OREANDA-NEWS. July 28, 2009. URSA Bank is pleased to announce the release of IFRS financial statements for the first quarter of 2009. The total assets at March 31, 2009 were RUB 202.7bn, growing by 14.3% year on year. The shareholders’ equity also grew by 15.7% and reached RUB 28.2bn, taking the capital adequacy ratio to 15.7%, or nearly twice the requirement of Basel Committee.

The Bank’s net loan portfolio was RUB 120.8bn, of corporate loans were RUB 54.9bn and retail were RUB 65.9bn. The NPLs of 90 day and over were at 9.7% of gross loans, fully covered by provisions.

Customer accounts reached RUB 62.8bn, or up by 10% vs. Q1’2008.

Comprehensive income for the period totaled RUB 156.1mln.