Net assets of Sberbank’s Ural branch grow 1.5 times in 2007

31 January 2008 (09:03)

In 2007, Sberbank of Russia’s Ural branch managed to raise its assets impressively as well as meet all the target figures in terms of attracting investments and offering loans to its customers. The bank’s profit increased by 1.3 times last year compared to the year before and reached 6 billion RUR, while the net assets grew by 1.5 times and amounted to 281 billion RUR.

Sberbank’s Ural branch provided considerably more customers with loans in 2007 against 2006, so their loan portfolio rose by 100 billion RUR and came to 251 billion RUR. The volume of loans offered to private individuals, for instance, increased by 1.5 times and reached 83 billion RUR.

As for private bank deposits, people tended to go for long-term investments, so more than 50% of all deposits were opened for the period of over two years. The volume of private investments grew by 33 billion RUR and amounted to 130 billion RUR. The volume of investments made in the form of business deposits rose by 1.3 times and came to 74 billion RUR.

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