Nomos Bank more than doubles H1 RAS net profits
MOSCOW. July 9 (Interfax) - Nomos Bank increased first-half net profits to Russian Accounting Standards (RAS) 110% to 1.337 billion rubles from 622 million rubles in the same six months last year, the bank said.
The bank made 452 million rubles in net profits in Q1, 885 million in Q2, according to its issued statement.
Nomos Bank's credit portfolio stood at 174.7 billion rubles on July 1, up 2.9% from June. Past-due loans dropped 8.6% to 14.6 billion rubles, or 8.4% of the overall portfolio. Provisions came to 23.6 billion at the beginning of H2 (13.5% of portfolio).
Net profits contracted 64% to 1.461 billion rubles in 2009.
Nomos Bank ended Q1 2010 in 15th place by assets on the Interfax-100 ranking of Russia's biggest banks.