PRIME-TASS. Alfa-Bank managed to bump up its RAS net profit by 16% to Rub 7.07 bln in 2008, the lender said in its P&L statement (Form102). As wired earlier, the lending institution’s 9M08 net profit came to Rub 10.4 bln or 100% higher than in January-September 2007.
In 2008, the lender’s earnings from transaction with securities acquired totaled Rub 12.98 bln, while the positive revaluation of securities, currencies and precious metals generated profit equal to Rub 311.91 bln, whereas the bank’s operating profit, as a whole, came to Rub 448.66 bln. Earnings from the restoration of reserves formed for possible losses equaled Rub 122.96 bln as of January 1, 2009.
At the same time, the negative revaluation of securities, currencies and precious metals in 2008 resulted in the lending institution’s expenses equaling Rub 294.91 bln, while operating expenses amounted to Rub 473.82 bln as a whole. As of January 1, 2009 allocations to the reserves for possible loan losses totaled Rub 138.25 bln.
The beneficial owners of Alfa-Bank Group are Mikhail Fridman (36.47% of securities), Herman Khan (23.27%), Alexey Kuzmichev (18.12%), Pyotr Aven (13.76%), Alex Knuster (4.3%) and Andrey Kosogov (4.08%).
