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.
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