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.
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