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Otkritie Bank earned 74,5 billion rubles of net profit

Otkritie Bank earned 74,5 billion rubles of net profit
Photo: pixabay.com

In the first 10 months of 2021, Otkritie Bank earned 74,5 billion rubles in accordance with Russian accounting standards (RAS) against 43,8 billion rubles in the same period last year. The bank's assets increased by 2,9% or 85 billion rubles in October alone.

As EastRussia was told in the press service of Otkritie Bank, the loan portfolio before deduction of reserves in October grew by 32 billion rubles (1,6%) as a result of an increase in the portfolio of legal entities by 21 billion rubles (1,5%) and the portfolio of individuals persons for 11 billion rubles (2%).

At the same time, customer funds decreased by 19 billion rubles, or 0,9%, due to the planned decrease in liabilities of legal entities. Funds from individuals increased by 27 billion rubles (2,7%). Net profit of Otkritie Bank in October amounted to 2,9 billion rubles.

For 10 months of 2021, the bank's assets grew by 14,6% or by 377 billion rubles. The total amount of assets amounted to 2,97 trillion rubles.

The growth of the loan portfolio since the beginning of the year amounted to 337 billion rubles (20,0%) to 2 billion rubles as of November 021, 1.

The corporate loan portfolio grew by 252 billion rubles (21,2%) to 1 billion rubles. The volume of loans issued in 441 months of 10 to corporate clients and clients of the small and medium-sized business segment amounted to RUB 2021 billion, which is 1% higher than in the same period last year.

The retail loan portfolio increased by 85 billion rubles (17,2%), amounting to 580 billion rubles as of November 1, 2021. Since the beginning of 2021, the bank has issued RUB 258 billion in retail loans, which is 16% higher compared to the same period last year.

Customer funds for 10 months of 2021 increased by 172 billion rubles (9%) to 2 billion rubles, mainly due to an increase in funds of legal entities to 084 billion rubles (1%). Individual funds increased by 078% to RUB 14,6 billion as of November 3,6, 1.

The volume of regular banking income (net interest and net fee and commission income) for 10 months of 2021 amounted to 97,4 billion rubles, which is 42% higher than in the same period last year (68,5 billion rubles). The main factor behind the increase in the bank's income was the growth of the bank's working assets against the background of the positive impact of the high share of clients' current funds (including escrow accounts) on the value of liabilities during the period of growth in market rates. Net fee and commission income grew by 17% year-on-year due to the growth in the volume of transactional business, amounting to 22,8 billion rubles.

 

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