Fee and commission income/expense
The Group’s net fee and commission income increased 21% to 170.3 bln RUB in 2012.
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|
RUB bln |
2012 |
2011 |
Change, RUB bln |
Change, % |
|---|---|---|---|---|
| Plastic card operations | 51.9 | 35.1 | 16.8 | 47.9% |
| Cash and settlement transactions with individuals | 48.7 | 41.5 | 7.2 | 17.3% |
| Cash and settlement transactions with legal entities | 47.5 | 42.5 | 5.0 | 11.8% |
| Agent commissions on selling insurance contracts | 17.0 | 14.0 | 3.0 | 21.4% |
| Guarantees issued | 7.3 | 4.4 | 2.9 | 65.9% |
| Operations with foreign currencies | 5.2 | 6.5 | (1.3) | -20.0% |
| Cash collection | 5.1 | 4.7 | 0.4 | 8.5% |
| Operations with securities | 2.6 | 1.1 | 1.5 | 136.4% |
| Other | 3.9 | 2.1 | 1.8 | 85.7% |
| Fee and commission expense | (18.9) | (11.2) | (7.7) | 68.8% |
| Net fee and commission income | 170.3 | 140.7 | 29.6 | 21.0% |
The largest item and main driver of fee income growth were fees from operations with bankcards, which increased 47.9% for the year. Cash operations and settlement transactions with individuals and legal entities increased 14.5% to 96.2 bln RUB in 2012. Agent commissions on selling insurance contracts and fees from issuing guarantees also delivered strong growth.