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VELES Capital joins the ranking of the largest brokerage firms by revenue in 9M19

VELES Capital joins the ranking of the largest brokerage firms by revenue in 9M19

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)

Name Revenue
(RUB mln)
Y-o-y change
(%)
Including brokerage services
(RUB mln)
Net profit
(RUB mln)
Y-o-y change 
(%)
BCS 5,649.6 31.6 4.99 2,571.4 36.4
Region Brokerage Firm 3,707.0 69.1 N/A 3,045.7 104.1
Otkritie Broker 1,981.5 40.3 N/A 3,137.7 -
Finam 1,594.3 - 9.8 1.12 - 840.7 -
Sberbank CIB 1,500.1 32.0 N/A 2,157.7 -
Merrill Lynch Securities 1,387.7 3.7 0.47 175.7 22.6
Aton 1,341.7 25.9 1.15 - 27.2 -
Freedom Finance 1,102.5 110.7 1.08 73.2 -
VTB Capital 763.6 - 29.8 0.16 1,775.0 -
VTB Capital Broker 654.4 92.0 0.23 225.3 45.4
VELES Capital 614.1 56.7 0.52 319.6 151.4
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 -
Univer Capital 205.5 59.4 N/A 85.7 62.3
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.

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Moscow, Russia, 123610
12, Krasnopresnenskaya quay
entrance 7, floor 18

World Trade Center-II

 

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