Binbank announced 2009 numbers drafted to the International Financial Reporting Standards (IFRS) of the consolidate group (Binbank, Vyatka-Bank and Bashinvestbank). As the bank’s press service reported, during the reporting period aggregate assets grew from Rub 72.5 bln to Rub 85.3 bln (up 17.6%), which outpaces the respective indicator of the national banking system as a whole.
As of December 31, 2009 the aggregate credit portfolio totaled Rub 46 bln, an increase of 11.8% on the year. “Primarily this happened on the heels of rising corporate lending. Main changes in the credit portfolio’s structure reflected market trends: a spike in NPLs that peaked in mid-2009. Starting July 2009 the proportion of NPLs began to go down (down 9.4% by December 31, 2009 against July 1, 2009), as a result of which the weight of NPL 90+ in the aggregate credit portfolio equaled 9.56%," the bank’s press service noted in a statement.
As of December 31, 2009 aggregate liabilities reached Rub 78.6 bln, representing a 23% increase on the year. In addition, the structure of the obligations changed in line with the bank’s market targets (clients’ funds leapt 32% to Rub 65.8 bln). The main source of the resource base was money of households that jumped from Rub 35.5 bln to Rub 51.9 bln (a 47% surge). International borrowings were slashed substantially after the successful repayment of the $100 mln bonded loan and the $27 mln syndicated loan.
The lender’s capital dropped 15% from Rub 11.4 bln to Rub 9.7 bln. “However, the bank retained the capital adequacy ratio at 14.1%, which is far higher than the threshold set by regulatory authorities (10%)," the bank pointed out.
Binbank
Based on Banki.ru data, as of April 1, 2010 Binbank’s assets stood at Rub 87 bln (44th place in Russia), capital (calculated in line with CBR requirements) totaled Rub 9.8 bln, including the Rub 4.4 bln subordinated loan, the credit portfolio amounted to Rub 42.8 bln and obligations to households equaled Rub 46.4 bln.
Vyatka-Bank
Based on Banki.ru data, as of April 1, 2010 the lender’s assets stood at Rub 9.3 bln (210th place in Russia), capital (calculated in line with CBR requirements) totaled Rub 1.3 bln, including the Rub 200 mln subordinated loan, the credit portfolio amounted to Rub 5.4 bln and obligations to households equaled Rub 6 bln.
Bashinvestbank
As Banki.ru data shows, as of April 1, 2010 the lending institution’s assets came to Rub 4.53 bln (320th place in Russia), capital was equal to zero, the credit portfolio totaled Rub 3.32 bln and liabilities to households amounted to Rub 1.82 bln.
