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Rodovid Bank increases net income 90.1% yoy in 9M08

Rodovid Bank increases net income 90.1% yoy in 9M08

23 October 2008

Rodovid Bank’s (RODB) 9M08 financial results were published yesterday; the bank increased its net income 90.1% to USD 14.7 mln, net assets rose 80.0% to USD 2.7 bln, and boosted its loan portfolio by 81.4% yoy to USD 1.9 bln. Alexander Viktorov: The pace of Rodovid’s nine month performance put it on track to achieve our full-year forecasts. However, we expect asset growth in the fourth quarter to be minimal; as with most other Ukrainian banks, at Rodovid, asset growth is taking second stage to liquidity concerns. The National Bank of Ukraine granted Rodovid Bank about USD 50 mln in refinancing just two weeks ago.

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