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Prima Banka Slovakia

Prima Banka's mortgage loans rose 70.0% to EUR 1,778 mil in 2017

By Helgi Library - December 12, 2019

Prima Banka Slovakia's mortgage loans reached EUR 1,778 mil in 2017, up 70.0% compared to the previous year. Slovak banking sec...

Prima Banka's mortgage loans rose 70.0% to EUR 1,778 mil in 2017

By Helgi Library - December 12, 2019

Prima Banka Slovakia's mortgage loans reached EUR 1,778 mil in 2017, up 70.0% compared to the previous year. Slovak banking sec...

Prima Banka's employees rose 37.0% to 959 in 2017

By Helgi Library - May 25, 2018

Prima Banka Slovakia employed 959 persons in 2017, up 37.0% when compared to the previous year. Historically, the bank's workfor...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 52.1 48.5 56.3
Net Fee Income EUR mil 15.5 14.7 18.3
Other Income EUR mil 0.423 2.43 0.331
Total Revenues EUR mil 68.0 65.7 75.0
Staff Cost EUR mil 17.0 17.9 21.5
Operating Profit EUR mil 21.4 23.6 27.5
Provisions EUR mil 12.9 7.66 9.18
Net Profit EUR mil 5.01 10.5 14.9
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 129 104 287
Customer Loans EUR mil 1,491 1,640 2,791
Total Assets EUR mil 2,037 2,150 3,553
Shareholders' Equity EUR mil 134 146 304
Interbank Borrowing EUR mil 50.0 35.1 30.4
Customer Deposits EUR mil 1,682 1,858 3,080
Issued Debt Securities EUR mil 116 76.1 120
Ratios 2015 2016 2017
ROE % 3.87 7.47 6.65
ROA % 0.254 0.499 0.524
Costs (As % Of Assets) % 2.36 2.01 1.67
Costs (As % Of Income) % 68.5 64.1 63.4
Capital Adequacy Ratio % 13.7 12.8 16.4
Net Interest Margin % 2.64 2.32 1.98
Loans (As % Of Deposits) % 88.6 88.2 90.6
NPLs (As % Of Loans) % 6.39 5.90 8.05
Provisions (As % Of NPLs) % 89.4 84.2 84.7
Growth Rates 2015 2016 2017
Total Revenue Growth % 5.61 -3.40 14.1
Operating Cost Growth % -6.44 -9.56 12.7
Operating Profit Growth % 46.8 10.0 16.6
Net Profit Growth % 881 109 43.0
Customer Loan Growth % 14.6 10.00 70.2
Total Asset Growth % 6.52 5.54 65.3
Customer Deposit Growth % 14.9 10.5 65.7
Shareholders' Equity Growth % 7.42 8.53 109
Employees 692 700 959

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summary Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                          
Net Interest Income EUR mil                             40.5 38.2 40.0 50.0 52.1    
Total Revenues EUR mil                             54.4 53.2 53.1 64.4 68.0    
Operating Profit EUR mil                             0.047 1.69 6.32 14.6 21.4    
Net Profit EUR mil                             -11.7 -8.28 -5.63 0.511 5.01    
balance sheet                                          
Interbank Loans EUR mil                             130 113 105 85.2 129    
Customer Loans EUR mil                             1,224 1,139 1,180 1,301 1,491    
Debt Securities EUR mil                             454 550 517 410 304    
Total Assets EUR mil                             1,912 1,979 1,900 1,912 2,037    
Shareholders' Equity EUR mil                             86.9 81.9 102 125 134    
Interbank Borrowing EUR mil                             61.3 267 113 182 50.0    
Customer Deposits EUR mil                             1,552 1,464 1,516 1,464 1,682    
Issued Debt Securities EUR mil                             112 78.1 96.7 88.5 116    
ratios                                          
ROE %                             -14.5 -9.82 -6.11 0.450 3.87    
ROA %                             -0.516 -0.426 -0.290 0.027 0.254    
Costs (As % Of Assets) %                             2.40 2.65 2.41 2.61 2.36    
Costs (As % Of Income) %                             99.9 96.8 88.1 77.4 68.5    
Capital Adequacy Ratio %                             13.7 16.3 14.4 14.4 13.7    
Net Interest Margin %                             1.79 1.96 2.06 2.62 2.64    
Interest Income (As % Of Revenues) %                             74.5 71.7 75.4 77.6 76.5    
Fee Income (As % Of Revenues) %                             21.1 26.0 24.4 22.1 22.8    
Staff Cost (As % Of Total Cost) %                             41.2 32.6 33.9 34.9 36.4    
Equity (As % Of Assets) %                             4.54 4.14 5.39 6.53 6.59    
Loans (As % Of Deposits) %                             78.9 77.8 77.8 88.9 88.6    
Loans (As % Assets) %                             64.0 57.6 62.1 68.0 73.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...           11.5 13.1 12.9 7.86 6.39    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           91.3 91.1 95.5 73.3 89.4    
valuation                                          
Book Value Per Share Growth % ...                           -5.41 -5.86 4.95 24.9 4.09    
income statement Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                          
Interest Income EUR mil                             96.3 72.2 73.9 75.8 73.1    
Interest Cost EUR mil                             55.7 34.1 33.8 25.8 21.1    
Net Interest Income EUR mil                             40.5 38.2 40.0 50.0 52.1    
Net Fee Income EUR mil                             11.5 13.8 12.9 14.3 15.5    
Other Income EUR mil                             2.43 1.21 0.141 0.141 0.423    
Total Revenues EUR mil                             54.4 53.2 53.1 64.4 68.0    
Staff Cost EUR mil                             22.4 16.8 15.9 17.4 17.0    
Depreciation EUR mil                             8.11 5.38 4.75 5.10 4.29    
Other Cost EUR mil                             23.8 29.3 26.2 27.3 25.4    
Operating Cost EUR mil                             54.4 51.5 46.8 49.8 46.6    
Operating Profit EUR mil                             0.047 1.69 6.32 14.6 21.4    
Provisions EUR mil                             14.5 13.8 11.7 12.7 12.9    
Extra and Other Cost EUR mil                             0 0 0 0.360 < 0.001    
Pre-Tax Profit EUR mil                             -14.5 -12.1 -5.40 1.54 8.50    
Tax EUR mil                             2.77 -3.81 0.226 1.03 3.49    
Minorities EUR mil                             0 0 0 0 0    
Net Profit EUR mil                             -11.7 -8.28 -5.63 0.511 5.01    
growth rates                                          
Net Interest Income Growth % ...                           -5.41 -5.86 4.95 24.9 4.09    
Net Fee Income Growth % ...                           15.6 20.6 -6.47 10.2 9.04    
Total Revenue Growth % ...                           -0.921 -2.26 -0.141 21.3 5.61    
Operating Cost Growth % ...                           11.6 -5.28 -9.14 6.47 -6.44    
Operating Profit Growth % ...                           -99.2 3,489 275 131 46.8    
Pre-Tax Profit Growth % ...                           -1,451 -16.4 -55.3 -129 451    
Net Profit Growth % ...                           -1,505 -29.2 -32.1 -109 881    
market share                                          
Market Share in Revenues %                             2.22 2.54 2.29 2.62 2.99    
Market Share in Net Profit % ... ... ...                 ... ...   ... ... ... 0.091 0.827    
Market Share in Employees %                             3.62 3.32 3.58 3.77 3.66    
Market Share in Debit Cards % ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ... ...
Market Share in Credit Cards % ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ...
Market Share in Branches %                             4.74 7.16 9.61 10.8 11.3    
balance sheet Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                          
Cash EUR mil                             64.9 136 59.9 80.0 84.6    
Interbank Loans EUR mil                             130 113 105 85.2 129    
Customer Loans EUR mil                             1,224 1,139 1,180 1,301 1,491    
Retail Loans EUR mil ... ... ... ... ... ... ...               308 340 500 622 847    
Mortgage Loans EUR mil ... ... ... ... ... ... ...               272 272 414 622 726    
Consumer Loans EUR mil ... ... ... ... ... ... ...               24.3 52.3 71.3 100.0 121    
Corporate Loans EUR mil ... ... ... ... ... ... ...               544 524 470 351 376    
Debt Securities EUR mil                             454 550 517 410 304    
Fixed Assets EUR mil                             23.9 23.1 21.5 19.3 13.7    
Total Assets EUR mil                             1,912 1,979 1,900 1,912 2,037    
Shareholders' Equity EUR mil                             86.9 81.9 102 125 134    
Of Which Minority Interest EUR mil                             0 0 0 0 0    
Liabilities EUR mil                             1,825 1,898 1,798 1,787 1,903    
Interbank Borrowing EUR mil                             61.3 267 113 182 50.0    
Customer Deposits EUR mil                             1,552 1,464 1,516 1,464 1,682    
Retail Deposits EUR mil ... ... ... ... ... ... ...               941 948 1,019 1,031 1,175    
Corporate Deposits EUR mil ... ... ... ... ... ... ...               354 271 229 217 254    
Sight Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 608 623 743    
Term Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 795 841 939    
Issued Debt Securities EUR mil                             112 78.1 96.7 88.5 116    
Other Liabilities EUR mil                             100.0 88.5 72.4 52.4 54.0    
asset quality                                          
Non-Performing Loans EUR mil ... ... ... ... ... ... ... ... ...           157 170 173 108 101    
Gross Loans EUR mil ... ... ... ... ... ... ... ... ...           1,368 1,294 1,346 1,380 1,581    
Total Provisions EUR mil ... ... ... ... ... ... ... ... ...           143 155 166 79.5 90.3    
growth rates                                          
Customer Loan Growth % ...                           -33.8 -6.96 3.59 10.2 14.6    
Retail Loan Growth % ... ... ... ... ... ... ... ...             -2.37 10.5 46.9 24.5 36.2    
Mortgage Loan Growth % ... ... ... ... ... ... ... ...             -2.18 -0.042 52.4 50.2 16.7    
Consumer Loan Growth % ... ... ... ... ... ... ... ...             8.67 115 36.3 40.2 21.2    
Corporate Loan Growth % ... ... ... ... ... ... ... ...             -34.5 -3.65 -10.2 -25.4 7.06    
Total Asset Growth % ...                           -27.1 3.52 -3.99 0.624 6.52    
Shareholders' Equity Growth % ...                           16.3 -5.80 25.1 22.0 7.42    
Customer Deposit Growth % ...                           -6.50 -5.64 3.56 -3.44 14.9    
Retail Deposit Growth % ... ... ... ... ... ... ... ...             12.3 0.756 7.49 1.12 14.0    
Corporate Deposit Growth % ... ... ... ... ... ... ... ...             -34.4 -23.3 -15.4 -5.30 16.9    
market share                                          
Market Share in Customer Loans %                             3.36 3.07 3.01 3.11 3.28    
Market Share in Corporate Loans % ... ... ... ... ... ... ...               3.50 3.50 3.22 2.44 2.39    
Market Share in Retail Loans % ... ... ... ... ... ... ...               0.500 1.03 1.36 1.76 1.96    
Market Share in Consumer Loans % ... ... ... ... ... ... ...               1.79 1.81 2.43 2.70 3.27    
Market Share in Mortgage Loans % ... ... ... ... ... ... ...               2.21 1.98 2.71 3.58 3.68    
Market Share in Total Assets %                             3.24 3.31 3.11 2.98 2.95    
Market Share in Customer Deposits %                             3.87 3.46 3.42 3.18 3.33    
Market Share in Retail Deposits % ... ... ... ... ... ... ...               3.74 3.56 3.72 3.61 3.78    
Market Share in Corporate Deposits % ... ... ... ... ... ... ...               3.81 2.84 2.12 2.02 2.15    
ratios Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                          
ROE %                             -14.5 -9.82 -6.11 0.450 3.87    
ROA %                             -0.516 -0.426 -0.290 0.027 0.254    
Costs (As % Of Assets) %                             2.40 2.65 2.41 2.61 2.36    
Costs (As % Of Income) %                             99.9 96.8 88.1 77.4 68.5    
Capital Adequacy Ratio %                             13.7 16.3 14.4 14.4 13.7    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9.50 11.0 11.3 ... ... ... ...
Net Interest Margin %                             1.79 1.96 2.06 2.62 2.64    
Interest Spread % ...                           1.70 1.88 1.98 2.54 2.56    
Asset Yield %                             4.25 3.71 3.81 3.98 3.70    
Cost Of Liabilities % ...                           2.55 1.83 1.83 1.44 1.14    
Interest Income (As % Of Revenues) %                             74.5 71.7 75.4 77.6 76.5    
Fee Income (As % Of Revenues) %                             21.1 26.0 24.4 22.1 22.8    
Other Income (As % Of Revenues) %                             4.47 2.27 0.265 0.219 0.622    
Cost Per Employee USD per month                             3,889 2,897 2,648 2,656 2,342    
Cost Per Employee (Local Currency) EUR per month                             2,797 2,256 1,995 2,061 2,043    
Staff Cost (As % Of Total Cost) %                             41.2 32.6 33.9 34.9 36.4    
Equity (As % Of Assets) %                             4.54 4.14 5.39 6.53 6.59    
Loans (As % Of Deposits) %                             78.9 77.8 77.8 88.9 88.6    
Loans (As % Assets) %                             64.0 57.6 62.1 68.0 73.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...           11.5 13.1 12.9 7.86 6.39    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           91.3 91.1 95.5 73.3 89.4    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ...           11.7 13.6 14.0 6.11 6.06    
Cost of Provisions (As % Of Loans) %                             0.945 1.17 1.01 1.02 0.925    
other data Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                          
Branches                             49.0 76.0 91.0 102 107    
Employees                             668 620 663 704 692    
ATMs ... ... ... ... ... ... ... ... ... ... ...       82.0 127 162 206 222    
Debit Cards '000 ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ... ...
Credit Cards '000 ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ...
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 40.1 42.5 44.2    

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Prima Banka's employees rose 37.0% to 959 in 2017

By Helgi Library - May 25, 2018

Prima Banka Slovakia employed 959 persons in 2017, up 37.0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 959 persons in 2017 and an all time low of 601 in 2002. Average cost reached USD 2,101 per month per employe...

Prima Banka's retail deposits rose 65.8% to EUR 2,192 mil in 2017

By Helgi Library - July 16, 2018

Prima Banka Slovakia's retail deposits reached EUR 2,192 mil in 2017, up 65.8% compared to the previous year. Slovak banking sector accepted retail deposits of EUR 35.1 bil in 2017, up 4.67% when compared to the last year. Prima Banka Slovakia accounted f...

Prima Banka's retail deposits rose 65.8% to EUR 2,192 mil in 2017

By Helgi Library - July 16, 2018

Prima Banka Slovakia's retail deposits reached EUR 2,192 mil in 2017, up 65.8% compared to the previous year. Slovak banking sector accepted retail deposits of EUR 35.1 bil in 2017, up 4.67% when compared to the last year. Prima Banka Slovakia accounted f...

Prima Banka's customer deposits rose 65.7% to EUR 3,080 mil in 2017

By Helgi Library - December 12, 2019

Prima Banka Slovakia's customer deposits reached EUR 3,080 mil in 2017, up 65.7% compared to the previous year. Slovak banking sector accepted customer deposits of EUR 55.7 bil in 2017, up 5.33% when compared to the last year. Prima Banka Slovakia account...

Prima Banka's customer deposits rose 65.7% to EUR 3,080 mil in 2017

By Helgi Library - December 12, 2019

Prima Banka Slovakia's customer deposits reached EUR 3,080 mil in 2017, up 65.7% compared to the previous year. Slovak banking sector accepted customer deposits of EUR 55.7 bil in 2017, up 5.33% when compared to the last year. Prima Banka Slovakia account...

Prima Banka's customer loans rose 70.2% to EUR 2,791 mil in 2017

By Helgi Library - December 12, 2019

Prima Banka Slovakia's customer loans reached EUR 2,791 mil in 2017, up 70.2% compared to the previous year. Slovak banking sector provided customer loans of EUR 54.8 bil in 2017, up 9.56% when compared to the last year. Prima Banka Slovakia accounted for...

Prima Banka's customer loans rose 70.2% to EUR 2,791 mil in 2017

By Helgi Library - December 12, 2019

Prima Banka Slovakia's customer loans reached EUR 2,791 mil in 2017, up 70.2% compared to the previous year. Slovak banking sector provided customer loans of EUR 54.8 bil in 2017, up 9.56% when compared to the last year. Prima Banka Slovakia accounted for...

Prima Banka's branches rose 15.5% to 127 in 2017

By Helgi Library - May 25, 2018

Prima Banka Slovakia employed 959 persons in 2017, up 37.0% compared to the previous year. Historically, the bank's workforce hit an all time high of 959 persons in 2017 and an all time low of 620 in 2012. The bank operated a network of 127 branches and 28...

Prima Banka's branches rose 15.5% to 127 in 2017

By Helgi Library - May 25, 2018

Prima Banka Slovakia employed 959 persons in 2017, up 37.0% compared to the previous year. Historically, the bank's workforce hit an all time high of 959 persons in 2017 and an all time low of 620 in 2012. The bank operated a network of 127 branches and 28...

Prima Banka's total revenues rose 14.1% to EUR 75.0 mil in 2017

By Helgi Library - July 16, 2018

Prima Banka Slovakia generated total banking revenues of EUR 75.0 mil in 2017, up 14.1% compared to the previous year. Slovak banking sector banking sector generated total revenues of EUR 2,324 mil in 2017, down 10.6% when compared to the last year. ...

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Prima Banka Slovensko is a Slovakia-based universal bank with a 3% market share in terms of total assets. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. The Bank's deposit products include fixed deposits, fixed foreign exchange deposits, current accounts, and savings accounts. The Bank’s loan portfolio primarily comprises personal, mortgage, housing, or investment loans. At the end of 2013, the Bank operated through 91 branches and 162 ATMs and employed over 660 persons. The Bank was formerly known as Dexia Banka Slovensko and changed its name to Prima banka Slovensko in January 2012. Penta Investments is the majority owner of the Bank

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Finance

Prima Banka Slovakia has been growing its revenues and asset by 2.66% and 5.41% a year on average in the last 10 years. Its loans and deposits have grown by 9.45% and 7.64% a year during that time and loans to deposits ratio reached 90.6% at the end of 2017. The company achieved an average return on equity of -12.9% in the last decade with net profit growing 2.10% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.4% in 2017, compared to 82.4% average in the last decade.

Equity represented 8.55% of total assets or 10.9% of loans at the end of 2017. Prima Banka Slovakia's non-performing loans were 8.05% of total loans while provisions covered some 84.7% of NPLs at the end of 2017.