Raiffeisen Bank Aval Increases Net Income 71% yoy in 2007
30 January 2008
According to Interfax, Raiffeisen Bank Aval’s (BAVL: HOLD) net income rose 71% yoy to USD 116 mln in 2007. The banks assets increased 60% yoy to USD 8.8 bln in 2007, while its loan portfolio grew 71% to yoy to USD 7.4 bln in 2007. Retail loans expanded by 68% yoy to reach USD 3.5 bln and corporate loans grew 74% yoy to USD 3.9 bln.
