Banking analyst portal financial condition of loco bank. About bank

Under the reliability of the bank we will understand the totality of factors under which the bank is able to fulfill its obligations, have an adequate margin of safety in crisis situations, not violate established by the Bank Russian regulations and laws.

It should be borne in mind that only on the basis of reporting it is impossible to accurately determine the degree of reliability of the bank, so the study below is indicative.

Bank stability is the ability to withstand any external influences. Dynamics over a certain period may show stability (either improvement or deterioration) of various indicators, which may also indicate the stability of the bank.

Commercial Bank "LOKO-Bank" (joint stock company) is large Russian bank and among them it ranks 61st in terms of net assets.

As of the reporting date (January 01, 2020), the net assets of LOCKO-BANK amounted to 117.08 billion rubles In a year assets increased by 34.19%. Growth of net assets positively affected the return on assets ROI: over the year, the net return on assets increased from 1.65% to 3.41% .

In terms of services rendered, the bank mainly attracts client money and more funds population(i.e. in this sense it is a retail client). The bank specializes in investments in securities (investment bank).

LOKO-BANK - has the right to work with non-state pension funds providing compulsory pension insurance , and can attract pension savings and savings for housing for military personnel; has the right to open accounts and deposits in accordance with the law 213-FZ of July 21, 2014. , i.e. organizations of strategic importance for the military-industrial complex and security of the Russian Federation; to a credit institution appointed authorized representatives of the Bank of Russia.

• Moody's: Long-term international withdrawn (was B1); Forecast withdrawn (was positive);

Liquidity and reliability

The bank's liquid assets are those bank funds that can be quickly turned into cash in order to return them to depositor customers. To assess liquidity, consider a period of approximately 30 days, during which the bank will be able (or not able) to fulfill part of its financial obligations (because no bank can repay all obligations within 30 days). This "part" is called the "proposed outflow". Liquidity can be considered an important component of the concept of bank reliability.

Brief Structure highly liquid assets present in the form of a table:

From the table of liquid assets, we see that the amounts of funds on accounts with the Bank of Russia, highly liquid securities of banks and governments have slightly changed, the amounts of highly liquid securities of the Russian Federation have greatly increased, the amounts of funds on hand, NOSTRO correspondent accounts in banks (net), interbank loans, placed for up to 30 days, while the volume of highly liquid assets, taking into account discounts and adjustments (based on Ordinance No. 3269-U dated May 31, 2014), increased over the year 16.83 to 28.64 billion rubles

Share of highly liquid securities of the Russian Federation quite significant in the highly liquid assets of the bank, which causes some suspicion. This can probably be explained by the investment nature of the bank's activities.

Structure current liabilities is shown in the following table:

During the period under review, what happened to the resource base was that the amounts of deposits of individuals with a period of more than a year, other deposits of individuals (including individual entrepreneurs) (for a period of up to 1 year), deposits and other funds of legal entities changed slightly ( up to 1 year), incl. current assets of legal entities (excluding individual entrepreneurs), interest payment obligations, delinquencies, accounts payable and other debts, the amounts of interbank loans received for up to 30 days have greatly increased, the amounts of own securities have decreased, the amounts of correspondent accounts of LORO banks have significantly decreased, while expected cash outflow increased over the year from 7.80 to 33.62 billion rubles

At the moment under consideration, the ratio of highly liquid assets (funds that are easily available to the bank over the next month) and the estimated outflow of current liabilities gives us the value 85.17% , which means insufficient supply strength to overcome a possible outflow of customers, however, the bank is large and so significant churn is unlikely.

In correlation with this, the standards of instant (H2) and current (H3) liquidity are important for consideration, the minimum values ​​of which are set at 15% and 50%, respectively. Here we see that the H2 and H3 standards are now at sufficient level.

Now let's track the dynamics of change liquidity indicators during a year:

According to the median method (discarding sharp peaks): the sum of the current liquidity ratio H3 and the expert reliability of the bank during year and last semester tends to decrease, and the amount of the standard instant liquidity H2 during of the year tends to increase, but in recent half a year tends to decrease.

Other coefficients for assessing the liquidity of the bank CB "LOKO-BANK" (JSC) can be seen at this link.

Structure and dynamics of the balance sheet

The volume of assets generating income for the bank is 92.07% in total assets, and the volume of interest-bearing liabilities is 79.47% in total liabilities. However, the amount of earning assets exceeds the average indicator for large Russian banks (84%).

Structure earning assets at the moment and a year ago:

We see that the amounts of Loans to individuals, Promissory notes, Investments in leasing transactions and acquired rights of claim have slightly changed, the amounts of Investments in securities have greatly increased, the amounts of Interbank loans, Loans to legal entities have decreased, and the total amount of income assets increased by 39.9% from 77.06 to 107.79 billion rubles

Analytics by degree of security issued loans, as well as their structure:

The specifics of the bank's business is strongly related to retail lending, which does not allow assessing the degree of security of loans.

Brief structure interest liabilities(i.e. for which the bank usually pays interest to the client):

We see that the amounts of legal funds have changed slightly. individuals, deposits of individuals. persons, the amounts of funds of banks (interbank loans and correspondent accounts) increased significantly, and the total amount of interest-bearing liabilities increased by 42.0% from 65.53 to 93.04 billion rubles

The structure of assets and liabilities of the bank CB "LOKO-BANK" (JSC) can be considered in more detail.

Profitability

Profitability of sources own funds(calculated from balance sheet data) increased over the year from 8.33% to 17.20%. At the same time, the return on equity ROE (calculated on forms 102 and 134) increased over the year from 9.89% to 22.25%(here and below, data are given in percent per annum for the nearest quarterly date).

Net interest margin decreased over the year from 6.64% to 5.58%. Profitability of lending operations decreased over the year from 18.60% to 16.62%. The cost of funds raised has changed little over the year from 5.94% to 6.04%. The cost of borrowed funds from banks increased over the year from 6.27% to 7.21%. The cost of household funds (individuals) decreased over the year With

CB Loko-Bank (JSC) is a universal commercial bank founded in 1994. Loko-Bank provides a wide range of financial services: comprehensive services for small and medium-sized businesses, consumer lending, raising funds for deposits, servicing wealthy clients and working on the securities market.

The bank is included in:

• TOP-60 banks by assets as of July 1, 2019 (according to RIA Rating);
• TOP-35 in terms of net profit as of April 1, 2019 (according to Banki.ru);
• TOP-60 of the most reliable banks in the Russian Federation for 2019 (according to Forbes);
• TOP-65 largest banks of the Russian Federation in terms of loan portfolio as of January 1, 2019 (according to RIA Rating);

The reliability of the Bank is confirmed at the international level by the largest agency Fitch Ratings (BB-), as well as by the Russian rating agency ACRA (BBB+). Since 2004, the bank has been a member of the deposit insurance system, and since 2014 - the agent bank of the Deposit Insurance Agency for the payment of insurance compensation to depositors of other banks, which provides customers with an additional guarantee of the safety of deposits of individuals.

In 2015-2016, Loko-Bank was three times a finalist in DIA competitions for compensation payments to depositors of troubled banks.

In 2016, Loko-Bank adopted an updated strategy and began a process of deep transformation of business processes, which ensured the transition of the bank to a digital model focused on remote customer service. Also, as part of the strategy, Loko-Bank adopted an investment plan to develop the IT infrastructure. The ultimate goal is to modernize the bank in the medium term into the format of an IT company, to form a range of products available in digital channels.

Loko-Bank has a wide network of offices, numbering more than 48 branches in 21 regions Russian Federation. The bank's clients are more than 290,000 individuals and more than 30,000 enterprises representing dozens of sectors of the Russian economy.

The participation of international investment funds in the capital of the bank for more than 10 years has contributed to maintaining high standards of corporate governance and risk management, as well as improving key business processes. Loko-Bank continues to focus on the best world practices, and annual indicators demonstrate the constant dynamics of the bank's business development.

Key performance indicators for 9 months of 2019 in accordance with International Financial Reporting Standards (IFRS):

• Net interest income made up 4,1 billion rubles, having increased by 3,2% compared to the same period last year.
• Net profit grew by 2,1% compared to the same period last year to 1,2 billion rubles.
• Net interest margin stays stable high level and is 6,3% .
• operating income increased by 18,4% compared to the same period last year and amounted to 6,8 billion rubles.
• Share of net fee and commission income in the structure of operating income remains at a consistently high level and amounts to 30% .
• Gross loan portfolio, net of allowance for expected credit losses grew up on 3,9% and made 56,2 billion rubles.
• Basel capital adequacy ratio made up 20,3% .

How many rumors will not appear in the near future: and that Uralsib Bank is closing in 2020, and Home Credit Bank will soon be closed, and Russian Standard Bank has already closed, and Vostochny Express Bank is closing in 2020. Such conversations are more a consequence of the client's unpleasant experience in the bank than plausible statements.

Judging by the reviews and comments of users, the banks are to blame, even if the client himself overdue the payment or signed an unprofitable agreement with an overestimated loan interest. Yes, banks take advantage of financial illiteracy and arrogance of clients, but let's be honest: we ourselves are to blame for our troubles.

How to understand that the bank will close

Leaks from the Central Bank of Russia often help determine which of the credit financial institutions will close, namely:

• news of the upcoming license revocation of financial institutions,
• rumors about the introduction of an interim administration,
• downgrading of rating agencies that are directly subordinate to the Central Bank of Russia,
• problems with getting cash from ATMs and cash desks of financial organizations, etc.

The Central Bank as a mega-regulator has much more leverage and forecasting tools than we used to think. Using the example of organizations that make up ratings, one can already guess about the problems of the bank or about the attitude of the Central Bank of the Russian Federation towards it. They don’t just cancel licenses, this is preceded by clear events: poor reporting by credit institutions, "holes" in the balance sheet, the flight of directors with capital abroad, difficulties in obtaining cash, etc. Therefore, when assessing the possible bankruptcy of a bank, evaluate the likelihood of revocation of the license on the above points.

List of reliable banks for 2020

Below we give a forecast of which banks will not close in 2020 in Russia. The list was compiled on the basis of the deposits of each bank, the network of branches, the volume of assets and loans issued. The rating will be useful, first of all, to depositors in bank deposits.

Bank rating by assets:

1. Sberbank of Russia
2. GazPromBank
3. VTB 24
4. FC Otkritie
5. RosselkhozBank
6. Alfa Bank
7. Bank of Moscow
8. National Clearing Center
9. UniCredit Bank

It is unlikely that the listed banks will close in the near future. Mergers are possible, but the license of these banks will certainly not be revoked. It is noteworthy that in terms of profit rating the list of banks remains the same, with the exception of the National Clearing Center, ousted by RosBank.

From this list strong commercial bank Alfa-Bank stands out, the bank's management has no plans to close this year, in addition, this bank is in the top three in terms of cash turnover in ATMs - right after Sberbank and VTB.

Rating of banks on consumer loans:

1. Sberbank of Russia
2. VTB 24
3. GazPromBank
4. RosselkhozBank
5. Bank of Moscow
6. Alfa Bank
7. RaifFaisenBank
8. RosBank
9. HCF Bank
10. Eastern Express Bank

In this list, we see loans issued to ordinary users for consumption. Looks apart among the giants of the market Orient Express. Whether the bank closes in 2018 or not, we will wait and see, but we must carefully read loan and deposit agreements, monitor the financial statistics of banks, including the ratio of loans and attracted deposits.

Full list of banks

It is not easy to predict the closure of banks in Russia in 2020, the list of unreliable banks changes every 2-4 weeks. We will share statistics, on the basis of which you yourself will decide whether the bank will go bankrupt in the near future or not.

Bank reliability rating by assets

Registration number: 2707

Date of registration by the Bank of Russia: 21.02.1994

BIC: 044525161

Main state registration number: 1057711014195 (23.11.2005)

Authorized capital: RUB 2,790,310,000

License (date of issue/last replacement) Banks with a basic license are banks that have a license with the word “basic” in the name. All other operating banks are banks with a universal license:
License to attract deposits and placement of precious metals (14.09.2015)
General license to exercise banking operations (14.09.2015)
Licenses

Participation in the deposit insurance system: Yes

In the first years of operation, Loko-bank serviced the business processes of industrial and commercial enterprises owned by the businessmen who organized it.

Starting from 2008, Loko-bank began to work with individuals in the field of lending. Today, as part of the retail block, Loko-bank provides an expanded range of banking products:

• Credit and debit cards;
• Mortgage and;
• and deposit programs;
• Insurance;
• Services remote service- internet banking and private banking.

Currently, Loko-bank belongs to the category of universal financial institutions providing services to corporate clients, as well as operating in the segment of lending to small and medium-sized businesses.

The bank is teetering on the verge of license revocation, deceiving customers

The commercial Loko-Bank is like a cancer patient in the fourth stage: all last year, the media and Internet resources reported on his death, but the ailing institution is still breathing and even hiding behind a license from the regulator. However, as they write on one of the banking forums, “the revocation of the license from Loko-Bank is a matter of time, this revocation will take place sooner or later, but the whole question is when it will happen, that is, how long this bank will be allowed to behave this way …” Numerous and rightly indignant clients of Loko-Bank, no doubt, have reason to raise the issue of this bank point-blank. So, it is known that based on the reports of the Central Bank of the Russian Federation, the RatingsLab agency made its own forecast about the well-being of Loko-Bank. The forecast is negative: analysts believe that if not this year, then next year, this bank will lose its license and go bankrupt.

According to the indicators posted on the website of Loko-Bank, its assets decreased by 3.5% in 2016, profit fell by 81.6%, the number of loans issued to enterprises decreased by 11%, consumer loans were generally at zero, the number overdue loans is 15%, the number of deposits fell by 25%, ATM turnover decreased by 18%, net profit decreased by 81.6%. You don't have to be a great financier to understand that an 80% drop in profits hit the bank's operations hard. The founders tried to keep the bank afloat, but as a result of management decisions stopped paying depositors money. Although Loko-Bank officially does not recognize this, assuring its stability.

Half of the bank's capital is government securities, that is, in fact, Loko-Bank keeps the state afloat. The number of loans issued has decreased as a result of falling profits, and profits are falling due to the result of a decrease in the amount of interest on loans issued. It is a vicious circle from which there is no way out. Consumer loans bring a significant profit to any bank, but even here Loko-Bank blocked its path of salvation, since consumer loans are “at zero”. According to experts, even if a miracle happens and a crisis occurs, the manager of this enterprise does an excellent job, this will not save him: the bank is invariably heading towards bankruptcy. At the same time, Loko-Bank is actively misinforming its clients, reporting that it allegedly did not have problems with liquidity. It is understandable: after all, to admit it means to sign a sentence for yourself. But if we analyze the indicators posted on the bank's website, it immediately becomes clear that this institution's liquidity problems are unbearable.

Against this gloomy background, the management of Loko-Bank went into all serious trouble, ceasing to execute payments and frankly throwing customers, as evidenced, in particular, by numerous negative reviews about this bank on the forums. “In the Samara branch of the Loco-Bank, an account was opened for legal. face. Then more than three million money came to our account. Since that day, we have not been able to use them, no one explained the reasons. And after a while our account was empty! All money was debited from the account with the wording "penalty for providing incorrect documents!", - reports the deceived client of Loko-Bank.

“Closed both accounts, prepared a pre-arbitration claim. After that, I read the reviews on banki.ru and really regretted that I had not done this a month ago. I would save two days of working time and about 20 thousand rubles - about the same amount Loko-bank received commissions from a turnover of 600 thousand rubles on my accounts for a week of work ... ”, - says another client of the same bank. “A claim came to the bank to the client, the documents on it were also provided. After which they turned it off. When transferring funds to another account, a shortage of one hundred thousand was revealed. The bank manager said that they did not receive anything, therefore they imposed a fine of 100,000 rubles, ”the depositor of Loko-Bank is indignant.

“Having received a request from Loko-Bank with a list of necessary documents, we prepared them, and on December 28, 2016, we handed over the required package (on 792 sheets), which is confirmed by a corresponding note from the Bank employee who accepted

the documents. The deadline for submission specified in the request was 12/29/16. However, on December 29, 2016, the amount of 500,000 rubles was debited from our account. - “penalty for failure to submit documents (information) at the request of the bank”. This is an absolute scam!" - says another client of Loko-Bank.

There are so many claims against Loko-Bank that they would be enough for a dozen credit institutions. “I am a client of LOKO-bank. Recently, I came across a situation of illegal action by a bank employee who knocks out debts on a loan. In my case, the employee, without giving me information about my debt, which turned out to be 2000 rubles, began to distribute confidential information to third parties in social network”, says a client from Rostov-on-Don. “Money was transferred in the amount of a loan to the personal account of Loko-Bank, but the money was not credited to the account. A fine has been imposed by Lokobank and penalties are being imposed. The bank that transferred the funds provided supporting documents stating that everything was done correctly, but there is no money anywhere, ”says Alexey from Moscow.

Such clearly crime stories with fraud by Loko-Bank - hundreds. Someone submits applications to law enforcement agencies, someone tries to involve the public and the media. It is clear that the situation in Loko-Bank is clearly unhealthy and requires immediate intervention not only from the regulator, but also from investigators. The sick "Loko-Bank" should be helped with timely euthanasia, and it is desirable to do this so that the process is as painless as possible for creditors and depositors of this bank.

Oleg Polynov