Bank news

  • 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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  • 25.05.2020
    Bank news
    TKB develops ecosystem for interregional USD settlements within Central Asian region

    TKB became the core bank of integrational processes EAEU/CIS/SCO as a result of implementation of the Program of comprehensive banking services for financial institutions “Bank for Banks”.

    One of the main lines of TKB’s settlement business is interregional USD settlements between entities in Central Asia (Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Afghanistan).

    In 2019 the amount of payments originated by companies from Central Asian countries doubled comparing to 2018 and reached USD 1.2 bln.

    In 2019 TKB became settlement bank for the Uzbek Commodity Exchange.

    TKB offers a wide range of banking services to over 200 financial institutions from Russia/CIS and neighborhood countries that opened over 900 Vostro accounts including over 340 accounts opened for banks located in Central Asian region. Continuing reforms in Kazakhstan and Uzbekistan aimed at improvement of business climate and economy diversification, increase investment attractiveness of this region and show the growth in foreign trade operations within the region.

    Unique combination of TKB’s Vostro and Nostro networks allows seamless effecting of USD payments and thus, supports interregional trade within Central Asian region.

    Information about TKB Group:
    TKB Group includes both TransKapitalBank 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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  • 21.04.2020
    Bank news
    TKB reported RUB 1.4 bln net profit as of 1Q 2020 according to RAS

    TKB announced the results of its performance as of 1Q 2020 according to Russian accounting standards (RAS). Net profit reached RUB 1.4 bln.

    Profit was mainly generated by net interest income totaled RUB 1.2 bln and net fee and commission income equaled RUB 0.7 bln.

    The Bank’s net assets amounted to RUB 169 bln.

    Loan portfolio of TKB exceeded RUB 92.4 bln which was composed mainly of corporate loans totaled RUB 65.9 bln. The retail portfolio made-up mostly of mortgages was RUB 26.5 bln.

    TKB’s capital equaled RUB 16.9 bln. Capital adequacy ratio (Н1.0) was at the point of 12.13% (min required 8%). Tier 1 capital adequacy ratio (H1.1) stood at 8.28% (min required 4.5%). Core capital adequacy ratio (H1.2) reached 9.78% (min required 6%).

    Quick liquidity ratio Н2 was at the level of 117.22% (min required 15%), current liquidity ratio Н3 stood at 242.92% (min required 50%).

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  • 13.04.2020
    Bank news
    TKB reported RUB 1.2 bln profit as of 2019

    TKB announced the results of its performance as of the end of 2019 according to Russian accounting standards. Net profit amounted to RUB 1.2 bln.

    Net assets exceeded RUB 160 bln. Loan portfolio of TKB reached RUB 92.1 bln. The corporate loans reached RUB 66.4 bln of the total portfolio. The retail portfolio composed mainly of mortgages, was RUB 25.7 bln.

    TKB capital equaled to RUB 15.9 bln. Capital adequacy ratio (Н1.0) was at the point of 13.4% (min required 8%). Tier 1 capital adequacy ratio (H1.1) stood at 10.7% (min required 4.5%). Core capital adequacy ratio (H1.2) reached 12.1% (min required 6%).

    Liquidity ratios:
    Quick liquidity ratio – 152.7% (min required 15%)
    Current liquidity ratio – 198.2% (min required 50%)

    Information about TKB Group:
    TKB Group includes both TransKapitalBank 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) and factoring.

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  • 12.03.2020
    Bank news
    TRANSKAPITALBANK arranged syndicated loan facility for state-owned bank MIKROKREDITBANK (Uzbekistan)

    TRANSKAPITALBANK (TKB) together with Promsvyazbank arranged syndicated loan facility for the state-owned bank MIKROKREDITBANK (Uzbekistan) amounting to EUR 64 mln and USD 25 mln as Mandated Lead Arrangers (MLA) and Bookrunners. The loan is granted for general corporate purposes and financing of the trade contracts of the MIKROKREDITBANK’s customers.

    BCS Bank (Russia), International Financial Club (Russia), Eximbank of Russia (Russia), Altyn Bank (Kazakh subsidiary of CITIC Bank Corp., China), Nefteprombank (Russia), Banca Intesa (Russian subsidiary bank of the Intesa Sanpaolo Group, Italy), Expobank (Russia), Halyk Savings Bank (Kazakhstan), Belagroprombank (Belarus), Belinvestbank (Belarus), International Bank of Azerbaijan (Azerbaijan), J&T Bank (Russia) also joined this deal as Lead Arrangers.

    Elena Shirinskaya, Deputy Chairman of the Management Board outlined: “It is a debut syndicated loan facility arranged for MIKROKREDITBANK. The deal was concluded with double oversubscription within very short period. The deal attracted an outstanding club of investors from different countries – Belarus, Azerbaijan, Kazakhstan and China. During the last year over USD 100 mio has been injected into Uzbek economy via syndicated loan facilities for Qishloq Qurilish Bank and JSCB AGROBANK arranged by TKB and Promsvyazbank.

    Uzbekistan became a driver of growth in Central Asia thanks to vast economic reforms in the country. Lots of investors including World Bank, EBRD, ADB etc. are very interested in investments into Uzbekistan”.

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