Assets of Tatfondbank Increased by 20% in 2010
OREANDA-NEWS. January 27, 2011. Tatfondbank considered its performance in 2010. The Bank’s assets have increased up to RUR 76.2 billion, or by 20%. The net assets grew by 15.6% and exceeded RUR 65.1 billion, reported the press-centre of Tatfondbank.
The amount of funds raised by the Bank grew by 18.3% and totalled RUR 51.4 billion. Of these funds, corporate account balances grew by 47.9% totalling RUR 5.4 billion, and retail deposits grew by 31.5%, up to RUR 21 billion.
The Bank’s lending portfolio grew by 7.9% totalling RUR 41 billion. The corporate lending portfolio grew by 8.9% and exceeded RUR 37.4 billion. The number of corporate customers grew by 1 500, having exceeded 18 400 organisations and individual entrepreneurs.
In 2010, the Expert RA Rating Agency has once again confirmed the ‘A’ (high level of creditworthiness) rating of Tatfondbank. The positive factors influencing the rating include the high level of credit related off-balance-sheet liabilities coverage by highly liquid assets, high probability of administrative and financial support on the part of regional authorities, the moderately high capital adequacy ratio, and some other factors.
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