VUZ-Bank’s funds exceed 1.8bn RUR in 2012

24 May 2013 (09:09)

May 24, 2013. VUZ-Bank announced its EARD financial performance results for 2012. The bank’s net profit reached 466m RUR over this period, which is nearly twice the number for the year 2011, the bank’s press service says.

As of January 1, 2013, VUZ-Bank’s assets reached 13,751.6m RUR, which indicates a 19.25% growth over one year (+2,220.5m RUR). The bank’s capital exceeded 1.8bn RUR, which means the bank’s own funds rose by nearly 1.5 times in twelve months.

The increase in profits was brought about by the restoration of the 49.1m RUR worth of bad debt and NPL reserves.


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