Bank Electronika Was Published in Business Journal Finans
OREANDA-NEWS. December 4, 2007. Business journal Finans has published a rating of Russian banks according to their standing on September 1, 2007. Bank Electronika took 121st place. The list featured 355 banks with working assets exceeding 100 million U.S. dollars (2.562 million rubles at the Central Bank of the Russian Federation’s rate of exchange on September 1, 2007). Bank Electronika had 12.735 million rubles in working assets at that date.
Finans includes in its calculation of working assets: funds the banks have on hand, resources in correspondent accounts with the Central Bank, resources on account with the MICEX, precious stones and metals, NOSTRO correspondent accounts, interbank credit issued as well as overdue payments on that credit, marketable securities, and credit extended to businesses, organizations, and individuals. Using those data, the journal considers the asset categories that are most important in bringing income to each bank under scrutiny.
The structure of working assets of Bank Electronika on September 1, 2007 was as follows:
78% – credit extended to businesses and organizations
8% – investments in corporate obligations
7% – investments in promissory notes
3% – highly liquid assets
2% – investments in shares of stock
2% – credit extended to individuals.
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