Otkritie Financial Corporation’s IFRS semiannual net profit totals Rub 6.2 bln

In the first half of 2014 Otkritie Financial Corporation’s IFRS net profit rose 1.6% y-o-y to Rub 6.2 bln, the lending institution said in a press release. The bank specified that numbers achieved by Bank Otkritie, Bank of Khanty-Mansiysk and Novosibirsk Municipal Bank were consolidated in its financial statement.

During the first half of the year the banking group’s total operating income jumped 66.9% y-o-y to a record Rub 36.7 bln.

Since the beginning of the year the group’s aggregate assets have increased 1.3% to Rub 1.39 tln as of June 30. The credit portfolio came to Rub 916 bln (up 4.2% vs. the data as of December 31, 2013).