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Alfa-Bank Group IFRS net income up 5.4%, to $190.3 mln in 2006

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MOSCOW, April 26 (RIA Novosti) - Alfa Bank Group, which includes Alfa Bank and its subsidiaries, said Thursday its net income, calculated to International Financial Reporting Standards (IFRS), grew 5.4%, year-on-year, in 2006, to $190.3 million.

Alfa Bank, which is on a list of the country's top 30 banks published by the Central Bank of Russia, said its consolidated assets increased 54.6% in the reporting period, to $15.2 billion, its credit portfolio climbed 64%, to $9.8 billion, and its equity rose by 52% ($455 million), to $1.3 billion.

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