OREANDA-NEWS. JCB “Promsvyazbank”, one of the leading Russian banks, announced its interim consolidated financial statements for 1H 2007, prepared in accordance with International Financial Reporting Standards (IFRS).

According to the interim report, during the first half of 2007, Promsvyazbank’s assets grew by 22.1% to RUR 220.4bln from RUR 180.5bln as compared with December 31, 2006 data. The bank’s net profit for the period amounted to approximately RUR 1.8bln, and represented an increase of 63% as compared to 1H 2006.

During the first half of 2007, shareholders’ equity capital had risen by 9.8% to RUR 20.2bln. Total capital, calculated in accordance with Basel Accord’s requirements, reached RUR 27.2bln. Promsvyazbank’s interim consolidated financial statements were reviewed by the audit company KPMG.