Slovakia Commercial Banking Industry Update Quarter 4 2011
$ 1 088
- September 2012
- by Business Monitor International
- 63
Includes 3 FREE quarterly updates.
Since Q108, we have described numerically the banking business environment for each of the countries
surveyed by BMI. We do this through our Commercial Banking Business Environment Rating (CBBER),
a measure that ensures we capture the latest quantitative information available. It also ensures consistency
across all countries and between the inputs to the CBBER and the Insurance Business Environment
Rating, which is likewise now a feature of our insurance reports. Like the Business Environment Ratings
calculated by BMI for all the other industries on which it reports, the CBBER takes into account the limits
of potential returns and the risks to the realisation of those returns. It is weighted 70% to the former and
30% to the latter.
The evaluation of the 'Limits of potential returns' includes market elements that are specific to the
banking industry of the country in question and elements that relate to that country in general. Within the
70% of the CBBER that takes into account the 'Limits of potential returns', the market elements have a
60% weighting and the country elements have a 40% weighting. The evaluation of the 'Risks to
realisation of returns' also includes banking elements and country elements (specifically, BMI's
assessment of long-term country risk). However, within the 30% of the CBBER that take into account the
risks, these elements are weighted 40% and 60%, respectively.
Further details on how we calculate the CBBER are provided at the end of this report. In general, though,
three aspects need to be borne in mind in interpreting the CBBERs. The first is that the market elements
of the 'Limits of potential returns' are by far the most heavily weighted of the four elements. They account
for 60% of 70% (or 42%) of the overall CBBER. Second, if the market elements are significantly higher
than the country elements of the 'Limits of potential returns', it usually implies that the banking sector is
(very) large and/or developed relative to the general wealth, stability and financial infrastructure in the
country. Conversely, if the market elements are significantly lower than the country elements, it usually
means that the banking sector is small and/or underdeveloped relative to the general wealth, stability and
financial infrastructure in the country. Third, within the 'Risks to the realisation of returns' category, the
market elements (i.e. how regulations affect the development of the sector, how regulations affect
competition within it, and Moody's Investor Services' ratings for local currency deposits) can be markedly
different from BMI's long-term risk rating.
Executive Summary . 5
Table: Levels (EURbn) .. 5
Table: Levels (US$bn) 5
Table: Levels At June 2012 .. 5
Table: Annual Growth Rate Projections 2012-2016 (%) .. 5
Table: Ranking Out Of 59 Countries Reviewed In 2011 6
Table: Projected Levels (EURbn), 2008-2016 6
Table: Projected Levels (US$bn), 2008-2016 . 6
SWOT Analysis 7
Slovakia Commercial Banking SWOT . 7
Slovakia Political SWOT 8
Slovakia Economic SWOT 8
Slovakia Business Environment SWOT .. 9
Business Environment Outlook .. 10
Commercial Banking Business Environment Rating 10
Table: Commercial Banking Business Environment Ratings . 10
Commercial Banking Business Environment Rating Methodology . 11
Table: Emerging Europe Commercial Banking Business Environment Ratings .. 12
Global Commercial Banking Outlook .. 13
Regional Outlooks .. 20
Banking Sector: Hitting Turbulence. 20
Europe Banking Sector Outlook . 22
Table: Banks' Bond Portfolios 2011 . 22
Table: Emerging Europe Commercial Banking Business Environment Ratings .. 23
Table: Comparison of Loan/Deposit & Loan/Asset & Loan/GDP ratios . 24
Table: Anticipated Developments in 2012 . 25
Table: Comparison of Total Assets & Client Loans & Client Deposits (US$bn) . 26
Table: Comparison of US$ Per Capita Deposits (2011) . 27
Table: Interbank Rates and Bond Yields . 28
Slovakia Banking Sector Outlook .. 29
Government Poses Biggest Risk To Bank Profitability 29
Economic Outlook .. 34
Competitive Landscape .. 36
Market Structure 36
Table: Protagonists In Slovakia's Commercial Banking Sector 36
Definition Of The Commercial Banking Universe.. 36
List Of Banks 37
Table: Commercial And Savings Banks In Slovakia . 37
Company Profiles 38
Slovenská Sporite??a 38
Slovakia Commercial Banking Report Q4 2012
4
Table: Stock Market Indicators 39
Table: Balance Sheet (EURmn) .. 39
Table: Balance Sheet (US$mn) 40
Table: Key Ratios (%) .. 40
Vseobecná úverová banka (VUB) .. 41
Table: Stock Market Indicators, 2006-2012 .. 41
Table: Balance Sheet (EURmn), 2006-2011 . 42
Table: Balance Sheet (US$mn), 2006-2011 .. 42
Table: Key Ratios (%), 2006-2011 . 42
Tatra Banka .. 43
Table: Stock Market Indicators, 2006-2012 .. 44
Table: Balance Sheet (EURmn), 2006-2011 . 44
Table: Balance Sheet (US$mn), 2006-2011 .. 44
Table: Key Ratios (%), 2006-2011 . 45
?SOB 46
UniCredit Bank Slovakia 48
Dexia Banka Slovensko 49
Table: Stock Market Indicators, 2004-2010 .. 50
Table: Balance Sheet (EURmn, unless stated), 2004-2009 50
Table: Balance Sheet (US$mn, unless stated), 2004-2009 . 50
Table: Key Ratios (%), 2004-2009 . 51
Prvá Stavebná Sporite??a .. 52
Table: Stock Market Indicators, 2006-2012 .. 53
OTP Banka Slovensko .. 54
Volksbank Slovensko . 55
Table: Stock Market Indicators, 2006-212 . 55
Table: Balance Sheet (EURmn), 2006-2009 . 56
Table: Balance Sheet (US$mn), 2006-2009 .. 56
Table: Key Ratios (%), 2006-2009 . 56
UniCredit Banka Slovenija 57
Postová banka .. 58
BMI Banking Sector Methodology . 59
Commercial Bank Business Environment Rating 60
Table: Commercial Banking Business Environment Indicators And Rationale. 61
Table: Weighting Of Indicators .. 62
Commercial Banking in Slovakia (Slovak Republic)
- $ 250
- Industry data
- January 2013
Yearly, From 2004 To 2011
By Business Monitor International
Source: NBS / BMI
- Industries : Commercial Banking
- Countries : Slovakia (slovak Republic)
- $ 250
- Industry data
- January 2013
Yearly, From 2004 To 2011
By Business Monitor International
Source: NBS / BMI
- Industries : Commercial Banking
- Countries : Slovakia (slovak Republic)
- $ 250
- Industry data
- January 2013
Yearly, From 2004 To 2011
By Business Monitor International
Source: NBS / BMI
- Industries : Commercial Banking
- Countries : Slovakia (slovak Republic)
- $ 250
- Industry data
- January 2013
Yearly, From 2009 To 2017
By Business Monitor International
Source: NBS / BMI
- Industries : Commercial Banking
- Countries : Slovakia (slovak Republic)
- $ 250
- Industry data
- January 2013
Yearly, From 2004 To 2017
By Business Monitor International
Source: NBS / BMI
- Industries : Commercial Banking
- Countries : Slovakia (slovak Republic)