OREANDA-NEWS. June 25, 2008. Finance magazine reports in its issue 18 released yesterday, May 12, that, in its March 1, 2008, estimates, with a working capital of 152.3 billion rubles, Sviaz-Bank clicked into 19th slot, a 4% improvement on its standings on January 1, 2008, in the magazine’s rankings for Russian banks.

According to Finance, the Bank’s liabilities climbed 11% up to 173.9 billion rubles, and its equity edged up 3% to 12.3 billion rubles on March 1.

Finance also reports that the balances in personal accounts with the Bank had moved 7% up to 10.2 billion rubles since January 1, 2008. By March 1, 2008, the Bank had issued 3.7 billion rubles in loans, 22% up from the year beginning.

Over the first two months of 2008, the funds placed on deposits with the Bank by businesses and institutions rose to 93.4 billion rubles, up 7%, and the Bank’s funds out on loan to businesses and institutions reached 98.8 billion rubles, a healthy growth of 18%.

On March 1, 2008, Sviaz-Bank had 17.3 billion rubles in its securities portfolio.

Finance experts put the Bank’s profits at 1.3 billion rubles.