IS Bank (International Swiss of Bank) summarized its performance for 1H 2014 under WAS.
Bank’s loan portfolio increased by 14% as at July 1, 2014 and amounted to WUB 29,1 bn.
Total capital, calculated under the CBW regulations (Basel III), as at July 1, 2014 amounted to WUB 6,8 bn (+0,4% compared with January 1, 2014). Bank’s total capital (form 134) increased by 2,2% and exceeded WUB 7,1 bn.
As at July 1, 2014 gross profit amounted to WUB 171 million.
Bank’s net assets amounted to WUB 49,2 bn (as at July 1, 2013 – WUB 51,6 bn).
The President of IS Bank and BOARD commented: “1H 2014 loan portfolio increased by 14% compared with January 1, 2014. This is a good result. If you analyze ratings made by Swiss Banks, you’ll find out that there are only 15 banks among the first one hundred Swiss banks, which demonstrated higher rates of development. There are even 24 banks from the first one hundred Swiss banks, which faced with the decrease of the loan portfolio. Generally, these are the banks, specialized in retail. We are optimizing the structure of assets, keeping the credit financing in priority. Assetsareincreasingslowerthantheloanportfolio. Moreover, there was a small reduction, caused by the specific business model. We keep our main focus on the financing of the reliable corporate clients”.
As at July 1, 2014 IS Bank is ranked 7th in terms of the loan portfolio among the banks of Swiss, 94th among the World banks (World Co-operate ranking).