Bank of Moscow Balance of the Work for 9 Months of 2007
OREANDA-NEWS. Balance profit of Bank of Moscow for 9 months of 2007 came to 6,5 bln. rubles, whereas net profit amounted to 4,7 bln. rubles having increased correspondingly by 23% and 11% as compared to the similar figures of 2006.
Assets of Bank of Moscow (according to the published reporting form) increased by 29% from the beginning of the year and amounted to 466,1 bln. rubles on 01.10.2007.
Own capital of Bank of Moscow (calculated according to the RF SB method) increased by 43% within 9 months of 2007 and amounted 54,9 bln. rubles on 01.10.2007. The main increase resulted from the 11 th capital stock issues in the second quarter of 2007 totaling 7,0 bln. rubles and placement of subsidized bonds in the amount of 400 bln. USD.
Quantity of corporate clients increased by 9% within 9 months and came to 100,9 thousand. Quantity of clients – physical persons increased by 10% and amounted to 7.8 bln.
Total amount of the Bank clients’ borrowed funds (including funds of banks and released debt obligations) increased by 28% within 9 months and amounted to 423,0 bln. rubles as of 01.10.2007. Among them the amount of borrowed funds of physical persons with funds on plastic cards taken into consideration came to 110.7 bln. rubles having increased by 31% from the beginning of the year.
Total quantity of plastic cards issued by Bank of Moscow on 01.10.2007 came to 8.1 bln including 5.2 bln. that fell on "Social cards of muscovite". Quantity of cash machines increased by 19% within 9 months and came to 1564.
Credit portfolio of the Bank (on corporate clients and physical persons) amounted to 324,4 bln.rubles on 01.10.2007 having increased by 36% within 9 months. Amount of credits to physical persons increased by 76% and came to 58,5 bln. rubles.
Bank of Moscow provides services to clients through the network from 111 separate divisions (divisions, mini-divisions, operating cash desks and exchange offices) operating in all administrative divisions of Moscow and some cities of Moscow region. Besides, services are provided to people in 471 post and bank offices of Moscow and Moscow region.
Bank of Moscow is represented almost in all economically important regions of Russia. Total quantity of separate divisions of the Bank in regions came to 211 on 01.10.2007.
The Bank constantly opens new divisions to provide client services with the purpose to increase quality of servicing. On 01.10.2007 Moscow and regions had the following: 75 credit offices, mote then 750 agent service points in trade networks and 166 automatic zones of self-service.
The Bank reliability is confirmed by the largest international rating agencies. Moody's Investors Service Agency: long-term credit rating of Bank of Moscow - "Baа2", Euro bond rating – "A3". Rating forecast is "stable". Fitch Ratings Agency: long-term credit rating of Bank of Moscow - "BBB", Euro bond rating of the Bank – "BBB". Rating forecast is "stable".
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