Bank24.ru shrinks 43.66%
8 June 2010 (09:01)
OAO Bank24.ru (Life Financial Group’s asset) sustained 185.3 million RUR worth of losses by the end of 2009, the bank’s annual financial report says.
The bank made 859 million RUR on interest payments last year, which was 195.76 million RUR less than in the year 2008. This decrease in interest profits had to do with the shrinking lending portfolio. Besides this, Bank24.ru’s commission profits amounted to 535.5 million RUR, which was 75 million RUR less than in the year 2008.
Finally, this Yekaterinburg-based bank’s capital went down by 393.6 million RUR, or 43.66% and thus declined from 901.5 million RUR in 2008 down to 508 million RUR in 2009.
The bank made 859 million RUR on interest payments last year, which was 195.76 million RUR less than in the year 2008. This decrease in interest profits had to do with the shrinking lending portfolio. Besides this, Bank24.ru’s commission profits amounted to 535.5 million RUR, which was 75 million RUR less than in the year 2008.
Finally, this Yekaterinburg-based bank’s capital went down by 393.6 million RUR, or 43.66% and thus declined from 901.5 million RUR in 2008 down to 508 million RUR in 2009.
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