OREANDA-NEWS. March 15, 2010. Regular meeting of stockholders of Priorbank JSC took place, where activity results of 2009 were totaled and main courses for 2010 were determined.

Development strategy in accounting period was aimed to support an acceptable level of credit portfolio quality, optimize transaction costs, save and improve bank’s liquidity and increase offered services’ quality.

Considering the Bank’s equity capital as the basis of reliable and safe functioning, Priorbank has increased its capital to 782 billion BYR or by 22%. The increase was fully provided by internal sources.

To support bank’s clients crediting was actively continued. As of January1st, 2010 credit portfolio accounted 3,641 billion BYR.

In tough economic environment the Bank has sustained the volume of corporate business equal to 2,6 trillion BYR and controlled its reduction in comparison with level of 2008.

Comprehensive support of small and medium-sized enterprises (SME) was provided in 2009. Priorbank was the first Belarusian bank to provide SMEs with Cash Pooling services. Due to it 2,719 new clients were attracted. As a result, clients data has increased by 17,2%.

PI business has actively developed. Deposits to private individuals increased by 416 billion BYR or by 56%. The Bank market share in this segment grew from 5,6% to 6,3%. One of the main priorities of 2009 was to develop service for the retired. A new product has been launched – card account “Pensionary”, which is quick, convenient and favorable way to receive pension. During this year The Bank opened more than 26,000 accounts for retirees.

In 2009 a significant work to optimize and standardize active banking services centers was held. The Bank’s call-center widened its services. An electronic payment system “Client-bank” was being developed and mobile banking network was optimized. A lot of work was involved in Internet-banking development and a new user-friendly electronic payment systems of SMS- and USSD-banking.

The profit in 2009 amounted to 171 billion BYR. ROE is 25%.

In 2010 the main priorities for the Bank are to raise bank’s financial stability and solidity, to develop comprehensive cooperation with clients, to realize decreasing policy of transaction costs, to optimize business process, to increase banking services and their availability for clients.