Bloomberg News

Bank Vozrozhdenie Rises After First-Quarter Profit Jumps 66%

May 22, 2012

Bank Vozrozhdenie, a Russian lender, advanced the most in more than a month after posting a jump in first-quarter profit.

Bank Vozrozhdenie gained 3.3 percent to 478.90 rubles, the most since April 11.

Net income grew 66 percent to 526 million rubles ($17 million) from a year earlier, in line with the average analyst estimate. Operating income rose 39 percent to 3.04 billion rubles from a year ago, according to a statement on the company’s website.

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net; Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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