As of May 1, 2009 equity capital at Zapsibcombank, based in Tyumen, exceeded Rub 6.46 bln, the lending institution’s press service reported.
According to the lender’s planning and financial analysis department, equity capital grew at quite a fast pace, as the previous mark (Rub 5 bln) was reached slightly more than six months ago (August 1, 2008). If the bank’s equity capital totaled Rub 1 bln after 12 years of operations, each subsequent billion was added to the capital much faster, the bank pointed out in a statement.
“Equity capital is a primary indicator of a bank’s activities that characterizes risk resistance, the security of clients’ funds by the bank’s own resources and is guarantee of reliability at times of a crisis. Growth in the equity capital opens up for the lending institution new opportunities, making it possible to bump up lending to real sectors of the national economy and individuals," head of the lending institution’s planning and financial analysis department Ruslan Zinnurov emphasized.
According to the data from Banki.ru and news agency Interfax-CEA, as of January 1, 2009 net assets of West Siberian Commercial Bank totaled Rub 48 bln (67th place in Russia). The lending institution is a member of the national deposit insurance system.
