OREANDA-NEWS. November 08, 2010. Sviaz-Bank has summed up its performance results in the third quarter of 2010. Over nine months of this year, the Bank earned a net profit of 4.1 billion rubles, including 2.02 billion rubles in the third quarter. The Bank’s equity (capital) rose to 29.5 billion rubles. Its assets yielded a 2.7% return, reported the press-centre of Sviaz-Bank.

On October 1, 2010, the Bank had a capital adequacy ratio of 23.9% (well above the 10% minimum required by the Bank of Russia).

According to the management balance sheet data for October 1, the Bank’s net assets fell to 203.8 billion rubles because of the decline of the problem assets by 23.9 billion rubles in September.

In the third quarter of 2010, the Bank continued to actively develop its retail business and showed rapid growth in the amount of loans it made to its private customers.

In July through September 2010, the Bank issued 561.8 million rubles in mortgages and 610.8 million rubles in non-purpose loans that increased the Bank’s individual loan portfolio by 1.43 billion rubles, or 50%, since the start of 2010. Over nine months of 2010, the Bank increased its mortgage loan portfolio 3.5-fold to 1.1 billion rubles. The launch of the non-purpose loan programs boosted the portfolio of non-purpose loans made to private customers by 24% to 3.1billion rubles.

The funds accepted on deposit from individuals in the third quarter of 2010 rose by 9% to 10.2billion rubles. The increase was achieved by growth in individual time deposits to 7.6billion rubles.

In the third quarter, the Bank issued over 26.5 billion rubles in loans to corporate customers. The loan portfolio of legal entities in quality categories 1 to 3 had risen by 92% to 57 billion rubles since year beginning. The Bank had lent more than 4.5 billion rubles within the program of loans to small and medium-size businesses since the start of the year, and 1.9 billion rubles in the third quarter. The guarantees given by the Bank to corporate customers in the third quarter increased by 3.2 billion rubles in value.

Balances in the accounts of corporate customers had risen by 32%, or 15.3 billion rubles, since the start of the year to over 62billion rubles on October 1, 2010.

In the third quarter, the Bank managed many initial public offerings of bonds totaling 44.5billion rubles in the real sector of the economy. The issuers included some of the largest enterprises in the power, metal, gas transportation, and mining industries such as Eurochim OJSC, Sakhatransneftegaz OJSC, SUEK OJSC, Mechel OJSC, TGC-9 OJSC, TGC-6 OJSC, and TGC-2 OJSC.

Acting on the Bank’s strategy to expand its regional network, Sviaz-Bank’s Board of Directors resolved on open a branch in Kemerovo. At present, the Bank has 49 branches and 149 additional offices and mini-branches across the Russian Federation.