"BIN": reliability rating.

«BIN» was founded in 1993 as a captive bank and now became a commercial medium-sized financial institution, which has a network of branches in many Russian regions.During 2014 its net income increased fivefold, reaching net profit more than 69 million dollars (more than 3.9 billion rubles).Rating "BIN" of reliability, according to the Central Bank - the 20th place in the amount of assets of 413.2 billion rubles.


«BIN» is growing rapidly the last decade, stepping out of a succession of medium-sized banks in the first Russian twenty.Especially saturated crisis appeared to many in 2014.The financial institution has acquired several assets, including "Binbank Credit Cards" (formerly "Moscomprivatbank"), "Binbank Murmansk" (previous name - JSC "DNB Bank") and the banks' growth. "Moreover, 55% of assets in the total number actually provided "BIN".Rating organization has increased significantly as a result.

Acquisitions contributed to the diversification of the customer base, increase the diversification of the business and the advancement of the consolidated group in terms of assets: according to this index the bank occupies the seventh place in the all-Russian rating (on 01/04/2015), a year earlier - only 40th place.

Rating banks: "BIN»

economic crisis has significantly reshuffled the deck of Russian financial institutions.If some of them require extensive government support, the "BIN", on the contrary, strengthened the position.Moreover, an influential portal Banki.ru due to the rapid success is the organization recognized her bank ahead of the year 2014. It is recognized by giants.Among them, "Savings Bank", "VTB", "Gazprombank" and other partners.

Foreign experts also noted the "BIN".Rating analysts from Standard & amp;Poor's corresponds to the rank of «B».This is a good indicator for the major Russian banks, and reflecting power, and specific risks inherent in the regional economy.Other parameters:

  • third place among the most reliable commercial banks of the Russian Federation (01.04.2015).
  • 10th profitability (01/04/2015).
  • 18th in the ranking of "Interfax-100" (1st quarter 2015).
  • 27th by equity (01/04/2015).

Analysts' forecasts

acquisition of significant assets, observed last year, imposes certain risks.Bank analysts say that the strategy of "BIN" is opportunistic and aggressive at the same time.It may be at high risk of integration given the significant size of the assets acquired and plans for further expansion of business in the currently unfavorable conditions for banks operating in Russia.Meanwhile, scattered structures within the group can be sufficiently complementary to each other and form an organization that will be a strong player in a market with long-term sustainable business model and a strong ability to generate profits.

positive factor is that the assets acquired correspond to the long-term strategy to strengthen the market position of "BIN" in the retail segment and diversification of business profile.Thanks to the newly acquired assets position of the company in the segment of retail customer deposits improved.On 01.04.2015 "BIN" in the ranking of Russian banks in this indicator took 7th place.In addition, the company was able to enter the market of a number of important Russian regions.In the future, the branch network will consist of 450 points of sale in more than 60 regions of the end of 2015 following the planned closure of inefficient departments.

Reliability rating agency

BankStars on the results of the rapid analysis of financial statements Assigns PSC "BIN" rating is "satisfactory".According BankStars, the institution is characterized by moderate risk of default of its obligations to creditors and depositors.However, the stability of the bank sensitive to the adverse development of the situation.

Liquidity Based on the analysis of the balance sheet structure of PJSC "BIN" liquidity rating agency BankStars rated as moderately high.The findings are based on the volatility of the assets in deposits and current accounts of the bank and a group of banks that are similar in terms of assets.The company is able to provide timely execution of return for loans, deposits in case of a possible realization of a stress scenario.


By 2014, the stated increase in the level of capitalization of the financial group to 13.05% due to the increase of equity capital, while reducing the amount of assets of PJSC "BIN".Rating the ability to compensate for potential losses in the case of the stress scenarios own funds rated as moderately high.

quality of the loan portfolio

According to the report, the volume of overdue loans "BIN" on 01.01.2014 amounted to 3,623,610,000 rubles.(2.63% of the loan portfolio) increased in December 2013 to 189.61 million rubles.Provisions for losses rose by 156 140 000 rubles.and the balance sheet date amounted to 5,752,920,000 rubles.(4.17% of the portfolio).Formed bank reserves for possible losses on loans to cover current overdue loans with a coefficient of 1.59.At the reporting date the loan portfolio is characterized by a slightly smaller share.

growth factors

a place in the rating of "BIN" among competitors / partners affected by the following factors.


  • increase in the customer base and increasing market share;
  • strong support in the form of capital injections from shareholders;
  • diversification of the resource base.


  • high exposure to risks of integration related to assets acquired in 2014, and an aggressive growth strategy;
  • weak profitability from operations, mainly due to the weak performance of the portfolio of unsecured retail loans, high risk;
  • slowing macroeconomic growth and adverse operating conditions for all banks in the Russian Federation.

Major shareholders

is expected that the major shareholders - MO Shishkhanov and MS Gutseriev - will support the development of "BIN" and provide sufficient capital to achieve the ambitious growth targets.In 2011-2014 they made regular infusion of capital: 16.3 billion rubles in capital Level 1 and 3.9 billion rubles in the capital of the 2nd level.

assets belonging to Gutseriev Shishkhanov and non-banking sector as a whole complement of business "BIN".In particular, pension funds and insurance companies owned by financier Shishkhanov can provide synergies, offering clients a comprehensive service, allowing you to build up a customer base.

Capitalization and profitability of PJSC «BIN»

credit rating of the capital and earnings is characterized as moderate.Capitalization is provided mainly by capital injections by shareholders.Evaluation indicators as moderate based on calculations that factor RAC unadjusted diversification and concentration risks will be about 5.1% in the next 18-24 months.This forecast is determined by the following expectations:

  • increase in assets of 34% in 2015 due to the consolidation of banks of "growth" and "BIN Murmansk" (14%) and organic growth (20%).
  • capital injection of 10 billion rubles.in 2015, despite the fact that 6 billion rubles have already been received in April.
  • Capital gains (1.5 billion) as a result of the issuance of new securities to consolidate "Binbank Murmansk."
  • capital gain due to the initial recognition of assets of banks in the group "growth".
  • decrease in net interest margin from 4.3% in 2014 to 4% in 2015 due to higher funding costs and increased competition in the Russian banking sector.
  • Net impairment - of the order of 3.5% in 2015-2016 compared to 2.1% in 2012-2014 (average) due to the deterioration of the overall economic situation.


In 2014 access "BIN" to secure corporate customers has improved.He is a private financial institution, therefore against him do not apply regulatory sanctions the US and EU (in contrast to the large Russian state-owned banks).Furthermore, the growing size of the "BIN" allowed him to serve larger clients.As a result, the company has attracted a number of private and public corporations as borrowers and depositors, which led to the strengthening of its customer base.The risks of lending to related parties are assessed as moderate: the share of loans to related parties accounted for about 2.6% of the loan portfolio (31.12.2014).

the period 2015-2016.sees weak earnings "BIN" from operations due to the expected weak performance in the segments of the unsecured retail loans and credit cards.Operating profit in 2014 was negative as a result of significant expenditure on the formation of reserves of "BIN Credit Cards", acquired last year.

positive factors - regulatory capital "BIN" is supported by subordinated loan in the amount of 12.7 billion rubles.On 01/04/2015 the company's capital adequacy ratio was 13.2%, significantly higher than the minimum level of 10% set by the regulator.