Based on a comparison of 19 banks in Russia in 2017, 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 20.7% in 2017, down from 21.3% 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 25.3%.
Average asset yield was 26.8% in 2017, down from 30.2% when compared to previous year. On the other hand, cost of funding amounted to 7.22% in 2017, down from 10.7%.
Comparing Tinkoff Group with its closest peers, OTP Bank Russia operated in 2017 with a net interest margin of 12.3% Rusfinance Bank reached 6.73% and Raiffeisenbank Russia some 5.65%.
The average net interest margin reached 3.42% in the Russian banking sector in 2017 while interest spread amounted to 4.70%.
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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