'KPMG - the company we’ve chosen to audit our consolidated accounts in 2006 - is one of the largest globally recognized enterprises,’ SKB-Bank’s Chief Accountant Oleg Morozov says.

'KPMG’s audit report confirms that the bank and its leasing division’s assets amounted to 18.747 billion RUR on December 31, 2006. SKB-Bank’s capital came to 1.34 billion RUR, its profit reached 231.7 million RUR. Our assets went up by 61% (based on IAS), our net profit by over 80%,’ Mr. Morozov notes.

'This audit report can be used as the bank’s official financial statement. We mainly reveal these data to our foreign partners, since they have been presented in a way they are used to working with. Besides, a report prepared by an independent auditor fortifies the validity of the information we provide,’ the bank’s press release states.

'SKB-Bank intends to borrow some large sums on both domestic and foreign markets in the near future. The transparency of our accounts is expected to attract investments in a way that suits us best,’ the press release says.