Ukrgazbank (UGZB: BUY) reported today that its net income grew 53% yoy to USD 13.3 mln in 1H08. The bank increased its total assets 18% yoy to USD 2.5 bln and expanded its loan portfolio 28% yoy to USD 1.3 bln. Ukrgazbank’s retail deposits were up 35% yoy to USD 712.4 mln; corporate deposits rose 25% yoy to USD 307.0 mln.