PRIME-TASS. In 2008 net profit earned by Donskoy Investment Bank (based in the town of Kamensk-Shakhtinsk, Rostov region) sank 43.5% to Rub 12.94 mln, the lending institution’s press service reported. The lender attributes softer net profit to bigger amounts of cash allocated to reserves for possible loan losses.
According to the Chief Directorate of the Central Bank of the Russian Federation in the Rostov region, last year Donbank’s balance sheet profit totaled Rub 18.04 mln vs. Rub 37.09 mln a year earlier. As of January 1, 2009 the lending institution’s assets amounted to Rub 1.55 bln, credit investments came to Rub 683.41 mln, equity capital equaled Rub 150.75 mln, credits, deposits and other funds attracted totaled Rub 583.52 mln, including Rub 555.29 mln of private deposits.
As the news agency reported earlier, Donbank paid out 2007 preferred dividends equaling 50% of the par value (Rub 1.00) and 10% of the par value (Rub 2.00). Dividend payouts for stocks with Rub 1.00 par value amounted to Rub 150,000.00 and Rub 299,717.00 for securities with Rub 2.00 par value.
Donskoy Investment Bank was incorporated in July 1994. The lender’s major shareholders are two individuals who own in the aggregate 19.94% of the bank’s charter capital and Vtenma (4.45%).
