Bank news

  • 31.07.2020
    Bank news
    TKB arranged syndicated loan facility for Belarusbank in the amount of EUR 60 mln

    TKB arranged syndicated loan facility for Belarusbank in the amount of EUR 60 mln

    TKB participated as Mandated Lead Arranger and Book-Runner in the syndicated loan facility for Belarusbank for the amount of EUR 60 mln. The loan consists of tranches with tenors up to 1.5 years and is granted for general corporate purposes and financing of the trade contracts of the Belarusbank’s customers.

    Alfa-Bank, Sovcombank and BCS Prime Brokerage Limited along with TKB also participated as Mandated Lead Arranger. Among participants of deal there were also 5 Lead Arrangers – financial institutions from Russia, Kazakhstan, Azerbaijan namely Banca Intesa (Russian subsidiary bank of the Intesa Sanpaolo Group, Italy), Rosbank (Societe Generale Group, France), Altyn Bank (Kazakh subsidiary of CITIC Bank Corp., China), Halyk Savings Bank (Kazakhstan) and International Bank of Azerbaijan.

    “It has been the 15th syndicated loan that TKB arranged for Belorussian banks. In recent years more than EUR 1 bln have been invested in the economy of Belarus thanks to these deals. Arrangers closed Order book for Belarusbank within very short time and dynamic market conditions. Perfect credit record of Belarusbank allowed for the first time in the history inviting new investors – Rosbank (Societe Generale Group, France) and Halyk Savings Bank (Kazakhstan)”, – Elena Shirinskaya, Deputy Chairman of the Management Board stressed.

    Information about TKB Group:
    TKB Group includes TransKapitalBank and Investtradebank. TKB Group is in TOP-30px; Russian banks by assets. TKB Group has wide coverage of around 100 points of sales across 31 regions of Russia. TKB has 4 main business focuses: corporate and SME lending (TOP15 in Russia), mortgages (TOP-15 Russian banks), factoring. Being a key partner of the EAEU/CIS/SCO integration processes, TKB implements program of comprehensive banking services for financial institutions “Bank for Banks” and offers counterparties a wide range of operations: transaction/settlement business, treasury operations, trade finance and arrangement of syndicated loan facilities for banks of the CIS countries.

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  • 31.07.2020
    Bank news
    TRANSKAPITALBANK UPDATED ITS US$100MLN LT2 DEBT VIA CONSENT SOLICITATION EXERCISE

    TransKapitalBank has finalized a liability management transaction to amend the terms of U.S.$100,000,000 10.00 per cent. loan participation notes (ISIN: XS0311369978) issued by TRANSREGIONALCAPITAL D.A.C. and traded on the Euronext Dublin.

    The main purpose of the transaction is to improve the composition of the Bank’s regulatory capital and lengthen its debt redemption profile. The proposed amendments to the loan were approved by a duly qualified majority of the investors at the meeting of noteholders held on 19 June 2020.

    These amendments comply with the requirements for including the subordinated eurobond loan as a source of additional capital according to CBR Regulation No. 646-P dated 4 July 2018 "On the methodology for determining own funds (capital) of credit organizations ("Basel III").

    The Central Bank of Russia approved the amendments made to the terms of the subordinated eurobond issue and the subordinated loan agreement dated 16th July 2007, which were approved by the bondholders via the consent solicitation exercise.

    The capital of the Bank reached 24,2 billion rubles (39% increase), the adequacy ratios are Н1.0 – 15,74% (min 8%); Н1.1 – 8,98% (min 4.5%); Н1.2 – 12,74% (min 6%) as a result of the inclusion of this subordinated debt in the Bank’s additional capital sources.

    Upon receipt of such approval from the Central Bank of Russia, TransKapitalBank is authorized to treat this subordinated debt as part of its own Tier 1 capital.

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  • 23.07.2020
    Bank news
    TKB announced financial results as of 1H 2020 according to RAS

    TKB announced financial results as of 1H 2020 according to Russian Accounting Standards (RAS). The financial result showed a positive trend in all main financial figures.

    As of 1H 2020 the Bank’s net assets totaled RUB 168 bln. TKB’s loan portfolio amounted to RUB 87.5 bln. The loan portfolio was composed mainly of corporate loans that reached RUB 62.5 bln. The retail portfolio consisted mainly of mortgages, was RUB 25 bln.

    Net interest income exceeded RUB 2 bln. Net fee and commission income amounted to RUB 1.2 bln. Profit before income tax equaled RUB 1.2 bln. The Bank’s capital – RUB 17.4 bln.

    Capital adequacy ratio (Н1.0) was at the point of 12.07% (min required 8%) as of 01.07.2020.

    Quick liquidity ratio Н2 was at the level of 142.97% (min required 15%), current liquidity ratio Н3 stood at 152.93% (min required 50%), long-term liquidity ratio Н4 – 39.73% (max required 120%).

    Information about TKB Group:
    TKB Group includes TransKapitalBank and Investtradebank. TKB Group is in TOP-30px; Russian banks by assets. TKB Group has wide coverage of around 100 points of sales across 31 regions of Russia. TKB has 4 main business focuses: corporate and SME lending (TOP15 in Russia), mortgages (TOP-15 Russian banks), factoring. Being a key partner of the EAEU/CIS/SCO integration processes, TKB implements program of comprehensive banking services for financial institutions “Bank for Banks” and offers counterparties a wide range of operations: transaction/settlement business, treasury operations, trade finance and arrangement of syndicated loan facilities for banks of the CIS countries.

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  • 09.06.2020
    Bank news
    TKB’s authorized capital was increased by RUB 1 billion upon the results of additional share issue

    TKB announced the completion of additional share issue.

    Share distribution method: private offering. The bank issued 500 000 shares at the actual price RUB 2 000 per 1 share.

    Upon results of additional share issue, the bank’s authorized capital reached 2 736 925 RUB thousand. Total volume of additional share issue amounted to RUB 1 billion.

    The growth of authorized capital improves financial stability of the bank and allows increasing volumes of business activities.

    As of 01.05.2020 capital adequacy ratio Н1.0 was 12.0% (min. required – 8%), base capital adequacy ratio Н1.1 – 9.2% (min. required – 4.5%), core capital adequacy ratio Н1.2 – 10.6% (min. required – 6%).

    Quick liquidity ratio stood at 109.3% (min. required – 15%), current liquidity ratio – 248.3% (min. required – 50%).

    Information about TKB Group:
    TKB Group includes TransKapitalBank and Investtradebank. TKB Group is in TOP-30 Russian banks by assets. TKB Group has wide coverage of around 100 points of sales across 31 regions of Russia. TKB has 4 main business focuses: corporate and SME lending (TOP15 in Russia), mortgages (TOP-15 Russian banks), factoring. Being a key partner of the EAEU/CIS/SCO integration processes, TKB implements program of comprehensive banking services “Bank for Banks” which includes multicurrency settlement business, treasury operations, trade finance and arrangement of syndicated loan facilities for banks of the CIS countries.

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  • 27.05.2020
    Bank news
    TKB invested over USD 100 mln into the economy of Uzbekistan

    Over the past year, TKB provided financing for agricultural export deliveries to Russia and Kazakhstan from Uzbekistan, as well as for the Uzbek import of food additives from Italy, pharmaceutical products from Slovenia, equipment from the Netherlands, vehicles and other equipment from Russia using various banking instruments, amounting to over USD 100 mln. TKB provided financing via arrangement of syndicated loan facilities and bilateral interbank loans granted to the largest Uzbek banks such as Bank Asaka, Xalq Bank, Agrobank, Mikrokreditbank, Qishlok Qurilish Bank, OrientFinansBank, InFinBank, Trustbank.

    “The recent economic reforms and liberalization of currency legislation in Uzbekistan are opening up new opportunities for expanding cooperation with the banking system of this country,” said Elena Shirinskaya, Deputy Chairman of the Management Board of TKB. - Moody’s, S&P and Fitch agencies assess the outlook on Uzbekistan's rating as “stable”.

    In February 2019, Uzbekistan issued the first ever Eurobonds totaling USD 1 bln on the London Stock Exchange. From July 2019 till February 2020, TKB arranged debut syndicated loan facilities for the state-owned banks Qishlok Qurilish Bank, Agrobank, Bank Asaka and Mikrokreditbank in the total amount of EUR 240 mln and USD 42 mln. 26 investors participated in these deals. Thus, total amount of investments into the Uzbek economy via trade finance instruments, bilateral loans and syndicated loan facilities arranged by TKB, exceeded USD 300 mln”.

    Financing of the economy of Uzbekistan is carried out within the framework of TKB’s program of comprehensive banking services for financial institutions from CIS/EAEU/SCO - “Bank for Banks”. TKB is the core partner of integrational processes EAEU and CIS. TKB created the outstanding ecosystem for interregional settlements within Central Asia. In 2019 TKB supported settlements under trade turnover of Uzbekistan for over USD 800 mln with the help of created settlement infrastructure.

    Information about TKB Group:
    TKB Group includes both TransKaapitalBank and Investradebank. TKB Group includes in among TOP-30 Russian banks and located in 31 regions of the Russian Federation. TKB’s strategic business lines are as follows: SME lending (TOP-15 Russian banks), mortgage lending (TOP-15 Russian banks), factoring and project “Bank for Banks” – Program of comprehensive banking services for financial institutions from countries – participants of EAEU/CIS/SCO. The program includes multicurrency settlements, treasury operations, trade finance and organization of syndicated loan facilities.

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