URSA Bank’s deposits go up 1 billion RUR

URSA Bank’s balance sheet profit came to .3 billion RUR in the first quarter of 2009, while the company’s own funds were estimated at 26.6 billion RUR on April 1, 2009, which was .3% less than on January 1, 2009. The bank’s capital adequacy came to 16.8%, which is 1.6 times more than what is required by the Central Bank of Russia.

In addition, URSA Bank’s net assets reached 207.8 billion RUR in January-March 2009, thus going down by 2.6% since the beginning of the year. Their liquid assets amounted to 40.6 billion RUR.

The bank had managed to attract 57.9 billion RUR worth of customer investments by April 1, 2009, which falls short of the figures for the beginning of the year by 6.9%. The lion’s share (65%) of investments came from the private individuals, which signals the private customers’ great faith in this business. The private individuals’ deposit volume rose by 1 billion RUR in the first quarter of the year alone.

Then, URSA Bank’s loan portfolio was estimated at 125 billion RUR in January-March 2009, which is 5.4% less than on January 1, 2009. At the same time, the volume of loans offered to private customers came to 58.7 billion RUR; that of loans given to businesses reached 66.3 billion RUR. The share of overdue debt came to 4%, whereas the bank’s possible loss reserve amount to 12% of the lending portfolio volume.

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