Otkritie Financial Corporation Bank's non-performing loans reached 23.2% of total loans at the end of 2018, down from 31.8% compared to the previous year. Historically, the NPL ratio hit an all time high of 31.8% in 2017 and an all time low of 2.63% in 2014.
Provision coverage amounted to 95.4% at the end of 2018, down from 103% compared to a year earlier.
The bank created loan loss provisions worth of 0.446% of average loans in 2018. That's compared to 8.38% of loans the bank put aside to its cost on average in the last five years.
Comparing Otkritie Financial Corporation Bank with its closest peers, Sberbank operated at the end of 2018 with NPL ratio of 3.75% and provision coverage of 189%, VTB Bank with 5.70% and 112% respectively and Alfa Bank had 3.38% of bad loans covered with 86.0% by provisions at the end of 2018.
You can see all the bank’s data at Otkritie Financial Corporation Bank Profile, or you can download a report on the bank in the report section.
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