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MOSCOW, September 4 (RIA Novosti) - Home Credit & Finance Bank (HCFB) said its net profit, calculated to International Accounting Standards, rose 51.5%, year-on-year, in the first six months of 2006, to 111 million rubles (about $4.1 million).
Russia's second-largest consumer credit bank attributed its net profit growth in January-June 2006 to an increase in net interest income.
HCFB, which is a member of the Home Credit Group that operates on the Eastern European consumer credit market, and is part of the PPF international group, said its IAS assets rose 24.1% in the reporting period, to 36.5 billion rubles (about $1.35 billion), and that its shareholder equity expanded 230%, to 9.3 billion rubles (about $344 million).
