National Settlement Depository (NSD), Russia’s central securities depository, has summed up its operating results for the first half of 2013.
In 1H 2013, NSD’s customers’ cash accounts turnover and its securities turnover (the market value of securities transferred in inventory operations) increased to RUB223.669 trillion and RUB82.102 trillion respectively. It is 78.7% and 36.5% more than for the same period of 2012 (RUB125.716 trillion and RUB60.127 trillion respectively).
NSD's revenues for the first six months of 2013 according to RAS reached RUB13.887 billion, this is 137% more than for the same period of 2012 (RUB5.859 billion). The company's expenditures for 1H 2013 stood at RUB11.609 billion, including RUB220.861 million tax profit payments; this is 183% more than for the same period of 2012 (RUB4.109 billion).
The company's net profit for 1H 2013 30.2% grew against the first half of the previous year up to RUB 2.278 billion (RUB1.75 billion in 1H 2012).
NSD's total equity amounted to RUB6.113 billion as of 1 July 2013 (it was RUB5.83 billion as of 1 January 2013 including the events after the balance sheet date).
Eddie Astanin, Chairman of the Executive Board, NSD, commenting on the company’s results for 1H 2013, said:
“At the end of 1H 2013 formation of the central securities depository in Russia was actually completed. Owing to NSD’s close cooperation with Russian and foreign market participants, this process, which affected hundreds of financial institutions and more than 1,000 of the biggest Russian issuers, was completed smoothly, in line with agreed road maps. The Russian central securities depository was recognized by the global financial community as an eligible depository. After starting work as the CSD, we successfully implemented a number of projects and programs which have already brought certain results to the financial infrastructure of the country and to the entire Russian economy. In particular, providing global investors with direct access to the Russian governmental debt market through Euroclear and Clearstream accounts opened with NSD allowed a reduction in governmental borrowing costs and the attraction of approximately US$10 billion to our country. More than 90 Russian banks joined the OTC repo market formed by NSD together with the Bank of Russia. More than 215 financial organizations became the clients of NSD’s repository created in February 2013.
We work in a highly competitive sphere and we consider it important to actively participate in the Russian market’s positioning on the international scene. In partnership with the largest international financial institutions we will continue informing the international financial community about core changes occurring this year in the Russian financial market. Realizing the importance of corporate governance issues in Russia, we have begun developing the corporate information center which will offer a unified procedure for collecting, processing and distributing data, and will be an instrument for more efficient and reliable execution by shareholders in Russian companies.
These and other projects are being implemented by a unique business team; it allows me to be confident in our successful movement towards creation of the international quality record keeping system which will be able to successfully compete on the global financial market.”
National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes. The international rating agency Thomas Murray has assigned NSD an AA- rating as a central securities depository.
The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.
NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012 and license #077-00004-000010 for the clearing activities issued by the Russian Federal Financial Markets Service on 20 December 2012.
Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.
Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia.
For further information about NSD: www.nsd.ru, or NSD Public Affairs Division: +7 495 232 0910, e-mailFollow us in Twitter: http://twitter.com/NSD_News_ru