Macroeconomic Review and Retail Banking Market Analysis

Macroeconomic Review and

Retail Banking Market Analysis

December 2018

2

Contents

Macroeconomic Indicators of the Russian Economy 3

Retail Lending Market 5

Portfolio Growth Rates in Unsecured Retail Lending Segments 6

Retail Funding Market 8

Key Interest Rates Evolution 9

Full Cost of Loan Evolution 10

Leading Banks in Retail Lending 11

POS Loan Segment 13

General Purpose (Cash) Loan Segment 14

Credit Card Segment 16

Leading Banks in Retail Term Deposits 18

Leading Banks in Retail Current Accounts 20

Macroeconomic Review and Retail Banking Market Analysis

December 2018

This review has been prepared by an analytical team of CB Renaissance Credit (LLC) on

the basis of information from open sources: website of the Bank of Russia, website of the

Federal State Statistics Service (RosStat), official websites of banks and business media, as

well as on the basis of one paid source of information — reviews of Frank Research Group.

CB Renaissance Credit (LLC) does not guarantee accuracy, completeness, timeliness or

correct sequencing of the information, estimates and assessments provided in this review.

Should you have any questions regarding this review, please contact the investor relations

team of the bank at: [email protected]

The reference to this document as the source of information is mandatory if you intend to

use this material.

© CB Renaissance Credit (LLC)

Preface and Disclaimer

mailto:[email protected]

2%3%4%5%6%7%8%9%

10%11%12%13%14%15%16%17%

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

• The inflation yearly growth rate, that over the first half of 2018

demonstrated its historical lowest level around 2.3%, accelerated

in the second half and by November reached the level of 3.8%

y/y. The main reasons of the CPI growth are the decrease of

crop yield in the current year in comparison to the record one in

the previous year, the gasoline price rising due to oil price growth

up to the end of III quarter of 2018 and the dollar exchange

strengthening towards ruble. The inflation rate forecast of CBR in

2018 is 3.8 — 4.2%.

• In 2019 CBR expects CPI growth at 5 — 5.5% rate because of

the VAT increase. MED forecast is more optimistic — 4.3%.

Analysts of both services project the inflation growth rate

stabilization at 4% annually as of the year-end 2020 and onward.

• As of September 2018 the unemployment rate shew its lowest

level in the contemporary Russian history descending to 4.5%. In

October the unemployment rate expectedly rose to 4.7% due to

the season fluctuation.

• The key factor in the unemployment rate decrease is the

negative demographic trend, characterized by the dominance of

people retired on pension over younger generation entered on

labor market. Over the next few years this trend will be

weakened due to the improvement of demographic situation and

the government ambitions to raise the level of elderly people

economic activity.

-4%

-3%

-2%

-1%

0%

1%

2%

3%

4%

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

3

Macroeconomic Indicators of the Russian

Economy (1/2)

Real GDP Evolution

Inflation and Unemployment

Source for all macrocosmic data used — Rosstat gks.ru

+1.5%

Quarter to similar quarter of previous year;

seasonality factor has not been excluded

Value of both indicators are given for the last

month of each quarter; inflation is annualised

• The real GDP growth rate in 3Q2018 reaches 1.5% y/y according to the

adjusted Rosstat statistic data. Russian economic growth acceleration

is restricted by weak consumer demand due to the decline in consumer

confidence, the presence of economic structural constraint and the

completion of enormous investment projects as, for example, the

construction of Crimean Bridge.

• According to MED1 forecast, the GDP increase in 2018 will achieve

1.8%, that appears to be quite optimistic. Considering the fact, that, as

reported by Rosstat, the real economic growth over the first three

quarters is 1.6%, Russian GDP in 4Q should reach 2.3% in order to

achieve the forecasted value. It seems to be scarcely probable

especially if we take into account the continue of oil price fall.

• Rosstat revised upwards the GDP growth rate in 2Q2018 on 0.1 p.p.

from 1.8% to 1.9%. The growth enhancing in mentioned quarter is

provided primarily by the FIFA World Cup which Russia held in the

summer.

• Russian government services and leading Russian and international

analytical agencies expect the GDP growth in 2019 to slow down both

due to the rise of VAT on 2 p.p. from 18% to 20% and the start of the

pension reform. Both changes entry into legal force on January 1st,

2019. According to MED, these reforms will result in boosting Russian

economy above 3% from 2021 and onward.

2014 2015 2016 2017 2018

2014 2015 2016 2017 2018

MED RF1 CBRDC NRU HSE2

(consensus)ACRA IEF RAS3 IMF Moody’s Fitch S&P World Bank

2018 1.8% 1.5 — 2.0% 1.7% 1.6% 1.8% 1.7% 1.7% 1.8% 1.8% 1.5%

2019 1.3% 1.2 — 1.7% 1.4% 1.4% 1.6% 1.8% 1.7% 1.5% 1.7% 1.8%

Real Russia GDP forecasts for 2018-2019 by the leading analytical agencies and Russian government services published in the fall 2018:

4.5%

3.4%


December 2018

1 Ministry of Economic Development of Russian Federation

2 Development Centre of the National Research University “Higher School of Economics”

3 Institute of Economic Forecasting of the Russian Academy of Science

-14%-12%-10%

-8%-6%-4%-2%0%2%4%6%8%

10%12%14%

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4

+7.2%

• The retail turnover growth in 2018 stabilized at the level of 2.4 — 2.9%. The

unstable and low growth rate of real disposable income keeps retail sales

volume growth under pressure.

• According to MED forecast, the retail turnover growth in 2018 reaches 2.9%. In

2019, however, retail growth rate will decelerate to 1.7% because of the

consumer behavior adaptation to the CPI growth caused by the VAT rate

increase. Examined by DC NRU HSE analysts make a consensus-forecast

which accords with MED estimation of the retail growth rate in 2019, but come

in disagreement about the index meaning as of the year-end 2018 — they

expect more modest and more realistic 2.7% rate.

• After three and half year of permanent decline of the real disposable household

income shew raise over the first two quarters of 2018. Among the main reasons

are the growth of government services’ workers salary and unprecedented low

inflation rate in the first half of the year.

• Though, the growth is revealed as unstable. In August and September the

increase was replaced by the decrease by 0.9% and 2.5% accordingly. August

—September decline of the real disposable household income seems to have

seasonal and temporary nature.

• Average market expectations of the income growth in 2018 are 1.6%, despite

of the fact, that over the last 10 months of the current year it is merely 1.0%.

The next year meaning is expected to be lower at 0.5 p.p. in comparison to the

2018 value due to the forecasted increase of inflation growth rate.

• Over the last 5 years the growth rate of real salary in 2018 becomes the

highest, reached its peak in 1Q2018 at the level of 10.2%. Nevertheless, the

growth rate decelerates as elective cycle moves away and by the next year end

MED anticipates real salary raise at barely 2%.

• The observed real salary increase may be the imitation of growth because of

the fact that some part of wages due to the changes in legislation (as, for

example, the increase of minimum wage level) withdraws from the informal

sector. Consequently, from the statistic point of view wages demonstrate

growth, but in fact the level of salaries doesn’t change in any significant way.

• The average monthly price of Brent oil barrel tends to grow over the first three

quarters of 2018, achieved in September the level of $76.96. However, after

early October peak at the level of $86.74 per barrel oil prices wiped off around

the one third of its maximum. The reasons hide in supply growth on the part of

Saudi Arabia, the USA and Russia on the back of the expectation of global

demand slowdown.

• ACRA and MED predict price of Urals oil barrel in 2019 at the level of $63. DC

NRU HSE consensus-forecast is even more optimistic — 67$. Oil price

forecasts are traditionally quite inert and the risk of substantively deeper

decline during 2019 in comparison to the meanings defined above is reserved.

This risk is caused by the oil infrastructure development in the USA. Today oil

upstream sector in the States is restricted only by the lack of pipelines power

on a scale of cross continental logistic — from upstream spots to downstream

plants and export terminals. In the second half of 2019 the new mainstream

pipelines are planned to be launched, which leads to the radical higher growth

rate of upstream sector in the USA.

• USD/RUB exchange rate from the end of 2017 doesn’t demonstrate tight

correlation with oil prices. Geopolitical risks connected to the permanent threats

of new sanctions induction on the behalf of the EU and the USA make a more

significant impact on USD/RUB exchange rate dynamic.

• In 2017 November the average dollar to ruble rate was 58.93 rubles, in 2018

November the rate is 66.36 rubles. Based on this data the annual growth rate

achieved 12.6%.

• According to MED forecast annualy average USD/RUB exchange rate in 2019

will reach 63.9 rubles. Based on DC NRU HSE consensus-forecast the

indicator meaning will be 66.3 rubles at the end of 2019 year.

+2.6%

0.0%

2014 2015 2016 2017 2018

2014 2015 2016 2017 2018

0

10

20

30

40

50

60

70

80

90

100

110

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

65.55

76.96


December 2018

Macroeconomic Indicators of the Russian

Economy (2/2)

Retail Turnover*, Salary** and Income***

Quarter to similar quarter of the previous year

* Meaning the real retail turnover

** Meaning the real salary level

*** Meaning the real disposable income of the population

Source of data on the turnover, salary and income — Rosstat gks.ru; on USD exchange rate — the Bank of Russia cbr.ru; on oil — Finam finam.ru

Oil Price and USD Exchange Rate

Values of both indicators are given as average for

each specified quarter: price of Brent oil barrel in

USD and USD/RUB exchange rate

2014 2015 2016 2017 01.11.2018 2018

Credit card

POS loans

General purpose

Auto

Mortgage

5

11,310,7 10,8

12,2

14,4

32% 38%42% 43%

43%

6%

6%

6%7%8%

46%

38%

39%

10%

11%

11%

2%

2%

Forecast

2%2%

12%2%

RU

B trn

12%

• Over the 10 months of current year retail lending market portfolio grew at 18.4%, whereas annual growth rate (from

01.11.2017 to 01.11.2018) gained 22.1%. Previously the annual growth rate above 20% was recorded in the first half of

2014.

• It is notable that in the beginning of 2018 the average market expectations towards retail loans growth were more

modest, than the actual current increase is — so analysts waited rates to be at the level of 10 — 12% by the end of

2018. Therefore the return of real disposable income to growth in the first half of 2018 on the back of the record low

level of interest rates rose retail lending demand considerably.

• Presented here the current year forecast may be exceeded by actual results for several percentage points. However in

the next year it is highly likely that retail loans market will display significantly lower growth rate, but increase will

continue given that there won’t be any unexpected remarkable economical shocks.

41% 39%

10%

2%

38%

6%

44%

14,8

2018

–6% +1% +13% +21% (Forecast)+22%

+9%+1%

2015 2017

+18%

+10%

01.11.2016 01.11.2017 01.11.2018

2016


December 2018

Retail lending market

Market portfolio structure evolution

Comments

Market Portfolio Growth Rates

Source: Bank of Russia cbr.ru and Frank R.G. frankrg.com

6

• The annual growth rate of POS loans market portfolio as of 01.11.2018 is valued at 8.9%, decelerated in

comparison to the growth rate of previous year, when increase reached its local maximum at the level of 19.7%.

• The volume of POS loans market portfolio as of November 1st, 2018 is 248.0 RUB bn.

• Therewith the POS loans origination over the 10 months 2018 arrived at 298.0 RUB bn that is 4.3% more than at

January — October 2017 period. Originated loans volume in 2018 reached its peak for the last 5 years, but in

comparable period of 2013 the indicator was estimated to be 3.9% more than in 2018, at the level of 309.5 RUB

bn. Accumulated inflation from the beginning of 2014 to the current moment is measured at around 40%, while

real disposable income decreased for near 10%. Thereafter we can suggest that in the last 5 years POS loans

market lost around quarter of its potential volume in favor of credit card segment, especially installment cards.

• The next year POS loans market growth will slow down and without prominent economical shocks will reach 2 —

5%.

• The growth rate of general purpose loans market from January till October 2018 composed 22.1%, in year-to-year

terms the portfolio rose by 24.6%.

• As of 01.11.2018 the cash loans growth rate almost caught up with the growth rate of mortgages, which portfolio in

annualized basis increased by 25.0%. By this time mortgage growth rate has still been staying in ascending trend.

• The general purpose portfolio volume as of November 1st, 2018 totaled at 5 651.7 RUB bn — absolute maximum all

over the whole observation period. Former highest value of indicator was noticed on 01.12.2014 and compounded

5 235.1 RUB bn.

• The cash loans origination by the end of the 10 months of 2018 increased by 47.1% towards the comparable period of

previous year, compounded 3 462.1 RUB bn. In comparison to the 10 months of 2013 results cash loans origination

volume unlike POS loans rises at 22.7%.

• It is not sure that cash loans growth rate starts to decelerate by the end of current year. But if not, we definitely see

rates slowdown next year. Without economical shocks in 2019 market portfolio will expand at 10 — 15%.

2018

–17% +9% +17% +10% (Forecast)+9%

+8%–1%

2015 2016 2017

0%

+20%

01.11.2016 01.11.2017 01.11.2018

2018

–14% –6% +11% +22% (Forecast)+25%

+9%–5%

2015 2016 2017

+22%

+7%

01.11.2016 01.11.2017 01.11.2018


December 2018

Portfolio Growth Rates in Unsecured Retail

Lending Segments (1/2)

POS Loans

General Purpose (Cash) Loans


7

• The credit cards market portfolio as of 01.11.2018 increased in annualized basis at 10.3%. In the

nearest future we expect this market segment growth will accelerate and then start to slow down

in 2019 following the whole retail lending market trend.

• The credit card market portfolio reached its record highest level of 1 440 RUB bn on 01.11.2018.

• The credit card spend volume in January — October 2018 compounded 3 095.9 RUB bn, that is

22.7% higher than the value in the comparing period of the previous year. Consequently, it is

obvious, that intensity of credit card use grows remarkably faster than its debt.

• The growth rate of unsecured lending market portfolio in October 2018 reached 21.0% annualized.

Cash loans made the greatest contribution in the index value dynamic because it composes three

quarters of all unsecured lending portfolio volume and demonstrates the highest growth rates among

all segments specified above.

• The volume of market unsecured loans joint portfolio at the end of October 2018 is estimated at 7

339.8 RUB bn.

• Over 10 months 2018 market origination volume of all unsecured lending segments rose at 32.8% in

comparison to the same period of previous year and composed 6 856.0 RUB bn. It is worthy to note,

that in the current year for the first time since 2014 the cash loans segment origination volume

exceeds the credit card spend.

2018

–5% –4% +9% +15% (Forecast)+10%

+9%–4%

2015 2016 2017

+11%

01.11.2016

+6%

01.11.2017 01.11.2018

2018

–15% –5% +11% +20% (Forecast)+21%

+9%–4%

2015 2016 2017

+19%

+7%

01.11.2016 01.11.2017 01.11.2018


December 2018

Portfolio Growth Rates in Unsecured Retail

Lending Segments (2/2)

Credit Cards

All Unsecured Lending Segments(POS loans + General purpose loans + Credit cards)


2014 2015 2016 2017 01.11.2018 2018

Foreign currency accounts

Foreign currency deposits

RUB accounts

RUB deposits

8

• The annual growth rate of retail funding market after the decline in 2016 accelerates moderately. It is quite possible that at the end

of 2018 the market growth achieves the rate of 10% and consolidates at this level on observed horizon.

• According to S&P analysts, in 2019 domestic deposits will become the main source of funding for Russian banks due to the

present and future Western sanctions, which make an access to external borrowing market harder.

• As of 01.11.2018 the retail funding RUB market increased at 10.3% annualized meanwhile the foreign currency part of retail

funding market (estimated in USD) decreased at 6.3%. In the previous year the decline of foreign currency retail funds in banking

sector was also noticed but at that time the rate were more modest — 1.5%.

18.6

23.224.2

27.1

60%57%

62% 64% 62%

14%

13%15%

15%

16%

18%

17%20%

Forecast

3%

3%

5%4%

3%

27%

23%

26.0

28.7

4%

15%

17%

64%

2018

+20% +13% +12% +13% (Forecast)+10%

+5%+6%

2015 2016 2017

+4%

+11%

01.07.2016 01.07.2017 01.07.2018

2018

+2%+1%

2015 2016 2017

+4%

01.11.2016 01.11.2017 01.11.2018

+25% +4% +7%+6% +9% +10% (Forecast)


December 2018

Retail Funding Market

Market Portfolio Structure Evolution

RU

B trn

Comments

Market Portfolio Growth Rates

Market Portfolio RUB Part Growth Rates

Source: The Bank of Russia cbr.ru

15%16%17%18%19%20%21%22%23%24%25%26%27%28%29%30%

Ja

n

Feb

Mar

Apr

May

Ju

ne

Ju

ly

Aug

Sep

Oct

No

vD

ec

Ja

n

Feb

Mar

Apr

May

Ju

ne

Ju

ly

Aug

Sep

Oct

No

vD

ec

Ja

n

Feb

Mar

Apr

May

Ju

ne

Ju

ly

Aug

Sep

Oct

No

vD

ec

Ja

n

Feb

Mar

Apr

May

Ju

ne

Ju

ly

Aug

Sep

Oct

No

vD

ec

Ja

n

Feb

Mar

Apr

May

Ju

ne

Ju

ly

Aug

Sep

Oct

9

2015 2016

2014 2015

2014

2016 2017

• The weighted average interest rates on mid-term retail loans (with the maturity from 1 to 3 years) in 2018

continued to decline moderately, reached in September its local minimum at 15%.

• The weighted average interest rates on short-term retail loans (with the maturity less than 1 year) after

the decline in April 2018 to its historical minimum level of 16.1% in the next two quarters rose and stayed

within 17.1 — 17.8% range.

2017

• The tendency of stable decrease of retail funding cost changed in June 2018 after the weighted average

retail funding rate achieved its historical minimum at the level of 5.69%. At the end of October 2018 the

index value rose to 6.56%.

• It is most probable that retail funding rate will proceed increasing in the coming year.

2018

2018

17.99%

15.21%

5%

6%

7%

8%

9%

10%

11%

12%

13%

14%

15%

16%

Ja

nF

eb

Mar

Apr

May

Ju

ne

Ju

lyA

ug

Sep

Oct

No

vD

ec

Ja

nF

eb

Mar

Apr

May

Ju

ne

Ju

lyA

ug

Sep

Oct

No

vD

ec

Ja

nF

eb

Mar

Apr

May

Ju

ne

Ju

lyA

ug

Sep

Oct

No

vD

ec

Ja

nF

eb

Mar

Apr

May

Ju

ne

Ju

lyA

ug

Sep

Oct

No

vD

ec

Ja

nF

eb

Mar

Apr

May

Ju

ne

Ju

lyA

ug

Sep

Oct

No

v

6.56%

7.36%


December 2018

Main Interest Rates Evolution

Retail Lending

Weighted average interest rates on retail loans with maturity less than 1 year

Weighed average interest rates on retail loans with maturity from 1 to 3 years

Retail Funding

Average maximum interest rate on RUB retail deposits of top 10 banks*

Weighted average interest rates for RUB deposits with maturity above 1 year

* Value as at the third ten-day period of each month.

Source: Bank of Russia cbr.ru

10

Full Cost of Loan Evolution


Average Market Full Cost of Loan — Credit Card

The limits of full cost of loans for 4Q 2018 is estimated by the increase of average market

rate of full cost of loan for 2Q 2018 by one third.

The limits of full cost of loans for 1Q 2019 is estimated by the increase of average market

rate of full cost of loan for 3Q 2018 by one third.

25.0%

24.4%

21.3%

20.3%

14.7%

18.7%

18.8%

18.0%

16.2%

12.2%

24.9%

15.0%

13.7%

18.2%

15.0%

18.5%

13.2%

17.8%

2014 2015 2016 2018

2014 20162017 2018

Average Market Full Cost of Loan — POS Loans

Average Market Full Cost of Loan — General Purpose (Cash) Loans

2014 2015 2016 2017 2018

2017


December 2018

2015

11%

13%

15%

17%

19%

21%

23%

25%

27%

29%

31%

33%

35%

37%

39%

41%

43%

4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

till 1 year and up to 30 RUB ths

till 1 year and from 30 to 100RUB ths


till 1 year and above 300 RUBths

above 1 year and up to 30 RUBths

above 1 year and from 30 to 100RUB ths

above 1 year and from 100 to300 RUB ths

above 1 year and above 300RUB ths

12%14%16%18%20%22%24%26%28%30%32%34%36%38%40%42%44%46%48%50%


till 1 year and up to 30 RUB ths


till 1 year and above 100 RUBths

above 1 year and up to 30 RUBths

above 1 year and from 30 to 100RUB ths

above 1 year and above 100RUB ths

16%

18%

20%

22%

24%

26%

28%

30%

32%


up to 30 RUR ths

from 30 to 100 RUR ths

from 100 to 300 RUR ths

above 300 RUR ths

№ Bank name

Gross portfolio

of retail loans

as at

01.11.2018,

RUB bn

Market

share, %

Change in

ranking for

the last 12

months

Growth rate for 12 months

1 Sberbank of Russia 5 997.4 41.60% ─

2 VTB Bank 2 456.0 17.04% ─

3 Gazprombank 465.0 3.23% ─

4 Alfa-Bank 426.3 2.96% ▲1

5 Rosselkhozbank 419.1 2.91% 1

6 Post Bank 286.1 1.98% ▲1

7 Raiffeisenbank 267.2 1.85% 1

8 Tinkoff Bank 201.9 1.40% ▲1

9 Home Credit 194.8 1.35% 1

10 Sovcombank 174.0 1.21% ▲4

11 DeltaCredit 155.6 1.08% ▲1

12 UniCredit Bank 148.5 1.03% ▲1

13 Rosbank 143.7 1.00% 3

14 Renaissance Credit 138.9 0.96% ▲5

15 Bank Otkritie FC 130.2 0.90% ▲3

16 Uralsib 128.3 0.89% ▲4

17 Rusfinance Bank 119.5 0.83% ─

18 Cetelem Bank 118.8 0.82% 2

19 Russian Standard 116.6 0.81% 8

20 Orient Express 114.2 0.79% 5

21 Promsvyazbank 107.9 0.75% ▲1

22 Credit bank of Moscow 107.3 0.74% 1

23 Sviaz-Bank 86.6 0.60% ─

24 Bank "Saint-Petersburg" 85.8 0.60% ▲1

25 Trust 79.5 0.55% 1

26 Absolut Bank 76.0 0.53% ▲3

27 OTP Bank 74.2 0.52% 1

28 Vozrozhdenie 68.7 0.48% ▲1

29 Credit Europe Bank 68.4 0.47% ▲1

30 AK Bars 60.1 0.42% ▲3

Total market 14 416.0

11

Gross portfolios of the banks presented in this table are calculated as sum of accounts from CBR form 101: 45502—45509, 45701—45708, 45815, 45817.


26.5%

21.7%

32.6%

54.9%

20.7%

55.4%

23.2%

33.6%

16.3%

42.1%

16.8%

13.3%

5.3%

30.2%

20.7%

22.5%

8.3%

6.5%

-13.3%

-3.8%

13.9%

7.6%

0.1%

21.7%

-7.4%

32.9%

6.3%

19.8%

29.7%

25.9%


December 2018

22.1%

Leading Banks in Retail Lending (1/2)

Top 30 Banks by Gross Portfolio as at 01.11.2018

• Three leading financial institutions by positive growth rate of their retail loan gross portfolios for the last 12

months (from 01.11.2017 till 01.11.2018) are as follows: Post Bank +55.4% [+RUB 102.0 bn], Alfa-Bank

+54.9% [+RUB 151.0 bn], and Sovcombank +42.1% [+RUB 51.6 bn]

• Three leading financial institutions by negative growth rate of their retail loan gross portfolios for the last

12 months (from 01.11.2017 till 01.11.2018) are as follows: Russian Standard –13.3% [–RUB 17.8 bn],

Trust –7.4% [–RUB 6.3 bn], and Orient Express –3.8% [–RUB 4.5 bn]

12

№ Bank name

Absolute increase

in gross portfolios

from 01.08.2018

till 01.11.2018,

RUB bn

Change in

ranking*Growth rate from 01.08.2018 till 01.11.2018

1 Credit Europe Bank +8.9 ▲16

2 Bank Otkritie FC +16.7 ▲5

3 Alfa-Bank +51.2 2

4 Sovcombank +17.6 ─

5 Tinkoff Bank +20.3 ─

6 Post Bank +26.7 4

7 Vozrozhdenie +6.1 ▲3

8 Promsvyazbank +8.8 ▲12

9 AK Bars +4.2 ▲3

10 Credit bank of Moscow +7.0 ▲11

11 Sberbank of Russia +379.1 ─

12 VTB Bank +151.3 ▲2

13 Gazprombank +27.6 4

14 DeltaCredit +8.8 ▲14

15 Renaissance Credit +7.1 9

16 Absolut Bank +3.5 13

17 Rosbank +6.0 ▲5

18 Rusfinance Bank +4.9 ▲7

19 Uralsib +5.1 6

20 Bank "Saint-Petersburg" +3.4 4

21 OTP Bank +2.7 ▲9

22 Rosselkhozbank +13.9 7

23 Russian Standard +3.7 ▲3

24 Home Credit +5.4 ─

25 Cetelem Bank +3.0 ▲2

26 UniCredit Bank +3.7 7

27 Raiffeisenbank +4.6 19

28 Orient Express +1.5 10

29 Sviaz-Bank –0.2 ─

30 Trust –2.2 7

Total market +855.3

15.0%

14.7%

13.7%

11.2%

11.1%

10.3%

9.7%

8.8%

7.6%

6.9%

6.7%

6.6%

6.3%

6.0%

5.4%

4.8%

4.4%

4.3%

4.1%

4.1%

3.7%

3.4%

3.3%

2.9%

2.6%

2.6%

1.7%

1.4%

‒0.2%

‒2.7%


December 2018

6.3%

Leading Banks in Retail Lending (2/2)

Gross Portfolio Growth Rates from 01.08.2018 till 01.11.2018

• The most significant increase in the growth rate (or decrease in the negative growth rate) of retail loan gross

portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Credit Europe Bank

— from +5.2% to +15.0%, OTP Bank — from –2.3% to +3.7%, and Bank Otkritie FC — from +8.7% to +14.7%.

• The most significant decrease in the growth rate (or increase in the negative growth rate) of retail loan gross

portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Raiffeisenbank —

from +8.4% to +1.7%, Absolut Bank — from +10.9% to +4.8%, and Trust — from +2.7% to – 2.7%.

Top 30 banks by gross portfolios as at 01.11.2018, sorted by growth rate (from higher to lower) of their gross portfolios for

the last 3 months.

* As compared to the ranking by growth rate for the previous three months — from 01.05.2018 till 01.08.2018 — made for the same

30 banks.


13

№ Bank name

Gross portfolio as

at 01.11.2018,

RUB bn

Market share,

%

Change in

ranking for 12

months


1 Home Credit 55.0 22.2% ─

2 OTP Bank 32.9 13.3% ─

3 Post Bank 32.1 12.9% ▲2

4 Renaissance Credit 28.0 11.3% 1

5 Rusfinance Bank 20.3 8.2% ▲1

6 MTS bank 15.6 6.3% ▲3

7 Russian Standard 13.1 5.3% ▲1


9 Alfa-Bank 11.1 4.5% 5

10 Orient Express 9.2 3.7% ▲1

11 Tinkoff Bank 8.5 3.4% ▲1

12 Cetelem Bank 8.2 3.3% 5

Total market 248.0

№ Bank name

Absolute growth

of gross portfolios

from 01.08.2018

till 01.11.2018,

RUB bn

Change in



2 Credit Europe Bank +2.9 ─

3 Orient Express +1.4 ─

4 MTS bank +1.9 ─

5 Rusfinance Bank +2.4 ▲3

6 Post Bank +2.7 1

7 OTP Bank +1.9 ▲2

8 Renaissance Credit –0.4 2

9 Home Credit –1.4 ▲1

10 Russian Standard –0.5 3

11 Alfa-Bank –2.5 ─

12 Cetelem Bank –2.0 ─

Total market +9.4

‒0.4%

12.3%

44.3%

6.7%

22.8%

73.6%

28.6%

92.8%

‒57.5%

73.2%

235.8%

‒49.9%

57.8%

32.7%

17.5%

13.8%

13.1%

9.1%

6.1%

‒1.3%

‒2.5%

‒3.8%

‒18.6%

‒19.5%

8.9%

3.9%


December 2018

POS Loan Segment

Top 12 Banks by Gross Portfolios as at 01.11.2018

• Three leaders by highest growth rate of their gross portfolios of POS loans for the last 12 months (from 01.11.2017 till

01.11.2018) are represented by the following banks: Tinkoff Bank +235.8% [+RUB 6.0 bn], Credit Europe Bank +92.8%

[+RUB 5.7 bn], and MTS bank +73.6% [+RUB 6.6 bn].

• Three leaders by lowest growth rate of their POS loan gross portfolios for the last 12 months (from 01.11.2017 till 01.11.2018)

are represented by the following banks: Alfa-Bank –57.5% [–RUB 15.1 bn], Cetelem Bank –49.9% [–RUB 8.2 bn], and Home

Credit –0.4% [–RUB 0.2 bn].


• The most significant increase in the growth rate (or decrease in the negative growth rate) of POS loan gross portfolios in Aug —

Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Tinkoff Bank — from +35.6% to +57.8%, Rusfinance

Bank — from –3.1% to +13.1%, and OTP Bank — from –5.5% to +6.1%.

• The most significant decrease in the growth rate (or increase in the negative growth rate) of POS loan gross portfolios in Aug —

Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Russian Standard — from +0.4% to –3.8%,

Renaissance Credit — from +2.1% to –1.3%, and Alfa-Bank — from –15.6% to –18.6%.

Top 12 banks by gross portfolios as at 01.11.2018, sorted by growth rate (from higher to lower) of their gross portfolios for the last 3 months.

* As compared to the ranking by growth rate for the previous three months — from 01.05.2018 till 01.08.2018 — made for the

same 12 banks.

Source: Frank R.G. frankrg.com

14

№ Bank name

Gross

portfolio of

general

purpose

loans as at

01.11.2018,

RUB bn

Market

share, %

Change in

ranking for

12 months



2 VTB Bank 1 121.4 19.84% ─

3 Post Bank 249.9 4.42% ▲1

4 Alfa-Bank 228.7 4.05% ▲1

5 Rosselkhozbank 181.3 3.21% 2


7 Home Credit 125.1 2.21% ─

8 Raiffeisenbank 120.0 2.12% ─

9 Rosbank 96.6 1.71% ─

10 Renaissance Credit 94.1 1.66% ─

11 Credit bank of Moscow 72.0 1.27% ─


13 Uralsib 52.9 0.94% ▲3

14 Sovcombank 51.1 0.90% ─

15 Unicredit Bank 50.7 0.90% ▲2

16 SKB-bank 50.7 0.90% 4

17 Bank Otkritie FC 48.8 0.86% 2

18 Promsvyazbank 47.7 0.84% ▲2

19 UBRD 42.1 0.75% 1

20 Russian Standard 35.4 0.63% 1

21 Asian-Pacific Bank 34.0 0.60% ─

22 Tinkoff Bank 26.1 0.46% ▲8


24 Citibank 23.8 0.42% 1

25 B&N Bank 23.5 0.41% 3

26 Locko-Bank 23.1 0.41% ▲3

27 RNCB 21.2 0.38% ▲1

28 Center-invest Bank 20.8 0.37% 4

29 Vozrozhdenie 19.9 0.35% 2

30 Rossiysky Capital 19.6 0.35% 4


28.9%

23.6%

50.3%

69.5%

1.7%

23.3%

26.1%

27.1%

32.5%

35.6%

6.8%

21.8%

13.3%

-0.5%

16.6%

-18.2%

3.6%

25.4%

5.4%

-10.4%

-0.4%

32.6%

-3.3%

-18.3%

44.3%

1.8%

18.8%

12.1%

328.2%

208.9%


December 2018

24.6%

General Purpose (Cash) Loan Segment (1/2)


• Three leaders by highest growth rate of their general purpose loan gross portfolios for the last 12

months (from 01.11.2017 till 01.11.2018) are represented by the following banks: Tinkoff Bank

+328.2% [+RUB 20.0 bn], Locko-Bank +208.9% [+RUB 15.6 bn], and Alfa-Bank +69.5%

[+RUB 93.8 bn]

• Top 3 leaders by lowest growth rate of their general purpose loan gross portfolios for the last 12

months (from 01.11.2017 till 01.11.2018) are represented by the following banks: B&N Bank –18.3%

[–RUB 5.2 bn], SKB-bank –18.2% [–RUB 11.3 bn], and Russian Standard –10.4% [–RUB 4.1 bn].


15

№ Bank name

Absolute growth

of gross

portfolios from

01.08.2018

till 01.11.2018,

RUB bn

Change in



2 Locko-Bank +5.5 ─

3 Bank Otkritie FC +11.4 ▲8

4 Russian Standard +5.5 1

5 Alfa-Bank +26.9 1

6 RNCB +2.3 ▲1

7 Rossiysky Capital +2.1 ▲20


9 VTB Bank +105.8 ▲10

10 Rosbank +8.7 ▲2

11 Post Bank +22.1 5

12 Credit bank of Moscow +5.5 ▲10


14 Sberbank of Russia +126.0 5


16 Gazprombank +7.5 ─

17 Orient Express +3.3 ▲1

18 Uralsib +2.6 1

19 Home Credit +6.0 4

20 Bank "Saint-Petersburg" +1.0 15

21 Sovcombank +1.6 1

22 UBRD +1.3 ▲1

23 Asian-Pacific Bank +0.9 ▲3

24 Citibank +0.6 ▲1


26 Center-invest Bank +0.5 ▲2

27 Unicredit Bank +0.6 6

28 Rosselkhozbank –0.1 4

29 B&N Bank –0.1 ▲1

30 SKB-bank –6.5 1

Total market +402.5

41.7%

31.0%

30.3%

18.3%

13.3%

12.1%

12.0%

10.4%

10.4%

9.9%

9.7%

8.3%

7.8%

7.3%

6.9%

6.1%

5.2%

5.2%

5.0%

3.9%

3.3%

3.3%

2.7%

2.7%

2.5%

2.3%

1.2%

‒0.1%

‒0.5%

‒11.3%


December 2018

7.7%

General Purpose (Cash) Loan Segment (2/2)


• The most significant increase in the growth rate (or decrease in the negative growth rate) of general purpose loan

gross portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Bank Otkritie FC

— from +9.1% to +30.3%, B&N Bank — from –15.5% to –0.5%, and Rossiysky Capital — from +0.4% to +12.0%.

• The most significant decrease in the growth rate (or increase in the negative growth rate) of general purpose loan

gross portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Russian

Standard — from +31.8% to +18.3%, Locko-Bank — from +42.0% to +31.0%, and Alfa-Bank — from +23.7% to

+13.3%.

Top 30 banks by gross portfolios as at 01.11.2018, sorted by (higher to lower) the growth rate of their gross portfolios for

the last 3 months


30 banks.


16

№ Bank name

Gross

portfolio of

credit cards

as at

01.11.2018,

RUB bn

Market

share, %

Change in

ranking for

12 months


1 Sberbank of Russia 630.2 43.76% ─

2 Tinkoff Bank 169.6 11.77% ─

3 Alfa-Bank 160.8 11.17% ▲1

4 VTB Bank 112.4 7.81% 1

5 Russian Standard 67.1 4.66% ─

6 OTP Bank 27.2 1.89% ▲1

7 Citibank 26.3 1.82% 1


9 B&N Bank 19.6 1.36% 1

10 Raiffeisenbank 17.4 1.21% ▲1

11 Home Credit 16.0 1.11% ▲1

12 Credit Europe Bank 15.2 1.06% 2

13 Post Bank 14.9 1.04% ▲1

14 Sovcombank 14.4 1.00% ▲5

15 Rosbank 13.9 0.97% 2


17 MTS bank 10.6 0.74% 2

18 UniCredit Bank 8.8 0.61% 2

19 Uralsib 5.7 0.40% ▲1

20 Gazprombank 5.1 0.36% ▲3

21 Asian-Pacific Bank 4.9 0.34% ─


23 QIWI Bank 4.8 0.33% ▲7

24 Credit bank of Moscow 4.1 0.29% ─

25 UBRD 3.8 0.27% ▲1

26 RNCB 3.5 0.24% ▲3

27 Rosselkhozbank 3.4 0.23% ▲1

28 Avangard 3.3 0.23% 3

29 Rosgosstrakh Bank 3.3 0.23% 7

30 Promsvyazbank 2.9 0.20% 3


14.7%

21.6%

50.6%

-2.9%

-23.2%

9.4%

0.0%

5.0%

-19.2%

5.9%

0.4%

-19.2%

46.2%

70.4%

1.2%

48.4%

6.6%

-8.7%

-22.0%

1.4%

-8.8%

-42.7%

461.8%

-5.8%

0.0%

169.8%

25.2%

-15.0%

-36.6%

-18.6%


December 2018

10.3%

Credit Card Segment (1/2)


• Three leaders by highest growth rate of their gross portfolios of credit cards for the last 12 months

(from 01.11.2017 till 01.11.2018) are represented by the following banks: QIWI Bank +461.8%

[+RUB 3.9 bn], RNCB +169.8% [+RUB 2.2 bn], and Sovcombank +70.4% [+RUB 5.9 bn]

• Three 3 leaders by lowest growth rate of their gross portfolios of credit cards for the last 12 months

(from 01.11.2017 till 01.11.2018) are represented by the following banks: Bank Otkritie FC –42.7%

[–RUB 3.6 bn], Rosgosstrakh Bank –36.6% [–RUB 1.9 bn], and Russian Standard –23.2%

[–RUB 20.3 bn]


17

№ Bank name

Absolute growth

of gross

portfolios from

01.08.2018

till 01.11.2018,

RUB bn

Change in


1 Sovcombank +3.8 ▲2

2 QIWI Bank +1.0 ─

3 RNCB +0.7 2

4 Alfa-Bank +19.9 ▲3

5 Gazprombank +0.5 ▲18

6 Post Bank +1.3 1


8 Sberbank of Russia +38.9 ▲3


10 Tinkoff Bank +10.3 1


12 Rosbank +0.7 ▲4

13 OTP Bank +1.1 ─


15 MTS bank +0.3 7

16 Home Credit +0.4 ▲2

17 UniCredit Bank +0.1 5

18 Citibank +0.3 4

19 Credit Europe Bank +0.1 ▲8

20 Credit bank of Moscow 0.0 5

21 VTB Bank +0.4 ─

22 Bank Otkritie FC 0.0 ▲8

23 UBRD 0.0 4

24 Asian-Pacific Bank 0.0 2

25 Uralsib –0.1 5

26 Russian Standard –1.2 ▲3

27 Avangard –0.1 2

28 Promsvyazbank –0.2 4

29 Rosgosstrakh Bank –0.3 1

30 B&N Bank –1.7 4

Total market +74.1

36.0%

26.1%

22.8%

14.1%

11.9%

9.6%

8.3%

6.6%

6.5%

6.5%

5.7%

5.0%

4.4%

3.3%

3.3%

2.9%

1.5%

1.0%

1.0%

0.5%

0.3%

0.1%

‒0.0%

‒0.4%

‒1.1%

‒1.8%

‒3.4%

‒6.1%

‒7.5%

‒7.8%


December 2018

5.4%

Credit Card Segment (2/2)


• The most significant increase in the growth rate (or decrease in the negative growth rate) of credit card gross

portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Bank Otkritie FC

— from –46.7% to +0.1%, Sovcombank — from +14.5% to +36.0%, and Gazprombank — from –2.2% to

+11.9%.

• The most significant decrease in the growth rate (or increase in the negative growth rate) of credit card gross

portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: RNCB — from

+39.0% to +22.8%, QIWI Bank — from +38.4% to +26.1%, and Renaissance Credit — from +13.1% to +6.5%.

Top 30 banks by gross portfolios as at 01.11.2018, sorted by (higher to lower) growth rates gross portfolios for the last 3

months


30 banks.


18

№ Bank name

Gross

portfolio of

term deposits

as at

01.11.2018,

RUB bn

Market

share, %

Change in

ranking for

12 months



2 VTB Bank 2 709.8 12.93% ─

3 Rosselkhozbank 891.3 4.25% ─


5 B&N Bank 373.9 1.78% ▲1

6 Alfa-Bank 358.5 1.71% ▲1

7 Bank Otkritie FC 353.0 1.68% ▲2

8 Credit bank of Moscow 324.0 1.55% ▲3

9 Promsvyazbank 320.3 1.53% 1

10 Sovcombank 307.4 1.47% ─

11 Post Bank 187.6 0.90% ▲16

12 Moscow Industrial bank 179.0 0.85% ─




16 UBRD 141.1 0.67% ▲2


18 UniCredit Bank 139.8 0.67% ▲1

19 Home Credit 138.3 0.66% ▲1

20 SMP Bank 137.1 0.65% 7

21 Rosbank 131.1 0.63% 7

22 Uralsib 106.6 0.51% ▲1



25 Mosoblbank 102.0 0.49% ▲1

26 AK Bars 99.5 0.47% ▲2

27 Absolut Bank 98.9 0.47% ▲3

28 Tinkoff Bank 94.6 0.45% ▲3

29 Rossiysky Capital 87.1 0.42% 8

30 Bank "Rossiya" 86.4 0.41% ▲9

31 Bank Zenit 72.2 0.34% ▲3

32 Center-invest Bank 66.1 0.32% ▲3

33 RRDB 65.6 0.31% ▲15

34 West Siberian commercial bank 62.8 0.30% ▲2



5.3%

17.1%

22.3%

12.4%

‒17.1%

9.3%

10.0%

25.1%

‒1.7%

15.0%

95.6%

7.4%

13.9%

8.1%

1.3%

1.9%

10.4%

4.0%

5.3%

‒7.3%

‒11.2%

‒14.9%

30.1%

‒14.5%

‒5.0%

9.2%

28.6%

23.3%

‒33.1%

46.9%

4.6%

5.2%

86.2%

3.0%

25.8%


December 2018

5.3%

Leading Banks in Retail Term Deposits (1/2)

Top 35 Banks by Portfolios as at 01.11.2018

• Three leaders by highest growth rate of their retail term deposit portfolios for the last 12 months (from

01.11.2017 till 01.11.2018) are represented by the following banks: Post Bank +95.6% [+RUB 91.7 bn],

RRDB +75.3% [+RUB 30.4 bn], and Bank "Rossiya" +46.9% [+RUB 27.6 bn]

• Three leaders by lowest growth rate of their retail term deposit portfolios for the last 12 months (from

01.11.2017 till 01.11.2018) are represented by the following banks: Rossiysky Capital –33.1% [–RUB 43.1

bn], B&N Bank –17.1% [–RUB 77.3 bn], and Uralsib –14.9% [–RUB 18.7 bn]

Data on retail term deposit portfolios of each bank listed in the table are the result of summing up the values of the following accounts from the CBR form No 101:

423 w/o 42301 and w/o 42309, 426 w/o 42601 and w/o 42609.


19

№ Bank name

Absolute growth

of gross

portfolios from

01.08.2018

till 01.11.2018,

RUB bn

Change in


1 Bank Zenit +11.1 ▲22

2 Post Bank +20.6 ▲7

3 UniCredit Bank +12.7 ▲21

4 Tinkoff Bank +6.3 3

5 Credit Europe Bank +3.6 1



8 Bank "Saint-Petersburg" +8.2 ▲8


10 Absolut Bank +3.4 ▲3

11 Raiffeisenbank +2.0 ▲20

12 Center-invest Bank +1.1 ▲5

13 UBRD +2.1 ▲14

14 Gazprombank +10.4 ▲11


16 Home Credit +1.7 11

17 AK Bars +0.5 3


19 Uralsib +0.5 ─

20 SMP Bank +0.5 14

21 Credit bank of Moscow +1.2 19

22 RRDB +0.1 ▲11

23 Bank Otkritie FC –0.1 ▲7

24 Moscow Industrial bank –0.3 12

25 Alfa-Bank –1.6 7

26 West Siberian commercial bank –0.4 ─

27 VTB Bank –20.8 17

28 Sovcombank –2.5 20

29 Mosoblbank –1.2 18

30 Russian Standard –5.1 8

31 Promsvyazbank –15.3 3

32 Bank "Rossiya" –4.4 ▲3

33 Rosbank –7.3 4

34 B&N Bank –49 2

35 Rossiysky Capital –15.0 1

Total market +44.1

18.2%

12.3%

10.0%

7.1%

6.3%

6.0%

5.6%

5.2%

5.1%

3.6%

2.0%

1.7%

1.5%

1.5%

1.4%

1.2%

0.5%

0.5%

0.5%

0.4%

0.4%

0.1%

‒0.0%

‒0.1%

‒0.5%

‒0.6%

‒0.8%

‒0.8%

‒1.2%

‒3.4%

‒4.6%

‒4.9%

‒5.3%

‒11.8%

‒14.7%

0.2%


December 2018

Leading Banks in Retail Term Deposits (2/2)

Portfolio Growth Rates from 01.08.2018 till 01.11.2018

• The most significant increase in the growth rate (or decrease in the negative growth rate) of retail deposit portfolios in

Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Bank Zenit — from –0.1% to +18.2%,

Bank "Rossiya“ — from –19.8% to –4.9%, and RRDB — from –13.9% to +0.1%.

• The most significant decrease in the growth rate (or increase in the negative growth rate) of retail deposit portfolios in

Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Credit bank of Moscow — from

+10.7% to +0.4%, Sovcombank — from +5.0% to –0.8%, and SMP Bank — from +5.8% to +0.4%.

Top 35 banks by portfolios as at 01.11.2018, sorted by growth rates of their portfolios for the last 3 months (from

higher to lower).


35 banks.


20

№ Bank name

Gross

portfolio of

retail accounts

as at

01.11.2018,

RUB bn

Market

share, %

Change in

ranking for

12 months



2 VTB Bank 845.2 13.81% ─

3 Alfa-Bank 595.8 9.73% ─



6 Rosbank 128.4 2.10% ▲1

7 Citibank 121.8 1.99% 1

8 Tinkoff Bank 110.9 1.81% ▲3

9 UniCredit Bank 87.8 1.43% ─

10 Rosselkhozbank 77.6 1.27% ▲2

11 Post Bank 76.8 1.25% ▲6


13 Promsvyazbank 63.7 1.04% ─

14 Uralsib 49.1 0.80% ─

15 Home Credit 49.0 0.80% ▲1

16 Bank "Saint-Petersburg" 46.7 0.76% 1

17 B&N Bank 28.3 0.46% ▲1

18 RNCB 27.4 0.45% ▲1

19 Sovcombank 23.4 0.38% ▲1


21 OTP Bank 18.4 0.30% ▲3

22 Credit bank of Moscow 18.4 0.30% ▲4

23 Moscow Industrial bank 16.7 0.27% ▲2

24 Orient Express 15.3 0.25% 1

25 AK Bars 14.9 0.24% ▲3


27 UBRD 14.1 0.23% 5

28 MTS bank 13.5 0.22% ▲1

29 Bank "Rossiya" 12.4 0.20% ▲2

30 Avangard 12.4 0.20% ─

31 Rosevrobank 12.1 0.20% ▲3

32 B&N Bank Digital 11.9 0.19% ▲3

33 BCS Bank 10.6 0.17% ─

34 RRDB 10.6 0.17% 2

35 SMP Bank 10.0 0.16% ▲2


31.7%

36.8%

41.8%

33.7%

28.7%

52.9%

20.6%

76.6%

17.1%

24.5%

14.0%

50.7%

18.1%

35.6%

28.1%

14.9%

36.1%

19.0%

22.1%

32.4%

39.6%

24.6%

10.2%

20.9%

11.0%

‒6.3%

23.7%

30.0%

14.4%

39.6%

52.0%

21.9%

13.3%

40.1%

171.1%


December 2018

32.9%

Leading Banks in Retail Current Accounts (1/2)

Top 35 Banks by Portfolios as at 01.11.2018

• Three leaders by highest growth rate of their retail current account portfolios for the last 12 months

(from 01.11.2017 till 01.11.2018) are represented by the following banks: Post Bank +171.1% [+RUB

48.5 bn], Renaissance Credit +78.6% [+RUB 4.2 bn], and Tinkoff Bank +76.6% [+RUB 48.1 bn]

• Decrease of retail current account portfolios for the last 12 months (from 01.11.2017 till 01.11.2018)

was observed only UBRD –6.3% [–RUB 0.9 bn].

Data on retail deposit portfolios of each bank listed in the table are the result of summing up the values of the following accounts from the CBR form No 101:

42301, 42309, 42601, 42609, group of accounts ‘408.2’, 47603, 47605.


21

№ Bank name

Absolute growth

of portfolios

from 01.08.2018

till 01.11.2018,

RUB bn

Change in


1 SMP Bank +2.8 ▲35


3 Post Bank +10.5 ▲1

4 Tinkoff Bank +14.7 ▲5

5 Alfa-Bank +70.4 ▲5

6 Rosevrobank +0.9 ▲9

7 Rosbank +8.9 ▲4

8 MTS bank +0.9 ▲26

9 RNCB +1.1 ▲5

10 OTP Bank +0.5 ▲7

11 Moscow Industrial bank +0.5 ▲20

12 Russian Standard +0.5 ▲6

13 VTB Bank +21.3 ▲3

14 Raiffeisenbank +7.9 ▲11

15 Sovcombank +0.4 15

16 Bank "Saint-Petersburg" +0.3 ▲8

17 AK Bars +0.1 7


19 BCS Bank +0.0 12

20 B&N Bank Digital –0.1 ▲7

21 Avangard –0.1 ▲1

22 Home Credit –0.9 ▲7

23 Uralsib –1.5 ▲9

24 UniCredit Bank –2.8 ▲6

25 Orient Express –0.6 4

26 Bank "Rossiya" –0.5 14

27 Rosselkhozbank –3.2 14

28 B&N Bank –1.6 ▲5

29 Vozrozhdenie –1.0 10

30 Gazprombank –14.8 7

31 RRDB –1.2 25

32 UBRD –1.9 6

33 Bank Otkritie FC –11.1 5

34 Credit bank of Moscow –3.2 30

35 Citibank –51.8 34

Total market +75.0


December 2018

Leading Banks in Retail Current Accounts (2/2)

Portfolio Growth Rates from 01.08.2018 till 01.11.2018

• The most significant increase in the growth rate (or decrease in the negative growth rate) of retail account

portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: SMP Bank —

from – 31.3% to +39.5%, MTS bank — from –11.1% to +7.5%, and Tinkoff Bank — from +10.7% to +15.3%.

• The most significant decrease in the growth rate (or increase in the negative growth rate) of retail account

portfolios in Aug — Oct 2018 vs. May — July 2018 was demonstrated by the following banks: Citibank — from

+50.8% to –29.8%, Sovcombank — from +75.4% to +1.9% and Credit bank of Moscow — from +28.4% to –

14.7%.

Top 35 banks by portfolios as at 01.11.2018, sorted by growth rates of their portfolios for the last 3 months (from

higher to lower).


35 banks.


39.5%

18.6%

15.8%

15.3%

13.4%

7.9%

7.5%

7.5%

4.0%

3.0%

2.9%

2.6%

2.6%

2.5%

1.9%

0.6%

0.4%

0.2%

‒0.4%

‒0.6%

‒1.0%

‒1.9%

‒2.9%

‒3.0%

‒3.8%

‒3.9%

‒4.0%

‒5.3%

‒6.5%

‒9.5%

‒10.1%

‒11.6%‒13.1%

‒14.7%

‒29.8%

1.2%

Macroeconomic Review and Retail Banking Market Analysis

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