MOSCOW, April 5 (RIA Novosti) - Investment Trade Bank, rated by The Banker magazine among the 50 fastest growing banks in CIS, said Wednesday its household deposits grew 90% to $112.5 million in 2005.
The bank's equity capital rose by $3.6 mln to $42.5 mln year on year, with gross profit doubling year on year to $8.2 mln.
ITB Board Chairman Vladimir Gudkov told a news conference at RIA Novosti that the bank had significantly expanded its consumer credit operations in the last two years, issuing consumer loans worth $240 mln in 2005. The current loan portfolio constitutes 57% of the bank's inventories.
The bank was established in 1994 and mainly provides services to small and medium-sized Russian companies.
Moody's Rating Agency gave long-term credit rating Baa1 (rus) to the bank in March 2005.
