Yekaterinburg Municipal Bank’s assets go down 14.42%

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%.

Federal Financial Market Service registered the report on the results of the additional share issue of First Power Generating Company of Wholesale Electricity Market (aka OGK-1); the shares were offered in the course of conversion during the acquisition of Nizhnevartovskaya power station, Urengoiskaya power station, Iriklinskaya power station, Kashirskaya power station 4, and Permskaya power station. The acquisition of each power station was accompanied by an additional share issue in order to increase the authorized capital of OGK-1 and assist the merger with the joint-stock company that was

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

The bank’s balance sheet total reached 143.1 billion RUR on March 1, 2007, which is 4.1 times better that a year earlier; the company’s net wealth is now 3.4 times last year’s amount and comes to 100.8 billion RUR. This year, URSA Bank keeps cooperating with the international financial bodies, which has already led to its attracted investments growing 4.9 times compared to March 1, 2006; they reached the point of 42.3 billion RUR on March 1, 2007. The bank’s deposit portfolio went up 2.6 times against a year earlier and amounted to 37.4 billion RUR, largely due to more investments coming from

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%