OREANDA-NEWS. June 15, 2012. In 2011 Uniastrum Bank’s net interest income totaled Rb 4.8 bn, or a 14.5% improvement compared with 2010. In the reporting period, total net assets increased 4.8% to Rb 89.8 bn as of year-start 2012. Meantime equity capital rose 5.8% to Rb 9.8 bn, while capital adequacy ratio stood at 13.31% as of January 1, 2012, reported the press-centre of Uniastrum Bank.  

Uniastrum’s overall credit portfolio expanded 6.25% in 2011, tipping the scales at Rb 69.3 bn as of year-start 2012. Over the same period the Bank’s business credit portfolio grew 15% to over Rb 52.6 bn, and its small business credit portfolio swelled 49% to Rb 12 bn.

Uniastrum’s main funding source still derives from client accounts, whose share in the Bank’s total liabilities increased 8% in the reporting year, amounting to 67% as of January 1, 2012. At the same time, Uniastrum’s overall deposit portfolio improved 18.5%, weighing in at Rb 54 bn as of year-start 2012, with retail deposits growing 23% to Rb 36 bn, and business deposits 10.4% to Rb 18 bn.

“Credit portfolio growth in 2011 was driven primarily by corporate borrowing. This year we plan to focus heavily on retail lending and building relationships with the SME community,” notes Uniastrum Bank President Gagik Zakaryan. “First-quarter results for our consumer credit portfolio, one of our priority retail segments, show an 11% improvement, and we anticipate sustaining this growth dynamic the entire year.”