Uralsib posts 1H 2009 Net Loss of 904 million Roubles
Published: 02 November, 2009, 13:58
TAGS: Investment, Russia, Corporate Results, Economy, Finance
Russian bank, Uralsib, has posted a 1H 2009 Net Loss of 904 million Roubles under IFRS.
The bottom line compares with a 1H 2008 Net Profit of 2.4 billion Roubles, with Net interest income falling more than 21% to 10.1 billion Roubles, and Net Operating Income down 37% to 7.4 billion Roubles.
The bank attributed the ‘insignificant’ loss to its loan provisioning, which saw a 6 fold jump to 9.4 billion Roubles, compared with loan provisioning of 2.5 billion Roubles for 1H 2008.
Uralsib was positive about the results, noting a 3 billion Rouble gain from its securities operations, compared to a loss over the same period a year earlier, and a 24% increase in fee and commission income.
Uralsibs loan portfolio shrank by 12% between the end of 2008 and the end of June to 243 Billion Roubles, while its deposits rose more than 8% over the same period to 245 billion Roubles.
02.11.2009, 09:50
2 comments
New antimonopoly rules to put transgressors behind barsOn Friday, the law on criminal liability for abusing antimonopoly rules also came into force, with energy majors under the pump for their pricing policies according to the Federal Antimonopoly Service. |
02.11.2009, 20:29
.рф to join .كوم and .山羊 as the web moves away from .comWebsite addresses will soon be available in the Cyrillic alphabet, after ICANN, the organisation responsible for assigning domain names, agreed in Seoul, Korea, on domain name extensions in non latin alphabets. |
