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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 7 Eurobond issues in circulation for a total amount of USD 2.4bn, EUR 0.6bn and RUB 5bn.
> 230 bn ₽
Market capitalization
5.1 tn ₽
Total assets
32.7%
CTI ratio
12.5%
ROAE
Investment Highlights
- #1 largest non-state owned listed bank of systemic importance in Russia
- > 90 offices in Russian regions and over 1,700 ATMs and payment terminals
- Over 45k corporate and over 870k retail banking customers
- 14% through-the-cycle ROAE*
- Sizable liquidity buffer
- Well-managed loan portfolio quality
- Stable funding profile and resilient capital adequacy
*For the period 2020-9m2024
- Universal model with focus on corporate sector
- Creation of infrastructure for international payments of exporters and importers
- Active development of transactional business
- Financial partner for the largest Russian companies
- Well-managed through-the-cycle Cost-to-Income ratio of 35%*
- Fast follower strategy in implementation of innovative technologies
- Participation in the key Fintech initiatives
*For the period 2020-9m2024
- 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
- 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-7 Best among arrangers of domestic real sector bond placements in Cbonds’ 12m2023 ranking