Bank Saint Petersburg Announces Earnings Results for the Second Quarter and First Half of 2017: Provides ROE Guidance for the Year 2017
For the first half, the company boosted net profit to International Financial Reporting Standards 1.67-fold year-on-year to RUB 3.3 billion. Revenues amounted to RUB 16.2 billion for the first half of 2017, up 5.5% compared with first half of 2016. Return on equity was 10.7%. The company posted net interest income of RUB 9.2 billion in the first half of 2017, which is minus 11% compared to the same period of 2016.
For the year 2017, the company targets ROE of 10%.