Rusfinance Bank

Rusfinance Bank's net interest margin fell 28.3% to 4.82% in 2018

By Helgi Analytics - October 19, 2019

Rusfinance Bank's net interest margin amounted to 4.82% in 2018, down from 6.73% compared to the previous year. Historical...

Rusfinance Bank's customer loans rose 12.1% to RUB 122 bil in 2018

By Helgi Analytics - October 19, 2019

Rusfinance Bank's customer loans reached RUB 122 bil in 2018, up 12.1% compared to the previous year. Russian banking sector pr...

Rusfinance Bank's net profit fell 89.6% to RUB 0.115 bil in 2018

By Helgi Analytics - October 19, 2019

Rusfinance Bank made a net profit of RUB 0.115 bil under revenues of RUB 7.98 bil in 2018, up -89.6% and -12.4% respectively compared...

Profit Statement 2016 2017 2018
Net Interest Income RUB bil 8.13 7.13 5.82
Fee Income (As % Of Revenues) % 13.9 18.5 25.1
Other Income RUB bil 0.351 0.302 0.157
Total Revenues RUB bil 9.86 9.11 7.98
Operating Profit RUB bil 3.92 2.56 1.17
Provisions RUB bil 1.84 1.06 0.965
Net Profit RUB bil 1.65 1.10 0.115
Balance Sheet 2016 2017 2018
Interbank Loans RUB bil 0 2.46 2.71
Customer Loans RUB bil 90.5 109 122
Debt Securities RUB bil 0.003 0.003 0
Total Assets RUB bil 97.7 114 127
Shareholders' Equity RUB bil 23.0 23.7 23.3
Interbank Borrowing RUB bil 13.7 52.0 86.5
Customer Deposits RUB bil 13.5 13.1 9.66
Issued Debt Securities RUB bil 45.2 23.4 5.93
Ratios 2016 2017 2018
ROE % 7.16 4.71 0.488
ROA % 1.73 1.04 0.095
Costs (As % Of Assets) % 6.24 6.19 5.64
Costs (As % Of Income) % 60.2 72.0 85.4
Capital Adequacy Ratio % ... 13.4 ...
Net Interest Margin % 8.56 6.73 4.82
Loans (As % Of Deposits) % 668 832 1,260
Growth Rates 2016 2017 2018
Total Revenue Growth % -7.30 -7.52 -12.4
Operating Cost Growth % 7.42 10.5 3.90
Operating Profit Growth % -23.2 -34.8 -54.3
Net Profit Growth % 105 -33.2 -89.6
Customer Loan Growth % 1.62 20.1 12.1
Total Asset Growth % 5.61 17.0 11.4
Customer Deposit Growth % -26.0 -3.57 -26.0
Shareholders' Equity Growth % 0.034 3.04 -1.85
Employees 5,057 5,517 4,586

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Net Interest Income RUB bil           11.6 10.5 10.4 9.03 8.13    
Total Revenues RUB bil           13.1 12.2 12.4 10.6 9.86    
Operating Profit RUB bil           6.67 6.59 6.43 5.11 3.92    
Net Profit RUB bil           4.02 2.94 2.37 0.802 1.65    
balance sheet                        
Interbank Loans RUB bil           0 0 0 0 0    
Customer Loans RUB bil           92.3 103 103 89.0 90.5    
Debt Securities RUB bil           0 0.003 0 0.003 0.003    
Total Assets RUB bil           98.1 109 119 92.5 97.7    
Shareholders' Equity RUB bil           24.4 24.6 25.2 23.0 23.0    
Interbank Borrowing RUB bil           41.3 32.8 22.9 8.07 13.7    
Customer Deposits RUB bil           9.01 21.0 29.7 18.3 13.5    
Issued Debt Securities RUB bil           21.9 28.9 39.3 39.2 45.2    
ratios                        
ROE %           16.6 12.0 9.50 3.32 7.16    
ROA %           4.13 2.84 2.08 0.759 1.73    
Costs (As % Of Assets) %           6.63 5.45 5.28 5.23 6.24    
Costs (As % Of Income) %           49.2 46.1 48.3 52.0 60.2    
Capital Adequacy Ratio %   ...       25.1 23.1 22.3 ... ...   ...
Net Interest Margin %           12.0 10.2 9.15 8.54 8.56    
Interest Income (As % Of Revenues) %           88.6 85.8 83.7 84.9 82.5    
Fee Income (As % Of Revenues) %           10.2 11.5 13.4 11.8 13.9    
Equity (As % Of Assets) %           24.9 22.6 21.2 24.9 23.6    
Loans (As % Of Deposits) %           1,024 488 348 486 668    
Loans (As % Assets) %           94.1 94.4 86.8 96.3 92.6    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Interest Income RUB bil           17.5 16.8 17.4 17.3 15.3    
Interest Cost RUB bil           5.84 6.28 7.01 8.29 7.21    
Net Interest Income RUB bil           11.6 10.5 10.4 9.03 8.13    
Net Fee Income RUB bil           1.34 1.41 1.66 1.26 1.37    
Other Income RUB bil           0.149 0.321 0.360 0.347 0.351    
Total Revenues RUB bil           13.1 12.2 12.4 10.6 9.86    
Operating Cost RUB bil           6.46 5.64 6.00 5.53 5.94    
Operating Profit RUB bil           6.67 6.59 6.43 5.11 3.92    
Provisions RUB bil           1.32 2.67 3.35 4.10 1.84    
Extra and Other Cost RUB bil           0.201 0.133 0.058 < 0.001 < 0.001    
Pre-Tax Profit RUB bil           5.15 3.79 3.02 1.01 2.08    
Tax RUB bil           1.13 0.850 0.654 0.208 0.437    
Minorities RUB bil           0 0 0 0 0    
Net Profit RUB bil           4.02 2.94 2.37 0.802 1.65    
growth rates                        
Net Interest Income Growth % ...         -4.04 -9.84 -0.812 -13.3 -9.87    
Net Fee Income Growth % ...         43.3 4.94 18.1 -24.4 8.82    
Total Revenue Growth % ...         -0.436 -6.91 1.71 -14.5 -7.30    
Operating Cost Growth % ...         2.85 -12.7 6.49 -7.94 7.42    
Operating Profit Growth % ...         2.85 -12.7 14.1 -20.6 -23.2    
Pre-Tax Profit Growth % ...         -7.83 -26.5 -20.2 -66.6 106    
Net Profit Growth % ...         -8.88 -27.0 -19.4 -66.1 105    
market share                        
Market Share in Revenues %           < 0.001 < 0.001 < 0.001 < 0.001 < 0.001   ...
Market Share in Net Profit %           < 0.001 < 0.001 < 0.001 < 0.001 < 0.001   ...
Market Share in Employees % ... ... ... ... ... ... ... 0.557 0.568 ... ... ...
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                        
Cash RUB bil           4.33 4.79 13.6 1.91 5.75    
Interbank Loans RUB bil           0 0 0 0 0    
Customer Loans RUB bil           92.3 103 103 89.0 90.5    
Debt Securities RUB bil           0 0.003 0 0.003 0.003    
Fixed Assets RUB bil           0.437 0.412 0.411 0.459 0.498    
Total Assets RUB bil           98.1 109 119 92.5 97.7    
Shareholders' Equity RUB bil           24.4 24.6 25.2 23.0 23.0    
Of Which Minority Interest RUB bil           0 0 0 0 0    
Liabilities RUB bil           73.7 84.1 93.7 69.4 74.6    
Interbank Borrowing RUB bil           41.3 32.8 22.9 8.07 13.7    
Customer Deposits RUB bil           9.01 21.0 29.7 18.3 13.5    
Sight Deposits RUB bil           2.06 2.17 1.80 1.56 1.99    
Issued Debt Securities RUB bil           21.9 28.9 39.3 39.2 45.2    
Other Liabilities RUB bil           1.51 1.27 1.84 3.81 2.24    
asset quality                        
Gross Loans RUB bil   ...       106 115 115 102 102    
Total Provisions RUB bil   ...       13.3 12.7 12.1 13.3 12.0    
growth rates                        
Customer Loan Growth % ...         1.25 11.0 0.732 -13.8 1.62    
Total Asset Growth % ...         1.51 10.7 9.45 -22.2 5.61    
Shareholders' Equity Growth % ...         1.35 0.824 2.58 -8.73 0.034    
Customer Deposit Growth % ...         -5.61 133 41.1 -38.3 -26.0    
market share                        
Market Share in Customer Loans %           0.309 0.288 0.227 0.181 0.194    
Market Share in Total Assets %           0.210 0.200 0.163 0.120 0.132    
Market Share in Customer Deposits %           0.044 0.088 0.094 0.049 0.038    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                        
ROE %           16.6 12.0 9.50 3.32 7.16    
ROA %           4.13 2.84 2.08 0.759 1.73    
Costs (As % Of Assets) %           6.63 5.45 5.28 5.23 6.24    
Costs (As % Of Income) %           49.2 46.1 48.3 52.0 60.2    
Capital Adequacy Ratio %   ...       25.1 23.1 22.3 ... ...   ...
Tier 1 Ratio %   ...       25.1 23.0 22.3 ... ... ... ...
Net Interest Margin %           12.0 10.2 9.15 8.54 8.56    
Interest Spread % ...         9.97 8.26 7.42 6.22 6.13    
Asset Yield %           17.9 16.2 15.3 16.4 16.1    
Cost Of Liabilities % ...         7.98 7.96 7.89 10.2 10.0    
Interest Income (As % Of Revenues) %           88.6 85.8 83.7 84.9 82.5    
Fee Income (As % Of Revenues) %           10.2 11.5 13.4 11.8 13.9    
Other Income (As % Of Revenues) %           1.13 2.62 2.90 3.26 3.56    
Equity (As % Of Assets) %           24.9 22.6 21.2 24.9 23.6    
Loans (As % Of Deposits) %           1,024 488 348 486 668    
Loans (As % Assets) %           94.1 94.4 86.8 96.3 92.6    
Provisions (As % Of Loans) %   ...       14.4 12.4 11.7 14.9 13.2    
Cost of Provisions (As % Of Loans) %           1.44 2.74 3.26 4.26 2.05    
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                        
Employees           6,000 5,700 5,294 4,762 5,057    
Sight (As % Of Customer Deposits) %           22.9 10.3 6.06 8.53 14.7    

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Rusfinance Bank's customer deposits fell 26.0% to RUB 9.66 bil in 2018

By Helgi Analytics - October 19, 2019

Rusfinance Bank's customer deposits reached RUB 9.66 bil in 2018, down 26.0% 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. Rusfinance Bank accounted for...

Rusfinance Bank's net interest income fell 18.3% to RUB 5.82 bil in 2018

By Helgi Analytics - October 19, 2019

Rusfinance Bank generated total banking revenues of RUB 7.98 bil in 2018, down 12.4% 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 13.2 bil in 2011 and ...

Rusfinance Bank's customer loan growth fell 40.0% to 12.1% in 2018

By Helgi Analytics - October 19, 2019

Rusfinance Bank's customer loan growth reached 12.1% in 2018, down from 20.1% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 76.6% in 2008 and an all time low of -13.8% in 2015. In the last decade, the ave...

Rusfinance Bank's total revenues fell 12.4% to RUB 9.11 bil in 2018

By Helgi Analytics - October 19, 2019

Rusfinance Bank generated total banking revenues of RUB 9.11 bil in 2017, down 7.52% 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...

Rusfinance Bank's capital adequacy ratio fell 40.0% to 22.3% in 2017

By Helgi Analytics - October 19, 2019

Rusfinance Bank's capital adequacy ratio reached 22.3% at the end of 2014, down from 23.1% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 25.1% in 2011 and an all time low of 14.5% in 2007. The Tier 1 ratio amoun...

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Finance

Rusfinance Bank has been growing its revenues and asset by -9.11% and 11.2% a year on average in the last 3 years. Its loans and deposits have grown by 11.0% and -19.2% a year during that time and loans to deposits ratio reached 1,260% at the end of 2018. The company achieved an average return on equity of 4.12% in the last three years with net profit growing -47.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 85.4% in 2018, compared to 72.5% average in the last three years.

Equity represented 18.3% of total assets or 19.1% of loans at the end of 2018. Rusfinance Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.