Cbonds Page: Rusfinance Bank (TIN 5012003647, OGRN 1026300001991)

company Rusfinance Bank
full company name Limited liability company "Rusfinance Bank"
type of legal entity Limited liability company
country of risk Russia
country of registration Russia
industry Banks
phone +7 (495) 926-70-07
fax (495) 789-69-21
e-mail rusfinance@rusfinancebank.ru
web http://www.rusfinancebank.ru/

Company details

  • TIN
    5012003647
  • KPP (for Russia)
    631501001
  • OGRN (for Russia)
    1026300001991
  • OKPO (for Russia)
    11707493
  • OGRN date (for Russia)
    08/28/2002
  • pre-LEI / LEI
    549300LCJJGCU17UZ036
  • BIC
    043602975
  • Banking License Number
    1792

Profile

Rusfinance Bank is one of Russia’s top players on consumer finance market that offers the full spectrum of services in its segment:

•         Car finance

•         POS finance

•         Revolving cards

•         Cash loans

 

Rusfinance Bank is presented in 68 regions (in which 134 credit-cash offices and 2 additional offices) and more than 1300 locations all over Russia – from Kaliningrad to Vladivostok. The bank operates a developed partner network - more than 26 000 active points of sale (retail chains and car dealers) in 2016.

 

Rusfinance Bank is assigned one of the highest credit ratings among its peers:

•         FitchRatings: BBB-/Stable

•         S&P Rating: BB+/Negative

•         Moody’s Investors Service: Ba2 for Long Term Bank Deposits (Foreign) / Ba1 for Long Term Bank Deposits (Domestic)/Stable

The sole participant of Rusfinance Bank is "Rosbank" (OJSC JSCB). Rusfinance Bank is a member of Rosbank Group whose shareholder Societe Generale group is one of the largest financial groups in the euro area.

Rusfinance Bank is closely integrated into Rosbank Group that benefits its funding and liquidity profiles. Rosbank Group provides Rusfinance with strong capitalization. The capital adequacy ratio amounts to 16.1% (Н1.0), 14.4% (Н1.1) and 14.4% (Н1.2) according to the Bank of Russia methodology and to the principles of "Basel III" committee as of 31.12.2016.

Rusfinance Bank is the third largest bank in Car finance in 2016 being behind the state-owned Setelem and VTB24. However, if combined, the auto credit portfolio of Rusfinance Bank and Rosbank makes these SG Russia subs #1 in car finance in Russia advancing Sberbank and VTB 24 (source: Frank Research Group, 12M2016). Car loans (loans secured by a pledge of cars) account for 75% of its Retail Portfolio which renders it more reliable from the standpoint of Credit risk management.

Rusfinance Bank is a Top 5 bank in POS finance (source: Frank Research Group, 12M2016).

Financial performance

 

2011

2012

2013

2014

2015

2016

Assets

96 647

98 111

108 635

118 903

92 463

97 653

Equity

24 059

24 384

24 585

25 219

23 018

23 026

Loans (net of provision)

91 164

92 304

102 501

103 251

89 028

90 467

Provision

12 679

13 297

12 698

12 073

13 293

11 984

Net interest income before provisions

12 128

11 638

10 493

10 407

9 026

8 135

Operating expenses

6 022

6 121

5 408

5 840

5 326

5 763

Cost of risk

1 060

1 322

2 666

3 351

4 095

1 836

Net Profit

4 414

4 021

2 937

2 366

802

1 648

ROAA

4,9%

4,1%

2,8%

2,1%

0,8%

1,7%

ROAE

20,1%

16,6%

12,0%

9,5%

3,3%

7,2%

Cost/income

47,5%

48,6%

45,6%

47,8%

51,1%

59,5%

Net interest margin

14,0%

12,5%

10,6%

9,5%

8,9%

8,8%

NPL (90+)

12,5%

12,9%

11,6%

12,3%

15,0%

12,8%

Provisions of NPL (90+)

97,7%

97,8%

95,1%

85,1%

86,5%

91,1%

Capital Adequacy Ratio N1 (according to CBR)

21,7%

19,8%

16,7%

14,7%

15,7%

16,1%

Capital Adequacy Ratio (according to Basel Capital Accord)

25,0%

25,1%

23,1%

22,3%

24,6%

24,2%

Show full profile info

Сontacts

Anastasia
Radaeva
Deputy Head of Treasury
8(846) 276-44-11 *41014
8(846) 276-44-16
Alexey
Parfenov
Manager of Treasury
8(846) 276-44-11 *42237
8(846) 276-44-16

Favorite deals

Issuer yield curve

News and documents

Comments

Issuer credit rating

Rating AgencyRatingRating scaleDate
Moody's Investors Service***LT- foreign currency***
Moody's Investors Service***LT- local currency***
S&P Global Ratings***Foreign Currency LT***
S&P Global Ratings***Local Currency LT***
S&P Global Ratings***LT National Scale (Russia)***
Fitch Ratings***LT Int. Scale (foreign curr.)***
Fitch Ratings***National Scale (Russia)***
Fitch Ratings***LT Int. Scale (local curr.)***
Moody's Interfax Rating Agency***National Scale (Russia)***

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Outstanding bond issues amount

Сurrency Outstanding bond issues Cumulative volume
RUR 13 53 000 000 000

Debentures

Issue Volume, mln Status
Rusfinance Bank, BO-001P-02 4,000 RUR outstanding
Rusfinance Bank, BO-001P-01 4,000 RUR outstanding
Rusfinance Bank, BO-12 5,000 RUR outstanding
Rusfinance Bank, BO-04 3,000 RUR outstanding
Rusfinance Bank, BO-10 4,000 RUR outstanding
Rusfinance Bank, BO-09 4,000 RUR outstanding
Rusfinance Bank, BO-11 5,000 RUR outstanding
Rusfinance Bank, 14 4,000 RUR outstanding
Rusfinance Bank, 12 3,000 RUR outstanding
Rusfinance Bank, BO-08 4,000 RUR outstanding
Loans Volume, mln Status
ROSBANK, Б, 12.2012 230 USD Redeemed
ROSBANK, A, 12.2012 60 USD Redeemed
ROSBANK, 7.2008 270 USD Redeemed
ROSBANK, В, 3.2006 100 USD Redeemed
ROSBANK, А, 3.2006 50 EUR Redeemed
DeltaCredit Bank, В, 12.2005 30 USD Redeemed
DeltaCredit Bank, А, 12.2005 15 USD Redeemed

Main IFRS/US GAAP indicators

Index 1Q 2016 2Q 2016 3Q 2016 4Q 2016
6Total assets (K, RUR) *** *** *** ***
19Equity (K, RUR) *** *** *** ***
31Loan portfolio (K, RUR) *** *** *** ***
9Deposits (K, RUR) *** *** *** ***
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Calculated IFRS/US GAAP indicators

Index 1Q 2016 2Q 2016 3Q 2016 4Q 2016
71Assets, YoY (%) *** *** *** ***
72Equity, YoY (%) *** *** *** ***
73Operating expense ratio *** *** *** ***
74Loan-to-deposit ratio *** *** *** ***
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All IFRS indicators

year 1 qr 2 qr 3 qr 4 qr
2017 -
2016 - 2 qr - 4 qr
2015 - 2 qr - 4 qr

Consolidated IFRS reports

year Q1 H1 9M Y
2017
2016
1.46 Mнац
1.85 Mнац
2015
1.54 Mнац
2.2 Mнац
4.91 Meng

Issuer's quarterly reports

year Q1 H1 9M Y
2017
2016
1.95 Mнац
5.53 Mнац
4.41 Mнац
1.21 Mнац
2015
4.81 Mнац
4.43 Mнац
4.12 Mнац
3.65 Mнац

IFRS reports

year 1 qr 2 qr 3 qr 4 qr
2017
2016
1.92 Mнац
2015
2.2 Mнац
4.91 Meng

Annual reports

year national english
2016
2015
2014
1.31 Mнац
2013
1.38 Mнац
2012
0.64 Mнац
2011
1.41 Mнац
2010
1.51 Mнац
2009
6.31 Mнац
2008
0.94 Mнац
2007
3.12 Mнац