B&N Bank Presents Financial Performance in 1H
OREANDA-NEWS. July 19, 2012. In the first half of this year the Bank demonstrated the growth of main financial figures, reported the press-centre of Promsvyazbank.
During 6 months of 2012 corporate loan portfolio of the Bank increased by 16% up to RUB 70.4 bn. Growth amounted RUB 9.7 bn. which was higher than in the first half of 2011. In line of its business strategy the Bank continues to pay considerable attention to SME lending for further diversification of loan portfolio of the Bank and growth of profitability of lending.
Volume of liabilities attracted from corporate clients increased by 10%. Growth amounted RUB 3.6 bn. At the same time there was a positive dynamic of affluence of new client base. In the first half of 2012 the Bank attracted 5 100 new corporate clients and individual entrepreneurs.
Retail loan portfolio of the Bank increased by 7%. Growth amounted RUB 0.6 bn. Present business strategy of the Bank purports further growth of retail loan portfolio. Volume of retail liabilities as of July 01, 2012 increased by 7% up to RUB 71.4 bn. Growth amounted RUB 5.9 bn.
For the first half of 2012 pre-tax profit in accordance to RAS amounted RUB 362 mln.
As at July 01, 2012 shareholders’ equity amounted RUB 14.8 bn. CBR capital adequacy ratio (N1) fixed at 11.88%. At the beginning of the second half of the year it is planning to increase shareholders’ equity (Tier I) based on registered additional issue of shares for the amount RUB 3 bn.
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