VELES Capital joins the ranking of the largest brokerage firms by revenue in 9M19
6 December 2019 22:13
VELES Capital investment company has joined the ranking of the largest brokerage firms by revenue in 9M19 according to Kommersant. VELES Capital ranked 11th with its 9M19 revenue totaling RUB 614.1 mln, up 56.7% y-o-y (RUB 391.9 mln in 9M18). The company’s net profit was RUB 319.6 mln, up 151.4% y-o-y (RUB 127.1 mln in 9M18). Revenue from brokerage services equaled RUB 520 mln.
Kommersant analysed indicators of 20 brokerage firms. The leaders of the ranking are BCS Financial Group, Region Brokerage Firm, Otkritie Broker. Solid Investment and Financial Company, Univer Capital and Zerikh Capital Management came in at the bottom of the ranking.
Financial indicators of largest brokerage firms (9M19)
|Including brokerage services
|Region Brokerage Firm||3,707.0||69.1||N/A||3,045.7||104.1|
|Finam||1,594.3||- 9.8||1.12||- 840.7||-|
|Merrill Lynch Securities||1,387.7||3.7||0.47||175.7||22.6|
|VTB Capital||763.6||- 29.8||0.16||1,775.0||-|
|VTB Capital Broker||654.4||92.0||0.23||225.3||45.4|
|Alor +||458.6||7.1||0.41||204.4||- 30.2|
|IT Invest||451.5||127.7||0.36||- 32.5||-|
|Renaissance Broker||281.0||- 12.6||0.22||274.6||- 81.3|
|General Invest||262.5||- 6.5||0.20||- 406.0||-|
|Citigroup Global Markets||255.0||- 10.0||0.16||27.8||- 84.2|
|KIT Finance||214.8||28.1||0.20||0.6||- 99.6|
|Solid IFC||210.6||12.6||0.13||- 66.3||-|
|Zerich Capital Management||203.1||-19.6||N/A||- 27.8||-|
Source: Kommersant Publishing House
VELES Capital is one of the oldest investment companies in Russia. Dmitry Bugaenko and Alexey Gnedovsky, the founders and owners of the company, have been developing and managing the investment business since 1995. The company has been assigned the highest international credit rating among independent investment companies: BB-/B with a stable outlook by S&P, as well as RuA+ credit rating with a stable outlook by Russian agency Expert RA.