MOSCOW, November 20. /TASS/. J.P. Morgan Bank International, a subsidiary of US-based JP Morgan Chase, boosted Russian assets by 48% from March 2022, the Kommersant newspaper reports, citing reporting statements of the bank.

The company tops the list of foreign investment banks in Russia in terms of the asset size, the newspaper said. According to statements under the Russian Accounting Standards, bank’s assets gained 48% to more than 203 bln rubles ($2.3 bln). Liabilities of the bank soared almost twelve-fold from the start of 2022 and amounted to 180.3 bln rubles ($2 bln) as of the end of the third quarter of 2023.

Other foreign investment banks predominantly lowered their assets, the news outlet said.