Priorbank’s net profit up 80% in H1 to Br84.409m
<p> MINSK, Sep 7 - PrimePress. Priorbank increased its net profit by 80% year on year in January-June 2021 to Br84.409 million ($33.55 million at the exchange rate of the National Bank of Belarus), according to the data published on the website of the National Bank. </p> <p> </p> <p> Priorbank’s net interest income grew 2.4% yoy in January-June 2021 to Br98.302 million ($39.1 million, $1/$2.5156). The bank increased net fee and commission income by 16.3% to Br58.66 million ($23.32 million); reduced net income on foreign exchange operations 15% to Br34.299 million ($13.64 million); got a negative indicator of income from securities operations at Br1.106 million ($14.19 million) against a Br1.113 million profit ($439,700) as of 1 July 2021, down 50%. </p> <p> </p> <p> Priorbank’s total assets decreased by 3.7% year to date in January-June 2021 to Br5.09 billion ($2 billion): loans to customers down 1.7% to Br3.005 billion ($1.2 billion); assets in securities down 2.3% to Br436.084 billion ($173.35 billion); funds in other banks down 22.5% to Br546.838 million ($217.38 million); funds in the National Bank of Belarus down 4.4% to Br616.709 billion ($245.15 million). </p> <p> </p> <p> Priorbank decreased its liabilities by 6.2% year to date in January-June 2021 to Br4.192 billion ($1.67 billion). </p> <p> </p> <p> Priorbank increased its equity capital in January-June 2021 by 10.2% to Br898.126 million ($357 million), the authorized capital - unchanged at Br86.148 million ($34.25 million). </p> <p> </p> <p> Priorbank OAO is a member of RZB-Group and a subsidiary of Raiffeisen International Bank-Holding AG (Raiffeisen International). Raiffeisen International is a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Austria AG (RZB). The major shareholder of the bank is Raiffeisen International with 87.74%. The state holds a 5.89% stake in Priorbank via the State Property Committee and OAO MAZ. A small stake of 1.57% is currently owned by other corporations and individuals. Priorbank belongs to the Tier 1 Group of banks. End </p>
2021-09-08
Primepress
Priorbank’s net profit up 80% in H1 to Br84.409m
MINSK, Sep 7 - PrimePress. Priorbank increased its net profit by 80% year on year in January-June 2021 to Br84.409 million ($33.55 million at the exchange rate of the National Bank of Belarus), according to the data published on the website of the National Bank.
Priorbank’s net interest income grew 2.4% yoy in January-June 2021 to Br98.302 million ($39.1 million, $1/$2.5156). The bank increased net fee and commission income by 16.3% to Br58.66 million ($23.32 million); reduced net income on foreign exchange operations 15% to Br34.299 million ($13.64 million); got a negative indicator of income from securities operations at Br1.106 million ($14.19 million) against a Br1.113 million profit ($439,700) as of 1 July 2021, down 50%.
Priorbank’s total assets decreased by 3.7% year to date in January-June 2021 to Br5.09 billion ($2 billion): loans to customers down 1.7% to Br3.005 billion ($1.2 billion); assets in securities down 2.3% to Br436.084 billion ($173.35 billion); funds in other banks down 22.5% to Br546.838 million ($217.38 million); funds in the National Bank of Belarus down 4.4% to Br616.709 billion ($245.15 million).
Priorbank decreased its liabilities by 6.2% year to date in January-June 2021 to Br4.192 billion ($1.67 billion).
Priorbank increased its equity capital in January-June 2021 by 10.2% to Br898.126 million ($357 million), the authorized capital - unchanged at Br86.148 million ($34.25 million).
Priorbank OAO is a member of RZB-Group and a subsidiary of Raiffeisen International Bank-Holding AG (Raiffeisen International). Raiffeisen International is a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Austria AG (RZB). The major shareholder of the bank is Raiffeisen International with 87.74%. The state holds a 5.89% stake in Priorbank via the State Property Committee and OAO MAZ. A small stake of 1.57% is currently owned by other corporations and individuals. Priorbank belongs to the Tier 1 Group of banks. End