SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
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ASKA financial indicators<br />
41<br />
<strong>SCM</strong> <strong>GROUP</strong> <strong>PUBLIC</strong> <strong>REPORT</strong><br />
CREATING SUSTAINABLE VALUE<br />
Indicators, $, m <strong>2011</strong> 2010 Dynamics, %<br />
Insurance assets 65 56 +16.07<br />
Capital 15 16 –6.25<br />
Insurance reserves 35 31 +12.9<br />
Insurance premiums 55 42 +30.93<br />
Insurance payments 21 17 +23.33<br />
Net profit (loss) (2.1) (0.47) +346.8<br />
ASKA-life financial indicators<br />
Indicators, $, m <strong>2011</strong> 2010 Dynamics, %<br />
Insurance assets 24 22 +9<br />
Capital 4.4 3 +46.67<br />
Insurance reserves 18.5 18.5 -<br />
Premiums 4.5 1.4 +221.43<br />
Payments 1.4 0.8 +75<br />
Net profit (loss) 1.4 (0.1) +1.500<br />
Focus points of the year<br />
First Ukrainian International Bank<br />
In <strong>2011</strong>, the integration of First Ukrainian International Bank<br />
and Dongorbank was completed. Integration with Dongorbank<br />
helped to improve First Ukrainian International Bank's<br />
balance structure and placed it among the top 10 largest<br />
banks in Ukraine.<br />
The bank's net profit in <strong>2011</strong> amounted to $56.4m.<br />
In <strong>2011</strong>, the net interest revenue increased by 15.62% (to<br />
$122.7m) year-on-year, while the commission earnings increased<br />
by 15.9% (to $32.5m).<br />
The bank's assets grew by 15.59% – to $3.72m as of December<br />
31, <strong>2011</strong>. The total loan portfolio increased by 9.8%<br />
– to $2.42bn. That number includes $1.82bn of corporate<br />
loans (11.9% growth year-on-year) and $0.61bn of indi-<br />
vidual loans (3.9% growth year-on-year). The bank's statutory<br />
capital increased by $95.4m – to $429m.<br />
The external debt portfolio decreased by $109m (by 27.1%)<br />
and by the end of the reporting year amounted to $293.6m.<br />
Of the stated amount, $245m was received by issuing Eurobonds<br />
and $48m from other borrowed funds.<br />
The network of POS-terminals grew by 28.5% and as of December<br />
31, <strong>2011</strong> included 6,431 terminals, being 4th largest<br />
POS-terminal network in Ukraine. The network's turnover<br />
increased more than twofold year-on-year, excceding<br />
$195m.<br />
In May, Radius, a network of ATM's, serviced by the processing<br />
center of First Ukrainian International Bank, merged with<br />
the ATM network of VTB Bank (400 ATMs in 14 Oblasts<br />
of Ukraine). The merger allows First Ukrainian International<br />
Bank and its partners to service clients with low commission<br />
charges in close to 4,000 ATMs of the joint network.<br />
<strong>SCM</strong> Group's business
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