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Our Investment Case
MKB is one of the leading non-state universal commercial banks in Russia, included in the list of 13 systemically important banks approved by the CBR. MKB is a publicly-traded financial institution whose shares are listed on the Moscow Exchange and included in the MOEX Russia Index, RTS Index. The Bank has been in Eurobond market since 2006. There are 9 Eurobond issues in circulation for a total amount of USD 2.6bn, EUR 0.9bn and RUB 5bn.
> 237 bn ₽
Market capitalization
4.9 tn ₽
Total assets
25.1%
CTI ratio
26.2%
ROAE
Investment Highlights
- #1 largest non-state owned listed bank of systemic importance in Russia
- > 90 offices in Russian regions and over 3,000 ATMs and payment terminals
- Over 50k corporate and over 800k retail banking customers
- About 9k employees
- 14.5% through-the-cycle ROAE*
- Sizable liquidity buffer
- Well-managed loan portfolio quality
- Stable funding profile and resilient capital adequacy
*For the period 2018-6m2023
- Universal model with focus on top-tier Russian companies operating in the selected industries
- Reliable bank for international business
- Active development of transactional business
- Leverage of expertise in cash handling (Inkakhran) and affiliates’ capabilities in investment banking and real estate
- Well-managed through-the-cycle Cost-to-Income ratio of 37.3%*
- Fast follower strategy in implementation of innovative technologies
- Participation in the key Fintech initiatives
*For the period 2018-6m2023
- Corporate social responsibility (CSR) approach focused on stimulating economic growth while improving social welfare
- Environmental standards on loan portfolio
- Best corporate governance practices
- Training opportunities and leadership programs for the staff
Competitive Advantages
- Target large companies from 15 diverse industries
- Flexibility and fast decision-making
- Focus on RAROC and value added services with 70% of corporate clients using more than 1 product of MKB
- Leading market position with strong footprint in Moscow region
- Cash handling platform providing strategic benefits from risk management perspective
- Online platform powered by Artificial Intelligence
- Leading deposit offering with competitive interest rates and convenience for customers positioning MKB as a bank for depositors
- Leading loyalty programs across retail products
- Strong cross-selling platform
- Active development of a mobile banking application and retaining leading positions
- A full range of investment banking services with individually structured solutions to meet customer needs
- Solid Track Record in DCM
- Top-5 Best among arrangers of domestic real sector bond placements in Cbonds’ 12m2022 ranking