Bank VTB loses 170 million RUR in February 2008

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 came up with a performance report for 2008 (based on the Russian Accounting Standards). The bank’s balance sheet profit came to 3.7 billion RUR on January 1, 2009, which was 1.1 times better than a year earlier. URSA Bank’s net assets amounted to 213.4 billion RUR on the first day of this year, which exceeded the figures for January 1, 2008 by over 1.2 times. The volume of customers’ investments rose by 1.2 times and reached 62.2 billion RUR last year, largely due to the growing business customers’ fixed term deposits. The private customers’ deposit volume amounted to 36.8 billion

Pipe Metallurgical Company (TMK) came up with its enterprises’ financial performance report for 2008, compiled in accordance with the Russian accounting standards. TMK’s net loss reached 9 billion RUR in 2008 in comparison with the 19.2-billion-ruble net profit in 2007 (in accordance with the Russian accounting standards). The company’s net loss amounted to 7.4 billion RUR in the last quarter of 2008 compared with the net profit of 11.4 billion RUR a year earlier. The company reports last year’s losses have to do with the dropping share price of TMK’s daughter enterprises and the need to

URSA Bank’s balance sheet total doubled over the first quarter of 2008 and amounted to 292.2 billion RUR; the bank’s net assets (calculated in accordance with Interfax’s standards) rose by 1.9 times and reached 202.4 billion RUR in January-March 2008. URSA Bank’s own funds increased by 2.1 times and came to 25.8 billion RUR on April 1, 2008, which is 13.3 billion RUR better than a quarter earlier. The bank’s loan portfolio grew by 58.2% and came to 119.1 billion RUR: the company’s retail loan portfolio went up by 90%, reaching 62.3 billion RUR, while the business loan portfolio rose by 34%

URSA Bank’s balance sheet profit came to .3 billion RUR in the first quarter of 2009, while the company’s own funds were estimated at 26.6 billion RUR on April 1, 2009, which was .3% less than on January 1, 2009. The bank’s capital adequacy came to 16.8%, which is 1.6 times more than what is required by the Central Bank of Russia. In addition, URSA Bank’s net assets reached 207.8 billion RUR in January-March 2009, thus going down by 2.6% since the beginning of the year. Their liquid assets amounted to 40.6 billion RUR. The bank had managed to attract 57.9 billion RUR worth of customer