MOSCOW, December 5 (RIA Novosti) - Major private Russian bank Russian Standard Bank expects its net profit to jump 32% in 2005 to $210 million from $159 million in 2004, the bank's board chairman said Monday.
Dmitry Levin said the bank's portfolio of consumer loans and credit cards, accounting for a major share of its assets, would rise 2.5 times to $3.2-3.3 billion in 2005 from $1.3 billion at the start of the year.
"This growth is attributable to the bank's regional expansion and the larger volume of credit card issuance," Levin said.
Levin also said the bank intended to enter into a deal by the end of the week to place a $200 million subordinated Eurobond issue.
Russian Standard Bank is on the Bank of Russia's list of top 30 banks in terms of assets.
