OREANDA-NEWS. March 3, 2008. In 2007, per URSA Bank management estimates, assets increased by 1.6 times since 2006YE,  reaching $6.8 billion. The shareholders equity grew by 2.1 times over the same period and amounted to $1.2 billion.

As of December 31, 2007, the Bank’s profit was $150.3 million, or 180% higher compared to 31 December 2006. The loan portfolio increased two-fold. The 90-day NPLs were at 4.2% and covered by provisions at 108%.

As of December 31, 2007, the total deposit portfolio of the Bank reached $2.2 billion, thus increasing by 1.6 times since the beginning of the year.

The Cost to Income Ratio improved from 50% in 2006YE to 45%, demonstrating the Bank’s focus on efficiency and high pace of income growth.