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Otkritie Financial Corporation
 

Otkritie Financial Corporation

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March 2010

March 2010

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    Otkritie Financial Corporation Otkritie Financial Corporation Presentation Transcript

    • MARCH 201 1 KEY FACTS AND FIGURES
    • HISTORY
      • MERGER OF
      • THREE BANKS
      • OTKRITIE INVESTBANK
      • OTKRITIE
      • COMMERCIAL BANK
      • PETROVSKY BANK
      Foundation of OTKRITIE Financial Corporation as a holding company … Pioneer of BROKERAGE Establishment of the Company as a local broker ТО P -10 in trading volume at exchanges and number of clients from 1999 to present * 1995 2004 ACQUISITION OF ASSET MANAGEMENT COMPANY Entry into asset management market 2005 … ACQUISITION OF A UK BROKERAGE COMPANY Entry into international markets 2007
      • ТО P player in ADR trading volume at LSE since 2009 *
      • FSA regulated
      ACQUISITION OF RBR BANK Development of commercial banking 200 8 … BANK VTB ACQUIRED 19.9 % STAKE IN OTKRITIE Financial Corporation 1 Q 2009 ACQUISITION OF 25% STAKE IN PETROVSKY BANK 2009 * Source: RTS, MICEX, the Company September 27 2010 О PERATING CONTROL OF SGB (Sverdlovsky Gubernsky Bank) 2010 October
      • ТО P 35 at 2010 end in net assets
      • ( RBC rating )
      INCREASE OF STAKE IN PETROVSKY BANK TO 50% 20 1 0 August … О TKRITIE CORPORATION ООО  ОАО 2010 December IFC ACQUIRED 15.7% STAKE IN OTKRITIE BANK 20 11 March
    • CORPORATE STRATEGY Goal
      • The Corporation is a universal player on the finance market with stable and diversified income base , IPO in 2013 .
      Strategy
      • Increase of income in 2011-2012 via acquisition of other banks as well as entering the insurance market;
      • Increase of income margins of the business through improving efficiency in 2012 – 2013
      • Investment attractiveness.
      Key indicators
      • Becoming one of the TOP 3 Russian investment banks by revenues;
      • Becoming one of the TOP 30 Russian banks by net assets and tier 1 capital;
      • Becoming one of the TOP 5 Russian brokerage companies by number of clients;
      • Becoming one of the TOP 20 asset management companies in Russia by value of assets under management.
    • STRUCTURE OF THE CORPORATION OTKRITIE FC JSC OTKRITIE Asset Management Ltd 100% 39% Commercial banking ОАО «Брокерский дом « ОТКРЫТИЕ » 100% 100% OTKRITIE Securities Limited Brokerage Asset management 28 % V.Belyaev B . Mints VTB Bank 39 . 23% 39.23% 19.90% BENEFICIARIES Global Markets & Investment Banking Others 1.64% OTKRITIE Bank (JSC) OTKRITIE Brokerage House JSC 17 % 16 % 67 %
    • LINES OF BUSINESS Commercial banking
      • Corporate banking
      • Retail banking
      • SME lending
      • Private banking
      Asset Management
      • Trust management
      • Management of collective investments
      Brokerage
      • Electronic trading
      • Retail brokerage
      • Prime brokerage
      • Depository services
      Global Markets and Investment Banking
      • Fixed income trading
      • Debt capital markets
      • Equity capital markets
      • Mergers & Acquisitions
      • Sales and trading
      • Money market
      • Research
    • BOARD OF DIRECTORS Board of Directors of OTKRITIE Group МИНЦ Борис Иосифович Председатель Совета директоров, Первый Вице-Президент ООО ФК «ОТКРЫТИЕ» БЕЛЯЕВ Вадим Станиславович Член Совета директоров, Президент ООО ФК «ОТКРЫТИЕ» БЕЛЯЕВ Михаил Викторович Член Совета директоров, Генеральный директор ООО ФК «ОТКРЫТИЕ» МАУ Владимир Александрович Член Совета директоров, Независимый директор ДУБИНИН Сергей Константинович Член Совета директоров КИСЕЛЕВ Олег Владимирович Член Совета директоров Board of Directors of OTKRITIE FC JSC Boris I. MINTS Chairman of the Board Vadim S. BELYAEV President, Board Member Mikhail V. BELYAEV CEO, Board Member Vladimir A. MAU Independent Director, Board Member Sergei K. DUBININ Board Member Oleg V. KISELEV Independent Director, Board Member
    • TOP MANAGEMENT Evgeniy L. DANKEVITCH Chairman of the Board , CEO, « OTKRITIE » Brokerage house (JSC). Roman Yu. LOKHOV CEO, « O TKRITIE» Securities L td. Head of Global Markets and Investment Banking. Top management of OTKRITIE Corporation Vadim S. BELYAEV Board Member, President, « OTKRITIE » FC JSC. Mikhail V. BELYAEV Board Member , CEO, « OTKRITIE » FC JSC. Irina G. LISITSINA Managing director, « OTKRITIE » Asset Management. Asset Management. Dmitry Z. ROMAEV CFO, « OTKRITIE » FC JSC . Vasiliy V. ZABLOTSKIY Chairman of the Executive Board (CEO), « OTKRITIE » Bank (JSC). Commercial Banking. Anatoliy N. PREDTECHENSKY Deputy Chairman of the Executive board , « OTKRITIE » Bank (JSC) . Risk management.
    • CORPORATE GOVERNANCE RISK MANAGEMENT AND ANALYSIS Strategy and Risk Committee Budget Committee Staff and Remuneration Committee INTERNAL AUDIT MANAGING COMMITTEE Financial Committee INTERACTION WITH GOVERNMENT BODIES INVESTOR RELATIONS Management Holding Company Board of Directors OTKRITIE Financial Corporation JSC FINANCIAL REPORTING Investment Committee
    • KEY FIGURES OF BANKING « OTKRITIE » Bank (JSC) Rated by the NRA ( November 20 10 ): A А - ( very high reliability, third level)
      • General license №2179 granted by the Central Bank of Russia on 27 .0 9 .20 10
      • RBR Commercial Bank was acquired by OTKRITIE FC in November 2008, subsequently renamed as OTKRITIE Commercial Bank
      • On September 27 Investbank OTKRITIE and Bank Petrovsky merged with OTKRITIE CB
      • Retail network across Russia (01 .01.2011):
        • 4 2 cities
        • 21 4 branches
      • 5 , 198 employees (01.01.2011)
      • 34 0 ATMs
      • Member of state program to support SME, partner of RosBR bank
      Key financial figures Rankings Key facts * Including extraordinary items Source: management accounts under Russian accounting standards (RAS)
      • As of 01 January 2011 :
      • № 32 by net assets value among TOP 500 banks of Russia ( RBC Rating )
      • № 34 by Tier 1 capital among all Russian banks ( company data by RAS )
      • As a result of 2010 :
      • № 12 largest manager of corporate bond issues ( www.cbonds.info )
      • № 11 largest underwriter of corporate bond issues (www.cbonds.info )
      Item ( RUR mln .) 3Q 2010 2010 Assets 109 970 132 800 Tier 1 capital 17 730 16 020 Net profit* 6 390 5 89 0
    • KEY FIGURES OF BROKERAGE BUSINESS RETAIL BROKERAGE ( OTKRITIE Brokerage House )
      • Regulated by the FFMS of Russia
      • Successfully operating on the market since 1 997
      • 28 4 employees ( as at 01.11.2010 )
      • No. 1 on the RTS Standard in terms of trading turnover in 2009 , during 8 months of 2010 and in October 2010 ( as quoted on www.rts.ru )
      • Provides services on the equity, bond and derivative markets
      • Internet Trading (QUIK) , training *, counselling
      INSTITUTIONAL BROKERAGE ( OTKRITIE Securities Ltd.) Source : Company data
      • Regulated by the FSA
      • Acquired in 2007 , and renamed as OSL
      • Participant of the London Stock Exchange ( LSE, EDX London) and Frankfurt Exchange ( Deutsche Börse)
      • Focused on institutional investors ( more than 100)
      • Prime Brokerage Services
      • Headquartered in London, with offices in Frankfurt and Moscow: 79 employees in total
      • Provides access to 30 leading global stock exchanges via :
        • QUIK
        • CQG
        • SunGard
        • Bloomberg
      Source : Company data * i s not regarded as educational activity; does not result in granting any education and/or qualification degree or document ** according to the data from www.mices.ru and www.rts.ru *** as per exchange rate of Central Bank of Russia at last day of respective period Number of clients Source : Company data RUR m . 2008 2009 20 10 Trading turnover ( in total ) ** 2 , 609 , 562 5 , 612 , 791 9,124,705 Clients’ assets 10 , 490 44 , 493 1 17,000 RUR m . ** * 2008 2009 10m. 20 10 Trading turnover ( in total) 66 , 700 709 , 349 1, 420 , 624 Clients’ assets 1 , 591 9,511 3 6,911 Rated by the NRA (20 11 ): ААА
    • KEY FIGURES OF ASSET MANAGEMENT BUSINESS OTKRITIE ASSET MANAGEMENT Rated by the NRA (20 10 ): АА Mutual funds managed by OTKRITIE Asset Management Return on investment of pension funds
      • OTKRITIE-Telecom MICEX Index Open-Ended Mutual Fund
      • OTKRITIE-MICEX Index OEMF
      • OTKRITIE-Equities OEMF
      • OTKRITIE-Bonds OEMF
      • OTKRITIE-Power Industry MICEX Index Interval Mutual Fund
      • No. 1 in terms of return on investment of pension savings over a three-year period from June 200 7 to September 20 10, ( RF Pension Fund data)
      • 2 6 employees
      • Assets under management as at January 01, 2011 equal to RU R 1 1 , 504 m. ( Company data )
      • Provides services to individuals and corporate clients
      • Trust management for institutional investors:
        • Money Management for Non-governmental Pension Funds
        • Management of Pension Savings of Russia’s Pension Fund
        • Management of Compensation Funds of Self-Regulatory Organizations
        • Management of Insurance Companies’ Funds
        • Management of Dedicated Funds
      Key facts Source : Company data Profitability as of 30.0 9 .2010:
      • from the beg. of 2010 = 2 2 , 68 %
      • 12 months = 30 , 11 %
      • 3 years = 1 7 , 16 %
    • LICENSE INFORMATION OTKRITIE Brokerage House (JSC) FFMS License of professional participant of the stock market for brokerage activity № 177-06097-100000 dd 28.06.2002 FFMS License of professional participant of the stock market for dealer activity № 177-06100-010000 dd 28.06.2002 FFMS License of professional participant of the stock market for management of securities № 177-06102-001000 dd 28.06.2002 FFMS License of professional participant of the stock market for custodial activity № 177-06104-000100 dd 28.06.2002 FFMS License of exchange broker for operations with futures and options at the exchange on the territory of Russia № 1082 ( valid until 22.11.2010) General license №2179 dd 27 .0 9 . 2010 issued by the Central Bank of RF Licence for operations with precious metals №2179 dd 27 .0 9 . 2010 issued by the Central Bank of RF FFMS License of professional participant of the stock market for brokerage activity № 177-03454-100000 dd 07.12.2000 FFMS License of professional participant of the stock market for dealer activity № 177-03557- 010000 dd 07.12.2000 FFMS License of professional participant of the stock market for management of securities № 177-03661-001000 dd 07.12.2000 FFMS License of professional participant of the stock market for custodial activity № 177-04186-000100 dd 20.12.2000 FFMS License of special depository for investment funds, mutual investment funds and non governmental pension funds № 22-000-1-000 95 dd 1 9 .0 8 .20 10 FFMS License of exchange broker for operations with futures and options at the exchange on the territory of Russia № 1105 dd 13.12.2007 The Bank is authorised to act as a warrantor in front of the customs. OTKRITIE Bank (JSC) OTKRITIE Securities Ltd. (UK) The complete list of OSL licenses as well as of activities for which they were issued you can find on the following link: http://www.fsa.gov.uk/register/firmPermissions.do?sid=98584 OTKRITIE ASSET MANAGEMENT Ltd. FFMS License of professional participant of the stock market for management of securities № 077-07524-001000 dd 23.03.2004 FFMS License for management of investment funds, mutual investment funds and non governmental pension funds № 21-000-1-00048 dd 11.04.2001 OTKRITIE Finance (Cyprus) Ltd. CySEC licenses for activity as investment company in Cyprus №KEPEY 06906, №0690601T, №0690602Т as amended dd 10.08.2006, 05.02.2007, 16.03.2007 respectively Licenses of Central Bank, FFMS and CySEC are issued without limitation of validity ( unless specified otherwise )
    • DISCLAIMER OTKRITIE Asset Management Ltd. Before purchasing a share in the mutual fund you should attentively examine the trust management rules* of the mutual fund. Value of the shares in mutual fund can increase or decrease; investment results in the past do not determine the profits in the future; government do not guarantee the profitability of investments in mutual funds. Premiums (discounts) will decrease the profitability of investments in shares of the mutual fund. Asset management results of asset manager in the past do not determine the profits of the trustor in the future . The aforemensioned profitability indicators are not used to demonstrate the results of pension savings investment in special part of individual personal accounts of insured persons. General * Trust management rules of open-ended mutual fund of stocks « OTKRITIE – Shares » registered by FFMS of Russia on 17.12.2003 № 0164-70287842. Trust management rules of open-ended mutual fund of bonds « OTKRITIE – Bonds » registered by FFMS of Russia on 17.12.2003 № 0165-70287767. Trust management rules of interval mutual fund « OTKRITIE – MICEX Index – power industry » registered by FFMS of Russia on 23.05.2006 № 0520-94104603. Trust management rules of open-ended mutual fund « OTKRITIE – MICEX Index » registered by FFMS of Russia on 05.07.2007 № 0890-94127385. Trust management rules of open-ended mutual fund « OTKRITIE – MICEX Index – telecommunications » registered by FFMS of Russia on 06.12.2007 № 1102-94140813 . All data contained in this presentation are only for informational purposes and cannot be considered as professional advise or guide for action. Information contained in this presentation can be changed without prior notice. None of its parts, as well as the fact of its dissemination in itself shall not form the basis of or be relied on with any contract, obligation or an investment decision. This presentation is not an advertisement of securities, nor a suggestion or attempt to sell, trade or otherwise change the ownership of any securities , whereas it does not constitute fiduciary relationship and is not an offer . This presentation is not an investment analytical report and it shall not comply with legal requirements for analytical reports. It has been prepared in order to allow the users to evaluate by themselves the issues, deals and companies mentioned therein. We do not accept any responsibility for any possible damage, which may be a result of usage of data contained in this presentation.