"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 1Q 2010.
NDC revenue for 1Q 2010 according to RAS was RUB380.679 million. This is 42.7% more than for the same period of 2009 (RUB266.783 million). Net profit reached RUB198.301 million or 94.7% more than for the comparable period of 2009 (RUB101.847 million).
For 1Q 2010 NDC's total equity according to RAS rose 9.1% to RUB2.373 billion as of 31 March, 2010 (RUB2.174 billion as of 31 December, 2009).
As of 31 March, 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 42.9% for 1Q 2009 to RUB1.644 billion. (RUB1.15 billion as of 31 December, 2009).
The market value of securities on deposit with NDC as of 31 March, 2010 increased by 11.3% to RUB6.774 trillion compared with RUB6.086 trillion as of 31 December, 2009. As of 31 March, 2010 the growth of the market value of Russian issuers' shares on deposit with NDC amounted to 10.8%; the aggregate nominal value increase of the corporate and regional bonds on deposit was 2.58%; the aggregate market value of Unit Investment Trust (UIT) units grew 6.35%; the aggregate nominal value of Russian Federation's and corporate Eurobonds reduced by 1.42%. The value of the Bank of Russia's bonds on deposit with NDC grew more than 2.5 times reaching RUB746.842 billion as of 31 March, 2010.
The number of securities issues serviced by NDC increased by 0.2% for 1Q 2010 reaching 2,901. The number of issuers with securities on deposit with NDC increased by 0.91% amounting to 1,439. The number of depository accounts (including accounts of non-residents) for 1Q 2010 rose 1.2% to 1,927.
NDC retains its position as the leading Russian paying agent on corporate and regional bonds. As of 1 April, 2010, NDC’s share in this market reached 34.54% based on a total number of the corporate and regional bonds in circulation and 36.1% based on a number of the issuers of the corporate and regional bonds in circulation. In 1Q 2010 NDC as a paying agent accepted for servicing 27 bond issues by 15 issuers. The number of bond issues serviced by NDC as a paying agent reached 260 issues by 162 issuers as of the end of 1Q 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.
Among NDC’s shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, “ROSBANK” (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC «ROSSIYSKIY KREDIT BANK», Vnesheconombank, “ING BANK (EURASIA) ZAO”, CB “J.P. Morgan Bank International” (LLC), ZAO UniCredit Bank, Deutsche Bank Ltd, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%) and in Settlement Depository Company CJSC (28.54%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,