B&N Bank Ranked among Most Reliable Russian Banks
OREANDA-NEWS. December 13, 2010. As of October 1, 2010 B&N Bank was ranked 4 th and was included in TOP-5 most reliable banks among 100 biggest Russian banks according to ratings of business weekly magazine “Profile” (No. 45 dated 06.12.2010). Calculation of the reliability ratio is based on the bank’s capital adequacy level, liquidity profile, volume of working assets and on-call liabilities, period of the bank’s presence on the banking market and other financial highlights, reported the press-centre of B&N Bank.
It should be noted that the Bank’s capital has grown by 17.1% since the beginning of the year. As of November 1, 2010 total capital amounted to RUB 10.1 bln. Corporate funds increased by 68.5% up to RUB 22.6 bln. and individual funds increased by 17.6% up to RUB 51.9 bln. that enabled the Bank to diversify its funding base.
B&N Bank has substantially extended its lending activity for the past 10 months of 2010: total loan portfolio has increased by 21.3% totaling RUB 50.9 bln.
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