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Bank of Moscow posts 47% increase in assets' value in 10M06

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MOSCOW, November 24 (RIA Novosti) - Russia's Bank of Moscow said Friday the value of its assets rose 47% between January and October 2006, to 380.7 billion rubles ($14.33 billion).

The bank's shareholder equity increased 25.3% since the start of the year, to 34.7 billion rubles ($1.31 billion) as of November 1.

Net profits reached 5.2 billion rubles ($195.78 million) over the period, a 36% increase on the 2005 year-end figure.

Deposits grew 48% between January and October, to 293 billion rubles ($11.03 billion) as of November 1. Deposits by private individuals reached 75.6 billion rubles ($2.85 billion).

The bank's credit portfolio grew 41% in the first 10 months of the year, to 228.2 billion rubles ($8.59 billion), with loans to private individuals doubling to 29 billion rubles ($1.09 billion).

Established in 1994, the Bank of Moscow ranks among Russia's top five banks, and operates 179 branches across the country.

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