OREANDA-NEWS. According to the monthly balance sheet under the Russian accounting standards (RAS), the net profit of Rosbank increased by more than 1.6 times for 10 months in 2014 compared to the same period last year and amounted to RUB 8.2 bln.

The main profit growth was achieved through the recovery of reserves for loans, which was due to a decrease in the level of non-performing loans to corporate clients from 9% to 8%.

There was an increase in stable passive base through growth of retail customer deposits by 5% and the successful bonds placement, growth was more than 37% compared to November 1, 2013.

The balance sheet value of assets increased by almost 15% compared to the same period last year and amounted to RUB 818 bln.