icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Rosselkhozbank posts FY 2010 net profit of 369 million roubles

Rosselkhozbank posts FY 2010 net profit of 369 million roubles
Russian agricultural bank, Rosselkhozbank, has posted a FY 2010 net profit of 369million roubles under IFRS.

The bottom line was up 47% year on year, with net interest income also jumping 147% year on year to reach 51.6 billion roubles, with assets growing to 930.8 billion roubles from 830.7 billion roubles a year earlier.However, the bank noted an increased share of overdue payments and loans that reached 14.6% of all loans and client advances, or 108.76 billion roubles, up from 4%, or 18.9 billion roubles, a year before, which it attributed to the summer 2010 Russian drought.It also noted that non-performing loans overdue more than 90 days were up to 7.58% of the bank's portfolio at the end of 2010, compared to 4.29% in 2009, as the gross loan portfolio increased 18% 688.5 billion roubles.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts