SibAcademBank summed up the results of its activity in the eleven moths of 2006.. The bank’s net assets grew by 27% in November and amounted to 75,323m RUR on December 1, 2006, which exceeds the figures for January-November 2005 by 3.2 times.

Their balance sheet total came to 99,050m RUR on December 1, 2006, which is 3.6 times better that a year earlier. The bank’s equity basis reached the point of 9,286m RUR, which exceeds the figures for December 1, 2005 by 3.7 times. Their loan portfolio and corporate portfolio have also grown by 3.5 times and 2.9 times, respectively in one year, with the total loan portfolio volume coming to 49,642m RUR (this is 2.9 times more than a year earlier).

SibAcademBank managed to attract 31,296m RUR worth of international investments and issue 8bn RUR worth of the bank’s shares by December 1, 2006.

The balance sheet profit of SibAcademBank has amounted to 2,088m RUR since the beginning of the year, which is 2.8 times greater than in the eleven months of 2005.