Assets of the Savings Bank Increased by 18% in the First Quarter
OREANDA-NEWS. OJSC AK Savings Bank of the Russian Federation announced the increase of cost of assets by 18 % in the first quarter 2007.
On January 1, 2007 cost of assets of the bank has made 7 225 518 080 thousand roubles, and on April 1, 2007 - 8 524 433 427 thousand roubles. Gain has made 1 298 915 347 thousand roubles, or 18,0 %.
Major factors of growth of cost of assets were systematic development of business, and also receipt of means from the additional share issue of the Bank carried out during the period under review.