Bank News

Operating Results of the Russian Bank for Development as of July 1, 2006

24 Июля 2006

In the second quarter of 2006 RBD’s assets increased by 77% as compared with July 1, 2005 and exceeded RUR 21.7 billion. Customer accounts and deposits (inclusive of funds raised from eurobonds) exceeded RUR 5.3 billion - it grew almost 7 times year-on-year. The Bank’s loan portfolio increased by 69% to reach over RUR 7.1 billion. In the second quarter the Bank’s profit exceeded RUR 278.3 million - it is 2.6 times higher than the comparable figures of the last year. As of July 1, 2006 RBD’s capital amounted to RUR 6.2 billion.

Within the framework of the Small Business Lending Support Program RBD has executed credit lines agreements with 71 regional banks for an aggregate amount of RUR 5.3 billion. Since the Program was launched 1909 small enterprises obtained over 2800 loans in total more than RUR 7 billion. The Program is being implemented throughout the entire territory of Russia. Majority of loans extended to regional banks for on-lending small business are to Privolgsky, Central and Siberian federal okrugs.

OAO «Russian Bank for Development»
Public Relations Department
Tel/fax: (495) 783-79-16
E-mail: pr@rosbr.ru


OAO «Russian Bank for Development» (RBD) was established in 1999 pursuant to Decree of the Government of the Russian Federation No. 391-r dated March 10, 1999 and Federal Law "On the Federal Budget for 1999" as a national development bank. The Bank’s core business is to provide long-term loan based funding to projects in priority sectors of the national economy. It is 100% owned by the Government of the Russian Federation through the Russian Federal Property Fund. The Bank’s charter capital is RUR 4.66 billion. RBD was assigned the highest for the Russian banks international credit ratings - Standard & Poor's (BВВ-, outlook stable) and Moody's Investors Service (Baa2, outlook stable).

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