PRIME-TASS. Moy Bank. Novosibirsk, part of banking group Moy Bank, posted a threefold slide in its balance sheet profit compared to the same period a year ago to Rub 348,000, the lending institution said in a statement. The bank’s balance sheet profit declined due to more funds allocated to reserves put aside for expenses, the bank noted.
Against January-March 2008 equity capital dropped 1.2% to Rub 114.6 mln, grand total soared 44% and reached Rub 1.21 bln as of April 1, 2009, raised funds (credits, deposits and client accounts) jumped 10.7% to Rub 677.14 mln. As of April 1, 2009 operating expenses amounted to Rub 11.45 mln (Rub 45.92 mln a year ago), payables have surged 3.8 times YTD to Rub 2.86 bln. As of April 1, 2009 ROA came in at 0.11% (0.44% a year ago) and ROE equaled 1.21% (2.97%).
