TransCreditBank Group Produced Its 2007 IFRS Statements

Consolidated IFRS statements audited by Ernst and Young point to rapid growth of the Group’s key financial indicators.

By the end of 2007:

- consolidated assets of TransCreditBank Group increased from RUR83.7 bn to RUR142.0 bn (US$5.8 bn) or 1.7 times;

- equity amounted to RUR8.7 bn (US$353 mln) registering a 40% y-o-y increase (RUR6.2 bn at 2006 year end);

- the Group generated RUR2.7 bn (US$110 mln) of net profits 13% up from 2006 (RUR2.4 bn).

The amount of loans issued to clients last year was up 1.6 times totaling RUR91.1 bn (US$3.7 bn) as of January 1, 2008.

The Group significantly expanded its resource base. Total funds raised from clients rose to RUR71.0 bn (US$2.9 bn) 31% up from 2006 figure (RUR54.0 bn).

Major expansion of geographic coverage by member banks proved to be one of the key drivers behind the Group’s rapid development. The Group now has 1,700 offices and ATMs vs. 1,180 a year ago.

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