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)
September 16, 2014
Russia political and economic calendar: September 16
September 15, 2014
DPR studies status bill, hopes for peace with Kyiv
Russians optimistic about economic situation - poll
Kyiv reports truce violations southeast Ukraine
OSCE monitors continue working in Donbas as usual
Ukraine cabinet proposes increasing funding for military to almost $5 bln
Terror attack prevented in Kabardino-Balkaria - NAC
Russia thoroughly investigates border incident - ambassador
Kabayeva agrees to chair National Media Group board of directors
Lawyers meet with Estonian security officer held in Russia
Moscow warns of retaliation against Stockholm over situation around trade mission building
Special status for Donbas won't ruin Ukraine's integrity - Poroshenko