Gazprom's board of directors approved in October the sale of a 24.9% stake in Gazprombank to another of its subsidiaries, the Gazfond pension fund.
Gazprombank, which is the third-largest Russian bank in terms of assets, earlier said its assets grew 42% in 10M06, year-on-year, to 616.3 billion rubles ($23.41 billion), and that its shareholder equity rose 32%, to 57.9 billion rubles (about $2.2 billion) as of November 1, 2006.
Loans to customers grew 38%, to 396.4 billion rubles (about $15 billion). The value of corporate deposits went up 25%, to 256.3 billion rubles (about $9.6 billion), and the value of individual deposit accounts grew 15%, to 50.3 billion rubles ($1.9 billion).
A deputy board chairman of Gazprombank said in November the bank could hold an initial public offering of its shares on Russian and foreign stock exchanges in the fall of 2007.
