The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today its financial results for the first nine months of 2007. NDC’s revenues based on Russian Accounting Standards (RAS) reached RUR834.4 million for January-September 2007. This is 34% more than for the same period of 2006 (RUR621.2 million). Net profit was RUR312.8 million, an increase of 28% year-on-year (RUR245.3 million).
NDC’s total equity in accordance with RAS rose 32% for the first nine months of 2007, reaching RUR1.285 billion (RUR973.4 million for the first nine months of 2006). Net asset value excluding depreciation was RUR1.254 billion. Value of internal funds calculated in accordance with the method mandated by Russia's Federal Financial Markets Service (FFMS) amounted to RUR1.13 billion. For the first nine months of 2007 the value of securities held on deposit increased from the beginning of the year by 25.4% to RUR4.122 trillion (compared with RUR3.288 billion as of 31 December, 2006).
Total number of depository operations for the first nine months of 2007 rose by 34.3% in comparison with the same period of 2006, exceeding 1.79 million operations. 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 nominal value.
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. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, 95% conducted in the corporate and regional bond markets, and 90% of stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% of sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. In 2006 the value of assets in storage was RUR 3.3 billion, turnover was RUR 30.7 billion, and the total number of operations 1.9 million. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, the substituting numerating agency for the CIS, authorized to assign the international ISIN and CFI indexes. 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 and the NDC of the Republic of Azerbaijan. Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property are 46,7% and 39,3% respectively, and in the votes 50,2% and 42,3% respectively). Members include Gazprombank, Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vneshekonombank, ING Bank Eurasia, JP Morgan Bank International LLC, International Moscow Bank, Deutsche Bank, and Sberbank of Russia. The Partnership also has a stake in Depositary Clearing Company CJSC (36.96 %) and in Settlement Depository Company CJSC (29%).
For further information about NDC: www.ndc.ru, or NDC Public Affaires Department: +7 495 232 0910