MOSCOW, January 29, 2014 /PRNewswire/ --
Bank TRUST reported a net profit of 2,131 bn rubles on 01.01.2014. The Bank's own funds (capital) at the beginning of the year amount to 21,501 bn rubles, and its capital adequacy ratio (H1) is 10.72%.
Bank TRUST President Nikolay Fetisov commented, "The Bank's excellent profit figures are due, specifically, to the high-quality development of our credit portfolio, effective work with a large base of loyal clients and expansion of our infrastructure. In 2014, we will continue to improve profitability, including by raising the Bank's capitalization through issuing securities and an additional share offering of 6 billion rubles."
The retail segment of the banking market will remain a key business area of Bank TRUST in 2014, with an emphasis on credit cards and consumer credit through corporate channels. Additionally, the Bank plans to improve remote services and expand its network of offices. In the current year, TRUST plans to open up to 100 branch offices in new cities with populations from 50,000 to 100,000.
Bank TRUST demonstrates excellent market positions in its priority business areas. According to data from RBC.Rating for September-October 2013, TRUST is one of the top five banks by total loans issued on credit cards, and is in 15th place by loans to private clients and 16th place by deposits from private clients.
In 2013, the leading Russian ratings agency Expert RA confirmed the Bank's high ratings of creditworthiness (level A) and risk management (level А.rm). The national ratings agency Rus-Rating has confirmed the Bank's credit rating at A- with a stable outlook.
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SOURCE National Bank TRUST