- Management intends to keep equity ratio above 12.0% in the future
- The majority shareholders are willing and able to support the bank's need in new equity capital
– Pivdennyi's shareholders have injected additional capital each year
– Dividends to shareholders have always been capitalised
- Potential IPO in the coming years
Capital Adequacy
| USD mm | 2005 | 2006 | 1H2007 | 3Q2007 |
| Total Risk Adjusted Assets, Off- Balance Sheet Commitments and Market Risk | 373,3 | 777,2 | 903,2 | 1073,9 |
Share capital | 41,4 | 71,8 | 93,5 | 105,4 |
Contributions received
for new share issued but not registered | 0,0 | 0,0 | 11,8 | – |
Retained earnings | 3,2 | 12,8 | 21,4 | 26,4 |
Minority interest | 0,0 | 10,4 | 4,8 | 2,8 |
Currency translation reserve | 0,0 | 0,0 | 0,0 | 0,7 |
Tier-1 capital | 44,6 | 95,0 | 131,8 | 135,3 |
Tier-1 capital ratio | 11,9% | 12,2% | 14,6% | 12,6% |
Revaluation reserve for fixed assets | 5,2 | 9,5 | 9,5 | 9,5 |
Revaluation reserve for investment
securities available for sale | 0,0 | 0,0 | 0,2 | 0,2 |
Subordinated debt | 1,5 | 1,6 | 0,0 | 0,0 |
Tier-2 capital | 6,8 | 11,1 | 9,5 | 9,7 |
Tier-1 and Tier-2 capital | 51,3 | 106,1 | 141,3 | 145,0 |
Capital adequacy ratio | 13,7% | 13,7% | 15,6% | 13,5% |
| Equity Ratio (Equity/Total Assets) |
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| Capital Adequacy Ratio |
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Security
