17 May 2010 17:47
Vozrozhdenie Bank could have halved Q1 IFRS earnings
MOSCOW. May 17 (Interfax) - Russia's Vozrozhdenie Bank could have halved net profit to International Financial Reporting Standards (IFRS) to 185.2 million rubles in Q1 2010 from 386 million rubles in Q1 2009, analysts told Interfax in a consensus forecast.
Consensus forecast (mln rubles):
| Analysts | Net profit | Net interest income | Operating income | Assets | Loan portfolio | Loan provisions* |
| JP Morgan | 107 | 1454 | 2346 | 150847 | 94664 | 633 |
| Citi | 160 | 1471 | 2456 | 148515 | 95283 | 639 |
| UBS | 222 | 1490 | 2358 | 148064 | 95446 | 554 |
| KIT Finance | 254 | 1727 | 2711 | 148515 | 95590 | 694 |
| Metropol | 182 | 1610 | - | 147933 | 98254 | 846 |
| Renaissance Capital | 126 | - | 2560 | - | - | 700 |
| Troika Dialog | 116 | 1417 | - | 147599 | 95285 | 641 |
| VTB Capital | 419 | 1834 | 2777 | - | 95290 | 568 |
| UniCredit Securities | 92 | 1419 | 2257 | 148339 | 95443 | 594 |
| Alfa Bank | 144 | 1444 | 2359 | 148319 | 95141 | 549 |
| Uralsib | 150 | 1631 | 2607 | - | - | 896 |
| Sovlink | 250 | 1631 | 2560 | 148848 | 95151 | 590 |
| Consensus | 185 | 1557 | 2499 | 148553 | 95555 | 659 |
| Q1 2009 results | 386 | 2335 | 3617 | 137906 | 99421 | 587 |
| % change | -52% | -33.3% | -30.9% | +7.72% | -3.9% | +12.26% |
* Provisions for loan impairment in Q1 2010 are compared with provisions for Q4 2009
Vozrozhdenie reduced net profit to IFRS 61.2% in 2009 to 1.217 billion rubles.
It is due to unveil the Q1 2010 results on May 18.
The bank was Russia's 21st largest by assets, according to the Interfax-100 ranking at the end of Q1 2010.