OREANDA-NEWS. October 19, 2011. Sviaz-Bank has totaled up its core performance results for nine months of 2011 that spotlight once again its high growth rates in all areas of banking. The Bank’s net profit had grown to 4.1billion rubles since year beginning, with net interest income having risen to 4.3 billion rubles and net commission earnings, to 1.2 billion rubles, reported the press-centre of Sviaz-Bank.

According to its published report, the Bank’s assets had reached 186 billion rubles by October1, 2011, and its equity capital had risen to 35 billion rubles. The Bank’s equity capital adequacy ratio now stands at 19.0%, almost double the 10% minimum required by the Bank of Russia.

The Bank’s active lending policy toward its corporate and retail customers has helped it fortify its positions in the corporate and retail loan market.

Over nine months of 2011, Sviaz-Bank had built up its portfolio of loans made to its corporate customers by 20%, or by 17.9 billion rubles, to 90.6 billion rubles. The scale of its transactions with individual entrepreneurs had grown by 38% to 1.1 billion rubles. The Bank’s portfolio of loans given to individuals had grown by 120% since January 1, 2011, to 12 billion rubles.

The new customers the Bank had recruited contributed to the growth of balances in the corporate customers’ accounts to 91.7 billion rubles, 9% or 8.3 billion rubles up from what they were at year beginning. The funds the Bank accepted from individuals had grown by 13% to 14.6 billion rubles.

Over three quarters of 2011, the Bank had been involved in managing bond issue offerings at a total nominal value of 105.2 billion rubles.