ORGRESBANK posts its results for Q1 2009

ORGRESBANK posts its results for Q1 2009

As at the end of March 2009, its Net Profit based on IFRS stood at 1.1 bRUB, thus showing a three-fold increase against 2008. Assets have grown by nearly 2 times (up to 164.5 bRUB), Equity – by more than 3 times (up to 21.91 bRUB), Credit Portfolio – by more than 2 times (up to 144.87 bRUB).

In the reporting period, ORGRESBANK has carried on its active work with the major and largest companies operating on the Russian market. The corporate credit portfolio has expanded by more than 2 times compared to 2008 and as at the end of March 2009, it reached 134.2 bRUB.

The retail portfolio of ORGRESBANK totals 10.6 bRUB (up 82%)

As of early April 2009, the customer accounts amounted to 24.2 bRUB, thereby gaining 65% over same of the previous year.

Key figures of JSB ORGRESBANK (IFRS, bRUB.)

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