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Novikombank increased 6-month RAS net profit 3.9 times

RAS net profit of Novikombank (the base bank of Rostec State Corporation) for 6 months of 2019 amounted to RUB 5.5 billion increasing 3.9 times year-on-year, the bank informed.

For the 6-month period, Novikombank's assets increased to RUB 417.8 billion. The bank's loan portfolio amounted to RUB 312.7 billion at the end of H1 2019.

In the first half of the year, the bank's interest income increased by 57% to RUB 15.6 billion. Net interest income amounted to RUB 8.9 billion increasing by 77% year-on-year.

Novikombank's own funds increased to RUB 34.8 billion in January-June, return on equity was 33%.

JSCB Novikombank (Moscow city, registration no. 2546, tax number: 7706196340) established in 1993 lends to major corporate clients, provides settlement and cash services to legal entities. The bank's branches are located in Rostov-on-Don, Nizhny Novgorod, Togliatti and St. Petersburg, the bank also has 4 satellite offices and 2 operational offices. One of the bank's largest shareholders is Rostec State Corporation.

"AK&M", 13.08.2019 13:51


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