September 10, 2014. SKB-Bank carried its semiannual consolidated financial report for the first half of 2014 that was drawn up in accordance with the IAS. Based on the report data, the bank’s assets amounted to more than 108bn RUR as of June 30, 2014, the bank’s press service announces.

SKB-Bank’s interest earnings exceeded 10.7bn RUR, while its interest costs came to 4.1bn RUR. Thus the bank’s net interest income stood at over 6.6bn RUR.

‘We consider the amount of profit to be the most significant performance indicator in the IAS-based report for the first half of 2014. Not only is our bank enjoying a positive balance, but it is also improving on the previous year’s figures,’ SKB-Bank’s Chief Accountant Oleg Morozov underscores.

For one, the bank’s pre-tax profit reached more than 253m RUR in the six months of 2014 against 250m RUR in the six months of 2013.

‘IAS-based banker’s books are highly transparent and very clear documents. An IAS-based financial report is one of the most reliable proofs of a particular bank’s activity,’ says SKB-Bank Chairman of the Supervisory Board Ilya Zibarev.