Credit portfolio

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  31.12.2008 31.12.2009 31.12.2010 (2010/2009) (2010/2009), %
Short-terms credits and loans 1 200 000 - - 0 0%
Long-term credits and loans 5 161 534 5 583 562 5 537 633 -45 929 -1%
Including bonds 1 000 000 1 638 219 ->1 419 -87%
Interest payable 42 770 26 503 2 123 -24 380 -92%
Total 6 404 304 5 610 065 5 539 756 -70 309 -1%
  31.12.2008 31.12.2009 31.12.2010 (2010/2009) (2010/2009), %
Short-terms credits and loans 1 200 000 - - 0 0%
Long-term credits and loans 5 161 534 5 583 562 5 537 633 -45 929 -1%
Including bonds 1 000 000 1 638 219 ->1 419 -87%
Interest payable 42 770 26 503 2 123 -24 380 -92%
Total 6 404 304 5 610 065 5 539 756 -70 309 -1%

As of 31.12.2010, credits and loans totaled RUR 5 537.6 mln. (-1% or -45.9 mln on 2009). This debt is long-term (2-5 years). In 2010 there were 3 credit auctions. After the auctions we concluded 3 contracts (overall value of RUR 4 280 mln.). The key creditor banks are Urals Bank of Russian Savings Bank and Ekaterinburg branch of Gazprombank, OAO.

  Terms Limits, RUR thous.
Bond issue (series 01,4-01-32501-D) May 2012 1 000 000
Sberbank 2-5 years 3 600 000
Gazprombank 2-5 years 6 730 000
Total   11 330 000

In 2010 credit market was characterized as favorable and we took measures to decrease interest rates. As a result, we raised capital below our approved debt value limits. Average interest rate in 2010 totaled 9.6% per annum, at the same time, as of 31.12.2010, average credit portfolio interest rate totaled 7.7% per annum. As of 2010 the Company ensured the compliance of our debt to the approved limits and retained business solvency rating at Level A.