Finance & Credit Bank’s Net Income Rises 2.8x yoy in 2007
30 January 2008
According to Interfax, Finance & Credit Bank’s net income rose 2.8x yoy to USD 55.4 mln in 2007, while net assets surged twofold to USD 2.9 bln. The bank announced it intends to enlarge its regional network by 15% to 440 branches in 2008 and by 14% to 500 branches in 2009. Bank chairman Vladimir Khlivniuk said that Finance & Credit Bank is planning to attract USD 39.6 mln in Eurobonds in March 2008. The bank has announced its intention to conduct an IPO on AIM in early March.
