investing in distressed financial assets in russia and ukraine

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  • , 2013

  • (. .)

    510

    6 7

    8

    x2.0

    01.01.2014*

    16

    2013*

    1

    2012

    2

    2011

    1

    2010

    0

    2009 2008 2007 2006 01.01.2006

    2315 15 19

    33

    44

    49

    229

    47

    x4.8

    12

    2

  • / /

    3

    5%

    6%

    7%

    8%

    9%

    10%

    11%

    12%

    13%

    14%

    15%

    16%

    2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

    Russia

    Ukraine

    Poland

    NPL ra^o

    Credit Growth YoY

  • 4

    ,

  • " "

    2009-2014

    UA

    RU

    2009 (-)

    " " "

    UA

    RU

    2014 ()

    " "

    ( )

    5

  • 2009-2014

    "

    " "

    UA

    RU

    " "

    UA

    RU

    2009 (-) 2014 () 6

  • 10,0%

    7,5%

    5,0%

    0,0%

    2,5%

    12,5%

    15 22 21 20

    Month

    +15%

    +34%

    25 24

    0,11%

    23 14 13 12 11 10 9

    0,16%

    8 7 6

    1,00%

    0,62%

    5

    0,68%

    4

    0,75%

    0,46%

    0,83%

    2

    0,91%

    1 19 18 17 16

    0,24%

    3

    Net cash flow from its own process (nominal)

    Nominal price of portfolio The future value of the portfolio price

    , 12-16 ( ). . ( , ), 15-40% *.

    7 * 180-720

  • !

    8