OREANDA-NEWS. July 30, 2010. Sviaz-Bank made public its basic financial performance results for the 1st quarter of 2010 in accordance with the International Accounting Standards (IAS), reported the press-centre of Sviaz-Bank.

According to the IAS count for the first quarter of this year, the Bank had 122.7 billion rubles in balance value. It also registered growth in active transactions owing to a steady increase in its corporate loan portfolio, and an increase in interbank lending transactions and reverse REPO agreements with lending and financial organizations.

Growth in active transactions resulted in greater revenues for the Bank. The net interest income reached 1.2 billion rubles. Over the three months of this year, the Bank earned a net IAS profit of 847 million rubles.

In the first quarter of this year, the Bank continued actively to promote lending transactions that helped it to increase its loan portfolio by 16.2 billion rubles since the beginning of 2010.

The funds accepted by the Bank from corporations and individuals rose by 21.9% since the start of the year, to 60.6 billion rubles on April 1, 2010.

The Bank had 43.5 billion rubles in equity on the accounting date, and an adequacy ratio of 47.4% calculated by the standards of the 1988 Basel Agreement.