Credit Europe Bank

Aktivs

As of July 2012, more than 4,500 specialists work in Credit Europe Bank. The number of corporate clients served by the Bank exceeds 1,500, small and medium-sized businesses - 10,000, and the number of individuals more than 3 million people.

The bank is part of the deposit insurance system under registration number 690.

Credit Europe Bank is included in the list of credit institutions complying with the requirements of the Bank of Russia on the availability of an international rating of the appropriate level, the guarantees of which can be secured by Bank of Russia loans.

The branch network Credit Europe Bank has more than 120 divisions, 600 ATMs and more than 8300 points of sale in Moscow and in the largest regions of Russia in more than 50 cities, in 7 hour zones.

The bank is in the top 50 in terms of equity, top 20 in terms of net profit, top 50 in terms of net assets, in the top 25 in terms of retail loans issued, and also ranks 8th in terms of car loans issued (as of January 1, 2011).

The bank has an international rating of Moody's "Ba3" outlook is positive, Fitch "BB-" outlook is stable, Rus-rating "BBB +" outlook is stable.

Performance indicators

2022: Almost eightfold profit increase to RUB 6.06 bln

On April 11, 2023, it became known that Credit Europe Bank increased its profit by almost eight times in 2022 - to 6.06 billion. rubles Total net income bank almost doubled to 14.6 billion rubles. Such data are given in the RAS report published by the bank. At the same time, net loan debt increased from 114.6 billion to 144.15 billion rubles. The bank also increased client funds from 98.3 billion to 125.2 billion rubles. However, there are no visible sources for growth, noted in. Kommersant

Credit Europe Bank has increased its annual profit by almost 8 times
Photo: credits.ru

Among other retail banks, Credit Europe showed the most dynamic, with a positive result. Thus, the Post Bank received a loss of 3.1 billion rubles against 1.3 billion profits in 2022. The bank told Kommersant that "a one-time loss in the first half of last year was associated with significant interest expenses of the bank against the background of an unstable situation and rate volatility." At the same time, in the second half of the year, the bank earned a profit of 3 billion rubles, the Post Bank specified. At MTS Bank, profit decreased 1.9 times (to 2.56 billion rubles), at HKF Bank - 5 times (to 1.56 billion), at OTP Bank - 21.3 times (to 133 million rubles).

Credit Europe Bank reports do not reflect the results of PFIs, operations with foreign currency and income from participation in other organizations. According to Roman Konigsberg, head of the internal audit and risk management department of FBK, it is these operations that can contain significant income. Banking expert Alexei Nechaev believes that the reasons for the growth in income of Credit Europe Bank can really be called non-obvious. An increase in the financial result on income from operations with currency and from participation in the capital of other legal entities could also play a role, but they could hardly give a significant increase in the bank's profit, Nechaev said. In his opinion, most likely, the bank earned on conversion operations against the background of growing demand for cross-border payments.

Unlike other retail banks, Credit Europe Bank in 2022 also increased its loan portfolio by 26%, which had a positive effect on the marginality of the business due to the period of a high key rate, said Expert RA banking ratings director Lyudmila Kozhekina. Also, according to her, there is a noticeable positive impact on the volume of profit from a decrease in commission costs by 2.6 billion rubles, which she associates with the fact that the bank has stopped paying commission to foreign payment systems Visa and MasterCard, which left Russia.^[1]

History

In 1987, the Fiba Group was founded by Husnew Ozeygin.

Fiba Group's activities are represented in the financial (banks, leasing, factoring, insurance, asset management) and non-financial sectors (aviation, retail, real estate, shipping construction and port management).

In 1994, the Russian representative office of Fiba Group began work in Moscow.

1997 (23 May) - Bank of Russia General Banking Licence No. 3311 was obtained. The main activity of the Bank is directed to the services of legal entities.

2000 - Finance Bank entered the retail banking market. The first branch was opened in Moscow.

2001 - Finance Bank began issuing consumer loans.

2004 - Finance Bank (Moscow) was renamed to Finance Bank (Russia). The first representative offices were opened in Samara, St. Petersburg, Nizhny Novgorod, Kazan, Rostov-on-Don, Ufa and Perm.

2005 - The Bank was admitted to the National Deposit Insurance System. The first Moody's Ba2 rating was assigned. Finance Bank began providing services to small and medium-sized businesses.

2006 - FIBA International Holding (owner of CJSC Finance Bank) sold a controlling stake in Finance Bank (Turkey) to the National Bank of Greece (NBG), as a result of which it transferred the rights to use the Finance Bank brand.

2007 - Official rebranding: Finance Bank (Russia), as well as divisions in, Netherlands,, Romania,, Germany Belgium Switzerland Malta, Dubai To Ukraine and began to operate under the new name Credit Bank (Europe Russia).

2008 - Credit Europe Bank entered the top 50 largest banks in Russia in terms of capital. The number of retail customers exceeded 2 million people. The first Moody's Ba1 rating was assigned.

2009 - Credit Europe Bank became a participant in the state program of subsidizing car loans. Credit Europe Bank became the first private Russian bank to successfully place Eurobonds on international capital markets after the acute phase of the crisis.

2023: Putin allows Russian bank to buy out IKEA-linked bank

The President Russia Vladimir Putin signed an order that allowed the sale of Icano Bank (served business IKEA in Russia). " Credit Europe Bank The corresponding document was published on the official Internet portal of legal information on January 26, 2023. More here.

2022: Ikano-Bank purchase from IKEA amid conflict in Ukraine

In June 2022, it was announced that the IKEA group would sell Ikano-Bank to the Turkish Credit Europe Bank. The parties submitted documents for approval to the Bank of Russia and expect the transaction to close by the end of July.