INTERFAX. Assets of Voronezh-based lender Agroimpuls shrank 22% to Rub 15.27 bln in the first nine months of 2008, the bank said in a statement. The lending institution’s credit portfolio decreased by 22.7% to Rub 10.5 bln, aggregate obligations fell 23% to Rub 14.2 bln, household funds jumped 25% to Rub 3.8 bln and equity dropped 5.3% to Rub 1.59 bln.
In January-September 2008 the bank reported a net loss of Rub 39.2 mln vs. Rub 173.4 mln net profit in the same period a year ago.
Agroimpuls was established in September 1990 by a number of entities operating in the agricultural sector to attract private deposits and lend SMEs. TGC-10 executives are the bank’s major shareholders.
Based on H108 performance, Agroimpuls ranked 133rd in terms of assets among Russian banks in the Interfax-100 ranking, prepared by Interfax-CEA.
