Net profit generated by Samara-based Rusfinance Bank, which is part of Societe Generale Group, climbed 2.26x y-
In January — June 2011 the lender’s net profit totaled Rub 2.8 bln, i.e. the current indicator turned out to be nearly Rub 300 mln below last year’s one and nearly Rub 2 bln short of the FY11 indicator (Rub 4.29 bln).
During the first six months of 2012 Rusfinance Bank’s assets slid over Rub 1 bln from Rub 95.63 bln to Rub 94.47 bln, but jumped Rub 2 bln compared to January — March 2012 (from Rub 92.45 bln).
Rusfinance Bank managed to raise roughly Rub 140 mln via retail deposits in January — June 2012. As of July 1, 2012 the lender’s retail deposits totaled Rub 2.11 bln vs. Rub 1.97 bln as of year-end 2011.
The bank’s required reserves declined nearly Rub 35 mln from Rub 235.6 mln at the beginning of 2012 to Rub 200.5 mln in April — June 2012.
