OREANDA-NEWS. November 20, 2007. In 3rd quarter of the current year International Moscow Bank (IMB) has shown net profit of RUR 1,2 billion, up by 21% YoY, reported the press-centre of IMB.

Net result for 9 months 2007 amounted to RUR 4,7 billion which is ahead more than 40% comparing to same period last year result. At the same time net total loans to customers made up RUR 228,5 billion, up by more than 71% YoY. Total assets as of October 1, 2007 amounted to RUR 312, having grown by 50% in comparison with 3rd quarter 2006 data, and equity almost doubled and reached RUR 33,2 billion. Data for 9 months 2006 result are normalized (excluding one-off events).

For information: IMB financial indexes as of October 1, 2007: total assets:RUR 312,2 billion (RUR 208,2 billion YoY), equity: RUR 33,2 billion (RUR 17,1 YoY), net total loans to customers: RUR 228,5 billion (RUR 133.3 billion YoY), deposits from private individuals: RUR 25,3 billion (16,6 billion YoY), deposits from other clients — RUR 153,6 billion (RUR 103,7 billion YoY).

IMB network currently consists of 59 branches in 22 Russian regions. There are 2,5 thousand employees working with IMB and serving over 350 thousand private individuals, about 11 thousand small and medium enterprises (SME), as well as about 3,5 thousand large enterprises.

3rd quarter results of IMB were reached within the framework of further successful integration into UniCredit Group, which perceives Russia as one of the most promising markets. This strategic interest was particularly proved in August 2007, when Bank Austria Creditanstalt — responsible for CEE markets within the Group and holding 100% of IMB shares — injected more than RUR 7,6 billion to raise the Bank’s share capital.

IMB strategic guideline is to keep up with its track record of a leader in efficiency and bottom line growth while competing to stay ahead of the fast growing market in all business segments and, in particular, to grow market share and acquire customers in retail, retain and sustain corporate market share (focusing on cross-selling and more sophisticated products) and to expand distribution network to over 100 branches in key regions.