OREANDA-NEWS. On May 05, 2008 MBRD announced results for 2007: the consolidated assets of the Bank group had 127% growth that totaled \\$ 5 010,0 mln, the consolidated capital (tier 1 and tier 2) had 72% growth and totaled \\$ 392 mln, the consolidated net income had 142,7% growth up to \\$ 35,3 mln., reported the press-centre of MBRD.

Following the long-term strategy of MBRD, the assets of the Bank group by 2010 should be increased up to \\$ 14 billion. Furthermore, the owned assets of Moscow Bank for Reconstruction and Development should exceed more than \\$ 8 billion. The Bank Group is planning to enter TOP - 15 of the largest Russian banks.

"About \\$ 570 mln is planned to be invested in М&А transactions by MBRD in 2008. This amount is enough for 2-3 such transactions in Russia or CIS. The top priority countries and regions for the expansion are the same with the strong presence of JSFC "SISTEMA", which are:

Byelorussia, Uzbekistan, Armenia, and additionally - Ural region, Western Siberia, the southern part of Volga region and Northwest region. Talking about the financial forecast, our aim is to finish the year with the following results: the loan retail portfolio by the end of this year should be about \\$ 1,8 billion, amount of the private persons' deposits should total \\$ 1,2 billion. I'm sure that such dynamics will enhance the development of our Bank, its capital growth and will make our position even more strong and competitive among other banks", the Chairman of the Management Board of the Joint Stock Commercial Bank "Moscow Bank for Reconstruction and Development" (MBRD) Sergey Zaytsev, stressed.
 
*Data covers MBRD group (MBRD, East-West United Bank, "Nostro" Ltd, "Invest-Svyaz-Holding" CJSC, "Sistema-Finleasing" CJSC, "Leasing-Maximum" Ltd, "MBRD-Capital" Ltd, "MBRD-Finance" Ltd, "Sistema К-Invest" CJSC, IFRS).