Analysis of the structure of the loan portfolio of JSCB ROSBANK

According to experts, 2013 has become quite difficult for the Russian economy. Slowdown economic growth, which began in 2012, intensified and turned into stagnation. According to Rosstat, Russia's GDP growth in 2013 was only 1.3% against 3.4% in 2012. Gross value added growth slowed down in all sectors of the Russian economy. At the same time, the largest growth in 2013 was recorded in the financial activities and amounted to 12.0% (19.6% in 2012). The growth of value added in trade in 2013 slowed down to 1.1% from 3.8% in 2012, mining - up to 0.9% to 1.6%, in transport and communications - 0.9% from 3.8%, in manufacturing industries - 0.8% from 2.7%.

Shares of final consumption expenditure in structure of GDP at the end of 2013, they increased and amounted to 71.1% (for comparison - 68.3% in 2012). The share of net exports decreased in 2013 to 5.7% from 7.4% in 2012.

The only source of growth in 2013 remained private consumption, which supported growth consumer lending, and increase wages budget employee. However, the growth rate retail lending, which was the main driver banking market in 2010 - 2012, slowed down to 30%. In the future, this trend may continue due to the introduction of additional restrictions by the Central Bank of the Russian Federation in order to streamline the consumer lending market, the adoption of which is caused by the high level of debt burden of the population and the growth rate of overdue debt, which in 2013 for the first time exceeded the growth rate of the loan portfolio.

Also, 2013 was characterized by a significant decline in investment in the Russian economy and the outflow of capital from the country, the main reason for which can be called the completion of a number of large-scale government infrastructure projects.

At the end of 2013, the assets banking sector increased by 16% against 19% in 2012. The stagnation of the Russian economy had a negative impact, first of all, on the growth rate of lending big business(10% in 2013 vs. 12% in 2012). The segment that managed to maintain the previous growth rates (17-18% per year) is lending to small and medium-sized businesses.

Nevertheless, corporate business remains an important activity and plays a significant role in the formation of the Bank's loan portfolio and income. The bank has a widely diversified client base, which can provide a wide range of banking services.

According to the segmentation of the customer base, the corporate block includes customers with annual revenues of more than 4.0 billion rubles.

For JSCB ROSBANK, servicing corporate clients remains one of the priority areas activities, and by developing all areas of this business, the Bank offers a full range of banking services.

The Bank has a diversified corporate loan portfolio, a significant share of which is funds provided to enterprises in the power industry, petrochemical and oil and gas industry, ferrous and non-ferrous metallurgy, mechanical engineering, military-industrial complex, wholesale and retail, Food Industry.

In 2013, the Bank retained its interest in servicing small and medium-sized businesses (hereinafter - SMEs). Availability branch network(SME products are provided in 97 branches of the Bank) provides an opportunity for small and medium-sized businesses to receive any banking service in a place as close as possible to the place of business.

At the end of 2013, over 1408 clients of small and medium businesses (including individual entrepreneurs) various industries economy (trade, industry, construction, exploration and mining, metallurgy, Agriculture and agro-industrial complex, mechanical engineering) loans were issued in excess of 10 billion rubles.

Loan portfolio JSCB ROSBANK as of 01/01/2013 and 01/01/2014 is presented in Table B.1.

Thus, the volume of net loan debt as of January 1, 2014 amounted to 47,9159,870 thousand rubles, which is 9,327,732 thousand rubles. more than as of January 1, 2013. As of January 1, 2014, the volume of other funds placed with the Bank of Russia amounted to 3,569,213 thousand rubles. while on 01.01.2013 their number was zero. The amount of interbank loans and deposits decreased during the reporting year by 9,781,402 thousand rubles. The volume of loan debt of legal and individuals for the reporting year increased by 1847446 thousand rubles. and 17029539 thousand rubles. accordingly, at the same time, the growth rate of the amount of loan debt of individuals outstrips the growth rate of the amount of loan debt legal entities by 6.87%. The growth in lending to individuals can be explained by the nationwide trend towards an increase in the retail business.

The amount of reserves for possible losses on loans to legal entities decreased over the reporting year by 690,752 thousand rubles. and amounted to 01/01/2014 27819668 thousand rubles. The same indicator for loans to individuals, on the contrary, increased by 2511211 thousand rubles. and according to the data as of 01/01/2014 is 22587290 thousand rubles.

Geography of the loan portfolio of JSCB ROSBANK according to information as of 01.01.2014 and 2013 represented by the data in Table B.2, you can clearly see it in Figure 1.

Thus, according to the data as of 01.01.2014, as well as as of 01.01.2013, a significant part of loans (97.19% and 93.57%, respectively) was provided to companies operating in Russian Federation, which represents a significant geographic concentration in one region.

The largest share of loans invariably goes to clients of the Central Federal District(including Moscow and the Moscow region). In addition, there is a trend to reduce the issuance of loans to customers foreign countries- territories of the CIS, Europe, USA and others.

Figure 1 - Loan portfolio geography

OJSC JSCB ROSBANK as of January 1, 2014

The structure of the retail loan portfolio of JSCB ROSBANK is shown in table 5.

Table 5 - Structure of the retail loan portfolio of JSCB "ROSBANK"

Index	As of 01/01/2014	As of 01.01.2013	Change
		absolute value (contract value), thousand rubles	share in the total amount of loans, %	absolute change, thousand rubles	growth rate, %
Loans to individuals, including:
Home loans
Mortgage loans
Auto loans
Consumer loans

The structure of the retail loan portfolio in 2013 changed somewhat due to a reduction in the share of car loans - 27.37% as of 01.01.2014 compared to 32.92% as of 01.01.2013 reporting year lagged behind other areas of retail lending). The share of other consumer loans increased to 49.03%, while the share mortgage loans increased to 22.11% (by 18446168 thousand rubles and 7099362 thousand rubles respectively). Sales growth credit cards and overdrafts included consumer loans in 2013, the continuous increase in demand from the population and measures to improve the Bank's loan products taking into account changing market conditions.

The structure of loans to legal entities in JSCB ROSBANK is clearly shown in Figure 2.

Figure 2 - Structure of loans to legal entities of JSCB ROSBANK as of 01.01.2014, thousand rubles

Data reporting form 0409302 "Information on placed and attracted funds" allows you to get detailed information about the enlarged branch structure corporate loan portfolio of the Bank, which is presented in table B.3.

The diagram confirms that the Bank has a diversified corporate loan portfolio. The Bank's clients are enterprises in the extractive industry, companies producing and distributing water, gas and electricity, manufacturing industries, engineering enterprises, the military-industrial complex, wholesale and retail trade, the food industry, and transport companies.

The total volume of loans to legal entities for reporting period increased by 12,367,447 thousand rubles, that is, by 6.62%. Wholesale and retail lending has the largest share in the total volume of the corporate loan portfolio - 26.21%; R. the share of loans granted to enterprises in the mining industry and companies conducting real estate transactions decreased by 9,005,137 thousand rubles. and 619358 thousand rubles. respectively.

Table B.4 presents the loan portfolio of JSCB ROSBANK by terms remaining until the full repayment of the debt.

Depending on the terms of crediting, there are long-term, medium-term and short-term loans. The shorter the term of the loan, the more liquid it is. As maturities lengthen, liquidity decreases and credit risk. Table B.4 shows that the largest share in the structure of the loan portfolio is loan investments over 1 year.

The total amount of loans issued for a period of more than a year amounted to 01/01/2014 251.39 billion rubles, which is 4.19 billion rubles. more compared to the data as of 01/01/2013. Loans issued by JSCB ROSBANK to legal entities for a period of more than 1 year amounted to: 71.56 billion rubles. as of January 1, 2013, 72.56 billion rubles as of 01.01.2014 JSCB ROSBANK gives priority to issuing medium-term and long-term loans.

JSCB ROSBANK is a modern credit organization that takes an active position in all types of financial services. The bank is distinguished by flexibility in decision-making and an individual approach to each client. stable position on Russian market, the reputation of a reliable and proven Bank, as well as highly professional management allowed the Bank to make a profit of 858 million rubles.

Banking activities in market economy influenced by various external and internal factors. With the ongoing recession in Russian economy The most important problems for commercial banks are the assessment and analysis of risks when providing loans to borrowers.

The loan portfolio in banking practice contains a set of loans of a particular bank or a set of bank loans, ranked according to the degree of risk. Issuance of loans by banks is carried out by segments: legal entities and individuals, financial institutions, large, medium and small businesses, conscientious and unscrupulous clients, etc.

Any credit institution is concerned not only with the quantitative indicators of lending, but also with the quality. The quality of a loan portfolio is understood as such a property of its structure, which has the ability to provide the maximum level of profitability at an acceptable level credit risk and liquidity of the balance sheet.

Credit risk is the risk that a borrower will not perform in full deadlines their financial obligations that are provided for in the contract. In conditions of instability economic situation in the country, banks are forced to take on increased risks, and in this regard, the problem of reducing banking risks increased sharply. The total risk of a credit institution depends on the degree of credit risk of individual segments of the portfolio, as well as on the diversification of the structure of the loan portfolio and its individual segments.

One of the methods of reducing and preventing credit risks used in daily banking practice is the formation of reserves for possible losses on loans. If the bank pursues an effective policy in the field of reserve formation, then this policy will not only contribute to the growth of the stability of the financial activity of the credit institution, but also allow avoiding fluctuations in the amount of profit associated with the write-off of loan losses.

Guided regulations Bank of Russia, credit institutions to determine the estimated reserve use the distribution of loans in five quality categories: 1) standard; 2) non-standard; 3) doubtful; 4) problematic; 5) hopeless. Each of these categories is characterized by a certain interval of its depreciation: 0.1-20%; 21-50%; 51-100%; 100%. It should be noted that this classification of the categories of loans issued is fully focused on qualitative analysis. financial condition borrower. When determining the probability of loan impairment, banks evaluate the client according to such characteristics as the financial stability of the borrower, financial opportunities, its ability to secure a loan.

Loans granted to individuals, for the purpose of calculating the provision, are formed by different groups of loan products into separate portfolios that have the same risk characteristics. The Bank analyzes each portfolio based on the tenure of loans in arrears accounts. A loan is considered to be fully impaired when the amount of payment of principal and interest on it is overdue for more than 180 days.

Against the backdrop of a slowdown in economic growth in Russia over the past two years, it is advisable to systematically monitor credit operations in the context of borrower clients for timely action. To this end, we will study the state of the loan portfolio of PJSC ROSBANK (Table 1).

Table 1.

Composition and structure of the loan portfolio of PJSC ROSBANK for 2013-2015

Index							Change for 2013-2015
Index
legal
including, overdue
physical
including, overdue
Credit briefcase
including, overdue

As can be seen from the data in the table, the loan portfolio of PJSC ROSBANK consists of loans provided to legal entities and individuals. In 2013, the majority of loans (53.2%) were provided to individuals. In subsequent years, the bank changed direction and already in 2015 the share of loans issued to individuals decreased to 37.31%. Accordingly, the share of loans attributable to legal entities increased.

The value of the loan portfolio for the analyzed period increased by 1.32% with an increase in loans to legal entities by 35.71% and a decrease in the volume of loans to individuals by 28.94%.

Despite the increase in lending to legal entities, the share of overdue debt tended to decrease - 4.23 percentage points. The level of delinquency of legal entities turned out to be half as much as the share of overdue debt of the population, which increased by 8.88 percentage points over the analyzed time interval. The share of total overdue debt in the loan portfolio increased from 8.7% to 10.32%, which required an increase in deductions in reserves for possible losses.

The downward trend in lending and the growth of overdue debt continued in the first months of the current 2016. The volume of loans provided to individuals also decreased as of 01.03. 2016 amounted to 175.2 billion rubles. (Table 2).

Table 2.

Overdue debt on loans issued to individuals by PJSC ROSBANK as of 01.03. 2015-2016

The decrease compared to March 1, 2015 reached 24.61%. However, the volume of overdue debt in the analyzed Bank for the same period increased by 42.31%, which is negative moment, and 2 times exceeded the growth achieved in the lending market in the banking system. The share of overdue loans increased from 7.17% to 13.54%.

Despite the increase in the share of overdue debt in the total loan portfolio, the Bank adheres to a conservative approach to assessing credit risk and pays Special attention adequacy of provisioning for assumed credit risks. The result of credit risk management is the qualification of assets in the appropriate quality categories (Table 3).

Table 3

Share of debt qualified by quality categories

Index		Share of debt, qualified in the following
Index
Loan and equivalent debt to her, total

As can be seen from the above data, as of January 1, 2015, the bulk of the loan portfolio (88.5%) is loan and equivalent debt of the 1st and 2nd quality categories, which indicates the proper quality of the loan portfolio. Compared to January 1, 2013, the share of loans of the 1st and 2nd quality categories increased by 5.3 percentage points. The share of the fourth category of quality decreased by 0.8 percentage points, while the share of the fifth category increased slightly, by only 0 .4 p.p.

These successes have been achieved thanks to the credit risk management system formed in PJSC ROSBANK.

In particular, minimization of credit risk for the corporate loan portfolio includes the following activities:

Maintaining a diversified portfolio structure by sectoral, regional, currency characteristics, terms of loans issued, type of collateral, types of loan products;

Establishing risk limits for individual borrowers or groups of related borrowers;

Application of differentiated, multilevel, integrated approach to the assessment loan applications clients.

In retail lending important aspect The Bank's activity is to maintain an optimal balance between the profitability of the retail loan portfolio and existing credit risks, taking into account the possible trend of their further growth. The main instruments for controlling credit risks are:

Improving the limitation policy, according to which decisions on issuing loans are made either according to the scoring assessment of customers, or jointly by representatives of business units and units responsible for controlling retail credit risks, depending on the amounts, types of loan products, lending conditions;

Implementation of the methodology of risk segmentation of the client base;

Continuous monitoring of the performance of scoring models developed in accordance with the unified methodology of the Societe Generale Group, their improvement, continuous expansion of the coverage of credit products and client segments by scoring cards;

Rapid response to credit risk growth factors – tightening conditions and/or limiting lending to potential borrowers whose credit risk is assessed as “high” by modifying and adapting scoring models, rules and conditions of lending;

Application pricing policy differentiation interest rates depending on the risk segment of the borrower, which makes it possible to attract high-quality borrowers by offering them more attractive rates due to the low risk profile of such borrowers.

In order to reduce financial losses due to default by borrowers on their obligations, the Bank takes the following active steps:

Settlement of problem (overdue) debts through restructuring in cases where economic efficiency due to the financial viability and business plans for the development of the activities of the borrowers;

Dealing with problem (overdue) loans at all stages of collection of overdue debts using developed and improved strategies, including with the involvement of external counterparties;

Collection of problem (overdue) debts in judicial order including participation in bankruptcy proceedings and financial recovery borrowers.

Through the implementation of the above measures, the Bank can control the quality of the loan portfolio, predict and minimize the amount of formed reserves and final losses for the Bank.

Bibliography:

Annual report of PJSC ROSBANK for 2014. [ electronic resource] - Access mode. - URL: https://www.rosbank.ru (date of access: 03/12/2016)
Kazakova K. A. Modeling bank reserve to cover credit losses: a panel data aspect. // Finance and credit. - 2015. - No. 21. - S. 44-49.
Regulation of the Bank of Russia dated March 26, 2004 No. 254-P “On the procedure for the formation by credit institutions of reserves for possible losses on loans, on loan and equivalent debt” [electronic resource] - Access mode. - URL: http://base.garant.ru/584458/ (date of access: 12.03.2016)
Rating of banks as of 03/01/2016 in terms of "Overdue debt on loans issued to individuals. persons” [electronic resource] - Access mode. - URL: http://mir-procentov.ru/banks/ratings/credits-delay-part-fl.html (date of access: 03/12/2016)

The net profit of the banking group Societe Generale in Russia amounted to 3.1 billion rubles. for 2016 under IFRS

During 2016, the Societe Generale banking group in Russia Rosbank, DeltaCredit, Rusfinance Bank and their subsidiaries(hereinafter referred to as the Group) significantly improved its financial result, earning net profit in the amount of 3.1 billion rubles. compared to a loss of 9.2 billion rubles. in 2015. Already in the second half of 2016, the results of the Group moved into the positive zone and in the 4th quarter alone amounted to 2.8 billion rubles.

Despite the challenging economic environment, the Group's activity in the Russian market has largely recovered. In particular, the growth of the active client base has resumed, the volume of loans to individuals is returning to the pre-crisis level, and to legal entities - exceeding them, which allows the Group to maintain its market position in the retail business and increase its market share in corporate business.

Key achievements in the retail business

Loan volume retail loans Group in 2016 increased by 35% compared to 2015, although it still remains below the level of 2014 (-22%). As a result, the Group continues to maintain its leading position in the retail lending market, increasing its market share in lending from 3.4% to 3.6%, while in the consumer lending segment, the market share increased from 2.2% to 2.6%.

At the same time, the Group maintains its leadership in mortgage and car loans thanks to the strong performance of specialized subsidiary banks DeltaCredit and Rusfinance Bank.

DeltaCredit is in the top 5 in terms of mortgage lending (according to analytical center Rusipoteka) with a market share of 3.1%. The total volume of mortgage loans issued in 2016 is 44% higher than in 2015, while the quality of the ruble mortgage portfolio is much higher than the market average. As of December 31, 2016, the 90+ delinquency in the ruble mortgage portfolio of DeltaCredit is 1.21%, compared to the market rate of 2.65%.

Rusfinance Bank consistently ranks among the TOP-3 banks in the car lending market with a 13.5% share. The total volume of car loans issued in 2016 is 28% higher than in 2015. The Bank continues to participate in state program preferential car loans, within which it ranks second in terms of loans (according to the Ministry of Industry and Trade).

In 2016, Rosbank continued to successfully increase its client base: the number of new clients attracted in 2016 was 33% higher than in 2015, and the portfolio of active clients grew by 1%. This was made possible thanks to innovations in the field of daily banking services, as well as effective synergy with corporate business. Thus, in the 4th quarter of 2016, Rosbank, together with the international payment Mastercard system and GC "OK" launched debit card ROSBANK OK Mastercard. Rosbank card Visa Platinum The Supercard+ is recognized as the most attractive for customers with an income above the average - about 130 thousand rubles per month, according to RBC.

Key achievements in corporate business

As part of the international group Societe Generale, Rosbank continues to increase its share in the banking services market for the largest Russian and international companies, the volume of loans in 2016 exceeds the figure for 2015 by 29% (excluding currency revaluation).

Societe Generale/Rosbank are leaders in the Russian syndicated lending market with a 23.5% share (according to news agency Bloomberg). Major deals with largest clients during 2016 organized jointly with Societe Generale:

Uralkali loan agreement in the amount of USD 1.2 billion, acting as one of the coordinating authorized lead arrangers and bookrunners with 16 international banks;
PhosAgro's debut pre-export financing at total amount$250 million with a four-year maturity, acting as one of the coordinating authorized lead organizers and passport bank;
a pre-export loan to the EuroChem group in the amount of USD 800 million for a period of five years, as a member of a pool of international banks;
a club deal to finance the prepayment under an oil and petroleum product supply agreement for PJSOC Bashneft for a total amount of USD 500 million for 5 years, acting as the initial authorized lead arranger, bookrunner, coordinating bank and documentation bank;
a syndicated pre-export loan for one of the leading copper producers in Russia, CJSC Russian Copper Company (RMC), as an authorized lead arranger. The loan was provided for a total amount of $300 million for a period of 5 years.

Rosbank is actively expanding its trade finance business. Thus, according to the results of 2016, Rosbank occupies the 7th position in the market in terms of the volume of the trade finance portfolio, showing an increase of 25% compared to the previous year.

Development continues investment services. In 2016, Rosbank placed 23 market issues of 16 issuers for a total of RUB 88.4 billion, ranking fifth in the Cbonds rating of leading arrangers of market placements of Russian bonds. The share of Rosbank in market issues amounted to 7.95%. The bank also ranks fifth among corporate issuers with a market share of 5.73% and third among mortgage bond issuers with a market share of 14.55%.

Rosbank Factoring occupies a prominent position in the factoring services market. Based on the results of 2016, the company was ranked 8th in the overall rating published by the Association Factoring Companies Russia, continues to increase its customer portfolio (+56% compared to 2015) and the turnover of assigned accounts receivable(+42% compared to 2015).

Rosbank Leasing shows high dynamics - the portfolio of transactions increased by 13% in 2016. Rosbank Leasing became a laureate of the annual award "Financial Elite of Russia - 2016" in the nomination "Dynamics of Development", subgroup "Leasing".

Loan portfolio

Banks of the Group aim to cooperate with the most reliable borrowers, carefully assess the solvency of customers in new economic conditions and give priority to the quality of the loan portfolio.

Guided by these principles, during 2015 and the first half of 2016 the Group pursued a policy of significantly more cautious resumption of retail lending than the market as a whole. It was only in the second half of 2016 that retail lending gained momentum, as a result of which the group's retail loan portfolio decreased by 8% since the beginning of 2016 (excluding currency revaluation).

At the same time, the corporate loan portfolio continued to grow, having increased by 2% since the beginning of 2016 (excluding currency revaluation) against the backdrop of negative market dynamics during the year (-3.6%). At the same time, it is necessary to note the change in the structure of the corporate loan portfolio by currency over the past 12 months: the share of loans in foreign currency; while the share of corporate loans in rubles increased by 17%. Such changes had a positive impact on the Group's interest margin.

As a result of such mutual dynamics of the retail and corporate portfolios, and despite the dynamic growth in disbursements, the Group's total loan portfolio for 2016 decreased by 4% (excluding currency revaluation).

Deposits and current accounts

During 2016, the Group's customer liability portfolio decreased by 4% (excluding currency revaluation). The driver of the decline was the funds of legal entities, the volume of which was systematically reduced in 2016 by 15% (excluding currency revaluation), compared to the market (-4%). On the one hand, the dynamics is explained by the need to bring the volume of liabilities in line with the dynamics of the loan portfolio, on the other hand, to replace them with cheaper funds from individuals.

The volume of retail funds increased in 2016 by 13% (excluding currency revaluation), which exceeds the figures banking system(+9.2%). Especially noteworthy is the 50% increase in demand funds of individuals (excluding currency revaluation). The market share in this segment increased from 1% to 1.43% during the year, which is fully in line with the Group's goal of developing a transactional business.

Financial results

The Group's net interest income in 2016 amounted to RUB 38.9 billion, up 4% year-on-year. The positive dynamics is mainly due to the improvement in the interest margin as a result of the reduction in the cost of financing due to consistent measures to optimize the balance sheet structure.

Pure fee and commission income in 2016 amounted to 8 billion rubles, an increase of 7% compared to 2015. On the one hand, the dynamics of commissions is due to the activation of retail lending and, as a result, the growth of commissions from insurance companies (commission income of the retail business grew by 29%). On the other hand, corporate business fee and commission income grew due to the development of cash settlement services (+16%) and trade finance (+23%).

The Group's operating expenses in 2016 amounted to 32.9 billion rubles, remaining at the level of 2015, despite inflation, which amounted to 5.4% in 2016. The containment of growth became possible as a result of cost optimization measures taken by Rosbank: further reorganization of the retail network, as well as staff cuts by 8.7% compared to 2015.

Allocations to reserves in 2016 amounted to RUB 12.7 billion, down 42% year-on-year. The effect of reducing provisions was achieved mainly due to the restoration of the quality of the retail portfolio, as well as the improvement of debt collection processes. The quality of the corporate portfolio remains at high level. At the same time, these results include expenses incurred to refinance the foreign currency mortgage portfolio. Based on the results of the work done, we do not expect any further material negative impact of this activity on the results of the Group.

« banking group Societe Generale in Russia continues to improve its performance in all areas of business. During 2016, we increased our market share in both retail and corporate business. The increase in operating efficiency was made possible by the improvement of all business processes of the Group, along with the formation of a corporate culture aimed at change. For example, Rosbank is implementing lean management to increase staff involvement in improving internal banking processes, as well as an agile approach to change management. A new loan pipeline for retail loans was also deployed, a CRM platform was launched to increase automation banking, the centralization of the support functionality was carried out in two cities— Nizhny Novgorod and Krasnoyarsk. Thanks to the efforts of the team in 2016, the Group became more resilient to external influences, and also better prepared for further sustainable and efficient business growth in the future,” Dmitry Olyunin, Chairman of the Board of Rosbank, summed up.

Rosbank and its subsidiaries maintain strong positions in terms of liquidity and capital adequacy ratios, which significantly exceed the mandatory ratios set by the regulator. International rating agencies Fitch Ratings and Moody's Investors Service affirmed the ratings of Rosbank, Rusfinance Bank and DeltaCredit in 2016 at the country's sovereign rating level.

* Rosbank, DeltaCredit, Rusfinance Bank and their subsidiaries

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Select a report:

Under the reliability of the bank, we mean a set of factors under which the bank is able to fulfill its obligations, have an adequate margin of safety in crisis situations, and not violate the standards and laws established by the Bank of Russia.

It should be borne in mind that only on the basis of reporting it is impossible to accurately determine the degree of reliability of the bank, so the study below is indicative.

Bank stability is the ability to withstand any external influences. Dynamics over a certain period may show stability (either improvement or deterioration) of various indicators, which may also indicate the stability of the bank.

public Joint-Stock Company ROSBANK is largest Russian bank and ranks 11th among them in terms of net assets.

On reporting date(October 01, 2019) the net assets of ROSBANK amounted to 1223.12 billion rubles In a year assets increased by 20.60%. Growth of net assets slightly affected the return on assets ROI: over the year, the net return on assets fell from 1.47% to 1.46% .

In terms of services rendered, the bank mainly attracts client money, and these funds are sufficient diversified(between legal entities and individuals), and invests funds are mainly loans.

ROSBANK - subsidiary foreign bank.

ROSBANK - is on the pawn list , and the Bank of Russia accepts as collateral the bonds of the credit institution in question; has the right to work with the Pension Fund of the Russian Federation and can raise funds for trust management, into deposits and savings for housing military personnel; has the right to work with non-state pension funds implementing the mandatory pension insurance , and can attract pension savings and savings for housing for military personnel; has the right to open accounts and deposits in accordance with the law 213-FZ of July 21, 2014. , i.e. organizations of strategic importance for the military-industrial complex and security of the Russian Federation; V credit organization appointed authorized representatives of the Bank of Russia.

Liquidity and reliability

The bank's liquid assets are those bank funds that can be quickly turned into cash in order to return them to depositor customers. To assess liquidity, consider a period of approximately 30 days, during which the bank will be able (or not able) to fulfill part of its financial obligations (because no bank can repay all obligations within 30 days). This "part" is called the "proposed outflow". Liquidity can be considered an important component of the concept of bank reliability.

Brief Structure high liquid assets present in the form of a table:

Name of indicator	October 01, 2018, thousand rubles		October 01, 2019, thousand rubles
cash on hand	10 826 785	(6.65%)	10 179 077	(4.07%)
funds on accounts with the Bank of Russia	26 477 386	(16.27%)	33 658 284	(13.44%)
NOSTRO correspondent accounts in banks (net)	5 331 597	(3.28%)	51 844 134	(20.71%)
interbank loans placed for up to 30 days	71 935 197	(44.21%)	147 705 598	(59.00%)
highly liquid securities of the Russian Federation	46 586 541	(28.63%)	6 274 565	(2.51%)
highly liquid securities of banks and states	1 848 611	(1.14%)	802 765	(0.32%)
highly liquid assets, taking into account discounts and adjustments (based on Ordinance No. 3269-U dated May 31, 2014)	162 728 825	(100.00%)	250 344 011	(100.00%)

From the table of liquid assets, we see that the amounts of cash on hand have changed slightly, the amounts of funds on accounts with the Bank of Russia have increased, the amounts of NOSTRO correspondent accounts in banks (net), interbank loans placed for up to 30 days have greatly increased, the amounts of highly liquid securities have greatly decreased. securities of the Russian Federation, highly liquid securities of banks and governments, while the volume of highly liquid assets, taking into account discounts and adjustments (based on Directive No. 3269-U dated May 31, 2014), increased over the year from 162.73 to 250.34 billion rubles

Structure current liabilities is shown in the following table:

Name of indicator	October 01, 2018, thousand rubles		October 01, 2019, thousand rubles
deposits of individuals with a term of more than a year	77 523 550	(11.71%)	88 414 695	(11.70%)
other deposits of individuals (including individual entrepreneurs) (up to 1 year)	192 436 080	(29.07%)	242 620 417	(32.12%)
deposits and other funds of legal entities (up to 1 year)	329 184 895	(49.73%)	356 891 843	(47.24%)
including current funds legal entities (without IP)	160 014 168	(24.17%)	194 955 667	(25.81%)
correspondent accounts of LORO banks	23 277 787	(3.52%)	37 994 908	(5.03%)
interbank loans received for up to 30 days	23 306 385	(3.52%)	8 629 640	(1.14%)
own securities		(0.00%)		(0.00%)
obligations to pay interest, arrears, accounts payable and other debts	16 228 393	(2.45%)	20 883 426	(2.76%)
expected churn Money	217 606 584	(32.87%)	238 947 763	(31.63%)
current liabilities	661 957 365	(100.00%)	755 435 204	(100.00%)

During the period under review, what happened to the resource base was that the amounts of deposits of individuals with a period of more than a year, deposits and other funds of legal entities (for a period of up to 1 year), own securities slightly changed, the amounts of other deposits of individuals increased (in tons .h. IP) (up to 1 year), incl. current funds of legal entities (excluding individual entrepreneurs), interest payment obligations, delinquencies, accounts payable and other debts, the amounts of correspondent accounts of LORO banks have greatly increased, the amounts of interbank loans received for up to 30 days have significantly decreased, while the expected outflow of funds has increased over year from 217.61 to 238.95 billion rubles

At the moment under consideration, the ratio of highly liquid assets (funds that are easily available to the bank over the next month) and the estimated outflow of current liabilities gives us the value 104.77% what says good margin of safety to overcome a possible outflow of funds from bank customers.

In correlation with this, the standards of instant (H2) and current (H3) liquidity are important for consideration, minimum values which are set at 15% and 50%, respectively. Here we see that the H2 and H3 standards are now at sufficient level.

Now let's track the dynamics of change liquidity indicators during a year:

According to the median method (discarding sharp peaks): the sum of the norm of instant liquidity H2 during of the year tends to significant growth, but for the last half a year tends to increase, the amount of the standard current liquidity H3 during year and last semester tends to significant growth, and the expert reliability of the bank during year and last semester tends to increase.

Other coefficients for assessing the liquidity of PJSC ROSBANK can be seen at this link.

Structure and dynamics of the balance sheet

The volume of assets generating income for the bank is 87.48% in total assets, and the volume of interest-bearing liabilities is 82.93% in total liabilities. The volume of earning assets is approximately in line with the average for the largest Russian banks (87%).

Structure earning assets at the moment and a year ago:

Name of indicator	October 01, 2018, thousand rubles		October 01, 2019, thousand rubles
Interbank loans	246 327 325	(26.91%)	275 240 378	(25.72%)
Corporate loans	301 606 277	(32.95%)	290 436 588	(27.14%)
Loans to individuals	141 990 618	(15.51%)	334 767 673	(31.29%)
Bills		(0.00%)		(0.00%)
Investments in leasing operations and acquired rights of claim	981 895	(0.11%)	16 799 090	(1.57%)
Investments in securities	192 988 716	(21.08%)	120 009 026	(11.22%)
Other income-generating loans	2 380 626	(0.26%)	2 609 412	(0.24%)
Income assets	915 444 281	(100.00%)	1 069 952 229	(100.00%)

We see that the amounts of Interbank loans, Loans to legal entities, Promissory notes have changed slightly, the amounts of Loans to individuals, Investments in leasing operations and acquired rights of claim have greatly increased, the amounts of Investments in securities have greatly decreased, and the total amount of earning assets increased by 16.9% from 915.44 to 1069.95 billion rubles

Analytics by degree of security issued loans, as well as their structure:

Name of indicator	October 01, 2018, thousand rubles		October 01, 2019, thousand rubles
Securities accepted as collateral for issued loans	64 982 972	(9.37%)	394 639 299	(43.84%)
Property accepted as security	146 826 410	(21.18%)	221 187 223	(24.57%)
Precious metals accepted as collateral		(0.00%)		(0.00%)
Received guarantees and guarantees	801 816 688	(115.65%)	1 075 626 948	(119.49%)
Loan portfolio amount	693 286 741	(100.00%)	900 193 809	(100.00%)
- incl. corporate loans	278 063 902	(40.11%)	247 901 257	(27.54%)
- incl. physical loans persons	141 990 618	(20.48%)	334 767 673	(37.19%)
- incl. bank loans	246 327 325	(35.53%)	260 240 378	(28.91%)

An analysis of the table suggests that the bank is focusing on diversified lending, the form of security of which is property liens. The overall level of loan collateral is quite high and possible loan defaults are likely to be offset by the amount of collateral.

Brief structure interest liabilities(i.e. for which the bank usually pays interest to the client):

Name of indicator	October 01, 2018, thousand rubles		October 01, 2019, thousand rubles
Funds of banks (interbank credit and correspondent accounts)	92 097 966	(11.06%)	84 629 752	(8.34%)
Legal funds persons	367 339 219	(44.10%)	410 215 255	(40.44%)
- incl. current funds of legal entities. persons	166 439 430	(19.98%)	218 069 933	(21.50%)
Physical contributions. persons	263 534 368	(31.64%)	307 920 846	(30.36%)
Other interest-bearing liabilities	110 005 752	(13.21%)	211 519 936	(20.85%)
- incl. loans from the Bank of Russia	46 718	(0.01%)	19 435	(0.00%)
Interest liabilities	832 977 305	(100.00%)	1 014 285 789	(100.00%)

We see that the amounts of Funds of banks (Interbank credit and correspondent accounts), Funds of legal entities have changed slightly. individuals, deposits of individuals. persons, and the total amount of interest liabilities increased by 21.8% from 832.98 to 1014.29 billion rubles

The structure of assets and liabilities of PJSC ROSBANK can be considered in more detail.

Profitability

Profitability of sources own funds(calculated from balance sheet data) insignificantly over the year from 7.26% to 7.26%. At the same time, the return on equity ROE (calculated on forms 102 and 134) increased over the year from 11.10% to 11.98%(here and below, data are given in percent per annum for the nearest quarterly date).

Net interest margin decreased over the year from 3.52% to 3.07%. Profitability of lending operations decreased over the year from 10.48% to 9.82%. The cost of funds raised has changed little over the year from 4.72% to 4.69%. The cost of borrowed funds from banks increased over the year from 5.16% to 5.37%. The cost of household funds (individuals) decreased over the year With

During 2016, the banking group Societe Generale in Russia* (hereinafter referred to as the Group) significantly improved its financial results, earning a net profit of RUB 3.1 billion. compared to a loss of 9.2 billion rubles. in 2015. Already in the second half of 2016, the results of the Group moved into the positive zone and in the 4th quarter alone amounted to 2.8 billion rubles.

Key achievements in the retail business

The volume of the Group's retail loans in 2016 increased by 35% compared to 2015, although it still remains below the level of 2014 (-22%). As a result, the Group continues to maintain its leading position in the retail lending market, increasing its market share in lending from 3.4% to 3.6%, while in the consumer lending segment, the market share increased from 2.2% to 2.6%.

At the same time, the Group maintains its leadership in mortgage and car loans thanks to the strong performance of specialized subsidiary banks DeltaCredit and Rusfinance Bank.

DeltaCredit is in the top 5 in terms of mortgage lending (according to the analytical center Rusipoteka) with a market share of 3.1%. The total volume of mortgage loans issued in 2016 is 44% higher than in 2015, while the quality of the ruble mortgage portfolio is much higher than the market average. As of December 31, 2016, the 90+ delinquency in the ruble mortgage portfolio of DeltaCredit is 1.21%, compared to the market rate of 2.65%.

Rusfinance Bank consistently ranks among the TOP-3 banks in the car lending market with a 13.5% share. The total volume of car loans issued in 2016 is 28% higher than in 2015. The Bank continues to participate in the state program of preferential car loans, within which it ranks second in terms of loans (according to the Ministry of Industry and Trade).

In 2016, Rosbank continued to successfully increase its client base: the number of new clients attracted in 2016 was 33% higher than in 2015, and the portfolio of active clients grew by 1%. This was made possible thanks to innovations in the field of daily banking, as well as effective synergies with corporate business. Thus, in the 4th quarter of 2016, Rosbank, together with the international payment system Mastercard and O'KEY Group launched a debit card "ROSBANK O'KEY Mastercard". The Rosbank Visa Platinum Supercard+ card is recognized as the most attractive for customers with an income above the average - about 130 thousand rubles per month, according to RBC.

Key achievements in corporate business

Societe Generale/Rosbank are leaders in the Russian syndicated lending market with a 23.5% share (according to Bloomberg news agency). Major transactions with major clients during 2016, organized jointly with Societe Generale:

Uralkali loan agreement in the amount of USD 1.2 billion, acting as one of the coordinating authorized lead arrangers and bookrunners with 16 international banks;
PhosAgro's debut pre-export financing totaling $250 million with a four-year maturity, acting as one of the coordinating authorized lead arrangers and a passport bank;
a pre-export loan to the EuroChem group in the amount of USD 800 million for a period of five years, as a member of a pool of international banks;
a club deal to finance the prepayment under an oil and petroleum product supply agreement for PJSOC Bashneft for a total amount of USD 500 million for 5 years, acting as the initial authorized lead arranger, bookrunner, coordinating bank and documentation bank;
a syndicated pre-export loan for one of the leading copper producers in Russia, CJSC Russian Copper Company (RMC), as an authorized lead arranger. The loan was provided for a total amount of $300 million for a period of 5 years.

The development of investment services continues. In 2016, Rosbank placed 23 market issues of 16 issuers for a total of RUB 88.4 billion, ranking fifth in the Cbonds rating of leading arrangers of market placements of Russian bonds. The share of Rosbank in market issues amounted to 7.95%. The bank also ranks fifth among corporate issuers with a market share of 5.73% and third among mortgage bond issuers with a market share of 14.55%.

Rosbank Factoring occupies a prominent position in the factoring services market. According to the results of 2016, the company ranked 8th in the overall rating published by the Association of Factoring Companies of Russia, continues to grow its client portfolio (+56% compared to 2015) and the turnover of assigned receivables (+42% compared to 2015) .

Loan portfolio

The Group's banks aim to cooperate with the most reliable borrowers, carefully assess the solvency of customers in the new economic conditions and give priority to the quality of the loan portfolio.

At the same time, the corporate loan portfolio continued to grow, having increased by 2% since the beginning of 2016 (excluding currency revaluation) against the backdrop of negative market dynamics during the year (-3.6%). At the same time, it is necessary to note the change in the structure of the corporate loan portfolio by currencies in the last 12 months: the share of loans in foreign currency decreased by 15%; while the share of corporate loans in rubles increased by 17%. Such changes had a positive impact on the Group's interest margin.

Deposits and current accounts

The volume of retail funds increased in 2016 by 13% (excluding currency revaluation), which exceeds the indicators of the banking system (+9.2%). Especially noteworthy is the 50% increase in demand funds of individuals (excluding currency revaluation). The market share in this segment increased from 1% to 1.43% during the year, which is fully in line with the Group's goal of developing a transactional business.

Financial results

Net fee and commission income in 2016 amounted to RUB 8 billion, up 7% compared to 2015. On the one hand, the dynamics of commissions is due to the activation of retail lending and, as a result, the growth of commissions from insurance companies (commission income of the retail business grew by 29%). On the other hand, corporate business fee and commission income grew due to the development of cash settlement services (+16%) and trade finance (+23%).

Allocations to reserves in 2016 amounted to RUB 12.7 billion, down 42% year-on-year. The effect of reducing provisions was achieved mainly due to the restoration of the quality of the retail portfolio, as well as the improvement of debt collection processes. The quality of the corporate portfolio remains at a high level. At the same time, these results include expenses incurred to refinance the foreign currency mortgage portfolio. Based on the results of the work done, we do not expect any further material negative impact of this activity on the results of the Group.

“The banking group Societe Generale in Russia continues to improve its performance in all areas of business. During 2016, we increased our market share in both retail and corporate business. The increase in operating efficiency was made possible by the improvement of all business processes of the Group, along with the formation of a corporate culture aimed at change. For example, Rosbank is implementing lean management to increase staff involvement in improving internal banking processes, as well as an agile approach to change management. A new credit pipeline for retail loans was also deployed, a CRM platform was launched to increase the automation of banking activities, and support functionality was centralized in two cities - Nizhny Novgorod and Krasnoyarsk. Thanks to the efforts of the team in 2016, the Group became more resilient to external influences, and also better prepared for further sustainable and efficient business growth in the future » Dmitry Olyunin, Chairman of the Management Board, Rosbank

Rosbank and its subsidiaries maintain strong positions in terms of liquidity and capital adequacy ratios, which significantly exceed the mandatory ratios set by the regulator. The international rating agencies Fitch Ratings and Moody's Investors Service confirmed the ratings of Rosbank, Rusfinance Bank and DeltaCredit in 2016 at the level of the country's sovereign rating.

* Rosbank, DeltaCredit, Rusfinance Bank and their subsidiaries