OREANDA-NEWS. September 22, 2009. The consolidated financial statements of TransCreditBank Banking Group for the first two quarters of 2009, prepared in accordance with the International Financial Reporting Standards and reviewed by Ernst&Young Vneshaudit, reflect the positive dynamics of the Group in the difficult financial and economic environment.

As of July 1st 2009 and compared to July 1st 2008:

- consolidated assets of TransCreditBank Group increased 1.3 times to 220.4 billion rubles (7.1 billion US dollars) from 170.8 billion rubles;

- loans to customers grew 1.2 times from 120.3 billion rubles to 144.1 billion rubles (4.6 billion US dollars);

- amounts due to customers increased to 133.3 billion rubles (4.3 billion dollars), which is 1.5 times higher than in 2008 (91.7 billion rubles).

TransCreditBank Group earned a net income of 937.8 million rubles (30.2 million dollars) during the first two quarters of 2009.

TransCreditBank Group’s capital increased 1.8 times during the last 12 months from 9.4 billion rubles to 16.9 billion rubles (544.8 million).