Ukrgazbank to Increase Retail Loan Portfolio by 2.5x in 2008

According to Interfax, Ukrgazbank (UGZB: HOLD) plans to increase its retail loan portfolio by 2.5x to USD 693 mln, and thus increase its market share in retail segment to 1.9% in 2008 vs. current 0.9%. Meanwhile, deposit from individuals is planned to be increased by 75% to USD 832 mln (market share of 2.6% vs. 1.9% in 2007), reported Vice Chairman of the bank, Elena Dmitrieva. As of January 1, 2008, Ukrgazbank ranks eighteenth by assets.