Profit garnered by Rosgosstrakh Bank in the January-March quarter of 2016 amounted to Rub 30.2 mln under IFRS, the lending institution's press service reported.
Net interest income reached Rub 1.1 bln, up by more than 150% y-o-y (Rub 400 mln in January-March 2015). Net commission income amounted to Rub 377.5 mln.
In 2016, opex has decreased 6.7% to Rub 990 mln. The bank's credit portfolio (after impairment provisions) amounted to Rub 28.9 bln. The credit portfolio turns a profit of 16.3%.
During the reporting period, the group's liabilities amounted to Rub 115 bln, while customers' funds totaled Rub 76.5 bln. Funds drawn from households rose 5.5% to Rub 63.6 bln (Rub 60.3 bln in 2015).
Assets held by Rosgosstrakh Bank reached Rub 131.2 bln in January-March 2016.