Credit Bank of Moscow’s IFRS net profit grows 31.5% in 2018

MOSCOW, Mar 7 (PRIME) -- The net profit of Russia’s Credit Bank of Moscow rose 31.5% to 27.224 billion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the bank said in a report on Thursday.

The net interest income went up 6.9% to 48.42 billion rubles. The operating income grew 25.1% to 54.5 billion rubles, while operating expenses gained 25.1% to 54.5 billion rubles.

The bank’s assets went up to 2.15 trillion rubles as of December 31 from 1.89 trillion rubles as of the end of 2017, while liabilities grew to 1.95 trillion rubles from 1.71 trillion rubles.

For further details, please, see the company’s statement on its official website:

https://mkb.ru/en/investor/report/ifrs

(65.8430 rubles – U.S. $1)

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