Falling NPLs boost MDM Bank 1H 2011 net income to 1.45 billion roubles

Russian bank, MDM Bank, has posted a 1H 2011 net income of 1.45 billion roubles under IFRS. The net result is up from the 1.06 billion rouble net profit posted in 1H 2010, despite net interest income falling from 10.141 billion roubles in 1H 2010 to 7.825 billion for 1H this year.The bank added that […]