Press Releases

Renaissance Credit discloses 9M2020 RAS results

22 Oct 2020

Renaissance Credit has disclosed financial results for the first nine months of 2020 in accordance with the Russian Accounting Standards (RAS).

Net profit -  ₽1.2 bn
Net interest income - ₽14.4 bn
Commission income - ₽3.7 bn
Retail loan origination - ₽57.8 bn

Assets at 1 Oct 2020 -  ₽134.4 bn
Net retail loan portfolio - ₽104.1 bn *
Portfolio of retail deposits and current accounts - ₽93.2 bn 
Comment by Evgeniy Mikhalin, Senior Vice-president, CFO: “Having overcome the difficult economic situation caused by the pandemia, we gradually return to the pre-crisis level, adapting our business to the changing market conditions. We still maintain the focus on such key indicators as asset quality, operational effectiveness and profitability.” 

* Figures related to the retail loan portfolio, loan origination, operating income and expense are provided in accordance with the management reporting of the bank.