TransKapitalBank (TKB) published its IFRS interim financial statement as of 3Q 2020.
The financial result shows a positive trend in all key areas.
As of 3Q 2020 assets totaled RUB 287 bln, with 4.4% increase compared to the beginning of 2020.
The capital increased by 42.3% and reached RUB 28 bln. It is necessary to outline that in 2020 TKB was one of the few Russian banks that has significantly increased its capital.
Total comprehensive income of TKB Group amounted to RUB 655 mln as of 3Q 2020. Net interest income reached RUB 4.5 bln. Net fee and commission income was about RUB 2.1 bln. Due to customers totaled RUB 161.7 bln.
TKB Group’s loan portfolio reached RUB 121.6 bln less provisions. The loan portfolio was composed mainly of corporate loans that amounted to RUB 67.5 bln. The retail portfolio consisted mainly of mortgages, was RUB 54.1 bln.
Capital adequacy ratio (Н1.0) was at the point of 16.085% (min required 8%) as of 01.10.2020. Liquidity ratios:
- Quick liquidity ratio Н2 – 97.8 % (min required 15%)
- Current liquidity ratio Н3 – 156.7% (min required 50%)
- Long-term liquidity ratio Н4 – 30.7% (max required 120%)
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: mortgages (TOP-15 in Russia), corporate and SME lending (TOP15 in Russia), e-commerce business: internet acquiring and C2C transfers (TOP-10 in Russia). 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.