According
to the 9 months results Bank Moscow-Minsk showed dynamic growth of the key
financial parameters. On October 01, 2009, the Bank’s gross total assets reached
the mark of BYR 1 931.2 billion, what by 12,2% exceeded the appropriate figure
as at December 31, 2008.
For
the reporting period the resource base, calculated according to the approached
approved by the National bank of the Republic of Belarus, increased by 15,2% to
BYR 1 336,3 billion.
On
October 01, 2009, the loan portfolio of Bank Moscow-Minsk grew to BYR 911,4
billion, increased by 15.8% to the figure of the portfolio as at December 31,
2008. Corporate loan portfolio increased by 27,5% and reached BYR 514,1 billion.
On October 01, 2009, corporate loan portfolio constituted 56,4% of aggregate
loan portfolio of the Bank. The volume of retail loans for the reporting period
grew to BYR 397,3 billion, having increased by 3,5% in comparison to the figure
as at December 31, 2008.
For
the reporting period the volume of deposits attracted from corporate clients
increased by 24,1% and amounted to BYR 449,7 billion, retail deposits increased
by 41,6% and reached BYR 315,2 billion.
Equity
capital for 9 months of the year 2009 (according to local regulatory standards)
increased by 22,9% and constituted to BYR 177,4 billion.
The
Bank’s financial performance during the 9 months of the year resulted in the
increase in after tax profit up to BYR 37,6 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).
