MOSCOW, July 24 (RIA Novosti) - Russian Standard Bank said Monday its net profit rose more than 180% year-on-year in the first half of 2006 to 4.8 billion rubles (about $178 million).
Russian Standard Bank, which is among Russia's 30 largest banks by assets, said its assets had grown 30% since the beginning of the year to 155.5 billion rubles (about $5.8 billion) and its shareholder equity had risen 34% to 16.98 billion rubles (about $629 million).
The value of loans extended to customers grew 150% year-on-year in the first half of 2006 to 141.6 billion rubles (about $5.2 billion) as of July 1, 2006. In January-June 2006, the bank extended loans worth $2.12 billion.
By July 1, 2006, Russian Standard Bank had issued 11.2 million credit cards for its clients, an increase of more than 30% on the beginning of the year.
