OREANDA-NEWS. Bank Vozrozhdenie is traditionally among the TOP-30 Russian Banks compiled by the Bank of Russia and continues to grow during the last years faster than the overall banking system, reported the press-centre of Bank Vozrozhdenie.

The Bank’s assets totaled 92,7 billion rubles ($3,6 billion) at the end of the second quarter 2007 according to Russian Accounting Standards (RAS) and increased by 13,7% compared to the end of the first quarter 2007.

Net profit of Bank Vozrozhdenie for first half 2007 was 1,3 billion rubles ($50 million), exceeding the profit for the same period of the previous year by 25,9%.

The Bank’s equity, calculated according to the Bank of Russia methodology, grew 2,5 times compared to H1 2006 result and totaled 13,6 billion rubles ($ 526 million). In May 2007, the Bank successfully placed its 20th issue of shares for 4.6 billion rubles ($177 million).

The total amount of attracted clients’ funds, including due to banks and issued securities, grew by 60,3% during the last 12 months and as at July 1, 2007 was 121,7 billion rubles ($4,7 billion).

Retail funds reached 41,2 billion rubles ($1,6 billion) including balances on card accounts of 9,7 billion rubles ($373 million).

The Bank’s total loan portfolio at July 01, 2007 was 77,7 billion rubles ($3 billion), an increase of 88,0% compared with July 01, 2006. The retail loan portfolio more than doubled during the same period to 12,5 billion rubles ($486 million) including credit card balances of 2,0 billion rubles ($79 million).

Bank Vozrozhdenie’s creditworthiness is confirmed by the international rating agency Moody’s Investors Service that has assigned it a rating of Ba3 and National Scale Rating Aa3.ru. All ratings have stable outlook.