OREANDA-NEWS. CREDIT BANK OF MOSCOW has reported its operating results for 9m2014 in accordance with Russian Accounting Standards (RAS).

The Bank's net income increased by 47% yoy and amounted to RUB 5.8 bln. This was due to growing earnings from the Bank's core activities. Net interest income rose by 53%, and net fee and commission income by 28%, reaching RUB 17.1 billion and RUB 4.6 billion, respectively.

The Bank's loan portfolio before provisions for impairment expanded by 15% ytd and stood at RUB 376.1 bln, of which RUB 255.3 bln are attributable to corporate loans and RUB 120.8 bln to retail loans.

The Bank's total assets grew by 7% for the 9 months of this year and reached RUB 478.9 bln as of October 1, 2014, of which 80% are loans to customers, and 12% investments in securities. CREDIT BANK OF MOSCOW holds the 14th position by total assets in the ranking "INTERFAX-100. Banks of Russia. Key performance indicators for 3Q 2014."

The Banks' capital adequacy ratios as of October 1, 2014 remained at a comfortable level as follows: N1.1 - 8.14%, N1.2 - 8.14%, N1.0 - 12.28%, and the Bank's equity stood at RUB 64.8 bln.

The Bank's branch network in Moscow and the Moscow region consists of 59 offices and 33 stand-alone cash desks. CREDIT BANK OF MOSCOW's network of automated banking facilities includes 814 ATM's and more than 5,700 payment terminals.