JSB “ORGRESBANK” summarized the results of the Third Quarter 2007

31.10.2007

JSB “ORGRESBANK” summarized the results of the Third Quarter 2007

ORGRESBANK summarized the results of the Third Quarter 2007. All the key financial items showed substantial growth.

Items

01.07.2007

01.10.2007

RUBt

RUBt

Net Assets

31 488 142

44 085 433

Equity

4 912 392

5 095 302

Customer Accounts

11 380 808

11 706 823

Net Loans

18 573 998

30 984 477

Loans to Banks

553 355

1 102 587

Loans to Corporate Customers and Public

18 020 643

29 881 890

In the third quarter 2007 ORGRESBANK continued strong growth in all the business areas.

The Bank focused on the increase of business volumes with large corporate customers, both national and international, which resulted in significant business growth. The retail business, the second priority area, also continued to grow. Retail lending increased primarily due to mortgage and auto loans.  Thus the Bank’s loan portfolio grew significantly – up 66% compared to the second quarter, while mortgage loan portfolio more than doubled in the third quarter totaling 1.2 billion RUB.

In accordance with the growth plans the bank continued to prepare the launch of new branches in the major industrially developed regions of Russia.


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