Bank IBA-MOSCOW Summed Up Results of 2013
OREANDA-NEWS. April 10, 2014. International audit company "Deloitte & Touche CIS", one of the most respected, recognized and the world's largest auditors, has confirmed financial statements "Bank "IBA-MOSCOW" LLC for the year 2013, prepared in accordance with Russian accounting standards (RAS).
Auditing report data once again confirmed the positive dynamics of development "Bank "IBA-MOSCOW" LLC, and reporting 2013 year became another step further financial growth and improved all key performance indicators.
According to the reports, in 2013 the volume of assets increased more than by 18.1% compared to 2012 (27 845 million rubles and amounted to 31.12.2013 — 32 882 million Russian rubles. Equity under RAS amounted to 31.12.2013 — 3,006 million Russian rubles, which is 24% higher than in 2012 (2 425 million rubles).
The Bank's net profit in the reporting period reached 350.4 million Russian rubles, which is 35.3% more than in the previous year (258,9 million of Russian rubles). Successful performance resulted from a deliberate policy of "Bank "IBA-MOSCOW" LLC by building a diversified business model, which virtually eliminates the risk of dependence on individual customers or groups, and activities.
During 2013 "Bank "IBA-MOSCOW" LLC continued its active engagement with local enterprises of small and medium businesses, increasing speed and expanding this direction, which is a key in the Bank's development strategy. Thus, of the total loans granted to legal entities of small and medium business part in 21% of therealenterprises sector. The growth of credit portfolio of legal entities totaled 10.5% compared to the data of 2012, reaching 19.8 billion rubles in the reporting year. The number of accounts of legal entities increased to 4 972 (4 412 in 2012).
Attracted funds of clients that are not credit institutions increased by 53.6% and amounted at the end of fiscal year 2013 13.1 billion Russian rubles. The funds on accounts of natural persons increased by 87.8%, reaching 8.4 billion Russian rubles.
In October 2013 "Bank "IBA-MOSCOW" LLC concluded an agreement on the allocation of regular club syndicated loan worth USD 130 million. For a period of 1 year with possibility of prolongation for another year. The loan is attracted under the guarantee of the sole participant of "Bank "IBA-MOSCOW" LLC OJSC "International Bank of Azerbaijan". The deal was attended these leading banks of the Russian Federation: AKB "Novikombank", "MDM Bank", OJSC "URALSIB", OJSC "SME Bank", JSC "SMP Bank", OJSC "Bank ZENIT" and others.
In June 2013 "Bank "IBA-MOSCOW" LLC placed its debut bond issue worth 3 bln RUB in full amount coupon rate of 10.75% per annum. International rating Agency FITCH has appropriated to bonds of "Bank "IBA-MOSCOW" LLC in the amount of 3 billion rubles a final rating of "BB" (Outlook "stable"). Issue meets all requirements of the Bank of Russia and was included in the Lombard list of securities.
In may 2013 "Bank "IBA-MOSCOW" LLC received a license of the Bank of Russia, giving the right to conduct operations with precious metals, including bringing them into deposits and placement in accordance with the Russian legislation, allowing us to expand the list of services provided to clients of the Bank.