Tomskpromstroybank’s 9M08 net profit jumps 16.8%

PRIME-TASS. Net profit generated by Tomskpromstroybank, the largest lender in the Tomsk region, leapt 16.8% y-o-y to Rub 52.58 mln in January-September 2008, the lending institution said in a press release. As of October 1, 2008 the bank’s equity stood at Rub 458.02 mln, up 40% YTD. Assets jumped 12.2% y-o-y to Rub 4,616 mln (funds held with lending institutions jetted 94.2% to Rub 51.51 mln, net loans due grew 8.9% to Rub 3.57 bln and mandatory reserves were slashed 3.4-fold to Rub 23.13 mln).

Money belonging to clients (non-lending institutions) dropped 6.6% compared to January-September 2007 to Rub 3.97 bln and private deposits dipped 1.7% to Rub 2.64 bln. Debt obligations issued plunged 3.4-fold to Rub 9.6 mln. Total obligations came to Rub 4.02 bln (up 6% against October 1, 2007) as of October 1, 2008. “The revenue mix remained unchanged, with interest income as the primary revenue earner and cash transactions taking the second place” — the bank pointed out. Irrevocable commitments plunged 41% y-o-y to Rub 52.94 mln, whereas guarantees granted and surety commitments soared 76.9% to Rub 6.04 mln.

Tomskpromstroybank was established in January of 1992 following the reorganization of the directorate of Promstroybank of Russia in the Tomsk region. The bank consists of the head office and nine branches, including in cities and district centers of the Tomsk region, e.g. in Seversk, Asino, Kolpashevo, Strezhevoy, Kargask, Kedrovy and Alexandrovsky. Tomskpromstroybank’s charter capital is equal to Rub 75 mln and is divided in 75 mln common registered non-documentary shares with Rub 1.00 par value each. The bank’s stocks are held by 1,587 shareholders. The portion of corporate shareholders in the lending institution’s charter capital is 28.2% and that of individuals is 71.8%. The lending institution’s major shareholders are the department for state property management of the Tomsk regional administration, Tomsk Shipping Company and Tomsk Mills.