Bank news

Financial Results of the Bank Moscow-Minsk as of 30 September 2010

According to the 9 months results Bank Moscow-Minsk showed dynamic growth of the key financial parameters. On October 01, 2010, the Bank’s gross total assets reached the mark of BYR 2 102.2 billion, what by 17,0% exceeded the appropriate figure as at December 31, 2009.

For the reporting period the resource base, calculated according to the approached approved by the National bank of the Republic of Belarus, increased by 31,4% to BYR 1 524,4 billion.

On October 01, 2010, the loan portfolio of Bank Moscow-Minsk grew to BYR 1 080,7 billion, increased by 13.0% to the figure of the portfolio as at December 31, 2009. Corporate loan portfolio increased by 21,8% and reached BYR 677,3 billion. On October 01, 2010, corporate loan portfolio constituted 62,7% of aggregate loan portfolio of the Bank. The volume of retail loans for the reporting period grew to BYR 403,3 billion, having increased by 0,9% in comparison to the figure as at December 31, 2009.

For the reporting period the volume of deposits attracted from corporate clients increased by 3,7% and amounted to BYR 546,4 billion, retail deposits increased by 3,4% and reached BYR 310,4 billion.

Equity capital for 9 months of the year 2010 (according to local regulatory standards) increased by 25,4% and constituted to BYR 238,2 billion.

The Bank’s financial performance during the 9 months of the year resulted in the increase in after tax profit up to BYR 51,9 billion.

The above results allowed the bank to strengthen its positions as one of the most efficient and dynamic financial institution in the Republic of Belarus.

At present time the Moody's Investors Service assigned the following global scale ratings to Bank Moscow-Minsk: Ba3 long-term local currency and B2 long-term foreign currency deposit ratings, Not-Prime (NP) short-term foreign and local currency deposit ratings, and an E+ bank financial strength rating (BFSR).

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