During the first half of 2016 Rosenergobank generated Rub 120 mln in net profit, the lending institution's press service reported.
As of July 1, 2016 the financial institution's equity (capital) jumped by more than 40% y-o-y to Rub 10.8 bln.
"The bank's earnings jumped on the back of rising commission income, and also following a decrease in allocations to loan loss provisions and other assets," Rosenergobank finance director Mikhail Shorokhov pointed out.
