Net profit earned by Rostpromstroybank (Rostov-on-Don) under IFRS in 2008 amounted to Rub 133.73 mln or 10.7-fold higher than in 2007, the lending institution’s press service reported. The bank’s representatives believe primary factors that pushed up earnings were a spike in the credit portfolio, income from client operations, commission fees and own funds of the shareholders.
According to the data from Banki.ru and news agency Interfax-CEA, as of January 1, 2009 net assets of Rostov Investment Commercial Industrial Construction Bank stood at Rub 3.2 bln (361st place in Russia). The lending institution is a member of the national deposit insurance system.
