DGAP-News

CREDIT BANK OF MOSCOW reports its 9m2015 IFRS financial results - Seite 2

growth was mainly driven by interbank loans granted under repo transactions
against securities of first class issuers. Accounts and deposits in banks
amounted RUB 148,431 mln. A substantial growth was demonstrated by the
Bank's securities portfolio: from RUB 60,976 mln as at 2014YE to RUB
103,692 mln as of 9M15. The portfolio is largely composed of securities
included in the CBR's Lombard List.

Gross loan portfolio expanded by 33.3% ytd to RUB 525,382 mln, while the
corporate book grew by 50.3% to RUB 399,772 mln and the retail book shrank
by insignificant 2.1% to RUB 125,611 mln as requirements to customers
became stricter and demand for retail loans generally weakened. The share
of corporate loans in the total loan portfolio grew from 67% as at 2014YE
to 76% as of 9M15. The share of non-performing loans (NPL 90+) matched the
level of 1H2015, i.e. 4.9%. Loan loss provisions grew to RUB 27,186 mln and
stood at 5.2% of the gross loan portfolio with the NPL coverage ratio of
106%.

Customer accounts and deposits increased by 85.5% ytd to RUB 621,170 mln
mostly because of time deposits placed by large corporate customers, while
retail deposits demonstrated a more moderate growth of 15.7% to RUB 189,043
mln. The share of corporate accounts in the total portfolio grew from 51%
as at 2014YE to 69% as of 3Q15.

Capital adequacy ratio calculated in accordance with Basel III did not
change materially ytd and stood at 16.0%, while the Bank's total capital
according to Basel III standards grew by 38.2% to RUB 124,840 mln. Tier I
capital ratio was 9.6%. The capital grew upon successful closing of two
deals in 2Q2015: a RUB 20.2 bln subordinated loan provided by the Deposit
Insurance Agency under the Russian banking system recapitalisation
programme and the Bank's IPO attracting RUB 13.2 bln on the Moscow
Exchange.


Infrastructure development

As of 30 September 2015, CREDIT BANK OF MOSCOW had 57 offices, 21
stand-alone cash desks, 887 ATMs and 5,220 payment terminals (as of 31
December 2014, these figures were 58, 31, 841 and 5,683 respectively).


---------------------------------------------------------------------------

30.11.2015 Dissemination of a Corporate News, transmitted by EquityStory.RS,
LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EquityStory.RS, LLC Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------


419231 30.11.2015