OREANDA-NEWS. Raiffeisen Bank Aval has disclosed its 9M2007 results. Company's net assets grew by 49.1% over 9M2007 (36.6% over 8M2007) and amounted to USD 8.2 bn, investment company Millennium Capital informs. This growth is slightly less than that of the banking industry for the same period (49.6%). The bank finished 9M2007 with net income of USD 108.1mn, which is 72.6% more than in 9M2006 (8M2007 y/y growth was 61.0%). This yields 2007 an expected ROE of 15.8% (ROE was 13.6% in 2006), which is more than in the banking industry as a whole (12.8%).

The growth of Raiffeisen-Aval net income accelerated substantially in this year's September.