UBRD assets exceed 154bn RUR
14 May 2013 (09:15)
May 14, 2013. In the first three months of 2013, the Ural Bank for Reconstruction & Development’s basic performance indicators went on growing. The bank’s assets have gone up by 8.3% since the beginning of the year and exceeded 154bn RUR on April 1, 2013 (against 142bn RUR on January 1, 2013), the bank’s press service reports.
The bank’s own fund increased by 5.9% (from 12.9bn RUR to 13.6bn RUR) in the first quarter of 2013.At the same time, the N1 figures came to 10.79% while the minimum requirements come to 10%. The UBRD’s net profit came to 320.2m RUR (against 164.3m RUR on January 1, 2013). The bank’s net operating income in Q1 exceeded the figures for Q4’12 by 40%: the figures went up from 2.7bn RUR to 3.7bn RUR despite the seasonal factors.
In late February, the bank raised more capital through a second tranche of $20m under the terms of a subordinated loan; this tranche is to be paid off within 6 years. The UBRD received the first tranche ($30m) in December 2012.
The bank’s own fund increased by 5.9% (from 12.9bn RUR to 13.6bn RUR) in the first quarter of 2013.At the same time, the N1 figures came to 10.79% while the minimum requirements come to 10%. The UBRD’s net profit came to 320.2m RUR (against 164.3m RUR on January 1, 2013). The bank’s net operating income in Q1 exceeded the figures for Q4’12 by 40%: the figures went up from 2.7bn RUR to 3.7bn RUR despite the seasonal factors.
In late February, the bank raised more capital through a second tranche of $20m under the terms of a subordinated loan; this tranche is to be paid off within 6 years. The UBRD received the first tranche ($30m) in December 2012.
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