URSA Bank looks at its performance in April 2007
11 May 2007 (11:23)
URSA Bank assessed its performance in April 2007. Its balance sheet total reached 151.9 billion RUR on May 1, 2007, which exceeds the figures for a year earlier by 3.7 times. The bank’s net wealth went up 3 times and reached 103.9 billion RUR.
The bank’s resource base made up of investments by international financial bodies grew 5.1 times, coming to 41.9 billion RUR; this money is traditionally used to develop the company’s own lending schemes as well as programs supported by the European Bank for Reconstruction and Development.
The overall volume of URSA Bank’s lending operations tripled, reaching the impressive 82.3 billion RUR, whereas volume of loans to businesses and private individuals grew 3.8 and 2.3 times against May 2006, respectively; the bank’s business loan portfolio amounted to 45.5 billion RUR, or 55% of all loans provided by the company.
Investments by private individuals exceeded those for last May by 2.2 times, amounting to 28.4 billion RUR.
The bank’s deposit portfolio grew 2.4 times against May 2006 and came to 37.1 billion RUR, with 76% of investments coming from private individuals. This means the bank has been quite successful in customer attraction and retention.
URSA Bank’s equity capital tripled in May 2006 - May 2007 and reached 12.4 billion RUR. Their profit came to 837.5 million RUR in the four months of 2007, which exceeds the figures for January-April 2006 by 1.2 times.
The bank’s resource base made up of investments by international financial bodies grew 5.1 times, coming to 41.9 billion RUR; this money is traditionally used to develop the company’s own lending schemes as well as programs supported by the European Bank for Reconstruction and Development.
The overall volume of URSA Bank’s lending operations tripled, reaching the impressive 82.3 billion RUR, whereas volume of loans to businesses and private individuals grew 3.8 and 2.3 times against May 2006, respectively; the bank’s business loan portfolio amounted to 45.5 billion RUR, or 55% of all loans provided by the company.
Investments by private individuals exceeded those for last May by 2.2 times, amounting to 28.4 billion RUR.
The bank’s deposit portfolio grew 2.4 times against May 2006 and came to 37.1 billion RUR, with 76% of investments coming from private individuals. This means the bank has been quite successful in customer attraction and retention.
URSA Bank’s equity capital tripled in May 2006 - May 2007 and reached 12.4 billion RUR. Their profit came to 837.5 million RUR in the four months of 2007, which exceeds the figures for January-April 2006 by 1.2 times.
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