Gazprombank’s net profit drops by over 4 times in Q1’13

May 16, 2013. The net profit of Gazprombank (calculated in accordance with the Russian Accounting Standards) dropped by over 4 times in the first quarter of 2013 and amounted to 4.991bn RUR against 20.485bn RUR a year earlier, the bank’s report states.

Gazprombank’s assets reached 3.199 trillion RUR on April 1, 2013, which was 36% more than in the first quarter of 2012. The bank’s own capital rose by 2.6% since the beginning of this year and came to 357.45bn RUR.

The private individuals’ deposits rose by 23.4% compared with Q1’12 and reached 312.35bn RUR. The non-finance organizations’ capitals increased by 41%, up to 2.312 trillion RUR against 1.644 trillion RUR a year earlier.

The capital adequacy level dropped nearly to 11.2% on April 1 (down from 12% on January 1), while the minimum capital adequacy requirements come to 10%, Banki.ru says.


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