Press Releases

Renaissance Credit Net Profit for 9M2021 Increased to ₽3.1 bn According to RAS 


2 November 2021

Renaissance Credit has disclosed financial results for the first nine months of 2021 in accordance with the Russian Accounting Standards (RAS).

Renaissance Credit made up ₽3.1 bn net profit by the end of the first nine month of the year 2021.

Net interest income for 9M2021 amounted to ₽11.2 bn. Commission income increased by 53% year-on-year and reached ₽5.6 bn.

Assets at the end of the reporting period stood at ₽150.4 bn, demonstrated 6.6% increase since the beginning of the year.

Net retail loan portfolio as of October 1, 2021 attained ₽111.9 bn, grew by 7.1% in 3rd quarter. Retail loan origination during January - September 2021 equaled ₽85.3 bn.

Portfolio of retail deposits and current accounts by the end of September amounted to ₽99.1 bn.

Operating income for 9M 2021 increased by 47% year-on-year and almost attained ₽12.3 bn.

* Figures for the volume of retail loan origination correspond to the management reporting of the bank.