31.01.2011, 09:44
Bank Moscow-Minsk Presents Its Financial Results
OREANDA-NEWS. January 31, 2011. According to the 2010 year results Bank Moscow-Minsk showed dynamic growth of the key financial parameters. On January 01, 2011, the Bank’s gross total assets reached the mark of BYR 2 513.3 billion, what by 39,9% exceeded the appropriate figure as at December 31, 2009, reported the press-centre of Bank Moscow-Minsk.
For the reporting period the resource base, calculated according to the approached approved by the National bank of the Republic of Belarus reached BYR 1 885,8 billion.
On January 01, 2011, the loan portfolio of Bank Moscow-Minsk grew to BYR 1 267,5 billion, increased by 32.6% to the figure of the portfolio as at December 31, 2009. Corporate loan portfolio increased by 50,8% and reached BYR 838,7 billion. On January 01, 2011, corporate loan portfolio constituted 66,2% of aggregate loan portfolio of the Bank. The volume of retail loans for the reporting period grew to BYR 432,2 billion, having increased by 8,1% in comparison to the figure as at December 31, 2009.
For the reporting period the volume of deposits attracted from corporate clients increased by 24,6% and amounted to BYR 656,8 billion, retail deposits increased by 10,9% and reached BYR 332,8 billion.
Equity capital for 2010 year (according to local regulatory standards) increased by 31,4% and constituted to BYR 249,6 billion.
The Bank’s financial performance during the 2010 year resulted in the increase in after tax profit up to BYR 63,9 billion, what exceeds the after tax profit reported for the same period in the previous year by 26,3 %.
The above results allowed the bank to strengthen its positions as one of the most efficient and dynamic financial institution in the Republic of Belarus.
At present time the Moody's Investors Service assigned the following global scale ratings to Bank Moscow-Minsk: Ba3 long-term local currency and B2 long-term foreign currency deposit ratings, Not-Prime (NP) short-term foreign and local currency deposit ratings, and an E+ bank financial strength rating (BFSR).
For the reporting period the resource base, calculated according to the approached approved by the National bank of the Republic of Belarus reached BYR 1 885,8 billion.
On January 01, 2011, the loan portfolio of Bank Moscow-Minsk grew to BYR 1 267,5 billion, increased by 32.6% to the figure of the portfolio as at December 31, 2009. Corporate loan portfolio increased by 50,8% and reached BYR 838,7 billion. On January 01, 2011, corporate loan portfolio constituted 66,2% of aggregate loan portfolio of the Bank. The volume of retail loans for the reporting period grew to BYR 432,2 billion, having increased by 8,1% in comparison to the figure as at December 31, 2009.
For the reporting period the volume of deposits attracted from corporate clients increased by 24,6% and amounted to BYR 656,8 billion, retail deposits increased by 10,9% and reached BYR 332,8 billion.
Equity capital for 2010 year (according to local regulatory standards) increased by 31,4% and constituted to BYR 249,6 billion.
The Bank’s financial performance during the 2010 year resulted in the increase in after tax profit up to BYR 63,9 billion, what exceeds the after tax profit reported for the same period in the previous year by 26,3 %.
The above results allowed the bank to strengthen its positions as one of the most efficient and dynamic financial institution in the Republic of Belarus.
At present time the Moody's Investors Service assigned the following global scale ratings to Bank Moscow-Minsk: Ba3 long-term local currency and B2 long-term foreign currency deposit ratings, Not-Prime (NP) short-term foreign and local currency deposit ratings, and an E+ bank financial strength rating (BFSR).
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