OREANDA-NEWS. May 5, 2010. TransCreditBank Group released Consolidated Financial Statements under IFRS, including independent auditors’ report by Ernst&Young Vneshaudit. The positive developments during 2009 include:

Profit for 2009 increased 18.4% to RUB 4.1 billion (USD 136.8 million), up from RUB 3.5 billion in 2008.

TransCreditBank Group’s total assets grew 5.8% to RUB 258.5 billion (USD 8.5 billion) as at YE 2009. Total equity increased to RUB 20.2 billion (USD 666.3 million), up 23.9% from RUB 16.3 billion as at YE 2008.

Net loans to customers rose to RUB 143.3 billion (USD 4.7 billion), up 1.2% from RUB 141.6 billion as at YE 2008 (including net investments in leases reclassified from Other assets to Loans to customers).

The Group’s funding base also improved, with customer accounts increasing to RUB 152.1 billion (over USD 5 billion), up 15.3% from RUB 131.9 billion in the previous year.

Please see TransCreditBank Group’s commentary on 2009 financial results under IFRS here: http://www.tcb.ru/eng/financial/IFRS/article14448.shtml.