Bank Saint Petersburg announced earnings results for the second quarter and first half of 2017. For the quarter, the company's net profit fell 25.5% year-on-year to RUB 1.8 billion. Revenues amounted to RUB 8.6 billion up 14.7% quarter-on-quarter. Return on equity reached 11.7% in the second quarter. Net interest income is RUB 4.5 billion, which is 2% decline compared to the first quarter of 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%.