OREANDA-NEWS. June 5, 2007. MDM Bank published its consolidated IFRS financial statements for the quarter ending March 31, 2007, which were reviewed by KPMG. For the three-month period, MDM Bank reported net attributable profit after taxation in amount of RUR 1 410 million (1Q 2006: RUR 717 million).

Other highlights included:
Net interest and net fee income increased by 60% to RUR 3 512 million, compared to RUR 2 201 million in 1Q 2006;
Annualized return on average equity increased to 20.1% (for the whole of 2006: 13.0%);
Total assets rose by 13% to RUR 274 896 million (YE 2006: RUR 243 122 million);
Cost/Income ratio decreased to 43.6% (for the whole of 2006: 51.5%).

Full text of the financial statements for 1Q 2007 can be found on this web site.