OREANDA-NEWS. March 16, 2009. IFRS net profit of JSC "BPS-Bank" totalled BYR 64.4 billion for 2008 increased by 20.1% compared with BYR 53.6 billion for 2007, reported the press-centre of BPS-Bank.

Operating profit for 2008 totalled BYR 101.3 billion, up 22.7% from 2007.

Net interest income before provision for 2008 amounted to BYR 129.6 billion up 19.3% from 2007.

Net non-interest income was BYR 223.3 billion in 2008, up 49.3% from 2007.

The loan portfolio, before provision increased by 39.0% from BYR 2,174.3 billion in 2007 up to BYR 3,022.1 billion at the year-end 2008.

Total assets amounted to 4,241.9 billion at the year-end 2008, assets growth rate was 22.8%.

The equity grew up by 2.0 times compared with the beginning of 2008 and reached BYR 557.3 billion.

The Capital Adequacy ratio (CAD) was 16.6% at the year-end 2008.

Return on equity (ROE) made 15.5 %. Return on assets (ROA) made 1.7%.

The Bank's sustainable growth in 2008 was 13.3%.

In 2008 the Bank strengthened its operating efficiency. Cost-to income ratio before provision for the year was 55.4% which is by 4.4 pp less than in 2007.