Net profit earned by Sotsgorbank amounted to Rub 60.19 mln in 2008, the lending institution’s press service reported Thursday. Meanwhile, equity capital soared 44% from Rub 1.43 bln to Rub 2.06 bln.
“Although the rate of growth slowed down compared to 2007 the lender managed to exhibit improving indicators notwithstanding the difficult external environment throughout 2008. Even last fall when the crisis intensified the lending institution managed to keep positive dynamics. In July-December 2008 assets jumped 5% compared to the first half," the bank’s deputy management board chairman Oksana Ulanova commented.
According to the data from Banki.ru and news agency Interfax-CEA, as of January 1, 2009 net assets of Social City Bank totaled Rub 15.9 bln (131st place in Russia). The lending institution is a member of the national deposit insurance system.
