Victoriabank Board of Directors Held its Meeting
OREANDA-NEWS. April 22, 2013. During the General Assembly was approved the financial statement, annual report of the Board of Directors and the annual report of the Audit Commission for the financial year 2011 - 2012.
Also, it was decided to approve the targeting of profit in 2012 to Bank's capitalization.
The General Assembly reaffirmed ICS "Deloitte&Touche" Ltd. as the external auditor of the Bank for the year 2013, as well as delegating "Moldauditing" LLC to serve as the Audit Commission. At the same time, the General Assembly approves the amendments and supplements to the Statute of the Bank and the Corporate Governance Code.
In 2012 the assets of CB "Victoriabank" JSC increased by 20.5% and amounted to 10.122 million, exceeding the planned level by 11.6%. The Bank's market share in this area was 17.4% from the total banking system assets.
Loan portfolio as of 31 December, 2012 amounted to 6.040 million or 59.7% from the total assets. The Bank's market share in terms of total loans was 17.5% at the end of the year.
In 2012 the total volume of deposits in CB "Victoriabank" S.A. increased by over 20%, or 1.430 million lei and amounted to 8.216 million lei. The business plan was surpassed by 12.6%.The market share in total deposits as of the end of the reporting period was 20.6%, ranking number on the 1 position in the banking system in this chapter, which shows customer confidence in the safety of the Bank.
According to the financial results CB "Victoriabank" JSC in 2012 obtained a profit amounting to 220.7 million lei, meeting the target set in the business plan.
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