Support The Moscow Times!

Gazprombank Profits Up

Gazprombank posted 19.56 billion rubles ($698.93 million) in net profit according to Russian accounting standards for the first half of 2011, the bank said in a statement Thursday.

This was a year-on-year increase of 220 percent from 6.16 billion rubles posted for the first half of 2010.

Total consumer loans increased 25.4 percent to 79 billion rubles while corporate loans went up 0.9 percent to 963.5 billion rubles. Total funds placed in Gazprombank by corporate clients decreased 0.6 percent to 1.18 trillion rubles in the first half. Total individual deposits increased by 9.5 percent to 225.8 billion rubles.

(Interfax)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.