A net loss reported by MDM Bank under IFRS in January — June 2015 totaled Rub 4.6 bln, the bank said in its financial statement. During the year-earlier period the bank earned Rub 658 mln in net profit.
The lender's 1H interest income came to Rub 16.65 bln, or up 33.9% y-o-y.
As of June 30, 2015 loan impairment provisions stood at Rub 33.6 bln, while as of January 1, 2015 the provisions were Rub 3 bln lower (Rub 30.5 bln).
