VTB 24 retail bank assets rise 81% in 1H06

MOSCOW, July 6 (RIA Novosti) - Vneshtorgbank Retail Financial Services said Thursday its assets calculated to Russian Accounting Standards rose 81% in the first half of 2006 to 133.33 billion rubles (about $4.9 billion).

Vneshtorgbank Retail Financial Services, which is a subsidiary of state-owned foreign trade bank Vneshtorgbank and operates under the brand name of VTB 24, said its shareholder equity expanded 82% in the reporting period to 13.69 billion rubles (about $506 million).

The bank's retail credit portfolio grew 270% to 28.18 billion rubles (about $1.04 billion). The value of mortgages went up 770% to 5.8 billion rubles (about $215 million), loans to small and medium-sized business rose 260% to 10.04 billion rubles (about $372 million) and consumer loans expanded 190% to 12.34 billion rubles (about $457 million).

VTB 24 also said the value of household deposits grew 160% to 29 billion rubles (about $1.07 billion) as of June 30, 2006.

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