TransCreditBank's Q1 net profit increased 8 times y-o-y

TransCreditBank’s RAS statements for the first quarter of 2009 point to growth of its key performance indicators:

– net assets reached RUR 210 bn (US $6.2 bn) which is a 1.6 times y-o-y increase (RUR 134.6 bn as of april 1, 2008);

– the bank generated RUR 1.9 bn (US $56.9 mln) in net profits vs. RUR 0.23 bn a year ago;

– over the year shareholders’ equity grew from RUR 14.3 bn to RUR 25.4 bn (US $748.3 mln) or 1.8 times.

As of april 1, 2009 the bank carried on its books a total of RUR 135.3 bn (US $3.9 bn) of loans which is 44 % up from the last year’s figure of RUR 94.2 bn. Notably, the retail loan portfolio increased to RUR 49.4 bn or US $1.5 bn (30 % y-o-y growth). 

The bank recorded a 1.6 times y-o-o growth of balance of funds on clients’ accounts and deposits with the bank which now stands at RUR 137.3 bn (US $4.1 bn).

Latest News ORGRESBANK has summarized results of the first half year of 2009 B&N Bank has improved its loan book quality Regulation of the Russian Government dated June 23, 2009 ¹ 854-r Alfa-Bank 2008 Annual Report On Approving Ernst and Young Vneshaudit as Auditor of Vnesheconombank's Annual Financial Statements for 2009 B&N Bank has issued IFRS Consolidated Financial Statements for the year ended 31 December 2008 TransCreditBank Presents Its Financial Statements BNP Paribas Group: Results as at 31 March 2009 According to RAS profit of B&N Bank in 1Q2009 amounted to RUB 142 mln. TransCreditBank Group Produced its 2008 IFRS Accounts

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