Net income of Orient Express under IFRS increases in 3 times for semi-annual period

2008.11.01

Orient Express Bank has published the results for semi-annual period of the year 2008 prepared in accordance with IFRS (if you want to get aquaint with the report itself, please, click here). EBITDA index is $ 55.1 mln USD.

Bank's Net income for 6 months of 2008 mounts to $ 37.1mln USD. The income for the period is 3 times bigger than the income for the similar period of the last year. ROA and ROE aggregate 5.4% and 38.2% accordingly.

As on June 30, 2008 the Bank succeeds to mount $ 1.5 bln USD of assets, this is more than twice exceed the amount of assets on June 30, 2007.

As a result of six months Gross Loan Portfolio has increased 32.7% or $ 270 mln US? including volume of loans to individuals that has increased from $ 781 mln USD for the beginning of the year to $ 1, 089.4 mln USD for six months.

Customer accounts continue growth and increase 43% that is $ 724.2 mln USD. For 6 month period of 2008 the amount of term deposits twice rose in comparison with figures for the similar period of the year 2007.