URSA Bank’s equity capital exceeds 12.5bn RUR on January 1, 2007
18 January 2007 (11:52)
SibAcademBank and Uralvneshtorgbank merged to become URSA Bank in 2006 in order to create a bank with an increased geographical spread and client database. The new bank is going to develop further by keeping up with the traditions and trends of its predecessors such as informational transparency, exceptional client-friendliness, and use of advanced technologies.
The bank’s balance sheet total reached the point of 138.1bn RUR on January 1, 2007, which is 4.3 times better than that of SibAcademBank a year earlier. Its net wealth (assessed with the help of Interfax method) increased by 3.7 times against last year and came to 104.1bn RUR.
URSA Bank’s equity capital exceeded 12.5bn RUR on January 1, 2007, which exceeds last year’s figures by 3.2 times. This capital growth was largely brought about by the merger of SibAcademBank with Uralvneshtorgbank.
URSA Bank is now aspiring to intensively develop its retail services. In 2006, for instance, their private deposits grew by 2.3 times against 2005 and amounted to 25.8bn RUR.
The recent restructuring helped the company achieve one of the new bank’s top goals: expanding the resource base. The bank now has more savings and loan accounts (their number came to 3.2m natural person accounts and .7m business accounts on January 1, 2007). This increase in the number of accounts makes it possible to give more loans. URSA gave 67.1bn RUR worth of loans throughout January-December 2006, or 3.4 times more than a year earlier, with both business loans (the bank issued 3.5 times more of them than in 2005) and loans to natural persons (the bank issued 3.2 times more of them than in 2005) contributing to the loan portfolio growth.
URSA Bank also intends to keep cooperating with the international financial institutions, whose resources within the bank came to 37.3bn RUR in 2006.
The bank’s balance sheet profit reached the point of 3.4bn RUR in 2006, which is 3.4 times better than in 2005, reports the bank’s press officer.
The bank’s balance sheet total reached the point of 138.1bn RUR on January 1, 2007, which is 4.3 times better than that of SibAcademBank a year earlier. Its net wealth (assessed with the help of Interfax method) increased by 3.7 times against last year and came to 104.1bn RUR.
URSA Bank’s equity capital exceeded 12.5bn RUR on January 1, 2007, which exceeds last year’s figures by 3.2 times. This capital growth was largely brought about by the merger of SibAcademBank with Uralvneshtorgbank.
URSA Bank is now aspiring to intensively develop its retail services. In 2006, for instance, their private deposits grew by 2.3 times against 2005 and amounted to 25.8bn RUR.
The recent restructuring helped the company achieve one of the new bank’s top goals: expanding the resource base. The bank now has more savings and loan accounts (their number came to 3.2m natural person accounts and .7m business accounts on January 1, 2007). This increase in the number of accounts makes it possible to give more loans. URSA gave 67.1bn RUR worth of loans throughout January-December 2006, or 3.4 times more than a year earlier, with both business loans (the bank issued 3.5 times more of them than in 2005) and loans to natural persons (the bank issued 3.2 times more of them than in 2005) contributing to the loan portfolio growth.
URSA Bank also intends to keep cooperating with the international financial institutions, whose resources within the bank came to 37.3bn RUR in 2006.
The bank’s balance sheet profit reached the point of 3.4bn RUR in 2006, which is 3.4 times better than in 2005, reports the bank’s press officer.
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