OREANDA-NEWS. July 21, 2011. Sviaz-Bank totaled up the basic results of its performance in the six months of 2011. The Bank’s vigorous development of all types of customer transactions and growth of its loan portfolio helped it earn 2.5 billion rubles in net profit, reported the press-centre of Sviaz-Bank.

According to its books, the Bank had 176.7 billion rubles in net assets on July 1, its equity (capital) having increased to 34.8 billion rubles and its equity (capital) adequacy reached 21.8%.

Through 2011, Sviaz-Bank continued to give focus to the growth rates of its corporate loan portfolio, a way ahead of the market. In the six months of 2011, Sviaz-Bank increased its portfolio of loans made to legal entities by 24.8%, or by 18.1 billion rubles to 90.8 billion rubles. Transactions with individuals went ahead at similarly fast rates, with loans to customers in this category having increased by 39.1% since year beginning.

Expansion of the customer base has contributed to growth in the balances of legal entities’ accounts to 93.9 billion rubles, up 12.5%, or 10.4 billion rubles, from the figures at year beginning.

New products and services rolled out for individuals helped the Bank to almost double its portfolio of loans given to this class of customers to above 9.3 billion rubles since January 1. The funds accepted by the Bank from individuals on deposit have grown by 8.9%, or 13.9 billion rubles, since year beginning. News consumer credit and mortgage programs have been introduced since early 2011, car loan programs have been launched, and the Internet banking system has been improved.

Over the six months of this year, Sviaz-Bank has fortified its positions in the bond issue management and offering market. The Bank has been involved in floating bond issues totaling 108.2billion rubles since the start of the year. The Bank is also a major investor in corporate bonds on the Russian market – on July 1, it had 35.6 billion rubles in its portfolio of corporate bonds.

The Bank is also active in the bullion market. In the six months of 2011, the Bank has contracted gold mining companies for purchasing 1.6 tons of gold, more than it bought from them in all of2010.