In the January-September period of 2016 Rosgosstrakh Bank earned Rub 520 mln in profit against a Rub 738 mln loss in the year-ago period. These numbers from the bank's IFS financial statement was given in a press release.
The main profit driver was an increase in net interest income and net commission income, said the press release.
Interest income reached Rub 10.5 bln (up 27% y-o-y), and net interest income before provisions totaled Rub 3.5 bln (Rub 1.3 bln in the same period of 2015).
Net non-interest income came to Rub 3.34 bln, with most of non-interest income falling to net commission income (Rub 1.23 bln) and profit from operations with financial assets and obligations that are reflected at the fair value (Rub 1.52 bln), specified the bank.
As of September 30, 2016 the bank's assets reached Rub 132.2 bln, including the credit portfolio (net of impairment provisions) amounted to Rub 22.4 bln, and the securities portfolio came to Rub 78 bln.
In January-September 2016, the bank's liabilities totaled Rub 116.7 bln, including Rub 88.5 bln of client funds, and Rub 67 bln was drawn from households.
The bank's capital has jumped 5.3% YTD to Rub 15.5 bln, while the capital adequacy ratio (under the Basel I standards) has grown from 11.08% at year-start to 15.19%.