Financial results

2008 was another successful year for Rosevrobank in spite of global financial crisis. The Bank managed to retain and increase number of both corporate and private customers, kept good quality of loan portfolio (NPL is about 1.2%) and continued to borrow funds on the international markets.

In RUB thousand	31 December 2007 (audited)	31 December 2008 (audited)	Growth
Total Assets	51 625 841	56 966 922	+10,3%
Loans and advances to customers	29 778 888	31 844 558	+7%
Customer accounts	33 279 995	35 843 437	+7,7%
Shareholder's Equity	5 994 885	6 752 349	+12,6%
Net Profit	803 274	829 409	+3,3%

Management of Rosevrobank maximized liquidity between June and September 2008 in order to resist outflow of customers. Although we experienced 20% outflow of corporate customers in autumn funds on customer accounts rose at the end of 2008 by more than 7%. Currently Rosevrobank serves more than 14,000 corporate and 90,000 private customers.

For more information please contact Head of International Business Development Administration Alexander Arkhipov