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Otkritie Bank's corporate loan portfolio increased by 13%
At the end of 2020, the corporate loan portfolio of Otkritie Bank exceeded one trillion rubles. The increase compared to 2019 was 13%.
According to the bank's press service, the number of Otkrytie's client companies has exceeded ten thousand. At the same time, loans issued amounted to 1,2 trillion rubles, which is 27% more than the final indicator of 2019. The volume of funds on the networks of corporate clients also increased by 22%. As of January 1, 2021, this volume amounted to 0,6 trillion rubles.
In 2020, Otkritie Bank participated and developed its services in new areas. In particular, he became an organizer and participant in syndicated lending and bridge financing transactions for the Amur Gas Chemical Plant. Complex solutions were developed for individual industries: in particular, the Mangazeya group of gold mining companies was able to open a credit line in the bank and carry out commodity hedging.
Also during the pandemic, Otkrytie's corporate clients were offered products that helped smooth out market volatility and minimize risks. In 2020, the volume of interest rate hedging increased by 56%, and foreign exchange - by 21%. In commodities - coal and gold - price hedging totaled more than USD 600 million. The bank's share in the Russian physical gold market increased from 19% to 23%.
Otkritie Bank in 2020 also became the largest partner of the Energy Development Background. As part of the program for the development of a "green" economy, we managed to participate in the construction of wind farms in the Astrakhan and Volgograd regions. In addition, with the participation of the bank, the creation of a waste processing complex in the Moscow region with a capacity of more than 1,2 million tons was financed.
Otkritie Bank confirmed its position in the investment market. At the end of the year, it took the eighth place in the rating of organizers and underwriters of ruble-denominated bonds issued by the Cbonds news agency. In total, more than 50 bond issues of 29 issuers were placed in the amount of 260 billion rubles.
For the first social bond project in Russia, Otkritie Bank also became a key investor and one of the organizers. It is about creating a year-round camp for children in Yakutia. Also, a direct agreement and a loan agreement were signed for the construction of a Nuclear Medicine Center in Buryatia. The bank also participated in more than 100 projects in the ararian industry worth 85 billion rubles.
Also in 2020, housing construction remained one of the strategic directions of the bank's business. Otkritie has again confirmed its level, remaining in the top 4 credit institutions working in this area. Projects of developers in 33 regions of the country were financed for 1,3 million square meters of housing.
Also during the pandemic, the bank developed remote communication channels with customers. The main payment services were transferred to the Otkritie-Business Online RBS system, and the operating day was extended until 23:30. Domestic payments are carried out around the clock on weekdays.