MDM Bank's consolidated IFRS financial statements as of the end of 2006

06.04.2007

MDM Bank published its consolidated IFRS financial statements for the year ended 31 December 2006, which were audited by KPMG. For the year ended 31 December 2006, MDM Bank reported net attributable profit after taxation in amount of RUR 3 320 million (2005: RUR 3 228 million).

Other highlights included:

• Net interest and net fee income increased by 51% to RUR 11 366 million, compared to RUR 7 532 million in 2005;
• During the year, total gross loan portfolio grew by 106% to RUR 171 374 million, compared to RUR 83 162 million at the end of 2005;
• Return on average equity for the 2006 stood at 13.0% compared with 14.7% ROAE for 2005;
• Total assets rose by 75% to RUR 243 122 million (YE 2005: RUR 138 793 million);
• Cost/Income ratio in 2006 increased slightly to 51.5% (2005: 50.2%).

Full text of the financial statements for 2006 can be found on this web site.

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MDM Bank Reports Solid Results in 2006 Adobe Acrobat document, 25 Kb

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