Key financial data

Home Credit B.V. consolidated as of 30 September 2016

Country/Company

KPIs

Operating income

1,397
MEUR

Cost to income ratio

56.5%

Number of active customers

16.8
MILLION

Total assets

12,396
MEUR

Cost of risk ratio

8.0%

NPL ratio

7.1%

ROAA

1.6%

Operating income

14,905
TEUR

Cost to income ratio

84.7%

Number of active customers

290
THOUSAND

Total assets

75,996
TEUR

Cost of risk ratio

10.4%

NPL ratio

68.1%

ROAA

-1.2%

Operating income

1,033
MCZK

Cost to income ratio

75.3%

Number of active customers

313
THOUSAND

Total assets

2,790
MCZK

Cost of risk ratio

5.9%

NPL ratio

52.9%

ROAA

6.4%

Operating income

30,425
MKZT

Cost to income ratio

45.8%

Number of active customers

714
THOUSAND

Total assets

133,800
KZT

Cost of risk ratio

2.4%

NPL ratio

6.8%

ROAA

13.0%

Operating income

22,924
MRUB

Cost to income ratio

46.8%

Number of active customers

3.3
MILLION

Total assets

215,822
MRUB

NPL ratio

7.8%

Cost of risk ratio

8.3%

ROAA

1.3%

five-year summary

Title  9M2016  9M2015 2015  2014 2013 2012 2011 2010
Loans granted YTD (MEUR) 7,658  4,335 6,558 6,792 9,741 8,088 3,936 2,843
Number of active clients (millions) 16.8  10.8  12.5 9.1 7.7 6.6 4.5 4.4
Number of distribution points 241,460  175,180  185,893 166,272 139,612 109,927 72,365 58,257
- Number of POSes and loan offices 239,159   172,981  183,488 162,692 135,459 105,869 69,069 55,309
- Number of bank branches 359  439  439 853 1,328 961 599 237
- Number of post offices 1,942  1,761  1,966 2,727 2,825 3,097 2,697 2,711
Number of employees (thousands)  103.9  68.9  72.9 58.3 51.4 38.9 21.8 16.1
Title 9M2016   9M2015 2015  2014 2013 2012 2011 2010
(MEUR)      
Net interest income  1,068 879  1,193 1,377 1,762 1,057 627 590
Operating income 1,397 1,208  1,619 1,943 2,542 1,773 905 782
Credit risk costs1  (407) (609)  (725) (1116) (1,186) (478) (167) (109)
Operating expenses2  (789) (640)  (887) (866) (924) (655) (403) (353)
Net profit after tax  131 (61)  (42) (60) 324 506 231 234
  1. Credit risk costs represent impairment losses
  2. Operating expenses comprise general administrative and other operating expenses
  3. Net profit for the period from continuing operations does not include discontinued operations in Ukraine.
Title 9M2016  2015   2014 2013 2012 2011 2010
(MEUR)      
Total assets  12,396  9,656  7,037 9,313 9,426 4,282 3,084
Net loan portfolio  8,028  5,835  5,060 7,171 6,531 3,007 2,177
Equity 1,337  1,196  1,239 1,532 1,505 831 936
Wholesale funding 5,476  3,131  2,552 2,237 2,871 1,610 1,362
Customer deposits and current accounts 5,002  4,909  2,890 5,105 4,724 1,697 590
Title  9M2016  9M2015 2015  2014 2013 2012 2011 2010
Income statement ratios:      
Net interest margin1  14.1%  15.7%  15.4% 18.0% 19.9% 18.9% 20.5% 24.2%
Net interest income to operating income2  76.5%  73.3%  73.7% 70.9% 69.3% 59.6% 69.3% 75.4%
Cost to average net loans3  15.5%  15.6%  16.1% 13.8% 13.0% 15.0% 16.4% 19.1%
Cost to income4  56.5%  52.7%  54.8% 44.6% 36.4% 36.9% 44.6% 45.1%
Cost of risk ratio5  8.0%  15.0%  13.2% 17.8% 16.7% 11.0% 6.8% 5.9%
Adjusted RoAA6  1.6%  (1.0%)  (0.5%) (0.7)% 3.3% 8.1% 6.9% 8.6%
Balance sheet ratios:      
Net loans to total assets  64.8%  59.9%  60.4% 71.9% 77.0% 69.3% 70.2% 70.6%
NPL ratio7  7.1%  12.6%  10.0% 15.3% 12.2% 7.6% 8.5% 10.1%
NPL coverage ratio8  123.5%  108.4%  115.7% 106.4% 117.0% 118.9% 111.4% 104.1%
Deposits to total liabilities  45.2%  62.7%  58.0% 49.8% 65.6% 59.6% 49.2% 27.5%
Equity to assets  10.8%  13.3%  12.4% 17.6% 16.5% 16.0% 19.4% 30.3%
Equity and deposits to net loans ratio  79.0%  113.0% 104.6% 81.6% 92.6% 95.4% 84.1% 70.1%
  1. Net interest margin is calculated as net interest income divided by average balance of net interest earning assets. The ratio is calculated not including discontinued operations in Ukraine.
  2. Net interest income to operating income is calculated not including discontinued operations in Ukraine.
  3. Cost to average net loans is calculated as general administrative and other operating expenses divided by average net loans. The ratio is calculated not including discontinued operations in Ukraine and is adjusted for the exclusion of the associated goodwill impairment losses in 2009.
  4. Cost to income ratio is calculated as general administrative and other operating expenses divided by operating income. The ratio is calculated not including discontinued operations in Ukraine and is adjusted for the exclusion of the associated goodwill impairment losses in 2009.
  5. Cost of risk represents impairment losses divided by average balance of net loans to customers. The ratio is calculated not including discontinued operations in Ukraine.
  6. Adjusted RoAA is calculated as net profit divided by average balance of total assets. The ratio is calculated not including discontinued operations in Ukraine and is adjusted for the exclusion of the associated goodwill impairment losses in 2009.
  7. NPL ratio is calculated as gross non-performing loans divided by total gross loans. The Group defines non-performing loans as collectively impaired loans that are overdue by more than 90 days as well as loans considered individually impaired.
  8. NPL coverage ratio is calculated as loan loss provisions divided by gross non-performing loans.
Title  9M2016  9M2015 2015  2014 2013 2012 2011 2010
Loans granted YTD (TEUR)  178,785 179,864  246,041
202,474 203,273 177,346 137,385 110,972
Number of active clients (thousands) 290 191  218 168 171 168 160 147
Number of distribution points1 3,074 2,782  3,009 2,814 3,171 3,889 3,530 3,575
Number of employees 226 250  252 258 225 219 220 225
 
 
 
 
 
 
 
 
  1. POSs only
Title 9M2016  9M2015  2015 2014 2013 2012 2011 2010
TEUR      
Net interest income  8,151 5,827  8,237 7,631 17,565 35,393 33,425 32,150
Operating income 14,905 19,544 27,469 28,180 55,538 47,514 33,219 32,964
Credit risk costs1  (2,873)  (2,392)  (3,550) (2,111) (4,237) (9,987) (11,473) (13,511)
Operating expenses
 (12,622)  (12,682)  (17,144) (18,924) (17,735) (14,891) (13,856) (11,850)
Net profit after tax  (678)  3,341  4,646 5,535 25,416 19,608 6,305 6,066
  1. Credit risk costs comprise impairment losses and net expense related to credit risk insurance
Title  9M2016  2015 2014 2013 2012 2011 2010
TEUR    
Total assets  75,996  71,926 68,830 84,112 171,502 190,441 177,024
Net loan portfolio  37,949  37,117 25,730 33,732 133,597 171,030 160,804
Equity  24,089  28,767 28,121 51,977 44,319 41,211 34,906
Wholesale funding  34,576  26,349 26,538 17,489 109,672 140,418 134,798
Title  9M2016 9M2015   2015 2014 2013 2012 2011 2010
Income statement ratios:      
Net interest margin1  24.0%  21.9%  22.2% 21.2% 24.7% 22.3% 20.2% 20.3%
Net interest income to operating income  54.7%  29.8%  30.0% 27.1% 31.6% 74.5% 100.6% 97.5%
Cost to average net loans2  45.7%  57.1%  55.1% 74.2% 27.2% 9.5% 8.5% 7.6%
Cost to income3  84.7%  64.9%  62.4% 67.2% 31.9% 31.3% 41.7% 35.9%
Cost of risk ratio4  10.8%  10.4%  11.4% 8.3% 6.5% 6.4% 7.0% 8.6%
Adjusted RoAA5  (1.2%)  6.6%  6.8% 7.7% 23.1% 10.7% 3.5% 3.5%
Balance sheet ratios:      
Net loans to total assets  49.9%  51.5%  51.6% 37.4% 40.1% 77.9% 89.8% 90.8%
NPL ratio6  68.1%  67.3%  65.9% 72.1% (27.1%) 66.2% (26.4%) 35.9% (27.4%) 29.5% (29.5%) 30.7% (30.7%)
NPL coverage ratio7  99.1% 102.0%  101.9% 102.8% 104.2% 104.3% 102.1% 94.3%
Equity to assets  31.7%  40.5%  40.0% 40.9% 61.8% 25.8% 21.6% 19.7%
Equity and deposits to net loans ratio  63.5%  78.7%  77.5% 109.3% 154.1% 33.2% 24.1% 21.7%
  1. Net interest margin is calculated as net interest income divided by average balance of net interest earning assets.
  2. Cost to average net loans is calculated as general administrative expenses divided by average net loans.
  3. Cost to income ratio is calculated as general administrative expenses divided by operating income.
  4. Cost of risk represents impairment losses divided by average balance of net loans to customers.
  5. RoAA is calculated as net profit divided by average balance of total assets.
  6. NPL ratio is calculated as gross non-performing loans divided by total gross loans. The Group defines non-performing loans as collectively impaired loans that are overdue by more than 90 days as well as loans considered individually impaired. In 2009, the Company concluded receivables sale agreements with related parties as a cornerstone of its refinancing strategy. As a consequence, the Company has been selling a majority of receivables originated by the Company on a regular basis. The NPL ratio is therefore influenced by these receivables sales. Taking into account the entire portfolio originated by the Company, the NPL ratio for any given period is expressed in () next to the number that includes the receivables sales.
  7. NPL coverage ratio is calculated as loan loss provisions divided by gross non-performing loans.