Ukrsotsbank Reports Robust Growth in 5M07
14 June 2008
Ukrsotsbank (USCB: HOLD) increased its assets in 5M07 by 27.8% to USD 4.4 bln. The bank’s gross customer loan portfolio grew 31% YTD to USD 3.3 bln (loans to individuals exceeded loans to corporations USD 1.9 bln to USD 1.4 bln, respectively). Ukrsotsbank’s net income climbed to USD 23.4 mln in 5M07 (from USD 20.8 mln in 5M06). The bank’s equity has seen some volatility in connection with subscription for the bank’s issue of 6.5 bln additional share issue, which is running until June 27. The share issue will bring the bank’s total number of shares to 10.2 bln, almost tripling its share capital to USD 202 mln.
