OREANDA-NEWS. On February 05, 2007 Bank Societe Generale Vostok has summed up its activity results of 2007, reported the press-centre of Bank Societe Generale Vostok.

NBI of BSGV for 2007 has totaled to RUB 4,8 bln.

During 2007 BSGV demonstrated positive dynamics and profitability of all main business directions. The results of previous years’ investments became obvious, especially those that have been done into the development of the retail banking network and the corporate banking platform. Good result is also the consequence of the policy of diversifying of the bank portfolio and improved cost control.

Assets of BSGV as of January 1, 2008 amounted to RUB 109,4 bln. Thus, in comparison with previous year’s asset growth totaled to 96,5%.

Capital of BSGV as of January 1, 2008 amounted to RUB 5,8 bln that is + 17,3% in comparison with the sum of shareholder’s equity for the same date of the last year. To support BSGV in fulfilling its ambitious goals for 2008, an additional capital increase for about RUB 3,5 bln is going at the moment.

Deposits and customers current accounts as of January 1, 2008 amounted to RUB 31 bln, that is + 81% in comparison with the figures for the same date of the last year. As of January 1, 2007 it was RUB 17,1 bln.

Loans portfolio as of January 1, 2008 amounted to RUB 82,3 bln. This index for the same period 2007 was 35,6 bln rubles. Thus, in comparison with the corresponding period of the last year loans of BSGV have increased more than twice or by 130,8%.