Figures
Orient Express Bank is one of the biggest financial institutions on retail Russian market. The Bank actively develops new territories providing its customers with high-quality bank services and unique financial products.
The credit rating
In May, 2009 Moody's has proved Orient Express Bank B3/NP/E+ (Russia) rating and changed the outlook from positive to stable. To look though the latest Credit Opinion of the Rating Agency, please click here.
Orient Express Bank has been also assigned the "BB+" credit rating by Russian rating agency "RusRating", stable outlook (as of June 08, 2010) and "A" credit rating by rating agency "Expert.RA" (on February 01, 2010).
Key Financial Parameters*
Financial results ORIENT EXPRESS Bank in 2005—2008 (IFRS), in 000' RUR |
2009 |
2008 |
2007 |
2006 |
|---|---|---|---|---|
Net Interest Income |
3,899,418 |
3,786,919 |
2,217,333 |
716,134 |
Result on sale of loans |
(103,325) |
393,368 |
1,756,178 |
1,379,822 |
Net Fee and Commission income |
2,061,663 |
2,217,368 |
1,102,763 |
756,539 |
Operating income |
3,962,923 |
5,184,661 |
4,255,708 |
2,546,029 |
Profit before Taxation |
41,696 |
1,194,448 |
1,584,045 |
1,239,215 |
Net Profit for the period |
89,360 |
849,197 |
1,173,649 |
910,613 |
Customers Accounts |
41,108,572 |
18,453,400 |
11,828,309 |
5,735,026 |
Total Assets |
52,424,376 |
34,109,301 |
25,234,421 |
9,548,532 |
Total Liabilities |
44,803,893 |
28,391,002 |
22,542,558 |
8,030,318 |
Loans and advances to customers |
35,026,070 |
23,226,207 |
18,398,007 |
5,642,312 |
Total shareholders' equity |
7,620,483 |
5,718,299 |
2,691,863 |
1,518,214 |
* The consolidated financial statements prepared in accordance with International Financial Reporting Standards
Loan Portfolio
As of 01.01.10 the volume of disbursed loans to individuals amounted to 35 billion Roubles (about 1.2 million US Dollars), in comparison with about 23 billion Roubles at the end of 2008. The estimated fair value of collateral taken (cars, mortgage, property and stock) to secure the Group's* loan portfolio amounted to RUB 10,284,417 (at 31 December 2008: RUB 6,540,769). The Group also accepted other collateral with estimated value of RUB 16,991,234 (at 31 December 2008: RUB 5,333,851) to secure loans issued. Considering development of retail loan operations as a priority, the Bank per 2006-2009 increased its portfolio of retail credits in 6 times.
* - the Financial Statements of Orient Express Bank were consolidated with OJSC "KAMABANK" and Orient Express Finance Limited.
Dynamics of consumer loan portfolio per 2006-2009
The consolidated financial statements prepared in accordance with International Financial Reporting Standards According to "RosBusinessConsulting" ratings, in 2009 Orient Express Bank has entered into the first ten (the 7th place) Russian credit organizations in terms of unsecured loan portfolio loan value. Orient Express Bank is one of the leaders on the Russian consumer lending market.
Volume of disbursed unsecured retail loans in 2009*
* according to RosBusinessConsulting (www.rbc.ru)
Deposit Accounts
Orient Express Bank's resources are formed greatly with individual deposits; on January 01, 2010 Deposit Portfolio has made up 41 billion Roubles (according to latest consolidated audited IFRS). The volume of term deposits is represented by 76.2 % and current accounts by 12.9% of consumer deposits portfolio.
Volume of Customer Deposit Accounts*
* Source: IFRS 2009YE (audited)
Targets
The Bank plans to continue its rapid growth through:
- M&A activity;
- Net development (new regions);
- IT projects elaboration.
