«Asian-Pacific Bank» (Open joint-stock company) has summed up its HY 2013 performance under the Russian accounting standards (RAS).
According to preliminary financial results under RAS the Bank’s assets increased by 24.5% ytd and reached RUB 109,785.9 mln.
The Bank’s net income (after tax deductions) reached RUB 1,183.6 mln according to 102 reporting form, which is higher than the net income for the first half of 2012 by RUB 12.7 mln.
Return on equity reached 20.9% as for the six months of 2013, return on assets is 2.4% and cost-to-income ratio is 36.7%.
Due to the growth of the loan portfolio net interest income grew by 32.1% yoy to RUB 3,796.1 mln. Net fee and commission income of Asian-Pacific Bank grew 22.1% yoy and reached RUB 1,415.0 mln.
Impairment losses as for 6 months of 2013 amounted for RUB 2,267.0 mln compared to RUB 853.1 mln as for six months of 2012.
Loan portfolio before impairment provisions increased by 20.4% ytd and amounted for RUB 72,765.9 mln.
The amount of deposits by individuals increased by 11.7% ytd to RUB 47,148.3  mln while the amount of deposits by corporate clients (which are not credit institutions) reached RUB 31,485.8 mln, exceeding the previous year results by 33.8%.
The Bank’s equity amounted for RUB 11,969.4 mln as for the reporting date (12.4% growth ytd). RAS capital adequacy ratio (N1) is 11.8%.