MOSCOW – The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that according to International Financial Reporting Standards (IFRS) its net profit for the first six months of 2008 increased by 18.1% in comparison with the same period of 2007. Net profit was RUR266.473 million for 1H 2008.
Total operating income rose 19.1% to RUR674.387 million (compared with RUR566.378 million for 1H 2007). The company’s total equity rose 20.4% to RUR1.575 billion (RUR1.309 billion as of 31 Dec., 2007).
NDC also note that the value of securities on deposit as of June 30, 2008 rose 3.8% against the comparable period of 2007, reaching RUR4.4 trillion (RUR4.2 trillion as of June 30, 2007). The number of inventory operations conducted for 1H 2008 rose 7.6% to 1,267,116. Securities turnover (the market value of securities transferred in inventory operations) increased 24% compared with 1H 2007 reaching RUR28.722 trillion (compared with RUR23.155 trillion a year earlier). Joint stock company shares in NDC's total securities turnover was 44.6%.
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:
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of 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, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository which means very low level of risk. For 1H 2008 the value of assets in storage was RUR4.4 trillion. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using direct accounts at Clearstream Banking S.A. and Euroclear Bank. It also holds accounts at the Central Depository of the Republic of Kazakhstan, the NDC of the Republic of Azerbaijan and the Republican Central Depository of Securities (Republic of Belarus).
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.67% and 39.35% respectively, and in the votes 50.16% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, Deutsche Bank, and Sberbank. The Partnership also has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.67%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Department: +7 495 232 0910, .