OREANDA-NEWS. April 10, 2008. In 1Q2008, TransCreditBank, the house bank of Russian Railways, recorded growth on the main financial indicators according to reporting based on Russian Accounting Standards (RAS), reported the press-centre of Russian Railways.

The Bank’s assets increased to 134,6 billion roubles (USD5,7 billion), 1,6 times more than in the corresponding period of 2007. Shareholders’ equity increased 1,8 times to 14,3 billion roubles (USD606,8 million).

The Bank’s pre-tax profit in the first quarter was 232,3 million roubles (USD9,9 million).

The main focus of active operations was lending to corporate and individual clients. As of 1 April 2008, TransCreditBank’s total loan portfolio exceeded 94,2 billion roubles (USD4 billion, an increase of 1,5 times). Loans to individuals reached 38 billion roubles or USD1,6 billion, an increase of 1,9 times.

Clients deposited 87 billion roubles at TransCreditBank (USD2,8 billion, an increase of 1,4 times).