Home Credit Russia

Home Credit Russia's npls (as % of loans) fell 0.985% yoy to 3.50% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Russia's non-performing loans reached 3.50% of total loans at the end of 2019-06-30, down from 3.53% compared to the ...

Home Credit Russia's net interest margin rose 8.81% yoy to 11.1% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Russia's net interest margin amounted to 11.1% in the second quarter of 2019, up from 10.5% when compared to the pre...

Home Credit Russia's net interest income rose 10.1% yoy to RUB 7,165 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Russia generated total banking revenues of RUB 8,417 mil in the second quarter of 2019, up 5.12% when compared to the...

Profit Statement 2016 2017 2018
Net Interest Income RUB mil 25,432 24,141 26,490
Fee Income (As % Of Revenues) % 23.9 22.5 17.9
Other Income RUB mil -418 219 -590
Total Revenues RUB mil 32,852 31,424 31,532
Staff Cost RUB mil 9,428 9,587 10,087
Operating Profit RUB mil 18,172 15,965 15,374
Provisions RUB mil 11,685 2,441 3,195
Net Profit RUB mil 5,170 10,827 9,745
Balance Sheet 2016 2017 2018
Interbank Loans RUB mil 7,317 4,316 9,398
Customer Loans RUB mil 152,304 176,139 197,145
Debt Securities RUB mil 23,542 48,710 34,862
Total Assets RUB mil 216,190 261,561 269,595
Shareholders' Equity RUB mil 39,905 48,253 54,693
Interbank Borrowing RUB mil 4,772 9,041 3,087
Customer Deposits RUB mil 142,249 175,999 195,121
Issued Debt Securities RUB mil 24,771 23,342 11,646
Ratios 2016 2017 2018
ROE % 13.9 24.6 18.9
ROA % 2.17 4.53 3.67
Costs (As % Of Assets) % 6.15 6.47 6.08
Costs (As % Of Income) % 44.7 49.2 51.2
Net Interest Margin % 10.7 10.1 9.97
Loans (As % Of Deposits) % 107 100 101
NPLs (As % Of Loans) % ... 4.02 3.28
Provisions (As % Of NPLs) % ... 126 158
Growth Rates 2016 2017 2018
Total Revenue Growth % -8.09 -4.35 0.342
Operating Cost Growth % -8.81 5.31 4.52
Operating Profit Growth % -7.49 -12.1 -3.70
Net Profit Growth % -147 109 -9.99
Customer Loan Growth % -9.74 15.6 11.9
Total Asset Growth % -17.1 21.0 3.07
Customer Deposit Growth % -15.6 23.7 10.9
Shareholders' Equity Growth % 15.1 20.9 13.3

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summary Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Net Interest Income RUB mil       37,469 60,194 49,668 25,007 25,432    
Total Revenues RUB mil       60,695 83,959 66,008 35,742 32,852    
Operating Profit RUB mil       40,988 58,133 43,230 19,644 18,172    
Net Profit RUB mil       18,162 8,529 -5,248 -11,042 5,170    
balance sheet                    
Interbank Loans RUB mil       5,062 6,752 15,907 10,150 7,317    
Customer Loans RUB mil       231,123 279,774 229,706 168,731 152,304    
Debt Securities RUB mil       28,624 8,021 29,531 32,355 23,542    
Total Assets RUB mil       331,557 353,701 324,083 260,895 216,190    
Shareholders' Equity RUB mil       46,009 50,091 45,460 34,656 39,905    
Interbank Borrowing RUB mil       57,481 26,308 54,734 14,642 4,772    
Customer Deposits RUB mil       168,502 211,256 169,575 168,539 142,249    
Issued Debt Securities RUB mil       52,058 61,007 50,140 39,748 24,771    
ratios                    
ROE %       47.4 17.8 -11.0 -27.6 13.9    
ROA %       7.45 2.49 -1.55 -3.78 2.17    
Costs (As % Of Assets) %       8.09 7.54 6.72 5.50 6.15    
Costs (As % Of Income) %       32.5 30.8 34.5 45.0 44.7    
Net Interest Margin %       15.4 17.6 14.7 8.55 10.7    
Interest Income (As % Of Revenues) %       61.7 71.7 75.2 70.0 77.4    
Fee Income (As % Of Revenues) %       38.5 27.8 23.2 23.6 23.9    
Staff Cost (As % Of Total Cost) %       55.0 54.2 51.4 55.0 64.2    
Equity (As % Of Assets) %       13.9 14.2 14.0 13.3 18.5    
Loans (As % Of Deposits) %       137 132 135 100 107    
Loans (As % Assets) %       69.7 79.1 70.9 64.7 70.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Interest Income RUB mil       52,921 88,495 76,311 56,746 43,225    
Interest Cost RUB mil       15,452 28,301 26,644 31,740 17,793    
Net Interest Income RUB mil       37,469 60,194 49,668 25,007 25,432    
Net Fee Income RUB mil       23,398 23,360 15,296 8,444 7,839    
Other Income RUB mil       -172 405 1,045 2,291 -418    
Total Revenues RUB mil       60,695 83,959 66,008 35,742 32,852    
Staff Cost RUB mil       10,844 13,997 11,709 8,850 9,428    
Depreciation RUB mil       1,419 2,122 2,470 2,117 1,589    
Other Cost RUB mil       7,444 9,707 8,600 5,130 3,663    
Operating Cost RUB mil       19,707 25,826 22,779 16,098 14,680    
Operating Profit RUB mil       40,988 58,133 43,230 19,644 18,172    
Provisions RUB mil       18,074 47,035 50,111 33,578 11,685    
Extra and Other Cost RUB mil       0 < 0.001 < -0.001 < -0.001 0    
Pre-Tax Profit RUB mil       22,914 11,098 -6,881 -13,934 6,487    
Tax RUB mil       4,752 2,569 -1,633 -2,892 1,316    
Minorities RUB mil       54.0 70.0 86.0 102 118    
Net Profit RUB mil       18,162 8,529 -5,248 -11,042 5,170    
growth rates                    
Net Interest Income Growth % ...     62.2 60.7 -17.5 -49.7 1.70    
Net Fee Income Growth % ...     144 -0.163 -34.5 -44.8 -7.17    
Total Revenue Growth % ...     87.7 38.3 -21.4 -45.9 -8.09    
Operating Cost Growth % ...     57.1 31.0 -11.8 -29.3 -8.81    
Operating Profit Growth % ...     107 41.8 -25.6 -54.6 -7.49    
Pre-Tax Profit Growth % ...     68.1 -51.6 -162 102 -147    
Net Profit Growth % ...     68.9 -53.0 -162 110 -147    
market share                    
Market Share in Revenues %       1.53 1.85 1.10 0.534 0.250   ...
Market Share in Net Profit %       2.30 1.17 ... ... 0.788   ...
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                    
Cash RUB mil       51,396 43,892 34,104 34,913 20,671    
Interbank Loans RUB mil       5,062 6,752 15,907 10,150 7,317    
Customer Loans RUB mil       231,123 279,774 229,706 168,731 152,304    
Debt Securities RUB mil       28,624 8,021 29,531 32,355 23,542    
Fixed Assets RUB mil       10,530 11,536 9,654 7,571 6,561    
Total Assets RUB mil       331,557 353,701 324,083 260,895 216,190    
Shareholders' Equity RUB mil       46,009 50,091 45,460 34,656 39,905    
Liabilities RUB mil       285,548 303,611 278,624 226,239 176,285    
Interbank Borrowing RUB mil       57,481 26,308 54,734 14,642 4,772    
Customer Deposits RUB mil       168,502 211,256 169,575 168,539 142,249    
Issued Debt Securities RUB mil       52,058 61,007 50,140 39,748 24,771    
Other Liabilities RUB mil       7,507 5,040 4,174 3,310 4,494    
asset quality                    
Non-Performing Loans RUB mil ... ... ... ... ... ... ... ...    
Gross Loans RUB mil       250,577 325,128 277,316 198,314 167,366    
Total Provisions RUB mil       19,454 45,354 47,610 29,583 15,062    
growth rates                    
Customer Loan Growth % ...     105 21.1 -17.9 -26.5 -9.74    
Total Asset Growth % ...     113 6.68 -8.37 -19.5 -17.1    
Shareholders' Equity Growth % ...     50.6 8.87 -9.24 -23.8 15.1    
Customer Deposit Growth % ...     140 25.4 -19.7 -0.611 -15.6    
market share                    
Market Share in Customer Loans %       0.773 0.787 0.505 0.343 0.326    
Market Share in Total Assets %       0.711 0.653 0.444 0.339 0.292    
Market Share in Customer Deposits %       0.820 0.887 0.540 0.450 0.404    
ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                    
ROE %       47.4 17.8 -11.0 -27.6 13.9    
ROA %       7.45 2.49 -1.55 -3.78 2.17    
Costs (As % Of Assets) %       8.09 7.54 6.72 5.50 6.15    
Costs (As % Of Income) %       32.5 30.8 34.5 45.0 44.7    
Net Interest Margin %       15.4 17.6 14.7 8.55 10.7    
Interest Spread % ...     14.2 16.2 13.4 6.83 9.28    
Asset Yield %       21.7 25.8 22.5 19.4 18.1    
Cost Of Liabilities % ...     7.53 9.61 9.15 12.6 8.84    
Interest Income (As % Of Revenues) %       61.7 71.7 75.2 70.0 77.4    
Fee Income (As % Of Revenues) %       38.5 27.8 23.2 23.6 23.9    
Other Income (As % Of Revenues) %       -0.283 0.482 1.58 6.41 -1.27    
Staff Cost (As % Of Total Cost) %       55.0 54.2 51.4 55.0 64.2    
Equity (As % Of Assets) %       13.9 14.2 14.0 13.3 18.5    
Loans (As % Of Deposits) %       137 132 135 100 107    
Loans (As % Assets) %       69.7 79.1 70.9 64.7 70.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...    
Provisions (As % Of Loans) %       8.42 16.2 20.7 17.5 9.89    
Cost of Provisions (As % Of Loans) %       10.5 18.4 19.7 16.9 7.28    

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Home Credit Russia's customer loan growth fell 54.0% yoy to 9.02% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Russia's customer loan growth reached 9.02% in 2019-06-30, down from 19.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 105% in 2012-12-31 and an all time low of -27.0% in 2015-09-30. In the ...

Home Credit Russia's equity (as % of assets) rose 17.2% yoy to 22.8% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Russia's Equity reached 22.8% of total assets in the 2Q2019, up from 19.5% for the previous year. As a share of net customer loans, the ratio amounted to 29.6% at the end of the second quarter of 2019. ...

Home Credit Russia's net interest margin fell 1.30% to 9.97% in 2018

By Helgi Analytics - November 05, 2019

Home Credit Russia's net interest margin amounted to 9.97% in 2018, down from 10.1% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 18.0% in 2010 and an all time low of 8.55% in 2015. The average m...

Home Credit Russia's customer loans rose 11.9% to RUB 197,145 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit Russia's customer loans reached RUB 197,145 mil in 2018, up 11.9% compared to the previous year. Russian banking sector provided customer loans of RUB 56,000 bil in 2018, up 15.4% when compared to the last year. Home Credit Russia accounted fo...

Home Credit Russia's customer deposits rose 10.9% to RUB 195,121 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit Russia's customer deposits reached RUB 195,121 mil in 2018, up 10.9% compared to the previous year. Russian banking sector accepted customer deposits of RUB 42,000 bil in 2018, up 12.1% when compared to the last year. Home Credit Russia accoun...

Home Credit Russia's net interest income rose 9.73% to RUB 26,490 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit Russia generated total banking revenues of RUB 31,532 mil in 2018, up 0.342% 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 83,959 mil in 201...

Home Credit Russia's customer loan growth fell 23.8% to 11.9% in 2018

By Helgi Analytics - November 05, 2019

Home Credit Russia's customer loan growth reached 11.9% in 2018, down from 15.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 105% in 2012 and an all time low of -26.5% in 2015. In the last decade, the a...

Home Credit Russia's total revenues rose 0.342% to RUB 31,424 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit Russia generated total banking revenues of RUB 31,424 mil in 2017, down 4.35% 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...

Home Credit Russia's customer loans rose 9.02% yoy to RUB 152,304 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Russia's customer loans reached RUB 152,304 mil in 2016-12-31, up 2.18% compared to the previous year. Russian banking sector provided customer loans of RUB 46,742 bil in 2016-12-31, down 1.20% when compared to the last year. Home Credit Russi...

Home Credit Russia's customer deposits rose 2.61% yoy to RUB 142,249 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit Russia's customer deposits reached RUB 142,249 mil in 2016-12-31, up 1.52% compared to the previous year. Russian banking sector accepted customer deposits of RUB 35,180 bil in 2016-12-31, down 2.67% when compared to the last year. Home Credit...

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Finance

Home Credit Russia has been growing its revenues and asset by -4.09% and 1.10% a year on average in the last 3 years. Its loans and deposits have grown by 5.32% and 5.00% a year during that time and loans to deposits ratio reached 101% at the end of 2018. The company achieved an average return on equity of 19.1% in the last three years with net profit growing nan% a year on average. In terms of operating efficiency, its cost to income ratio reached 51.2% in 2018, compared to 48.4% average in the last three years.

Equity represented 20.3% of total assets or 27.7% of loans at the end of 2018. Home Credit Russia's non-performing loans were 3.28% of total loans while provisions covered some 158% of NPLs at the end of 2018.