As of July 1, 2003, the consolidated credit portfolio of Rosbank reached $1.25bn which is 25% higher against the beginning of 2003 when it was reported as equal to some $1bn, the press service of the bank told RBC.
41% of the credit portfolio went to industrial enterprises in the first half of 2003. In addition, the bank was actively crediting trading companies (9%), energy companies (5%), construction enterprises (3%) and others. Following positive tendencies on the securities market, Rosbank intensified its activities with financial institutions (5%). The share of credits allocated to regional and municipal administrations of the Russian Federation accounted for 18% as of July 1, 2003.
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America