Based on a comparison of 19 banks in Russia in 2016, Tinkoff Group operated with the highest net interest margin, followed by OTP Bank Russia and Rusfinance Bank.
Tinkoff Group's net interest margin amounted to 21.3% in 2016, down from 22.6% when compared to the previous year.
Historically, the bank’s net interest margin reached an all time high of 46.2% in 2012 and an all time low of 3.04% in 2009. The average margin in the last five years amounted to 30.4%.
Average asset yield was 30.2% in 2016, down from 32.8% when compared to previous year. On the other hand, cost of funding amounted to 10.7% in 2016, down from 12.4%.
Comparing Tinkoff Group with its closest peers, OTP Bank Russia operated in 2016 with a net interest margin of 13.8% Rusfinance Bank reached 8.56% and Sovcombank some 5.54%.
The average net interest margin reached 3.52% in the Russian banking sector in 2016 while interest spread amounted to 5.63%.
You can see all the banks interest margin data on the Net Interest Margin indicator page or you can download a report on the Russian banks in the report section.
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