In applying the previous IFRS standard, the group's profit for the first half of 2018 would amount to 32.3 billion rubles against 37.7 billion rubles a year earlier, according to the company.
Net profit group for the first half of 2018 amounted to 215 million rubles compared to a loss in the amount of 10.8 billion rubles for 6 months of 2017.
The Group's equity, adjusted in the first quarter of 2018 as a result of the transition to the IFRS 9 standard, was increased in the second quarter of 2018 and amounted to approximately 118.5 billion rubles at the end of the reporting period. against 107.7 billion a quarter earlier.
The operating cash flow in the reporting period in 2018 increased by 55.6% to RUB2,943 million. The total income amounted to approximately 0.6 billion rubles, which is 44.4% less than in the same period of the previous year, is mentioned in the bank's release. At the beginning of July, the accumulated loan portfolio of private individuals. people in the region amounted to about 102.3 billion rubles. According to preliminary data from the company, a significant increase in net debt is due to the placement of a new issue of dollar bonds. With all this for the II quarter of 2018 assets the group increased by 3.9% (+111.3 billion rubles).
assets the bank for the six months decreased by 5.2% to 81.2 billion rubles. as a rule, by reducing the volume of the investment portfolio. Share of Net fee and commission income in the structure of the operating result rose from 23.5% a year earlier to 37.2%.
During the reporting period, the group continued to ensure the growth of operating profitability.
The net commission income for the 6 months of 2018 was increased by 5.4% to 9.9 billion rubles. compared with 9.4 billion rubles. for 6 months 2017 The ratio of expenses to net operating result before the formation of reserves (costs / benefits) was 47.9% compared to 48.2% at the end of the first half of 2017. This was made possible by the successful placement by the group by mid-spring of 2018 of unlimited subordinated bonds on the domestic market for an amount of 15 billion rubles. This was made possible by the successful placement by the Group in the middle of the spring of 2018 of unlimited subordinated bonds in the domestic market for an amount of 15 billion rubles.
JSC "Rosselkhozbank" is the basis of the government loan and financial system for the maintenance of the agro-industrial complex of the Russian Federation.
Loko-Bank received 0.6 billion rubles in net profit under IFRS in the six months