Rosgosstrakh Bank has released its IFRS consolidated financial statement for the first half of 2014.
The groups interest income came to Rub 6.5 bln, up 27% on the year, the bank said in a press release. “This increase was to a large extent driven by higher interest income from client loans and tradable securities," the bank noted in the press release. Net interest income before provisions amounted to around Rub 3.5 bln (Rub 2.1 bln a year ago, the financial statement showed).
Net non-interest income reached Rub 3.1 bln (Rub 1.4 bln as of June 30, 2013). “The bulk fell to commission income (Rub 1 bln) and net profit from operations with financial assets and obligations which are reflected at the fair value via profit or losses (Rub 1.3 bln)," the bank wrote in the press release.
The lenders first-half net profit totaled nearly Rub 449 mln. Rosgosstrakh Bank earned Rub 173.2 mln in January — June 2014. So, the indicator leapt 2.6 y-o-y.
The groups capital grew 8% y-
The groups assets reached Rub 117.1 bln as of July 1, 2014.
Liabilities totaled Rub 101.4 bln. Furthermore, over 60% of the drawn funds fell to money of clients (Rub 64.7 bln), including Rub 37.7 bln to the money of households, the lending institution specified in the press release.
The IFRS consolidated financial statement includes data on several mutual funds targeting various sectors from Rosgosstrakh Bank Group (apart from its own results), the banks financial statement showed.