Thanks to an Rb 1.3 bn uptick in charter capital, the lender’s shareholder equity totals Rb 8.7 bn.
As of March 10, 2010, Uniastrum Bank’s charter capital stood at Rb 5.1 bn, and shareholders’ equity at Rb 8.7 bn. For the Bank, upsizing charter capital is crucial for future business growth and for pressing ahead with plans to expand its lending portfolio more than 30% in 2010. Uniastrum’s charter capital was boosted via an additional contribution by the shareholder of $50 mn (Rb 1.3 bn).
As of year-start 2010 Uniastrum’s overall lending portfolio weighed in at RB 55.1 bn. In 2009 the Bank’s total assets soared 56% to Rb 140 bn.
“Taking into account our business development plans and estimated profits, the Bank’s charter capital is perfectly adequate,” says Uniastrum President Gagik Zakaryan. “This year we aim to expand our total credit portfolio 30%. Our capital adequacy ratio over the next few years will be sustained at between 13-15%, i.e. at a level that both shareholders and market regulators will find acceptable.”
For more information call or write Olga Kurganova:
744 04 04, ext. 1066
kurganova@uniastrum.com