OREANDA-NEWS. August 13, 2008. According to the results of operations the bank has obtained a profit amounting to 53.7 billion roubles, which is 1.6 times higher than in the similar period of the previous year. The return on the bank’s equity amounted to 28.1%, the return on assets to 2.4%, reported the press-centre of Priorbank.
 
The bank’s own equity reached 422 billion roubles as of July 1, 2008. In May of this year Priorbank increased the authorised fund from 102.8 billion roubles to 270 billion roubles, or by 160%. This increase was performed at the expense of internal sources by increasing the nominal value of shares from 1,275 roubles to 3,350 roubles.
 
The bank’s net assets amounted to 4,826 billion roubles or 1.4 billion euros. The bank’s assets grew by 12 % from the beginning of the year.
 
The credit portfolio increased by 636 billion roubles, or by 23%, from the beginning of the year and reached of 3,364 billion roubles. The share of loans in the bank’s assets amounted to 70%. The share of bad debt in the credit portfolio amounted to 1.6%.
 
Within the credit portfolio, long-term loans amounted to 41% or 1,388 billion roubles. The majority of which (74%) has been issued to customers in foreign currencies.
 
The bank’s deposit base grew by 20% from the beginning of the year and amounted to 3,603 billion roubles as of July 1, 2008. The funds of legal persons amounted to 1,419 billion roubles, or 39% of the bank’s resource base, whereas individuals’ deposits amounted to 725 billion roubles or 20%. The growth of short-term deposits of legal persons amounted to xy million roubles or 26%. Individuals’ deposits grew by xy million roubles or 33%. 

Deposits from banks amounted to xy billion roubles or 41% of the bank’s resource base. The principal volume of interbank resources is formed by foreign-currency resources attracted from foreign banks to finance loan projects of large state enterprises, small and medium-business enterprises, and individuals.