Active in the financial market since 1993, Otkritie Bank is the largest privately-owned bank in Russia, and ranks fourth among all Russian banking groups by assets1.
As at 31 December 2016, the Bank and its subsidiaries had a total of RUB 2,702.7 billion (IFRS) in assets, while the Bank’s equity was RUB 232.0 billion (IFRS).
Otkritie is a full-service commercial bank benefiting from a resilient, diversified business structure and efficient equity management. The Bank focuses on four key business segments: retail banking, corporate and investment banking, SMEs, and private banking. Otkritie prioritises the development of high-tech services: its Rocketbank offers online-only solutions for individuals, and Tochka provides online-only banking services for corporate customers.
Otkritie Bank was formed through the integration of more than ten banks of various sizes, including major national institutions such as NOMOS-BANK, Khanty-Mansiysk Bank and Petrocommerce Bank.
Otkritie Bank’s sound credit rating is recognised by Standard & Poor’s (B+) and Moody’s (Ba3).
Otkritie Bank is one of the ten systemically important credit institutions according to the Russian Central Bank, and was named among the world’s major companies by Forbes Global 2000.
The Bank’s client base comprises more than 29,000 corporations, about 218,000 SMEs and 3.6 million individual customers (including private banking clients). Its 412 offices with varying functionality spread across 54 Russian regions of economic importance. The Bank’s business is mostly concentrated in Moscow, Saint Petersburg, the Tyumen Region (including the Khanty-Mansi Autonomous District), Yekaterinburg, the Novosibirsk Region, the Khabarovsk Region, and the Volgograd Region.
Otkritie Bank’s principal shareholder is Otkritie Holding with a 65.28% stake. Otkritie Holding is beneficially owned by Vadim Belyaev, IFD Kapital Group, VTB Bank, IST Holding, Ruben Aganbegyan, and Alexander Mamut. The Bank’s securities are publicly traded at the Moscow Exchange. Ruben Aganbegyan chairs the Supervisory Board of Otkritie Bank; and Evgeny Dankevich is the Chairman of the Management Board.
Otkritie Bank takes an active part in the implementation of various social projects by supporting sciences (Polytechnic Museum), education (Lomonosov Moscow State University, European University at Saint Petersburg), culture (support to the Maly Theatre and collaboration with Yuri Norshtein, author of The Hedgehog in the Fog cartoon), healthcare (VERA Hospice Charity Foundation), and sports (strategic partnership with the Spartak Moscow Football Club and the Ugra Ski Marathon).
|Balance sheet items|
|Gross customer loans||1,825,226||2,657,058||1,937,478|
|Income statement items|
|Net interest income||65,605||49,918||34,796|
|Net fee and commission income||13,192||11,658||12,863|
|Profitability & efficiency metrics (%)|
|Net fee & commission income/Total revenue||19.7||11.7||15.2|
|Liquidity ratios (%)|
|Net loans/Customer deposits3||127.7||100.9||92.7|
|Net loans/Total assets||68.8||76.3||67.7|
|Asset quality ratios (%)|
|Cost of risk||2.4||4||3.3|
|Capitalisation ratios (%)|
|Tier 1 ratio||8.3||10.6||12.3|
|Total capital ratio||12.4||15.7||17.6|
2 Including promissory notes to clients
3 Including promissory notes to clients, excluding jumbo REPO transactions