TKB Group announced its IFRS financial results as of 2020. Net profit increased to RUB 2,046 bln, total comprehensive income amounted RUB 2,131 bln.
TKB Group’s capital increased by 50% and reached RUB 29,54 bln as of December 31, 2020 (for comparison RUB 19.8 bln in 2019), mainly due to an additional issue of shares and inclusion of perpetual subordinated loans in capital.
As of December 31, 2020 assets increased by 9,3% and totaled RUB 301 bln, compared to RUB 275 bln as of the beginning of 2020.
TKB Group’s loan portfolio amounted to RUB 122.2 bln at the end of 2020. The portfolio is based on loans to SMEs (38,7% of loan portfolio) and mortgage loans (34,7% of loan portfolio). While the share of mortgage loans in the total retail portfolio increased by 2% and amounted to 93%. A conservative approach to the analysis of credit risks (that takes into account the realities of the pandemic) and systematic work with bad debts reduced the share of Stage 3 loans by 28%.
One of the important purposes of TKB Group is both the maintaining of the existing customer base and the development of cooperation with new customers (individuals and legal entities). Due to customers reached RUB 159.2 bln. Customers portfolio was composed mainly of due to individuals (over 77%). At the same time, funds of corporate customers grew by more than 71% over the year 2020, exceeding RUB 36,3 bln (balances on current, settlement and deposit accounts increased).
TKB Group’s capital adequacy ratios were complied with a significant margin in comparison with the required minimum.
Capital adequacy ratio (Н1.0) was at the point of 16.7% (min required 8%). Base capital adequacy ratio (H1.1) stood at 10,2% (min required 4,5%), Core capital adequacy ratio (H1.2) reached 16.3% (min required 6%).
Quick liquidity ratio H2 – 103,2% (min required 15%), Current liquidity ratio H3 – 170,2% (min required 50%), Long-term liquidity ratio Н4 – 32,7% (max required 120%).
IFRS financial statements of TKB Group for 2020 are posted on the website at the link