RAS net profit of Credit Bank of Moscow (OJSC) for H1 2014 grew by 67% to RUB 5.555 billion from RUB 3.333 billion for the same period last year, the bank reported.
Pre-tax profit increased by 65% to RUB 6.319 billion from RUB 3.82 billion.
Credit Bank of Moscow (OJSC) (tax number: 7734202860) established 1992 is beneficially owned by its president Roman Avdeev, the founder of Rossium concern. Today, CBM is a universal financial institution providing the whole range of banking services.
IFRS net profit of Credit Bank of Moscow for Q1 2014 grew by 10.2% to RUB 1.922 billion ($53.9 million).
RAS net profit of CBM for 2013 grew by 18.5% to RUB 6.118 billion from RUB 5.567 billion in 2012. The bank's assets as of January 1, 2014 totaled RUB 447.4 billion increasing by 44.3% year-on-year.
RAS net profit of Credit Bank of Moscow for Q1 2014 increased more than twice to RUB 3.411 billion. The bank's assets as of April 1, 2014 amounted to RUB 454.2 billion.