OREANDA-NEWS. April 19, 2010. OAO AIKB Tatfondbank considered its performance in the first quarter of 2010. The Bank’s assets increased by 11.6% over this period and totalled RUR 70.9 billion. Its net assets grew by 9.4% to-talling RUR 61.6 billion, reported the press-centre of Tatfondbank.

The amount of funds attracted by the Bank increased by RUR 5 billion. Retail deposits grew by RUR 2.1 billion and exceeded RUR 18.1 billion. The funds attracted from corporate entities grew by RUR 2.4 billion up to RUR 14 billion. The Bank’s net profit totalled RUR 19.1 million.

The growth of the Bank’s assets in the first quarter is connected with the inflow of new customers represented by both depositors and corporate entities. A certain reduction of the net profit is ex-plained by the increased expenses related to funds attracted as a result of exchanging the existing and issue of new Eurobonds. The Bank plans to use a major portion of the attracted funds primar-ily for the lending of small- and medium-sized businesses in the Republic of Tatarstan, and for the financing of medium-term investment projects of the Bank.