January 22, 2014 09:34
Sviaz Bank assets grow 30.5% to 354.6 bln rubles in 2013
MOSCOW. Jan 22 (Interfax) - Sviaz Bank (MOEX: SVZB) increased its assets by 30.5% to 354.6 billion rubles in 2013, the Russian lender said in a press release, citing its balance sheet statement.
The bank's retail loan portfolio grew 60% to 48.5 billion rubles, 70% of which consisted of mortgage loans. Retail loans as a share of the total loan portfolio increased by 2.8 percentage points to 21.4% from 18.6%.
The corporate loan portfolio rose 4% to 133 billion rubles.
Sviaz Bank's net operating income grew 22% to 10.3 billion rubles in 2013. Interest income rose 17% and interest expenditures increased by 16.1%.
The bank's net profit fell 20.6% to 1.43 billion rubles in 2013 from 1.8 billion rubles in 2012.
Retail deposits at Sviaz Bank grew 31.7% to 27.3 billion rubles, with the share of term deposits increasing from 78% to 85%. Corporate deposits jumped 57% to 216 billion rubles.
The bank's equity grew 1.7% to 41.2 billion rubles.
Sviaz Bank was Russia's 24th largest bank by assets, 63rd largest by retail deposits and 36th by retail loan portfolio at the end of the third quarter of 2013, according to the Interfax-100 ranking of the country's lenders.
(Our editorial staff can be reached at firstname.lastname@example.org)
February 06, 2016
Finance Ministry against zero VAT on domestic transportation services; govt to discuss proposal
Deputy PM Khloponin, Ministers Siluanov, Livanov removed from United Russia party's Supreme Council as part of rotation (Part 2)
Medvedev approves updated 2016 vital drugs list effective from March 1
Medvedev insists on rotation of United Russia party governing bodies (Part 2)
Medvedev proposes renewing United Russia party's leadership by one third in 2016 (Part 2)
Medvedev proposes monthly payouts of maternity capital to poor families
Investigative Committee confirms three dead in An-2 crash in Orenburg region
Medvedev: Russian govt to immediately fund programs to support employment in some regions (Part 2)
Special bonds for sterilizing banks' forex liquidity 'not bad idea' - VTB chief
Medvedev: Possible proposals on starting to print money, redistribute property unacceptable (Part 2)
Russian govt ponders privatization of big state assets through convertible bonds (Part 2)
Russian, Chinese diplomats concerned about N. Korea's plans to launch space vehicle
No pirates aboard Leon Dias tanker, Russian citizen refused to go ashore