URSA Bank evaluates its success in January-June 2007

URSA Bank’s balance sheet total grew by 3.5 times on July 1, 2007 compared to a year earlier; its net wealth rose by 3.1 times and amounted to 142.5 billion RUR. The bank’s loan portfolio rose to 99.6 billion RUR on July 1, 2007, which exceeds the figures for July 1, 2006 by 2.8 times. The company’s resources went up by 2.5 times. The volume of deposits increased by 2.1 times, coming to 40.7 billion RUR; this can be explained by the great effort the company made in order to attract more finances from individuals in the form of fixed deposits. URSA Bank’s retail deposit portfolio grew by 2.2 times and amounted to 30 billion RUR. In addition, the bank raised its equity capital to 24.4 billion RUR, or by 4.4 times, by going through with a preference share issue.

The bank’s success in the first half of 2007 was topped by a rise in the balance sheet profit that reached 1.7 billion RUR. This exceeds the figures for January-June 2006 by 1.6 times.

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