Corporate Governance
The Bank’s main decision-making body is General Meeting of Shareholders. The Board of Directors reports to General Meeting of Shareholders and responsible for appointment of members of the Executive Board and its Chairman as well as determination oаstrategic priorities in the Bank’s development.
Shareholders

PPFIN Region and Techsun are beneficially owned by a group of businessmen: Alexey Maslovsky, Andrey Vdovin and Peter Hambro.

PPFIN Region and Techsun are parts of VMHY group with investments in banking, insurance, retail, IT, gold and iron ore mining, real estate, leasing, factoring. The group’s net assets are USD 2.4 bln.

International Finance Corporation (IFC) is an investment arm of the World Bank Group

Executive Board
Acting Chairman of the Executive Board
Deputy Chairman of the Executive Board
Member of the Executive Board
Ratings
CCC/RWN
Long-Term Foreign and
Local Currency Issuer
Default Rating (IDR)
C/RWN
Short-Term IDR
f
Viability Rating
5
Support Rating
NF
Support Rating Floor
ruCC, Negative Outlook
Financial Results and Disclosure
Key perfomance indicators
ASSETS, RUB mln 2016 2015 2014 2013 2012 2011 2010 2009
Securities 21 399 27 955 18 899 16 900 15 813 9 851 7 485 3 758
Loans (gross) 86 072 94 012 98 719 86 236 61 388 39 660 22 116 11 675
Retail Loans 49 474 55 101 64 560 59 267 43 269 25 782 13 163 7 407
Corporate Loans 36 598 38 911 34 159 26 969 18 119 13 878 8 953 4 268
Loss Loan Reserves (17 083) (19 097) (13128) (5 811) (2 920) (1 808) (1 800) (1 932)
Total Assets 119 629 143 069 130 467 118 556 92 176 60 530 41 781 19 823
LIABILITIES 2016 2015 2014 2013 2012 2011 2010 2009
Due to banks 2 345 3 972 10 722 6 995 7 131 3 910 1 723 542
Retail Customer Accounts 70 627 74 210 58 633 50 480 43 385 28 936 20 768 10 315
Corporate Customer Accounts 19 726 29 816 25 865 30 890 21 758 17 405 11 554 5 732
Debt securities issued 1 956 4 684 6 507 6 104 4 184 538 1 518 208
Total liabilities 105 451 127 173 115 611 103 966 80 647 51 805 36 287 17 228
Total Equity 14 177 15 895 14 856 14 590 11 529 8 724 5 493 2 595
Income statement 2016 2015 2014 2013 2012 2011 2010 2009
Net Interest Income 7 855 7 241 10 680 8 928 6 513 4 593 2 387 1 557
Net Fee &Commission Income 2 844 2 258 3 259 3 273 1 995 923 498 239
Operating Income 12 031 12 375 14 473 14 207 10 106 6 390 3 791 2 129
Personnel Expenses (3 823) (3 236) (3 530) (3 897) (2 997) (2 190) (1 105) (677)
Administrative Expenses (2 426) (2 345) (1 813) (1 965) (1 393) (1 039) (716) (513)
Net Profit (2 075) (1 585) 50 3 113 3 270 2 193 1 978 172
Key Ratios, % 2016 2015 2014 2013 2012 2011 2010 2009
Net Interest Margin 7.3 6.4 10.2 11.1 11.7 11.8 10.0 18.5
Cost-to-Income 52 46.0 37.4 38.3 43.4 50.5 48.0 55.9
RoAA (1.5) -1.2 0.04 3.0 4.3 4.3 6.4 1
IFRS financial statements