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Ukrgazbank Net Assets Rise to USD 1.76 bln in 10M

Ukrgazbank Net Assets Rise to USD 1.76 bln in 10M

21 November 2008

Ukrgazbank (UGZB: HOLD) issued a press release today, reporting net asset growth of 99.2% YTD to USD 1.76 bln. During the period, net income rose to USD 15.0 mln (from USD 4.2 mln in 10M06). The bank’s loan portfolio expanded to USD 883 mln (up 106% YTD): corporate lending rose 103% YTD to USD 663 mln and retail loans to 113% YTD to USD 250 mln.

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