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

6 June 2008 (10:39)

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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