Vneshtorgbank, Russia's second-largest bank in terms of assets and equity, said its consolidated net assets increased from $36.7 billion in 2005 to $52 billion in 2006 and its equity was up from $5.3 billion to $7 billion.
Vneshtorgbank, which is set for a global offering of its stock on the London and Russian bourses in May, said the value of its client loan portfolio expanded 50%, year-on-year, in 2006 to $29 billion.
The value of lending to households climbed almost twofold to $2.5 billion and the value of funds on household deposit accounts went up 41% to $7.3 billion, the bank said.
In 2006, Vneshtorgbank launched 11 new investment projects worth more than 31 billion rubles (about $1.2 billion) in Russia and abroad, the bank said.
