RATO Credit Union
RÁTO Credit Union (previously known as Credit Union Of Vilnius Region) opened on May 30, 1996. It is among the Unions operating in Lithuania for the longest period. The Bank of Lithuania granted a license to the Vilnius Region Credit Union (VRCU) on May 30, 1996.
While conducting business activities, RÁTO is guided by the Law on Credit Unions of the Republic of Lithuania, legal acts and regulating resolutions of the Bank of Lithuania and other financial services legislations. In 2000, the Bank of Lithuania issued a permission to VRCU to perform financial operations in foreign currency. VRCU was a member of Lithuanian Central Credit Union (LCCU) from 2006 till 2015. On November 11, 2015, General Meeting of Members came to a decision to retire from Lithuanian Central Credit Union from January 1, 2016.1
RÁTO’s activities are supervised and controlled by the Bank of Lithuania.
Link to the license issued by the Central Bank of Lithuania https://www.lb.lt/lt/frd-licencijos/view_license?id=285
Pagrindiniai veiklos rodikliai
Key RATO balance indicators and their dynamics during the period 2016-04-01-2017.06.30.
Thsd. EUR |
01/04/2016 |
01/07/2016 |
01/10/2016 |
01/01/2017 |
01/04/2017 |
01/07/2017 |
Per year |
Per Q2 |
|---|---|---|---|---|---|---|---|---|
Assets |
18,703 |
18,785 |
19,888 |
20,577 |
22,318 |
24,377 |
30% |
9% |
Debt securities |
3,302 |
4,156 |
3,234 |
2,887 |
3,609 |
4,287 |
3% |
19% |
Funds in banks |
2,655 |
618 |
1,062 |
1,008 |
1,029 |
856 |
38% |
-17% |
Loans granted |
12,034 |
13,062 |
14,608 |
15,704 |
16,963 |
18,529 |
42% |
9% |
Deposits |
16,920 |
16,983 |
17,954 |
18,693 |
20,308 |
22,238 |
31% |
10% |
Credit unions market trends.
RATO |
01/04/2016 |
|
|---|---|---|
Market share,% |
Position |
Market share,% |
Assets |
2.8 |
11 |
Loans |
4.1 |
5 |
Deposits |
2.9 |
12 |
Cahnge |
Per year (2016 Q1-2017 Q1) |
|
|---|---|---|
Market |
RATO |
Market |
Assets |
-1% |
19% |
Debt securities |
-51% |
9% |
Funds in banks |
19% |
-61% |
Loans |
19% |
41% |
Deposits |
0% |
20% |
Financial risk management.
01/04/2016 |
01/07/2016 |
01/10/2016 |
01/01/2017 |
01/04/2017 |
2017.07.01* |
Markets (TOP 10 CU) average, 2017-04-01 |
|
|---|---|---|---|---|---|---|---|
Capital adequacy ratio,% |
15.25 |
14.98 |
15.61 |
13.00 |
13.35 |
16.67 |
16.32 |
Liquidity ratio,% |
42.81 |
40.01 |
33.74 |
32.00 |
31.66 |
31.53 |
48.48 |
Ratio of provisions and loans,% |
0.95% |
0.82% |
1.16% |
1.16% |
1.15% |
1.01% |
nd |
The share of increased risk** loans in the loan portfolio,% |
21% |
18% |
21% |
20% |
22% |
18% |
nd |
Number of hedged** risk loans, units |
126 |
127 |
125 |
113 |
127 |
122 |
nd |
* From 01-07-2017 The capital adequacy calculation methodology has changed
** from the third risk group
Profitability Indicators.
RATO |
||
|---|---|---|
2016 m. H1 |
2016 m. H2 |
2017 m. H1 |
Average annual yield of assets,% (interest income / assets) |
4.9% |
4.4% |
Average annual loan yield,% (interest income from loans / loans) |
6.5% |
6.0% |
Average annual deposit rate,% (interest expense / deposits) |
1.7% |
1.5% |
Operating cost ratio,% |
5.1% |
4.9% |