MDM Bank earns Rub 3.3 bln net profit in 9M

PRIME-TASS. MDM Bank, a Top 30 lender in Russia, generated Rub 3.26 bln net profit in January-September 2011 under the Russian Accounting Standards (RAS), Prime-TASS wires quoting the bank’s data.

In January-June 2011 the bank generated RAS net profit of Rub 1.6 bln against a Rub 5.8 bln loss a year ago.

In January-September 2011 the bank’s assets dropped 10.1% y-o-y to Rub 345.85 bln.

The lending institution’s 9M11 pre-tax profit totaled Rub 4.12 bln vs. a Rub 4.20 bln loss in the year-earlier period.

The bank’s net interest income for January-September 2011 rose 3.5% to Rub 15.50 bln.