The 9-month net profit of the Bank DOM.RF on Dec. 13, 2020 under IFRS amounted to 2.4 billion rubles, as a decrease of 3.4 billion rubles (-58.6%) compared to 9 months of 2019, it was informed by the Bank referring to the opinion of an independent auditor Ernst & Young LLC.
The reserves formation to cover credit losses and other operations for 9 months of 2020 reached 3.4 billion rubles compared to 1.0 billion rubles for 9 months of 2019. Net interest gained 11.3 billion rubles, an increase of 6.1 billion rubles or 117.8% compared to the first 9 months of 2019.
The portfolio of housing project financing amounted to 685.9 billion rubles, an increase of 314.3 billion rubles or 84.6 since the beginning of the year. The capital adequacy as of September 30, 2020 was 22.2% compared to 24.9% as of December 31, 2019.
Bank DOM.RF (former Russian Capital Bank till December 13, 2018) provides financing of housing projects through escrow accounts in all regions of Russia. The sole shareholder of the Bank DOM.RF is JSC DOM. RF.
