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.
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.