NDC net income in 2005 calculated according to IFRS reached 230 million rubles, 1.6-fold increase year-on-year

17 May 2006
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Net income of the Not-for-Profit partnership “The National Depository Center” for 2005 calculated according to international financial reporting standards, audited by PricewaterhouseCoopers, reached 230.28 million rubles, 1.6-fold increase compared to 140.8 million rubles in the previous year.

The growth of operating and net income was supported by increase of assets under custody, as well as growth in the number of operations. Growth of business in 2005 allowed NDC to lower fees for depository cervices twice during the year.

NDC operating income for 2005 was 578.7 million rubles, for 2004 – 427.87 million rubles.

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