BANK URALSIB Reported 1Q 2009 Financial Results under RAS
OREANDA-NEWS. On 07 May 2009 BANK URALSIB (URALSIB or Bank) (RTS: USBN) reports on its IQ2009 financial resulted under Russian Accounting Standards (RAS).
Net loss of the Bank reached 1.7 bln rubles during January-March 2009 vs net income of 1.7 bln rubles y-o-y 2008.
Considerable expenses on allowances for impairment for loan losses (3.6 bln rubles) in the reporting period became a key factor, which influenced negatively the IQ2009 financial results.
However, the Bank showed positive financial results totaling 194 mln rubles in March 2009.
The Bank's financial results before allowances for impairment and taxes amounted to 2.0 bln rubles in IQ2009, thus displaying steady growth vs the previous reporting quarters.
Net interest income amounted to 4.7 bln rubles, net fee and commission income - 1.5 bln rubles during 3 months 2009.
During the reporting period net operating income of the Bank reached 2.8 bln rubles, net gains from securities - 154 mln rubles and net gains from foreign currencies - 550 mln rubles.
During 31.12.2008 - 31.03.2009 the Bank's assets remained at the previous level of 426.6 bln rubles. The loan portfolio reduced to 237.4 bln rubles y-t-d (by 10.3%). At that loans to individuals shrank insignificantly to 82.0 bln rubles (by 0.8% y-t-d), loans to corporates - to 155.4 bln rubles (by 14.6% y-t-d).
BANK URALSIB asset structure underwent qualitative positive changes in regards to the Bank's liquidity. Loan portfolio/ customer accounts ratio also decreased to 113% as of 31.03.2009 vs 124% as of 31.12.2008. The share of liquid assets in net assets of the Bank remained at 15% level that is almost 2 times more y-o-y.
Customer accounts1 amounted to 210.4 bln rubles as of 31.03.2009, demonstrating minor dynamics vs y-t-d, whereas individuals accounts increased to 72.5 bln rubles (13.4% growth); in particular, term deposits of individuals grew up by 20.6%.
BANK URALSIB IQ2009 financial results under RAS
30.04.2009
Net loss of the Bank reached 1.7 bln rubles during January-March 2009 vs net income of 1.7 bln rubles y-o-y 2008.
Considerable expenses on allowances for impairment for loan losses (3.6 bln rubles) in the reporting period became a key factor, which influenced negatively the IQ2009 financial results.
However, the Bank showed positive financial results totaling 194 mln rubles in March 2009.
The Bank's financial results before allowances for impairment and taxes amounted to 2.0 bln rubles in IQ2009, thus displaying steady growth vs the previous reporting quarters.
Net interest income amounted to 4.7 bln rubles, net fee and commission income - 1.5 bln rubles during 3 months 2009.
During the reporting period net operating income of the Bank reached 2.8 bln rubles, net gains from securities - 154 mln rubles and net gains from foreign currencies - 550 mln rubles.
During 31.12.2008 - 31.03.2009 the Bank's assets remained at the previous level of 426.6 bln rubles. The loan portfolio reduced to 237.4 bln rubles y-t-d (by 10.3%). At that loans to individuals shrank insignificantly to 82.0 bln rubles (by 0.8% y-t-d), loans to corporates - to 155.4 bln rubles (by 14.6% y-t-d).
BANK URALSIB asset structure underwent qualitative positive changes in regards to the Bank's liquidity. Loan portfolio/ customer accounts ratio also decreased to 113% as of 31.03.2009 vs 124% as of 31.12.2008. The share of liquid assets in net assets of the Bank remained at 15% level that is almost 2 times more y-o-y.
Customer accounts1 amounted to 210.4 bln rubles as of 31.03.2009, demonstrating minor dynamics vs y-t-d, whereas individuals accounts increased to 72.5 bln rubles (13.4% growth); in particular, term deposits of individuals grew up by 20.6%.
BANK URALSIB IQ2009 financial results under RAS
30.04.2009
Net loss of the Bank reached 1.7 bln rubles during January-March 2009 vs net income of 1.7 bln rubles y-o-y 2008.
Considerable expenses on allowances for impairment for loan losses (3.6 bln rubles) in the reporting period became a key factor, which influenced negatively the IQ2009 financial results.
However, the Bank showed positive financial results totaling 194 mln rubles in March 2009.
The Bank's financial results before allowances for impairment and taxes amounted to 2.0 bln rubles in IQ2009, thus displaying steady growth vs the previous reporting quarters.
Net interest income amounted to 4.7 bln rubles, net fee and commission income - 1.5 bln rubles during 3 months 2009.
During the reporting period net operating income of the Bank reached 2.8 bln rubles, net gains from securities - 154 mln rubles and net gains from foreign currencies - 550 mln rubles.
During 31.12.2008 - 31.03.2009 the Bank's assets remained at the previous level of 426.6 bln rubles. The loan portfolio reduced to 237.4 bln rubles y-t-d (by 10.3%). At that loans to individuals shrank insignificantly to 82.0 bln rubles (by 0.8% y-t-d), loans to corporates - to 155.4 bln rubles (by 14.6% y-t-d).
BANK URALSIB asset structure underwent qualitative positive changes in regards to the Bank's liquidity. Loan portfolio/ customer accounts ratio also decreased to 113% as of 31.03.2009 vs 124% as of 31.12.2008. The share of liquid assets in net assets of the Bank remained at 15% level that is almost 2 times more y-o-y.
Customer accounts1 amounted to 210.4 bln rubles as of 31.03.2009, demonstrating minor dynamics vs y-t-d, whereas individuals accounts increased to 72.5 bln rubles (13.4% growth); in particular, term deposits of individuals grew up by 20.6%.
BANK URALSIB IQ2009 financial results under RAS
30.04.2009
Net loss of the Bank reached 1.7 bln rubles during January-March 2009 vs net income of 1.7 bln rubles y-o-y 2008.
Considerable expenses on allowances for impairment for loan losses (3.6 bln rubles) in the reporting period became a key factor, which influenced negatively the IQ2009 financial results.
However, the Bank showed positive financial results totaling 194 mln rubles in March 2009.
The Bank's financial results before allowances for impairment and taxes amounted to 2.0 bln rubles in IQ2009, thus displaying steady growth vs the previous reporting quarters.
Net interest income amounted to 4.7 bln rubles, net fee and commission income - 1.5 bln rubles during 3 months 2009.
During the reporting period net operating income of the Bank reached 2.8 bln rubles, net gains from securities - 154 mln rubles and net gains from foreign currencies - 550 mln rubles.
During 31.12.2008 - 31.03.2009 the Bank's assets remained at the previous level of 426.6 bln rubles. The loan portfolio reduced to 237.4 bln rubles y-t-d (by 10.3%). At that loans to individuals shrank insignificantly to 82.0 bln rubles (by 0.8% y-t-d), loans to corporates - to 155.4 bln rubles (by 14.6% y-t-d).
BANK URALSIB asset structure underwent qualitative positive changes in regards to the Bank's liquidity. Loan portfolio/ customer accounts ratio also decreased to 113% as of 31.03.2009 vs 124% as of 31.12.2008. The share of liquid assets in net assets of the Bank remained at 15% level that is almost 2 times more y-o-y.
Customer accounts1 amounted to 210.4 bln rubles as of 31.03.2009, demonstrating minor dynamics vs y-t-d, whereas individuals accounts increased to 72.5 bln rubles (13.4% growth); in particular, term deposits of individuals grew up by 20.6%.
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