Despite a stagnant economy ProCommerce Bank ended 2019 with outstanding performance
We closed the year with Net Income (as per international standards – IAS) of Rub 22.4 million, corresponding to ROE of 7%, and ROA of 3.5%.
Net Interest Income increased by 14% and reached Rub 81 million, overall operational income increased by 2% reaching Rub 136.5 million, operational expenses decreased by 1% and stood at Rub 119.3 million. Income before taxes (as per Russian standards) reached Rub 26.7 million, and was the best result in 5 years.