OREANDA-NEWS. December 17, 2007. OJSC "Promsvyazbank", one of the leading private-sector Russian banks, has announced its preliminary interim consolidated financial results as of and for the nine-months period ended September 30, 2007.

According to the draft interim consolidated financial statements, prepared in accordance with International Financial Reporting Standards, during the first nine months of 2007, Promsvyazbank's total assets grew by RUB69.7 billion or by 38.6% to RUB 250.3 billion from RUB 180.5 billion on December 31, 2006.

Net profit for the period totaled approximately RUB2.8 billion, an increase of RUB1.2 billion or 72% compared to the same period of 2006.

Due to growth of net profit, shareholders. equity grew by 15.1% to RUB21.2 billion. Total capital as calculated in accordance with the Basel Accord reached RUB30.2 billion. After the interim reporting date, shareholders. equity further increased by RUB4.1 billion in November 2007 through a new share issue, which was pro rata acquired by the bank's existing shareholders.

Executives at Promsvyazbank will give a conference call and webcast in English on the bank's 9M 2007 results under IFRS at 5.00 p.m. Moscow time (2.00 p.m. GMT) on Monday, 17 December 2007. Taking part will be Mr. Artem Konstandyan, First Vice-President, and Ms. Alexandra Volchenko, Vice-President and CFO.

Promsvyazbank's interim consolidated financial statements for the first nine months of 2007 will be reviewed by external auditors by the end of December.