Nomos-Bank increases net profit 19% to 3.8 bln rubles in Q1 - consensus forecast
MOSCOW. May 28 (Interfax) - Nomos-Bank increased its net profit according to international financial reporting standards (IFRS) by 19.3% to 3.8 billion rubles, forecast 10 analysts at investment companies and banks surveyed by Interfax.
Net interest revenue, according to the consensus forecast, increased by 26.3% to 7.8 billion rubles, the analysts forecast.
The bank earmarked 1.17 billion rubles for provisions in the first quarter, down 15.8% year-on-year, analysts said
Nomos-Bank's assets increased by 2% to 675 billion rubles.
The bank's total loan portfolio prior to subtraction of provisions went up by 2.6% to 468.3 billion rubles.
Nomos-bank will publish its IFRS results for the first quarter on May 29.
Nomos-Bank's forecast IFRS results for Q1 2012 (in blns of rubles):
| Investment Bank | Net profit | Net interest revenue | Assets | Loan portfolio | Provisions |
| Citi | 3.926 | 7.952 | 662.144 | 478.206 | 0.961 |
| Deutsche Bank | 3.818 | 7.851 | 666.7 | 486.6 | 1.104 |
| BofA Merrill Lynch | 3.776 | 7.649 | 669.756 | 478.846 | 1.302 |
| Alfa-Bank | 3.591 | 7,98 | 680.713 | 486.81 | 1.313 |
| VTB Capital | 3.758 | 7.816 | 667.315 | 472.97 | 1.185 |
| Otkritie Capital | 3.781 | 7.693 | 680.041 | 487.84 | 1.34 |
| Renaissance Capital | 3.234 | 7.901 | 668.765 | 471.311 | 1.12 |
| TCB Capital | 3.830 | 7.758 | 672.076 | 484.677 | 1.186 |
| Troika Dialog | 4.274 | 7.97 | 673.779 | 472.581 | 1.117 |
| Uralsib Capital | 4.181 | 7.694 | 711.308 | 487.018 | 1.075 |
| Consensus | 3.817 | 7.826 | 675.260 | 480.686 | 1.170 |
| Results for 2011 | 3.2 | 6.2 | 662.1 | 468.3 | 1.390 |
| Change | 19.28% | 26.23% | 1.99% | 2.64% | -15.80% |
* stats on provision transfers are compared with Q4 2011
Nomos-Bank was 13th biggest bank in Russia by assets at the end of 2011 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.