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Otkritie Financial Corporation Bank

OFCB's npls (as % of loans) fell 27.0% to 23.2% in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's non-performing loans reached 23.2% of total loans at the end of 2018, down from 31.8% compa...

OFCB's npls (as % of loans) fell 27.0% to 23.2% in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's non-performing loans reached 23.2% of total loans at the end of 2018, down from 31.8% compa...

OFCB's net profit rose 108% to RUB 35.1 bil in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank made a net profit of RUB 35.1 bil under revenues of RUB 107 bil in 2018, up 108% and 64.2% respec...

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OFCB's net profit rose 108% to RUB 35.1 bil in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank made a net profit of RUB 35.1 bil under revenues of RUB 107 bil in 2018, up 108% and 64.2% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 35.1 bil in 2018 and an all time...

OFCB's net interest income rose 59.2% to RUB 73.2 bil in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank generated total banking revenues of RUB 107 bil in 2018, up 64.2% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RUB 116 ...

OFCB's net interest income rose 59.2% to RUB 73.2 bil in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank generated total banking revenues of RUB 107 bil in 2018, up 64.2% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RUB 116 ...

OFCB's net interest margin rose 76.3% to 3.10% in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's net interest margin amounted to 3.10% in 2018, up from 1.76% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 6.31% in 2009 and an all time low of 1.15% in 2016. ...

OFCB's net interest margin rose 76.3% to 3.10% in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's net interest margin amounted to 3.10% in 2018, up from 1.76% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 6.31% in 2009 and an all time low of 1.15% in 2016. ...

OFCB's capital adequacy ratio rose 209% to 13.1% in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's capital adequacy ratio reached 13.1% at the end of 2018, up from 4.25% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 22.6% in 2009 and an all time low of 4.25% in 2017. The ...

OFCB's capital adequacy ratio rose 209% to 13.1% in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's capital adequacy ratio reached 13.1% at the end of 2018, up from 4.25% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 22.6% in 2009 and an all time low of 4.25% in 2017. The ...

OFCB's corporate loans fell 50.7% to RUB 423 bil in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's loans reached RUB 607 bil in the 2018, down from RUB 1,065 bil compared to the previous year. Historically, the bank’s loans reached an all time high of RUB 2,567 bil in 2015 and an all time low of RUB 180 bil in 2009. ...

OFCB's corporate loans fell 50.7% to RUB 423 bil in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's loans reached RUB 607 bil in the 2018, down from RUB 1,065 bil compared to the previous year. Historically, the bank’s loans reached an all time high of RUB 2,567 bil in 2015 and an all time low of RUB 180 bil in 2009. ...

OFCB's customer loan growth rose 55.6% to -27.0% in 2018

By Helgi Library - August 18, 2019

Otkritie Financial Corporation Bank's customer loan growth reached -27.0% in 2018, up from -60.8% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 130% in 2005 and an all time low of -60.8% in 2017. In the l...

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Otkritie Financial Corporation Bank (formerly Nomos Bank) is a Russia-based private commercial bank. The Group offers corporate and retail banking products and services, including loans, deposits, and credit cards; SME, trade, and structured finance; leasing; and factoring. The Bank also provides investment banking services comprising advisory and brokerage services, such as proprietary research, equity and derivatives transactions, fixed income sales and trading, and corporate finance. At the end of 2013, the Bank serviced some 3.2 million retail and over 18,600 corporate clients through a network of 809 branches with a help of nearly 18,000 employees. The Bank was incorporated in 1992 and is headquartered in Moscow, the Russian Federation.

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Finance

Otkritie Financial Corporation Bank has been growing its revenues and asset by 21.3% and 23.0% a year on average in the last 10 years. Its loans and deposits have grown by 10.8% and 22.1% a year during that time and loans to deposits ratio reached 61.2% at the end of 2018. The company achieved an average return on equity of -12.3% in the last decade with net profit growing 26.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 77.6% in 2018, compared to 52.7% average in the last decade.

Equity represented 14.4% of total assets or 60.4% of loans at the end of 2018. Otkritie Financial Corporation Bank's non-performing loans were 23.2% of total loans while provisions covered some 95.4% of NPLs at the end of 2018.