OREANDA-NEWS. The balance-sheet profit of the Open Joint Stock Company Bank of Moscow for the 8 months of 2007 averaged 5,4 billion rubles while the net profit was 3,8 billion rubles. The balance-sheet profit of the Bank for the 8 months of 2007 was 12% higher than over the same period of 2006.

According to the press-sevice of the bank, the SE of the Bank of Moscow (evaluated according to the strategy of the Central Bank of the Russian Federation) as of September 1, 2007 was 54.1 billion rubles, which is 60% higher than a year ago. The total assets of the Bank (as per turnover balance sheet) have risen by 45% over the past 12 months and, as of September 1, 2007, stood at 565,0 billion rubles.

The total аmount of the raised funds of the clients of the Bank (including the assets of the banks and issued debt obligations) has increased by 42% over 12 months and, as of September 1, 2007, totaled 420,9 billion rubles. Of this sum, the amount of the raised funds proceeded from individuals, including the amounts kept on plastic cards, accounted for 110,5 billion rubles.
The loan portfolio of the Bank (for corporate clients and individuals) as of September 1, 2007 was 308,1 billion rubles, having risen by 36% since September 1, 2006. The volume of credits issued to individuals over that period of time has risen 2.3 times and amounted to 55.4 billion rubles.

The reliability and trustability of the Bank of Moscow was confirmed by major international rating agencies. According to Moody’s Investors Service, the long-term credit rating of the Bank of Moscow is Baа2. At the same time, according to Fitch Ratings, the long-term credit rating of the Bank of Moscow is BВВ; a forecast defines the rating as "stable".