Press releases
Loans of Tatra banka grew in the first quarter by 5.4% yoy
29.04.2011Faster increase of operating revenues and slower increase of costs has reflected in improvement of cost to
income ratio to 51.36 % as compared to 57.44 % of last year, which represents intensified effort for effective
use of resources.
Tatra banka balance sheet has reached EUR 8.65 bn. at the end of March, which is a slight downward
correction by 1.6 % as compared to the same period in 2010. Loans provided to clients have grown by 5.4 %
and client deposits by 0.3 %. Both retail and corporate segment have contributed to client loan portfolio
increase. Loans for living (i.e. mortgage loans including home equity loans) have been the basic factor of retail
loan portfolio increase. Slower growth of client deposits reflects lower interest rates on the market and
increased competition in the field of primary deposits. Loan to deposit ratio was 87.9 % as at 31 March 2011,
whereby deposits sufficiently covers bank's loan activity.
Non-performing loans ratio in Tatra banka portfolio have increased to 5.12 % on a year-to-year basis. However,
this figure has stabilised over the last months and maintains its position in narrow range.
Capital adequacy ratio reached 10.29 % as at 31 March 2010 and Tatra banka performs the Decree of the
National Bank of Slovakia on capital adequacy with reserve.
|
In thousands of EUR |
March 2011 |
March 2010 |
Change in % (b.p.) |
|
Total assets |
8 650 584 |
8 787 013 |
-1.6% |
|
Client loans, gross |
5 848 421 |
5 546 694 |
5.4% |
|
Client deposits |
6 653 604 |
6 634 284 |
0.3% |
|
Operating revenues |
102 762 |
87 419 |
17.6% |
|
Operating expenses |
52 782 |
50 210 |
5.1% |
|
Operating result before P&L provisioning |
48 541 |
40 701 |
19.3% |
|
Profit before taxation |
48 240 |
24 047 |
100.6% |
|
Net profit |
40 720 |
17 769 |
129.2% |
|
Loan to deposit ratio |
87.90% |
83.61% |
-4.29 b.p. |
|
Cost to income ratio |
51.36% |
57.44% |
-6.07 b.p. |
