Bloomberg News

Promsvyazbank First-Quarter Net Doubles to 1.8 Billion Rubles

May 29, 2012

OAO Promsvyazbank, the Russian lender buying back its shares from Germany’s Commerzbank AG, said first-quarter net income more than doubled to 1.8 billion rubles ($56 million) from a year earlier as it increased lending and fees.

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

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net


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