30 Aug 2011 10:52

Gazprombank boosts Q1 IFRS profit 31%

MOSCOW. Aug 30 (Interfax) - Gazprombank boosted net profit to International Financial Reporting Standards (IFRS) 31% year-on-year in H1 2011 to 30.988 billion rubles, gas giant Gazprom , which owns 44% of the bank, said in an earnings report.

Gazprombank, Russia's third largest by assets, according to the Interfax-100 ranking at the end of Q1 2011, had assets of 2.016 trillion rubles as of March 31, up 14.6% from the same date last year, Gazprom said in the report.

Liabilities as of the end of Q1 2011 stood at 1.78 trillion rubles, up 15.4% from a year previously.