High-liquidity assets at Moscow-based Finprombank slid over 3x in May. By early summer the bank's high-liquidity assets stood at just Rub 798 mln. This is just 1.5% of the lending institution's total assets, its financial statement shows.
Last month the bank also cut bond investment by nearly a third, and also securities collateralized under repurchase transactions to Rub 1.8 bln and Rub 7.9 bln, respectively. The corporate credit portfolio shrank 1.5%. As of June 1, 2016 the portfolio was equal to Rub 35.3 bln.
However, the bank's retail credit portfolio expanded 1.5% to Rub 3.3 bln. Inter-bank loans also rocketed by 365.5%. During the month, the bank lent over Rub 350 mln. So, the bank's total assets decreased 8% m-o-m to Rub 54.1 bln.
The bank's liabilities are also in decline. A tenth of retail deposits and a fifth of corporate deposits were withdrawn from the bank. As of June 1, 2016 the indicators amounted to Rub 15.7 bln and Rub 8.1 bln, respectively.
Inter-bank loans drawn by Finprombank fell 20%, or by over Rub 880 mln. Issued bonds amounted to Rub 1.8 bln, down 5.4%.
Meanwhile, ROE declined by 16%. In May, ROE turned negative (-98%).
