CEO: Otkritie Group expects 2019 IFRS net profit at 48.1 bln rbl

MOSCOW, Jan 29 (PRIME) – The net profit of Russia’s Otkritie Group, comprising Otkritie Financial Corporation (FC) Bank and other financial institutions, will amount to 48.1 billion rubles in 2019 as calculated under International Financial Reporting Standards (IFRS), CEO Mikhail Zadornov said in a presentation released on Wednesday.

The bank’s net profit should amount to 38.3 billion rubles in 2019. The group plans to publish the financial report for the year calculated under IFRS in March, and the figures should not differ significantly from the forecasted amount, Zadornov said in the presentation.

“The Russian profit of the bank amounted to 44 billion rubles, assets of the bank stood at 2.3 billion rubles as of the end of the year,” he said, disclosing the results calculated under Russian Accounting Standards (RAS).

(62.8299 rubles – U.S. $1)

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