| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RSD mil | 2,189 | 1,376 | 1,619 |
| Net Fee Income | RSD mil | 457 | 429 | 439 |
| Other Income | RSD mil | 1,222 | 923 | 749 |
| Total Revenues | RSD mil | 3,868 | 2,728 | 2,807 |
| Staff Cost | RSD mil | 884 | 849 | 829 |
| Operating Profit | RSD mil | 1,245 | 467 | 474 |
| Provisions | RSD mil | 5,198 | 445 | 3.09 |
| Net Profit | RSD mil | -3,954 | 25.9 | 439 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RSD mil | 4,769 | 2,670 | 1,083 |
| Customer Loans | RSD mil | 31,181 | 34,598 | 35,761 |
| Total Assets | RSD mil | 52,547 | 52,243 | 51,063 |
| Shareholders' Equity | RSD mil | 12,293 | 12,331 | 12,776 |
| Interbank Borrowing | RSD mil | 5,489 | 3,369 | 4,258 |
| Customer Deposits | RSD mil | 30,345 | 31,960 | 29,651 |
| Issued Debt Securities | RSD mil | 4,085 | 4,148 | 3,980 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | -27.7 | 0.210 | 3.50 |
| ROA | % | -7.08 | 0.049 | 0.851 |
| Costs (As % Of Assets) | % | 4.69 | 4.31 | 4.52 |
| Costs (As % Of Income) | % | 67.8 | 82.9 | 83.1 |
| Capital Adequacy Ratio | % | 22.7 | ... | 33.3 |
| Net Interest Margin | % | 3.92 | 2.63 | 3.13 |
| Loans (As % Of Deposits) | % | 103 | 108 | 121 |
| NPLs (As % Of Loans) | % | 10.4 | 18.1 | 7.96 |
| Provisions (As % Of NPLs) | % | 35.4 | 116 | 112 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 14.4 | -29.5 | 2.89 |
| Operating Cost Growth | % | 3.93 | -13.8 | 3.18 |
| Operating Profit Growth | % | 45.2 | -62.5 | 1.47 |
| Net Profit Growth | % | 191 | -101 | 1,596 |
| Customer Loan Growth | % | -30.1 | 11.0 | 3.36 |
| Total Asset Growth | % | -11.3 | -0.578 | -2.26 |
| Customer Deposit Growth | % | -1.40 | 5.32 | -7.22 |
| Shareholders' Equity Growth | % | -24.3 | 0.315 | 3.60 |
Get all company financials in excel:
| summary | Unit | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||
| Net Interest Income | RSD mil | 1,893 | 2,189 | ||
| Total Revenues | RSD mil | 3,382 | 3,868 | ||
| Operating Profit | RSD mil | 857 | 1,245 | ||
| Net Profit | RSD mil | -1,359 | -3,954 | ||
| balance sheet | |||||
| Interbank Loans | RSD mil | 1,336 | 4,769 | ||
| Customer Loans | RSD mil | 44,621 | 31,181 | ||
| Debt Securities | RSD mil | 1,851 | 3,618 | ||
| Total Assets | RSD mil | 59,232 | 52,547 | ||
| Shareholders' Equity | RSD mil | 16,247 | 12,293 | ||
| Interbank Borrowing | RSD mil | 7,791 | 5,489 | ||
| Customer Deposits | RSD mil | 30,777 | 30,345 | ||
| Issued Debt Securities | RSD mil | 4,068 | 4,085 | ||
| ratios | |||||
| ROE | % | -8.37 | -27.7 | ||
| ROA | % | -2.29 | -7.08 | ||
| Costs (As % Of Assets) | % | 4.26 | 4.69 | ||
| Costs (As % Of Income) | % | 74.6 | 67.8 | ||
| Capital Adequacy Ratio | % | ... | 22.7 | ... | |
| Net Interest Margin | % | 3.20 | 3.92 | ||
| Interest Income (As % Of Revenues) | % | 56.0 | 56.6 | ||
| Fee Income (As % Of Revenues) | % | 15.8 | 11.8 | ||
| Staff Cost (As % Of Total Cost) | % | 36.6 | 33.7 | ||
| Equity (As % Of Assets) | % | 27.4 | 23.4 | ||
| Loans (As % Of Deposits) | % | 145 | 103 | ||
| Loans (As % Assets) | % | 75.3 | 59.3 | ||
| NPLs (As % Of Loans) | % | 3.95 | 10.4 | ||
| Provisions (As % Of NPLs) | % | 28.6 | 35.4 | ||
| valuation | |||||
| Book Value Per Share Growth | % | ... | 15.7 |
| income statement | Unit | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||
| Interest Income | RSD mil | 3,320 | 3,037 | ||
| Interest Cost | RSD mil | 1,427 | 847 | ||
| Net Interest Income | RSD mil | 1,893 | 2,189 | ||
| Net Fee Income | RSD mil | 534 | 457 | ||
| Other Income | RSD mil | 955 | 1,222 | ||
| Total Revenues | RSD mil | 3,382 | 3,868 | ||
| Staff Cost | RSD mil | 923 | 884 | ||
| Depreciation | RSD mil | 131 | 120 | ||
| Other Cost | RSD mil | 1,470 | 1,620 | ||
| Operating Cost | RSD mil | 2,524 | 2,623 | ||
| Operating Profit | RSD mil | 857 | 1,245 | ||
| Provisions | RSD mil | 2,197 | 5,198 | ||
| Extra and Other Cost | RSD mil | 0 | 0 | ||
| Pre-Tax Profit | RSD mil | -1,340 | -3,953 | ||
| Tax | RSD mil | 19.6 | 1.25 | ||
| Minorities | RSD mil | 0 | 0 | ||
| Net Profit | RSD mil | -1,359 | -3,954 | ||
| growth rates | |||||
| Net Interest Income Growth | % | ... | 15.7 | ||
| Net Fee Income Growth | % | ... | -14.3 | ||
| Total Revenue Growth | % | ... | 14.4 | ||
| Operating Cost Growth | % | ... | 3.93 | ||
| Operating Profit Growth | % | ... | 45.2 | ||
| Pre-Tax Profit Growth | % | ... | 195 | ||
| Net Profit Growth | % | ... | 191 | ||
| market share | |||||
| Market Share in Revenues | % | 1.94 | 2.11 | ||
| Market Share in Net Profit | % | ... | ... |
| ratios | Unit | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||
| ROE | % | -8.37 | -27.7 | ||
| ROA | % | -2.29 | -7.08 | ||
| Costs (As % Of Assets) | % | 4.26 | 4.69 | ||
| Costs (As % Of Income) | % | 74.6 | 67.8 | ||
| Capital Adequacy Ratio | % | ... | 22.7 | ... | |
| Net Interest Margin | % | 3.20 | 3.92 | ||
| Interest Spread | % | ... | 3.40 | ||
| Asset Yield | % | 5.60 | 5.43 | ||
| Cost Of Liabilities | % | ... | 2.04 | ||
| Interest Income (As % Of Revenues) | % | 56.0 | 56.6 | ||
| Fee Income (As % Of Revenues) | % | 15.8 | 11.8 | ||
| Other Income (As % Of Revenues) | % | 28.2 | 31.6 | ||
| Staff Cost (As % Of Total Cost) | % | 36.6 | 33.7 | ||
| Equity (As % Of Assets) | % | 27.4 | 23.4 | ||
| Loans (As % Of Deposits) | % | 145 | 103 | ||
| Loans (As % Assets) | % | 75.3 | 59.3 | ||
| NPLs (As % Of Loans) | % | 3.95 | 10.4 | ||
| Provisions (As % Of NPLs) | % | 28.6 | 35.4 | ||
| Provisions (As % Of Loans) | % | 1.14 | 3.80 | ||
| Cost of Provisions (As % Of Loans) | % | 4.92 | 13.7 |
Get all company financials in excel:
Piraeus Bank Serbia has been growing its revenues and asset by -6.02% and -4.83% a year on average in the last 3 years. Its loans and deposits have grown by -7.11% and -1.23% a year during that time and loans to deposits ratio reached 121% at the end of 2017. The company achieved an average return on equity of -8.00% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 83.1% in 2017, compared to 77.9% average in the last three years.
Equity represented 25.0% of total assets or 35.7% of loans at the end of 2017. Piraeus Bank Serbia's non-performing loans were 7.96% of total loans while provisions covered some 112% of NPLs at the end of 2017.
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