OREANDA-NEWS. March 23, 2009. Annual General Assembly of Shareholders of JSC “Belarussian Industrial Bank” was conducted, reported the press-centre of Belarussian Industrial Bank.

Andrey E.Kireev, Chairman of the Board, delivered the main report “About the results of JSC “Belarussian Industrial Bank” in 2008 and Program for its Development for 2009”. Passed year was resulting for the Bank. Currency of the Bank’s balance totaled to 190.6 billion Belarusian rubles, having increased during the year by 68.5 billion Belarusian rubles. Assets reached 150.8 billion Belarusian rubles, having increased in 1.5 times.

Resource base have increased in 1.7 times – to 109.1 billion Belarusian rubles. Bank’s balance profit as at 01.01.2009 totaled to 3.6 billion Belarusian rubles. Bank’s equity has increased in 1.2 times during the year in comparison with analogous period of the previous year and as at 01.01.2009 totaled to 41.7 billion Belarusian rubles 9or 13.5 million euro).

Main source of the equity growth during the passed year was Bank’s profit. Authorized capital has increased by 6.3%, and as at the beginning of 2009 it totaled to 17.0 billion Belarusian rubles (5.5 million euro). During the year 2009 JSC “Belarussian Industrial Bank” performed all the norms of development established by the National bank of the Republic of Belarus.

In his report Chairman of the Board Andrey E.Kireev has also marked among the important positive results of activity – credit portfolio growth – during 2008 it increased in 1.7 times, at the same time the portion of problem debts at assets, subjected to credit risk, was only 0.8%, this fact witnessed the balanced credit policy of the Bank. Among the biggest investment projects of the Bank is financing of building constructions in the capital and in the regions, of production of constructing materials, medicines, wholesale etc.

Passed year was marked for the Bank by the widening of the license authorization in attraction of funds of population and participation at realization of “Conception of retail banking services development in the Republic of Belarus”. Attractive conditions for customers allowed the Bank to increase individuals deposit portfolio, and as at the beginning of the year it totaled to 6.9 billion in Belarusian rubles equivalent.

Speaker has analyzed Bank’s work during 2008 in all the activities and made the conclusion: in the modern uneasy conditions of world financial crisis JSC “Belarussian Industrial Bank” not only maintained the competitive positions at banking sphere of the country, but also the Bank moves forward.

Shareholders accepted the Board’s activity in 2008 to have been good, and approved annual report for 2008, as well as “Program for Development of JSC “Belarussian Industrial Bank” for 2009”, its main directions provide further increase of Bank’s authorized capital and equity, increase in crediting for the economy, enlargement of customers base, introduction of new banking products and services. Norms of distribution of net profit for 2009 were approved, quarterly payment of dividends on privileged shares was approved at 14% p.a.

The shareholders elected the Supervisory Board consisting of three people. Vladislav A.Kotsarenko has been reelected the Chairman of the Supervisory Board.

For all the issues, that were considered at General Assembly of Shareholders, appropriate decisions were made.