Copying and distributing are prohibited without permission of the publisher
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.”