OREANDA-NEWS. August 28, 2008. The Bank approached its anniversary date with successful results. In the reported period in pursued positive dynamics in all directions of activity, during the 7 months the Bank fulfilled the planned parameters defined in the monetary and credit policy of the Republic of Belarus and set by the Bank's shareholders, reported the press-centre of BPS-Bank.

The volume of total assets exceeded BYR 7.55 trillion.

The equity reached BYR 463.4 billion and has grown from the beginning of the year by BYR 80.4 billion including due to own funds by BYR 50.4 billion.

For the 7 months, the Bank earned profit in the amount of BYR 50.8 billion which is by 1.3 times more than in the corresponding period last year. The Bank's ROE made 19%, ROA made 2.2% which exceeds these figures for 2007 by 0.4% and 0.1% respectively.

The authorized capital increased by BYR 54.2 billion, or 38.7%, including due to governmental investments in the amount of BYR 30 billion, and reached BYR 194.1 billion. The structure of the authorized capital is dominated by the governmental form of ownership that makes 91.6%.

The Bank's policy aimed at securing its positions and increase of the obtained funds allowed to raise funding by 20.1% up to BYR 4.3 trillion. Balances on customer accounts grew from the beginning of the year by 22.6% up to BYR 3.1 trillion, including funds of the population by 38%, and reached BYR 1.2 trillion.

In the current year 1.3 thousand legal entities became the Bank's customer. The number of depositors grew by 65 thousand people and exceeded 1,196 thousand.

The Bank offers its customer 11 types of deposits including 6 deposits in Belarusian roubles, 5 deposits in foreign currencies. In order to support competitiveness of the deposit services, in the current year the Bank introduced new deposits in Belarusian roubles – "Efficient" and "Partnership".

In order to diversify the resource base and extend funding sources, the Bank obtained foreign credit resources for the amount of USD 172.7 million which is by 8.3 million more than in the relevant period last year.

The Bank obtained the annual syndicated loan for the amount of USD 78 million with the initial subscription amount of USD 40 million. The MLAs were Credit Suisse (Switzerland), Fortis Bank (Belgium), Banco Finantia (Portugal), Bayern LB (Germany).

The exposure on funds of foreign financial institutions as of 01.08.2008 made USD 246.5 million.

This was supported by strengthening international reputation of the Bank, as well as widespread branch network which expanded by 153 banks in the reported period, and as of July 1 comprises 817 banks from 86 countries.

JSC "BPS-Bank" was the first Belarusian bank to have obtained ratings from three international rating agencies. The availability of the ratings, the strong financial position of the Bank allowed to increase the amount of limits set by international banks for JSC "BPS-Bank" by USD 84.2 million up to USD 387 million.

Well-balanced credit policy of the Bank is determined by the most complete satisfaction of the need of the enterprises in the productive sector of the economy and population in borrowed funds. The volume of loans granted in 7 months this year made BYR 3.9 trillion which is by 41.7% or by BYR 1.2 trillion more than the loans issued in the relevant period last year.

The amount of financial support for export-oriented enterprises exceeded the relevant parameter of the last year by 1.8 times and made USD 896.8 million in equivalent. The share of loans issued to these enterprises in the credit indebtedness of legal entities made 43.4%.

The volume of investment loans issued to legal entities exceeded BYR 469.8 billion, loans to population for housing construction exceeded BYR 41.5 billion.

Credit exposure as of August 1 reached BYR 2.9 trillion, the growth made BYR 1 trillion. Exposure on legal entities exceeded BYR 2.5 trillion, out of which investment loans made BYR 1.2 trillion or 45.6% of the corporate loan portfolio. Loans to individuals grew up to BYR 378.7 billion, or by BYR 81.7 billion.

Increasing of lending volumes was carried out in the framework of strict monitoring of credit risk level and quality of the loan portfolio. The share of non-performing loans made 0.2% which the admissible level set by the National Bank is not more than 2%.

Following the idea of universality, JSC "BPS-Bank" actively develops retail business offering more than 170 types of services to its customers.

The Bank continued work on development of services with the usage of banking plastic cards. The Bank issued 626.6 thousand cards including 55.1 thousand cards in the current year. The ATM network expanded, 30 new ATMs were added to 327 operating at the beginning of the year.

The Bank's performance results prove its dynamic development and efficient activity.