TKB Group announces results of performance as of 3Q 2021 according to International Financial Reporting Standards (IFRS).
Net profit of TKB Group reached RUB 3.2 bln which exceeds 6 times the result of the same period in 2020. Net interest income amounted to RUB 7.1 bln and showed a growth of 55% comparing to the same period last year. CTI (operating costs to income) was 46.1%.
As of September 30, 2021 Group's capital grew by 2.7% comparing to the figures of December 31, 2020 and equaled RUB 30.3 bln. The TKB Group's assets were RUB 330.9 bln, demonstrating an increase of 9.9%.
TKB Group's loan portfolio increased by 3.4% and amounted to RUB 167 bln. NPLs on a net basis decreased from 6.2% as of December 31, 2020 to 4.2% as of September 30, 2021. NPLs' provisions - over 107%.
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 15.1% (min required 8%), Base capital adequacy ratio (H1.1) reached 9.4% (min required 4.5%), Core capital adequacy ratio (H1.2) - 14.3% (min required 6%).
Quick liquidity ratio (H2) - 86.7% (min required 15%), current liquidity ratio (H3) - 134.0% (min required 50%), long-term liquidity ratio (H4) - 38.0% (max required 120%).