OREANDA-NEWS. August 14, 2007. Transcapitalbank shows a substantial growth of its business and financial performance.

Thus, as of 1 July 2007 Transcapitalbank had total assets of RUR33.1 billion (US$1 293.2 million), with compared RUR19.1 billion (US$746.3 million) as of 1 July 2006.

Transcapitalbank’s equity increased by 60 per cent, from RUR2.4 billion (US$93.8 million) as of 1 July 2006 to RUR3.9 billion (US$152.4 million) as of 1 July 2007.

As of 1 July 2007 Transcapitalbank’s profit exceeded RUR1 billion (US$39.1 million) representing more than 2.9 times increase with comparable figure as of 1 July 2006.

The net income increased more than 3.2 times and amounted to RUR857 million (US$33.5 million).

All the abovementioned figures are in accordance with Russian Accounts Standards (RAS).