OREANDA-NEWS. March 30, 2010. The General Meeting of Shareholders of JSC “BPS-Bank” summed up the performance results of the Bank for 2009. The Bank showed profitable and effective results as well as growth of key figures.

In 2009 the Bank’s assets grew by 13.3% and exceeded BYR 5 trillion. The Bank continued to actively provide loans to the productive sector of the economy. In 2009 over BYR 7.7 trillion in loans was directed to the productive sector of the economy, which is by 13.4% more than in 2008. The loan portfolio increased by 18.3% to BYR 3.6 trillion and preserved its high quality. As of January 1, 2010 the share of bad debt in the customers’ loan portfolio amounted to 0.9%. The volume of reserves created by the Bank increased in 2009 and exceeded the volume of non-performing loans by 2.5 times.

In 2009 the Bank's equity increased by BYR 88 billion or 13.1% due to capitalization of profit and reached BYR 761.7 billion. Capital adequacy made 17.3%. In 2009 the Bank accumulated BYR 84 billion of net profit.

The General Meeting of Shareholders ratified the Annual Report 2009, distribution of profit for the reported year and established objectives for the current year.

Allocations to the dividends’ fund totaled BYR 12 596.8 million or 15% of profit. Based on the amount of the established dividends' fund and number of shares in accordance with the decision of the General Meeting the amount of dividends per share made:

for preference shares - BYR 20,

for common shares – BYR 14.

The list of individuals eligible to receive dividends is drawn up in accordance with the Register of Shareholders of JSC “BPS-Bank” as of March 1, 2010.

Dividend payout for common and preference shares will be executed by April 19, 2010.

Among 32 banks operating in the banking sector, JSC "BPS-Bank" accounts for 6% of all banking assets, 9% of obtained customers’ funds, 5.4% of loans to the economy and 5.8% of equity.

The dynamic development, financial stability, high quality of assets and growth of performance parameters of the Bank are confirmed by the ratings assigned to it by the international rating agencies Fitch Ratings, Moody’s Investors Service and Standard & Poor’s.

On the basis of the performance results for 2009 and the key objective of strengthening its positions in all spheres of the banking sector, in 2010 with the support of Sberbank the Bank plans to further increase the volumes of credit support to the enterprises of the productive sector of the economy, promote cooperation with small and medium business and continue the development of the retail business.