Rodovid Bank’s net income soars 2.5x yoy in 1H08
17 July 2008
Rodovid Bank (RODB: BUY) reported yesterday a 2.5x yoy increase in its net income, to USD 11.3 mln. The bank’s total assets grew 2x yoy to USD 2.5 bln; book value rose 2.6x yoy to USD 245.4 mln; and its loan portfolio expanded 2.8x yoy to USD 2.2 bln. In other news, Rodovid said that it merged its ATM network with Ukrsibbank’s, with the combined network making up 1,600 units (+85% to Rodovid’s previous figure).
