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Bank of Moscow net profit up 48% in 2006 y-o-y to $215 mln

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MOSCOW, January 24 (RIA Novosti) - The Bank of Moscow said Wednesday its net profit, calculated to Russian Accounting Standards, gained 48% in 2006 year-on-year to reach 5.7 billion rubles ($215 million).

The bank's balance-sheet profit climbed 37% in the reporting period to 7.3 billion rubles ($275 million).

In 2006, the bank's equity capital increased 39% to 38.4 billion rubles ($1.45 billion), while return on equity (ROE) was 31%.

Established in 1995, the Bank of Moscow is one of Russia's top 30 banks in terms of assets.

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