Rodovid Bank Looking To More Than Double Its Assets In 2007

16 May 2008

According to Rodovid Bank’s (RODB: BUY) CEO Denis Gorbenenko, the bank plans to more than double its assets to USD 1.5 bln by the end of this year. In 1Q07, the bank’s assets grew by 18% yoy to 851 mln. Additionally the bank announced that it had attracted a one-year USD 20 mln syndicated loan at LIBOR+3.10%.

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