08.12.2008 /Financial Statements
TransCreditBank Group Produced its IFRS Statements for 9 Months of 2008
Consolidated IFRS statements reviewed by Ernst and Young Vneshaudit point to improving key financial indicators of TransCreditBank Group. Based on QI-III performance in 2008: - the Group’s consolidated assets were up to RUR189 bn (US$7.5 bn) vs.RUR142 bn as of January 1, 2008, or 1.3 times; - the Group generated RUR1.6 bn of net profits (US$61.6 mln) virtually on a par with the profits figure of QI-III 2007 (RUR1.7 bn); - the amount of loans issued by the Group increased 1.6 times, reaching RUR141.1 bn (US$5.8 bn) as of October 1, 2008; - total amount of clients’ liabilities stepped up to RUR113.4 bn (US$4.5 bn) 60% up from the opening figure of 2008 (RUR71 bn). As of October 1, 2008 shareholders’ equity amounted to RUR14.4 bn (US$568 mln).
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