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Sovcombank

Sovcombank's npls (as % of loans) fell 24.3% yoy to 1.92% in 1Q2019

By Helgi Library - August 20, 2019

Sovcombank's non-performing loans reached 1.92% of total loans at the end of 2019-03-31, down from 2.53% compared to the previous...

Sovcombank's net profit rose 13.0% yoy to RUB 5.68 bil in 1Q2019

By Helgi Library - August 20, 2019

Sovcombank made a net profit of RUB 5.68 bil under revenues of RUB 20.0 bil in the first quarter of 2019, up 13% and 48.3% ...

Sovcombank's net interest margin rose 7.32% yoy to 5.79% in 1Q2019

By Helgi Library - August 20, 2019

Sovcombank's net interest margin amounted to 5.79% in the first quarter of 2019, down from 6.16% when compared to the previous q...

Annual Quarterly LTM
Profit Statement Sep 2018 Dec 2018 Mar 2019
Net Interest Income RUB bil 13.2 14.1 13.9
Net Fee Income RUB bil 5.30 5.41 5.31
Other Income RUB bil 1.49 0.993 0.746
Total Revenues RUB bil 20.0 20.5 20.0
Staff Cost RUB bil 5.12 5.37 5.76
Operating Profit RUB bil 10.9 9.71 10.3
Provisions RUB bil 2.15 2.21 1.04
Net Profit RUB bil 4.75 1.90 5.68
Balance Sheet Sep 2018 Dec 2018 Mar 2019
Interbank Loans RUB bil 37.8 48.5 37.2
Customer Loans RUB bil 508 541 543
Total Assets RUB bil 863 967 952
Shareholders' Equity RUB bil 113 114 123
Interbank Borrowing RUB bil 136 191 126
Customer Deposits RUB bil 548 599 647
Issued Debt Securities RUB bil 33.4 30.9 27.9
Ratios Sep 2018 Dec 2018 Mar 2019
ROE % 17.4 6.68 19.2
ROA % 2.17 0.829 2.36
Costs (As % Of Assets) % 4.13 4.72 4.02
Costs (As % Of Income) % 45.3 52.6 48.3
Capital Adequacy Ratio % 14.0 13.8 15.2
Net Interest Margin % 6.02 6.16 5.79
Loans (As % Of Deposits) % 92.6 90.4 83.9
NPLs (As % Of Loans) % 1.88 1.79 1.92
Provisions (As % Of NPLs) % 168 169 160
Growth Rates Sep 2018 Dec 2018 Mar 2019
Total Revenue Growth % 31.5 20.2 48.3
Operating Cost Growth % 57.7 44.5 40.7
Operating Profit Growth % 15.5 1.23 56.2
Net Profit Growth % -40.5 -76.4 13.0
Customer Loan Growth % 105 103 108
Total Asset Growth % 41.0 40.3 43.7
Customer Deposit Growth % 62.4 66.9 61.2
Shareholders' Equity Growth % 48.7 33.5 37.8

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summary Unit Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
income statement                  
Net Interest Income RUB bil     8.89 8.74 9.12 13.3 13.2    
Total Revenues RUB bil     15.2 17.1 13.5 22.6 20.0    
Operating Profit RUB bil     9.45 9.59 6.60 13.7 10.9    
Net Profit RUB bil     7.98 8.05 5.02 5.68 4.75    
balance sheet                  
Interbank Loans RUB bil     5.49 9.34 6.81 8.30 37.8    
Customer Loans RUB bil     247 266 261 362 508    
Debt Securities RUB bil     313 354 318 405 218    
Total Assets RUB bil     612 689 663 889 863    
Shareholders' Equity RUB bil     76.1 85.4 88.9 105 113    
Interbank Borrowing RUB bil     152 194 108 138 136    
Customer Deposits RUB bil     337 359 402 579 548    
Issued Debt Securities RUB bil     26.2 22.2 36.0 32.7 33.4    
ratios                  
ROE %     44.1 39.9 23.0 23.4 17.4    
ROA %     5.24 4.95 2.97 2.93 2.17    
Costs (As % Of Assets) %     3.76 4.59 4.06 4.57 4.13    
Costs (As % Of Income) %     37.7 43.8 50.9 39.3 45.3    
Capital Adequacy Ratio %     17.3 16.5 19.5 14.7 14.0    
Net Interest Margin %     5.84 5.37 5.39 6.84 6.02    
Interest Income (As % Of Revenues) %     58.6 51.2 67.8 58.8 66.0    
Fee Income (As % Of Revenues) %     31.4 33.6 28.6 24.1 26.5    
Staff Cost (As % Of Total Cost) %     56.3 57.7 56.2 58.8 56.6    
Equity (As % Of Assets) %     12.4 12.4 13.4 11.8 13.1    
Loans (As % Of Deposits) %     73.3 74.2 65.0 62.4 92.6    
Loans (As % Assets) %     40.4 38.6 39.4 40.7 58.8    
NPLs (As % Of Loans) %     2.25 2.25 2.53 2.14 1.88    
Provisions (As % Of NPLs) %     140 146 233 200 168    
valuation                  
Book Value Per Share Growth % ... ... ... ... 15.6 52.2 48.1    
income statement Unit Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
income statement                  
Interest Income RUB bil     17.7 17.5 17.8 23.3 22.7    
Interest Cost RUB bil     8.82 8.72 8.67 10.1 9.57    
Net Interest Income RUB bil     8.89 8.74 9.12 13.3 13.2    
Net Fee Income RUB bil     4.77 5.73 3.85 5.44 5.30    
Other Income RUB bil     1.52 2.59 0.490 3.86 1.49    
Total Revenues RUB bil     15.2 17.1 13.5 22.6 20.0    
Staff Cost RUB bil     3.22 4.31 3.85 5.21 5.12    
Depreciation RUB bil     0.144 0.292 0.247 0.289 0.489    
Other Cost RUB bil     2.36 2.87 2.76 3.36 3.43    
Operating Cost RUB bil     5.73 7.47 6.86 8.87 9.04    
Operating Profit RUB bil     9.45 9.59 6.60 13.7 10.9    
Provisions RUB bil     1.16 1.84 1.33 3.11 2.15    
Extra and Other Cost RUB bil     -0.983 -2.34 -1.03 4.75 2.70    
Pre-Tax Profit RUB bil     9.28 10.1 6.31 5.85 6.07    
Tax RUB bil     1.56 2.05 1.21 0.324 1.22    
Minorities RUB bil     -0.261 0 0.082 -0.156 0.099    
Net Profit RUB bil     7.98 8.05 5.02 5.68 4.75    
growth rates                  
Net Interest Income Growth % ... ... ... ... 15.6 52.2 48.1    
Net Fee Income Growth % ... ... ... ... 9.47 34.8 11.0    
Total Revenue Growth % ... ... ... ... 5.45 75.4 31.5    
Operating Cost Growth % ... ... ... ... 37.8 45.0 57.7    
Operating Profit Growth % ... ... ... ... -15.2 103 15.5    
Pre-Tax Profit Growth % ... ... ... ... -39.2 -15.3 -34.6    
Net Profit Growth % ... ... ... ... -38.7 6.03 -40.5    
balance sheet Unit Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
balance sheet                  
Cash RUB bil     35.5 42.9 53.4 94.4 76.4    
Interbank Loans RUB bil     5.49 9.34 6.81 8.30 37.8    
Customer Loans RUB bil     247 266 261 362 508    
Debt Securities RUB bil     313 354 318 405 218    
Fixed Assets RUB bil     5.27 4.94 5.71 8.92 11.1    
Total Assets RUB bil     612 689 663 889 863    
Shareholders' Equity RUB bil     76.1 85.4 88.9 105 113    
Of Which Minority Interest RUB bil     0 1.62 1.70 7.18 1.95    
Liabilities RUB bil     536 604 574 784 750    
Interbank Borrowing RUB bil     152 194 108 138 136    
Customer Deposits RUB bil     337 359 402 579 548    
Issued Debt Securities RUB bil     26.2 22.2 36.0 32.7 33.4    
Other Liabilities RUB bil     20.2 28.9 28.5 34.4 32.6    
asset quality                  
Non-Performing Loans RUB bil     5.74 6.18 7.03 8.09 9.85    
Gross Loans RUB bil     255 275 278 378 524    
Total Provisions RUB bil     8.03 9.03 16.4 16.2 16.5    
growth rates                  
Customer Loan Growth % ... ... ... ... 15.9 53.3 105    
Total Asset Growth % ... ... ... ... 17.5 46.4 41.0    
Shareholders' Equity Growth % ... ... ... ... 40.1 52.5 48.7    
Customer Deposit Growth % ... ... ... ... 37.9 89.5 62.4    
ratios Unit Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
ratios                  
ROE %     44.1 39.9 23.0 23.4 17.4    
ROA %     5.24 4.95 2.97 2.93 2.17    
Costs (As % Of Assets) %     3.76 4.59 4.06 4.57 4.13    
Costs (As % Of Income) %     37.7 43.8 50.9 39.3 45.3    
Capital Adequacy Ratio %     17.3 16.5 19.5 14.7 14.0    
Tier 1 Ratio %     14.5 14.2 14.4 12.5 12.2    
Net Interest Margin %     5.84 5.37 5.39 6.84 6.02    
Interest Spread % ...   5.06 4.61 4.63 6.10 5.40    
Asset Yield %     11.6 10.7 10.5 12.0 10.4    
Cost Of Liabilities % ...   6.56 6.12 5.89 5.93 4.99    
Payout Ratio %     0 0 0 0 0    
Interest Income (As % Of Revenues) %     58.6 51.2 67.8 58.8 66.0    
Fee Income (As % Of Revenues) %     31.4 33.6 28.6 24.1 26.5    
Other Income (As % Of Revenues) %     9.99 15.2 3.64 17.1 7.44    
Staff Cost (As % Of Total Cost) %     56.3 57.7 56.2 58.8 56.6    
Equity (As % Of Assets) %     12.4 12.4 13.4 11.8 13.1    
Loans (As % Of Deposits) %     73.3 74.2 65.0 62.4 92.6    
Loans (As % Assets) %     40.4 38.6 39.4 40.7 58.8    
NPLs (As % Of Loans) %     2.25 2.25 2.53 2.14 1.88    
Provisions (As % Of NPLs) %     140 146 233 200 168    
Provisions (As % Of Loans) %     3.25 3.39 6.27 4.47 3.25    
Cost of Provisions (As % Of Loans) %     1.91 2.86 2.01 4.00 1.98    

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Sovcombank's capital adequacy ratio fell 22.2% yoy to 15.2% in 1Q2019

By Helgi Library - August 20, 2019

Sovcombank's capital adequacy ratio reached 15.2% at the end of first quarter of 2019, up from 13.8% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 19.5% in 1Q2018 and an all time low of 13.8% in 4Q2018. ...

Sovcombank's net interest income rose 52.4% yoy to RUB 13.9 bil in 1Q2019

By Helgi Library - August 20, 2019

Sovcombank generated total banking revenues of RUB 20.0 bil in the first quarter of 2019, up 48.3% when compared to the same period of last year and down 2.7% when compared to the previous quarter. Historically, the bank’s revenues containing of i...

Sovcombank's Cost of Risk fell 45.5% yoy to 0.436% in 1Q2019

By Helgi Library - August 23, 2019

Sovcombank's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.436% in the first quarter of 2019, down from 0.913% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 1.40% in 2Q2018 a...

Sovcombank's equity (as % of assets) fell 4.12% yoy to 12.9% in 1Q2019

By Helgi Library - October 7, 2019

Sovcombank's Equity reached 5.14% of total assets in the 1Q2019, up from 4.97% for the previous year. As a share of net customer loans, the ratio amounted to 7.96% at the end of the first quarter of 2019. ...

Sovcombank's customer loan growth rose 577% yoy to 108% in 1Q2019

By Helgi Library - August 20, 2019

Sovcombank's customer loan growth reached 108% in 2019-03-31, up from 15.9% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 108% in 2019-03-31 and an all time low of 15.9% in 2018-03-31. In the last decade,...

Sovcombank's net interest margin rose 9.86% to 6.00% in 2018

By Helgi Library - August 20, 2019

Sovcombank's net interest margin amounted to 6.00% in 2018, up from 5.46% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 15.8% in 2008 and an all time low of 5.46% in 2017. The average margin in t...

Sovcombank's net profit fell 41.0% to RUB 17.4 bil in 2018

By Helgi Library - August 20, 2019

Sovcombank made a net profit of RUB 17.4 bil under revenues of RUB 75.8 bil in 2018, up -41.0% and 31.0% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 33.6 bil in 2016 and an all time low of RUB -0.732...

Sovcombank's net interest income rose 45.1% to RUB 49.7 bil in 2018

By Helgi Library - August 20, 2019

Sovcombank generated total banking revenues of RUB 75.8 bil in 2018, up 31% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RUB 75.8 bil in 2018 and an all ti...

Sovcombank's npls (as % of loans) fell 20.2% to 1.79% in 2018

By Helgi Library - August 20, 2019

Sovcombank's non-performing loans reached 1.79% of total loans at the end of 2018, down from 2.25% compared to the previous year. Historically, the NPL ratio hit an all time high of 15.2% in 2009 and an all time low of 0.338% in 2010. Provision coverage amo...

Sovcombank's capital adequacy ratio fell 16.4% to 13.8% in 2018

By Helgi Library - August 20, 2019

Sovcombank's capital adequacy ratio reached 13.8% at the end of 2018, down from 16.5% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 16.5% in 2017 and an all time low of 11.4% in 2015. The Tier 1 ratio amounted t...

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Finance

Sovcombank has been growing its revenues and asset by % and % a year on average in the last 3 years. Its loans and deposits have grown by % and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of % in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached in 2018, compared to % average in the last three years.

Equity represented of total assets or of loans at the end of 2018. Sovcombank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.

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