Bank Moscow-Minsk Presents Its Current Financial Result
OREANDA-NEWS. July 20, 2010. Gross total assets of the bank compared with the year 2009 remained unchanged and amounted to BYR 1 790.6 billion, reported the press-centre of Bank Moscow-Minsk.
For the reporting period the resource base, calculated according to the approached approved by the National bank of the Republic of Belarus, increased by 17,7% to BYR 1 366,2 billion.
On July 01, 2010, the loan portfolio of Bank Moscow-Minsk grew to BYR 1 048,9 billion, increased by 9.7% to the figure of the portfolio as at December 31, 2009. Corporate loan portfolio increased by 16,1% and reached BYR 646,0 billion. On July 01, 2010, corporate loan portfolio constituted 61,6% of aggregate loan portfolio of the Bank. The volume of retail loans for the reporting period grew to BYR 402,9 billion, having increased by 0,8% in comparison to the figure as at December 31, 2009.
For the reporting period the volume of deposits attracted from corporate clients decreased by 17,1% and amounted to BYR 431,7 billion, retail deposits decreased by 3,2% and reached BYR 290,5 billion.
Equity capital in the 1st half of the year 2010 (according to local regulatory standards) increased by 18,3% and constituted to BYR 224,7 billion.
The Bank’s financial performance during the first half of the year resulted after tax profit BYR 37,8 billion.
The above results allowed the bank to strengthen its positions as one of the most efficient and dynamic financial institution in the Republic of Belarus.
At present time the Moody's Investors Service assigned the following global scale ratings to Bank Moscow-Minsk: Ba3 long-term local currency and B2 long-term foreign currency deposit ratings, Not-Prime (NP) short-term foreign and local currency deposit ratings, and an E+ bank financial strength rating (BFSR).