Asian-Pacific Bank publishes 9M 2016 interim consolidated financial statement in accordance with International Financial Reporting Standards (IFRS)

The Group consolidated financial statements of M2M Private Bank (100% belongs to Group since July 8, 2016) for the first time. This change has a moderate effect on financial performance of the Group as the share of M2M Private Bank’s total assets is about 11% of total assets of the Group.

Key results1:

  • Net profit for 9M 2016 amounted to RUB 1 733 mln, which corresponds to ROAE of 13.3% (including net loss of M2M Private Bank for 9M 2016 amounted to RUB 45.8 mln).
  • Net fee and commission income was RUB 2 198 mln.
  • Operating income was RUB 9 722 mln.
  • Total assets amounted to RUB 152 158 mln at the end of reporting period.
  • Total equity reached RUB 18 900 mln.

Key Profit and Loss Indicators1

  • Net profit for the 3Q 2016 was RUB 684 mln compared to net profit of RUB 568 mln for the 3Q 2015. As a result net profit for 9M 2016 amounted to RUB 1 733 mln in comparison with net loss of RUB 1 978 mln for 9M 2015. 
  • Net interest income for 3Q 2016 was RUB 2 043 mln. Net interest income for 9M 2016 amounted to RUB 5 676 mln, up by 4% from RUB 5 462 mln for the same period of the last year.
  • Net interest margin was 6.5% for 9M 2016, 7.2% for the 3Q 2016 comparing to 6.4% for the previous quarter of 2016.
  • Net fee and commission income for the 3Q 2016 amounted to RUB 865 mln, which was 16% higher compared to the results of the 2Q 2016.  As a result net fee and commission income for 9M 2016 was RUB 2 198 mln against RUB 1 518 mln for the same period of the previous year. The share of net fee and commission income in total operating income was 23%.
  • Positive result from transactions with securities and financial instruments as of 9M 2016 was RUB 606 mln compared to RUB 334 mln for 9M 2015. Net result from operations with precious metals increased by 63% for 9M 2016 compared to the same period of the last year and amounted to RUB 119 mln.
  • Operating income for the 3Q 2016 increased by 20% compared to the 2Q 2016 and amounted to RUB 3 547 mln. Operating income for 9M 2016 was RUB 9 722, which was 10% higher than that of 9M 2015.
  • General and administrative expenses for the 3Q 2016 amounted to RUB 1 877 mln and RUB 4 755 mln for 9M 2016. Cost-to-income ratio was at 49%.
  • Loan impairment charge in 3Q 2016 almost remained at the level of 2Q 2016 and amounted to RUB 755 mln, which corresponds to the cost of risk of 3.0%. Cost of risk for 9M 2016 was 3.6% against 9.9% for 9M 2015.

  Key Balance Sheet Indicators1

  • Total assets amounted to RUB 152 158 mln as at September 30, 2016 (incl. М2М Private Bank total assets of RUB 16 418 mln as at September 30, 2016).
  • Net loans to customers increased by 18% in 9M 2016 to RUB 88 756 mln (incl. М2М Private Bank net loans of RUB 13 365 mln as at September 30, 2016).
  • Customer accounts amounted to RUB 110 048 mln as at September 30, 2016 (incl. М2М Private Bank customer accounts of RUB 7 129 mln). The share of current accounts was 23% from total customer accounts for 9M 2016.
  • Loans to deposits ratio slightly increased to 99% as at end of 9M 2016.
  • Total equity amounted to RUB 18 900 mln as at the end of 9M 2016.

Key financial indicators1

Balance Sheet, RUB mln

9M16

2015

y-t-d

2014

Assets

152 158

143 069 

6%

130 467

Liabilities

133 258

127 173

5%

115 611

Equity (incl. minority interest)

18 900

15 896

19%

14 856

Gross Loans

108 554

94 013

15%

98 719

Customer Accounts

110 048

104 027

6%

 

Key ratios

LLP/Gross Loans

18%

20%

 

13%

Loans-to-Deposits

99%

90%

 

117%

 

Profit & Loss, RUB mln

’16

’15

y/y

3Q’16

2Q’16

q/q

Net interest income

5 676

5 462

4%

2 043

1 801

13%

Net fee and commission income

2 198

1 518

45%

865

747

16%

Net profit/(loss)

1 733

(1 979)

-

684

568

20%

General & administrative expenses

4 755

4 058

17%

1 877

1 465

 

28%

Key ratios

 

Net interest margin

6,5%

6,6%

 

7,2%

6,4%

 

Cost-to-income

49%

46,1%

 

53%

46,6%

 

ROAE

13,3%

(17,4%)

 

15,1%

11,9%

 

ROAA

1,6%

(2,0%)

 

1,9%

1,4%

 

Cost of Risk

3,6%

9,9%

 

3,0%

3,3%

 


1 This financial statement indicated financial performance of the Group as at October 1, 2016 and excludes subsequent events related to regulatory measures imposed on M2M Private Bank. These events, mainly attributed to additional loan loss provisions in accordance with Russian Accounting Standards, indirectly result in depreciation of assets under IFRS and will be fully reflected in the annual report.


Asian-Pacific Bank is one of the largest privately-owned banks in the Eastern part of the Russian Federation. It was established in 1992. APB provides full range of banking services to individuals, SME and corporate customers. Branch network of APB includes 209 branches in 18 regions of Russia. Head office is located in Blagoveschensk (Amur oblast).

#49 by total asset as at October 1, 2016 by Interfax - 100

Central Bank License #1810 by операций №1810 since August 4, 2015

Contact us:
ir@atb.su   +7 495 988 30 61 (вн. 1217)