Raiffeisenbank Russia

Raiffeisen Russia's net profit rose 21.4% yoy to RUB 9.41 bil in 2Q2019

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia made a net profit of RUB 9.41 bil under revenues of RUB 21.4 bil in the second quarter of 2019, up 21.4% and ...

Raiffeisen Russia's net interest income rose 10.2% yoy to RUB 13.8 bil in 2Q2019

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia generated total banking revenues of RUB 21.4 bil in the second quarter of 2019, up 15.5% when compared to t...

Raiffeisen Russia's capital adequacy ratio fell 2.70% yoy to 23.4% in 2Q2019

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia's capital adequacy ratio reached 23.4% at the end of second quarter of 2019, down from 25.0% when compared ...

Profit Statement 2016 2017 2018
Net Interest Income RUB bil 42.5 45.1 52.6
Fee Income (As % Of Revenues) % 21.8 23.7 22.7
Other Income RUB bil 8.31 7.44 8.03
Total Revenues RUB bil 64.9 68.9 78.3
Staff Cost RUB bil 12.9 14.4 17.6
Operating Profit RUB bil 40.0 40.5 45.6
Provisions RUB bil 10.3 3.45 3.11
Net Profit RUB bil 23.3 29.1 33.7
Balance Sheet 2016 2017 2018
Interbank Loans RUB bil 31.9 7.68 2.02
Customer Loans RUB bil 474 548 673
Debt Securities RUB bil 97.2 96.7 160
Total Assets RUB bil 754 843 1,126
Shareholders' Equity RUB bil 116 117 146
Interbank Borrowing RUB bil 13.5 49.7 70.9
Customer Deposits RUB bil 548 643 872
Issued Debt Securities RUB bil 70.8 26.4 28.5
Ratios 2016 2017 2018
ROE % 22.1 25.1 25.7
ROA % 2.89 3.65 3.43
Costs (As % Of Assets) % 3.09 3.56 3.32
Costs (As % Of Income) % 38.4 41.3 41.7
Capital Adequacy Ratio % 26.3 24.7 24.2
Net Interest Margin % 5.27 5.65 5.34
Loans (As % Of Deposits) % 86.6 85.3 77.2
NPLs (As % Of Loans) % 4.12 2.82 1.45
Provisions (As % Of NPLs) % 121 120 160
Growth Rates 2016 2017 2018
Total Revenue Growth % -17.9 6.11 13.7
Operating Cost Growth % -23.2 14.0 15.0
Operating Profit Growth % -14.2 1.17 12.8
Net Profit Growth % -6.31 25.2 15.8
Customer Loan Growth % -9.17 15.5 22.9
Total Asset Growth % -12.2 11.8 33.6
Customer Deposit Growth % -5.79 17.3 35.8
Shareholders' Equity Growth % 22.4 0.564 24.9
Employees 7,664 8,171 8,949

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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                         25.0 29.1 43.2 43.4 42.5    
Total Revenues RUB bil                         48.6 52.9 64.8 79.1 64.9    
Operating Profit RUB bil                         23.6 28.2 19.6 46.6 40.0    
Net Profit RUB bil                         17.9 20.4 7.67 24.9 23.3    
balance sheet                                      
Interbank Loans RUB bil                         17.1 9.79 15.4 35.0 31.9    
Customer Loans RUB bil                         368 432 574 522 474    
Debt Securities RUB bil                         63.3 79.1 87.3 115 97.2    
Total Assets RUB bil                         637 711 893 859 754    
Shareholders' Equity RUB bil                         107 116 101 94.7 116    
Interbank Borrowing RUB bil                         54.7 66.0 77.5 45.7 13.5    
Customer Deposits RUB bil                         392 452 532 581 548    
Issued Debt Securities RUB bil                         62.1 49.8 89.1 74.3 70.8    
ratios                                      
ROE %                         17.6 18.3 7.09 25.4 22.1    
ROA %                         2.87 3.02 0.956 2.84 2.89    
Costs (As % Of Assets) %                         4.02 3.67 5.63 3.71 3.09    
Costs (As % Of Income) %                         51.4 46.8 69.7 41.1 38.4    
Capital Adequacy Ratio % ...                       19.3 19.5 18.3 20.6 26.3    
Net Interest Margin %                         4.02 4.32 5.38 4.95 5.27    
Interest Income (As % Of Revenues) %                         51.5 55.1 66.6 54.9 65.4    
Fee Income (As % Of Revenues) %                         18.4 20.0 17.5 16.4 21.8    
Staff Cost (As % Of Total Cost) %                         42.8 48.3 23.7 36.5 51.6    
Equity (As % Of Assets) %                         16.9 16.3 11.3 11.0 15.4    
Loans (As % Of Deposits) %                         94.0 95.5 108 89.9 86.6    
Loans (As % Assets) %                         57.8 60.8 64.3 60.8 62.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...       3.69 3.34 3.98 5.60 4.12    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...       146 115 106 114 121    
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                         41.6 49.5 80.8 103 91.6    
Interest Cost RUB bil                         16.6 20.4 37.6 59.6 49.1    
Net Interest Income RUB bil                         25.0 29.1 43.2 43.4 42.5    
Net Fee Income RUB bil                         8.92 10.6 11.4 12.9 14.1    
Other Income RUB bil                         14.6 13.2 10.3 22.8 8.31    
Total Revenues RUB bil                         48.6 52.9 64.8 79.1 64.9    
Staff Cost RUB bil                         10.7 12.0 10.7 11.8 12.9    
Depreciation RUB bil                         1.59 1.87 2.81 3.10 3.78    
Other Cost RUB bil                         12.7 10.9 31.6 17.5 8.30    
Operating Cost RUB bil                         25.0 24.8 45.2 32.5 24.9    
Operating Profit RUB bil                         23.6 28.2 19.6 46.6 40.0    
Provisions RUB bil                         0.882 2.18 7.33 15.4 10.3    
Extra and Other Cost RUB bil                         -0.213 0.167 0 0 0    
Pre-Tax Profit RUB bil                         22.9 25.8 12.3 31.2 29.7    
Tax RUB bil                         5.06 5.43 4.64 6.30 6.39    
Minorities RUB bil                         0 0 0 0 0    
Net Profit RUB bil                         17.9 20.4 7.67 24.9 23.3    
growth rates                                      
Net Interest Income Growth % ...                       2.63 16.6 48.1 0.484 -2.05    
Net Fee Income Growth % ...                       15.0 18.6 7.27 14.0 9.18    
Total Revenue Growth % ...                       21.9 8.98 22.5 22.0 -17.9    
Operating Cost Growth % ...                       9.90 -0.862 82.4 -28.1 -23.2    
Operating Profit Growth % ...                       38.0 19.4 -30.2 137 -14.2    
Pre-Tax Profit Growth % ...                       25.3 12.7 -52.3 153 -4.75    
Net Profit Growth % ...                       28.9 14.2 -62.4 224 -6.31    
market share                                      
Market Share in Revenues % ... ... ... ...                 1.22 1.17 1.08 1.18 0.495   ...
Market Share in Net Profit % ... ... ... ...                 2.26 2.81 1.58 29.2 3.55   ...
Market Share in Employees % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.854 0.901 ... ... ...
Market Share in Branches % ... ... ... ... ... ...             0.417 0.433 0.505 0.497 0.527   ...
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                         160 160 185 160 128    
Interbank Loans RUB bil                         17.1 9.79 15.4 35.0 31.9    
Customer Loans RUB bil                         368 432 574 522 474    
Retail Loans RUB bil ... ... ... ... ... ... ... ... ...       127 182 210 182 187    
Mortgage Loans RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 66.8    
Consumer Loans RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 120    
Corporate Loans RUB bil ... ... ... ... ... ... ... ... ...       239 233 347 341 312    
Debt Securities RUB bil                         63.3 79.1 87.3 115 97.2    
Fixed Assets RUB bil                         24.8 26.8 17.5 16.6 14.7    
Total Assets RUB bil                         637 711 893 859 754    
Shareholders' Equity RUB bil                         107 116 101 94.7 116    
Of Which Minority Interest RUB bil                         0 0 0 0 0    
Liabilities RUB bil                         530 596 793 764 638    
Interbank Borrowing RUB bil                         54.7 66.0 77.5 45.7 13.5    
Customer Deposits RUB bil                         392 452 532 581 548    
Retail Deposits RUB bil             ... ... ...       223 261 311 367 354    
Corporate Deposits RUB bil             ... ... ...       168 189 219 213 193    
Sight Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 339    
Term Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 209    
Issued Debt Securities RUB bil                         62.1 49.8 89.1 74.3 70.8    
Other Liabilities RUB bil                         21.1 27.3 94.1 62.5 6.00    
asset quality                                      
Non-Performing Loans RUB bil ... ... ... ... ... ... ... ... ...       14.3 15.0 23.8 31.3 20.6    
Gross Loans RUB bil                         389 449 599 558 499    
Total Provisions RUB bil             ... ... ...       20.9 17.3 25.3 35.7 24.9    
growth rates                                      
Customer Loan Growth % ...                       3.81 17.4 32.8 -9.02 -9.17    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...     22.2 43.1 15.6 -13.4 2.86    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...     -9.93 -2.29 48.8 -1.76 -8.50    
Total Asset Growth % ...                       5.31 11.6 25.6 -3.89 -12.2    
Shareholders' Equity Growth % ...                       12.2 7.76 -13.1 -5.91 22.4    
Customer Deposit Growth % ...                       -1.91 15.5 17.6 9.28 -5.79    
Retail Deposit Growth % ...           ... ... ... ...     5.09 17.1 19.0 18.1 -3.58    
Corporate Deposit Growth % ...           ... ... ... ...     -9.93 12.8 15.8 -2.95 -9.12    
market share                                      
Market Share in Customer Loans %                         1.23 1.22 1.26 1.06 1.01   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ...     1.28 1.10 1.27 1.12 1.14   ...
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.91   ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...       1.64 1.82 1.85 1.70 1.73   ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.49   ...
Market Share in Total Assets % ... ... ... ...                 1.37 1.31 1.22 1.12 1.02   ...
Market Share in Customer Deposits % ... ... ... ...                 1.91 1.90 1.69 1.55 1.56   ...
Market Share in Retail Deposits % ... ... ... ...     ... ... ...       1.57 1.54 1.68 1.58 1.46   ...
Market Share in Corporate Deposits % ... ... ... ...     ... ... ...       1.75 1.75 1.29 1.12 1.18   ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                      
ROE %                         17.6 18.3 7.09 25.4 22.1    
ROA %                         2.87 3.02 0.956 2.84 2.89    
Costs (As % Of Assets) %                         4.02 3.67 5.63 3.71 3.09    
Costs (As % Of Income) %                         51.4 46.8 69.7 41.1 38.4    
Capital Adequacy Ratio % ...                       19.3 19.5 18.3 20.6 26.3    
Net Interest Margin %                         4.02 4.32 5.38 4.95 5.27    
Interest Spread % ...                       3.50 3.72 4.65 4.10 4.35    
Asset Yield %                         6.70 7.35 10.1 11.8 11.4    
Cost Of Liabilities % ...                       3.20 3.63 5.42 7.66 7.01    
Interest Income (As % Of Revenues) %                         51.5 55.1 66.6 54.9 65.4    
Fee Income (As % Of Revenues) %                         18.4 20.0 17.5 16.4 21.8    
Other Income (As % Of Revenues) %                         30.2 24.9 15.9 28.8 12.8    
Cost Per Employee USD per month ... ... ... ... ... ...             3,584 3,732 2,354 1,955 2,093    
Cost Per Employee (Local Currency) RUB per month ... ... ... ... ... ...             111,315 118,883 110,179 130,636 139,781    
Staff Cost (As % Of Total Cost) %                         42.8 48.3 23.7 36.5 51.6    
Equity (As % Of Assets) %                         16.9 16.3 11.3 11.0 15.4    
Loans (As % Of Deposits) %                         94.0 95.5 108 89.9 86.6    
Loans (As % Assets) %                         57.8 60.8 64.3 60.8 62.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...       3.69 3.34 3.98 5.60 4.12    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...       146 115 106 114 121    
Provisions (As % Of Loans) %             ... ... ...       5.67 4.00 4.40 6.84 5.25    
Cost of Provisions (As % Of Loans) %                         0.244 0.544 1.46 2.81 2.07    
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 ... ... ... ... ... ...             178 187 210 184 179    
Employees ... ... ... ... ... ...             8,003 8,380 8,110 7,554 7,664    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 61.9    

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Raiffeisen Russia's equity (as % of assets) fell 3.11% yoy to 13.4% in 2Q2019

By Helgi Analytics - October 7, 2019

Raiffeisenbank Russia's Equity reached 12.6% of total assets in the 2Q2019, up from 12.1% for the previous year. As a share of net customer loans, the ratio amounted to 20.7% at the end of the second quarter of 2019. ...

Raiffeisen Russia's net profit rose 15.8% to RUB 33.7 bil in 2018

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia made a net profit of RUB 33.7 bil under revenues of RUB 78.3 bil in 2018, up 15.8% and 13.7% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 33.7 bil in 2018 and an all time low of ...

Raiffeisen Russia's npls (as % of loans) fell 48.4% to 1.45% in 2018

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia's non-performing loans reached 1.45% of total loans at the end of 2018, down from 2.82% compared to the previous year. Historically, the NPL ratio hit an all time high of 10.9% in 2009 and an all time low of 1.45% in 2018. Provision co...

Raiffeisen Russia's net interest margin fell 5.49% to 5.34% in 2018

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia's net interest margin amounted to 5.34% in 2018, down from 5.65% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.65% in 2017 and an all time low of 2.96% in 2002. The averag...

Raiffeisen Russia's employees rose 9.52% to 8,949 in 2018

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia employed 8,949 persons in 2018, up 9.52% when compared to the previous year. Historically, the bank's workforce hit an all time high of 10,731 persons in 2008 and an all time low of 7,554 in 2015. Average cost reached USD 2,422 per month per...

Raiffeisen Russia's net interest income rose 16.5% to RUB 52.6 bil in 2018

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia generated total banking revenues of RUB 78.3 bil in 2018, up 13.7% 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 79.1 bil in 2015 ...

Raiffeisen Russia's costs (as % of assets) fell 6.71% to 3.32% in 2018

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia's cost to income ratio reached 41.7% in 2018, up from 41.3% compared to the previous year. Historically, the bank’s costs reached an all time high of 69.7% of income in 2014 and an all time low of 38.4% in 2016. When compared to total...

Raiffeisen Russia's customer loan growth rose 47.8% to 22.9% in 2018

By Helgi Analytics - August 19, 2019

Raiffeisenbank Russia's customer loan growth reached 22.9% in 2018, up from 15.5% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 108% in 2006 and an all time low of -32.9% in 2009. In the last decade, the ...

Raiffeisen Russia's customer deposits rose 35.8% to RUB 643 bil in 2018

By Helgi Analytics - September 6, 2018

Raiffeisenbank Russia's customer deposits reached RUB 643 bil in 2017, up 17.3% compared to the previous year. Russian banking sector accepted customer deposits of RUB 37,471 bil in 2017, up 6.51% when compared to the last year. Raiffeisenbank Russia acco...

Raiffeisen Russia's customer loans rose 22.9% to RUB 548 bil in 2018

By Helgi Analytics - September 6, 2018

Raiffeisenbank Russia's customer loans reached RUB 548 bil in 2017, up 15.5% compared to the previous year. Russian banking sector provided customer loans of RUB 48,542 bil in 2017, up 3.85% when compared to the last year. Raiffeisenbank Russia accounted ...

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ZAO Raiffeisenbank Austria (or Raiffeisenbank Russia) is a Russia-based commercial bank. The Bank offers a typical range of banking services and products for retail as well as corporate segment, but provides also investment banking and treasury services, asset management, private banking, or leasing, for example. At the end of 2015, the Bank operated 184 branches, employed more than 7,500 persons and held more than 1.0% of total bank assets in Russia. The Bank is effectively a 100% subsidiary of Raiffeisen Bank International AG (RBI), which is one of the biggest players in the emerging Europe. Raiffeisen has been operating on the Russian market since 1989. In 1996, the Raiffeisenbank ZAO has been opened in Moscow

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Finance

Raiffeisenbank Russia has been growing its revenues and asset by 5.11% and 6.16% a year on average in the last 10 years. Its loans and deposits have grown by 6.33% and 12.9% a year during that time and loans to deposits ratio reached 77.2% at the end of 2018. The company achieved an average return on equity of 17.2% in the last decade with net profit growing 11.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 41.7% in 2018, compared to 50.3% average in the last decade.

Equity represented 12.9% of total assets or 21.6% of loans at the end of 2018. Raiffeisenbank Russia's non-performing loans were 1.45% of total loans while provisions covered some 160% of NPLs at the end of 2018.