CREDIT BANK OF MOSCOW publishes its RAS results for 1Q2017
The Bank’s net income for the 3 months of 2017 increased by 7 times yoy to RUB 3.6 bln. It was mainly due to the growth of fee and commission income, and also interest income and some operating income items.
The net interest income (before provisions) earned in the first quarter of 2017 grew by 6.1% yoy to RUB 10.4 bln. The net fee income rose by 66.4% yoy to RUB 3.1 bln.
The Bank’s total assets as of 1 April 2017 stood at RUB 1.3 trln, declining by 8.8% or RUB 121.5 mln ytd mainly because deposits with credit institutions shrank. CREDIT BANK OF MOSCOW is ranked 9th by total assets among Russian banks (Banki.ru) and is the 3rd largest Russian privately-owned bank.
The Bank's loan portfolio before impairment provisions reduced by 6.5% to RUB 1,034.4 bln as at the reporting date, of which RUB 938.0 bln or 90.7% are attributable to corporate loans and RUB 96.4 bln or 9.3% to retail loans.
The customer deposits increased by 8.5% to RUB 841.4 bln, mainly due to a 10.1% growth of corporate deposits that reached RUB 586.1 bln in the first 3 months of 2017. Retail deposits rose by 4.9% to RUB 255.2 bln.
The capital adequacy ratios as of 1 April 2017 were: N1.1 – 7.5%, N1.2 – 7.5%, N1.0 – 12.9%, while the total capital calculated in accordance with Basel III decreased slightly to RUB 140.6 bln, less than 1% down ytd.