MDM Shows Strong Performance in 1H 2005

05.10.2005 00:00

Moscow, 5 October 2005 - MDM Financial Group published its consolidated interim IFRS financial statements for the first half of 2005, which were reviewed by KPMG. For the six-month period, MDM reported net profit after tax of US$ 48.4 million.

Other highlights included:

* Net Interest and Net Fee Income increased by 15.9% to US$ 140.3 million compared to US$ 121.0 million for 1H 2004
* Total Loans grew by 10.7% to US$ 2.70 billion from US$ 2.44 billion as of 1H 2004
* Annualized Return on Average Equity was 12.66% (1H 2004: 16.02%)
* Total Assets grew by 13.7% to US$ 4.43 billion compared to US$ 3.89 billion as of 1H 2004
* Tier one capital ratio stood at 17.4% as at 30 June 2005 (1H 2004: 18.5%)
* Operating Expenses increased by 8.8% to US$ 89.1 million compared to US$ 81.9 million as of 1H 2004
* Cost/Income ratio remained largely flat at 54.25% compared to 52.95% in 1H 2004

19.01.2007 14:41

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