Presentation of Novikombank

Presentation
July 2016
2
Contents
1.Highlights
2.Ratings & Rankings
3.Shareholders
4.Board of Directors
5.Management Board
6.Principles & Services
7.NOVIKOMBANK increases assets
8.Financials
9.Assets & Liabilities Structure
10.Corporate Business
11.International Business
12.Cooperation with State Export Credit Agencies of the CIS countries
13.Fund Raising Program
14.International Lending: Syndicated Term Loan Facility
15.Money Market and Capital Market Activity
16.Program of Comprehensive Services for FIs of Russia and CIS
17.Contacts
3
4
5
6
7
8
9
10
11
12
13-15
16-18
19
20-21
22
23
3
Highlights
 Established in 1993. Key focus — financing of the real sector of the Russian economy
 In April 2016 the Rostec’s share was raised to 74,23% and in June 2016 it is planned to
grow up to 100%
 Core customer base — leading enterprises of heavy-machinery, automobile, high-technology
industries, aviation and many others
 34th among Russian Banks by assets as of 01.04.2016
 Assets — USD 4,2 bln, Capital – USD 640 mln as of January 1, 2016 (in acc. with RAS)
 Asset growth — 15% in 2015 (in acc. with RAS)
 Profit – USD 37,5 mln. as of January 1, 2016 (in acc. with RAS)
 Moody‘s: long term B2 rating
Fitch: Long term B— rating
 Current regional network of branches: Rostov-on-Don, Nizhny Novgorod, St. Petersburg, Togliatti
Additional Offices: Zentralniy, Zhukovski, Samara, Taganrog. Operational offices in Kazan, Tula
 IFRS accounts audited by Ernst and Young
 NOVIKOMBANK is one of the core banks for the Eurasian Economic Union and the CIS
4
Ratings & Rankings
International Rating by Fitch
January 2016
Individual credit rating--------------------------- B—
International Rating by Moody’s
November 2015
Individual credit rating----------------------------- B2
 36th among Russian Banks in terms of assets as of April 1st, 2016 (by Interfax)
 34th among Russian Banks in terms of assets as of April 1st, 2016 (by RusRating)
 34th among Russian Banks in terms of net profit as of April 1st, 2016 (by National Rating Agency)
 NOVIKOMBANK entered the TOP-10 of most dynamically growing Russian banks in terms of asset growth
according to THE BANKER. Since 2010 NOVIKOMBANK’s assets have grown more than 3.5 times
NOVIKOMBANK’s Assets and Capital (USD mln, RAS)
Assets
Capital
5215
4300
4224
4200
3100
2020
241
YE2010
304
YE2011
519
YE2012
616
YE2013
513
YE2014
640
YE2015
(*) Assets and capital decrease in USD
equivalent is caused by significant
currency rate changes as of YE2014
and as of YE2015
5
Shareholders
The
major
shareholder
of
NOVIKOMBANK is the Group of
State Corporation Rostec. Rostec
considers the Bank as one of the
most important assets. On April 29th,
2016 share of Rostec in capital of the
Bank
increased
to
74.23%.
Agreements for increasing share of
Rostec in the Bank’s authorised
capital to 100% have been concluded
and will become effective upon
receipt of FAS and Bank of Russia
consent in June, 2016.
LLC
MEGASPECSTROY
8,38%
LLC PULSAR
8,23%
LLC GRAVILAT
8,11%
LLC SEVER
ATLANT
1,05%
GROUP OF STATE
CORPORATION
ROSTEC
74,23%
6
Board of Directors
Andrey Kondratyev
Deputy CEO – CFO, Group of State Corporation Rostec
Vladimir Artyakov
First Deputy CEO, State Corporation Rostec
Boris Aleshin
Advisor to the President on Science and Technology, United
Aircraft Corporation (UAC)
Elena Georgieva
Chairman of the Management Board, Member of the Board
of Directors, JSCB NOVIKOMBANK
Ilya Gubin
Member of the Board of Directors, JSCB NOVIKOMBANK
Igor Zavyalov
Deputy CEO, State Corporation Rostec
Sergey Vorobyev
Head of Representative Office in Moscow, ITERA Oil and Gas
Company Ltd
Petr Fradkov
CEO, JSC Russian Export Center
7
Management Board
Elena Georgieva – Chairman of the Management Board
In JSCB NOVIKOMBANK since 2016;
In 1999 graduated from Russian State University for the Humanities with
qualification in international economics;
2008—2013 – Deputy Head of investment projects, Head of the
Department of investment projects, State Corporation Rostec;
2013—2016 – Head of Treasury Department, State Corporation Rostec;
Since 2015 – Member of the Board of Directors, JSC FUNDSERVICEBANK.
Elena Georgieva
Chairman
Anna Zvereva
Deputy Chairman
Konstantin Piskunov
Deputy Chairman
Alexey Denisov
Deputy Chairman
Valery Semenchenkov
Deputy Chairman
Pavel Loginov
Deputy Chairman
Tatyana Radchenko
Chief Accountant
8
NOVIKOMBANK today: Principles & Services


Provides a full range of high-quality reliable banking services to both corporate and
private customers
Focus on tailor-made services, partnership relations maintenance, efficient riskmanagement
Banking Services
For Corporate
Clients

Lending

Syndicated Loan Facilities

Service Settlement Center for
Corporation

Accounts & Payments

FX & MM Operations

Trade finance & Documentary
Operations

Financing of export from Russia
under EXIAR coverage
For Financial
Institutions
For Private Clients

Consumer Lending

FX & MM Operations

Accounts & Payments

Bank Cards

Accounts & Payments

Car Loans

Mortgage Programs

Settlements (Multicurrency
Clearing)

FX & MM Operations

Syndicated Loan Facilities

Financing of Russian and
Belorussian export under EXIAR
and Beleximgarant Coverage

Trade Finance for Partner Banks

Banknote Business

Brokerage Services

Accounts & Payments
9
NOVIKOMBANK increases assets
Total assets of JSCB NOVIKOMBANK in 2015 increased by 24.6% and were equal to
297.8 billion rubles in accordance with IFRS. Asset growth is stipulated due to both
development of the Bank and active investment policy of its shareholders.
Group of State Corporation Rostec together with JSCB NOVIKOMBANK have been
implementing a plan designed to enhance the Bank’s capitalization since the beginning
of 2016. In particular:




In January, there was additional share issue in the amount of 1.8 billion
rubles;
In April, financial contributions into capital in the total amount of 8 billion
rubles were made in order to increase the Bank’s net assets;
As a result of the ongoing additional issue of the Bank’s shares, its capital will be
raised to around 20 billion rubles by conversion of subordinated loans;
Upon the decision of the shareholder, a financial contribution in the amount
of about 15 billion rubles will be made before September 2016.
Thus, the total amount of investments of Group of State Corporation Rostec into the
Bank will exceed 45 billion rubles.
10
Financials in accordance with IFRS
USD mln
*
*
*
YE 2010
YE 2011
YE 2012
YE 2013
YE 2014
YE 2015
273
182
716
872
0.8
9
6
772
286
503
1 484
0.3
9
8
736
433
511
2 407
0.4
12
7
1 092
521
510
2 999
0.4
12
17
403
504
708
2 591
7
36
449
293
407
2 532
27
874
2 058
3 062
4 106
5 151
4 249
4 582
153
331
405
559
580
211
1 344
238
92
323
1 791
278
128
207
2 549
338
295
68
3 045
792
382
200
2 342
612
294
170
3 118
566
287
Other borrowed funds
9
5
2
-
2
418
Other liabilities
Total liabilities
20
11
14
8
21
24
1 856
2 867
3 810
4 854
4 051
4 795
105
3
5
3
86
202
99
2
5
-2
91
195
119
43
6
(0.5)
12
117
297
111
40
6
-5
11
134
297
94
77
4
-67
6
83
198
81
67
4
-16
-349
-212
2 058
3 062
4 106
5 151
4 249
4 582
АSSETS
Cash and cash equivalents
Placements with banks and other financial institutions
Financial instruments at fair value through profit or loss
Loans to customers
Investments in associated company
Property and equipment
Other assets
Total assets
LIABILITIES
Deposits and balances from banks and other financial
institutions
Amounts payable under repurchase agreements
Current accounts and deposits from customers
Debt securities issued
Subordinated loans
EQUITY
Share capital
Share premium
Revaluation reserve for property and equipment
Revaluation reserve for available-for-sale assets
Gains on initial recognition of subordinated loans
Retained earnings
Total equity
Total liabilities and equity
*
Decrease in USD equivalent is caused by significant currency rate changes as of YE2014 and as of YE2015 (i.e.
USD/RUB CBR rate as of YE2013 = 32.6, as of YE2014 = 56.2, as of YE2015 = 65)
A negative equity was
caused by:
1. A negative impact of
FUNDSERVICEBANK’s
merger;
2. A bankruptcy of
NOVIKOMBANK’s
borrower TRANSAERO
(8 bln. RUB);
3. A conservative
provision’s policy of
NOVIKOMBANK’s main
shareholder.
11
Assets and Liabilities Structure (IFRS, as of 01.01.16)
Assets Structure
1,9%
25,7%
Equity and Liabilities Structure
1,77%
10,7%
6,27%
6,96%
12,35%
0,07%
4,54%
6,4%
18,39%
55,3%
Cash
Loans to banks and financial institutions
Loans to customers
Fixed income
Other
49,66%
Deposits received from the CBR
Accounts and deposits from banks and other financial institutions
Accounts and deposits from corporate customers
Accounts and deposits from retail customers
Capital
Subordinated loan
Debt securities issued
Other
12
Corporate Business (IFRS, 01.01.2016)
Loans to Corporate Customers (USD, bln)
Loan Portfolio Structure by Industry
3,1
3,0
2,6
2,5
1,87%
1,21%
6,10%
1,6
3,60%
12,68%
8,67%
1,2
13,88%
8,11%
8,85%
YE2010
YE2011
YE2012
YE2013
YE2014
(*) Decrease in the total amount of loans is caused by
significant currency rate changes as of YE2014, YE2015
Loan Portfolio Structure
1,21%
Retail loans
98,79%
Corporate
loans
15,55%
9,10%
10,37%
YE2015
Trade
Financial services
Construction
Aircraft industry
Machine industry
Metallurgy
Services
Scientific&Production Activity, Radio Electronics
Agricultural industry
Individuals
Energy Production
Others
13
International Business
Cooperation with Financial Institutions
Germany
USA
Austria
Switzerland
China
France
Czech-Republic
India
Turkey
Sweden
Denmark
Norway
Italy
United Arab Emirates
Egypt
Singapore
Japan
14
International Business
Interleasing Ltd.,
Russia
Medicus-Centre Ltd,
Kazakhstan
LC with ECA
LC with PF
EUR 8.2 mln
RUB 17.7 mln
Commerzbank AG
NOVIKOMBANK
Keller HCW GmBH,
Germany
OOO Medikal-Onko,
Russia
SKAT, Russia
LC with
post-financing
EUR 2.53 mln
Commerzbank AG,
Deutsche Bank AG,
BHF-Bank
NACCO Materials,
Scotland
Volgo
-Diesel Mamins
LC with
post-financing
USD 10 mln
BNP Paribas,
Commerzbank AG,
VTB Bank Shanghai,
Deutsche Bank AG,
BHF-Bank
Beneficiaries from
France, China,
Germany
Ravis LLC
VSP - Leasing
LC
Loan Facility
With ECA
USD 0.3 mln
USD 9.1 mln
Commerzbank AG,
Germany
Wt Specialty
Ingredients Sdn,
Malaisia
Oberbank,
Austria
Ingenia GmbH,
Austria
OOO
VLADIMIRSKI LPK
Kominvest-AKMT
LC with
post-financing
With Sace cover
SBLC
USD 0.34 mln
USD 0.6 mln
UBI Banca
Unicredit Bank AG,
Germany
BONGIOANNI S.R.L.
Italy
Doppstadt Cable,
Germany
OJSC«Avtovaz»
LC
OJSC
‘BYELORUSSIAN
STEEL WORKS’
Belorussian Oil
Company
USD 1.3 mln
LC
2 transactions
Trade Related Loan
Samsung C&T
Corporation,
Korea
USD 7,5 mln
Commerzbank AG
USD 39 mln
HOFFLAND
ENVIRONMENTAL.
INC
TNK-BP, Russia
Lukoil,Russia
15
International Business
JSC Belshina,
Belarus
CJSC Belorussian
Oil Company
LC
LC
USD 40 mln
EUR 8 mln
RUE Production
Association
“Belorusneft”,
Belorus
JSC «TEHSTROI»
LC with ECA
USD 2.2 mln
Commerzbank,
Germany
Siegfried Schumaher
GmbH, Germany
Thai Hua Rubber
Pubilc Company
Limited,
Tailand
Aston Martin
Moscow Ltd.,
Russia
LC with
post-financing
EUR 1.3 mln
Commerzbank,
Germany
Aston Martin
Lagonda Ltd.,
UK
CHUP ASB
Lizing,
Belarus
LC with
post-financing
USD 0,8 mln
OOO ”Dar-Dar”,
Tajikistan
LC
USD 0.28 mln
BCP,
Switzerland
Commerzbank,
Germany
Zeppelin
Int. AG,
Switzerland
China Meheco
Corporation,
China
Elektrom LLC, Russia
LC with PF
Jsc mozyr oil
Refinery,
Belarus
USD 5.45 mln
LC
VTB Shanghai
Commerzbank AG
EUR 30 mln
Beneficiaries
from China
JSC TNK-BP,
Russia
16
NOVIKOMBANK’s cooperation with Russian State
Export Credit Agency EXIAR
EXIAR: Russian Agency for Export Credit and Investment Insurance
Activities:
 Insurance of the export credits against business (commercial) and
political risks for Russian exporters
 Insurance of Russian investments against political risks outside the
Russian Federation
Since 2012 NOVIKOMBANK has financed 43 deals for the total amount of USD 120 mln in
cooperation with EXIAR. Main geographies are Republic of Belarus, Republic of Uzbekistan,
Republic of Tajikistan.
The main advantages of cooperation with EXIAR for clients:
 EXIAR indemnifies for up to 95% of losses in case of political risk and up to 90% of losses in
case of business (commercial) risk;
 Competitive interest rates for financing due to low level of risk for bank and possibility to
refinance such deals in the Central Bank of Russia;
 Expansion of geography of export;
 Possibility to receive financing for insurance premium;
 Decreasing of collateral load.
17
NOVIKOMBANK’s cooperation with EXIAR
JSC “MAGADAN
MECHANICAL PLANT”
LLC “GAZ-TRADE”
Commercial vehicles
GAZ GROUP
USD 2.5 mln
USD 430 thnd
USD 2.5 mln
Loan to importer
Orien-Leasing LLC
Loan to different importers
Republic of Tajikistan
Republic of Uzbekistan
PJSC “UAZ”
Group of Companies
“Sodrugestvo”
USD 1.2 mln
Loans to different importers
Loans to different importers
Republic of Tajikistan
Republic of Uzbekistan
LLC "Russian Buses - GAZ Group“,
Pavlovo branch
LLC “TD Factory
Proletarskaya sloboda”
EUR 7.8 mln
RUB 81 mln
LLC “RUSAVTOPROM”
Republic of Belarus
RUB 34.5 mln
LLC “RUSAVTOPROM”
Republic of Belarus
Loan to importer
OJSC “BSW – Management
company of “BMC” holding
Republic of Belarus
EUR 768 thnd
OJSC “BORISOVDREV”
Republic of Belarus
18
NOVIKOMBANK’s cooperation with EXIAR
ENTECHMACH RPC LLC
Trading house “KAMA”
AVTOVAZ
USD 62.7 mln
EUR 1.6 mln
Loan to importer
BMZ-Belorussian Steel Works
EUR 3 mln
Loan to importer
JSC DNIPROAZOT
Loan to importer
BOGDAN-AUTO
Ukraine
Ukraine
USD 418.8 thnd
AVTOSHIN KOMPLEKT
Republic of Uzbekistan
Republic of Belarus
Moscow design bureau Compas
OJSC “AUTODIZEL”,
GAZ Group, RF
RUB 74.5 mln
Loan to importer
BMZ-Belorussian Steel Works
Republic of Belarus
RUB 2 bln
USD 10 mln
Financing of reconstruction of
naval aviation with groun
testing training facility
OJSC “MAZ”
The project risks are covered by
EXIAR
Republic of Belarus
19
Fund Raising Program
Internal market
RUB Bonds of NOVIKOMBANK are included in the Lombard List of the Central Bank of
the Russian Federation
June 2015: RUB Bond Issue
June 2015: RUB Bond Issue
Borrower
NOVIKOMBANK
Borrower
NOVIKOMBANK
Amount
Tenor
Put option
Maturity date
Arrangers
RUB 2 bln
3 years
12 months
19.06.2018
Gazprombank
Bank ZENIT
Otkritie FC Bank
Sovcombank
Amount
Tenor
Put option
Maturity date
Arrangers
RUB 3 bln
5 years
12 months
12.06.2020
Gazprombank
Bank ZENIT
Otkritie FC Bank
Sovcombank
 Since November 2010 Novikombank has been successful realizing Fund Raising Program.
The total amount of the issued bonds is RUB 15 bln.
 There are currently 2 issues of bonds in circulation for the total nominal amount of RUB 5
bln.
20
NOVIKOMBANK - Leading Arranger
of Syndicated Term Loan Facilities for the CIS Banks
 Provision of full range of syndicated loan arrangement services for the CIS banks;
 Participation as Investor in loans (both club and public) granted to the Russian and the CIS banks.
Since 2010, NOVIKOMBANK has arranged syndicated loans for the Russian and CIS banks for the total
amount of more than USD 2 bln.
In 2015, NOVIKOMBANK became a Leader among Russian banks in arranging of syndicated
loans for financial institutions of the CIS countries.
On Investor’s side in 2015:
21
NOVIKOMBANK - Leading Arranger
of Syndicated Term Loan Facilities for the CIS Banks
On Investor’s side in 2014:
22
Money Market and Capital Market Activity
0.2%
64.9%
Securities portfolio structure
(as of 01.01.16)
12.0%
22.9%
State bonds
Proprietary securities portfolio
(January 1, 2016) - USD 709 mln
Corporate bonds
Eurobonds
 Fixed income — 99.8%
incl. securities from Lombard list — 96%
Equities
 Equities — 0.2%
Partners of NOVIKOMBANK
Raiffeisen Bank AG
Vnesheconombank
Commerzbank AG
Sberbank
Commerzbank AO
VTB
Uralsib
Zenit
Loko-bank
ICAP
Avangard
Metallinvestbank
Alfa-Bank
MDM Bank
Globex bank
Credit Suisse AG
Unicreditbank
Otkrytie
Gazprombank
Promsvyazbank
23
Program of Comprehensive Services for
Financial Institutions “Bank for Banks”
 Creation of infrastructure for supporting clients’ interests in key regions;
 Creation of single settlements center for the banks from the CIS countries;
NOVIKOMBANK is an active player on financial markets of Russia and CIS recognized on the
interbank market: the number of partner banks exceeds 381 (as of 01.01.2016).
Products for partner banks:
 Settlements
Geography of interests on interbank
market in the CIS and Baltic countries
Uzbekistan 1%
Kyrgyzstan 8%
 Money market products
 Banknote business
 Organization of export-import operations
financing through documentary instruments
for clients of partner banks
Others 28%
Belarus 20%
Azerbaijan 3%
Armenia 2%
Kazakhstan 12%
 Organization of syndicated loans
 Full range of services on capital markets of
Russia
 International Banking Club
Tadzhikistan
15%
Latvia 8%
Moldova 3%
Contact Information
Head of International Business Division and Debt Financing Division
Ms. Tatyana Dundukova
Tel.:+7 (495) 974-71-87 ext. 602 / [email protected]
JSCB NOVIKOMBANK
4/4 bld. 2, Yakimanskaya emb., Moscow, 119180, Russia
Tel.:+7 (495) 974-71-87
Fax:+7 (499) 246-92-02
www.novikom.ru