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NSD announces net profit for 2013
29 January 2014
Russian securities depository revenue up 150%
National Settlement Depository (NSD), Russia’s
central securities depository, generated revenues of RUB33.5bn
last year, up from RUB13.6bn in 2012. Net profit grew 1.6% from
the previous year to RUB3.6bn.
In 2013, NSD’s customers’ cash
accounts turnover and its securities turnover (the market value
of securities transferred in inventory operations) increased to
RUB367.2trn and RUB168.1trn respectively - 39.8% and 27.8% more
than in 2012. Total equity amounted to RUB7.3bn as of January
1 2014 compared to RUB6bn as of January 1 2013.
"2013 was the year for the formation of the central securities
depository in Russia and large scale changes in the Russian
financial market," said Eddie Astanin, chairman of the
executive board, NSD. "NSD fulfilled such important projects as
clearing and DVP settlements in foreign currency on the OTC
translations with securities, as well as record keeping of the
OTC transactions with derivatives in the repository."
"We are actively working on the creation of a corporate
information centre, which will simplify the unification of the
processes of data collection, processing and distribution and
will help to reduce costs for market participants and issuers."