OREANDA-NEWS. May 25, 2007. The balance sheet profit of the Bank of Moscow for the first 4 months of 2007 amounted to 4.7 billion roubles and its net profit to 3.8 billion roubles. The Bank’s balance sheet profit for the first 4 months of this year is 84% higher than the profit for the first 4 months of 2006, and the respective net profit figure is 82% higher than last year.

The Bank of Moscow’s equity capital (calculated in accordance with the methodology of the Central Bank of the Russian Federation) as of 01 May, 2007, amounted to 46.9 billion roubles, which is 59% more than a year ago. In April 2007, the Bank placed 11 share issues to an aggregate sum of 7.0 billion roubles

The Bank of Moscow is one of the most stable financial and business institutions in Russia and it is constantly expanding its influence on the market for banking services.

The Bank’s total assets (according to the trial balance sheet) increased over the 12 months by 52% and, as of 01 May, 2007, totalled 478.0 billion roubles

The total sum of funds drawn from the Bank’s clients (including the funds of banks and debt liabilities issued) increased over the 12-month period by 65% to reach 369.0 billion roubles on 01 May, 2007. Within this sum, the volume of funds drawn from individuals, including bank card funds, amounted to 97.4 billion roubles

The Bank’s credit portfolio (for corporate and individual clients) totalled 266.1 billion roubles on 01 May, 2007, this constituting a 46% rise over 01 May, 2006. The volume of loans granted to individuals rose 2.5-fold over the same period, to reach 41.1 billion roubles.

The Bank’s reliability is confirmed by the biggest international rating agencies. Moody's Investors Service gives it a long-term credit rating of Ba а 2.

Fitch Ratings gives the Bank of Moscow a long-term credit rating of B ВВ . The ratings forecast is “stable”.