The most profitable banks

The magazine "Finance." Ranking prepared by the largest Russian banks by the criterion of return on assets in the I quarter of 2011 first-yes. It can be seen almost immediately, due to some sources, Russian banks rebuild their businesses after the crisis: to whom it is time to disband the reserves, and who ignore risk management and has a good appetite for risk. Leaders and giants. It should be mentioned that in the ranking included only banks that are included in the top 100 by assets. If our ranking has spread to banks outside the hundreds of major organizations, we could see that many relatively small banks profitability is often much higher than that of leading banks. For this phenomenon are many reasons for this: on the one hand, we can assume that small banks more "paper" profits, on the other - small banks is more difficult to borrow capital in financial markets, and therefore they are often higher share of equity in liabilities. However, the 100 largest banks in the country is a clear negative correlation between size and profitability are not observed. Sberbank is the ranking in 13th place, VTB - to 48-m site, VTB 24 - to 19-m site, Agricultural Bank - to 91-m site, Alpha Bank - at the 45th month, those. The fact that the RAB at the end of the list is obviously not due to his size, but with a specific non-market business model. As for the leaders of the ranking, among the banks, who took him in the first five places, three declare their activity in the market of lending to individuals. Thus, we can once again see the effectiveness of a well-known economic law: the fastest growing sectors that had recently fallen fastest, the most rapid growth - the recovery. As you know, the financial crisis first hit the lending programs of the population, and particularly on the mortgage. But recently experts VTB24 predicted that in 2011 mortgage market to grow by 20%. It is no coincidence specializing in natural persons VTB24 was higher in the ranking of its parent bank. Today, the most profitable bank in Russia - "Home Loan" - one of the leaders in unsecured consumer lending, it occupies the 2nd place after VTB24. Last year, HCF-Bank was granted unsecured loans to individuals of more than 88 billion rubles (VTB 24 - 124 bn-s). "Bank" Home loan "was to achieve a good level of profitability due to increase lending volumes, stable margins, effective risk management and cost control. The main generator of revenue growth was good and growing loan portfolio, "- said" F. "Deputy Chairman of the Board Dmitry Mosolov. Reserves back. The press service of OTP Bank "F." explained that the main driver of profit in the first quarter - interest income on retail loans (mainly POS-business and credit cards). In addition, played a role cheaper resources mobilized clients compared to last quarter, because there was a reduction of rates on time deposits. The same reason for the high profitability in Sovcombank, Chief Financial Officer Dmitry Savoschenko which said that it is an achievement of the primary activities - unsecured consumer lending. There is, however, and "history" with another story. In Absolut Bank, took 2nd place, they say that the main reason for higher profitability - the restoration of creditworthiness of borrowers who have difficulties during the crisis. "In times of economic crisis, a number of corporate clients have had difficulties in doing business and did not manage to fulfill the undertaken obligations of credit, - said Ravil Nigmatov, director of strategic services Absolut Bank. - It Absolut Bank uses a conservative methodology accrual of reserves for possible losses. Now, with the stabilization of the situation, many borrowers are returned to the normal schedule of loan repayment, part of the distressed debt is sold or restructured. Thus, in the first quarter we settled a number of such claims and dismissed a considerable amount of reserves, which became one of the drivers of profit. " "The picture of the leaders of the ranking is quite understandable, because in 2011, continues to be reducing payments to reserves for possible losses on loans and generally improving the quality of its loan portfolio. At present the top five banks traditionally active in lending "- sums up Stanislav Khalizov, head of business development of the financial group BKS. "The stakes are higher than natural persons crediting rates, which are credited entities - says Deputy Director General for investment analysis of IR" Zerich Capital Management, "Andrew Vernikov - There is one more reason" to the peak of the crisis the banks involved in lending to private individuals, have created large reserves because the forecast-downs of loans have been very tough. The reality was not so frightening, is that right now banks are actively dissolving reserves has a positive impact on their profitability. " Not worse than before. Of course, the question arises as to whether the leaders to keep their shares in the future and what happens at the profitability of the banking system during 2011. The leaders themselves do not predict lower levels of profitability, but its growth forecast is definitely not solved. Most representatives of leading banks say about the effectiveness of maintenance at current levels. Thus, in the bank "Home Credit" cautiously state that will remain "relatively high level of profitability." Ravil Nigmatov (Absolut Bank) also hopes to maintain profitability. "First, we expect that our efforts to work with borrowers to continue to bear fruit - explains the head of the strategic service of the bank. - Secondly, our bank has returned to active work as a retail and corporate market. We have updated our credit proposals and hope that by the year Absolut Bank will be able to show growth in core earnings. " "We expect continued high level of return on assets for the whole Sovcombank 2011", - noted Dmitry Savoschenko. More optimistic only in OTP Bank. They note that the positive dynamics of return on assets since the second half of 2010, and it probably will grow steadily to the end of 2011. All the best. It is likely that those who have already reached the highest level of banks' asset utilization, more difficult to improve their performance. However, the respondents "F." outside experts believe that the whole banking system will continue to increase their profitability. "The dynamics of profitability in 2011, in my opinion, will be committed to a positive trend, although not as rapid as before - says Stanislav Khalizov of BCS. - Growth in the loan portfolio could reach around 8%. The tendency of corporate lending. Also a high probability of growth of investments in securities. " Agrees with him and Andrew Vernikov of IC "Zerich Capital Management", "I expect a weakly positive dynamics of profitability and efficiency. Mortgage lending continues to look weak. Shocks will not be, but the explosive growth of credit will not be (real incomes are not growing, the retail trade is not growing). Of course, if you start the financial turmoil in Europe, which is the main source of funding our banks will have to revise the forecasts. " At the same time Andrew Vernikov not think that the composition of the leaders in profitability during the year seriously changed. "In order to rank has changed dramatically, it is necessary that in the second quarter were more in demand other banking services - explains his position expert. - In particular, loans to legal entities. Legal persons are reluctant to borrow because of the poor investment climate. During the crisis the company faced a decline in demand for its products - import substitution has not occurred. Future entry of Russia into the WTO makes the situation even more precarious business, as a relatively competitive industries can only be called iron ore and hydrocarbons. Upcoming presidential elections also make it impossible to plan the development of business because it is not clear which way the economy will move after the election - an innovative or "great energy power. '" Thus, in 2011 the "Royal" by the development banks will continue lending to citizens, and this is reflected in the rankings of profitability. "As before, the most profitable will be the consumer loans and credit cards" - confirms Andryushkin Vyacheslav, the deputy chairman of the SDM Bank. "In the short term, the main drivers of growth of bank profit will be consumer credit and lending to small and medium enterprises" - believe in Sovcombank. However, in Absolut Bank believe that the most profitable areas of work will be in arrears. "Recovery of Absolut Bank will show profits earned in previous years" - promises Ravil Nigmatov. "Factor X», for which the forecast increase in the profitability of the banking system may not come true this year, is the level of interest rates. Dmitry Savoschenko Sovcombank of the view that, although banks can actually increase profits at the level of profitability is not affected due to lower rates. However, the Central Bank began a policy of increased cost of money in the fight against inflation in the early years, and recently the decision to raise the refinancing rate to 8.25% confirms the high potential of the regulator in this regard. This means that the banks will still be able to improve their profitability. Ranking of the largest Russian banks by return on assets for the I quarter of 2011 p / n Name of the organization's assets on 01.04.2011, million rubles' equity (capital) on 01.04.2011, million rubles net profit / loss for three months in 2011 , million rubles ROA * in the I quarter of 2011,% 1 HCF-bank 126250.3 20345.8 +2794.75 11.57 2 Absolut Bank 113786.9 17499.9 +2590.00 8.95 3 109 268 OTP Bank 2 16509.7 2024.49 8.34 4 Sovkombank 48982.1 5643.4 798.50 8.13 5 Credit Europe Bank 84780.8 13639.6 1541.73 7.74 6 30729.9 6071 Swedbank 9 616.13 7.61 7 Centrokredit 67591.1 16190.3 1184.05 7.14 8 Rusfinance bank 94542.3 21306.7 1444.10 7.01 9 Nota-Bank 34375.4 3314.1 477.18 6.46 10 ING Bank (Eurasia) 144,292.4 5.96 1946.33 26256.3 53828.7 10111.8 DeltaCredit 11 565.23 5.00 12 29 986 167,814.0 Russian Standard, 8 1504.20 4.27 Savings 13 9343232.4 1327551.6 +83863.80 4.04 14 Citibank 242525.8 39706.6 +1879.26 3.86 15 Svyaz-Bank 174,905.0 29,522.1 1558 69 3.76 16 SKB-Bank 83552.9 8965.9 712.67 3.52 17 RosEvroBank 73471.8 9845.5 492.27 3.18 18 Relight 51397.1 5249.5 301.87 3 , July 19 997,178.1 110,855.2 VTB24 6031.76 2.96 20 National Reserve Bank 62462.5 17209.1 445.82 2.90 21 Raiffeisenbank 532767.9 70332.2 +2995.01 2.85 22 Vneshprombank 71126.2 8921.3 414.88 2.79 23 GPB 1977911.3 224877.4 +13271.08 2.76 24 Transcreditbank 415410.3 38789.0 +2227.98 2.76 25 56 446 Bank of AMT, 9 sf 381.35 2.76 26 HSBC es BBC Bank (RR) 36262.6 sf 211.70 2.62 27 Khanty-Mansiysk Bank 200,928.0 26,980.2 1020.09 2.61 28 SB-bank 43214.0 5577.3 216.94 2.48 182,797.4 15,294.5 29 Trust 1001.53 2.46 30 Nomos Bank 398090.0 45148.3 +1678.12 2.42 31 Credit Agricole 40232.5 8749.7 176.42 2.39 32 Asia-Pacific Bank 48000.4 5484, 8 164.08 2.38 33 ChelindBank 30528.9 5066.1 155.12 2.32 34 37315.6 WestLB Vostok sf 178.69 2.29 35 Loko-Bank 53376.6 5274.2 255.57 2.26 36 Renaissance Capital 50384.2 6276.5 281.96 2.25 84853.9 11621.4 37 324 Transcapitalbank 20 2.21 38 Bank "Saint Petersburg" 303790.2 34531.5 +1383.57 2.11 39 Russ-Bank 96473.1 11251.9 491.93 2.05 40 15 124 117,802.4 KIT Finance, 6 598.95 2.03 41 Center-Invest 49954.5 6180.7 231.09 2.03 42 BSGV 156063.2 16844.8 +749.61 2.01 43 Commerzbank (Eurasia) 35153.9 10 928, 5 63.40 1.95 44 UniCreditBank 645940.1 71706.7 +2533.64 1.88 45 Alpha Bank 886463.0 94702.5 +3995.59 1.87 46 Globex Bank 128,057.0 25,354.0 485.43 1.87 47 Orient Express 109547.8 9696.9 +306.79 1.83 48 VTB 3198566.5 441394.4 +12777.10 1.82 49 52586.1 1736.36 414,681.0 Uralsib 1.79 50 Nordea Bank 185613.3 26173.6 +714.60 1.69 51 Evrofinance Mosnarbank 63951.3 12775.4 172.33 1.66 52 51563.5 6237.4 178.69 IBSP 1 66 53 Credit Bank of Moscow 175116.3 18794.9 +626.52 1.60 54 FUNDSERVICEBANK 52021.8 4746.2 133.74 1.57 55 Metallinvestbank 43876.2 6074.1 129.98 1.54 56 Far Bank 29115.4 3092.6 88.38 1.50 57 Novikombank 69221.4 7256.9 169.99 1.41 58 Master-bank 72013.8 8069.7 124.09 1.32 59 264 676 Russia, 2 26804.8 719.85 1.29 60 Zapsibcombank 61697.7 7211.5 155.07 1.29 61 Probusinessbank 82621.8 7240.9 151.53 1.25 62 10106.3 + 107357.0 Binbank 316.64 1.24 63 Metcombank 53348.1 7735.8 125.87 1.22 64 Investbank 47483.8 4401.1 87.20 1.21 65 National Standard 6415.9 37406.1 99.17 1 , 17 66 Uniastrum bank 90342.4 9091.7 204.89 1.13 67 Renaissance 189169.7 19433.9 +286.53 0.95 68 MInB 123816.2 13973.9 +230.99 0.95 69 SNGB 49059.2 3885.8 112.49 0.94 70 Bank "Zenit" 187813.0 21185.2 +99.93 0.91 71 Vanguard 59362.0 8655.7 132.97 0.91 72 33 704 Tauris, 1 3181.4 72.88 0.88 73 74243.5 Baltic Bank na 152.24 0.87 74 UBRD 80789.6 6921.9 164.80 0.86 75 MDM Bank 402264.1 47878.2 +530.28 0.83 76 Petrocommerce 191,238.3 21,398.6 206, 29 0.80 77 Rosbank 453868.7 48810.3 +876.18 0.78 78 MSP-bank 63170.4 5434.6 119.71 0.78 79 30.67 5098.9 63989.1 IBRD 0 74 80 Opening 138734.7 19223.7 +224.46 0.73 81 Bank "Intesa" 88924.3 11718.0 159.10 0.73 82 Bank of Moscow 959485.1 138983.5 +604.26 0.70 83 35002.5 5725.6 Pervobank 38.92 0.70 84 National Commercial Bank of 32600.0 sf 53.76 0.67 85 BNP Paribas 73203.9 sf 77.23 0.66 86 Tatfondbank 65434.1 10220.1 105.96 0.66 87 RBD 87630.9 27110.7 79.94 0.63 88 Baltinvestbank 52020.6 4811.6 35.84 0 , 60 89 Union 77772.8 9322.0 97.86 0.53 90 Investtorgbank 79419.6 10343.3 69.10 0.50 91 RAB 1173387.6 148759.5 +564.90 0.39 92 513 786 PSB 1 438.54 0.38 51927.4 93 43642.7 Russian capital ND 35.29 0.37 94 Ak Bars Bank 271321.6 35186.2 +198.76 0.34 95 IBRD 133720.4 11167.3 +79.01 0.26 96 33820.2 2515.0 Moscomprivatbank -23, 17 0.08 97 5.53 5801.5 69654.9 Sobinbank .04 98 International Financial Club 33811.2 sf -27.23 -0.31 99 Royal Bank of Scotland 50910.9 15886.5 -249.98 -1.71 100 Deutsche Bank 74174.6 12540.7 -463.77 -2.22 * Rate ROA (return on assets ) is calculated as the ratio of financial result before tax received for the 3 months preceding the reporting date (April 1 of 2011), the arithmetic mean value of the assets over the same period. Source: Bank statements under RAS. The numerical values ​​in the table were prepared using a PC, "Financial Risk Manager" (LLC "INEC CWP").