27 Mar 2013 11:58

Vozrozhdenie Bank ups IFRS net profit 50% to 2.33 bln rubles in 2012

MOSCOW. March 27 (Interfax) - Vozrozhdenie Bank boosted its net profit to International Financial Reporting Standards (IFRS) by 50% to 2.331 billion rubles in 2012, according to the bank's materials.

Analysts polled by Interfax had forecast 48% growth in net earnings to 2.357 billion rubles.

Vozrozhdenie's assets climbed by 14% for the year to 209.1 billion rubles. Operating income before provisions came to 14.8 billion rubles, up 15%. Return on equity (ROE) stood at 11.9%, surpassing 10% for the first time since 2008.