Russia presentation  Natalia Smirnova [email_address] +7(916)842-73-86
Russia: key information <ul><li>Territory:  17.075.260  sq.m, 65% of it belongs to  permafrost  </li></ul><ul><li>Overall ...
GDP of Russia Russian GDP statistics, % № Country  GDP, mln. $ (according to International Monetary Fund, 2008) 1 USA 14,2...
GDP: dependence on oil and gas export
GDP and inflation forecast for 2009-2011 <ul><li>2009 </li></ul><ul><li>GDP  $ 1 608,6 billion </li></ul><ul><li>inflation...
History of financial market in Russia: the USSR period <ul><li>1 bank in the country (Sberbank) </li></ul><ul><li>1 insura...
History of financial market in Russia: the “perestroika” period (1989-1994) <ul><li>Financial pyramids </li></ul><ul><li>P...
History of financial market in Russia: pre-millenium period <ul><li>Denomination of ruble (1997) </li></ul><ul><li>Foundat...
Major Russian stock indices RTSI – Russian Trade system index  Date of foundation - 01.09.1995 It is based on 50 Russian s...
History of financial market in Russia: 21 century <ul><li>Pension reform in Russia (2002 and 2008) </li></ul><ul><li>Rapid...
Personal finances in Russia now: key figures <ul><li>About 60% of people don’t have any savings </li></ul><ul><li>50%   of...
Financial planning in Russia: market and regulation  <ul><li>First financial planners appeared in Russian market in 2004-2...
Financial planning in Russia: average business model  Income from  consulting Commission  from partners <ul><li>Financial ...
Financial planning in Russia: list of most popular services  <ul><li>Investment planning, choosing appropriate investment ...
Cooperation between financial corporations and financial planners Bank Financial planning company Real estate Life, medica...
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Russia presentation Natalia Smirnova editor@kdostatku.ru

  1. 1. Russia presentation Natalia Smirnova [email_address] +7(916)842-73-86
  2. 2. Russia: key information <ul><li>Territory: 17.075.260 sq.m, 65% of it belongs to permafrost </li></ul><ul><li>Overall quantity of cities, towns, villages etc. - 157.895 (nearly 20% of them don’t have telecommunications) </li></ul><ul><li>Population: 132.000.000 people, 81% of which live in cities and big towns. Nearly 10% of the population leave in Moscow. </li></ul><ul><li>61% of population are pensioners. </li></ul><ul><li>81% of population either don’t work or work in the budget sphere, so less than 20% of population provide state budget with income. </li></ul><ul><li>Average income per person - $ 250 </li></ul>
  3. 3. GDP of Russia Russian GDP statistics, % № Country GDP, mln. $ (according to International Monetary Fund, 2008) 1 USA 14,264,600 2 China 7,916,429 3 Japan 4,354,368 4 India 3,288,345 5 Germany 2,910,490 6 Russia 2,260,907
  4. 4. GDP: dependence on oil and gas export
  5. 5. GDP and inflation forecast for 2009-2011 <ul><li>2009 </li></ul><ul><li>GDP $ 1 608,6 billion </li></ul><ul><li>inflation - 8,5% </li></ul><ul><li>2010 </li></ul><ul><li>GDP – $ 1 848,3 billion </li></ul><ul><li>Inflation – 7% </li></ul><ul><li>2011 </li></ul><ul><li>GDP - $ 2112,8 billion </li></ul><ul><li>Inflation – 6,8% </li></ul>
  6. 6. History of financial market in Russia: the USSR period <ul><li>1 bank in the country (Sberbank) </li></ul><ul><li>1 insurance company in the country (Gosstrakh) </li></ul><ul><li>Zero inflation rate </li></ul><ul><li>No stock market or FOREX, no mutual funds </li></ul><ul><li>Any operation with foreign currency is forbidden. Foreign financial instruments are forbidden. </li></ul><ul><li>No pension programs. Everyone has the same state pension. </li></ul><ul><li>No private equity </li></ul><ul><li>People have no experience in personal finances management </li></ul>
  7. 7. History of financial market in Russia: the “perestroika” period (1989-1994) <ul><li>Financial pyramids </li></ul><ul><li>Privatization </li></ul><ul><li>Incredible inflation </li></ul><ul><li>Economic collapse </li></ul><ul><li>Incredible unemployment </li></ul><ul><li>Loss of trust to the government and any </li></ul><ul><li>financial organizations </li></ul>
  8. 8. History of financial market in Russia: pre-millenium period <ul><li>Denomination of ruble (1997) </li></ul><ul><li>Foundation of Russian stock market and two main indices – RTSI and MICEX </li></ul><ul><li>First investment companies launch first mutual funds </li></ul><ul><li>First private pension funds are founded </li></ul><ul><li>A lot of private banks are founded, however after the default in 1998 significant part of them went bankrupt. Collapse of the stock market in 1998. </li></ul><ul><li>Lack of trust to banks, investment and any other financial instruments </li></ul>
  9. 9. Major Russian stock indices RTSI – Russian Trade system index Date of foundation - 01.09.1995 It is based on 50 Russian stocks with the highest liquidity MICEX – Moscow interbank currency exchange Date of foundation - 22.09.1997 (however, it has been calculated since 1.03.1999) It is based on 30 Russian stocks with the highest liquidity
  10. 10. History of financial market in Russia: 21 century <ul><li>Pension reform in Russia (2002 and 2008) </li></ul><ul><li>Rapid development of stock market, FOREX, real estate market, credit market </li></ul><ul><li>Bank crisis (2004) </li></ul><ul><li>First financial advisors appear in the market </li></ul><ul><li>Financial crisis (2008-2009), devaluation of ruble. </li></ul>
  11. 11. Personal finances in Russia now: key figures <ul><li>About 60% of people don’t have any savings </li></ul><ul><li>50% of people either used credits or intend to do this in the nearest future. </li></ul><ul><li>Less than 5% of people in Russia invest in stock market either using mutual funds or via their broker trade account </li></ul><ul><li>Less than 50% use bank accounts and/or bank deposits </li></ul><ul><li>Less than 2% have life insurance policies </li></ul><ul><li>About 50% of those who have an auto, an apartment or house and other property don’t insure it against accidents, damage etc. </li></ul><ul><li>Less than 30% are more or less concerned about their pension </li></ul>
  12. 12. Financial planning in Russia: market and regulation <ul><li>First financial planners appeared in Russian market in 2004-2005 </li></ul><ul><li>There are less than 400 financial planners in Russia </li></ul><ul><li>Financial planning activity in Russia is not regulated in any way, is not licensed and not certified. </li></ul><ul><li>There is no limitations for a person to become a planner: one could even have no bachelor degree and no experience in financial sphere </li></ul><ul><li>Planners don’t have any proper software for calculating financial plan </li></ul><ul><li>There are no standards for financial plan: it may differ significantly depending on the planner </li></ul>
  13. 13. Financial planning in Russia: average business model Income from consulting Commission from partners <ul><li>Financial planning </li></ul><ul><li>Consultations concerning investment, credit and other financial instruments </li></ul><ul><li>Financial planners get commissions </li></ul><ul><li>for selling: </li></ul><ul><li>mutual funds </li></ul><ul><li>credit products </li></ul><ul><li>life, medical and property insurance </li></ul><ul><li>real estate </li></ul><ul><li>pension programs </li></ul>
  14. 14. Financial planning in Russia: list of most popular services <ul><li>Investment planning, choosing appropriate investment instruments and preparing all the documents for investing </li></ul><ul><li>Financial planning </li></ul><ul><li>Choosing appropriate credit instruments and preparing all the documents for it </li></ul><ul><li>Choosing appropriate instruments for property insurance and preparing all the documents for it </li></ul><ul><li>Pension planning , choosing appropriate pension instruments and preparing all the documents for investing </li></ul><ul><li>Tax planning and assistance with tax declaration </li></ul>
  15. 15. Cooperation between financial corporations and financial planners Bank Financial planning company Real estate Life, medical, property insurance Pension products Foreign funds Investment company Private pension fund Credits Other services Commission <ul><li>Bank’s products: </li></ul><ul><li>Deposits </li></ul><ul><li>Accounts </li></ul><ul><li>Credits </li></ul><ul><li>Products from financial planning company: </li></ul><ul><li>Financial plan </li></ul><ul><li>Investment funds </li></ul><ul><li>Pension products. </li></ul>Products from financial planning company: Financial plan Credits Pension products. Products from financial planning company: Financial plan Investment funds Credits. <ul><li>Investment products: </li></ul><ul><li>Funds </li></ul><ul><li>Broker trade accounts </li></ul><ul><li>Pension products: </li></ul><ul><li>State pension </li></ul><ul><li>Private pension </li></ul>Х % from commission Client Client Client

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