As of 01.04.2013, the capital of Nordea Bank Russia (NBR) amounted to RUB 33.62 bn (up 11% YoY). NBR’s equity grew 10% compared to Q1 2012, reaching RUB 27.29 bn.
As of 01.04.2013, NBR’s credit portfolio totaled RUB 193.10 bn. The year-on-year decrease thereof reflects a number of corporate loan repayments and prepayments. However, the retail portfolio showed a growth (to RUB 18.03 bn – up 17% YoY).
In Q1 2013, NBR’s net profit amounted to RUB 0.93 bn (a more than double increase from last year). The net profit increase is among others thanks to a reversal of the provisions previously created for a problem borrower (full repayment).
NBR’s key financials (IFRS, bn. RUB)
01.04.2012 |
01.04.2013 | |
Capital |
30,24 |
33,62 |
Equity |
24,72 |
27,29 |
Credit portfolio, including loans to banks |
203,24 |
193,10 |
Net profit |
0,40 |
0,93 |