SKB-Bank is Urals’ fastest-growing bank, RBC.Rating says

RBC.Rating’s analysts came up with the report on the performance of Russia’s largest banks in the first quarter of 2008. It appears that the country’s banking system’s development has slowed down a bit, as the total volume of banks’ assets only rose by 37.5% between April 2007 and April 2008 against the 49.7% increase between April 2006 and April 2007.

Most Ural banks’ growth was comparable with the country’s average figures in January-March 2008. SKB-Bank was the fastest-growing bank among those based in the Urals on the country’s Top 100 list; the bank’s assets went up by over 65% throughout one year, which resulted in SKB-Bank’s promotion in the Top 100 rating from the 83d to the 74th position.

RBC.Rating reports SKB-Bank’s assets reached 31.28 billion RUR on April 1, 2008 and more than 33.6 billion RUR on May 31, 2008.


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