 At the end of 2008, consolidated assets * OAO AKB Moscow Bank for Reconstruction and Development have grown in comparison with 2007 by 35% to 166 568 million rubles., Equity capital * increased 85% to 13 798 million rubles. * The loan portfolio grew by 43% and amounted to 99 653 million rubles. * Net profit amounted to 107 264 thousand rubles.
In the past year, capital of the bank was increased to 6 352 million rubles. that is clearly an additional source of funding and a guarantee of financial stability and profitability of the IBRD. To date, the value of standards in line with the requirements of Bank Liquidity Bank of Russia: as of 1.06.09 H2 (instantaneous) and H3 (current) substantially exceed the regulator set a minimum bar for 15 and 50%, respectively, equal to 115.9 and 110.4%.
In 2008, in time have been repaid a syndicated loan bank WestLB AG, London for the sum of 40 million euros, two credit bank Dresdner Bank, London, totaling 125 million U.S. dollars, and already in 2009 in full and on time The third issue of Eurobonds amounting to U.S. $ 100 million. Today IBRD no other obligations on public debt instruments to maturity before the end of 2009
According to the chairman of Bank of Sergei Zaitsev: started in 2008 in Russia financial crisis associated with the events in the international economy and global financial markets, significantly influenced the development plans of the IBRD and adjust the strategy the bank. Today we will focus on the current state of the economy and the prospects for improvement in the financial markets. In the short term, the bank aims to optimize the operating activities in anticipation of new opportunities for market growth. For this purpose, to projects to enhance the competitive advantages of the bank at the expense of the modernization platform solutions, optimize business processes and costs and improve the quality of service and enhance risk management. This will allow us to approach head-on at the time of the beginning of the revitalization of the banking market and to continue to pursue a strategy of universal financial institution with a presence in all major regions of Russia. The key components of the development of the IBRD will be raising funds and crediting the people and companies. The bank will also diversify the resource base by bringing in foreign markets. The strategy of development implies not only actively to increase business, but also significantly enhance its profitability. I am confident that such a complex set of tasks will contribute to the development of the bank, increase capital and make us even more competitive in the banking sector.
* Data under IFRS, excluding OAO Dalkombank.
Kommersant: tranche consonants
After a morning of correction up Russian indices traded differently
The immediate objective rebound up futures on RTS index is located in the vicinity of 80 000 items
At the beginning of the new dynamics of the week quotations of petroleum continues to be downward, the losses amount to approximately 0.7%
In the coming weeks, the ruble has stabilized
The Russian market can turn quickly, rather than continue down
Positive expectations for the Russian market in the medium and long-term stored
VTB will pay dividends on the results of 2008 of $ 0.000447 ruble per share
Review of the FOREX market for 10.07.09