MOSCOW, August 28 (RIA Novosti) - Russian Standard Bank said Monday its net profit for the first half of 2006 increased 180% year-on-year to 4.79 billion rubles ($178 million).
The largest specialized consumer finance bank in Russia, Russian Standard Bank ranks among the top 30 domestic banks. The bank is majority owned by Russian Standard, which also owns a popular eponymous vodka brand and insurance company.
The bank's pre-tax profit in January-June climbed 160% against the same period of 2005, reaching 7.52 bln rubles ($281 mln).
In the second quarter, bank assets edged up 0.5%, and totaled 133.95 bln rubles ($5 bln) as of July 1, against 133.3 bln rubles ($4.99 bln) on April 1. The bank's own capital increased 16.6% to 16.96 bln rubles ($634 mln).
