Vozrozhdenie Bank earned RUB 640 million of net profit under IFRS in 3M 2018
(World News Russia)

Moscow, May 30, 2018: Vozrozhdenie Bank reported on its financial results for 3M 2018 under IFRS. Moscow, May 30, 2018: Vozrozhdenie Bank reported on its financial results for 3M 2018 under IFRS. Operating profit before provisions in Q1 2018 was Rub 4.3 billion; Net profit in Q1 2018 amounted to Rub 640 million adding 19% YoY; Assets were at Rub 231 billion; ROE for Q1 was 9.9% increasing by 1.3 pps QoQ and 1 pp YoY; Gross loan portfolio reached Rub 178 billion `The growth of operating profit in Q1 was achieved against adverse publicity. In this period we fully recovered the independence of operating, technological and business processes. We have recovered our traditional business model and...