Net assets of "Aval" bank have exceeded 9 billion hryvnas, reported the Bank press service with reference to the financial department of "Aval" bank.

According to the department, during 11 months of 2003 net assets of the Bank have increased by 3 billion hryvnas and as of December, 1 2003 made 9,046 billion hryvnas. Accordingly, the growth rate of net assets of "Aval" bank has exceeded 51 percents in comparison with 50 percents for all banking system.

As it was noted in the financial department, the client credit portfolio was marked by the greatest growth rates in structure of assets, the pure growth of which from the beginning of the year made 2,3 billion hryvnas — up to 6,6 billion hryvnas.

According to the department, the basic source of financing active operations were funds of the population, the total volume of which increased since January, 1 2003 by 1,6 billion hryvnas and exceeded 3,9 billion hryvnas.

Also, as it was reported in the financial department, during current year the authorized capital of the Bank has considerably increased — by 300 million hryvnas — up to 800 million hryvnas. As a result "Aval" bank has taken the first place among Ukrainian banks on volume of the authorized capital, having left behind the previous leader — Prominvestbank.