OREANDA-NEWS. The Supervisory Board of Otkritie Financial Corporation Bank approved its audited Consolidated Financial Statements in accordance with the International Financial Reporting Standards (IFRS) for the year ended 31 December 2015.

In 2015, the Group's total assets increased by 29.6% and reached RUB 3,363.6 billion as at December 31, 2015 (12.0% growth excluding foreign currency revaluation).

The Group's net loan portfolio increased by 43.8% as at December 31, 2015 (23.2% growth excluding foreign currency revaluation) and reached RUB 2,565.8 billion or 76.3% of the Group's total assets as at December 31, 2015 (RUB 1,784.8 billion or 68.8% as at December 31, 2014).

The loan loss provision (LLP) ratio stood at 3.4% as at December 31, 2015 (2.2% as at December 31, 2014). Cost of risk ratio amounted to 4.0% in 2015 (2.4% for 2014).  

Investments in securities amounted to RUB 421.6 billion or 12.5% of the Group's total assets as at December 31, 2015 (RUB 333.8 billion or 12.9% as at December 31, 2014).

The Group's total liabilities reached RUB 3,147.5 billion as at December 31, 2015 and increased by 29.1% compared to 2014 (13.8% growth excluding foreign currency revaluation).

The Group's customer accounts totaled RUB 1,255.9 billion as at December 31, 2015, a 22.8% increase compared with December 31, 2014 (15.1% growth excluding foreign currency revaluation). The share of term deposits and current accounts as a proportion of the total amount of customer funds stood at 82.3% and 17.7%, respectively.

The funds of corporate customers made up 43.2% of customer funds as at December 31, 2015, while the share of retail and small business segment amounted to 43.5% of customer accounts.

As at December 31, 2015, the loan to deposit ratio including promissory notes issued to clients stood at 100.9% (127.7% as at December 31, 2014).

Total capital adequacy ratio stood at 15.7% as at December 31, 2015.