Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.
Sector: Financial Services
RU_ZAYM
Shares: connector/market_inputs
| Period | Issues |
|---|---|
| 2023-03-31 Q1 | ✓OK |
| 2023-06-30 Q2 | ⚠Warn 1 |
| 2023-09-30 9M | ✓OK |
| 2023-09-30 Q3 | ✓OK |
| 2023-12-31 FY | ✓OK |
| 2023-12-31 Q4 | ⚠Warn 2 |
| 2024-03-31 Q1 | ✗Errors 2Warn 2 |
| 2024-06-30 Q2 | ✗Errors 1Warn 2 |
| 2024-09-30 9M | ⚠Warn 1 |
| 2024-09-30 Q3 | ✗Errors 1Warn 2 |
| 2024-12-31 FY | ⚠Warn 1 |
| 2024-12-31 Q4 | ✗Errors 1Warn 1 |
| 2025-03-31 Q1 | ⚠Warn 3 |
| 2025-06-30 Q2 | ✗Errors 2Warn 1 |
| 2025-09-30 9M | ⚠Warn 1 |
| 2025-09-30 Q3 | ✗Errors 1Warn 1 |
| 2025-12-31 FY | ✓OK |
| 2025-12-31 Q4 | ✓OK |
| 2026-03-31 Q1 | ✗Errors 2 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | Net interest incomeM USD | Net profitM USD | AssetsM USD | EquityM USD | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 63.7 y/y -9.3% | 6.1 y/y -52.3% | 258.9 y/y 12.8% | 208.9 y/y 9.9% | — | Report (PDF) |
| 2025-12-31 | Q4 2025 (3M) | OK | 67.9 y/y -1.1% | 15.6 y/y -8.9% | — y/y — | — y/y — | — | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 73.8 y/y 12.7% | 19.3 y/y 31.0% | 257.5 y/y 16.1% | 203.4 y/y 16.3% | 13.3% | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 74.5 y/y 16.8% | 13.3 y/y -21.3% | 242.7 y/y 18.7% | 184.1 y/y 4.0% | 28.3% | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 70.2 y/y 12.8% | 12.8 y/y 99.6% | 229.5 y/y 17.5% | 190.1 y/y 14.1% | 28.0% | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 68.7 y/y 15.3% | 17.1 y/y 42.9% | 230.9 y/y 5.5% | 177.2 y/y 6.0% | 31.3% | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 65.5 y/y 4.2% | 14.7 y/y -17.9% | 221.7 y/y — | 174.9 y/y — | 11.2% | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 63.8 y/y -8.3% | 16.9 y/y -46.4% | 204.4 y/y -6.6% | 177.0 y/y 5.9% | 39.2% | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 62.3 y/y -7.1% | 6.4 y/y -73.2% | 195.3 y/y -10.8% | 166.6 y/y -0.3% | 15.4% | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | OK | 59.5 y/y — | 12.0 y/y — | 218.9 y/y — | 167.1 y/y — | — | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | OK | 62.8 y/y — | 17.9 y/y — | — y/y — | — y/y — | — | Report (PDF) |
| 2023-06-30 | Q2 2023 (3M) | OK | 69.5 y/y — | 31.5 y/y — | 218.9 y/y — | 167.1 y/y — | 75.3% | — |
| 2023-03-31 | Q1 2023 (3M) | OK | 67.0 y/y — | 24.0 y/y — | 218.9 y/y — | 167.1 y/y — | — | — |
IFRS decomposition: interest, fee and trading result with provisions, costs and the recurring/non-recurring profit split (bn RUB). Source: eninvs.com.
| Item, bn RUB | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Interest income | 18.7 | 18.6 | 20.5 | +10% |
| Interest expense | -0.2 | -0.1 | -0.1 | -52% |
| Net interest income | 18.5 | 18.6 | 20.4 | +10% |
| Credit-loss provisions | -3.9 | -5.5 | -8.7 | -57% |
| NII after provisions | 14.5 | 13.0 | 11.7 | -10% |
| Fee & commission income | 0.2 | 0.5 | 2.4 | +352% |
| Fee & commission expense | -0.5 | -0.5 | -0.4 | +30% |
| Net fee & commission income | -0.2 | 0.0 | 2.1 | +6509% |
| Financial-instruments (trading) result | -0.0 | -0.0 | 0.0 | +103% |
| Other operating income, net | -0.6 | -0.1 | -0.8 | -882% |
| Operating income | 18.7 | 19.1 | 22.8 | +20% |
| Administrative & other expenses (SG&A) | -5.9 | -7.6 | -7.2 | +6% |
| Profit before tax | 7.8 | 5.4 | 5.8 | +8% |
| Income tax | -1.7 | -1.4 | -1.5 | -2% |
| Net profit | 6.1 | 3.9 | 4.3 | +11% |
| of which recurring | 6.1 | 3.9 | 4.3 | +11% |
| of which non-recurring | -0.0 | -0.0 | 0.0 | +100% |
ROE = net profit ×4 / avg equity; CoR = provisions ×4 / avg credit portfolio; CIR = admin expense / operating income; NIM = NII ×4 / avg assets.
| Quarter | 24/06 Q2 | 24/09 Q3 | 24/12 Q4 | 25/03 Q1 | 25/06 Q2 | 25/09 Q3 | 25/12 Q4 | 26/03 Q1 |
|---|---|---|---|---|---|---|---|---|
| P&L, bn RUB | ||||||||
| Net interest income | 4.5 | 4.7 | 4.9 | 5.0 | 5.3 | 5.3 | 4.8 | 4.5 |
| Provisions | -3.7 | -1.4 | -1.1 | 1.0 | -5.5 | -2.1 | -2.2 | 0.7 |
| Net fee income | -0.1 | -0.0 | 0.2 | 0.2 | 0.4 | 0.6 | 0.9 | 0.5 |
| Operating income | 4.6 | 4.8 | 5.2 | 5.4 | 5.8 | 5.9 | 5.8 | 5.2 |
| Admin (SG&A) | -1.8 | -1.7 | -2.3 | -1.9 | -1.8 | -1.5 | -1.9 | -2.3 |
| Net profit | 1.2 | 1.1 | 1.2 | 0.9 | 0.9 | 1.4 | 1.1 | 0.4 |
| Balance (period-end), bn RUB | ||||||||
| Credit portfolio | 12.7 | 13.1 | 13.2 | 14.5 | 14.6 | 13.9 | — | 12.4 |
| Securities portfolio (bonds) | — | — | — | — | — | 0.3 | — | — |
| Customer deposits | — | — | — | — | — | 0.8 | — | 0.7 |
| Other assets | 1.9 | 2.7 | 3.2 | 1.9 | 2.7 | 4.1 | — | 6.1 |
| Total assets | 14.6 | 15.8 | 16.5 | 16.4 | 17.3 | 18.4 | — | 18.5 |
| Equity | 12.6 | 12.5 | 12.6 | 13.6 | 13.1 | 14.5 | — | 14.9 |
| Key ratios (annualised) | ||||||||
| ROE (annualised) | 39.2% | 33.5% | 38.8% | 28.0% | 28.3% | 39.8% | — | 11.7% |
| Cost of risk (CoR) | 117.31% | 42.66% | 34.06% | -30.15% | 151.38% | 58.10% | — | -21.84% |
| Cost-to-income (CIR) | 39.5% | 34.7% | 44.5% | 35.8% | 31.5% | 26.0% | 32.3% | 44.0% |
| Net interest margin (NIM) | 127.62% | 122.91% | 121.34% | 122.08% | 126.20% | 118.01% | — | 98.47% |
High yield on falling profit
The forecast yield is high but full-year profit fell >20% — the payout rests on past earnings and is likely to be cut. Upside is suppressed to avoid flagging a yield trap as a buy.
| 1 · Forecast dividend (per policy) | |
| Smoothed net profit (median YTD-ann./LTM/FY) | 4 bn RUB |
| Payout ratio | 50% |
| Free cash flow (FY, OCF − capex) | 5 bn RUB |
| Recent actual dividend (3-yr median) | 25.32 ₽ |
| = Forecast dividend per share | 25.32 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.5% |
| Historical yield spread to rate (3-yr median) | -1.7 pp |
| = Fair dividend yield (bank floor ≈ rate−3.5) | 12.8% |
| 3 · Valuation → upside | |
| Current price | 145.00 ₽ |
| Forecast dividend yield | 17.5% |
| Fair price (dividend-based) | 210 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
No dividend rows found for this issuer.
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)