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**

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**

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.