Sviaz-Bank Ranked 18th among Banks with Biggest Profits
OREANDA-NEWS. September 07, 2011. Profil (Profile) magazine has published its rankings of banks that made the biggest profits over six months of this year, placing Sviaz-Bank 18th with a profit of over 2 billion rubles it made by stepping up customer transactions and achieving high rates of growth of its loan portfolio, reported the press-centre of Sviaz-Bank.
According to the magazine’s estimates, the Bank had 123.5 billion rubles in net assets on July 1, 2011, enough for the Bank to place 31st in the Top 200 rankings, with a rise in its equity capital to qualify it for 21st place.
Over the six months of this year, Sviaz-Bank had built up its portfolio of loans to corporate customers to a level entitling it to 24th place among banks that had issued the largest amounts of loans to private companies by July 1, 2011.
The Bank keeps up demonstrating its reliability that rests on its high profit rates and large equity, the magazine’s analysts say.
The figures cited above were calculated by the magazine’s own techniques and may be different from the Bank’s official figures calculated by the techniques of the Bank of Russia.
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