OREANDA-NEWS. November 21, 2008. As of 1 November 2008 the Bank of Moscow’s RAS balance sheet profit stood at Rub 6.4 bln while net profit came to Rub 4.6 bln. The Bank’s equity capital calculated on the basis of the RF Central Bank’s methodology increased 22% YTD to Rub 75.8 bln.

The lender’s assets (according to the balance sheet presented as part of the financial statement) grew 38% over the 10 months and equaled Rub 699.4 bln as of 1 November 2008. The total amount of client funds attracted by the Bank (including funds of banks and debt obligations issued) grew 40% to Rub 641.7 bln in 10M08. Private deposits rose by Rub 300 mln to Rub 128.1 bln in October 2008.

The lending institution’s aggregate credit portfolio comprising corporate and private clients topped Rub 473 bln as of 1 November 2008, i.e. a 43% increase YTD. Individuals’ loans climbed 52% to Rub 104.9 bln in the same period.

The Bank’s reliability has been affirmed by major international rating agencies: Moody’s has evaluated the long-term credit rating of the Bank as Baa1 (upgraded in July 2008) with the Bank’s Eurobonds rating at A3. According to Fitch Ratings, the Bank of Moscow has been assigned BBB long-term credit rating with the Bank’s Eurobonds rating at BBB.