In the January-March quarter of 2009 Smolensky Bank’s net assets reached Rub 6.5 bln compared to Rub 5.7 bln in Q108, i.e. the lender’s assets jumped by 14.2%, the lending institution’s press service reported.
The bank pointed out in a press release that the policy of ramping up assets is compliant with the bank’s development strategy until 2010 and by the end of this period Smolensky Bank is looking to triple its equity capital to become a Top 150 bank in the Russian Federation.
According to the data from news agency Banki.ru and Interfax-CEA, as of January 1, 2009 net assets held by Smolensky Bank were equal to Rub 5.1 bln (274th place in Russia).
