OREANDA-NEWS. February 22, 2008. The past year has proved to be among the most successful ones for the Bank of Moscow.

Thus, the balance profit of the Bank in 2007 totalled 11.3 billion rubles which marks a 56% rise in comparison with the 2006 profit. The net profit made by the Bank was 9.2 billion rubles which is in turn a 60% increase since last year.

The assets of the Bank of Moscow (according to the financial accounts released) had risen by 40% over 2007 and totaled 506.3 billion rubles.

In 2007 the Bank offer its eleventh share issue (in the amount of about 7 billion rubles) and issued junior Eurobonds increasing the bank stock amount by 400 mln USD. Therefore, the bank stock of the Bank of Moscow (calculated in accordance with the methods used by the Central Bank of the Russian Federation) has grown by 23.1 billion rubles over a year (i.e. by 60%) and totaled 61.5 billion rubles as of January 1, 2008.

The number of corporate clients has risen by 11% and totaled 102,500. The number of individual clients is now over 8.2 mln.

The total amount of the funds raised (including the assets of the banks and the debt instruments issued) has grown by 39% over 2007 and totaled 459.4 billion rubles. The total amount of the funds raised for the individual clients category (with the balance on the plastic cards taken into account), was 121.3 billion rubles.

The total number of plastic cards issued by the Bank of Moscow, as of January 1 2008, was 8.7 mln. The number of cash machines has grown by 28% over the past year and is now over 1,500.

The credit portfolio of the Bank (for corporate and individual clients) totalled 330.1 billion rubles as of the beginning of 2008 which marked a rise of 38% over 12 months. The volume of credits granted to individuals has risen more than twice and totalled 69.2 billion rubles.

The Bank of Moscow provides services to its clients through a network of 362 service outlets, including 118 separate divisions (additional offices and bureaux de change) operating in all the administrative districts of Moscow and in a number of towns in the Moscow region. Furthermore, services to the public are also provided via 471 post offices and branch offices of the Bank in the metropolitan region. In 2007 20 offices of the Bank were opened in Moscow and the Moscow region.

The Bank of Moscow has branch and representative offices in practically all economically developed regions of Russia. The total number of separate subdivisions of the Bank located in the regions was 244, as of January 1, 2008. Over the past year the Bank has opened 61 representative offices of the Bank including 2 branch divisions.

In the course of 2007 the Bank of Moscow was constantly improving and expanding its product line in all fields and areas in which it operates. This included implementation of new products for small and medium business enterprises as well as development of new instruments for fund raising for clients and expansion of the product line in the field of mortgage lending and so on.

2007 saw a new advertising campaign being launched by the Bank. The main concept of the brand modification lies in creating a b mental association in the minds of potential customers between the Bank of Moscow and the availability of services, openness before the clients and care for their interests, as well as stability and flexibility.

The reliability and trustability of the Bank has been confirmed by major international rating agencies. Moody’s Investors Service has evaluated the long-term credit rating of the Bank of Moscow as Baа2, the Bank’s Eurobonds were assigned the А3 rating, the forecast was defined as "stable". According to Fitch Ratings, the long-term rating of the Bank of Moscow and the Eurobonds BBB rating assigned were forecast as "stable".