Contents
General information
History
Shareholder structure & affiliates
Corporate governance
Positioning
Bank today
Regional network
Our clients
International cooperation
Payment services & plastic cards
Risk management
Financial Indicators
Key highlights
Revenues, expenses, profit
Liquidity
Capital
Assets
Liabilities
Contacts
3
4
5
6
7
8
9
10
11
12
13
14
15
16
19
22
2
History
1991 — On 15 May the National Bank of the Republic of Belarus registered Commercial Bank “Poisk”
1992 — The bank changed its legal status and was registered as Joint Stock Commercial Bank “Poisk”
1994 — The bank became a member of SWIFT communication system
2000 — Joint Stock Commercial Bank “Poisk” was renamed to OJSC “Bank “Poisk”
2004 — The bank received its current name OJSC Paritetbank
2005 — Paritetbank joined Reuters system
2006 — Paritetbank joined VISA International payment system
2007 — Internet banking system for individuals was introduced
2008
For the first time financial statements of the bank were prepared and audited in accordance with International Financial
Reporting Standards
Paritetbank was one of the first bank to join local Unified Settlement and Information Space (USIS) payment system
Paritetbank in cooperation with MTS and BeSmart companies introduced iPay e-cash payment system
2009
Paritetbank joined national plastic card system BelCard
The bank established and started to expand its payment terminal network
Banking holding was created comprising LLC “Investment Company “Paritet” and CJSC “Mobile Payment”
2010
Mandate letter between Paritetbank, the National Bank of the Republic of Belarus and EBRD was signed.
The bank moved to its new head office located at 61A Kiseleva str., Minsk.
Paritetbank received a status of a principal member of the VISA International payment system
2011
Paritetbank celebrated its 20th anniversary in the financial services market
Paritetbank tapped international capital marked and attracted a syndicated loan facility with a 1-year maturity.
3
Shareholder structure & affiliates
As at 1 January, 2012 the major shareholder of the bank is the National Bank of the Republic of Belarus with
99,36%
Other shareholders:
200 corporates with 0,41%;
2367 individuals with 0,23%.
In 2009 OJSC Paritetbank took part in establishment of LLC «Investment company «Paritet» with 50% of the
shareholder’s capital of the company. The major activity of the company is financial leasing of:
cars;
special vehicles;
real estate;
office equipment.
Contacts: 220024, Republic of Belarus
Minsk, Kizhevatova str., building 2
Tel/fax: +375 17 201 94 44
Mobile: + 375 44 755 50 00
e-mail: info@paritetinvest.by
www.paritetinvest.by
4
Corporate governance
Management Board
Chairman of the Board Gorozhankin Vladislav Nikolaevich
(+375 17) 283 26 11
Deputy Chairman of the Management Board Pankevich Dmitry Anatolievich
(+ 375 17) 237 76 85
Deputy Chairman of the Management Board Slesarev Sergey Mikhailovich
(+375 17) 237 76 85
Director of Corporate Business Department Poskrobka Sergey Vasilievich
(+375 17) 237 76 89
Chief Accountant — Head of Department of Accounting and Reporting Abramenko
Marina Mikhailovna
(+375 17) 237 76 85
Head of Economic Planning Management Losiakova Galina Ivanovna
(+375 17) 237 76 88
5
Positioning
The position of OJSC Paritetbank in the banking system
01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Shareholder
capital
9
9
14
17
10
Equity
11
15
17
19
15
Liabilities/Assets
14
14
15
16
21
Total loans
13
13
13
18
19
Underperforming
and rolled-over
loans
18
24
16
18
20
Total deposits
13
13
15
15
19
According to latest estimates value of the OJSC Paritetbank is about $ 40 mln.
6
Regional network
Paritetbank is present in all major cities of Belarus.
The sales network consists of 20 outlets, 6 of which are located in Minsk.
7
Our clients
Paritetbank delivers a wide range of banking services based on the best practices to both corporate and individual
clients. We offer our customers present up-to-date technologies and tailor-made solutions. In the past years
Paritetbank customer base increased substantially and as of January 2013 the number of its corporate clients
exceeded 4,1 thousands.
Our major clients:
Naftan
Minsktrans
Vitebsk Oil Extraction Plant
Bobruisk plant of tractor parts and units
Beleximgarant
Belprofsoyuzkurort
BiznesStroyMir
Urspectr
Vitebskagroprodukt
LIPLAST SPb
Condor
Premiertorg
Gomelagrocomplect
Avicenna
3,6
3
3,8
4,1
3,3
8
International cooperation
Paritetbank enjoys a developed
correspondent network
which covers some of the major banks.
1. United States of America
USD
DEUTSCHE BANK TRUST COMPANY
AMERICAS
New York
2. Germany
EUR JPY
VTB BANK (DEUTSCHLAND) AG
Frankfurt am
Main
EUR CNY
COMMERZBANK AG
Frankfurt am
Main
EUR
DEUTSCHE BANK AG
Frankfurt am
Main
3. Austria
EUR
USD EUR
VTB BANK (AUSTRIA) AG
RAIFFEISEN BANK INTERNATIONAL AG
Vienna
Vienna
4. Latvia
LVL
CITADELE BANKA
Riga
5. Poland
PLN
BRE BANK S.A.
Warsaw
6. Russian Federation
Our team addresses our clients’ needs and
offers competitive and tailor-made
trade finance products:
Export and Import Letters of Credits
Guarantees
RUB
SBERBANK
Moscow
RUB
NOVIKOMBANK
Moscow
RUB
JSC VTB BANK
St. Petersburg
RUB
GAZPROMBANK
Moscow
RUB
PROMSVYAZBANK
Moscow
7. Ukraine
UAH EUR
USD
PRIVATBANK
Dnepropetrovsk
9
Payment services and plastic cards
Bank plastic cards JSC Paritetbank has been a Visa International Associate Member since 2005. In 2011 the bank began to settle with
the payment system independently as a Principal Member. In 2009 JSC Paritetbank became a member of the local payment system
BelKart. The bank provides issuing and acquiring of BelKart magnetic-stripe cards (BelKart-M) in ATMs, cash advance outlets,
unattended payment terminals and POS terminals.
The customers are offered the following card products:
Debit cards:
BelKart-M – local payment cards intended for use within the Republic of Belarus;
VISA Electron
VISA Electron Instant
VISA Classic
VISA Gold
VISA Virtuon
Multi-account VISA Electron, VISA Electron Instant, VISA Classic, VISA Gold cards
Visa Business commercial cards
Credit cards: Visa Electron, Visa Electron Instant with revolving and non-revolving credit limit JSC Paritetbank cardholders are offered
advanced distant banking channels and other supplement services:
ATM and unattended payment terminal network;
Internet Banking (including “Direct debit” service);
Mobile Banking (SMS Banking);
SMS notification on card transactions;
on-line purchases of goods and services (e-commerce);
overdraft facility;
transfer of deposit interest to a card account.
JSC Paritetbank terminal network for acceptance of payment cards includes 15 ATMs, 20 unattended payment terminals with Cash-In
device, 43 terminals in cash advance outlets, 23 payment terminals at points of service. Bank’s ATMs and cash advance outlets
provide cash advance for Visa and BelKart cards issued by any banks. Payment cards issued by the bank are accepted in the terminal
network of any Visa or BelKart member bank.
10
Risk management
The risk management system of the Bank predetermines the management strategy, procedures for detection, evaluation
(assessment), monitoring and control of varied risk types. It is based on the regulatory requirements and recommendations of the
National Bank of the Republic of Belarus, suggestions of Basel Committee on Banking Supervision.
The Risk Management System is based on the continuous process of risk identification, analysis, assessment, optimization,
monitoring and control, further adequacy assessment regarding the applied risk management methods.
The risk management activity is carried out using the system approach based on the principles of risk awareness, delineation of the
powers with regard to risk initiation, evaluation and acceptance. Risk detecting is fulfilled on a regular basis considering the dynamic
change of external and internal environment. General control of the risk management shall be carried out by the Bank’s Management
and the Supervisory Board.
Risk management strategy is based on observance of break-even activity principles and directed to optimum relationship between
profitability of business directions of the bank’s activity and level of assumed risks.
The risk management strategy is aimed at usage of the entire range of instruments available and methods of risk decrease and
restriction. A set of documents clearly scheduling the processes and procedures for risk management was developed in the bank:
Credit;
Market;
Liquidity risk;
Operational and reputational.
The Bank develops procedures and arrangements for prevention and preclusion of stress situations, operation plan in case of critical
circumstances for continued operation of the bank for the purpose of the threat avoidance in relation to realization of outer and
inner risk factors.
The system of internal control in the Bank includes the control of the prevention and suppression activities related to the laundering
of proceeds from crime and terrorist financing, which minimizes the risks (operational, credit, legal, risk of loss of goodwill) arising
from the danger of theft of the bank, the seizure of money and other property located in the bank, or confiscation of bank funds and
other property of clients, which may lead to direct financial loss as a bank, and indirect - loss of confidence by investors and
customers, the outflow funds of depositors and creditors, denial of interbank resources to prosecute oversight, tax and law
enforcement agencies.
11
Key highlights
Despite a challenging market environment in the economy of the Republic of Belarus during 2012 the bank retained its
profitability and enhanced it. Overview of key financials
mln BYR.
01.01.2013 01.01.2012
Profit, running total
21 070,6
Net interest income, running
total
67 301,0
Net fee & commission income,
running total
20 803,8
11 171,3
+88,6%
39 916,5
+68,6%
11 008,8
+89,0%
ROE
11,0
8,0%
+3,0 п.п.
ROA
2,0
1.3%
+0,7 п.п.
12
Revenues, expenses, profit
230,4
287.7
21.1
13.5
66.4
80.3
8.7
11.2
266.6
219.2
66,8
57.7
13
Liquidity
Maintenance of a strong liquidity position is one the priority tasks of the bank. A high share of liquid assets and stable
performance of the prudential ratios regulated by the National Bank of the Republic of Belarus ensure financial stability of
the bank.
Ratio
01.01.2013 01.07.2012 01.01.2012 01.07.2011
Instant liquidity, % (not less
than 20%)
1 658,0
2 403.1
2 614.4
494.3
Current liquidity, % (not less
than 70%)
387,9
1 231.2
425.5
192.5
Short-term liquidity, % (not
less than 1.0)
5,7
4.7
4.1
1.9
14
Capital structure
01.01.2013 bln. BYR
Equity
1.
Core capital (Tier I capital)
216,64
2.
Additional Tier II capital
69,77
3.
Additional Tier III capital
0,00
Equity
286,42
Capital adequacy
Paritetbank supports adequate capitalization level significantly above the prudential requirements of the
National Bank of the Republic of Belarus
01.07.2011 01.01.2012 01.07.2012 01.01.2013
Capital adequacy ratio, % (not
less than 8%)
23.3
23.2
30.7
38,4
Core capital adequacy ratio, %
(not less than 4%)
18.2
16.8
17.8
23,8
15
Assets
01.07.2011 01.01.2012 01.07.2012 01.01.2013
Cash
22.89
34.71
37.77
39.26
Cash with the National Bank
258.60
459.11
361.41
342.13
Loans and advances to other
banks
66.45
80.02
94.89
Securities
30.27
14.60
53.79
6.03
Loans to customers
441.58
455.86
391.07
506.69
Fixed and intangible assets
40.74
80.31
81.41
79.86
871.14
1 139.96
1 030.06
1 024.83
TOTAL assets
36.16
16
Credit portfolio
120.8
113.9
120.7
97.6
98.7
393.3
346.6
326.4
297.9
279.8
17
Credit quality
01.07.2011
01.01.2012
01.07.2012
01.01.2013
1.5
1.3
3.4
3.7
Impaired loans to loans to customers, %
0.1
0.9
1.2
0.5
Asset loss provision, bln. BYR
8.06
11.71
10.35
12.79
Loan loss provision, bln. BYR
7.38
11.17
9.75
12.32
Impaired assets to RWA, %
no more
than 8%
18
Liabilities
01.07.2011 01.01.2012 01.07.2012 01.01.2013
Due to the National Bank
131.80
132.72
81.11
82.24
Due to other banks
121.36
152.34
71.88
26.22
Due to customers
388.23
616.99
650.54
622.66
Securities issued by the
bank
87.16
46.66
28.87
0.0
Other liabilities
5.19
6.79
3.73
3.95
733.75
955.51
836.13
735.07
TOTAL liabilities
19
Current accounts
1813
1698
1413
1493
1170
4024
3719
2943
3269
3501
Current accounts balances, bln BYR
01.01.2011 01.07.2011 01.01.2012 01.07.2012 01.01.2013
Total current
accounts balance
- BYR
- foreign currency
29.03
33.96
43.88
59.32
77,38
25.59
27.59
35.77
48.12
65,09
3.44
6.37
8.11
11.20
12,29
20
Deposits, bln BYR
326
27
124.3
10.3
15.4
125.3
388.2
26.4
355.8
44.1
126
9.8
40.3
149.4
89.8
115.4
63.7
70.2
30.25
82.2
21
CONTACTS
Address:
61A Kiseleva Str., 220002, Minsk, Republic of Belarus
Telephone:
+375 17 288-49-49
Fax:
+375 17 288-63-32
Email
info@paritetbank.by
SWIFT:
POIS BY 2X
Telex:
252455 RANET.BY, 300 283 RANET.BY
Reuters Dealing:
PARI
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