Donskoy Narodny Bank more than doubles 2008 <nobr>pre-tax</nobr> profit

PRIME-TASS. Pre-tax profit earned by Donskoy Narodny Bank (DNB) amounted to Rub 61.67 mln in 2008 compared to Rub 27.33 mln in 2007, Alexey Korovin, OTP Bank CEO and DNB board chairman, said at a press conference in Rostov-on-Don.

The lending institution’s 2008 operating profit totaled Rub 80 mln. The bank’s executive attributed a spike in net profit to the well-diversified client base. So, as of January 1, 2009 household loans climbed to Rub 1.9 bln, trade credits to small and midsized enterprises came to Rub 526 mln, corporate deposits grew to Rub 485 mln and private deposits reached nearly Rub 2 bln.