OREANDA-NEWS. Ukrsotsbank <  USCB UZ USD0.275 Hold  > disclosed its 10M2007 results. Net assets grew by 58.5% over 10M2007 (55.2% over 9M2007) and totalled USD 5.5bn. USCB's credit portfolio increased by 73.8% (68.8% over 9M2007) to USD 4.4bn. In particular, corporate loans rose by 82.8% (70.5% over 9M2007) to USD 2.0bn, while retail loans grew by 73.3% (67.5% over 9M2007) to USD 2.4bn.

As expected, USCB continued to grow rapidly, outpacing overall industry growth. Moreover, Millennium Capital's analysts expect USCB to continue its high asset growth this year, exploiting the bank's good momentum and that of the economy and especially because the final price for USCB to be paid by UniCredit is tied to USCB's assets at the end of the deal. "We think that this news will be neutral for the stock price of the bank, which already reflects high growth rates," the experts guess.