Key facts

Company highlights

 PCH Company highlights

 

 

Key financial figures

  • Net write-off ratio constantly below 1.0 % since 2013
  • Cost-income ratio decreased by 5.3 percentage points from 2013 to 2015
  • Return on average equity (RoAE) increased by 2.8 percentage points from 2013 to 2015
In EUR m   2013 2014 2015 Sep-16 YTD

Balance

sheet:

Total assets 5,842 5,968 6,009 6,046
Loans and advances to customers(1) 4,185 4,332 4,105 3,565
Liabilities to customers 3,802 3,992 3,793 3,338
Debt securities 250 245 205 164
Equity(2) 483 538 596 603

Income

statement:

Net interest income 408 330 310 176
Net fee and commission income 58 48 48 32
Operating income 408 333 313 192
Operating expenses 346 270 246 144
Profit before tax 61 63 67 48
Profit of the period(2) 37 48 60 34/ 47(6)

Key

operational

ratios:

Net interest margin 7.6% 6.3% 5.7% 4.8%(7)
Cost-income ratio 74.6% 70.6% 69.3% 69.1%
Loan portfolio per number of staff (in EUR k) 363 556 780 846
Customer deposit to loans  90.8% 92.5% 92.4% 93.7%
Return on average equity 7.7% 9.4% 10.5% 7.6%/ 10.4% (6)(7)

Loan

portfolio

quality:

Loan loss provisons ratio(3) 1.4% 1.1% 1.0% 0.6%(7)
Net write-off ratio(4) 0.8% 0.9% 0.8% 0.6%(7)
Impaired loans(5) 8.2% 8.1% 7.4% 7.7%
% of loans in PAR 30 4.7% 4.7% 4.4% 4.7%
Coverage ratio PAR 30 96.5% 92.2% 97.0% 93.4%
% of loans in PAR 90 3.7% 3.8% 3.6% 3.9%
Coverage ratio PAR 90 122% 116% 119% 113%

Capital

and

dividends:

CET 1 ratio 9.0% 10.1% 10.2% 12.3% (f.l.(8))
Total capital ratio 12.2% 12.8% 12.1% 15.2% (f.l.(8))
Leverage ratio 8.4% 8.8% 8.6% 10.3% (f.l.(8))
Book value per share (in EUR) 9.50 10.59 11.73 11.86
Dividend payout ratio 26.1% 20.2% 33.1% n.a.

Notes: Financial data for the nine-month period ended September 30, 2016, as shown in the unaudited interim consolidated financial statements as of and for the nine-month period ended September 30, 2016. Financial data for the fiscal year ended December 31, 2015, and December 31, 2014, as shown in the consolidated financial statements as of and for the fiscal year ended December 31, 2015, except for the financial information which is restated as presented in the unaudited interim consolidated financial statements for the nine-month period ended September 30, 2016. Financial data for the fiscal year ended December 31, 2013, as shown in the consolidated financial statements as of and for the fiscal year ended December 31, 2014.

 

(1) Gross, before allowances for losses on loans and advances to customers

(2) Attributable to equity holders of the parent company

(3) Allowance for losses on loans and advances to customers as % of gross loan portfolio

(4) Net write-offs as % of gross loan portfolio

(5) Impaired loans in % of total loans and advances to customers; defined as exposures more than 30 days past due plus other signs of impairment (e.g. breach of covenants, initiation of proceedings)

(6) Adjusted for the negative impact by EUR 12.6m (in aggregate) in Sep-16 YTD due to the sale of ProConfianza Mexico and the reclassification of Banco Los Andes ProCredit Bolivia as discontinued operations

(7) Annualised

(8) Fully loaded; adjusted for the positive effect of the capital increase by EUR 31.9 million of ProCredit Holding in November 2016 (assuming regulatory recognition) and of the sale of Banco PyME Los Andes ProCredit S.A. in Bolivia, which closed on December 14, 2016

 

Updated as of 20 December 2016


Download Key financial figures Sep 2016 / xlsx (0.1MB)