Russian Standard Bank IFRS net profit up by 60% y/y in Jan-Sep.

By bne IntelliNews November 7, 2011
IFRS net profit of Russian Standard Bank amounted to RUB 3.95bn (USD 129mn) in Jan-Sep 2011, up by 60% y/y. No other details were provided other that bank's assets rose by 14% ytd to RUB 156bn in the reporting period and that bank's loan portfolio went up by 22.3% ytd to RUB 100bn. This year the bank plans to reach a RUB 5bn-RUB 5.5bn net profit. Russian Standard Bank was established in 1999. It is one of the largest domestic private consumer lending banks and one of Russia's top 50 banks.

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