MOSCOW, April 27 (RIA Novosti) - Vneshtorgbank Retail Services (VTB24), said Thursday its shareholder equity rose 6% in the first quarter of 2006 to 7.94 billion rubles (about $289 million) from 7.51 billion rubles (about $273 million).
VTB24, which is a retail division of Russia's state-run foreign trade bank Vneshtorgbank, said its total assets had risen 30% in the reporting period to 95.95 billion rubles (about $3.5 billion).
Net loans to customers grew more than 28% in 1Q 2006 to 41.20 billion rubles (about $1.5 billion). Balances on customer deposit accounts increased more than 60% in the reporting period to 27.13 billion rubles (about $990 million).
Gross profit was 399 million rubles (about $14.5 million) in 1Q 2006.
The core shareholders of VTB24 are Vneshtorgbank (86%) and the Russian State Property Committee (12.5%).
Vneshtorgbank Retail Services is on a list of the country's top thirty banks published by the Central Bank of Russia.
