MOSCOW – The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of securities issued by Russian issuers, has announced that it is successfully implementing the strategy approved by the Partnership’s management bodies of increasing its net assets. As of 30 Sept., NDC’s net assets reached RUR870.41 million (up 39.2% from January 2006). The company’s internal funds calculated in accordance with Federal Financial Markets Service method totaled RUR794.383 million as of the same date. NDC’s revenues for the first nine months of 2006 amounted to RUR621.3 million or 52.3% more than for the same period of 2005. Net profit (according to RAS) totaled RUR245.3% (up 54.7% compared with January-September 2005). Successful financial results were achieved in tandem with consistent reductions in tariffs charged for NDC services.
NDC’s operating results also demonstrate positive development. The value of securities on deposit rose by 61% for the first nine months of 2006 and reached RUR2.85 trillion (or US$106.5 billion), mainly owing to corporate shares and bonds. Growth in the value of shares on deposit with NDC for the first nine months of 2006 reached 227%, and growth in the value of corporate bonds amounted to 52%. It is important to point out also an unprecedented rise in the value of exchange-traded investment funds on deposit with NDC, which in the third quarter alone reached 56% and for January-September amounted to 360%. The number of NDC depository accounts opened by legal persons (Russian residents) reached 1,519, up 6% as of January 2006. Market value of securities transferred during inventory operations in January-September 2006 exceeded RUR19 trillion.
Note: Value of securities on deposit in NDC accounts is an operational indicator which does not include the market value of other assets held in issuers’ accounts. The value of shares and units of Unit Investment Trusts is based on market value, and the value of bonds is based nominal value.