Absolut Bank's net profit for 9 months of 2020 was RUB 743 million. The banking group's profit for the reporting period exceeded RUB 2 billion. Improvements were achieved in all strategic business segments, the bank informed.
As a result of the bank's active cooperation with the partners connected to the bank's digital platform the mortgage portfolio increased to RUB 104.4 billion, which enabled Absolut Bank to maintain a strong position among the leading mortgage banks.
For the 9-month period in 2020, the retail deposit portfolio increased from RUB 116.7 billion to RUB 123.6 billion.
Absolut Bank (PAO) (tax number: 7736046991) is a universal bank operating in the Russian financial market since 1993. The bank's principal shareholder is PJSC United Credit Systems operating as part of NPF Blagosostoyanie.
