2 established in 1990 19 years in the russian financial market ojsc “chelindbank” – the major...
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2Established in 1990 1 9 years in the Russian Financial Market
OJSC “CHELINDBANK” – the major universal bank in the Chelyabinsk region
Since 1996 – the principal member of VISA INTERNATIONAL A professional participant of the securities market Joint projects with EBRD Participant No 1 of the Deposit Insurance System
Customer base – more than 17,7 thousand of legal entities and entrepreneurs, 580 thousand of individuals The amount of issued VISA cards – 329 thousand. Customer service network – app. 56 of structural units in the Chelyabinsk Region, a branch in Yekaterinburg, representative office in Moscow, 135 ATMs
Activity Key Figures as of January 1st, 2010
Assets - 25,5 billion rubles Ratios: Customer loans- 13,0 billion rubles Capital adequacy ratio (N1) - 23,3% (min 10%) Individual Deposits – 12,6 billion rubles Quick liquidity ratio (N2) - 52,8 % (min 15%) Enterprise assets - 4,8 billion rubles Current liquidity ratio (N3) - 86,3 % (min 50%)
Capital – 4,6 billion rubles Long-term liquidity ratio (N4) - 56,1 % (max 120%)
Financial Statements IFRS FS – PriceWaterhouseCoopersaudit RFRS - PeterburgBankAudit (since 1995)
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MISSION
We are the major universal bank in the Urals Region.
We create and maintain the customer base and establish mutually beneficial relations with customers.
We feel committed to participate in spheres of activities of our customers providing them with the wide range of banking services meeting their requirements and complying with the international banking practice and standards.
We ensure absolute fulfillment of all obligations undertaken to our partners and gaining profit to our shareholders.
We conduct our business open for customers and shareholders in strict compliance with the Russian laws based on corporate management standards, fair competition, updated IT solutions and high professional level of the Bank executives and staff.
We reward our employees according to the contribution of each to the Bank results achieved.
We regard social demands with attention and together with local authorities aim at participating in promotion of social projects for the benefit of the society, growth and improvement of economy of the Chelyabinsk Region.
Licenses
CHELINDBANK has the following licenses:• The General Banking License №485 dated 16/09/2002 issued by the Central Bank of Russia• The License on Banking Operations with Precious Metals № 485 от 16/09/2002• The Licenses entitling the Bank to operate as a professional participant of the securities market • The FSS (Federal Security Service) License entitling the Bank to work with means for cryptographic protection of information
The Bank belongs to the 26 Russian credit institutions that were the first to join the Obligatory Deposit Insurance System. State corporation “Deposit Insurance Agency” included OJSC “CHELINDBANK” into the register of participants of the Obligatory Deposit Insurance System under No1.
Participation in associations and unions:• Regional Banks Association “Russia”• Russian Banks Association• Principal member of VISA International Association (since 1996 года); has regional acquiring license of VISA International (since 2003)• Bills Market Members Association• Association of Industrial Enterprises and Banks of Chelyabinsk Region• South Urals Chamber of Commerce• SWIFT member
Participation in Exchanges:• Member of the Urals Regional Currency exchange (г. Yekaterinburg)• Member of Government Securities and Currency sections of Moscow Interbank Currency Exchange (Moscow)• Member of Stock Exchange of Moscow Interbank Currency Exchange (Moscow)• Member of Currency section of Siberian Interbank Currency Exchange (Novosibirsk)
4
5
Branch Network
CHELINDBANK has 28 branches, 17 outlets and 10 operational cash desks on the territory of the Chelyabinsk region and a branch in Yekaterinburg.
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Ratings
CHELINDBANK is a major universal Russian regional bank. The main activity region of the Bank is the Chelyabinsk Region. According to the ranking of the “Interfax-100” as for the results of Q309 CHELINDBANK is ranked as the 102nd by assets and as the 77th by ownership capital among the major Russian banks.
Based on “RosBusinessConsulting” agency data according to the results of October 1st, 2009 among 1000 Russian universal commercial banks CHELINDBANK holds:
• 51-st position by personal savings• 75-th position by the volume of retail credit portfolio • 79-th position by the deposit portfolio• 92-nd position by the credit portfolio
According to the rating of "Expert-Urals" magazine as at October 01, 2009 CHELINDBANK is ranked as the 6th in the Urals region by the volume of retail deposits and as 8th by consumer loan portfolio, as the 7th by assets, as the 6th by corporate loan portfolio, as the 6th by corporate customer current accounts.
Fitch Ratings, belonging to the three leading international rating agencies, assigned CHELINDBANK Long-term Issuer Default (IDR) «В-» (B minus), Outlook “Stable”, National Long-term «ВВ+(rus)». CHELINDBANK is the first bank of the Chelyabinsk region to get ratings according to the international scale.
As at January 01, 2010: Shareholders’ Capital – 809 mln.rubles Capital – 4,6 billion rubles Assets – 25,5 billion rubles
Assets, Capital, Shareholders’ capital
7
17 486
2 676
600
20 381
3 093
809
22 920
3 496
809
25 463
4 617
809
0
5 000
10 000
15 000
20 000
25 000
30 000m
ln.R
UR
01.01.07. 01.01.08. 01.01.09. 01.01.10.
Dynamics of Assets, Capital and Shareholders' Capital
Assets, mln RUR Capital, mln RUR Shareholders' capital, mln RUR
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Customer services
Services to corporate customers
Retail Banking Foreign exchange transactions and services
Bank cards services
• Cash and settlement services• Deposit operations• Lending• Guarantee operations• International settlements• Service of customers’ foreign economic activity• Salary projects• Issue and discount of bills• Collection• Remote banking service systems: «Client+Bank», «Telephone+Bank», «Client+Bank Online»• Securities market services• Operations with precious metals coins and bullions• Safe custody• Issue and service of corporate bank cards• Leasing
• Deposits in rubles and foreign currency• Lending• Issue and service of VISA cards• Transfers in rubles and foreign currrency (including Western Union, Migom, SWIFT operations,BLIZKO)• Foreign exchange purchase and sale operations• Individual payments to organizations for rendered services• Payments and other banking services provided via mobile phones to VISA card owners• Remote banking service systems: “Telephone+Bank”, “Client+Bank Online” • Operations with precious metals coins and bullions• Safe custody• Securities operations• Issue and discount of bills
• Foreign settlements in all forms internationally accepted: transfer, letter of credit, collection by SWIFT• Bank guarantees and confirmation of L/C by the first-class European and American banks with or without coverage• Individual foreign currency transfers without opening a current foreign currency account (including Western Union)• Foreign exchange transactions• Purchase and sale of foreign currency• Foreign exchange control• Transactions with currency with restricted convertibility
• Issue and servicing VISA Gold, VISA Classic, VISA Electron, • Acquiring in VISA system• Issue and servicing corporate local settlement system cards including “Bon Appetit” cards, co-branding cards • Corporate cards issue and handling• Regular payments from card accounts• Loans to cardholders
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Corporate banking
CHELINDBANK renders services to corporate customers of different industries, patterns of ownership and scope of activity. The Bank corporate customers are defense enterprises, enterprises of ferrous and non-ferrous industry, chemical industry, machinery manufacturing, food industry, travel agencies and trading companies etc.
Our customers are: FGUP PA «Mayak» CJSC «Unichel» Footwear companyFGUP «RFYAC-VNIITF» Grains and Bread Products company n.a. GrigorovichJSC «Chelyabinsk Zinc Plant» OJSC «Chelyabvtormet»JSC «Ufaleynickel» “Pokrovsky Passage” Chain Store systemJSC «Ashinsky Metallurgical Plant»
4 940
1 308
5 727
1 162
6 524
1 633
4 755
784
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
мл
н. р
уб.
01.01.07. 01.01.08. 01.01.09. 01.01.10.
Corporate funds
Corporate funds including corporate deposits
7 615
1 462
8 579
1 640
10 086
1 658
8 743
1 126
0
2 000
4 000
6 000
8 000
10 000
12 000
млн
. руб
.
01.01.07. 01.01.08. 01.01.09. 01.01.10.
Corporate loans
Corporate loans including sole proprietors
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Cooperation with the EBRD The Bank has been dealing with small and medium business lending under the EBRD program for more than six years. As at 01.01.2010 the EBRD has provided CHELINDBANK with a 1,9 mln. USD and 260 mln. rubles loans for small business development. The Head office and 29 branches are taking part in the program. As at January 01, 2010 CHELINDBANK has granted approximately 4,2 thousand of small and micro loans for the total amount of 1,6 billion RUR.
Since 2002 CHELINDBANK enjoys the facilities of the EBRD Trade Finance Program enabling the Bank to work with over 700 world leading finance institutions having similar agreements with the EBRD.
In September 2006, the Bank and the EBRD entered into a loan agreement for mortgage financing. According to the terms of the Agreement the EBRD provides the Bank with the loan of 140 mln RUR for 7 years.
1 439
1 706
1 883
1606
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2 000
мm
ln.R
UR
01.01.07. 01.01.08. 01.01.09. 01.01.10.
SME loans
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Retail Banking
The Bank offers its customers consumer loans, auto loans, mortgage loans, lending within the frameworks of salary projects.
As at 01.0.10 total amount of granted retail credits comprised 3,7 billion rubles. The Bank has granted approximately 60 thousand of loans.
Retail service development is one of the Bank’s priorities.
The Bank offers a wide range of time deposits, that makes possible different variants of depositing and saving individual funds.
As at 01.01.10 total amount of attracted individual funds comprised approximately 12,6 billion rubles.
3 401
4 491
5 427
3 737
0
1 000
2 000
3 000
4 000
5 000
6 000
mln
RU
R
01.01.07. 01.01.08. 01.01.09. 01.01.10.
Individual loans Dynamics
Individual loans dynamics
5 686
1 258
7 644 7 563
1 699
9 652
8 253
1 613
10 29410 562
1 664
12 618
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
млн.
руб.
01.01.07. 01.01.08. 01.01.09. 01.01.10.
Individual funds
Individual time deposits Card account funds Total individual funds
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Operations with bank cards
As at 01.01.2010 the amount of VISA cards holders comprised more than 309 thousand.
In Chelyabinsk and other towns of the Region 137 ATMs and 427 point-of-sale terminals have been installed.
More than 1,8 thousand of agreements for corporate service in the framework of salary projects with the use of bank cards have been signed.
284
299
317
311 309
265
270
275
280
285
290
295
300
305
310
315
320
тыс.
шт.
01.01.07. 01.01.08. 01.01.09. 01.10.09. 01.01.10.
Number of holders of VISA cards issued by Chelindbank
Number of customers, thousand
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CHELINDBANK Assets Structure
CHELINDBANK Liabilities Structure
At 01.01.2010 Assets comprise 25 462,8 mln. RUR:
• Cash & due from Central Bank– 1 950,7 mln. RUR• Due from Banks – 3 208,3 mln. RUR• Securities – 2 821,8 mln. RUR• Customer loans – 13 036,4 mln. RUR• Fixed assets – 3 099,2 mln. RUR• Other assets– 1 346,4 mln. RUR
At 01.01.2010• Due to Banks – 753,3 mln. RUR• Due to corporate customers – 4 755,0 mln. RUR• Individual deposits – 12 618,3 mln. RUR• Securities – 44,7 mln. RUR• Other liabilities – 109,4 mln. RUR• Shareholders’ equity – 4 954,2 mln. RUR• Loss provisions – 2 227,9 mln. RUR
на 1 января 2010 года
Securities11,1%
Due from Banks12,6%
Other assets 5,3%
Cash & due from Central Bank
7,7%
Customer loans51,2%
Fixed assets12,2%
As at January 01, 2009
Cash & due from Central Bank
7,2%Due from Banks
6,8%
Securities
9,1%
Other assets
2,1%
Fixed assets
7,3%
Customer loans
67,5%
As at January 01, 2009
Due to Banks4,1%
Shareholders' equity15,2%
Loss provisions6,3%
Individual deposits44,9%
Securities 0,7%
Other liabilities 0,4%
Due to Corporate customers
28,5%
As at January 01, 2010
Due to Banks
3,0%Loss peov isions
8,7%
Due to Corporate
customers
18,7%
Indiv idual deposits
49,6%
Securities
0,3%
Other liabilities
0,4%
Shareholders'
f unds
19,5%
Financial results RFRS(published reports)
15
Figures 2009 2008
Total assets
Cash and due from Central Bank
Due from banks
Net lending receivables
Securities owned, net
Fixed Assets, intangible and tangible
Other assets
23 370 666
2 093 981
1 310 652
13 505 242
2 799 839
3 478 536
182 416
23 092 923
1 671 733
521 024
15 369 309
2 044 698
3 162 086
368 946
Total liabilities
Amounts owed to banks
Customer funds, total
Including individual deposits
Other liabilities
18 415 372
753 264
17 458 632
12 618 331
203 476
18 139 178
948 713
16 885 656
10 294 253
304 809
Capital 4 955 294 4 953 745
Net interest and similar income
Net fees and commissions received
Provisions changes
Operational charges
Profit after taxation
1 461 231
558 520
-921 473
1 143 421
245 596
1 575 257
631 505-528 387
1 288 333
513 845
Requirements:
N1(min 10%)
N2 (min 15%)
N3 (min 50%)
N4 (max 120%)
ROA*
ROE*
23,3
52,8
86,3
56,1
1,05 %
6,0 %
18,6
38,2
78,3
87,1
2,48 %
15,18 %
* According to calculation methods of the Bank of Russia № 1379-U