PRIME-TASS. Net profit generated by Spurt Bank, based in Kazan (the Republic of Tatarstan), drafted to IFRS, amounted to Rub 78.32 mln in 2008 against Rub 138.63 mln a year earlier, while
In 2008 the lender’s assets came to Rub 9.84 bln vs. Rub 9.11 bln the previous year, including cash and balances on CBR accounts (Rub 714.24 mln compared to Rub 507.85 mln, loans granted to clients amounted to Rub 7.75 bln against Rub 6.71 bln). Generally, the lending institution’s liabilities totaled Rub 8.61 bln (Rub 7.87 bln in 2007), including CBR funds (Rub 2.16 bln), money held with banks and other financial institutions (Rub 1.19 bln), clients’ funds (Rub 3.28 bln) and subordinated loans (Rub 766.65 mln).
