OREANDA-NEWS  On 26 February was announced, that the bank's performance results for 2008 prove fast development rates. The equity increased by 75.9%. The authorized capital grew by 2.8 and made BYR 394.1 billion. For the reported year, the bank earned profit in the amount of BYR 65.6 billion.

Net assets increased by 24.5% and reached BYR 4.45 trillion. ROE and ROA made 14.2% and 1.7% respectively.

The volume of lending operations with customers exceeded BYR 8 trillion in equivalent, which is by 40.3% more than in 2007. The loan portfolio grew by 38.5%.

Development of cooperation with foreign financial institutions allowed to expand the correspondent network by 187 bank. As of January 1, it comprised 851 banks from 87 countries.

The volume of customer payments under foreign trade transactions in the reported year made USD 7.2 billion in equivalent.

The bank actively develops retail business offering individuals more than 170 types of services and maintains leading positions in the country by the volume of obtained individuals' funds.

In the reported year, the customer base of the bank's depositors increased by 106.9 thousand people and their number exceeded 1,238 thousand. The volume of individuals' deposits grew by 33.1%.

The dynamics of development and financial stability, growth of the customer base and assets quality were the grounds for confirmation of individual ratings of the bank by the three leading rating agencies: Fitch Ratings В-, Moody’s Investors Service В+, Standard&Poor’s В2.

The bank's performance results in 2008 were appreciated by awarding "Bank of the Year 2008" title in the nomination "Bank of the Year in Belarus" from the competent economic edition "The Banker" (UK). The bank received this award for the second consecutive year.