OREANDA-NEWS. Net profit of AHML group grew by 40% as of the end of the first half-year of 2013 as compared to the same period last year totalling RUB 4.18 billion.

Such growth in profits resulted mainly from the 17% growth in interest income from mortgage certificates, two-fold growth under the loans originated, three-fold growth from investment securities and the restored provision for impairment of mortgage certificates and stabilization loans.

The level of overdue debt under mortgage certificates (ratio of the overdue debt amount to the total debt under mortgage certificates) as of 30 June 2013 was 5.9% (in June 2012 – 7.8%).

The assets of AHML group grew, as of the end of the first half of 2013, by 19% and amounted to RUB 317,946 million. The key factors that contributed to such growth of assets were: expansion of the group’s portfolio or mortgage certificates and large amount of loans originated under Stimulus programme and bridge financing under programmes for purchasing mortgage-covered bonds financed out of the funds provided by Vnesheconombank and by placement of government-guaranteed corporate bonds.