Stability and reliability of the bank. financial analysis of alpha bank

Alfa-Bank banking group, which includes ABH Financial, Alfa-Bank JSC and affiliated companies, announced its results for 2017 based on international standards financial statements(IFRS). During this time, the Group demonstrated qualitative positive dynamics in key indicators financial activities, strengthened its position in the market, once again proving the sustainability of its business model.

The net profit of the Banking Group for 2017 increased 1.5 times compared to the previous year and reached 798 million US dollars (compared to 527 million US dollars at the end of 2016).

“In 2017, Alfa-Bank again demonstrated qualitatively positive dynamics in key financial performance indicators and confirmed its leading position as the largest private bank in the country. Thanks to the coordinated work of the entire bank, we expanded our client base, increased lending, especially in the retail segment, while improving the quality of assets. During the year, we observed a significant influx of client funds, and, taking this opportunity, I would like to thank all clients for their trust and choice of our bank. In the coming year, we will strive to do even more for all our clients, actively continuing our strategy of active growth,” commented Alexey Chukhlov, Deputy Chairman of the Management Board, Acting Chief Executive Officer and Chief Financial Officer.

In 2017, net interest income increased by 26.9% to USD 1,739 million due to accelerated growth interest income against the backdrop of lower interest rates. The net interest margin (NIM) was 4.7%, higher than in 2016.

Behind last year the group noted a significant improvement in quality loan portfolio. The share of overdue loans (90+ days) decreased from 4.2% at the beginning of the year to 2.3%. Coverage of overdue loans (90+ days) by reserves remains conservatively high and amounts to 122.8%. The reserve rate at the end of 2017 was 2.9%.

Driven by continued growth in its client base, net commission income increased 33.4% year-over-year to US$846 million. Share of clean commission income in operating profit before provisioning reached a record level of 35.8% at the end of 2017, reflecting the bank’s strategy to increase stable risk-free income and strengthen the role of transaction business.

The total assets of the Alfa-Bank Banking Group increased by 16.9% compared to last year and amounted to USD 44,728 million as of December 31, 2017.

The loan portfolio before provisions increased by 19.5% to US$28,562 million compared to US$23,901 million at the end of 2016. The corporate loan portfolio increased by 15.3% to USD 24,152 million. The retail loan portfolio increased by 49.3% and amounted to USD 4,410 million.

Liabilities of the Alfa-Bank Banking Group increased by 17.9% to USD 38,346 million as of December 31, 2017. Customer funds increased by 36.1% to US$29,552 million. At the same time, the volume of current accounts increased by 31.5%, and their share in customer funds amounted to 49.1%, which indicates high customer confidence in the Banking Group as one of the largest financial institutions Russia.

Capital of the Alfa-Bank Banking Group for reporting period increased by 11.3% to US$6,382 million from US$5,734 million at the end of 2016. Capital indicators according to Basel III standards are maintained at a high level: the total capital and tier 1 capital adequacy ratios amounted to 17.4% and 15.7%, respectively, which guarantees the stability and sustainability of the Banking Group.

Based on the results of 2017, the Alfa-Bank banking group took the position of the largest Russian private bank in terms of total assets, total capital, loan and deposit portfolios. In 2017, the Banking Group managed to significantly strengthen its position in the market in all key areas of activity:

• the share in the corporate lending market increased to 4.20% compared to 3.60% at the beginning of 2017;
• the share in the retail lending market increased to 2.33% compared to 2.09%;
• market share credit cards rose to 8.46% from 7.32%;
• the number of mass corporate business clients has increased by 27.4% since the beginning of the year and amounted to 366,700.

High level The creditworthiness of the Alfa-Bank Banking Group is confirmed by high credit ratings. In May 2017, the international rating agency S&P Global Ratings revised the outlook for Alfa-Bank from “Stable” to “Positive” and confirmed the Bank’s long-term rating at BB. According to the agency, despite the difficult economic situation Over the past few years, the Alfa-Bank banking group has maintained high credit quality of assets and has also noted an increase in the Bank's capitalization. On October 31, 2017, the international rating agency Moody’s Investors Service confirmed the long-term rating of Alfa-Bank’s deposits in foreign currency at Ba2 level and increased the long-term rating of Alfa-Bank deposits in local currency, as well as the rating of senior unsecured debt obligations in foreign and national currencies from Ba2 to Ba1. In March 2017, the rating agency FitchRatings revised the outlook for Alfa-Bank from “Negative” to “Stable”, and on December 4, 2017, it confirmed Alfa-Bank’s long-term default rating at BB+. The credit quality of the Alfa-Bank Banking Group is highly assessed by national rating agencies. So November 13, 2017 Analytical Credit Rating Agency(ACRA) confirmed the Bank's national scale rating at AA (RU), the outlook is stable. On August 29, 2017, the Expert RA Rating Agency (hereinafter referred to as Expert RA) assigned Alfa-Bank a national scale rating of ruAA, with a “Stable” outlook.

The financial results of the Alfa-Bank Group are compiled in accordance with international standards financial statements and audited by PriceWaterhouseCoopers auditors.

Registration number: 1326

Date of registration by the Bank of Russia: 03.01.1991

BIC: 044525593

Main state registration number: 1027700067328 (26.07.2002)

Authorized capital: RUB 59,587,623,000

License (date of issue/last replacement) Banks with a basic license are banks that have a license whose name contains the word “basic”. Other operating banks are banks with a universal license:
License to attract deposits and placement precious metals (16.01.2015)
General license for implementation banking operations (16.01.2015)
Licenses

Participation in the deposit insurance system: Yes

Alfa Bank, founded more than a quarter of a century ago, is a commercial universal bank. This is significant in Russia credit institution, confidently positioned among the largest private banks in the world, provides a full portfolio of financial services.

Alfa Bank is directly controlled by AB Holding (Russia) and Alfa Capital Holdings, which owns less than 1% of the shares.

Alfa-Bank offers the following services:

• Loans ;
• Credit ;
• Cumulative;
• and much more.

Located in large populated areas Russia and the Near Abroad (Kazakhstan, Ukraine, Belarus, etc.), in European countries (for example, the Netherlands), Canada, America. You can use this commercial establishment while living in New York or the United Arab Emirates.

Alfa Bank is a leader financial market, which successfully combines simplicity of solutions and innovative methods service.

Board of Directors of Alfa-Bank: Petr Shmida (chairman), Petr Aven (owns 13.76% of shares, chairman of the board of directors of the banking group), Andrew Baxter, Rushan Khvesyuk, Ildar Karimov, Oleg Sysuev, Eduard Kaufman, Andrey Kosogov (controls 4, 08% of shares), Alexey Marey, Mikhail Fridman (owns 36.47% of shares), Sergey Vasiliev

Also, the beneficiaries of ABH Holdings S.A. (Luxembourg) are German Khan (23.27%), Alexey Kuzmichev (18.12% of shares), Alex Knaster (4.3%).

The chairman of the bank today is Andrey Sokolov, the chief managing director is Alexey Marey.

The bank was registered in January 1991 in Moscow. Founded by the famous Russian businessman Mikhail Fridman and his partners.

Since December 2004, the credit institution has been a participant in the deposit insurance system.

In 2014, the Bank of Russia made a decision on the financial rehabilitation of Baltiysky Bank. The reorganization procedure was initiated by the Deposit Insurance Agency based on the results of an inspection of a financial institution in 2014. As a result of winning the tender in August 2014, the Central Bank announced the reorganization Baltic Bank with the participation of Alfa-Bank. Thus, PJSC Baltic Bank became part of the Alfa-Bank Banking Group. It is worth noting separately that this is the only credit institution taken by Alfa-Bank for reorganization since the 2008 crisis, when it acquired Severnaya Kazna.

For the rehabilitation of the Baltic Bank, which became necessary as a result of a protracted conflict between its owners, a ten-year loan from the DIA was allocated at a rate of 0.51% for 57.4 billion rubles. These funds were provided by the DIA from the Central Bank. The bank's recovery plan assumed that by 2020 it would be merged with Alfa-Bank. The procedure for joining the Baltic Bank was completed in May 2019.

The main subsidiary banks of the Russian Alfa-Bank are Amsterdam Trade Bank N.V. (Netherlands) and JSC SB Alfa-Bank (Kazakhstan).

As of July 1, 2019, the volume of net assets of the credit institution amounted to 3.39 trillion rubles, the volume own funds– 403.46 billion rubles. At the end of the first half of 2019, the bank showed a profit of 13.70 billion rubles.

Network of divisions:
head office (Moscow);
7 branches;
312 additional offices;
306 credit and cash offices;
170 operational offices;
4 operating cash desks outside the cash desk.

Owners:
Mikhail Fridman - 32.86%;
German Khan - 20.96%;
Alexey Kuzmichev – 16.32%;
Petr Aven – 12.40%;
UniCredit S.p.A. (Italy) – 9.90%;
The Mark Foundation for Cancer Research (Cayman Islands) – 3.87%;
Andrey Kosogov – 3.87%.

100% of the bank through AB Holding JSC is controlled by ABH HOLDINGS S.A. (Luxembourg), the ultimate beneficiaries of which are the above-mentioned co-owners of Alfa Group* and other persons.

Board of Directors: Petr Aven (chairman), Andrew Baxter, Vladimir Verkhoshinsky, Artem Leontyev, Andrey Kosogov, Alexey Marey, Oleg Sysuev, Mikhail Fridman, Oscar Hartmann.

Governing body: Andrey Sokolov (chairman), Vladimir Verkhoshinsky, Mikhail Grishin, Michael Tach, Andrew Chulak, Denis Osin, Vladimir Voyekov, Ivan Pyatkov, Sergey Shevchenko.

* Alfa Group enterprises operate in such areas of the economy as commercial and investment banking, asset management, insurance, retail, water supply and sanitation, production and sale of mineral water, as well as special investment situations. The main owners are Mikhail Fridman, German Khan and Alexey Kuzmichev.

Besides banking business(in Russia, Ukraine, Belarus, Kazakhstan and the Netherlands) the Alfa Group consortium controls or owns large shares in the companies of the AlfaStrakhovanie Group (the amount of insurance premiums at the end of 2017 is 159 billion rubles, without compulsory medical insurance accounting), Alfa Capital Management Company (assets under management as of December 31, 2018 - 343.9 billion rubles), Alfa Asset Management (Europe S.A. (asset management company for private and corporate clients in Europe), A1 ( investment company), X5 Retail Group(grocery retail, more than 14.4 thousand stores in the Russian Federation), Rosvodokanal Group of Companies, IDS Borjomi International (the largest producer of mineral water in Russia, Ukraine, Georgia and the CIS and Baltic countries). As of December 31, 2017, the consortium employed more than 330 thousand employees.

Date of credit report 07.06.2019
Recommendations are valid for 1 year

1. Full name of the issuer

JOINT STOCK COMPANY "ALFA-BANK"

Reg. number: 1326

The table shows the final rating.

Main components:

• The bank's own rating in a stable situation is A.
• The bank's stress rating is A.
• The expected level of support is high.

Based on the results of the risk assessment, there are no restrictions on placement Money V financial instruments Jar. In the event of a stressful situation, the Bank is highly likely to receive support from the state and the main shareholder

3. SWOT analysis

Key positive points:

• Alfa-Bank is one of the largest Russian banks (6th place in terms of assets and 5th place in equity capital).
• Good industry diversification of the loan portfolio, wide geography of activity, acceptable level of concentration active operations at large facilities credit risk, high diversification of the resource base.
• Efficient system risk management and high quality corporate governance system, experience in raising funds for international markets capital.
• A comfortable amount of liquid assets, sufficient to cover potential, including stress, outflows. The funding structure is balanced relative to the asset structure. If necessary, the Bank has access to a significant amount of funding from the Central Bank (repo operations and operations in accordance with Bank of Russia Regulation No. 312-P), market and government refinancing.
• The bank meets the capital adequacy requirements with a reserve, including taking into account allowances from 01/01/2019 and systemic significance (N1.0 = 12.888, N1.1 = 10.015% as of 06/01/2018 with thresholds of 8% and 4. 5% respectively).

Key negative points:

• Possible risks associated with the “oligarchic” origin of the Bank’s capital and the assets of its owners.
• Relatively high concentration of loans to large customers (ten largest borrowers - 20.5% of the portfolio).
• High dependence of financial results on currency revaluation, due to a significant share of loans in foreign currency to corporate borrowers.
• Losses based on results

4. Ownership structure

The direct shareholders of Alfa Bank JSC as of March 31, 2018 were AB Holding JSC and Alfa Capital Holdings (Cyprus) Limited. The ultimate parent company of the Bank is ABH Holding S.A., (“ABHH”), registered in Luxembourg, owned by seven shareholders: Fridman M.M. (share in ABH - 32.8632%), Khan G.B. (20.9659%), Kuzmichev A.V. (16.3239%), Aven P.O. (12.4018%), Kosogov A. N. (3.6716%), UniCredit S.p.A (9.9%) and the charitable trust “The Mark Foundation for Cancer Research” (3.8736%).

4.1. Primary ultimate beneficiary

None of the 7 major shareholders individually or jointly controls and/or owns 50% or more of the shares of ABHH.

4.2. Probability of shareholder support in case of crisis

Alfa-Bank is included in the list of systemically important credit institutions Bank of Russia. The default of Alfa Bank will most likely lead to a systemic crisis in a number of segments of the Russian banking market. The Bank can count on support both from shareholders (owning various assets in different industries) and from the state (within the framework of instruments for supporting systemically important Banks).

5. Analysis of key financial indicators

Reporting of Bank GPB (JSC) as of 05/01/2019 (billion rubles, changes for 4 months) according to RAS (data and interpretations according to IFRS for 2018 and the 1st quarter of 2019 are also used).

Capital - 425,587 billion rubles (+20.656 billion rubles)123 eachform.

Assets - 3420.336 billion rubles. (+719.488 billion rubles.).

228.506 billion rubles. (+0.289 billion rubles.) - cash register and correspondent accounts.

528.734 billion rubles. (+170.574 billion rubles.) - attachmentsVvaluablepaper.

337.243 billion rubles. (+54.849 billion rubles.) - interbank loans

RUB 1,589.113 billion(+268.151 billion rubles)- loans to legal entities and individual entrepreneurs, including balance sheet overdue debt - 83.700 billion rubles. (+10.475 billion rubles) or 5.65% according to RAS.

454.426 billion rubles. loansphysicalpersons. (+163.068 billion rubles), including balance sheet overdue debt - 39.767 billion rubles. (-10.081 billion rubles) or 8.08% according to RAS.

27.271 billion rubles.(+1.444 billion rubles) - fixed assets and capital investments

Liabilities:

RUB 1,165.295 billion (+157.672 billion rubles)- legal means persons

174.387 billion rub. (+134.887 billion rubles)- funds from budgets, the Ministry of Finance, constituent entities of the Russian Federation and local governments.

RUB 1,067.166 billion (+259,331 billion rubles) - contributions from individuals. persons

211.623 billion rubles. (-20.228 billion rub.) - funds from credit institutions.

106,941 billion rubles (+32.839 billion rubles.) - released debentures.

244.583 billion rubles. (+12.788 billion rubles.) - formed reserves

Profit (according to RAS):

For 4 months of 2019 - +34.565 billion rubles. For 2018, net profit amounted to +110.768 billion rubles. For 2017 +50.686 billion rubles.

Appendix 1. Dynamics of the values ​​of the main mandatory standards (liquidity and capital).

Appendix 1. Dynamics of the values ​​of the main mandatory standards (liquidity and capital)

Dynamics of adequacy and capital standards

Dynamics of liquidity ratios

Appendix 2. Dynamics of the composition of assets, including the structure of the loan portfolio.

Asset composition

Loan portfolio

Appendix 3. Quality of the loan portfolio (RAS and IFRS).

RAS loan portfolio quality

Quality of the loan portfolio at the end of 2017 according to IFRS

Analysis of loans to individuals by overdue period as of December 31, 2018

Analysis of loans to legal entities by overdue period as of December 31, 2018

Appendix 4. Dynamics of the composition of liabilities (including raised funds) and profitability indicators.

Composition of liabilities

Involved funds

Appendix 5. Main indicators according to RAS, thousand rubles.

Appendix 6. Main subsidiaries.

Appendix 7. Industry structure of the loan portfolio and concentration of customer funds according to IFRS

Industry structure of the Group’s loan portfolio according to IFRS (as of 01/01/2019)

Customer funds (by type and industry) and funds of financial institutions in liabilities according to IFRS (as of 01/01/2019)

Appendix 8.Dynamics of the Bank’s financial results and assets since 2008.

Dynamics of financial results (million rubles)

Dynamics of assets (million rubles) and their growth rates (year/year, %).

Appendix 9. Scheme of relationships between the bank and persons under whose control or significant influence the bank is located

Rating moneyzzz(together with @riskovik) :

• A - No restrictions - High level of reliability
• B - Restrictions within the DIA - Average level of reliability
• C - Do not place - Low level of reliability

https://www.moex.com/ru/listing/free-float.aspx

Hermann: What can you say about Alfa Bank?

7th in terms of assets, this already says a lot. You don’t have to be afraid of a bank collapse and keep more than 700,000 rubles. Since in the event of bankruptcy of such a bank, the DIA money will still not be enough for everyone :) .

Funds of organizations amount to 482 billion, funds of individuals are slightly less - 338 billion. Over the year, balanced growth (by 26% and 29%, respectively).

The loan portfolio is dominated by corporate loans - 859 billion. Their growth over the year was 17%, while the amount of “bad” corporate loans remained virtually unchanged (increased by 0.03%). Total percentage of overdue loans legal entities very small and amounts to 1.5% of the corporate portfolio.

Lending to individuals grew faster, by 54%. As a result, the amount of the loan portfolio reached 204 billion. The main percentage of overdue accounts for this part of the portfolio, loans to individuals - 10.2% of them are overdue!

At the same time, due to the quality of corporate loans, the overall level of delinquency is low - 3.2% of loans are overdue.

The owner is AB Holding OJSC, which belongs to the Alfa Group structures.

I would like to note that Alfa Bank is one of the most non-customer-oriented banks. Wild queues and incompetent specialists are his brief and succinct description.

The tariffs are structured in such a way that at every step the bank tries to “rip off” you. Even withdrawing your money from an ATM should be extremely careful, because... there is a risk of “subscribing” to various unnecessary services (SMS notifications and the like).

Therefore, I would not recommend contacting Alfa Bank. The interest on the deposit is low, I think similar ones can be found in VTB-24 or in other banks from the TOP 10. However, service in the same VTB-24 is not an example better service at Alfa Bank.

TOP 10 most profitable bank loans in 2017

Choice credit loan is closely connected with the bank where the borrower will take out this loan. There are many different conditions and nuances on which a person’s choice depends. The simplest and most practical part of this choice will be to compare the terms of the loan in various banks. We provide an expert assessment of bank ratings, according to the minimum credit rate. Without limiting ourselves to this, we also decided to highlight the most interesting points in the work of banks when providing consumer loans.

Rating of banks by minimum loan rate and maximum loan amount

Alfa-Bank does not look very attractive in both rating tables, but there is no need to rush to conclusions - it has its own characteristics that are extremely interesting for a certain category of clients. More details in the corresponding section.

The first table is the main one - it focuses on the bank’s rating at the minimum lending rate. The second table is complementary - only those banks that are in the main table participate in it. In the second table you can see the rating of banks by maximum amount loan, the table is made solely for the convenience of the user - how additional parameter assessments of the lending bank.

Bank rating table by minimum lending rate

Bank rating table for maximum loan amount

Loan information

Let's take a closer look at the features credit loans in lending banks and conditions for obtaining a loan.

Alfa Bank

Alfa-Bank issues a very attractive for borrowers credit card- “100 days without interest.” It is thanks to this issue that Alfa-Bank is among the best Russian banks where it is easiest to get a cash loan. The only negative, if it is a “minus”, is that the bank has developed the best and most profitable loan offers for salary card holders.

• rate – from 15.99%;
• amount – from 50 thousand to 1 million rubles;
• term – from 1 to 3 years;
• income certificate – required;
• receiving money – from the 1st day.

Many experts believe that Sovcombank provided the most profitable terms receiving a cash loan in 2017.

The bank’s offer to provide a loan at 12% per annum has a small catch for those borrowers who count on a decent amount loan. The fact is that the 12% rate has a limitation - it is valid for a loan of 100 thousand rubles.

The bank is famous for the quick speed of decision-making on granting loans and a series of advantageous offers for pensioners, for example, the maximum borrower age is 85 years, despite the fact that the overwhelming number of banks are focused on borrowers under the age of 75.

• rate – from 12%
• amount – 100 thousand rubles;
• term – from 6 months to 5 years;
• income certificate – not needed;
• receiving money within a day.

Renaissance Credit is deservedly considered one of the best lenders in the industry banking services. There are three reasons for this: a) very attractive interest rate in 12.9%; b) extremely high speed of loan processing - only 1 hour; c) to complete the application you need only two documents (passport and another document).

• rate – from 12.9%;
• amount – from 30 thousand to 500 thousand rubles;
• term – from 2 to 5 years;
• income certificate – not needed;
• receiving money – within an hour.

The advantage of VTB Bank of Moscow is that it provides large amounts long-term loan.

There are very few banks in Russia that give consumer loan for a period of 7 years.

Considering the term of the loan, you begin to take a closer look at the minimum loan rate, which looks very attractive against the backdrop of such a long period. The disadvantage of the bank is that it is demanding - a certificate of income is required and the length of time it takes to consider an application for a loan (up to 3 days!). But, if you again pay attention to the loan term, the bank’s requirements do not seem excessive.

• rate – from 14.9%
• amount – from 100 thousand to 3 million rubles;
• term – from 6 months to 7 years;
• loan processing – from 1 to 3 days.

Raiffeisenbank

The bank's undoubted advantage is relatively low interest rates on loans (from 14.9% to 19.9%), but there are more disadvantages than necessary - age restrictions from 23 to 70 years; minimum length of service at the last place of work – 6 months; The bank does not provide consumer loans to individual entrepreneurs and business owners.

• rate – from 14.9%;
• amount - from 90 thousand to one and a half million rubles;
• term – from 1 to 5 years;
• income certificate is required;
• receiving money – from 1 to 3 days.

• rate – from 14.9%;
• amount – up to 1 million rubles;
• without guarantee and certificates;
• registration - within 10 minutes.

OTP Bank – financial institution, well proven in the market credit services. A good interest rate plus alternative requirements for clients make the bank attractive to borrowers.

To receive a loan you must be: a) a citizen Russian Federation, b) over 21 years of age; c) have a passport. Important point: the bank does not require a certificate of income, but its presence will significantly simplify the procedure for obtaining a loan and affect its size.

• rate – from 14.9% per annum;
• amount – from 15 thousand to 750 thousand rubles;
• term – from 1 to 5 years;
• income certificate – not needed;

IN Eastern Express Bank give quick loan in cash up to 200 thousand rubles without guarantee and certificates. The loan is issued very quickly - in just 20 minutes.

• rate – from 15%;
• amount – from 25 thousand to 500 thousand rubles;
• term – from 1 to 3 years;
• up to 200 thousand rubles - with a passport, without a certificate of income;

The bank's headquarters is located in Yekaterinburg, but this does not mean that the bank is provincial - it is in no way inferior to capital banks. Its offices, ATMs, terminals and service departments are located in many cities of Russia. The bank has no special advantages, except for one - the bank gives a cash loan of up to 300 thousand based on two documents, without proof of income.

• rate – from 15.9%;
• amount – from 51 thousand to 1 million 300 thousand rubles;
• term – up to 5 years;
• income certificate – not needed;
• money in hand – within two days.

Ural Bank for Reconstruction and Development (UBRD)

Another bank from Yekaterinburg. The minimum interest rate of 17% makes this bank unattractive in the eyes of the borrower, but this is only at first glance - the bank has undoubted advantages: a) a loan of up to 200 thousand rubles in cash is issued with just a passport within 20 minutes; b) large loans up to 1 million rubles are issued for a period of up to 7 years; c) UBRD has a special credit program loyalty for pensioners.

• rate – from 17%;
• amount – from 5 thousand to 1 million rubles;
• term – from 1 to 7 years;
• income certificate – not needed;
• money in hand – from 20 minutes to 1 day.

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