Structure Liabilities
| As of 31 December 2010 | As of 31 December 2009 | Change, % | |||
|---|---|---|---|---|---|
| RUB m | Amount | % of amount | Amount | % of amount | |
| Due to individuals | 4,834,459 | 63.2 | 3,787,312 | 59.8 | 27.6 |
| Due to corporate customers | 1,816,672 | 23.8 | 1,651,559 | 26.1 | 10.0 |
| Subordinated debt | 303,513 | 4.0 | 519,061 | 8.2 | (41.5) |
| Other borrowed funds | 270,765 | 3.5 | 115,213 | 1.8 | 135.0 |
| Debt securities in issue | 119,426 | 1.6 | 124,599 | 2.0 | (4.2) |
| Due to other banks | 188,431 | 2.5 | 53,947 | 0.9 | 249.3 |
| Other liabilities | 108,094 | 1.4 | 74,439 | 1.2 | 45.2 |
| Total liabilities | 7,641,360 | 100.0 | 6,326,130 | 100.0 | 20.8 |
In 2010, the Group’s liabilities increased 20.8% to RUB 7,641.4bn. This was predominantly driven by a 27.6% escalation in amounts due to customers to RUB 4,834.5bn. Other borrowed funds rose substantially in 2010 (by 135.0%) as a result of the Group raising new borrowings under the medium-term borrowing programme (MTN programme) and a syndicated loan from a consortium of foreign banks. The year 2010 also saw growth in amounts due to corporate customers (by 10.0%), amounts due to other banks (by 249.3%) and other liabilities (by 45.2%).
Given that in 2010 the Group had far more available funding sources versus 2009 combined with a high capital adequacy ratio, it was in the position to make an early repayment of a RUB 200bn tranche of its subordinated loan from the Central Bank of Russia.
