By Helgi Library - September 17, 2018
UniCredit Bank Serbia's net interest margin amounted to 3.49% in 2017, down from 3.82% compared to the previous year. Hist...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia's net interest margin amounted to 3.49% in 2017, down from 3.82% compared to the previous year. Hist...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia's customer deposits reached RSD 186,659 mil in 2017, up 4.73% compared to the previous year. Serbian bank...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RSD mil | 12,304 | 12,326 | 12,364 |
| Net Fee Income | RSD mil | 2,727 | 2,731 | 3,007 |
| Other Income | RSD mil | 2,017 | 1,761 | 2,089 |
| Total Revenues | RSD mil | 17,049 | 16,818 | 17,459 |
| Staff Cost | RSD mil | 2,356 | 2,753 | 2,895 |
| Operating Profit | RSD mil | 10,353 | 9,605 | 9,921 |
| Provisions | RSD mil | 3,766 | 3,012 | 2,627 |
| Net Profit | RSD mil | 6,366 | 6,273 | 6,782 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RSD mil | 8,468 | 18,490 | 11,885 |
| Customer Loans | RSD mil | 180,375 | 208,339 | 240,608 |
| Total Assets | RSD mil | 308,284 | 337,402 | 370,780 |
| Shareholders' Equity | RSD mil | 61,414 | 64,860 | 70,144 |
| Interbank Borrowing | RSD mil | 82,818 | 86,461 | 106,676 |
| Customer Deposits | RSD mil | 155,008 | 178,232 | 186,659 |
| Issued Debt Securities | RSD mil | 3,653 | 3,082 | 2,718 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 10.9 | 9.94 | 10.0 |
| ROA | % | 2.22 | 1.94 | 1.92 |
| Costs (As % Of Assets) | % | 2.33 | 2.23 | 2.13 |
| Costs (As % Of Income) | % | 39.3 | 42.9 | 43.2 |
| Capital Adequacy Ratio | % | 19.6 | 17.2 | 18.7 |
| Net Interest Margin | % | 4.29 | 3.82 | 3.49 |
| Loans (As % Of Deposits) | % | 116 | 117 | 129 |
| NPLs (As % Of Loans) | % | 16.9 | 11.2 | 5.61 |
| Provisions (As % Of NPLs) | % | 61.5 | 65.2 | 68.2 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 18.9 | -1.35 | 3.81 |
| Operating Cost Growth | % | 20.7 | 7.71 | 4.52 |
| Operating Profit Growth | % | 17.8 | -7.22 | 3.29 |
| Net Profit Growth | % | 16.5 | -1.47 | 8.11 |
| Customer Loan Growth | % | 9.33 | 15.5 | 15.5 |
| Total Asset Growth | % | 16.2 | 9.45 | 9.89 |
| Customer Deposit Growth | % | 15.3 | 15.0 | 4.73 |
| Shareholders' Equity Growth | % | 11.1 | 5.61 | 8.15 |
| Employees | 1,145 | 1,241 | 1,286 | |
Get all company financials in excel:
| summary | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||
| Net Interest Income | RSD mil | 8,664 | 9,373 | 10,149 | 10,675 | 12,304 | |||||||||
| Total Revenues | RSD mil | 11,411 | 12,612 | 13,513 | 14,336 | 17,049 | |||||||||
| Operating Profit | RSD mil | 7,565 | 8,140 | 8,703 | 8,790 | 10,353 | |||||||||
| Net Profit | RSD mil | 4,540 | 4,400 | 3,832 | 5,465 | 6,366 | |||||||||
| balance sheet | |||||||||||||||
| Interbank Loans | RSD mil | 40,332 | 44,594 | 14,973 | 10,632 | 8,468 | |||||||||
| Customer Loans | RSD mil | 131,157 | 152,090 | 144,634 | 164,982 | 180,375 | |||||||||
| Debt Securities | RSD mil | 19,963 | 34,408 | 48,847 | 56,142 | 72,469 | |||||||||
| Total Assets | RSD mil | 198,568 | 243,554 | 251,295 | 265,272 | 308,284 | |||||||||
| Shareholders' Equity | RSD mil | 42,321 | 45,808 | 50,525 | 55,258 | 61,414 | |||||||||
| Interbank Borrowing | RSD mil | 71,767 | 87,120 | 90,876 | 70,299 | 82,818 | |||||||||
| Customer Deposits | RSD mil | 79,576 | 104,572 | 104,777 | 134,460 | 155,008 | |||||||||
| Issued Debt Securities | RSD mil | 3,142 | 4,376 | 3,927 | 3,360 | 3,653 | |||||||||
| ratios | |||||||||||||||
| ROE | % | 12.2 | 9.98 | 7.95 | 10.3 | 10.9 | |||||||||
| ROA | % | 2.48 | 1.99 | 1.55 | 2.12 | 2.22 | |||||||||
| Costs (As % Of Assets) | % | 2.10 | 2.02 | 1.94 | 2.15 | 2.33 | |||||||||
| Costs (As % Of Income) | % | 33.7 | 35.5 | 35.6 | 38.7 | 39.3 | |||||||||
| Capital Adequacy Ratio | % | ... | ... | 21.5 | 18.5 | 23.1 | 20.4 | 19.6 | |||||||
| Net Interest Margin | % | 4.74 | 4.24 | 4.10 | 4.13 | 4.29 | |||||||||
| Interest Income (As % Of Revenues) | % | 75.9 | 74.3 | 75.1 | 74.5 | 72.2 | |||||||||
| Fee Income (As % Of Revenues) | % | 14.5 | 15.1 | 15.3 | 15.8 | 16.0 | |||||||||
| Staff Cost (As % Of Total Cost) | % | 44.0 | 44.0 | 41.3 | 38.8 | 35.2 | |||||||||
| Equity (As % Of Assets) | % | 21.3 | 18.8 | 20.1 | 20.8 | 19.9 | |||||||||
| Loans (As % Of Deposits) | % | 165 | 145 | 138 | 123 | 116 | |||||||||
| Loans (As % Assets) | % | 66.1 | 62.4 | 57.6 | 62.2 | 58.5 | |||||||||
| NPLs (As % Of Loans) | % | ... | ... | 9.62 | 12.1 | 17.1 | 16.0 | 16.9 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | 50.0 | 52.2 | 55.4 | 63.0 | 61.5 | |||||||
| valuation | |||||||||||||||
| Book Value Per Share Growth | % | ... | 31.5 | 8.18 | 8.29 | 5.18 | 15.3 |
| income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||
| Interest Income | RSD mil | 14,128 | 16,365 | 16,550 | 16,376 | 17,535 | |||||||||
| Interest Cost | RSD mil | 5,465 | 6,992 | 6,401 | 5,701 | 5,231 | |||||||||
| Net Interest Income | RSD mil | 8,664 | 9,373 | 10,149 | 10,675 | 12,304 | |||||||||
| Net Fee Income | RSD mil | 1,659 | 1,907 | 2,069 | 2,270 | 2,727 | |||||||||
| Other Income | RSD mil | 1,088 | 1,332 | 1,295 | 1,391 | 2,017 | |||||||||
| Total Revenues | RSD mil | 11,411 | 12,612 | 13,513 | 14,336 | 17,049 | |||||||||
| Staff Cost | RSD mil | 1,692 | 1,967 | 1,986 | 2,154 | 2,356 | |||||||||
| Depreciation | RSD mil | 351 | 392 | 491 | 531 | 532 | |||||||||
| Other Cost | RSD mil | 1,802 | 2,113 | 2,332 | 2,861 | 3,808 | |||||||||
| Operating Cost | RSD mil | 3,846 | 4,472 | 4,810 | 5,546 | 6,696 | |||||||||
| Operating Profit | RSD mil | 7,565 | 8,140 | 8,703 | 8,790 | 10,353 | |||||||||
| Provisions | RSD mil | 2,519 | 3,219 | 5,004 | 3,111 | 3,766 | |||||||||
| Extra and Other Cost | RSD mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | RSD mil | 5,047 | 4,922 | 3,699 | 5,680 | 6,586 | |||||||||
| Tax | RSD mil | 506 | 522 | -132 | 215 | 220 | |||||||||
| Minorities | RSD mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Net Profit | RSD mil | 4,540 | 4,400 | 3,832 | 5,465 | 6,366 | |||||||||
| growth rates | |||||||||||||||
| Net Interest Income Growth | % | ... | 31.5 | 8.18 | 8.29 | 5.18 | 15.3 | ||||||||
| Net Fee Income Growth | % | ... | 34.0 | 15.0 | 8.45 | 9.76 | 20.1 | ||||||||
| Total Revenue Growth | % | ... | 33.3 | 10.5 | 7.14 | 6.09 | 18.9 | ||||||||
| Operating Cost Growth | % | ... | 14.9 | 16.3 | 7.55 | 15.3 | 20.7 | ||||||||
| Operating Profit Growth | % | ... | 45.1 | 7.60 | 6.92 | 1.00 | 17.8 | ||||||||
| Pre-Tax Profit Growth | % | ... | 26.6 | -2.48 | -24.8 | 53.5 | 16.0 | ||||||||
| Net Profit Growth | % | ... | 26.4 | -3.09 | -12.9 | 42.6 | 16.5 | ||||||||
| market share | |||||||||||||||
| Market Share in Revenues | % | 6.92 | 7.46 | 8.31 | 8.21 | 9.29 | |||||||||
| Market Share in Net Profit | % | ... | 363 | 37.8 | ... | 240 | 85.5 | ||||||||
| Market Share in Employees | % | ... | ... | 3.34 | 3.55 | 3.97 | 4.34 | 4.72 | |||||||
| Market Share in Branches | % | ... | ... | 3.15 | 3.34 | 3.72 | 3.97 | 4.10 |
| balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||
| Cash | RSD mil | 3,912 | 9,064 | 39,330 | 29,942 | 43,747 | |||||||||
| Interbank Loans | RSD mil | 40,332 | 44,594 | 14,973 | 10,632 | 8,468 | |||||||||
| Customer Loans | RSD mil | 131,157 | 152,090 | 144,634 | 164,982 | 180,375 | |||||||||
| Retail Loans | RSD mil | ... | ... | ... | ... | 30,061 | 32,759 | 36,438 | 44,241 | 49,886 | |||||
| Corporate Loans | RSD mil | ... | ... | ... | ... | 93,745 | 112,822 | 115,832 | 128,753 | 124,121 | |||||
| Debt Securities | RSD mil | 19,963 | 34,408 | 48,847 | 56,142 | 72,469 | |||||||||
| Fixed Assets | RSD mil | 1,986 | 2,152 | 2,047 | 2,106 | 2,116 | |||||||||
| Total Assets | RSD mil | 198,568 | 243,554 | 251,295 | 265,272 | 308,284 | |||||||||
| Shareholders' Equity | RSD mil | 42,321 | 45,808 | 50,525 | 55,258 | 61,414 | |||||||||
| Of Which Minority Interest | RSD mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Liabilities | RSD mil | 156,247 | 197,746 | 200,771 | 210,014 | 246,870 | |||||||||
| Interbank Borrowing | RSD mil | 71,767 | 87,120 | 90,876 | 70,299 | 82,818 | |||||||||
| Customer Deposits | RSD mil | 79,576 | 104,572 | 104,777 | 134,460 | 155,008 | |||||||||
| Retail Deposits | RSD mil | ... | ... | 29,741 | 36,245 | 37,429 | 46,590 | 51,725 | |||||||
| Corporate Deposits | RSD mil | ... | ... | 44,282 | 58,563 | 59,112 | 77,537 | 92,735 | |||||||
| Sight Deposits | RSD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 50,459 | 64,075 | 88,754 | ||
| Term Deposits | RSD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 54,318 | 70,385 | 65,931 | ||
| Issued Debt Securities | RSD mil | 3,142 | 4,376 | 3,927 | 3,360 | 3,653 | |||||||||
| Other Liabilities | RSD mil | 1,762 | 1,678 | 1,191 | 1,896 | 5,390 | |||||||||
| asset quality | |||||||||||||||
| Non-Performing Loans | RSD mil | ... | ... | 13,253 | 19,652 | 27,385 | 29,323 | 34,006 | |||||||
| Gross Loans | RSD mil | 137,781 | 162,347 | 159,818 | 183,499 | 201,280 | |||||||||
| Total Provisions | RSD mil | 6,624 | 10,257 | 15,184 | 18,467 | 20,905 | |||||||||
| growth rates | |||||||||||||||
| Customer Loan Growth | % | ... | 14.2 | 16.0 | -4.90 | 14.1 | 9.33 | ||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | 8.54 | 8.98 | 11.2 | 21.4 | 12.8 | ||||
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | 16.9 | 20.4 | 2.67 | 11.2 | -3.60 | ||||
| Total Asset Growth | % | ... | 18.9 | 22.7 | 3.18 | 5.56 | 16.2 | ||||||||
| Shareholders' Equity Growth | % | ... | 32.0 | 8.24 | 10.3 | 9.37 | 11.1 | ||||||||
| Customer Deposit Growth | % | ... | 14.0 | 31.4 | 0.196 | 28.3 | 15.3 | ||||||||
| Retail Deposit Growth | % | ... | ... | ... | 5.62 | 21.9 | 3.27 | 24.5 | 11.0 | ||||||
| Corporate Deposit Growth | % | ... | ... | ... | 16.1 | 32.3 | 0.938 | 31.2 | 19.6 | ||||||
| market share | |||||||||||||||
| Market Share in Customer Loans | % | 6.60 | 6.76 | 6.55 | 6.92 | 7.16 | |||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | 9.21 | 10.1 | 11.4 | 13.3 | 12.5 | |||||
| Market Share in Consumer Loans | % | ... | ... | ... | ... | 5.00 | 5.02 | 5.41 | 6.11 | 6.57 | |||||
| Market Share in Total Assets | % | 6.84 | 7.71 | 7.98 | 8.02 | 9.00 | |||||||||
| Market Share in Customer Deposits | % | 5.74 | 6.83 | 6.57 | 7.83 | 8.47 | |||||||||
| Market Share in Retail Deposits | % | ... | ... | 3.48 | 3.67 | 3.66 | 4.25 | 4.57 | |||||||
| Market Share in Corporate Deposits | % | ... | ... | 10.5 | 13.6 | 13.8 | 15.5 | 16.1 |
| ratios | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||
| ROE | % | 12.2 | 9.98 | 7.95 | 10.3 | 10.9 | |||||||||
| ROA | % | 2.48 | 1.99 | 1.55 | 2.12 | 2.22 | |||||||||
| Costs (As % Of Assets) | % | 2.10 | 2.02 | 1.94 | 2.15 | 2.33 | |||||||||
| Costs (As % Of Income) | % | 33.7 | 35.5 | 35.6 | 38.7 | 39.3 | |||||||||
| Capital Adequacy Ratio | % | ... | ... | 21.5 | 18.5 | 23.1 | 20.4 | 19.6 | |||||||
| Net Interest Margin | % | 4.74 | 4.24 | 4.10 | 4.13 | 4.29 | |||||||||
| Interest Spread | % | ... | 3.98 | 3.45 | 3.48 | 3.56 | 3.82 | ||||||||
| Asset Yield | % | 7.73 | 7.40 | 6.69 | 6.34 | 6.11 | |||||||||
| Cost Of Liabilities | % | ... | 3.75 | 3.95 | 3.21 | 2.78 | 2.29 | ||||||||
| Interest Income (As % Of Revenues) | % | 75.9 | 74.3 | 75.1 | 74.5 | 72.2 | |||||||||
| Fee Income (As % Of Revenues) | % | 14.5 | 15.1 | 15.3 | 15.8 | 16.0 | |||||||||
| Other Income (As % Of Revenues) | % | 9.54 | 10.6 | 9.58 | 9.70 | 11.8 | |||||||||
| Cost Per Employee | USD per month | ... | ... | 1,967 | 1,848 | 1,858 | 1,800 | 1,623 | |||||||
| Cost Per Employee (Local Currency) | RSD per month | ... | ... | 144,333 | 162,578 | 158,215 | 164,809 | 171,469 | |||||||
| Staff Cost (As % Of Total Cost) | % | 44.0 | 44.0 | 41.3 | 38.8 | 35.2 | |||||||||
| Equity (As % Of Assets) | % | 21.3 | 18.8 | 20.1 | 20.8 | 19.9 | |||||||||
| Loans (As % Of Deposits) | % | 165 | 145 | 138 | 123 | 116 | |||||||||
| Loans (As % Assets) | % | 66.1 | 62.4 | 57.6 | 62.2 | 58.5 | |||||||||
| NPLs (As % Of Loans) | % | ... | ... | 9.62 | 12.1 | 17.1 | 16.0 | 16.9 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | 50.0 | 52.2 | 55.4 | 63.0 | 61.5 | |||||||
| Provisions (As % Of Loans) | % | 5.05 | 6.74 | 10.5 | 11.2 | 11.6 | |||||||||
| Cost of Provisions (As % Of Loans) | % | 2.05 | 2.27 | 3.37 | 2.01 | 2.18 |
| other data | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||
| Branches | ... | ... | 75.0 | 75.0 | 74.0 | 71.0 | 71.0 | ||||||||
| Employees | ... | ... | 977 | 1,008 | 1,046 | 1,089 | 1,145 | ||||||||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 48.2 | 47.7 | 57.3 |
Get all company financials in excel:
By Helgi Library - September 17, 2018
UniCredit Bank Serbia's customer loans reached RSD 240,608 mil in 2017, up 15.5% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. UniCredit Bank Serbia account...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia's customer deposits reached RSD 186,659 mil in 2017, up 4.73% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. UniCredit Bank Serbia a...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia's customer loans reached RSD 240,608 mil in 2017, up 15.5% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. UniCredit Bank Serbia account...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia made a net profit of RSD 6,782 mil in 2017, up 8.11% compared to the previous year. This implies a return on equity of 10.0%. Historically, the bank’s net profit reached an all time high of RSD 6,782 mil in 2017 and an all time low of ...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia made a net profit of RSD 6,782 mil in 2017, up 8.11% compared to the previous year. This implies a return on equity of 10.0%. Historically, the bank’s net profit reached an all time high of RSD 6,782 mil in 2017 and an all time low of ...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia employed 1,286 persons in 2017, up 3.63% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,286 persons in 2017 and an all time low of 651 in 2006. Average cost reached USD 1,741 per month per em...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia employed 1,286 persons in 2017, up 3.63% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,286 persons in 2017 and an all time low of 651 in 2006. Average cost reached USD 1,741 per month per em...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia generated total banking revenues of RSD 17,459 mil in 2017, up 3.82% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 197,856 mil in 2017, up 7.42% when compared to the last yea...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia generated total banking revenues of RSD 17,459 mil in 2017, up 3.82% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 197,856 mil in 2017, up 7.42% when compared to the last yea...
By Helgi Library - September 17, 2018
UniCredit Bank Serbia's corporate deposits reached RSD 122,594 mil in 2017, up 12.8% compared to the previous year. Serbian banking sector accepted corporate deposits of RSD 694 bil in 2017, up 6.26% when compared to the last year. UniCredit Bank Serbia a...
UniCredit Bank Serbia is a Serbia-based subsidiary of the UniCredit Group. 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, investment, short-term, subsidized, refinanced investment, and real estate project financing loans, as well as overdrafts, trade finance, and credit guarantees. At the end of 2015, the Bank had some 71 branches units and employed 1,145 persons. The Bank is headquartered in Beograd, Serbia. It is a subsidiary of Bank Austria AG.
UniCredit Bank Serbia has been growing its revenues and asset by 13.9% and 17.6% a year on average in the last 10 years. Its loans and deposits have grown by 25.6% and 16.7% a year during that time and loans to deposits ratio reached 129% at the end of 2017. The company achieved an average return on equity of 11.3% in the last decade with net profit growing 13.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 43.2% in 2017, compared to 39.6% average in the last decade.
Equity represented 18.9% of total assets or 29.2% of loans at the end of 2017. UniCredit Bank Serbia's non-performing loans were 5.61% of total loans while provisions covered some 68.2% of NPLs at the end of 2017.
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