This August Tatfondbank turned net profit of Rub 385.8 mln after an increase in the bank's operating profit, the bank's press service reported.
The lending institution's assets jumped 3.4% m-o-m from Rub 211 bln to Rub 218.2 bln, while equity rose 0.7% from Rub 29.2 bln to Rub 29.4 bln.
The bank's retail credit portfolio expanded 2.2% (Rub 20.4 bln as of August 1, 2016, and Rub 20.9 bln as of September 1), retail deposits grew 0.2% (Rub 72.4 bln as of August 1, 2016, and Rub 72.5 bln as of September 1, 2016).
The corporate credit portfolio rose 1.6% from Rub 105 bln to Rub 106.7 bln, corporate deposit accounts jumped 11.2% from Rub 32.8 bln to Rub 36.4 bln, and balances held on settlement accounts climbed 10.4% from Rub 7 bln to Rub 7.7 bln.
Thus, the bank managed to break even. As the bank reported in August, net loss has totaled Rub 2.9 bln YTD, and Rub 360 mln.
In addition, the media wired in late summer that Tatfondbank became the only rehabilitating bank that violated CBR ratios in 2Q. The bank breached the risk ratio per borrower, and also failed to fulfill the obligation to average required reserves. This was found out by Kommersant that analyzed quarterly financial statements of 15 rehabilitating banks that were released in mid-August. Tatfondbank is a rehabilitation agent of Timer Bank (former BTA-Kazan) and Bank Sovetsky.
