Credit Bank of Moscow increases pretax profit 70% in 2011
MOSCOW. Feb 3 (Interfax) - Credit Bank of Moscow increased its pretax profit 70% to 2.128 billion rubles in 2011, the bank said in a press release.
The bank's total assets increased by 41% in 2011 and reached 230 billion rubles by January 1, 2012.
Credit Bank of Moscow's loan portfolio prior to subtraction of loan provisions for 2011 increased by 58% to 165.7 billion rubles. The corporate loan portfolio increased by 57% to 135.9 billion rubles while the consumer loan portfolio went up by 63% to 29.8 billion rubles.
The bank's total obligations went up by 40% to 212.5 billion rubles.
Total corporate funds at the bank increased by 60% to 55.7 billion rubles while corporate term deposits grew 103% to 37.7 billion rubles.
Total individual funds increased by 68% to 84.2 billion rubles.
Credit Bank of Moscow increases total bond issues by 86% while debt on bonds came to 20.4 billion rubles at the end of 2011.
The bank's territorial network includes 60 additional offices and 13 operational outlets in Moscow and its surrounding region. Total points of presence increased by 10 in 2011. Credit Bank of Moscow's total bank machines increased from 402 in 2010 to 604 units at the end of 2011. The bank's network of pay terminals increased by over 100% from 1,737 to 4,014 units.
The bank's total collection points increased by 1,685 to 6,483 in 2011. In addition, 26 new collection routes were introduced bring their total to 122.
Credit Bank of Moscow was 21st biggest bank by assets in Russia at the end of 2011, 17th biggest for total individual deposits and 28th for total consumer lending, according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.
