SFI : Europlan to report a net profit of 7 billion rubles under IFRS for the first half of 2023

The Europlan leasing company (an SFI asset) has compiled its performance results for the first half of 2023 in accordance with International Financial Reporting Standards (IFRS). Here are the key results:

· The net profit for the reported period was 7 billion rubles, representing a 27% increase compared to the previous year.

· The leasing portfolio expanded to 184.9 billion rubles in the first half of 2023, marking a +12.6% growth since the start of the year.

· As of June 30, the capital stood at 39.1 billion rubles.

· The Return on Equity (RoAE) totaled 39.1%.

· The Return on Assets (RoAA) totaled 6.8%.

· Since the start of 2023, the volume of new business has reached 98.1 billion rubles, VAT included.

· The company's client base has expanded to 139 thousand people, thanks to active collaborations with new players in the Russian automotive market.

It is worth noting that the Europlan's results are factored into IFRS reports of the SFI holding. The holding company's financial reports in accordance with international standards, will be released in the end of August or early September.