OREANDA-NEWS. April 28, 2012. Vnesheconombank publishes consolidated financial statements under IFRS for 2011. For the reported period the Bank’s assets increased by 24% or by 488 billion rubles from the start of 2011. This growth was brought about by Vnesheconombank Group’s increased portfolio: it increased by 441 billion rubles due to the Bank’s and Group’s expanded activity. And the proportion of the portfolio of loans extended to customers in the Bank’s assets increased to 49% as of 01.01.2012 from 39% as of 01.01.20122011. The amount of funds invested in credit institutions for 2011 increased by 10% and was 458 billion rubles.

The said growth in the financial resource base was brought about by the increase in the following components: credits raised from banks increased for 2011 by 228 billion rubles (by 10%), funds received from placing debt securities – by74 billion rubles (by40%), customers’ funds - by 62 billion rubles (by 21%) and the growth was caused by the increased amount of time deposits.

Due to negative results on transactions in foreign currency and diminished yields on securities caused by the stock market’s negative dynamics during 2011, the profit for 2011 was 7.48 billion rubles.