MIRA INFORM REPORT

 

 

Report No. :

356540

Report Date :

31.12.2015

 

IDENTIFICATION DETAILS

 

Name :

OAO "SBERBANK ROSSII"                  

 

 

Registered Office :

Ul Vavilova d 19, 117997 G Moskva                        

 

 

Country :

Russia

 

 

Financials (as on) :

01.10.2015

 

 

Date of Incorporation :

20.06.1991

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Other monetary intermediation   

 

 

No. of Employee :

231304 (2011)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good 

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Russia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

RUSSIA - ECONOMIC OVERVIEW

 

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy towards a more market-based and globally-integrated economy, but stalling as a partially reformed, statist economy with a high concentration of wealth in officials' hands. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. Russia is one of the world's leading producers of oil and natural gas, and is also a top exporter of metals such as steel and primary aluminum. Russia's manufacturing sector is generally uncompetitive on world markets and is geared toward domestic consumption. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during 1998-2008 as oil prices rose rapidly, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. In 2014, economic growth declined further when Russia forcibly violated Ukraine’s sovereignty and territorial integrity, and interfered in Ukraine’s internal affairs. In the second half of 2014, the Russian ruble lost about half of its value, contributing to increased capital outflows that reached $151.5 billion for the year; the ruble remains volatile. Declining oil prices, lack of economic reforms, and the imposition of foreign sanctions have contributed to the downturn and created wide expectations the economy will continue to slump. In April 2015, the Russian Ministry of Economic Development predicted that the Russia’s economy will contract by 3% in 2015, and average only 2.5% growth through 2030.

 

Source : CIA

 

Company name and address

 

OAO "SBERBANK ROSSII"                  

                                                                                

Ul Vavilova d 19, 117997 G Moskva                        

                                                                               

Tel: 74959575731                       

E-Mail: sberbank@sberbank.ru           

Web: www.sberbank.ru            

    

 

Company Identification Details

 

Terms of                       Mostly within agreed terms, partly dalays of               (32)

payment                       payments / payment reminders.                                  

Business                       Business connection and credit are permissible.            (21)

connection                                                                     

Established on              20/06/1991 - Public limited company (OAO)                      

Registered on               16/08/2002, Upravlenie MNS Rossii po g.Moskve, RegNr.:         

                                    1027700132195                                                  

Tax number:                  7707083893                                         

Statistical number:         00032537                                    

Registered                     RUB    67 760 844 000,-    

capital                                                                        

Stockholders                 Bank Rossii                                           %                 60,57     

                                    ul Neglinnaya d 12, 107016 g                                   

                                    Moskva                                                         

                                    Beginning of validity: 26.07.2012                              

                                    Other legal entities                                 %                 18,92    

                                    ZAO "DKK"                                           %                  9,85    

                                    ul Spartakovskaya d 12, 105066 g                               

                                    Moskva                                                         

                                    Beginning of validity: 26.07.2012                              

                                    Zakrytoe aktsionernoe obshchestvo       %                  7,77    

                                    "Natsionalnyy depozitarnyy tsentr"                             

                                     per Sredniy Kislovskiy d 1/13 str                              

                                    4, 125009 g Moskva                                             

                                    Citizens of Russia                                 %                  2,55    

 

 

Board of directors 

 

Aleksey Leonidovich Kudrin                                     

Member of the board of directors                               

Alessandro Profumo                                              

Member of the board of directors                               

Anton Germanovich Siluanov                                     

Member of the board of directors                               

Dmitriy Vladislavovich Tulin                                    

Member of the board of directors                               

Gennadiy Georgievich Melikyan                                  

Member of the board of directors                               

Georgiy Ivanovich Luntovskiy                                    

Member of the board of directors                               

Martin Grant Gilman                                            

Member of the board of directors                               

Nadezhda YUrevna Ivanova                                        

Member of the board of directors                               

Nadya Uells                                                    

Member of the board of directors                               

Sergey Anatolevich SHvetsov                                    

 Member of the board of directors                               

Sergey Germanovich Sinelnikov-Murylev                          

Member of the board of directors                               

Vladimir Aleksandrovich Mau                                    

Member of the board of directors                               

 

 

Management     

 

Marina YUrevna Lukyanova                                       

Director of accounting                

 

                         

Sole Executive  Body

 

German Oskarovich Gref                                         

President              

 

                                       

General data   

 

   Main activity:                                                 

                Other monetary intermediation                           (65.12)

                Full name:                                                     

                Publichnoe aktsionernoe obshchestvo "Sberbank Rossii"          

                Name in foreign language:                                      

                Sberbank of Russia                                             

                Short name:                                                    

                PAO "Sberbank Rossii"                                          

                                                                               

                Residence address:                                             

                ul Vavilova d 19, 117997 g Moskva                              

                Tel:       74959575280 /  74959575731                                            

               E-Mail:                                                        

                sberbank@sberbank.ru                                            

                Web:                                                           

                www.sberbank.ru                                                

                Office address:                                                 

                The department of the bank and securities subsidiaries         

                ul. B. YAkimanka 42 str. 2, 119049 g. Moskva                   

                Tel:                                                            

                74955058885                                                    

                Telefax:                                                       

                74955058884                                                     

                E-Mail:                                                        

                invocb@sberbank.ru                                             

 

 

Other activities         

 

Employees                   2010    231666 Employees                                        

                        2011    231304 employees      

 

                                

Annual turnover

 

31/12/2005      Enterprise turnover RUB   233 396 464 000,-    

31/12/2006      Enterprise turnover RUB   295 303 015 000,-    

31/12/2007      Enterprise turnover RUB   411 442 988 000,-    

31/12/2008      Enterprise turnover RUB   623 901 911 000,-    

31/12/2009      Enterprise turnover RUB   811 316 235 000,-    

31/03/2010      Enterprise turnover RUB   207 829 000 000,-     

31/12/2010      Enterprise turnover RUB   796 993 292 000,-    

31/03/2011      Enterprise turnover RUB   197 760 000 000,-    

31/12/2011      Enterprise turnover RUB   837 887 816 000,-    

 

 

Remarks 

 

OAO “Sberbank” participated in state inspections               

                                                                               

15.09.2011 "Sberbank" and Japanese Mizuho Corporate Bank signed an agreement on cooperation in investment and commercial activity                                           

                                                                            

09.12.2011 portfolio of outstanding loans on credit cards  Savings exceeded 50 billion rubles                             

                                                                                

12.09.2011 - Sberbank of Russia will provide Belarus state enterprise  JSC "Belaruskali" loan of $ 1 billion without requiring a pledge of shares                                   

                                                                                

60.25% shares of OAO "Sberbank of Russia" is controlled by the Central Bank of Russia                                     

                                                                                

In 1991, the Savings Bank became the property of the Central Bank and  was registered as                                    

"Joint-Stock Commercial Savings Bank of Russian Federation."   

                                                                                

Moscow Bank for Savings Bank of Russia is involved in corporate  philanthropy programs, and supporting the organization of celebrations and social action in Moscow.      

                                                                                

The register is a Joint Stock Company "Registration Company"  Stataus, "it is impossible to identify all the founders.       

 

The company has 19,089 branches in Russia BOARD OF DIRECTORS:                                            

                                                                                

Bazarov Alexander - Member of the Board, Vice President, Director of the Department of Global Customer Solutions

                                                                                

Mounds Denis A. - Member of the Board, Senior Vice President   

                                                                               

Kanovitch Olga - Member of the Board, Senior Vice President    

                                                                                

Morozov, Alexander - Member of the Board, Vice President, Director of Finance

                                                                               

Orlov Victor M. - Member of the Board, Senior Vice President   

                                                                               

 

Restructured loans             

                              

Lending to corporate customers:                                

Unexpired credits evaluated on a collective basis - 574 490 000 000 rubles (76.9%)

Unexpired credits evaluated on an individual basis - 43.636 billion rubles (5.8%)

Loans past due debts for a period of 1 to 90 days - 28.689 billion rubles (3.8%)

Loans past due debts for more than 90 days - 78.406 billion rubles (10.5%)

TOTAL: 725 221 000 000 rubles (97.0)                           

                                                                               

Lending to individuals:                                        

Unexpired credits evaluated on a collective basis - 8.82 billion rubles (1.2%)

Loans past due debts for a period of 1 to 90 days - 250 000 000

Loans past due debts for more than 90 days - 13.428 billion rubles

TOTAL: 747 721 000 000 rubles                                   

                                                                               

Credit limit is very high.                                     

Bank relations  SBERBANK ROSSII OAO:                                           

Central address: RU MOSKVA, UL.VAVILOVA,19                     

Account number: 30301810000006000001

      

Financials

                  

A. The enclosed balance of 2015 is originated from other source, no data available about authentication. (01.10.2015 - 1000 RUB) - Warning! The figures stated in the balance sheet may contain error(s).                              

 

balance                            A 01.10.2015               B               C

1. ASSETS                                                                       

Cash                                567 999 089                                

Accounts of financial               498 942 027                                

institutions in the Central                                                     

Bank of Russian Federation                                                     

Required reserves                   109 884 260                                

Accounts in financial               680 911 049                                

institutions                                                                   

Net investments in securities,      437 188 067                                

estimated at fair value by                                                     

profit or loss                                                                  

Net loans receivable             16 476 417 442                                

Net investments in securities     1 847 500 300                                

and other financial assets                                                      

available for sale                                                             

Investments in subsidiaries         451 192 445                                

and associated organizations                                                    

Net investments in securities       349 318 780                                

held to maturity                                                               

Fixed assets, intangible            472 255 784                                 

assets and inventories                                                         

Other assets                        463 037 136                                

>Total assets                   >21 816 869 918                                 

>2. LIABILITIES                                                                

Loans, deposits and other         1 509 811 904                                

funds of the Central Bank of                                                   

Russian Federation                                                             

Liabilities to credit               542 627 655                                

institutions                                                                   

Customer accounts (non-          16 237 348 326                                

financial institutions)                                                        

Deposits of individuals           9 137 912 620                                

Financial liabilities,              289 496 916                                

estimated at fair value by                                                     

profit or loss                                                                 

Debt securities issued              591 503 096                                

Other liabilities                   307 609 579                                

Reserves for possible losses         43 616 510                                

on contingent credit related                                                    

liabilities, other possible                                                    

losses and transactions with                                                   

residents of offshore zones                                                     

>Total liabilities              >19 588 978 897                                

>3. EQUITY                                                                     

Funds of shareholders                67 760 844                                

(participants)                                                                 

Treasury shares (shares)                      0                                

repurchased from shareholders                                                  

(members)                                                                       

Share premium                       228 054 226                                

Reserve fund                          3 527 429                                

Reassessment at fair value of       -79 392 082                                

securities available for sale                                                  

Reassessment of capital assets       73 253 992                                

Retained earnings (uncovered      1 790 253 924                                

loss) of previous years                                                        

Retained earnings (loss) for        144 432 688                                

the reporting period                                                            

>Total equity                    >2 227 891 021                                

4. OFF-BALANCE SHEET                                                           

COMMITMENTS                                                                     

Irrevocable commitments of        7 876 355 667                                

financial institution                                                          

Issued by financial               1 495 186 617                                 

institution guarantees and                                                     

sureties                                                                       

Total interest income,            1 477 251 589                                

including:                                                                     

from placements of assets in         32 857 786                                

credit institutions                                                            

from loans to customers (non-     1 347 980 892                                

financial institutions)                                                        

from providing financial lease                0                                

(leasing)                                                                       

from investments in securities       96 412 911                                

Total Interest expense,             873 011 892                                

including:                                                                      

on borrowed funds of financial      215 815 340                                

institutions                                                                   

on borrowed funds of clients        617 045 489                                 

(non-financial institutions)                                                   

on debt securities issued            40 151 063                                

Net interest income (negative       604 239 697                                 

interest margin)                                                               

Total change in reserve for        -190 926 568                                

possible loan losses, loan and                                                 

similar debt, funds placed in                                                  

correspondent accounts, as                                                     

well as accrued interest                                                       

income, including:                                                              

Net interest income (negative       413 313 129                                

interest margin) after                                                         

provision for possible losses                                                   

Net income from operations          -49 148 895                                

with securities at fair value                                                  

by profit or loss                                                               

Net income from operations           -3 788 658                                

with securities, available for                                                 

sale                                                                            

Net income from operations                 -659                                

with securities held to                                                        

maturity                                                                        

Net income from foreign              80 986 841                                

currency transactions                                                          

Net income from foreign              12 088 015                                

currency revaluation                                                           

Income from participation in          3 294 929                                

other legal entities                                                           

Fee and commission income           209 965 272                                

Commission expenses                  22 128 165                                

Change in reserve for possible           26 700                                

losses on securities available                                                 

for sale                                                                       

Change in reserve for possible       -4 712 210                                

losses on securities held to                                                    

maturity                                                                       

Change in reserve for other         -26 238 263                                

losses                                                                          

Other operating income               10 230 851                                

Net income (loss)                   623 888 987                                

Operating expenses                  424 909 703                                 

Income (loss) before taxation       198 979 284                                

Assessed (paid) taxes                54 546 596                                

Income (loss) after taxation        144 432 688                                

Total payments from profit                    0                                

after tax, including:                                                          

distribution to shareholders                  0                                

(participants) in the form of                                                  

dividends                                                                      

deductions for forming and                    0                                

maintenance of a reserve fund                                                  

Retained earnings (loss) for        144 432 688                                

the reporting period                                                           

 

Ratios                                  

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.42

UK Pound

1

Rs.98.54

Euro

1

Rs.72.60

RUB

1

Rs. 0.90

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ASH

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.