Page 69 - RusRPTMar19

8.0 Financial & capital markets
Russia -Selected performance 2012 2013 2014 2015 2016 2017 indicators of credit institutions
(LC bn)
As of Jun 2018
Assets
Assets (LC bn)
49,510 57,423 77,653 83,000 80,063 85,192 86,586
Loans to non-financial institutions
/ / 29,536 33,301 30,135 30,193 31,398
Loans to resident financial institutions (except credit institutions) (LC bn)
/ / 1,306 1,659 2,777 3,627 4,008
Loans to individuals (LC bn)
/ / 11,330 10,684 10,804 12,174 13,296
Capital and financial performance
Equity capital (LC bn)
6,113 7,064 7,928 9,009 9,387 9,397 9,512
Provision for losses (LC bn)
/ / / / / 6,916 7,348
Profit for the current year (LC bn)
/ / 589 192 930 790 634
CAR capital adequacy (%)
14 13 12 13 13 12 12
ROA (%)
//10111
ROE (%)
/ / 8 2 10 8 7
Liabilities
Individuals’ deposits (LC bn)
14,251 16,958 18,553 23,219 24,200 25,987 26,992
Deposits and funds in the accounts of nonfinancial organisations and financial institutions (excluding credit institutions) (LC bn)
/ / / / 24,843 25,504
Loans received from Bank of Russia (LC bn)
8.1 Bank sector overview
/ / 9,287 5,363 2,726 2,016 2,710
source: CBR
The CBR has published its FY18 banking sector statistics. Assets grew 10.4% y/y, supported by a 13.9% expansion of the loan portfolio. Profit increased 70% y/y to RUB 1.3tn, with an implied ROE of 15% vs. 9% in 2017, VTB Capital (VTBC) analyst Svetlana Aslanova said in a note.
The results will be welcomed by the government and sector alike after several years of pain. The banking sector made zero profits during the silent crisis of 2014-2016, whereas what profit was made, was made entirely by state-owned retail giant Sberbank. Since then the banking sector has returned to health, but in 2017 it had a near miss when the Central Bank of Russia (CBR) closed four of the country’s largest commercial banks and nearly sparked a systemic meltdown. Profits in September 2017 plunged by over RUB300bn ($4.5bn),
69 RUSSIA Country Report March 2019 www.intellinews.com