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Otkritie Bank Assets Grows Over Four Months
Otkritie Bank's profit for the first four months of 2020 amounted to 8,9 billion rubles. The growth of assets compared to last year amounted to 3%.
According to the press service of Otkritie Bank, these indicators are achievable due to a reduction in operating expenses.
The total loan portfolio increased by 3% and amounted to 1,45 trillion rubles. The growth was shown by the issuance of loans to individuals - from the beginning of the year this loan portfolio increased by 12%.
Reduction showed investments in securities. The reduction amounted to 10% or 78 billion rubles.
Over the four months of the year, both corporate and private customers of the bank increased their own savings by 21,3 billion rubles (+ 1,2%). The total amount of funds in customer savings accounts amounted to 1,76 trillion rubles.