© RosEuroBank 2009
General License of Bank of Russia ¹3137
Fast facts
- Stable ownership and top management team (almost all top managers in place since 1999, 60% of mid-level managers are at Bank for more than 5 years)
- The Bank never defaulted on its obligations
- Among Top 30 banks in terms of corporate business (14,000 corporate customers and more than 90,000 private customers), rapidly growing customer base (60-80 new customers per week)
- Foreign shareholders (6%-DEG, 10%-Renaissance Investment Management)
- Structure of loan portfolio: 79% - corporates, 21% - individuals. 100% of loan portfolio is secured
- As of 2008YE ROAE was 17.5%, C/I – 53.2%, share of small enterprises in loan portfolio – 10.6%, share of medium enterprises – 37.8%
- Very conservative securities portfolio (no exposure to stock and corporate bond market) includes bills of exchange of the biggest Russian banks + state bonds (OFZ) + bonds of the Russian Central Bank
- Partnership with interstate financial institutions (KfW, EBRD, BSTDB) means high transparency and strong reputation of individual shareholders of the Bank
- International credit ratings (‘B1/NP’ by Moody’s, ‘B’ by Fitch). All ratings carry stable outlook, ratings and outlooks were not changed
- The Bank did not take assistance from the Central Bank of Russia in the form of unsecured lending
- Main service for corporate customers – cash management. Almost all Bank’s premises are in the property
RosEvroBank factsheet, version February 2010 (pdf)
