CREDIT BANK OF MOSCOW announces its IFRS results for 6M2018
(World News Russia)

CREDIT BANK OF MOSCOW announces its IFRS results for 6M2018 20.08.2018 Key results Net income increased by 10.0% yoy to RUB 11.0 bln ($175.3 mln ). Return on equity and return on assets were 16.5% and 1.2%, respectively. Net interest income increased by 15.1% yoy to RUB 23.8 bln ($379.7 mln). Net interest margin was 2.7%. Net interest income as percentage of average RWA grew to 4.5% compared to 4.3% for 6M2017. Assets increased by 2.3% ytd to RUB 1.9 tln ($30.8 bln). Gross loan portfolio decreased by 12.9% ytd to RUB 712.9 bln ($11.4 bln), having grown, however, by 2.7% in 2Q. Ratio of NPLs (90+ days) to gross loan portfolio decreased by 0.8 pp ytd to 1.6%. Cost of risk (COR) decreased from...