Key financial performance indicators

Assets, RUB bln

Assets, RUB bln
Loans to customers (gross), RUB bln
Loans to customers (gross), RUB bln
Deposits by customers, RUB bln
Deposits by customers, RUB bln
Retail deposits, RUB bln
Retail deposits, RUB bln
Debt securities issued, RUB bln
Debt securities issued, RUB bln
Shareholders’ equity, RUB bln
Shareholders’ equity, RUB bln
Core Tier 1 / RWAs, %
Core Tier 1 / RWAs, %
Tier 1 ratio, %
Tier 1 ratio, %
Capital adequacy ratio, %
Capital adequacy ratio, %

Explanation:

The core capital increased by 17.0% y-o-y to RUB 170.2 bln. The capital structure was strengthened by a RUB 14.7 bln SPO carried out on the Moscow Exchange in November 2019. The Tier 1 capital ratio calculated in accordance with Basel III rose from 10.7% as at end-2018 to 11.9% as at end-2019.

The bank’s total capital according to the Basel III standards rose by 1.8% y-o-y to RUB 302.9 bln. The additional and tier 2 capitals declined because of currency revaluation and partial buyback and cancellation of subordinated Eurobonds CBOM27 and CBOM-perp in November 2019. The total capital adequacy ratio reduced from 21.9% to 21.2%.

Net income, RUB bln

Net income, RUB bln
Net interest income, RUB bln

Net interest income, RUB bln
Net fee and commission income, RUB bln
Net fee and commission income, RUB bln
ROE, %
ROE, %
NIM, %
NIM, %
COR, %
COR, %

Explanation:

Net income for 2019 was RUB 12.0 bln. It fell largely because the rouble exchange rate continued to climb in 4Q2019, which was reflected in the FX-nominated perpetual subordinated Eurobonds revaluation, and because net interest income shrank while risk indicators remained at their 2018 levels.

Net interest income decreased by 6.5% y-o-y to RUB 45.3 bln as interest income rose by 6.8% and interest expense by 14.0% in 2019 due to a faster growth of retail deposits and repricing of large corporate deposits in the first half of 2019.