CREDIT BANK OF MOSCOW reports its preliminary RAS results for the first two months of 2018


CREDIT BANK OF MOSCOW has reported its preliminary results for January-February 2018 in accordance with Russian Accounting Standards.

The Bank’s net income after taxation for the first two months of 2018 was RUB 4.4 bln, having grown by 28.4% yoy.

The Bank’s capital adequacy ratios as of 1 March 2018 had strengthened notably compared to the 1st January and reached: N1.1 — 8.7%, N1.2 — 12.1%, N1.0 — 21.5%.

The total capital calculated in accordance with Basel III was RUB 250.2 bln as at the reporting date.

The Bank’s total assets reached RUB 1,756.2 bln as of 1 March 2018.

The retail depositor base demonstrates a stable growth. Retail deposits increased by RUB 5 bln (+1.5%) to RUB 295.1 bln. Corporate deposits decreased by 5.4% to RUB 691.0 bln.

The total retail and corporate loan portfolio, including repos, slightly shrank to RUB 1,574.4 bln, of which 94% is attributable to corporate loans, and 6% to retail loans.