OREANDA-NEWS. April 13, 2007. URSA Bank proved quite successful in the first quarter of the year. Its balance sheet total reached 147.7 billion RUR on April 1, 2007, which exceeds the figures for a year earlier by 3.9 times (that is, the figures for SibAcademBank - as it then was). The bank’s net wealth went up 3.3 times and reached 107.8 billion RUR. The resource base grew 3.4 times; in addition, the bank managed to attract 5 times the amount of last year’s foreign investments due to cooperating with a number of international financial bodies: the IMF, for example, invested 42.2 billion RUR thanks to Eurobond portfolio and subordinate loan growth (14.2 and 5.4 times, respectively).

Investments by private individuals and businesses doubled compared to last April, amounting to 37.1 billion RUR. The bank’s retail deposit portfolio grew 2.3 times, coming to 28.3 billion RUR. The loan portfolio reached the point of 75.2 billion on April 1, 2007, which is thrice the last year’s sum, with loans to businesses amounting to 42.4 billion RUR (which is 3.5 times better than in April 2006) and loans to individuals amounting to 32.8 billion RUR (which exceeds the figures for a year earlier by 2.5 times).

URSA Bank’s equity capital tripled over January-March 2007 and reached 12.52 billion RUR. Their balance sheet profit came to 581.1 million RUR, which exceeds the figures for January-March 2006 by 1.2 times.