OREANDA-NEWS. July 20, 2012. Sviaz-Bank has totaled up its performance over six months of this year. In 2012, the Bank has given priority to sustaining the rates it has built up in developing its principal business areas – retail, corporate, and investment, to name just three most important. Over the two quarters of 2012, the Bank had earned 0.5 billion rubles in net profit, reported the press-centre of Sviaz-Bank.     

By July 1, 2012, the Bank had 252.3 billion rubles in net assets, 22.8 billion rubles, or 9.9%, more than it had at year beginning; the Bank’s equity had risen to 37.7 billion rubles, and its equity (capital) adequacy ratio stood at 15.04%.

Expanding cooperation with its current corporate customers, one-stop customer banking services, and the rollout of modern high-tech cash handling services packaged with lending and investment banking products were the principal factors that had driven up the Bank’s assets. Specifically, Sviaz-Bank had built up a portfolio of loans to corporate customers by 10.3%, or 11.2billion rubles, to 120.4 billion rubles, over six months of 2012.

At the end of the six-month period of 2012, the accounts of the Bank’s corporate customers showed a total balance of 112 billion rubles. The balance in the corporate customers’ deposit accounts had risen by 10.0%, or 6.4 billion rubles, to 70.4 billion rubles, from year beginning.

The portfolio of loans to small and medium-size businesses had been growing fastest of all, going up by 83.4% to 11.5 billion rubles since the start of the year owing to improvements and automation in loan products and specialized packages of services. The Bank regards this customer segment as a promising avenue of banking business development.

The size of loans made to, and deposits accepted from, individuals had grown in 2012 as well. The portfolio of loans the Bank had made to individuals since January 1 had grown by 33.5%, or 4.8 billion rubles, to 19.1 billion rubles. The funds accepted by the Bank on deposit from individuals had grown by 17.1% since year beginning to 19.7 billion rubles. In the second quarter of this year, the Bank was awarded the prestigious Financial Olympus 2011 national financial prize in the Retail Bank nomination for its dynamic and efficient business.

In turn, transactions with small and medium-size businesses and individuals that are growing at the highest rates of all help the Bank to diversify and improve the efficiency of its business.

The Bank is among the leaders in the bond issue management and offering market. Its total management quota in the bond issue offering market ran up to 12.5 billion rubles over six months. In 2012, the Bank has offered two of its new bond issues at a total par value of 10billion rubles.