PRIME-TASS. Bank Spurt reported a 29.3% slide in 9M08 net profit against the same period a year ago to Rub 94 mln, while pre-tax profit declined 24.5% to Rub 123 mln. Pre-tax profit dropped owing to a reduction in trading operations on the securities market, the lending institution’s representatives said Wednesday. Assets grew from Rub 9.39 bln as of January 1, 2008 to Rub 10.21 bln as of October 1, while capital increased from Rub 1.33 bln to Rub 1.76 bln, loans issued climbed from Rub 5.20 bln to Rub 8.62 bln, funds attracted spiked from Rub 7.84 bln to Rub 8.72 bln, including an increase in private deposits from Rub 1.53 bln to Rub 1.84 bln.
Bank Spurt ranks among the Top 5 of Tatar lending institutions, with the charter capital equaling Rub 1 bln. The bank’s major shareholders are EBRD (28.25%), the bank’s executives (40%), Nizhnekamskneftekhim (14%) and Nizhnekamskneftekhim top managers (10%).
