NDC Reports 111.9% Net Profit Growth for 1H 2010

29 July 2010
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MOSCOW - "The National Depository Center" (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has announced its financial results for 1H 2010.

NDC revenue for the first six months of 2010 according to RAS was RUB791.782 million. This is 35.9% more than for the same period of 2009 (RUB582.547 million). Net profit reached RUB482.682 million or 111.9% more than for the comparable period of 2009 (RUB227.835 million).

For 1H 2010 NDC's total equity according to RAS rose 22.2% to RUB2.657 billion as of 30 June, 2010 (RUB2.174 billion as of 31 December, 2009).

As of 30 June, 2010 the value of NDC's internal funds adequacy ratio calculated in accordance with the method recommended by Russia's Federal Financial Markets Service (FFMS) increased by 12.1% for 1H 2009 to RUB1.29 billion. (RUB1.15 billion as of 31 December, 2009).

NDC's securities turnover (the market value of securities transferred in inventory operations) increased by 23.4% for the first half of 2010 against the comparable period of 2009 to reach RUB32.961 trillion (RUB26.72 trillion for 1H 2009). The number of inventory operations conducted by NDC for 1H 2010 amounted to 1,322,098. This was 13.6% more than for the first six months of 2009. 80.2% of inventory operations were represented by shares (1,060,166 operations). Increase in inventory operations with shares for January-June 2010 amounted to 14.4% against the same indicator for the comparable period of 2009. Value of securities on deposit with NDC as of 30 June, 2010 amounted to RUB6.736 trillion. This is 10.7% more against 31 December, 2009 (RUB6.086 trillion).

Total number of securities issues serviced by NDC increased 0.4% against the number of securities issues as of 31 December, 2009, and reached 2,908. Number of issuers serviced by NDC in 1H 2010 amounted to 1,433 companies. This is 0.5% more than for January-June 2009. Number of depository accounts including accounts of legal entities-non-residents 1.4% grew since the beginning of 2010 and amounted to 1,932 accounts.

NDC remains the leading Russian paying agent on corporate and regional bonds. As of 1 July, 2010, NDC’s share in this market reached 36.5% based on a total number of the corporate and regional bonds in circulation and 37.9% based on a number of the issuers of the corporate and regional bonds in circulation. In 1H 2010 NDC as a paying agent accepted for servicing 58 bond issues by 38 issuers. The number of bond issues serviced by NDC as a paying agent reached 269 issues by 161 issuers as of the end of the first half of 2010.

Note

Value of securities held 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 on nominal value.

About NDC

"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and Eurobonds. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.


For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,

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