May 14, 2014 11:45
CBM double RAS net profit in Q1 to 3.411 bln rubles
MOSCOW. May 14 (Interfax) - The Credit Bank of Moscow (CBM) (MOEX: MSKB) doubled net profit to Russian Accounting Standards (RAS) in the first quarter of the year to 3.411 billion rubles compared with Q1 2013, the bank said in a press release.
Net interest income advanced 48.8% to 4.911 billion rubles, while net fee and commission income grew 66.6% to 1.222 billion rubles.
The lending portfolio, less provisions for impairment, increased 4.5% in January-April 2014 to 342.5 billion rubles. Corporate loans totaled 235.1 billion rubles, and retail loans - 107.4 billion rubles.
CBM's capital to Basel III standards was 63 billion rubles, up 4.4% from the beginning of the year. The bank's capital adequacy (1.0) reached 12.3% as of April 1, 2014, and core capital adequacy was 7.42%.
CBM's assets reached 454.2 billion rubles as of April 1, 2014.
Credit Bank of Moscow was Russia's 14th largest bank by assets at the end of Q1 2014, according to the Interfax-100 ranking.
(Our editorial staff can be reached at email@example.com)
December 20, 2014
Access to Navalny's Facebook page limited on demand from Prosecutor General's Office
Georgia PM: Putin proposal for talks to be accepted if aimed at "concrete result"
Ukraine to re-introduce military conscription
Ukraine to carry out new partial mobilization of reservists - Poroshenko
Poroshenko wants lawmakers to urgently get down to bill to end Ukraine's nonaligned status
Armed action in East Ukraine costs Ukraine state 100 mln hryvni daily - president
UKRAINE TO HAVE NEW WAVE OF PARTIAL MOBILIZATION OF RESERVISTS IN 2015 - POROSHENKO
UKRAINE TO SPEND NEARLY 5% OF GDP ON DEFENSE, SECURITY - POROSHENKO
POROSHENKO WANTS PARLIAMENT TO IMMEDIATELY LOOK AT BILL TO END UKRAINE'S NONALIGNED STATUS
Putin: impossible to "intimidate" or "isolate" Russia
Putin: foreign spies stepping up activities in Russia
Russia to prepare measures in response to new U.S., Canadian sanctions - Foreign Ministry (Part 2)
PM complains fugitive former Georgian politicians get jobs in Ukraine govt
Germany‘s E.ON is spinning its Russian business off to a "New Company" which will be transferred to the company‘s shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ON‘s conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ON‘s CEO, told Interfax in an interview of the logic behind the decision and its implications for the concern‘s Russian subsidiary OJSC E.ON Russia.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.
The name Arkady Rotenberg has been in the news far more frequently than usual in recent months. The billionaire was hit by the first wave of European Union sanctions against Russia, and has already challenged this decision in court. Recently it was reported that the businessman has sold part of his assets to his eldest son. Arkady Rotenberg spoke in an interview with Interfax about whether there was a link between these two developments, the impact of sanctions on his business, his friendship with President Vladimir Putin and many other topics.