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Russian Standard Bank net profit rises 33.5% in 2005

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MOSCOW, April 27 (RIA Novosti) - Russian Standard Bank said Thursday its net profit calculated in accordance with the Russian Accounting Standards (RAS) rose 33.5% in 2005, year-on-year, to 5.863 billion rubles ($214.1 million).

The bank said in an auditor's report that its pre-tax profit in 2005 stood at 7.750 billion rubles ($283 million), a 33.8% jump from the last year, with assets almost tripling from 41.228 billion rubles ($1.5 billion) to 112.735 billion rubles ($4.1 billion) in the same period.

The bank, one of the top 30 on a Central Bank list, said its total equity had increased by 59%, year-on-year, to 12.088 billion rubles ($44.3 million).

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