OREANDA-NEWS. According to the monthly balance sheet under the Russian accounting standards (RAS) the net profit of Rosbank amounted to RUB 9.7 bln, increased by 1,5 times in 2014 compared to the results of the previous year (excluding events after the balance sheet date).

The profit growth was mainly achieved due to the accrued interest income growth, restructuring of troubled assets and positive revaluation of derivative financial instruments, as well as changes in the profits tax accounting.

The balance sheet value of assets increased by 33% compared to 2013, mainly due to the revaluation of foreign currency assets and changes in fair price of derivative financial instruments, and amounted to RUB 996 bln (RUB 747 bln - 31.12.2013).

Dynamics of the main figures in 2014 balance sheet compared to 2013:

Rosbank capital under Basel III standards was RUB 114,3 bln, increased by 28% compared to the previous year. Capital growth was mainly achieved through the positive financial results in 2014 under Russian accounting standards (excluding events after the balance sheet date) and the increase in the subordinated loans value, included in the sources of capital, in consequence of bringing the basic conditions of the subordinated loans contracts to the new CBR requirements to these instruments based on the Basel III recommendations;

Loan portfolio grew by 7% compared to December 2013 and amounted to RUB 486 bln;

The retail loan portfolio volume amounted to RUB 242 bln, increased by 3% compared to December 2013;

The corporate loan portfolio volume amounted to RUB 244 bln, increased by 11% compared to December 2013, mainly due to the revaluation of foreign currency loans. The level of overdue loans in the corporate portfolio decreased by 13%;

The volume of customer accounts reached RUB 449 bln, increased by 25% compared to the previous year (RUB 358 bln - 31.12.2013):

the volume of retail customers funds increased by 5%, amounting to RUB 164 bln;

the volume of corporate clients funds increased by 41%, amounting to RUB 285 bln, mainly due to the significant growth of the deposit portfolio.

Capital adequacy ratios under preliminary calculations as of January 1, 2015 were:

N1.1 - 7,6% (minimum adequacy level, required by the Central Bank of Russia at 5.0%)

N1.2 - 7,6% (minimum adequacy level, required by the Central Bank of Russia at 5.5%)

N1.0 - 13,45% (minimum adequacy level, required by the Central Bank of Russia at 10.0%, considering Deposit Insurance Regulation).

"We are pleased with the bank's performance in 2014: we achieved good results in key-business segments, despite the challenging situation in the Russian economy and the banking sector. According to the Bank's development strategy the main targets in 2015 are the controlled growth in our priority areas of business and risk control. In the retail segment, we aim to further development of transactional banking and to strengthen synergies with subsidiary banks DeltaCredit and Rusfinance regarding mortgage and car lending, as well as to strengthen the individual segments and increase the customer base. In the corporate business we will focus on service packages to our top corporate clients", commented Rosbank's CEO Dmitry Olyunin.