MOSCOW, April 26 (RIA Novosti) - Promsvyazbank, a leading Russian commercial bank, said Thursday its net profit calculated to International Financial Reporting Standards (IFRS) grew 50%, year-on-year, in 2006, to 2.6 billion rubles (about $100 million).
"Profit grew due to larger interest incomes and fees received from the bank's corporate and retail business," Promsvyazbank said in a statement.
Promsvyazbank, ranked among the country's top 30 banks by the Central Bank, said its assets grew 63% in the reporting period to 180.5 billion rubles (about $6.9 billion).
Promsvyazbank is controlled by the Ananyev brothers, who also have holdings in information technology, media, insurance, and industrial companies, and in real estate.
Commerzbank Auslandsbanken Holding AG, a subsidiary of Germany's Commerzbank AG, holds a 15.32% stake in Promsvyazbank.
