NDC Reports 75.2% Net Profit Growth For 1H 2010

Top Quote Russia's National Depository Center reports its IFRS financial results for 1H 2010. End Quote
  • (1888PressRelease) August 28, 2010 - MOSCOW - National Depository Center (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has issued its unaudited financial statements for the first half of 2010 according to IFRS. The company's fee revenues for depository services increased by 36% amounting to RUB792 million (against RUB583 million for 1H 2009).

    The company's net profit calculated in accordance with IFRS 7.2% grew against the comparable period of 2009; it reached RUB 414 million (RUB236 million for 1H 2009). NDC's equity capital according to IFRS 18.2% rose amounting to RUB2.681 billion (against RUB2.267 billion as of 31 December, 2009).

    NDC's IFRS financial statements for 1H 2010 are available at www.ndc.ru.

    About NDC

    National Depository Center (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues.

    It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and Eurobonds. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

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