The Moscow ELEKTRONIKA bank has posted 2005 performance based on international accounting standards. The profit doubled to R740.137 million. Assets counted by analysts stood at R10.823b and the capital was at R2.491b. The ELEKTRONIKA bank has opened the dollar correspondent account with the Agricultural Bank of China. This is a second correspondent account opened by ELEKTRONIKA with the Chinese bank. Originally, the bank opened the account with the BANK OF CHINA.
Source: ELEKTRONIKA BANK PRESS SERVICE, July 25, 2006
