The balance sheet profit made by the Bank of Moscow as of 01.08.2010 was 8.5 billion rubles, while the net profit was 6.2 billion rubles. The profit made over the 7 months of 2010 therefore exceeds the profit made over the entire year 2009 by a factor of 3.6.
The assets of the Bank of Moscow (according to the published financial reports) were 875 billion rubles, as of 01.08.2010, having increased by 11% as of the beginning of the year.
The equity capital of the Bank of Moscow (calculated using the method employed by the Central Bank of Russia) had increased by 25% over the period between 01.01.2010 and 01.08.2010 reaching 140.7 billion rubles as of 01.08.2010. The bulk of the increase is to be attributed to the 14th stock issue in the amount of 21.7 billion rubles which was completed in July 2010.
The total amount of raised funds of the Bank’s clients (including other banks’ funds and issued debt securities) was 754.4 billion rubles as of 01.08.2010, which was an increase of 8% since the beginning of the year. This amount includes the raised individuals’ deposits in the amount of 1 74.4 billion rubles.
The Bank’s credit portfolio (on corporate and individual clients) had increased by 14% over the period between 01.01.2010 and 01.08.2010 and was 629. 1 billion rubles as of 01.08.2010.
The Bank of Moscow offers services to its clients via a network of 134 additional offices in Moscow and in a number of cities of the Moscow region. You are moreover welcome to benefit from our services at one of the 474 postal and bank offices in Moscow. As of 01.08.2010 there were 259 offices of the Bank operating in various regions of Russia.
Source: Bank of MoscowDate: 01.09.2010
| | Citi gets approval to issue credit cards in China - 06.02.2012
The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive permission.
Source: Reuters |
| |  Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012
U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case.
Source: Reuters |
| | Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011
Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.
Source: Reuters |
| | Credit union business grows as consumers sour on banks - 07.11.2011
The big banks may have dropped the debit card fees, but the credit unions are the ones picking up the business.
Source: Reuters |
| | Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011
Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy.
Source: BBC News |
| | Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011
Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market, lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry.
Source: Fleming Gulf |
| | JBIC inks $43bn credit line pact with Japan banks - 05.10.2011
The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas.
Source: Nikkei |
