News

19.10.2015

Dmitry Olyunin: Rosbank net profit in Q3 2015 totaled RUB 2 bln according to RAS

Rosbank demonstrated positive financial result in Q3 2015 despite the continuing challenging environment in the banking sector. Rosbank closed Q3 2015 with a net profit of RUB 2 bln according to the Russian Accounting Standards (RAS) comparing to RUB 978 mln in Q2 2015. In Q3 2015, Rosbank’s net interest income was increased by 20% due to loan portfolio growth and decrease of funding cost following CBR key rate changes.

Within development of corporate business in Q3 2015 Rosbank together with Societe Generale participated in the number of deals on syndicated loans arrangement, including the one for EuroChem Group AG in the amount of USD 750 mln. According to
Q3 2015 results Rosbank entered the TOP-5 lead managers of the market placements of corporate and municipal issuers as well as the TOP-5 underwriters in the Russian bond market, according to CBonds ranking.

 

Rosbank has successfully completed the transfer of its mortgage business and car loan business at dealers throughout Russia to its specialized subsidiaries DeltaCredit and Rusfinance, respectively. The positive effect of the increasing specialization strengthened Rosbank group positions on the market. Further to H1 2015 results, Rosbank together with DeltaCredit are in the TOP-3 Russian banks by the number of issued mortgages (Expert RA rating), while together with Rusfinance bank Rosbank took the 2nd place among Russian banks in terms of car lending portfolio volume (Frank Research Group rating, as of August 1, 2015).

In 2015 Rosbank continued implementing its strategic model of the universal bank. In H1 2015 there have been launched a number of new products and services, including individual payroll offer, renewed banking services’ packages, ‘ROSBANK Online’ mobile application, risk-based pricing loans and others.

The important fact for the customers was the fact that in July 2015 Rosbank was included by the Bank of Russia in the list of Russia’s 10 systemically important credit institutions, which is a confirmation of its high level of financial reliability and soundness. Rosbank financial statements fully correspond to normative standards, maintained by the regulator.

 

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