By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's customer loans reached RON 22,161 mil in 2017, up 12.1% compared to the previous year. Romanian banki...
By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's customer deposits reached RON 29,696 mil in 2017, up 12.6% compared to the previous year. Romanian ba...
By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's customer loans reached RON 22,161 mil in 2017, up 12.1% compared to the previous year. Romanian banki...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RON mil | 1,055 | 1,112 | 1,178 |
| Net Fee Income | RON mil | 630 | 621 | 586 |
| Other Income | RON mil | 293 | 309 | 317 |
| Total Revenues | RON mil | 2,005 | 2,172 | 2,127 |
| Staff Cost | RON mil | 528 | 533 | 556 |
| Operating Profit | RON mil | 796 | 1,001 | 843 |
| Provisions | RON mil | 289 | 469 | 246 |
| Net Profit | RON mil | 426 | 449 | 510 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RON mil | 1,139 | 546 | 89.2 |
| Customer Loans | RON mil | 18,154 | 19,761 | 22,161 |
| Total Assets | RON mil | 31,487 | 33,461 | 36,806 |
| Shareholders' Equity | RON mil | 3,211 | 3,274 | 3,591 |
| Interbank Borrowing | RON mil | 2,252 | 1,721 | 1,440 |
| Customer Deposits | RON mil | 23,740 | 26,375 | 29,696 |
| Issued Debt Securities | RON mil | 1,690 | 512 | 513 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 13.0 | 13.9 | 14.9 |
| ROA | % | 1.41 | 1.38 | 1.45 |
| Costs (As % Of Assets) | % | 4.01 | 3.61 | 3.65 |
| Costs (As % Of Income) | % | 60.3 | 53.9 | 60.4 |
| Capital Adequacy Ratio | % | 18.5 | 16.6 | 15.5 |
| Net Interest Margin | % | 3.50 | 3.42 | 3.35 |
| Loans (As % Of Deposits) | % | 76.5 | 74.9 | 74.6 |
| NPLs (As % Of Loans) | % | 8.60 | 7.70 | 6.50 |
| Provisions (As % Of NPLs) | % | 53.6 | 59.4 | 57.6 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -3.27 | 8.35 | -2.11 |
| Operating Cost Growth | % | 5.39 | -3.14 | 9.56 |
| Operating Profit Growth | % | -14.0 | 25.8 | -15.8 |
| Net Profit Growth | % | -16.9 | 5.36 | 13.5 |
| Customer Loan Growth | % | 12.7 | 8.85 | 12.1 |
| Total Asset Growth | % | 9.37 | 6.27 | 10.00 |
| Customer Deposit Growth | % | 12.7 | 11.1 | 12.6 |
| Shareholders' Equity Growth | % | -3.60 | 1.97 | 9.67 |
| Employees | 5,379 | 5,265 | 5,314 | |
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 | 1,065 | 1,144 | 1,103 | 1,045 | 1,055 | |||||||||||
| Total Revenues | RON mil | 1,928 | 2,025 | 2,073 | 2,073 | 2,005 | |||||||||||
| Operating Profit | RON mil | 710 | 816 | 864 | 925 | 796 | |||||||||||
| Net Profit | RON mil | 428 | 397 | 483 | 513 | 426 | |||||||||||
| balance sheet | |||||||||||||||||
| Interbank Loans | RON mil | 704 | 783 | 761 | 904 | 1,139 | |||||||||||
| Customer Loans | RON mil | 14,844 | 15,104 | 15,397 | 16,110 | 18,154 | |||||||||||
| Debt Securities | RON mil | 4,136 | 3,283 | 3,660 | 3,306 | 4,116 | |||||||||||
| Total Assets | RON mil | 24,275 | 24,022 | 26,537 | 28,789 | 31,487 | |||||||||||
| Shareholders' Equity | RON mil | 2,705 | 2,862 | 3,073 | 3,330 | 3,211 | |||||||||||
| Interbank Borrowing | RON mil | 3,154 | 3,243 | 2,531 | 2,010 | 2,252 | |||||||||||
| Customer Deposits | RON mil | 17,148 | 16,982 | 19,607 | 21,068 | 23,740 | |||||||||||
| Issued Debt Securities | RON mil | 604 | 233 | 1,064 | 1,671 | 1,690 | |||||||||||
| ratios | |||||||||||||||||
| ROE | % | 16.6 | 14.2 | 16.3 | 16.0 | 13.0 | |||||||||||
| ROA | % | 1.84 | 1.64 | 1.91 | 1.85 | 1.41 | |||||||||||
| Costs (As % Of Assets) | % | 5.24 | 5.01 | 4.78 | 4.15 | 4.01 | |||||||||||
| Costs (As % Of Income) | % | 63.2 | 59.7 | 58.3 | 55.4 | 60.3 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 14.2 | 17.3 | 20.2 | 18.5 | |||||||
| Net Interest Margin | % | 4.58 | 4.74 | 4.36 | 3.78 | 3.50 | |||||||||||
| Interest Income (As % Of Revenues) | % | 55.2 | 56.5 | 53.2 | 50.4 | 52.6 | |||||||||||
| Fee Income (As % Of Revenues) | % | 32.1 | 28.5 | 30.0 | 32.8 | 31.4 | |||||||||||
| Staff Cost (As % Of Total Cost) | % | 42.3 | 43.2 | 42.6 | 41.9 | 43.7 | |||||||||||
| Equity (As % Of Assets) | % | 11.1 | 11.9 | 11.6 | 11.6 | 10.2 | |||||||||||
| Loans (As % Of Deposits) | % | 86.6 | 88.9 | 78.5 | 76.5 | 76.5 | |||||||||||
| Loans (As % Assets) | % | 61.2 | 62.9 | 58.0 | 56.0 | 57.7 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 7.26 | 8.59 | 10.7 | 9.08 | 8.60 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 66.8 | 64.3 | 59.8 | 62.3 | 53.6 | |||||||
| valuation | |||||||||||||||||
| Book Value Per Share Growth | % | ... | 15.7 | 7.41 | -3.59 | -5.26 | 0.916 |
| 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 | 1,629 | 1,741 | 1,569 | 1,368 | 1,285 | |||||||||||
| Interest Cost | RON mil | 564 | 597 | 466 | 323 | 231 | |||||||||||
| Net Interest Income | RON mil | 1,065 | 1,144 | 1,103 | 1,045 | 1,055 | |||||||||||
| Net Fee Income | RON mil | 619 | 576 | 622 | 680 | 630 | |||||||||||
| Other Income | RON mil | 244 | 304 | 348 | 348 | 293 | |||||||||||
| Total Revenues | RON mil | 1,928 | 2,025 | 2,073 | 2,073 | 2,005 | |||||||||||
| Staff Cost | RON mil | 516 | 522 | 515 | 481 | 528 | |||||||||||
| Depreciation | RON mil | 113 | 94.5 | 85.0 | 74.4 | 79.3 | |||||||||||
| Other Cost | RON mil | 590 | 592 | 609 | 592 | 602 | |||||||||||
| Operating Cost | RON mil | 1,219 | 1,209 | 1,209 | 1,148 | 1,210 | |||||||||||
| Operating Profit | RON mil | 710 | 816 | 864 | 925 | 796 | |||||||||||
| Provisions | RON mil | 207 | 350 | 359 | 314 | 289 | |||||||||||
| Extra and Other Cost | RON mil | -3.40 | 0 | -1.04 | 0 | -3.25 | |||||||||||
| Pre-Tax Profit | RON mil | 506 | 466 | 506 | 611 | 510 | |||||||||||
| Tax | RON mil | 78.4 | 69.1 | 22.0 | 98.6 | 83.3 | |||||||||||
| Minorities | RON mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | RON mil | 428 | 397 | 483 | 513 | 426 | |||||||||||
| growth rates | |||||||||||||||||
| Net Interest Income Growth | % | ... | 15.7 | 7.41 | -3.59 | -5.26 | 0.916 | ||||||||||
| Net Fee Income Growth | % | ... | -10.5 | -6.94 | 7.89 | 9.38 | -7.36 | ||||||||||
| Total Revenue Growth | % | ... | 3.46 | 5.00 | 2.38 | -0.014 | -3.27 | ||||||||||
| Operating Cost Growth | % | ... | 0.177 | -0.800 | 0.004 | -5.07 | 5.39 | ||||||||||
| Operating Profit Growth | % | ... | 9.63 | 15.0 | 5.91 | 7.06 | -14.0 | ||||||||||
| Pre-Tax Profit Growth | % | ... | 12.9 | -7.99 | 8.70 | 20.7 | -16.6 | ||||||||||
| Net Profit Growth | % | ... | 11.4 | -7.28 | 21.8 | 6.17 | -16.9 | ||||||||||
| market share | |||||||||||||||||
| Market Share in Revenues | % | 8.42 | ... | ... | ... | ... | ... | ... | |||||||||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||
| Market Share in Employees | % | ... | ... | 10.2 | 8.90 | 8.92 | 8.98 | 9.62 | |||||||||
| Market Share in Credit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Market Share in Branches | % | ... | ... | 8.98 | 9.17 | ... | ... | ... | ... | ... |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||
| Cash | RON mil | 4,047 | 4,330 | 6,262 | 7,853 | 6,981 | |||||||||||
| Interbank Loans | RON mil | 704 | 783 | 761 | 904 | 1,139 | |||||||||||
| Customer Loans | RON mil | 14,844 | 15,104 | 15,397 | 16,110 | 18,154 | |||||||||||
| Retail Loans | RON mil | 8,528 | 8,936 | 9,746 | 10,132 | 13,913 | |||||||||||
| Mortgage Loans | RON mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,152 | 3,890 | ||
| Consumer Loans | RON mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8,880 | 10,023 | ||
| Corporate Loans | RON mil | 6,746 | 6,608 | 5,651 | 5,979 | 3,363 | |||||||||||
| Debt Securities | RON mil | 4,136 | 3,283 | 3,660 | 3,306 | 4,116 | |||||||||||
| Fixed Assets | RON mil | 386 | 327 | 337 | 309 | 300 | |||||||||||
| Total Assets | RON mil | 24,275 | 24,022 | 26,537 | 28,789 | 31,487 | |||||||||||
| Shareholders' Equity | RON mil | 2,705 | 2,862 | 3,073 | 3,330 | 3,211 | |||||||||||
| Of Which Minority Interest | RON mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | RON mil | 21,570 | 21,161 | 23,465 | 25,458 | 28,276 | |||||||||||
| Interbank Borrowing | RON mil | 3,154 | 3,243 | 2,531 | 2,010 | 2,252 | |||||||||||
| Customer Deposits | RON mil | 17,148 | 16,982 | 19,607 | 21,068 | 23,740 | |||||||||||
| Retail Deposits | RON mil | 9,844 | 10,386 | 12,396 | 14,232 | 15,951 | |||||||||||
| Corporate Deposits | RON mil | 7,063 | 6,455 | 7,199 | 6,648 | 7,789 | |||||||||||
| Sight Deposits | RON mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,360 | 6,813 | 11,720 | ||
| Term Deposits | RON mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14,246 | 14,253 | 12,020 | ||
| Issued Debt Securities | RON mil | 604 | 233 | 1,064 | 1,671 | 1,690 | |||||||||||
| Other Liabilities | RON mil | 664 | 703 | 263 | 710 | 595 | |||||||||||
| asset quality | |||||||||||||||||
| Non-Performing Loans | RON mil | ... | ... | ... | ... | 1,132 | 1,373 | 1,758 | 1,551 | 1,637 | |||||||
| Gross Loans | RON mil | 15,601 | 15,987 | 16,449 | 17,077 | 19,031 | |||||||||||
| Total Provisions | RON mil | 757 | 883 | 1,052 | 967 | 877 | |||||||||||
| growth rates | |||||||||||||||||
| Customer Loan Growth | % | ... | 18.6 | 1.75 | 1.94 | 4.63 | 12.7 | ||||||||||
| Retail Loan Growth | % | ... | 18.2 | 4.79 | 9.06 | 3.95 | 37.3 | ||||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 23.4 | ||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.9 | ||
| Corporate Loan Growth | % | ... | 29.6 | -2.04 | -14.5 | 5.80 | -43.8 | ||||||||||
| Total Asset Growth | % | ... | 9.38 | -1.04 | 10.5 | 8.48 | 9.37 | ||||||||||
| Shareholders' Equity Growth | % | ... | 11.2 | 5.79 | 7.37 | 8.39 | -3.60 | ||||||||||
| Customer Deposit Growth | % | ... | 8.66 | -0.969 | 15.5 | 7.45 | 12.7 | ||||||||||
| Retail Deposit Growth | % | ... | 17.3 | 5.51 | 19.4 | 14.8 | 12.1 | ||||||||||
| Corporate Deposit Growth | % | ... | -3.08 | -8.60 | 11.5 | -7.65 | 17.2 | ||||||||||
| market share | |||||||||||||||||
| Market Share in Customer Loans | % | 6.66 | 6.69 | 7.05 | 7.63 | 8.35 | |||||||||||
| Market Share in Corporate Loans | % | 5.85 | 5.56 | 5.03 | 5.67 | 3.21 | |||||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 15.4 | 17.9 | ||
| Market Share in Consumer Loans | % | 8.18 | 8.55 | 9.44 | 9.92 | 12.9 | |||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.07 | 7.49 | ||
| Market Share in Total Assets | % | 6.86 | 6.57 | 7.33 | 7.91 | 8.35 | |||||||||||
| Market Share in Customer Deposits | % | 9.16 | 8.61 | 9.09 | 9.03 | 9.37 | |||||||||||
| Market Share in Retail Deposits | % | 8.73 | 8.50 | 9.56 | 10.3 | 10.9 | |||||||||||
| Market Share in Corporate Deposits | % | 11.3 | 10.5 | 10.2 | 8.27 | 8.52 |
| ratios | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||||
| ROE | % | 16.6 | 14.2 | 16.3 | 16.0 | 13.0 | |||||||||||
| ROA | % | 1.84 | 1.64 | 1.91 | 1.85 | 1.41 | |||||||||||
| Costs (As % Of Assets) | % | 5.24 | 5.01 | 4.78 | 4.15 | 4.01 | |||||||||||
| Costs (As % Of Income) | % | 63.2 | 59.7 | 58.3 | 55.4 | 60.3 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 14.2 | 17.3 | 20.2 | 18.5 | |||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 13.0 | 13.1 | 15.1 | 13.9 | ||
| Net Interest Margin | % | 4.58 | 4.74 | 4.36 | 3.78 | 3.50 | |||||||||||
| Interest Spread | % | ... | 4.28 | 4.42 | 4.12 | 3.63 | 3.41 | ||||||||||
| Asset Yield | % | 7.01 | 7.21 | 6.21 | 4.94 | 4.27 | |||||||||||
| Cost Of Liabilities | % | ... | 2.73 | 2.80 | 2.09 | 1.32 | 0.859 | ||||||||||
| Interest Income (As % Of Revenues) | % | 55.2 | 56.5 | 53.2 | 50.4 | 52.6 | |||||||||||
| Fee Income (As % Of Revenues) | % | 32.1 | 28.5 | 30.0 | 32.8 | 31.4 | |||||||||||
| Other Income (As % Of Revenues) | % | 12.6 | 15.0 | 16.8 | 16.8 | 14.6 | |||||||||||
| Cost Per Employee | USD per month | ... | ... | 2,109 | 2,282 | 2,467 | 2,228 | 2,085 | |||||||||
| Cost Per Employee (Local Currency) | RON per month | ... | ... | 6,431 | 7,918 | 8,209 | 7,734 | 8,186 | |||||||||
| Staff Cost (As % Of Total Cost) | % | 42.3 | 43.2 | 42.6 | 41.9 | 43.7 | |||||||||||
| Equity (As % Of Assets) | % | 11.1 | 11.9 | 11.6 | 11.6 | 10.2 | |||||||||||
| Loans (As % Of Deposits) | % | 86.6 | 88.9 | 78.5 | 76.5 | 76.5 | |||||||||||
| Loans (As % Assets) | % | 61.2 | 62.9 | 58.0 | 56.0 | 57.7 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 7.26 | 8.59 | 10.7 | 9.08 | 8.60 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 66.8 | 64.3 | 59.8 | 62.3 | 53.6 | |||||||
| Provisions (As % Of Loans) | % | 5.10 | 5.85 | 6.83 | 6.00 | 4.83 | |||||||||||
| Cost of Provisions (As % Of Loans) | % | 1.51 | 2.34 | 2.35 | 1.99 | 1.69 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||
| Branches | ... | ... | 543 | 525 | 528 | 532 | 510 | ||||||||||
| Employees | ... | ... | 6,682 | 5,498 | 5,227 | 5,185 | 5,379 | ||||||||||
| Credit Cards | '000 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 27.3 | 32.3 | 49.4 |
Get all company financials in excel:
By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's customer deposits reached RON 29,696 mil in 2017, up 12.6% compared to the previous year. Romanian banking sector accepted customer deposits of RON 303 bil in 2017, up 10.4% when compared to the last year. Raiffeisen Bank Romania...
By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's retail deposits reached RON 20,761 mil in 2017, up 12.9% compared to the previous year. Romanian banking sector accepted retail deposits of RON 178 bil in 2017, up 9.10% when compared to the last year. Raiffeisen Bank Romania acc...
By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's retail deposits reached RON 20,761 mil in 2017, up 12.9% compared to the previous year. Romanian banking sector accepted retail deposits of RON 178 bil in 2017, up 9.10% when compared to the last year. Raiffeisen Bank Romania acc...
By Helgi Library - May 29, 2018
Raiffeisen Bank Romania made a net profit of RON 510 mil under revenues of RON 2,127 mil in 2017, up 13.5% and -2.11% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RON 614 mil in 2008 and an all time low of ...
By Helgi Library - May 29, 2018
Raiffeisen Bank Romania made a net profit of RON 510 mil under revenues of RON 2,127 mil in 2017, up 13.5% and -2.11% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RON 614 mil in 2008 and an all time low of ...
By Helgi Library - May 29, 2018
Raiffeisen Bank Romania's net interest margin amounted to 3.35% in 2017, down from 3.42% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.12% in 2008 and an all time low of 3.35% in 2017. The aver...
By Helgi Library - May 29, 2018
Raiffeisen Bank Romania's net interest margin amounted to 3.35% in 2017, down from 3.42% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.12% in 2008 and an all time low of 3.35% in 2017. The aver...
By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's corporate deposits reached RON 8,935 mil in 2017, up 11.9% compared to the previous year. Romanian banking sector accepted corporate deposits of RON 107 bil in 2017, up 12.3% when compared to the last year. Raiffeisen Bank Romani...
By Helgi Library - July 16, 2018
Raiffeisen Bank Romania's corporate deposits reached RON 8,935 mil in 2017, up 11.9% compared to the previous year. Romanian banking sector accepted corporate deposits of RON 107 bil in 2017, up 12.3% when compared to the last year. Raiffeisen Bank Romani...
By Helgi Library - May 29, 2018
Raiffeisen Bank Romania's non-performing loans reached 6.50% of total loans at the end of 2017, down from 7.70% compared to the previous year. Historically, the NPL ratio hit an all time high of 11.5% in 2009 and an all time low of 2.23% in 2007. Provision ...
Raiffeisen Bank S.A. (or Raiffeisen Bank Romania) is a Romania-based universal bank with a 7% market share by assets. The Bank resulted from the merger of Raiffeisenbank S.A. and the Romanian state-owned Banca Agricola. At the end of 2013, the Bank served more than 2 million clients through 528 branches giving a job to more than 5,300 persons. The Bank offers a typical range of banking services and products for retail as well as corporate segment, but provides also investment banking and treasury services, asset management, private banking, or leasing, for example. The Bank is a subsidiary of Raiffeisen Bank International AG (RBI), which is one of the biggest players in the emerging Europe.
Raiffeisen Bank Romania has been growing its revenues and asset by 3.97% and 8.37% a year on average in the last 10 years. Its loans and deposits have grown by 9.70% and 8.69% a year during that time and loans to deposits ratio reached 74.6% at the end of 2017. The company achieved an average return on equity of 16.8% in the last decade with net profit growing 4.78% a year on average. In terms of operating efficiency, its cost to income ratio reached 60.4% in 2017, compared to 59.4% average in the last decade.
Equity represented 9.76% of total assets or 16.2% of loans at the end of 2017. Raiffeisen Bank Romania's non-performing loans were 6.50% of total loans while provisions covered some 57.6% of NPLs at the end of 2017.
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