MOSCOW, May 15 (RIA Novosti) - Russian Standard Bank said Monday its net profit rocketed more than 100% in the first quarter of 2006, year-on-year, to 2.3 billion rubles (about $85 million).
The bank, one of Russia's leading financial institutions, said its assets grew 15% in the reporting period, to 133.3 bln rubles (about $4.9 bln), and its equity capital rose 14.5% to 14.5 bln rubles (about $537 million). The value of outstanding loans grew 20% to 123.6 bln rubles (about $4.57 bln).
Russian Standard Bank is among the country's top thirty banks in terms of assets. Russian Standard Company holds a controlling interest in the bank (90.75%) while Rust Inc. holds 2.82%. The bank's assets in 2005 totaled 115.9 billion rubles (about $4 billion) and its net profit was 5.86 billion rubles (about $204 million).
