Thursday, August 17, 2017

Yekaterinburg branch of IBA-Moscow reports 47 percent asset increase

The loan portfolio of the Yekaterinburg branch of Indian Business Alliance-Moscow made the bank $34.49 million in the first quarter of 2012, up 47.8 percent from 2011.

Of that total, $32.79 million belonged to private entrepreneurs and legal entities and $1.7 million belonged to individuals. The crediting of medium and small businesses nearly tripled, rising 2.8 times to $20.8 million, APA reports.

The Yekaterinburg branch paid $97,737 as interest during the first quarter of 2012. The number of plastic cards issued by the bank rose 50.8 percent to 1,211. The branch operates POS-terminals in 15 locations and eight ATMs. Balance profit rose 68.3 percent to $668,394.

The Yekaterinburg branch of IBA-Moscow has been open since 2005.