UniCredit Bank Russia

UCI Russia's net profit fell 7.49% to RUB 16.7 bil in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia made a net profit of RUB 16.7 bil under revenues of RUB 49.2 bil in 2018, up -7.49% and -4.70% respectively com...

UCI Russia's employees rose 0.544% to 4,066 in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia employed 4,066 persons in 2018, up 0.544% when compared to the previous year. Historically, the bank's wor...

UCI Russia's npls (as % of loans) fell 3.74% to 7.02% in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia's non-performing loans reached 7.02% of total loans at the end of 2018, down from 7.29% compared to the pre...

Profit Statement 2016 2017 2018
Net Interest Income RUB bil 45.1 41.6 41.0
Fee Income (As % Of Revenues) % 11.2 13.6 17.7
Other Income RUB bil 2.11 3.09 -0.545
Total Revenues RUB bil 53.2 51.7 49.2
Staff Cost RUB bil 8.75 8.85 9.43
Operating Profit RUB bil 35.2 33.9 30.2
Provisions RUB bil 17.6 11.2 10.3
Net Profit RUB bil 14.0 18.1 16.7
Balance Sheet 2016 2017 2018
Interbank Loans RUB bil 270 292 360
Customer Loans RUB bil 677 669 863
Debt Securities RUB bil 148 174 94.8
Total Assets RUB bil 1,172 1,186 1,363
Shareholders' Equity RUB bil 182 200 196
Interbank Borrowing RUB bil 152 85.4 88.0
Customer Deposits RUB bil 779 827 1,016
Issued Debt Securities RUB bil 6.51 6.51 0.048
Ratios 2016 2017 2018
ROE % 8.10 9.46 8.44
ROA % 1.09 1.53 1.31
Costs (As % Of Assets) % 1.40 1.51 1.49
Costs (As % Of Income) % 33.9 34.4 38.6
Capital Adequacy Ratio % 19.3 18.2 16.1
Net Interest Margin % 3.50 3.53 3.22
Loans (As % Of Deposits) % 86.9 80.8 85.0
NPLs (As % Of Loans) % 8.43 7.29 7.02
Provisions (As % Of NPLs) % 74.3 82.5 87.1
Growth Rates 2016 2017 2018
Total Revenue Growth % 6.24 -2.86 -4.70
Operating Cost Growth % 17.0 -1.22 6.94
Operating Profit Growth % 1.45 -3.70 -10.8
Net Profit Growth % -9.63 28.8 -7.49
Customer Loan Growth % -21.9 -1.25 29.1
Total Asset Growth % -16.7 1.19 14.9
Customer Deposit Growth % -16.4 6.16 22.8
Shareholders' Equity Growth % 10.4 10.2 -2.23
Employees 4,084 4,044 4,066

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summary Unit 1999 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                           27.3 28.8 35.6 40.4 45.1    
Total Revenues RUB bil                           36.1 46.2 42.6 50.1 53.2    
Operating Profit RUB bil                           25.0 34.2 29.2 34.7 35.2    
Net Profit RUB bil                           17.5 24.1 18.8 15.5 14.0    
balance sheet                                        
Interbank Loans RUB bil                           246 223 333 337 270    
Customer Loans RUB bil                           504 549 827 867 677    
Debt Securities RUB bil                           82.8 80.3 144 148 148    
Total Assets RUB bil                           868 889 1,360 1,407 1,172    
Shareholders' Equity RUB bil                           113 132 142 165 182    
Interbank Borrowing RUB bil                           188 153 210 194 152    
Customer Deposits RUB bil                           504 530 811 931 779    
Issued Debt Securities RUB bil                           40.8 50.7 62.0 102 6.51    
ratios                                        
ROE %                           17.3 19.7 13.7 10.1 8.10    
ROA %                           2.13 2.75 1.67 1.12 1.09    
Costs (As % Of Assets) %                           1.36 1.36 1.20 1.11 1.40    
Costs (As % Of Income) %                           30.8 25.9 31.5 30.7 33.9    
Capital Adequacy Ratio % ... ... ... ... ... ... ...             15.0 16.3 9.30 12.9 19.3    
Net Interest Margin %                           3.33 3.28 3.17 2.92 3.50    
Interest Income (As % Of Revenues) %                           75.7 62.3 83.5 80.6 84.8    
Fee Income (As % Of Revenues) %                           13.1 11.9 15.1 8.75 11.2    
Staff Cost (As % Of Total Cost) %                           53.5 53.4 53.2 50.6 48.6    
Equity (As % Of Assets) %                           13.0 14.9 10.4 11.7 15.5    
Loans (As % Of Deposits) %                           100 104 102 93.1 86.9    
Loans (As % Assets) %                           58.1 61.7 60.8 61.6 57.8    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...             4.62 4.16 3.71 6.43 8.43    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...             66.2 72.2 65.9 57.8 74.3    
income statement Unit 1999 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                           50.6 59.6 94.9 130 117    
Interest Cost RUB bil                           23.3 30.8 59.3 89.6 72.4    
Net Interest Income RUB bil                           27.3 28.8 35.6 40.4 45.1    
Net Fee Income RUB bil                           4.72 5.48 6.42 4.38 5.98    
Other Income RUB bil                           4.07 11.9 0.600 5.32 2.11    
Total Revenues RUB bil                           36.1 46.2 42.6 50.1 53.2    
Staff Cost RUB bil                           5.95 6.40 7.14 7.79 8.75    
Depreciation RUB bil                           1.09 1.30 1.41 1.60 1.86    
Other Cost RUB bil                           4.08 4.27 4.88 6.00 7.40    
Operating Cost RUB bil                           11.1 12.0 13.4 15.4 18.0    
Operating Profit RUB bil                           25.0 34.2 29.2 34.7 35.2    
Provisions RUB bil                           2.81 3.44 4.41 14.6 17.6    
Extra and Other Cost RUB bil                           -0.042 0.952 1.20 1.07 -0.012    
Pre-Tax Profit RUB bil                           22.2 29.8 23.6 19.0 17.6    
Tax RUB bil                           4.76 5.71 4.77 3.47 3.58    
Minorities RUB bil                           0 0 0 0 0    
Net Profit RUB bil                           17.5 24.1 18.8 15.5 14.0    
growth rates                                        
Net Interest Income Growth % ...                         25.5 5.33 23.7 13.3 11.7    
Net Fee Income Growth % ...                         -22.7 16.1 17.1 -31.8 36.5    
Total Revenue Growth % ...                         10.2 27.9 -7.72 17.4 6.24    
Operating Cost Growth % ...                         8.08 7.70 12.2 14.5 17.0    
Operating Profit Growth % ...                         11.2 36.9 -14.7 18.8 1.45    
Pre-Tax Profit Growth % ...                         12.0 34.1 -20.9 -19.5 -7.28    
Net Profit Growth % ...                         10.7 38.0 -22.0 -17.5 -9.63    
market share                                        
Market Share in Revenues % ... ... ... ... ...                 0.911 1.02 0.709 0.748 0.405   ...
Market Share in Net Profit % ... ... ... ... ...                 2.21 3.32 3.87 18.3 2.14   ...
Market Share in Employees % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.399 0.466 ... ... ...
Market Share in Branches % ... ... ... ... ... ... ... ...           0.251 0.243 0.250 0.278 0.309   ...
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                        
Cash RUB bil                           24.0 25.7 42.9 22.7 58.6    
Interbank Loans RUB bil                           246 223 333 337 270    
Customer Loans RUB bil                           504 549 827 867 677    
Retail Loans RUB bil ... ... ... ... ... ... ...             118 151 165 133 127    
Mortgage Loans RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 33.6 31.3 ... ... ...
Consumer Loans RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 52.0 42.0 ... ... ...
Corporate Loans RUB bil ... ... ... ... ... ... ...             386 390 668 755 585    
Debt Securities RUB bil                           82.8 80.3 144 148 148    
Fixed Assets RUB bil                           8.70 8.53 9.45 11.0 11.7    
Total Assets RUB bil                           868 889 1,360 1,407 1,172    
Shareholders' Equity RUB bil                           113 132 142 165 182    
Of Which Minority Interest RUB bil                           0 0 0 0 0    
Liabilities RUB bil                           755 756 1,218 1,243 991    
Interbank Borrowing RUB bil                           188 153 210 194 152    
Customer Deposits RUB bil                           504 530 811 931 779    
Retail Deposits RUB bil ... ... ... ... ...                 94.6 112 152 224 213    
Corporate Deposits RUB bil ... ... ... ... ...                 409 418 659 707 566    
Sight Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 126 147 200    
Term Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 685 785 579    
Issued Debt Securities RUB bil                           40.8 50.7 62.0 102 6.51    
Other Liabilities RUB bil                           23.0 23.5 136 15.7 52.9    
asset quality                                        
Non-Performing Loans RUB bil ... ... ... ... ... ... ...             24.0 23.5 31.5 57.9 60.9    
Gross Loans RUB bil ... ... ...                     520 566 848 901 722    
Total Provisions RUB bil ... ... ...                     15.9 17.0 20.7 33.4 45.3    
growth rates                                        
Customer Loan Growth % ...                         6.66 8.81 50.7 4.89 -21.9    
Retail Loan Growth % ... ... ... ... ... ... ... ...           34.6 28.1 9.59 -19.6 -4.54    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -6.85 ... ... ...
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -19.2 ... ... ...
Corporate Loan Growth % ... ... ... ... ... ... ... ...           -1.68 1.06 71.2 13.1 -22.6    
Total Asset Growth % ...                         12.5 2.31 53.1 3.44 -16.7    
Shareholders' Equity Growth % ...                         28.2 16.6 7.59 15.8 10.4    
Customer Deposit Growth % ...                         8.85 5.10 53.1 14.9 -16.4    
Retail Deposit Growth % ... ... ... ... ... ...               14.0 18.2 35.9 47.8 -5.04    
Corporate Deposit Growth % ... ... ... ... ... ...               7.72 2.07 57.7 7.32 -19.9    
market share                                        
Market Share in Customer Loans %                           1.69 1.54 1.82 1.76 1.45   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ...     2.07 1.85 2.44 2.48 2.13   ...
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.666 0.626 ... ... ...
Market Share in Consumer Loans % ... ... ... ... ... ... ...             1.52 1.51 1.46 1.24 1.17   ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.953 0.787 ... ... ...
Market Share in Total Assets % ... ... ... ... ...                 1.86 1.64 1.86 1.83 1.59   ...
Market Share in Customer Deposits % ... ... ... ... ...                 2.45 2.22 2.58 2.49 2.21   ...
Market Share in Retail Deposits % ... ... ... ... ...                 0.664 0.659 0.819 0.967 0.881   ...
Market Share in Corporate Deposits % ... ... ... ... ...                 4.26 3.85 3.87 3.72 3.45   ...
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                        
ROE %                           17.3 19.7 13.7 10.1 8.10    
ROA %                           2.13 2.75 1.67 1.12 1.09    
Costs (As % Of Assets) %                           1.36 1.36 1.20 1.11 1.40    
Costs (As % Of Income) %                           30.8 25.9 31.5 30.7 33.9    
Capital Adequacy Ratio % ... ... ... ... ... ... ...             15.0 16.3 9.30 12.9 19.3    
Tier 1 Ratio % ... ... ... ... ... ... ...             13.7 15.1 9.30 10.4 16.2    
Net Interest Margin %                           3.33 3.28 3.17 2.92 3.50    
Interest Spread % ...                         2.94 2.71 2.44 2.11 2.63    
Asset Yield %                           6.17 6.78 8.44 9.39 9.11    
Cost Of Liabilities % ...                         3.23 4.07 6.01 7.28 6.48    
Interest Income (As % Of Revenues) %                           75.7 62.3 83.5 80.6 84.8    
Fee Income (As % Of Revenues) %                           13.1 11.9 15.1 8.75 11.2    
Other Income (As % Of Revenues) %                           11.3 25.8 1.41 10.6 3.97    
Cost Per Employee USD per month ... ... ... ... ... ... ... ...           4,354 4,530 3,359 2,487 2,673    
Cost Per Employee (Local Currency) RUB per month ... ... ... ... ... ... ... ...           135,250 144,316 157,216 166,177 178,493    
Staff Cost (As % Of Total Cost) %                           53.5 53.4 53.2 50.6 48.6    
Equity (As % Of Assets) %                           13.0 14.9 10.4 11.7 15.5    
Loans (As % Of Deposits) %                           100 104 102 93.1 86.9    
Loans (As % Assets) %                           58.1 61.7 60.8 61.6 57.8    
NPLs (As % Of Loans) % ... ... ... ... ... ... ...             4.62 4.16 3.71 6.43 8.43    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...             66.2 72.2 65.9 57.8 74.3    
Provisions (As % Of Loans) % ... ... ...                     3.16 3.09 2.51 3.86 6.68    
Cost of Provisions (As % Of Loans) %                           0.574 0.654 0.642 1.73 2.28    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                        
Branches ... ... ... ... ... ... ... ...           107 105 104 103 105    
Employees ... ... ... ... ... ... ... ...           3,666 3,696 3,786 3,908 4,084    
Clients mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.59 1.72 1.86   ...
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15.5 15.7 25.7    

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UCI Russia's net interest margin fell 8.63% to 3.22% in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia's net interest margin amounted to 3.22% in 2018, down from 3.53% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.80% in 2006 and an all time low of 1.05% in 2000. The averag...

UCI Russia's net interest income fell 1.26% to RUB 41.0 bil in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia generated total banking revenues of RUB 49.2 bil in 2018, down 4.7% 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 53.2 bil in 2016...

UCI Russia's capital adequacy ratio fell 11.5% to 16.1% in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia's capital adequacy ratio reached 16.1% at the end of 2018, down from 18.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 19.3% in 2016 and an all time low of 9.30% in 2014. The Tier 1 ratio...

UCI Russia's costs (as % of assets) fell 1.04% to 1.49% in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia's cost to income ratio reached 38.6% in 2018, up from 34.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 38.6% of income in 2018 and an all time low of 22.6% in 2008. When compared to total...

UCI Russia's customer loan growth rose 2,422% to 29.1% in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia's customer loan growth reached 29.1% in 2018, up from -1.25% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 203% in 2006 and an all time low of -21.9% in 2016. In the last decade, the...

UCI Russia's customer deposits rose 22.8% to RUB 827 bil in 2018

By Helgi Analytics - September 7, 2018

UniCredit Bank Russia's customer deposits reached RUB 827 bil in 2017, up 6.16% 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. UniCredit Bank Russia acco...

UCI Russia's retail deposits rose 13.6% to RUB 264 bil in 2018

By Helgi Analytics - September 29, 2018

UniCredit Bank Russia's retail deposits reached RUB 264 bil in 2017, up 23.7% compared to the previous year. Russian banking sector accepted retail deposits of RUB 25,987 bil in 2017, up 7.38% when compared to the last year. UniCredit Bank Russia accounte...

UCI Russia's total revenues fell 4.70% to RUB 51.7 bil in 2018

By Helgi Analytics - September 7, 2018

UniCredit Bank Russia generated total banking revenues of RUB 51.7 bil in 2017, down 2.86% 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 las...

UCI Russia's customer loans rose 29.1% to RUB 669 bil in 2018

By Helgi Analytics - September 7, 2018

UniCredit Bank Russia's customer loans reached RUB 669 bil in 2017, down 1.25% 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. UniCredit Bank Russia accounte...

UCI Russia's corporate loans rose 27.9% to RUB 552 bil in 2018

By Helgi Analytics - August 19, 2019

UniCredit Bank Russia's corporate loans reached RUB 552 bil in 2017, down 5.50% compared to the previous year. Russian banking sector provided corporate loans of RUB 27,187 bil in 2017, down 0.824% when compared to the last year. UniCredit Bank Russia acc...

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UniCredit Bank Russia is the largest foreign bank in Russia. As its name suggests, the Bank is a subsidiary of UniCredit Bank Austria. The Bank offers a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits amongst others. In addition to providing mainstream banking products, the Group undertakes insurance activities, stock brokerage, investment in mutual funds, leasing services, real estate investment management and financial advice, amongst others. In October 2014, the Bank serviced more than 1.49 mil retail customers and approx. 30,800 corporate clients with a help of over 3,600 employees throughout its 106 branches. The company was founded in 1989 and is based in Moscow, the Russian Federation.

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Finance

UniCredit Bank Russia has been growing its revenues and asset by 1.45% and 8.63% a year on average in the last 10 years. Its loans and deposits have grown by 8.01% and 15.1% a year during that time and loans to deposits ratio reached 85.0% at the end of 2018. The company achieved an average return on equity of 13.4% in the last decade with net profit growing 4.32% a year on average. In terms of operating efficiency, its cost to income ratio reached 38.6% in 2018, compared to 32.0% average in the last decade.

Equity represented 14.4% of total assets or 22.7% of loans at the end of 2018. UniCredit Bank Russia's non-performing loans were 7.02% of total loans while provisions covered some 87.1% of NPLs at the end of 2018.