Annual Reports Agreement

In accordance with the Terms of Use of these websites it is forbidden to use the photographs contained in the Annual Reports posted on the websites for any purposes other than for exclusively personal and non-commercial use and to duplicate, alter, modify, rearrange or otherwise tamper with the photographs contained in the Annual Reports and disseminate any such altered, modified, rearranged or otherwise affected photographs. You may retrieve and display the content of the Annual Reports including photographs on a computer or mobile telephone screen, print individual pages on paper (but not photocopy them) and store such pages in electronic form on disk or on your mobile telephone (but not on any server or other storage device connected to for your personal, non-commercial use only.)

Do you agree with the above stated terms of use of the Annual Reports?

Yes   No

Downloading

    PPF banka 2013 results: Total assets exceeded CZK 100 billion for the first time
    04/18/2014

    Download PDF

    Summary:

    • PPF banka’s total assets grew CZK 28 billion in 2013 to CZK 104.8 billion on 31 December 2013
    • Total net earnings from banking operations (excluding the cost of provisions) grew 3.5% year-on-year, exceeding CZK 2 billion for the first time
    • PPF banka generated profit after tax of CZK 571 million in 2013 and achieved a return on average equity (ROAE) of 10.3%, despite an increase in provisions for classified credit
    • Total capital adequacy on 31 December 2013 was 11.7%, up 1.2 pp on year-end 2012
    • PPF banka took advantage of favourable financial market conditions in specific area  and issued subordinated debt of CZK 1.4 billion
    • The General Meeting in 2013 decided to pay a dividend of CZK 1.4 billion

     

    Petr Jirásko, CEO and Chairman of the Board of PPF banka, said: “Despite the continuing unfavourable economic backdrop, we achieved record-breaking net banking earnings last year. We responded to the changing market environment and the economic developments in the Czech Republic and worldwide with flexibility. I would like to highlight PPF banka’s active involvement in the preparation of several large, unique bond operations, both for PPF Group in co-operation with Russia’s Home Credit & Finance Bank, and, more recently, for Kofola Group in the Central European financial markets.”

    Financial results:
    Key indicators CZK million 2012 2013
    Total assets 76,843 104,818
    Total equity 5,937 5,132
    Profit before tax 1,144 783
    Profit after tax 945 572
    

    The bank’s total assets grew CZK 28 billion to CZK 104 billion in 2013, exceeding CZK 100 billion for the first time in the bank’s history. Receivables from clients grew 24% in 2013 to CZK 31.4 billion on 31 December 2013. Liabilities towards clients remained the principal source of financing, increasing by CZK 21.3 billion to CZK 75.9 billion in 2013 and representing 72.4% of the total assets at the end of 2013.

    Total net earnings from banking operations (excluding the cost of provisions) grew 3.5% year on year, exceeding CZK 2 billion for the first time in the bank’s history. The increase was influenced primarily by the net interest revenue of CZK 1.935 billion in 2013, compared with CZK 1.358 billion in 2012. Net earnings from fees and commissions decreased 3.1% year on year to CZK 288 million.

    Due to the bank’s highly prudent approach to credit classification, the amount of classified credit grew CZK 1.304 billion to CZK 4.388 billion in 2013; with a ratio to total credit of 13.4% on 31 December 2013. The ratio of NPL to total credit was 9.4% on the same date. The bank achieved profit after tax of CZK 571.5 million in 2013, despite making major provisions for classified profit.

    The return on average equity (ROAE) was 10.3% and return on average assets (ROAA) was 0.63% in 2013. The total capital adequacy on 31 December 2013 was 11.7%, up 1.2 pp over year-end 2012.

    The bank took advantage of favourable in certain segment of financial markets  in 2013 and issued subordinated debt of CZK 1.4 billion.

    The General Meeting decided to pay a dividend of almost CZK 1.4 billion in respect of the 2013 year.

    PPF banka a.s. is part of the international investment group, PPF. PPF Group N.V. holds 92.96 percent of the bank’s shares and the City of Prague is the second largest shareholder, holding 6.7 percent.

    Back to Press Releases

    This website uses cookies; by continuing to use this page, you consent to their use. You can read more about cookies here: About cookies

    I understand