Quality | 2009.08.26
Vozrozhdenie Bank Reports H1 2009 IFRS Profit of 642 Million Rubles
MOSCOW--(BUSINESS WIRE)--Vozrozhdenie Bank (VZRZ) published its H1 2009 IFRS results with key items as follows: Net Income: RUB 642 million ($21 million) Cost to income ratio before provisions: 42.6% down from 2008 average of 52.7% Assets: RUB 137 billion ($4.4 billion), no significant change during the last quarter Operating profit before provisions up 17% versus H1 2008 Return on Equity (ROE): 8.3% “Credit quality management and maintaining current business volumes were in special focus
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