IDGC North-West Reduced Value of Loan Portfolio to 27.5%
OREANDA-NEWS. August 25, 2011. IDGC North-West has reduced the value of the loan portfolio from 4 651.5 million rubles on 12/21/2010 to 3 371.3 million rubles. on 6/30/2011. The share of long-term loans in the portfolio was 95.6% (at the beginning of 2010, long-term loans accounted for 60.3% of portfolio). This ratio was the result of credit portfolio management, focused on attracting long-term loans, cheaper to maintain.
Reducing the loan portfolio will not affect the performance of investment program of the company. In order to borrowing for financing investment programs 2011 of the branches, switched to the RAB and increasing of working capital, IDGC North-West will hold an open auction for contract for the provision of financial services by opening lines of credit and providing credit on August 18, 2011.
quarterly report (for the II quarter of 2011) contents the information about the credit portfolio of IDGC North-West. This information is published on the official website of the company ("Information Disclosure " "Information for Shareholders and Investors").
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