OREANDA-NEWS. On 18 May 2009 BANK URALSIB (URALSIB or Bank) (RTS: USBN) reports on its April 2009 financial results under Russian Accounting Standards (RAS).

Net income of the Bank reached 215 mln rubles in April 2009 vs the Bank’s March 2009 financial result of 194 mln rubles (11% growth).

Considerable growth of the operating income up to 2.0 bln rubles or by 55% vs March 2009, became a key factor, which influenced positively April 2009 financial results.

Net operating income reached 4.8 bln rubles during 4 months 2009. During the reporting period net interest income amounted to 5.9 bln rubles, net fee and commission income – 2.0 bln rubles. During January-April the Bank’s net gains from securities and foreign currencies amounted to 788 mln rubles. The share of core banking income1 in net operating income structure reached 89%.

The Bank’s assets grew up by 9% up to 463.0 bln rubles y-t-d.

Customer accounts2 amounted to 263.5 bln rubles as of 30.04.2009, demonstrating significant dynamics y-t-d (23% growth). At that corporates accounts increased to 189.7 bln rubles (26% growth), individuals accounts amounted to 73.8 bln rubles (16% growth).

Rise of the Bank’s liquid recourses by 49% y-t-d became a key growth driver of the Bank’s assets.

The Bank’s loan portfolio shrank by 15% to 224.1 bln rubles.

As consequence BANK URALSIB asset structure underwent qualitative positive changes in regards to the Bank’s liquidity. Loan portfolio/customer accounts ratio also decreased to 85% as of 30.04.2009 vs 124% as of 31.12.2008.