OREANDA-NEWS. April 21, 2011. Sviaz-Bank has totaled up its performance in the first quarter of 2011. According to management balance sheet data as of April 1, 2011, the Bank earned a net profit of 1.6 billion rubles. It also received a net interest income of 1.3 billion rubles and a net operating income of 1.9 billion rubles, reported the press-centre of Sviaz-Bank.

The high financial performance was achieved by active promotion of customer transactions and a stable growth in the Bank’s loan portfolio.

The Bank’s net assets reached 174.6 billion rubles on April 1, 2011. The Bank’s equity capital did not change from the previous figure of 29.5 billion rubles. As of April 1, 2010, its reserve requirements equaled 21.34% (above the 10% minimum required by the Bank of Russia).

In the first quarter of 2011, Sviaz-Bank increased its portfolio of loans it had made to corporate customers in quality classes 1 to 3 by 11%, or by 7.3 billion rubles to 73.7 billion rubles.

Growth in active operations produced turnover growth as well and, as a result, growth in the balances of corporate customers’ accounts. Overall, balances in the corporate customers’ accounts rose by 11.5 billion rubles, or by 13.8%, since year beginning, to 95 billion rubles on April 1, 2011.

The funds accepted by the Bank in deposit from individuals during the first quarter of 2011 went up by 0.6 billion rubles, or by 4.9%, to 13.4 billion rubles. The Bank’s portfolio of loans to individuals topped 6.7 billion rubles, or 1.2 billion rubles or 21.3% more than it was at the start of 2011.