Bank of Moscow Announces Results for 8M 2010
OREANDA-NEWS. September 30, 2010. The Bank of Moscow summed up the financial results of its work in the first 8 months of 2010. In M8, 2010 the Bank’s balance sheet profit grew up to RUR10.2 bln, with the Bank’s net profit at RUR7.5 bln. The profit made over the 8 months of 2010 therefore exceeds the profit made over the entire year 2009 by 4.4.
Since January 1, 2010 the Bank’s assets according to RAS have demonstrated a 10% increase amounting RUR864.3 bln, and the capital of the Bank of Moscow has risen by 27% up to RUR142.8 bln.
The volume of funds drawn from clients (including loans extended by financial institutions and bonds) has increased by 7% to RUR741.6 bln. The private customers’ deposits have grown to RUR175.6 bln.
The loan portfolio of the Bank of Moscow for individuals and legal entities as of September 1, 2010 achieved RUR624.5 bln (a 13% increase within 8 months).
Currently, the Bank of Moscow renders services in 392 points-of-sale in Moscow and Russian regions. In the capital and in the Moscow Region 136 offices worked and 256 offices worked in regions as of September 1, 2010. In addition, services to the public in Moscow and the Moscow Region are provided through a network of post offices (474 post offices).
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