IFRS net profit of Gazprombank for 9 months of 2020 decreased twice to RUB 30 billion from RUB 63.1 billion a year earlier, the bank informed.
Net fee & commission income was RUB 28.1 billion against RUB 21.7 billion for 9 months of 2019. The group's net interest income for 9 months of 2020 was RUB 123.5 billion increasing by 18% from RUB 104.7 billion in January-September 2019, while interest income increased by 0.4% to RUB 306.8 billion, interest expenses were reduced by 8.8% to RUB 183.3 billion. Net interest margin for 9 months of 2020 stayed flat year-on-year (2.7%).
The bank's assets amounted to RUB 7.567 trillion against RUB 6.582 trillion as of December 31, 2019.
Gazprombank (JSC) (GPB, tax number: 7744001497) established in 1990 is among the three largest banks of Russia in terms of financial performance. The bank serves the key industries of the Russian economy (gas, oil, nuclear power, chemistry and petrochemistry, black and non-ferrous metallurgy, electric power, mechanical engineering and metalworking, transport, construction, telecommunications, agriculture, retail.
