In January-March 2009 Novosibirsk Municipal Bank’s
In the first quarter of 2009 over 3,000 deposit agreements were signed with households. “During this period Rub 1.2 bln was put on deposits, with 75% of this amount in rubles. Funds raised from households have jumped Rub 37 bln or 2% YTD and the portion of household cash in the lender’s aggregate resource base reached 53%," the press release pointed out. Since the beginning of the year the bank has opened around 2,500 settlement accounts for legal entities and individual entrepreneurs or 30% more than a year ago.
According to the data from Banki.ru and news agency Interfax-CEA, as of January 1, 2009 net assets of Novosibirsk Municipal Bank totaled Rub 5.1 bln (277th place in Russia). The lending institution is a member of the national deposit insurance system.
