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Otkritie Bank's profit fell by more than 9 times in 2022

The net profit of Otkritie Bank according to Russian accounting standards for the first half of 2022 amounted to 5.7 billion rubles against 53.5 billion rubles last year.

The financial institution has increased its liquidity and capital adequacy indicators. Otkritie became one of the four banks that finance developers, and became the sixth in lending to agricultural companies and the food industry. The bank also increased its share in the car loan market, taking fifth place. The bank's share in the market of deposits and loans to the population reached 2.6%.

As of July 1, the assets of Otkritie reached the mark of 3 trillion rubles. The bank's loan portfolio before deducting reserves increased by 43.8 billion rubles, or 2.2%, and amounted to 2.1 trillion rubles.

The bank also increased the number of active private clients to 3.5 million people. The amount of funds on client accounts exceeded 2.2 trillion rubles.

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Author: Ekaterina Levina
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