OREANDA-NEWS. October 11, 2012. As of 01 September 2012, the loan portfolio of Bank Petrocommerce amounted to RUR 149.6 bln, up by 37.8% yoy. The retail loan portfolio increased by 80.9% to RUR 17.1 bln, and the corporate loan portfolio went up by 33.7% to RUR 132.5 bln. The share of overdue loans in the retail loan portfolio went down from 10.3% to 6%. As for the corporate segment, the share of overdue loans decreased from 9.8% to 6.9%. Overdue debt decreases at a more accelerated pace as compared with universal privately-owned banks. As of 01 September 2012, the Bank’s factoring portfolio amounted to RUR 13.0, up by 36% yoy. The Bank’s assets augmented by 7.4% to RUR 224.7 bln.

Loan portfolio growth boosts net interest income, which increased at the annualized rate of 23.3%.

Bank Petrocommerce follows a conservative approach to liquidity management. The Bank has a robust liquidity cushion, which will allow it to ensure an uninterrupted service of its liabilities in case of any market contingency. Current liquidity ratio (N3) characterizing the Bank’s capacity to meet its short-term obligations reached 104.7%, with the floor level being set at 50%.

During 8 months 2012, the sources of the Bank’s equity attained RUR 28.2 bln, up by 13.6% yoy, with the ROAE standing at 15.3%. Capital adequacy ratio (N1), one of the major indicators of the Bank’s reliability, is 11.7% — in line with the level of universal privately-owned banks.