NDC Reports 22.8% Raise of its Total Net Profit for 2009
By Ndc Public Affairs Division, PRNEWednesday, April 7, 2010
MOSCOW, April 8, 2010 - "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 summed up its financial results for
2009 according to Russian Accounting Standards (RAS).
With regard to NDC's reorganization from not-for-profit partnership to
close joint stock company carried out in 2009 the company's total revenues
and net profit according to RAS for 2009 are presented on basis of financial
statements by NDC Not-For-Profit Partnership and NDC CJSC for the reporting
period. The company's revenues for 2009 according to RAS amounted to RUB1.275
billion. This is 5.8% more against the comparable period of 2008 (RUB1.205
billion). NDC's net profit for 2009 according to RAS reached RUB481.574
million or 22.8% more than for 2008 (RUB392.21 million).
Eddie Astanin, Director General, NDC, pointed out commenting on the
company's financial results for 2009:
"NDC's financial results for 2009 reflect the company's stable position.
Revenues exceeded the planned figures by 11%. We also succeeded to optimize
our costs decreasing them by 4% against the target level. The company's
financial potential allows NDC to develop dynamically as a leading settlement
depository in Russian market."
The company has summed up financial results of NDC for the period from 10
August, 2009 (a date of NDC Not-For-Profit Partnership's reorganization to
NDC CJSC) to 31 December, 2009. NDC's revenues for 10 August - 30 September,
2009 amounted to RUB560.364 million, and the company's net profit was
RUB199.001 million.
NDC's total equity calculated in accordance with RAS reached RUB2.174
billion (RUB1.744 million as of beginning of the reporting period) or 24.7%
more. It also increased by 10.1% since reorganization (RUB1.975 billion as of
10 August, 2009).
The value of NDC's internal funds adequacy ratio calculated on basis of
Russia's Federal Financial Markets Service's method reached RUB1.15 billion
or 8.1% less against 2008 (RUB1.252 million as of beginning of the reporting
period) owing to change in Federal Financial Markets Service's method.
The market value of securities on deposit with NDC as of 31 December,
2009 increased 47.35% amounting to RUB 6.86 trillion (compared with RUB4.13
trillion as of 31 December, 2008). Increase in market value of Russian
issuers' shares on deposit with NDC for 2009 amounted to 75.8%; growth of
aggregate nominal value of the corporate and regional bonds was 40.98%,
aggregate nominal value of Russian Eurobonds and corporate Eurobonds
increased by 6.87%, and value of UITs' units dropped by 2%. The value of Bank
of Russia's bonds on deposit with NDC increased more than 23 times reaching
RUB290.661 billion as of 31 December, 2009.
NDC retains its leading position as a paying agent on corporate and
regional bonds. As of 31 December, 2009 NDC's share in paying agent services
market reached 34.74% on basis of total number of the corporate and regional
bond issues in circulation, and 37.01% on basis of the number of issuers of
the corporate and regional bonds in circulation. Despite crisis situation NDC
as a paying agent admitted 67 bond issues by 37 issuers for servicing in
2009. The number of bond issues serviced by NDC as a paying agent reached 266
issues by 172 issuers.
Total number of issues of securities served by NDC in 2009 increased by
4.97% against 2008 and amounted to 2,896 issues. The number of issuers whose
securities are served by NDC amounted to 1,426 companies. This is 5.55% more
than for 2008.
NDC's turnover (the market value of securities transferred in inventory
operations) for 2009 reached RUB60.061 trillion or 1.51% less than for 2008
(RUB60.98 trillion).
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 ÀÀ- 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, pr@ndc.ru
For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7-495-232-0910, pr at ndc.ru
Tags: April 8, Moscow, NDC Public Affairs Division, Russia