SCM GROUP PUBLIC REPORT 2011

In November the bank co-underwrote the bonds issue
of Pridneprovskaya, South-Western, Donetsk, South, Odessa,
and Lvov Railways, in total worth $226m (1.8bn UAH).
Renaissance Capital Bank
During the reporting year, Renaissance Capital Bank expanded
its presence in Ukraine from 17 to 25 Oblasts, including
Crimea. The coverage of the regional network expanded
from 28 to 142 branches.
The bank's net profit at the end of 2011 amounted to
$2.11m.
The bank's assets increased by 39.72% to $71.05 m, as
of December 31, 2011.
In 2011, the bank sold its loan portfolio to First Ukrainian
International Bank.
In February, Ukraine's largest retail chains renewed their
designated-purpose loan programs. As a result, the share
of designated-purpose consumer loan sales in the bank's
portfolio increased to 42%. The bank also launched the partnership
program for the cross-selling of designated-purpose
cash loans. By december the number of project partners was
257.
ASKA
During the reporting year, ASKA collected $52.7m of insurance
premiums, including $40.2m from the voluntary programs
and $12.5m – from the mandatory ones. The overall
volume of collected premiums grew 44.2% year-on-year,
while the volume of voluntary insurance premiums grew by
38.1% year-on-year, and the volume of mandatory insurance
premiums grew by 69.3% year-on-year.
The amount of insurance payments in 2011 was $18.75m
including $14.44m under the voluntary programs and
$4.3m – under the mandatory programs. The overall volume
of payments grew 24.3% year-on-year, while the volume
of payments under the voluntary programs grew by 25.3%,
and under the mandatory programs – by 21.4%.
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In 2011, ASKA concluded 307,000 agreements, of those
47,400 – for voluntary programs and 259,600 – for mandatory
programs.
51,415 claims were settled during the reporting year.
As of December 31, 2011, the volume of insurance reserves
amounted to $28.7m, having grown 47.2% year-on-year.
The largest share of ASKA's insurance portfolio is occupied by
property insurance, accident insurance, transportation owners'
civil responsibility insurance, and vehicle insurance.
ASKA-Life
In 2011, the volume ASKA-Life collected $4.5m of insurance
premiums – 3.3 times more, compared to 2010.
As of December 31, 2011, 147,721 persons purchased life
insurance from ASKA-Life – 1.4 times more, compared to
2010.
The volume of the insurance payments made during the reporting
year amounted to $1.5m, while the volume of the surrender
value payments made amounted to $0.044m.