OREANDA-NEWS. September 26, 2007. The balance-sheet profit of the Open Joint Stock Company Bank of Moscow for the 8 months of 2007 averaged 5,4 billion Rbs while the net profit was 3,8 billion Rbs. The balance-sheet profit of the Bank for the 8 months of 2007 was 12% higher than it was for the 8 months of 2006.

The SE of the Bank of Moscow (evaluated according to the strategy of the Central Bank of the Russian Federation) as of 01.09.2007 was 54,1 billion Rbs which is 60% higher than a year ago. The Bank of Moscow is one of the most reliable and well-established financial and credit institutions of Russia and is constantly extending its influence in the market of banking services.

The total assets of the Bank (as per turnover balance sheet) has risen by 45% over 12 months and, as of 01.09.2007, stood at 565,0 billion Rbs.

The total аmount of the raised funds of the clients of the Bank (including the assets of the banks and the issued debt obligations) has increased by 42% over 12 months and, as of 01.09.2007, stood at 420,9 billion Rbs. Of this, the amount of the raised funds proceeding from individuals, including the amounts kept on plastic cards, accounted for 110,5 billion Rbs.

The loan portfolio of the Bank (for corporate clients and individuals) as of 01.09.2007 was 308,1 billion Rbs, having risen by 36% since 01.09.2006. The volume of credits issued to individuals over that period of time has risen by 2,3 times and amounted to 55,4 billion Rbs.

The reliability and trustability of the Bank of Moscow was confirmed by major international rating agencies. According to Moody’s Investors Service, the long-term credit rating of the Bank of Moscow is Baа2. According to Fitch Ratings, the long-term credit rating of the Bank of Moscow is BВВ. The forecast defines the rating as "stable".