Alfa Bank

Alfa Bank's net profit rose 90.1% to RUB 89.5 bil in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank made a net profit of RUB 89.5 bil under revenues of RUB 213 bil in 2018, up 90.1% and 55.0% respectively compared to the pr...

Alfa Bank's npls (as % of loans) fell 47.6% to 3.38% in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's non-performing loans reached 3.38% of total loans at the end of 2018, down from 6.44% compared to the previous year. ...

Alfa Bank's employees fell 7.41% to 23,462 in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank employed 23,462 persons in 2018, down 7.41% when compared to the previous year. Historically, the bank's workforce hit...

Profit Statement 2016 2017 2018
Net Interest Income RUB bil 88.5 99.2 130
Fee Income (As % Of Revenues) % 31.4 36.4 31.0
Other Income RUB bil 3.81 -11.8 17.3
Total Revenues RUB bil 135 137 213
Staff Cost RUB bil 37.5 40.5 48.6
Operating Profit RUB bil 70.7 66.3 130
Provisions RUB bil 19.8 0.591 17.6
Net Profit RUB bil 35.6 47.1 89.5
Balance Sheet 2016 2017 2018
Interbank Loans RUB bil 182 235 291
Customer Loans RUB bil 1,381 1,598 2,062
Debt Securities RUB bil 426 376 470
Total Assets RUB bil 2,320 2,577 3,279
Shareholders' Equity RUB bil 348 368 500
Interbank Borrowing RUB bil 208 118 130
Customer Deposits RUB bil 1,318 1,702 2,230
Issued Debt Securities RUB bil 310 287 309
Ratios 2016 2017 2018
ROE % 10.7 13.2 20.6
ROA % 1.54 1.92 3.06
Costs (As % Of Assets) % 2.77 2.91 2.85
Costs (As % Of Income) % 47.5 51.8 39.2
Capital Adequacy Ratio % 18.7 17.4 18.2
Net Interest Margin % 3.84 4.05 4.43
Loans (As % Of Deposits) % 105 93.9 92.5
NPLs (As % Of Loans) % 8.53 6.44 3.38
Provisions (As % Of NPLs) % 55.9 44.6 86.0
Growth Rates 2016 2017 2018
Total Revenue Growth % -13.0 2.09 55.0
Operating Cost Growth % -1.50 11.3 17.3
Operating Profit Growth % -21.3 -6.25 95.4
Net Profit Growth % 9.61 32.3 90.1
Customer Loan Growth % -6.40 15.8 29.0
Total Asset Growth % 1.15 11.1 27.3
Customer Deposit Growth % 1.86 29.2 31.0
Shareholders' Equity Growth % 9.86 5.71 36.0
Employees 21,276 25,340 23,462

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Net Interest Income RUB bil                         53.3 72.9 102 85.4 88.5    
Total Revenues RUB bil                         72.5 101 147 155 135    
Operating Profit RUB bil ... ...                     37.3 54.5 58.0 89.8 70.7    
Net Profit RUB bil                         25.7 28.7 1.54 32.5 35.6    
balance sheet                                      
Interbank Loans RUB bil                         101 120 231 98.2 182    
Customer Loans RUB bil                         934 1,068 1,607 1,475 1,381    
Debt Securities RUB bil                         151 149 255 332 426    
Total Assets RUB bil                         1,404 1,599 2,646 2,294 2,320    
Shareholders' Equity RUB bil                         127 158 260 317 348    
Interbank Borrowing RUB bil                         168 238 497 153 208    
Customer Deposits RUB bil                         820 878 1,218 1,294 1,318    
Issued Debt Securities RUB bil                         252 293 446 423 310    
ratios                                      
ROE %                         21.7 20.1 0.738 11.3 10.7    
ROA %                         2.14 1.91 0.073 1.31 1.54    
Costs (As % Of Assets) % ... ...                     2.92 3.11 4.21 2.63 2.77    
Costs (As % Of Income) % ... ...                     48.6 46.1 60.6 41.9 47.5    
Capital Adequacy Ratio % ... ... ...                   15.6 16.7 17.7 21.7 18.7    
Net Interest Margin %                         4.42 4.86 4.80 3.46 3.84    
Interest Income (As % Of Revenues) %                         73.4 72.0 69.1 55.2 65.7    
Fee Income (As % Of Revenues) %                         24.8 24.5 26.2 25.3 31.4    
Staff Cost (As % Of Total Cost) % ... ...                     55.6 55.3 35.5 59.9 58.7    
Equity (As % Of Assets) %                         9.04 9.90 9.83 13.8 15.0    
Loans (As % Of Deposits) %                         114 122 132 114 105    
Loans (As % Assets) %                         66.5 66.8 60.7 64.3 59.5    
NPLs (As % Of Loans) % ... ... ... ... ... ...             5.96 5.71 7.51 12.7 8.53    
Provisions (As % Of NPLs) % ... ... ... ... ... ...             66.5 74.8 77.7 51.3 55.9    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Interest Income RUB bil                         96.6 130 194 213 181    
Interest Cost RUB bil                         43.3 57.4 91.9 128 92.1    
Net Interest Income RUB bil                         53.3 72.9 102 85.4 88.5    
Net Fee Income RUB bil                         18.0 24.9 38.6 39.1 42.3    
Other Income RUB bil                         1.24 3.50 6.88 30.1 3.81    
Total Revenues RUB bil                         72.5 101 147 155 135    
Staff Cost RUB bil                         19.6 25.8 31.8 38.9 37.5    
Depreciation RUB bil ... ...                     1.30 1.82 3.23 3.74 4.07    
Other Cost RUB bil                         14.3 19.1 54.4 22.2 22.3    
Operating Cost RUB bil ... ...                     35.2 46.7 89.4 64.9 63.9    
Operating Profit RUB bil ... ...                     37.3 54.5 58.0 89.8 70.7    
Provisions RUB bil                         2.95 18.0 57.5 51.9 19.8    
Extra and Other Cost RUB bil ... ...                     1.15 0 0 0 0    
Pre-Tax Profit RUB bil                         33.2 36.5 0.562 37.9 50.9    
Tax RUB bil                         7.45 7.87 -0.983 5.81 15.8    
Minorities RUB bil                         0 0 0 -0.401 -0.401    
Net Profit RUB bil                         25.7 28.7 1.54 32.5 35.6    
Dividends RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... 3.15 4.68 ... ... ... ...
growth rates                                      
Net Interest Income Growth % ...                       24.5 36.9 39.8 -16.2 3.54    
Net Fee Income Growth % ...                       36.2 37.9 55.4 1.22 8.31    
Total Revenue Growth % ...                       24.0 39.6 45.6 4.91 -13.0    
Operating Cost Growth % ... ... ...                   14.9 32.7 91.3 -27.4 -1.50    
Operating Profit Growth % ... ... ...                   34.0 46.2 6.40 54.7 -21.3    
Pre-Tax Profit Growth % ...                       48.2 10.1 -98.5 6,645 34.5    
Net Profit Growth % ...                       36.6 11.4 -94.6 2,002 9.61    
market share                                      
Market Share in Revenues % ... ... ... ...                 1.83 2.24 2.45 2.31 1.03   ...
Market Share in Net Profit % ... ... ... ...                 3.26 3.95 0.317 38.2 5.43   ...
Market Share in Employees % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.63 2.51 ... ... ...
Market Share in Branches % ... ... ... ...                 1.20 1.43 1.93 2.01 2.16   ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                      
Cash RUB bil                         173 206 321 240 279    
Interbank Loans RUB bil                         101 120 231 98.2 182    
Customer Loans RUB bil                         934 1,068 1,607 1,475 1,381    
Retail Loans RUB bil ... ... ... ... ... ...             142 203 278 198 179    
Mortgage Loans RUB bil ... ... ... ... ... ...             9.01 9.20 11.5 9.11 6.79    
Consumer Loans RUB bil ... ... ... ... ... ...             133 194 266 189 172    
Corporate Loans RUB bil ... ... ... ... ... ...             830 913 1,429 1,380 1,271    
Debt Securities RUB bil                         151 149 255 332 426    
Fixed Assets RUB bil                         17.1 22.0 32.6 32.1 31.8    
Total Assets RUB bil                         1,404 1,599 2,646 2,294 2,320    
Shareholders' Equity RUB bil                         127 158 260 317 348    
Of Which Minority Interest RUB bil                         0.031 0 0.790 0.875 1.21    
Liabilities RUB bil                         1,277 1,441 2,386 1,977 1,972    
Interbank Borrowing RUB bil                         168 238 497 153 208    
Customer Deposits RUB bil                         820 878 1,218 1,294 1,318    
Retail Deposits RUB bil ... ...                     372 472 732 763 743    
Corporate Deposits RUB bil ... ...                     374 388 447 488 519    
Sight Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... 380 493 536 669    
Term Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... 480 685 757 649    
Issued Debt Securities RUB bil                         252 293 446 423 310    
Other Liabilities RUB bil                         36.4 31.4 224 108 136    
asset quality                                      
Non-Performing Loans RUB bil ... ... ... ... ... ...             57.9 63.7 128 201 124    
Gross Loans RUB bil                         972 1,116 1,707 1,578 1,450    
Total Provisions RUB bil                         38.5 47.7 99.6 103 69.1    
growth rates                                      
Customer Loan Growth % ...                       33.3 14.4 50.4 -8.23 -6.40    
Retail Loan Growth % ... ... ... ... ... ... ...           60.5 42.8 37.0 -28.8 -9.41    
Mortgage Loan Growth % ... ... ... ... ... ... ...           -12.6 2.10 25.4 -21.1 -25.4    
Consumer Loan Growth % ... ... ... ... ... ... ...           70.1 45.5 37.5 -29.1 -8.64    
Corporate Loan Growth % ... ... ... ... ... ... ...           26.6 9.99 56.5 -3.42 -7.96    
Total Asset Growth % ...                       39.3 13.9 65.5 -13.3 1.15    
Shareholders' Equity Growth % ...                       15.0 24.8 64.3 21.7 9.86    
Customer Deposit Growth % ...                       39.9 7.10 38.7 6.17 1.86    
Retail Deposit Growth % ... ... ...                   24.0 26.7 55.2 4.16 -2.56    
Corporate Deposit Growth % ... ... ...                   54.4 3.76 15.0 9.19 6.53    
market share                                      
Market Share in Customer Loans %                         3.13 3.01 3.54 3.00 2.95   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ...     4.47 4.32 5.22 4.54 4.64   ...
Market Share in Retail Loans % ... ... ... ... ... ... ... ...         2.32 2.65 3.41 2.82 2.73   ...
Market Share in Consumer Loans % ... ... ... ... ... ...             1.84 2.04 2.45 1.85 1.66   ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ...         0.451 0.347 0.327 0.229 0.151   ...
Market Share in Total Assets % ... ... ... ...                 3.01 2.95 3.62 2.98 3.14   ...
Market Share in Customer Deposits % ... ... ... ...                 3.99 3.69 3.88 3.45 3.75   ...
Market Share in Retail Deposits % ... ... ... ...                 2.61 2.78 3.95 3.28 3.07   ...
Market Share in Corporate Deposits % ... ... ... ...                 3.89 3.58 2.63 2.56 3.17   ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                      
ROE %                         21.7 20.1 0.738 11.3 10.7    
ROA %                         2.14 1.91 0.073 1.31 1.54    
Costs (As % Of Assets) % ... ...                     2.92 3.11 4.21 2.63 2.77    
Costs (As % Of Income) % ... ...                     48.6 46.1 60.6 41.9 47.5    
Capital Adequacy Ratio % ... ... ...                   15.6 16.7 17.7 21.7 18.7    
Tier 1 Ratio % ... ... ...                   10.2 11.7 12.8 16.8 16.0    
Net Interest Margin %                         4.42 4.86 4.80 3.46 3.84    
Interest Spread % ...                       4.03 4.46 4.33 2.78 3.16    
Asset Yield %                         8.01 8.68 9.13 8.63 7.83    
Cost Of Liabilities % ...                       3.99 4.22 4.80 5.85 4.67    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... 11.0 303 ... ... ... ...
Interest Income (As % Of Revenues) %                         73.4 72.0 69.1 55.2 65.7    
Fee Income (As % Of Revenues) %                         24.8 24.5 26.2 25.3 31.4    
Other Income (As % Of Revenues) %                         1.71 3.46 4.67 19.5 2.83    
Cost Per Employee USD per month ... ... ... ...                 2,468 2,675 2,264 2,306 2,201    
Cost Per Employee (Local Currency) RUB per month ... ... ... ...                 76,669 85,209 105,972 154,033 146,976    
Staff Cost (As % Of Total Cost) % ... ...                     55.6 55.3 35.5 59.9 58.7    
Equity (As % Of Assets) %                         9.04 9.90 9.83 13.8 15.0    
Loans (As % Of Deposits) %                         114 122 132 114 105    
Loans (As % Assets) %                         66.5 66.8 60.7 64.3 59.5    
NPLs (As % Of Loans) % ... ... ... ... ... ...             5.96 5.71 7.51 12.7 8.53    
Provisions (As % Of NPLs) % ... ... ... ... ... ...             66.5 74.8 77.7 51.3 55.9    
Provisions (As % Of Loans) %                         4.13 4.46 6.20 6.99 5.00    
Cost of Provisions (As % Of Loans) %                         0.361 1.80 4.30 3.37 1.38    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                      
Branches ... ... ... ...                 511 617 804 745 733    
Employees ... ... ... ...                 21,269 25,269 24,990 21,036 21,276    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... 1,175 1,745 3,767 4,100 3,875    
Clients mil ... ... ... ...                 8.98 10.7 11.6 13.9 14.5    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... 43.3 40.5 41.5 50.7    

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Alfa Bank's corporate loans rose 22.3% to RUB 1,702 bil in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's loans reached RUB 2,124 bil in the 2018, up from RUB 1,645 bil compared to the previous year. Historically, the bank’s loans reached an all time high of RUB 2,124 bil in 2018 and an all time low of RUB 258 bil in 2006. In the last decade, th...

Alfa Bank's branches fell 1.31% to 752 in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank employed 23,462 persons in 2018, down 7.41% compared to the previous year. Historically, the bank's workforce hit an all time high of 25,340 persons in 2017 and an all time low of 21,036 in 2015. The bank operated a network of 752 branches and 3,...

Alfa Bank's net interest income rose 30.8% to RUB 130 bil in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank generated total banking revenues of RUB 213 bil in 2018, up 55% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RUB 213 bil in 2018 and an all time ...

Alfa Bank's net interest margin rose 9.34% to 4.43% in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's net interest margin amounted to 4.43% in 2018, up from 4.05% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.55% in 2002 and an all time low of 3.46% in 2015. The average margin in th...

Alfa Bank's capital adequacy ratio rose 4.60% to 18.2% in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's capital adequacy ratio reached 18.2% at the end of 2018, up from 17.4% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 21.7% in 2015 and an all time low of 9.20% in 2008. The Tier 1 ratio amounted to ...

Alfa Bank's costs (as % of assets) fell 1.88% to 2.85% in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's cost to income ratio reached 39.2% in 2018, down from 51.8% compared to the previous year. Historically, the bank’s costs reached an all time high of 66.2% of income in 2004 and an all time low of 39.2% in 2018. When compared to total assets, b...

Alfa Bank's customer loan growth rose 84.3% to 29.0% in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's customer loan growth reached 29.0% in 2018, up from 15.8% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 80.3% in 2002 and an all time low of -23.5% in 2009. In the last decade, the average ann...

Alfa Bank's retail loan growth rose 58.1% to 66.1% in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's retail loans reached RUB 422 bil at the end of 2018, up 66.1% compared to the previous year. In the last decade, the average annual loan growth amounted to 18.2%. Overall, retail loans accounted for 20.5% of the bank's loan book at the end of 20...

Alfa Bank's mortgage loans rose 221% to RUB 11.2 bil in 2018

By Helgi Analytics - August 18, 2019

Alfa Bank's mortgage loans reached RUB 11.2 bil in 2017, up 65.4% compared to the previous year. Russian banking sector provided mortgage loans of RUB 5,187 bil in 2017, up 15.5% when compared to the last year. Alfa Bank accounted for 0.217% of all mortga...

Alfa Bank's total revenues rose 55.0% to RUB 137 bil in 2018

By Helgi Analytics - September 7, 2018

Alfa Bank generated total banking revenues of RUB 137 bil in 2017, up 2.09% compared to the previous year. Russian banking sector banking sector generated total revenues of RUB 10,903,149 mil in 2017, down 16.9% when compared to the last year. A...

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Alfa Bank is a Russia-based financial group. The Group offers corporate and retail banking products and services, including loans, deposits, and credit cards; SME, trade, and structured finance; leasing; and factoring. The Bank also provides investment banking services comprising advisory and brokerage services, such as proprietary research, equity and derivatives transactions, fixed income sales and trading, and corporate finance. In addition, it offers equity research, payment and account, foreign exchange, cash handling, and custody services. At the end of 2013, the Group serviced some 10.8 mil retail and over 128,000 corporate clients through a network of 617 branches and with a help of 25,100 employees. The Bank was founded in 1990 and is headquartered in Moscow, Russian Federation

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Finance

Alfa Bank has been growing its revenues and asset by 13.7% and 15.2% a year on average in the last 10 years. Its loans and deposits have grown by 14.6% and 19.7% a year during that time and loans to deposits ratio reached 92.5% at the end of 2018. The company achieved an average return on equity of 14.0% in the last decade with net profit growing 31.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 39.2% in 2018, compared to 48.7% average in the last decade.

Equity represented 15.3% of total assets or 24.2% of loans at the end of 2018. Alfa Bank's non-performing loans were 3.38% of total loans while provisions covered some 86.0% of NPLs at the end of 2018.