Bank Saint Petersburg recently announced its performance for the first half of 2014 under Russian accounting standards (RAS).
The bank said net income for the period increased three times compared to the same period last year, amounting to $86.4 million.
Net interest income for the first half of the year jumped by 48.4 percent, compared to the same period in 2013, reaching $237.1 million. Net fee and commission income rose by 14.6 percent, compared to 2013, totaling $39 million.
In addition, retail customer deposits in the first half of the year increased by 2.7 percent, to reach $3.3 billion, while total capital as of July 1 amounted to $1.3 billion.
According to Interfax rankings, Bank Saint Petersburg is the 15th biggest bank in Russia in terms of assets and 16th in terms of retail deposits. The bank serves more than 1.4 million individuals and approximately 55,000 corporate clients.
- BELARUS MINISTRY OF FOREIGN AFFAIRS: Ambassador of Belarus V.Kolesnik meets the Deputy Secretary-General of ASEAN
- BANK OF GEORGIA: The Bank of Georgia has received the Global Finance Award for "Best Internet Banking for Businesses in Central and Eastern Europe"
- FIRST UKRAINIAN BANK - UKRAINE: FUIB doubled sales of OSAGO insurance policies
- CENTRAL BANK OF AZERBIJAN: On holding auctions on attracting funds by the Central Bank
- UNICREDIT - AZERBAIJAN: UniCredit launches first ETFs combining factor strategy with ESG criteria on European equities
- THE BLACK SEA TRADE AND DEVELOPMENT BANK: AIIB, EBRD and BSTDB co-finance expansion of Turkey’s largest geothermal power plant
- GOVERNMENT OF BELARUS: Lukashenko: Belarus wants to deepen economic ties with Latvia
- GOVERNMENT OF ARMENIA: Open Government Partnership Initiative Working Group Holds Meeting
- EUROPEAN INVESTMENT BANK: France: Derichebourg receives EIB financing of 130 million euros under the Juncker Plan
- INTERNATIONAL MONETARY FUND: IMF Executive Board Completes the Second Review under the Extended Credit Facility Arrangement and Approves US$25 Million Disbursement to Burkina Faso