IFRS net profit of Alfa-Bank Group for 2020 increased to $1.347 billion

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AK&M 20 February 2021 13:41

IFRS net profit of Alfa-Bank Group for 2020 increased to $1.347 billion. Total aggregate income was $903 million, adjusted for translation differences recognized as part of miscellaneous aggregate income caused by the weakening of the Russian ruble, the group informed.

In 2020, the bank's net interest income increased to $2.269 billion (+0.8% in US dollar terms, +12.4% in ruble terms).The bank's net interest margin (NIM) decreased to 4.2% amid declining interest rates.

AO Alfa-Bank (tax number: 7728168971) established in 1990 is a universal bank performing most of the basic banking operations in the market of financial services.

Alfa-Bank Group comprises ABH Financial, Alfa-Bank and subsidiaries.