Russian "Orgresbank" under the control of the Scandinavian group Nordea, for the results of I quarter, compared with year earlier net profit increased 1.9 times to 1.13 billion rubles. This was reported in the press service of the bank.
For reference: in January-March 2008 net profit "Orgresbanka" amounted to 594 million rubles.
The growth occurred due to revaluation gains on securities and foreign currencies in relation to changes in market rates, explained in the bank.
Previously, it was reported that net profit "Orgresbanka" included in the thirty largest in Russia and accountability of the Scandinavian banking group Nordea, according to Russian Accounting Standards (RAS) to the outcome in 2008 grew to 2.2 times to 1.64 billion rubles., Said the bank .
Previously, it was reported that Nordea Group in 2009 will increase the bank's capital estimated at 100 million euros after closing a deal to buy 17.7% stake in the bank, the two managers and shareholders of the EBRD. Agreement here was signed in December 2008, upon completion of the transaction Nordea will own 100% of the shares "Orgresbanka.
Recall that "Orgresbank works in the banking market since 1994.
Bank Nordea - the leading Nordic financial institution, offering its clients a wide range of products, services and solutions in the areas of banking, asset management and insurance. Nordea serves nearly 10 million customers in more than 1400 offices
and branches. Nordea Bank Shares traded on stock exchanges in Copenhagen, Helsinki and Stockholm.
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