Net profit of the Bank “Saint Petersburg” on results in 2009 under RAS decreased in 2,2 times to 1,4 billion rubles
Feb 24th, 2010 | By admin | Category: Company NewsIn 2009 the assets of the Bank "Saint Petersburg" has increased by 10,9% and on 1 January 2010 amounted to 239.3 billion rubles against 215.8 billion rubles on Ja1000nuary 1 last year.
Equity Bank, calculated in accordance with the methodology of CBR, for 2009 grew by 45,7% compared with January 1, 2009, amounting to 33.1 billion rubles on January 1, 2010. As a result, the bank"s capital adequacy ratio (N1) on 1 January 2010 amounted to 15,1%, an increase of 1.4 percentage points compared with October 1, 2009 and by 2,1 percentage points compared to January 1, 2009.
Financial result before tax on profits received by the Bank in 2009 amounted to 1.8 billion rubles, down 63.4% compared with the result of last year. The main factor behind the decrease in profit was the increase in reserve for possible loan losses from 4.4 billion to 13.5 billion rubles (208,8%), the report said the bank.
On January 1, 2010 revenues totaled 34.7 billion Bank of rubles, an increase of 53,8% compared with the results of last year. Interest income increased by 36,1% compared to the Year 2009 and amounted to 26 billion rubles. Fee and commission income amounted to 1.8 billion rubles, as against 1.7 billion rubles for 2008 (5.2%). Net profit amounted to 1.4 billion rubles, as against 3.08 billion rubles a year earlier.
At 1 January 2010 the volume of borrowed funds of clients, taking into account issued debt obligations amounted to 185.6 billion rubles, an increase of 19,4% compared with January 1, 2009. The volume of legal entities amounted to 126.4 billion rubles (17,9% compared with January 1, 2009). Individuals" funds amounted to 59.1 billion rubles (22,8% compared with January 1, 2009). Loans, deposits and other means of CBR on January 1, 2010 amounted to 8.6 billion rubles, as against 29.4 billion rubles on January 1, 2009 (-70.8%).
At 1 January 2010 the volume of loans to customers amounted to 166 billion rubles (14,7% compared with January 1, 2009). As of January 1, 2010 the share of overdue loans amounted to 4,61% of the loan (0.47% on January 1, 2009), while the level of cover bad debts reserves of 176%. German authorities with unprecedented activity of buying shares in the brook record losses of private banks ...
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