PromSvyazCapital announces IFRS results for 1H 2016

PromSvyazCapital (hereafter “PSC” or “the Group”) publishes its IFRS interim condensed consolidated financial results for the first half 2016 and an audit report prepared by PriceWaterhouseCoopers. Download report.

PSC reported net profit of RUB 6.4 bn for the first half. The Group’s equity capital increased to RUB 87.1 bn, while its profitability in 1H2016 amounted to 10.3% per annum.

The total assets of PSC contracted less than by 5% for the six months and amounted to RUB 1,433 bn as of July 1, 2016. Taking into account, that the Group’s major operating activities are recognized as operating assets on the balance sheets of Promsvyazbank and of Vozrozhdenie Bank, you can find a more detailed information by visiting the websites of Promsvyazbank and Vozrozhdenie Bank.

PromSvyazCapital Group is a holding company which owns and manages assets in the financial sector. The group includes two Russian banks: Promsvyazbank and Vozrozhdenie Bank. The key asset of the Group is Promsvyazbank that is a system-relevant and a top-10 bank in Russia by assets. PromSvyazCapital Group was rated “B2” international credit rating by Moody's Investors Service and "A++" rating by RAEX.

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RAEX Rating Agency (Expert RA) has kept unchanged its ‘А++’ credit rating on PromSvyazCapital’s Series 01 Bond (Registered No. 4-01-44790-H)
The bank earned Rub 2.1 billion of net profit for 2016 compared to a net loss of Rub 3.8 billion for 2015 due to positive dynamics of all components of the income, moderate provisioning and a decrease in operating expenses
Promsvyazbank (PSB) publishes Q4 2016 and 2016 consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), audited by PricewaterhouseCoopers
Promsvyazbank (hereafter “PSB” or “the Bank”) and PromSvyazCapital today announce that on November 25, 2016 PromSvyazCapital has successfully completed the placement of its BO-P01 series exchange bonds (the “Bonds”) on the Moscow Exchange for a total amount of RUB 10 bn under a registration number of 4В02-01-44790-Н-001Р from November 22, 2016.

According to the preliminary reporting (published form) under the Russian Accounting Standards (RAS), PSB net profit for 9M 2016 amounted to RUB 2.0 bn. Income from core banking operations (interest income and fee and commission income) increased by 21% to RUB 36.9 bn.


Promsvyazbank has appointed a new Board of Directors at the Extraordinary General Meeting of shareholders. Lindsay Forbes, representing the interests of the European Bank for Reconstruction and Development, was appointed to the Board.


Standard & Poor's Ratings Services (S&P), international rating agency, has confirmed PromSvyazBank (PSB) credit rating at «BB-» with negative outlook.

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