Based on H108 performance, Rosavtobank’s net assets amounted to Rub 2,280 mln. As the lending institution said in a press release, assets climbed 36% from July 1, 2007 to Rub July 1, 2008.
«The bank has been expanding all areas of business» — said the lender’s deputy executive board chairman Vadim Davydov. He went on to say that in January-June 2008 Rosavtobank improved the terms of its standard mix of private deposits, offered new mortgage products and SME loans, and also made several seasonal deposit offers on attractive terms. Given these factors, the lending institution’s deposits jumped 22% from July 2007 to June 2008, while funds attracted from households soared 59% in the same period. The bank’s credit portfolio surged 63%, while loans granted to legal entities leapt 55% and loans given to households jetted 243%.
According to the data from news agency Banki.ru and Interfax-CEA, net assets of Rosavtobank equal Rub 2.23 bln (438th place in Russia). The bank is a member of the national deposit insurance system.
