PRIME-TASS
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Credit Bank of Moscow RAS net profit up 27% on year in 2011
MOSCOW, Feb 3 (PRIME) -- Net profit of Credit Bank of Moscow rose 27% on the year in 2011 to 2.128 billion rubles as calculated under the Russian Accounting Standards (RAS), the bank said in a statement Friday.
Total assets increased 41% on the year in 2011 to 230 billion rubles, the bank said.
Credit portfolio edged up 58% to 165.7 billion rubles. The corporate loan portfolio increased 57% to 135.9 billion rubles, credits to households rose 63% to 29.8 billion rubles.
In 2011, total liabilities rose 40% to 212.5 billion rubles.
The bank continued diversification of its funding base and boosted the bond volume 86% on the year, with total bond debt amounting to 20.4 billion rubles.
Credit Bank of Moscow’s sole shareholder is Consern Rossium, the ultimate beneficiary is businessman Roman Avdeyev.
