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 firstname.lastname@example.org)
October 21, 2017
Polemic around ancient mummy reburial heats up in Kyrgyzstan; scientists demand exhibit's return to museum
Ukrainian auditors reveal millions misspent of Eurovision 2017 funds
Russian attack aircraft provide air support for CSTO peacekeeping forces during exercise in Kazakhstan
Russian-Belarusian agreement on visa recognition to be signed before end of 2017
Critical situation at Al-Rukban refugee camp in Syria - Russian Defense Ministry
Kakha Kaladze wins Tbilisi mayoral election - exit poll
Russian Duma ratifies two documents on military-technical cooperation with Belarus
Iraqi foreign minister to hold talks with Lavrov in Moscow (Part 2)
Russian foreign ministry's special envoy Burmistrov denies plans to travel to Pyongyang
Russian on sufficient level of coordination, communication with DPRK - Russian diplomat
Russia to continue to cooperate with DPRK, two countries have friendly diplomatic relations - foreign ministry's special envoy
Russia ready to help establish dialogue between DPRK, U.S. - Russian diplomat
Iraqi foreign minister to meet with Rogozin as co-chairman of bilateral cooperation commission