SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011 SCM GROUP PUBLIC REPORT 2011
Financial services. Banking and insurance SCM’s Financial Services business is represented by two banks and two insurance companies. • First Ukrainian International Bank is one of the largest banks in Ukraine. It is a diversified banking institution rendering a full range of services to corporate and individual clients. The bank is among Ukraine’s top 10 banks by key financial indicators. The bank’s regional network includes 169 branches. • Renaissance Capital Bank specializes in individual loans and operates under Renaissance Credit brand. The bank’s regional network includes 500 branches all over Ukraine. 40 • ASKA is one of the leading insurance companies in Ukraine. Its regional network includes 41 offices and 60 branches all over Ukraine. • ASKA-Life is one of Ukraine’s market leaders in life insurance, providing a full range of relevant services. First Ukrainian International Bank's financial indicators Indicators, $, m 2011 2010 Dynamics, % Assets 3,721 3,219 +15.6 Capital 605 527 +14.8 Loan portfolio 2,423 2,207 +9.79 Net profit (loss) 56 71 –21.13 Renaissance Capital Bank's financial indicators13 Indicators, $, m 2011 2010 Dynamics, % Assets 71 n/a n/a Capital 33 n/a n/a Loan portfolio (including funds in other banks) 64 n/a n/a Net profit (loss) 2 n/a n/a 13 Renaissance Capital Bank was purchased by SCM in 2011.
ASKA financial indicators 41 SCM GROUP PUBLIC REPORT CREATING SUSTAINABLE VALUE Indicators, $, m 2011 2010 Dynamics, % Insurance assets 65 56 +16.07 Capital 15 16 –6.25 Insurance reserves 35 31 +12.9 Insurance premiums 55 42 +30.93 Insurance payments 21 17 +23.33 Net profit (loss) (2.1) (0.47) +346.8 ASKA-life financial indicators Indicators, $, m 2011 2010 Dynamics, % Insurance assets 24 22 +9 Capital 4.4 3 +46.67 Insurance reserves 18.5 18.5 - Premiums 4.5 1.4 +221.43 Payments 1.4 0.8 +75 Net profit (loss) 1.4 (0.1) +1.500 Focus points of the year First Ukrainian International Bank In 2011, the integration of First Ukrainian International Bank and Dongorbank was completed. Integration with Dongorbank helped to improve First Ukrainian International Bank's balance structure and placed it among the top 10 largest banks in Ukraine. The bank's net profit in 2011 amounted to $56.4m. In 2011, the net interest revenue increased by 15.62% (to $122.7m) year-on-year, while the commission earnings increased by 15.9% (to $32.5m). The bank's assets grew by 15.59% – to $3.72m as of December 31, 2011. The total loan portfolio increased by 9.8% – to $2.42bn. That number includes $1.82bn of corporate loans (11.9% growth year-on-year) and $0.61bn of indi- vidual loans (3.9% growth year-on-year). The bank's statutory capital increased by $95.4m – to $429m. The external debt portfolio decreased by $109m (by 27.1%) and by the end of the reporting year amounted to $293.6m. Of the stated amount, $245m was received by issuing Eurobonds and $48m from other borrowed funds. The network of POS-terminals grew by 28.5% and as of December 31, 2011 included 6,431 terminals, being 4th largest POS-terminal network in Ukraine. The network's turnover increased more than twofold year-on-year, excceding $195m. In May, Radius, a network of ATM's, serviced by the processing center of First Ukrainian International Bank, merged with the ATM network of VTB Bank (400 ATMs in 14 Oblasts of Ukraine). The merger allows First Ukrainian International Bank and its partners to service clients with low commission charges in close to 4,000 ATMs of the joint network. SCM Group's business
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Financial services. Banking and insurance<br />
<strong>SCM</strong>’s Financial Services business is represented by two<br />
banks and two insurance companies.<br />
• First Ukrainian International Bank is one of the largest<br />
banks in Ukraine. It is a diversified banking institution<br />
rendering a full range of services to corporate and<br />
individual clients. The bank is among Ukraine’s top 10<br />
banks by key financial indicators. The bank’s regional<br />
network includes 169 branches.<br />
• Renaissance Capital Bank specializes in individual<br />
loans and operates under Renaissance Credit brand. The<br />
bank’s regional network includes 500 branches all over<br />
Ukraine.<br />
40<br />
• ASKA is one of the leading insurance companies<br />
in Ukraine. Its regional network includes 41 offices and<br />
60 branches all over Ukraine.<br />
• ASKA-Life is one of Ukraine’s market leaders in life insurance,<br />
providing a full range of relevant services.<br />
First Ukrainian International Bank's financial indicators<br />
Indicators, $, m <strong>2011</strong> 2010 Dynamics, %<br />
Assets 3,721 3,219 +15.6<br />
Capital 605 527 +14.8<br />
Loan portfolio 2,423 2,207 +9.79<br />
Net profit (loss) 56 71 –21.13<br />
Renaissance Capital Bank's financial indicators13 Indicators, $, m <strong>2011</strong> 2010 Dynamics, %<br />
Assets 71 n/a n/a<br />
Capital 33 n/a n/a<br />
Loan portfolio (including funds in other banks) 64 n/a n/a<br />
Net profit (loss) 2 n/a n/a<br />
13 Renaissance Capital Bank was purchased by <strong>SCM</strong> in <strong>2011</strong>.
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