2006 showed substantial growth by all financial parameters. The profit for the reported period reached 101.3mln rubles, which was 35.8 mln. rubles more than in 2005. Thus the profit grew 1.5 times more than in 2005. The own capital of the Project Financing Bank as of January 1, 2007 was stated at 1.1 bln. rubles, the balance sheet total – 12.3 bln., showing the 57% growth. The Project Financing Bank’s assets grew substantially and hit 10 bln. rubles mark, which allowed the Bank to be included in the rating list of the biggest banks of Moscow. The “Expert RA” rating agency marked the Bank’s credit standings at “A” which is the highest level of reliability.

In the beginning of 2006 the Project Financing Bank issued an opening bonds loan totaling 500 mln. rubles. This helped attracting funds for concrete projects, as well as further realization of the program of external loans. This program’s main goals are the diversification of the resources and creating the public credit history of our bank. The funds attracted through placement of securities were used to finance our main activity: crediting of small and medium-size businesses and attracting new borrowers. The bank bills’ portfolio adequately rose to 620 mln. rubles.

The high level of our productivity becomes obvious if we look at the turnover of the Bank’s operations with other credit organizations’ bills, which totaled over 3.5 bln. rubles, as well as at the volume of the operations on the inter-bank crediting.

The bank is expanding it’s clientele and resources. The number of bank accounts of clients rose up to 3700 in 2006, the volume of attracted funds increased by 84%. The volume of operations on plastic cards rose 57%. In absolute figures it reached 52.28 mln. rubles at the beginning of 2007. The total volume of processed credits on plastic cards almost doubled in 2006. We also focused on attracting deposits from businesses. The bank offered our clients a flexible and wide array of account choices, allowing to place companies’ funds in Russian rubles, as well as in foreign currencies thus increasing the deposits portfolio in 2006 by 34.5 times.