Belarusian BPS-Sberbank increases assets 8.8% in H1
MINSK. July 20 (Interfax) - Belarusian BPS-Sberbank's (a subsidiary of Russia's Sberbank )) assets according to national accounting standards came to 27.529 trillion Belarusian rubles (8280 Belarusian rubles/$1 on July 20, 2012) on July 1, 2012, the bank said in its financial reporting posted on its website.
On January 1, the bank's assets came to 25.31 trillion Belarusian rubles. Therefore, the bank's assets increased by 8.8% in the first half.
Client loans came to 15.79 trillion Belarusian rubles on July 1, 2012 (up 22.7% for the first half), funds placed with the National Bank - 5.4 trillion Belarusian rubles (down 15.9%), funds in other banks - 780.9 billion Belarusian rubles (down 44.2%), derivative financial assets - 2.06 trillion Belarusian rubles (down 8.8%), and securities investments - 1.52 trillion Belarusian rubles (up 95.2%).
The bank's obligations in the six months went up by 7.5% to 25.7319 trillion rubles, including client funds - 23.4% to 14.5 trillion Belarusian rubles. Other banks' funds with BPS-Sberbank came to 8.02 trillion Belarusian rubles (down 11.5%), National Bank funds - 1.66 trillion rubles (unchanged), debt bonds - 1.3 trillion rubles (up 11.1%).
BPS-Sberbank's equity increased by 28% to 2.1827 trillion rubles while its charter capital went unchanged at 513.2 billion Belarusian rubles.
The bank's net profit in the first half increased by 310% to 378.7 billion Belarusian rubles.
BPS-Sberbank (earlier Belpromstroibank, BPS) has been in operation since 1991. The bank is third biggest in Belarus by assets.
Sberbank purchased 93.27% in BPS-Bank for $280.8 million in December 2009. The stake was raised to 97.91% through an offer in February 2010.
