Net profit generated by SMP Bank Group in the first quarter of 2016 under IFRS climbed 53.5% to Rub 9.5 bln. During the year-ago period the group's net profit equaled Rub 6.2 bln, the financial institution's press service reported.
Net interest income grew and totaled Rub 2.9 bln during the first three months of the year.
"The group has kept credit positions at the previous level, and growth was recorded in some areas of business. In particular, the credit portfolio of big corporate customers expanded by Rub 1.3 bln, while the retail credit portfolio rose by Rub 1 bln primarily on the back of a jump in consumer lending," the bank pointed out.
Accounts and deposits held by SMP Bank Group's customers fell 1.6% to Rub 249.3 bln in January-March 2016 compared to Rub 253.3 bln as of year-end 2015. The indicator decreased because of a drop in balances held on accounts of retail and corporate customers, SMP Bank added. Meanwhile, term deposits of households and businesses jumped 5% and 14.7%, respectively, to Rub 170.5 bln and Rub 15.8 bln.
SMP Bank Group's equity totaled Rub 7.7 bln.