Based on the International Accounting Standards, URSA Bank’s assets reached 165.8 billion RUR last year, which was 1.5 times better than at the beginning of 2007. The bank’s own funds rose by 1.9 times and came to 28.7 billion RUR, while its profits amounted to 3.77 billion RUR, which exceeds the figures for a year earlier by 2.6 times.

URSA Bank’s loan portfolio grew by 1.9 times in 2007, with the share of bad debt (with payments delayed for over ninety days) coming to 4.2% of the total portfolio value. At the same time, the bank’s reserves are capable of making up for this bad debt by 107%.

URSA Bank managed to attract 53.9 billion RUR worth of customers’ investments by January 1, 2008, which was 1.5 times better than on January 1, 2006.

Apart from improving on the quantity, the bank was also trying to go for some qualitative changes, making the business more efficient. URSA Bank’s Cost to Income Ratio, for instance, dropped from 50% to 45% last year.

In 2007, URSA Bank’s assets reached 165.8 billion RUR, its own funds came to 28.7 billion RUR, its net profits amounted to 3.8 billion RUR, the net loan portfolio came to 127 billion RUR, and customers’ investments amounted to 53.9 billion RUR. The bank’s return on equity and return on assets reached 26.9% and 2.7%, respectively, while its net interest margin, capital adequacy, operating profit expenses, bad debt (with payments delayed for over ninety days), and loan portfolio reserves came to 10%, 18.3%, 45.1%, 4.2%, and 4.5%, respectively.

The annual report for 2006 did not include any data on profits made by Uralvneshtorgbank (the bank that merged with SibAcademBank to become URSA Bank in December 2006), and this figure amounted to .4 billion RUR at the moment of merger.