CREDIT BANK OF MOSCOW (CBM, Bank) was established in 1992 (general license No. 1978 issued by the Bank of Russia).
CBM is a universal privately owned bank offering a full range of banking services and operating in Moscow and Moscow region.
The "Interfax-100. Banks of Russia. Key performance indicators 2011", lists CREDIT BANK OF MOSCOW as number 21 by assets (compared to number 26 in 2010 ranking).
CBM’s main business line is providing loans to companies and individuals.
The Bank provides a wide range of services to corporate clients such as overdraft facilities, loans against cash collection, trade finance, leasing and factoring, acquiring, cash and settlement services. For individuals the Bank offers mortgage and auto-loans, credit cards, general-purpose loans, Individual banking.
CREDIT BANK OF MOSCOW has been a member of State Deposit Insurance System since December 2004.
CBM has a long history of collaboration with such IFIs as European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) and Black Sea Trade and Development Bank (BSTDB) under different-purpose projects (SME financing, mortgage financing, TF lines, subordinated loans). High level of the Bank’s credibility in the international markets allows CBM to attract foreign investments to develop projects aimed at expansion of business of the Bank’s clients.
CBM’s branch network includes 60 offices and 13 cash offices, more than 600 ATMs and more than 4000 payment terminals in Moscow and Moscow region.
CREDIT BANK OF MOSCOW ranked 1st in Moscow and 2nd in Russia among banks by the number of proprietary transaction & payment terminals as of 1 January 2012 (RBC Rating).
According to a survey made by Interfax-CEA in July 2011, CREDIT BANK OF MOSCOW is number 3 in the metropolitan cash collection market, its business volume being second only to such specialised carriers as Rosinkas and Inkakhran. CBM ranks the 4th largest cash collector in Russia.
According to 2011 IFRS financial statements, CBM’s assets amounted to RUB 232.37 bln. The Bank’s net income reached RUB 3,886 bln as of 2011 exceeding by 28.6% its 2010 net income (RUB 3,021 bln). Return on equity amounted to 19.7% and return on assets - 2.0%.
The Bank’s loan portfolio after impairment provisions expanded by 53.1% in 2011 and reached RUB 159.0 bln as of the reporting date. The corporate loan portfolio grew by 50.8% to RUB 130.2 bln and the retail loan portfolio by 64.3% to RUB 28.8 bln.
The Bank’s equity as calculated under the Basel Accord increased 44.6% yoy reaching RUB 29,480 mln and the capital adequacy ratio was 14.4% compared to 13.6% as of the last year.
Retail accounts and deposits rose by 68.3% to RUB 85.369 bln (41.3% of the total liabilities), of which term deposits are amounted to RUB 80.5 bln (94.3% of retail accounts and deposits).
The Bank’s strong positions in the Russian and international markets are confirmed by the leading rating agencies: Standard and Poor’s - long-term rating "B+", short-term rating "B" and Russia national scale rating "ruA+", stable outlook; Fitch Ratings – Issuer Default Rating "Â+", Short-Term IDR "B", Viability Rating "b+", Support Rating "5″, National Long-Term Rating "A- (rus)", stable outlook; Moody’s – financial strength rating "B1", long-term global & local currency deposit rating "Â1/NP", long-term national scale credit rating "A2.ru", stable outlook; RusRating – "ÂÂÂ", national scale credit rating "AA", stable outlook.
Standard and Poor’s assigned primary ratings to CBM in the beginning of 2012. During 2011, Fitch Ratings and Moody’s affirmed all ratings of the Bank, and RusRating upgraded CREDIT BANK OF MOSCOW’s credit rating from "ÂÂB-", positive outlook, to "ÂÂB", stable outlook.
In 2011 CBM was included into TOP-1000 largest world banks according to Tier 1 capital published by The Banker magazine, being 822nd in the list.
The Bank’s sole shareholder is Rossium Concern. The main beneficial owner of the Bank is Mr. Roman I. Avdeev.
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