"The National Depository Center" (Closed Joint Stock Company), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today its financial results for 1H 2009 according to IFRS. For the first six months of 2009 NDC's operating revenue increased 11% against the same period of 2008 and amounted to RUB748.36 million (RUB674.39 million for 1H 2008). The company's net profit for 1H 2009 dropped 11% (from RUB266.47 million for 1H 2008 to RUB236.18 million for 1H 2009). NDC's total equity according to IFRS rose 13.8% to RUB1.947 billion (against RUB1.711 billion as of 31 December, 2008).
Nikolay Egorov, Director General, NDC, commenting on the company's financial performance for 1H 2009, said: "The capitalization of an infrastructure organization operating in the financial market is one of most important indicators of its reliability. Thus implementing its strategic plans NDC is gradually increasing its total equity. Simultaneously, with the decrease in risks, NDC's shareholders also receive additional benefits as they can see the company's transparent capital structure after NDC's restructuring into a closed joint stock company."
The value of securities on deposit with NDC as of 30 June, 2009 amounted to RUR4.7 trillion. This is 13.81% more than on 31 December, 2008 (RUR4.13 trillion).
The total number of securities on deposit with NDC increased 61% (from 1.425 trillion items as of 30 June, 2008 to 2.293 trillion items as of 30 June, 2009). NDC's turnover (the market value of securities transferred in inventory operations) for 1H 2009 amounted to RUR26.72 trillion or 6.97% less than for the same period of 2008 (RUR28.722 trillion). The number of inventory operations against the same period of 2008 decreased by 8.1% to 1,164,366 operations including 926,542 operations with shares (79.57% of all operations). The number of depository accounts since the beginning of 2009 increased 4.85% to 1,860 accounts (5.1% more than in 2008).
It is also worth adding that in accordance with Russian Accounting Standards, NDC's revenue for 1H 2009 amounted to RUB582.55 million (against RUB610.995 million for the comparable period of 2008). NDC's net profit for 1H 2009 calculated in compliance with RAS reached RUB227.835 million (against RUB251.127 million for 1H 2008).
Full version of NDC's financial statements for 1H 2009 according to IFRS is available at NDC's web site: http://www.ndc.ru/ru/about/annrep/
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.
"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing the full range 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, 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. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the votes are 50.16% and 42.30% respectively). Shareholders also include GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910, .