B&N Bank has improved its loan book quality

Financial analysts have reported that in June 2009 many Russian banks decreased the rate of the overdue indebtedness mostly due to repayment of some huge loans and restructuring of the problem assets.

Thus, Gazprombank decreased its overdue indebtedness by RUB 17 bln. (-60.9%), Rosbank – RUB 3.9 bln. (-34%), Petrocommerce – RUB 3.1 bln. (-27.2%), East-European Finance Corporation – RUB 1.7 bln. (-26.6%), URALSIB – RUB 803 mln. (-4.9%), Raiffeisen Bank – RUB 690 mln. (-6.2%).

B&N Bank’s asset structure demonstrated positive trend by significant reduction of overdue indebtedness by RUB 1.1 bln. (-24%) due to repayments on corporate loans, with the overdue rate standing at 8.7% of the total loan portfolio as compared with 11,4% in May 2009.

Latest News ORGRESBANK has summarized results of the first half year of 2009 Regulation of the Russian Government dated June 23, 2009 ¹ 854-r Alfa-Bank 2008 Annual Report On Approving Ernst and Young Vneshaudit as Auditor of Vnesheconombank's Annual Financial Statements for 2009 B&N Bank has issued IFRS Consolidated Financial Statements for the year ended 31 December 2008 TransCreditBank Presents Its Financial Statements BNP Paribas Group: Results as at 31 March 2009 According to RAS profit of B&N Bank in 1Q2009 amounted to RUB 142 mln. TransCreditBank Group Produced its 2008 IFRS Accounts UkrSibbank's Comments on Performance Results for 1Q 2009

VTB Bank announces its performance results For the last two years, outstanding loans increased more than 2.3 times to RUR 108 billion, customer deposits accounted for 230.8% to RUR 93 billion. And VTB Bank succeeded in achieving transaction growth ahead of the average market rates. [Read...]