SKB-Bank’s balance sheet total came to more than 50 billion RUR in June 2008 compared with only 35.8 billion RUR at the beginning of the year.

SKB-Bank’s Chairman of the supervisory Board Vladimir Pukhov reports the bank’s funds reached over 5 billion RUR, which is the second best result in Ural Federal District.

‘This means the business can expand and keep reaching new heights. A fifty-billion-ruble balance sheet total is a milestone on our way to becoming this region’s largest bank. Even though the business is now growing rapidly, we are not going to stop where we are and hope to achieve even greater growth dynamics,’ he says.

SKB-Bank was rated Russia’s 74th largest bank in terms of assets by RBC.Rating in the first quarter of 2008, which means the bank was promoted by ten positions compared to a year earlier.