Moscow Credit Bank (MKB)

Moscow Credit Bank is a universal credit and financial institution that provides the full range of banking services. General License of the Bank of Russia No. 1978.

Digitalization

Main article: Information technologies at the Moscow Credit Bank (ICD)

Performance indicators

2023: Profit growth 8 times to 59.8 billion rubles

At the end of 2023, the Moscow Credit Bank (MKB) received a net profit of 59.8 billion rubles, which is almost eight times more than the profit a year ago (7.5 billion rubles). In 2021, the net profit of the credit institution was measured at 26.2 billion rubles. This is stated in the reporting under IFRS, which the ICD announced in early March 2024.

It also follows from the bank's materials that in 2023 its assets reached 4.67 trillion rubles, which is 17.5% more than a year earlier. The growth was due to an increase in the total loan portfolio (after deduction of reserves) by 27%, to 2.35 trillion rubles. The corporate loan portfolio after reserves in 2023 increased by 30.4% - to 2.15 trillion rubles (26.6% excluding currency revaluation), retail - by 1.9%, to 200.6 billion rubles.

MKB at the end of 2023 received a net profit of 59.8 billion rubles

There was a large-scale expansion of the client base of active large and medium-sized clients of the corporate block of MKB, where growth of more than 25% was recorded, the bank's message explains.

According to the ICD's own data, the share of non-performing loans (NPL - debt on a loan with overdue payments for more than 90 days) in the total loan portfolio at the end of 2023 decreased to a record low of 1.1%. Corporate customer funds in 2023 increased by 15.7% with a steady growth in the active customer base. The growth of funds of customers of individuals in 2023 exceeded 32%, which, as noted in the ICD, corresponds to the market trend against the background of an increase in the key rate.

In 2023, ICD organized 67 transactions for 44 of its clients in the Russian borrowed capital market. The total face value of the placed bonds in ruble equivalent exceeded 1.25 trillion rubles, including 4.2 billion yuan of bonds denominated in Chinese currency.

History

2024

Appointment as head of Nikolai Katorzhnov

On November 27, 2024, the press service of the Moscow Credit Bank (MKB) announced the appointment of Maxim Korzhov as the new head of the credit institution. In this post, he replaced Nikolai Katorzhnov, who headed the bank since June 2022. Read more here

TAdviser interview with Vyacheslav Kasimov, Director of the Information Security Department

One of the promising areas of digitalization is web applications. However, without their adequate protection, it will be difficult to achieve positive results. Therefore, the key topic in web development is security, more precisely the DevSecOps methodology, which allows you to maintain a high level of information security for such projects. Banks were among the first commercial companies to actively introduce DevSecOps elements into their web development pipelines. To discuss the information security features of web projects in the banking sector, we asked several questions to Vyacheslav Kasimov, Director of the Information Security Department of the ICD. Read more here.

2023

Joining NPO "Inkakhran"

On July 18, 2023, the Moscow Credit Bank (MKB) announced the accession of Inkakhran, a non-bank credit organization (NPO), which is one of the three largest collection market operators. As specified in the bank, the decision to transform the collection business is associated with a decrease in its profitability due to increased competition, a drop in cash settlements in the economy and demand for the transportation of money, as well as the emergence of online collection. Read more here.

One Day Offer 2022 results

In 2022, the Moscow Credit Bank (MKB) held a new HR event for the banking sector - One Day Offer. In 8 hours, the participants got acquainted with the teams, passed interviews and test tasks, and several of the most promising and interesting specialists received an offer on the same day. Why such events should be held and how effective they are for the company, said the head of the IT ICD, Vitaly Trepykhalin. Read more here.

How the ICD Reactor works

Russian fintech commands respect, but, as they say, there are nuances. Financial the sphere went through a period of turbulence, business models changed. It became clear how the first fin element should look in the fintech formula now. But there were many questions about the second part, about "tech," about the uniqueness of technologies. It is on them that the further survivability and attractiveness of services and even individual institutions depends. Digital transformation as a whole has been passed, the first benefits from use IT have already been received, and further development requires efforts. To find the area in which the new star lies, you need to weed out weak ideas, and select among the strong the one under which the original technological solution lies. In order for the Credit Bank of Moscow (MKB) to cope with this task by transferring its corporate accelerator to a continuous mode of operation and strengthening the selection at the initial stages of the funnel. Read more here.

2022

Disconnecting from SWIFT

On June 2, 2022, the European Union disconnected from SWIFT - Sberbank, ICD and Rosselkhozbank. The decision was made within the framework of the sixth package of EU sanctions against the background of Russia's special operation in Ukraine.

Closure of 22 branches

In May 2022, it became known that Credit Bank of Moscow closes 22 branches at once. Mainly in the regions.

2021

Warning of the Ascon Credit Line

On November 11, 2021, the Moscow Credit Bank (MKB) announced the conclusion of an agreement on the provision of a credit line for 800 million rubles to the Ascona Group of Companies. Read more here.

Announcement of the purchase of the insurance company "Yugoria-Life"

On July 20, 2021, the Federal Antimonopoly Service (FAS) announced the approval of the sale of the insurance company Yugoria-Life to the Moscow Credit Bank. The value of the transaction is not called. Read more here.

Closing the transaction for the purchase of the "Ring of the Urals" for 3.9 billion rubles

In April 2021, the Rossium concern announced the amount of the transaction for the purchase of Ring of the Urals Bank (Yekaterinburg) - 3.9 billion rubles or 0.9 capital. In December, Moscow Credit Bank, owned by Rossium, filed a petition with the FAS to acquire the Ring of the Urals (then the capital was 5.7 billion rubles), after which the bank encountered difficulties during the quarter:

• in January, Rosfinmonitoring accused Ring of the Urals Bank of illegal financial transactions with issuing a loan to repay loans from other companies;
• at the end of January, the bank is being searched in the case of a bribe to the former head of the Internal Affairs Directorate Igor Trifonov for initiating a case of theft of credit funds;
• the bank even had to publish official denials.

But the deal closed in March 2021, difficulties ceased, the bank's capital dropped to 4.3 billion rubles.

Agency import factoring agreement in the amount of 3 billion rubles with Treolan

On January 12, 2020, the Moscow Credit Bank (MKB) announced the signing with Treolan LLC (part of LANIT Group of Companies) of an agreement on agency import factoring in the amount of 3 billion rubles. Read more here.

2020

Application to the FAS for the purchase of the bank "Ring of the Urals"

On December 2, 2020, it became known that Moscow Credit Bank (part of Roman Avdeev's Rossium concern) intends to acquire Ring of the Urals bank, part of the UMMC group. Read more here.

Purchase of the Region Investments broker for 400 million rubles and renaming it MKB Investments

The Moscow Credit Bank (MKB) disclosed in the statements for 2020 how IFRS much it paid for Region Investments (renamed MKB Investments), which were part of the Region Group of Companies. In November 2020, he acquired a brokerage company for 400 million rubles. The ICD did not comment on the value of the transaction, only repeating that the company was acquired to create a digital platform for private investors. More. here

Multi-Currency Letter of Credit Agreement with Treolan

Moscow Credit Bank (MKB) signed a multi-currency agreement on letters of credit with Treolan LLC (part of Lanit Group of Companies), as well as contracts on guarantees. The total amount of agreements amounted to 2.75 billion rubles. This was reported on July 9, 2020 by the ICD. Read more here.

Purchase of a 100% stake in Vesta Bank and Rusnarbank

On May 18, 2020, it became known that the Moscow Credit Bank (MKB) entered into transactions to buy a 100% stake in Vesta Bank and Rusnarbank, which are part of the Region group of companies. The deal takes place within the framework of the strategic partnership of the Rossium concern Roman Avdeev and the Region Sergei Sudarikov.

With the help of Vesta Bank, MKB plans to improve the efficiency of work with small and medium-sized businesses in which this bank specializes. The purchase of Rusnarbank will allow the ICD to develop the directions of car loans and business mortgages, as well as use the Norma digital platform to provide guarantees and loans for bidders and tenders, the credit institution said in a statement.

The Rossium concern owns 56.1% of MKB shares. The Region also has a small share in the ICD. In October 2019, as part of the first stage of the merger of the two structures, its main owner Sudarikov became the managing partner of the Rossium concern Avdeeva.

2018: Eurobond bid book closed at record low rate

On February 7, 2018, Credit Bank of Moscow closed the application book for a new issue of senior Eurobonds totaling 500 million dollars USA for a period of 5 years with a coupon rate of 5.55% per annum.

The fixed coupon rate became the lowest in the history of the Bank's borrowings on the international Eurobond market, as well as the lowest coupon rate on borrowings in the Eurobond format with an urgency of 5 years among all private banks in the country. The issue of Eurobonds was also the first public international placement of notes by a private Russian bank under the Reg S/Rule 144A rules this year.

The formed book of applications with prevailing international demand was presented by a wide range of investors, including funds and management companies, as well as private banks and financial institutions. The geographical distribution of investors participating in the subscription to the issue was represented by the UK (32%), the USA (30%), the countries of continental Europe (23%), Russia (14%) and Asian countries (1%). In total, more than 100 applications were submitted from 17 countries of the world. The formation of the bid book was preceded by a series of meetings with institutional investors in Zurich, London, New York and Boston.

Against the background of re-signing the book of applications almost three times, the coupon rate was reduced by more than 0.4 percentage points against the upper limit of the original price range, which confirms the increased interest in the Bank from investors and its impeccable reputation in the international capital market.

"We are pleased with the placement parameters," commented Vladimir Chubar, Chairman of the Management Board of the Bank. - Despite a large-scale fall in the US stock market a few days before the closing of the filing book and increased volatility, we made the right decision to implement the transaction in the initially planned time against the background of the opening of the market in the "green zone" and with the support of sustainable demand from investors who confirmed their confidence in the quality of the Bank's investment history, the level of its management and strategy. I express my special gratitude to the Bank's team and the organizers of the placement for their professional and well-coordinated work. "

Over the past 18 months, this is the fourth issue of loan participation notes for the Bank after the successful placement of senior Eurobonds in the fall of 2016, as well as subordinated Eurobonds (Tier II) and the debut issue of subordinated perpetual Eurobonds in the spring of 2017. The Bank's total Eurobond borrowings for the specified period amounted to $2.3 billion, of which $1.3 billion were included in the calculation of the Bank's Level 1 and 2 capital. Thus, as the leader of the Russian banking sector in terms of the volume and number of public attraction in the international capital markets in 2017, the Bank has strengthened its position in this area this year.

The bonds will be issued by special purpose company CBOM Finance p.l.c. for the purpose of financing the loan to the Bank. Settlements with investors under the transaction are scheduled to be completed on February 14, 2018. The bonds will be placed under Rule 144a and Regulation S. Eurobonds are expected to be assigned the following ratings by international rating agencies: "BB-" from Fitch Ratings, "BB-" from Standard & Poor's and "Ba3" from Moody's Investors Service.

The global coordinators were Credit Suisse, J.P. Morgan and SG CIB, joint leading organizers and bookrunners - ING, Sova Capital, BC REGION and Unicredit Bank.

2017: Moody's upgraded its credit rating to Ba3

On September 27, 2017, the rating agency Moody's Investors Service (hereinafter referred to as "Moody's") increased the credit ratings of the Moscow Credit Bank: the rating of unsecured debt and deposits from B1 to Ba3, the long-term risk assessment of the counterparty (CR Assessment) from Ba3 to Ba2. Outlook for Stable ratings. The main factor in the increase in the unsecured debt and deposits rating was the inclusion of the Bank in the list of systemically important credit institutions, the updated list of which was published on the Bank of Russia website on September 13, 2017. According to the agency, the decision of the Bank of Russia indicates a high probability of providing support to the Bank if necessary, which positively affects the stability of the Bank and minimizes counterparty risks.

The agency's experts praised the Bank's profitability indicators, which over the past quarters have shown positive dynamics against the background of expanding the scale of the Bank's activities and reducing the cost of risk. Moody's expects a gradual improvement in the Bank's asset quality and sustainable financial results over the next 12-18 months, which will support the Bank's capital.

2015

Starting the service Cash2Card

On October 6, 2015, Credit Bank of Moscow announced the launch of a service Cash2Card^[1].

The service helps cardholders Visa MasterCard and replenish cards of any banks operating in the Russian Federation in terminals. ICD The card account of any bank can be replenished quickly - you need ICD to select the "Banks and loans" category at one of the terminals and make a payment, in accordance with the step-by-step instructions.

The bank said that Moscow Credit Bank has a developed network of payment devices located in stores, pharmacies and gas stations, on almost every street in Moscow, this will help pay for loans and replenish cards around the clock, at any time convenient for the client and in less than one minute.

The total number of terminals, according to ICD the bank's statement, as of October 6, 2015 exceeds 5 thousand units.

Rosneft transfers its deposits to the bank and saves it from reorganization

ICD the only one of the banks"Moscow ring" did not fall under reorganization. It became one of the largest private banks in the country when, in the crisis of 2015, the bank unexpectedly doubled its assets to 1.2 trillion. rubles She transferred assets and deposits from Otkrytie to it. "Rosneft

Roman Avdeev owns 85% of the bank's shares

In 2015, Roman Avdeev is the beneficial owner of an 85% stake in the bank. The European Bank for Reconstruction and Development, the International Finance Corporation (IFC) and RBOF Holding Company I, Ltd. (100% owned by the Capitalization Fund of Russian Banks, which is part of the same group of companies with IFC) collectively own 15% of the Bank's shares and are represented on the Supervisory Board of the Bank along with four independent directors.

2014: The bank is one of the 5 largest private banks of the Russian Federation in terms of assets

According to the INTYeRFAKS-100 ranking data, as of October 1, 2014, the bank is in the Top 5 private Russian banks in terms of total assets.

2010: Assets reached RUB 139 bln

The bank is one of the top 30 largest banks in the Russian Federation. According to RAS reporting, the total assets of CREDIT BANK of MOSCOW as of October 1, 2010 reached 139 billion rubles, an increase of 49.4 billion rubles (55%) for the nine months of 2010.

The bank's activities at this time were concentrated in Moscow and the Moscow region. The bank's network includes 50 offices, more than 360 ATMs and 1,330 payment terminals.

The sole shareholder of MOSCOW CREDIT BANK is Concern ROSSIUM LLC.

2004: Joining the deposit insurance system

Since 2004, the bank has been part of the Deposit Insurance System.

1994: Roman Avdeev acquires a bank

The bank was acquired by Roman Avdeev in 1994.

1992: Founding of the Bank

The bank was founded in 1992.

Notes