In line with the FY08 financial statement, Petroff-Bank’s assets amounted to Rub 7.9 bln or 3% more than a year ago (Rub 7.7 bln), the lending institution’s press service reported. Based on preliminary data, net profit after taxes will come to around Rub 114.7 mln in 2008, up a record 77% from Rub 81.5 mln in 2007. The lender’s equity capital rose from Rub 4.1 bln in 2007 to Rub 4.2 bln in 2008.
The lending institution’s clientele surged 56%. Funds of corporate clients with the bank climbed 58.3% from Rub 530.8 mln to Rub 840.2 mln, while the credit portfolio rocketed 68.2% from Rub 2 bln to Rub 3.4 bln in the reporting period.
According to the data from Banki.ru and news agency Interfax-CEA, as of July 1, 2008 net assets of Petroff-Bank stood at Rub 6.11 bln (242nd place in Russia). The lending institution attracts no private deposits.
