OREANDA-NEWS. On July 13, 2007 TransCreditBank has announced its results for 1H2007 according to Russian Accounting Standards, reported the press-centre of TransCreditBank.

Net profit was 1,4 billion roubles (USD 54,6 million), 1,34 times more than for the same period last year.

Net assets increased to 96,7 billion roubles from 71,8 billion roubles as of 1 January 2007, a 35 % increase.

Equity capital increased to 8,8 billion roubles, up from 7,2 billion roubles as of 1 January 2007, a 23% increase.

Most of TransCreditBank’s operations consisted of corporate loans to private clients. As of 1 July 2007 , TransCreditBank’s loan portfolio exceeded 68,9 billion roubles, 27 % more than the figure of 54,3 billion roubles as of 1 January 2007.

Loans to physical persons, in particular to employees at Russian Railways, increased by 44 % to 24,7 billion roubles.

Client deposits at TransCreditBank exceeded 70,3 billion roubles, up 34% from the figure of 52,6 billion roubles as of 1 January 2007.