Total assets of the Vneshtorgbank group surged 54.4 percent in 2003 to $11.228bn, according to the bank's statement. Shareholders' equity under IAS grew 12 percent to $2.373bn. The bank's loans advanced 58.9 percent to $4.759bn. Customer deposits jumped 74.8 percent to $4.259bn.
IAS profit of the Vneshtorgbank group for 2003 totaled $270m compared to $384m in 2002. However, its net income grew by $3m to $264m.
The Russian government is the major shareholder of the bank with a 99-percent stake. The bank has 46 affiliates in Russia and 5 subsidiaries abroad.
Russia, when signing documents for the sale of Alaska to the United States, was realizing her objective benefit
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War