profit reached an all time high of RON 170 mil in 2008 and an all time low of RON -...
By Helgi Library - September 27, 2018
Piraeus Bank Romania made a net profit of RON 10.8 mil in 2017, up 134% compared to the previous year. This implies a return on equity of 1.59%. Historically, the bank’s net profit reached an all time high of RON 170 mil in 2008 and an all time low of RON -...
By Helgi Library - September 27, 2018
Piraeus Bank Romania's non-performing loans reached 10.6% of total loans at the end of 2017, down from 13.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 52.5% in 2013 and an all time low of 1.96% in 2007. Provision cov...
By Helgi Library - September 27, 2018
Piraeus Bank Romania's non-performing loans reached 10.6% of total loans at the end of 2017, down from 13.5% compared to the previous year. Historically, the NPL ratio hit an all time high of 52.5% in 2013 and an all time low of 1.96% in 2007. Provision cov...
By Helgi Library - September 27, 2018
Piraeus Bank Romania's consumer loans reached RON 1,014 mil in 2017, down 15.0% compared to the previous year. Romanian banking sector provided consumer loans of RON 55.7 bil in 2017, up 1.95% when compared to the last year. Piraeus Bank Romania accounted...
By Helgi Library - September 27, 2018
Piraeus Bank Romania's consumer loans reached RON 1,014 mil in 2017, down 15.0% compared to the previous year. Romanian banking sector provided consumer loans of RON 55.7 bil in 2017, up 1.95% when compared to the last year. Piraeus Bank Romania accounted...
By Helgi Library - September 27, 2018
Piraeus Bank Romania's net interest margin amounted to 2.57% in 2017, up from 2.38% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.16% in 2008 and an all time low of 2.37% in 2013. The average m...
By Helgi Library - September 27, 2018
Piraeus Bank Romania's net interest margin amounted to 2.57% in 2017, up from 2.38% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.16% in 2008 and an all time low of 2.37% in 2013. The average m...
By Helgi Library - September 27, 2018
Piraeus Bank Romania employed 1,300 persons in 2017, down 1.66% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,946 persons in 2008 and an all time low of 417 in 2005. Average cost reached USD 1,906 per month per e...
Piraeus Bank Romania has been growing its revenues and asset by -0.150% and 0.497% a year on average in the last 10 years. Its loans and deposits have grown by -1.72% and 8.14% a year during that time and loans to deposits ratio reached 79.4% at the end of 2017. The company achieved an average return on equity of -0.974% in the last decade with net profit growing -15.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 101% in 2017, compared to 69.4% average in the last decade.
Equity represented 10.6% of total assets or 19.8% of loans at the end of 2017. Piraeus Bank Romania's non-performing loans were 10.6% of total loans while provisions covered some 61.7% of NPLs at the end of 2017.
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