Net profit earned by SMP Bank in 2015 (excluding events occurring after the balance sheet date) amounted to Rub 750 mln under RAS, the lending institution's press service reported.
At the end of 2015 the lender's aggregate loans due (excluding operations with lending institutions) came to Rub 116.8 bln against Rub 127.3 bln a year ago.
"The credit portfolio contracted, in particular, due to a drop in the funding of constituent entities of the Russian Federation and municipal formations (down Rub 20 bln) and retail lending (down Rub 2.6 bln). Meanwhile, corporate lending grew (by Rub 11.4 bln)," the bank said in a press release.
Last year funds held on accounts of corporate clients increased to Rub 48.7 bln, and the money held on retail accounts totaled Rub 114.3 bln as of year-end 2015. SMP Bank's assets jumped 19% y-o-y to Rub 416.1 bln, while the financial institution's capital exceeded Rub 26 bln.
