"Bank "Saint-Petersburg" Public Joint-Stock Company announced earnings results for the first quarter of 2018. For the quarter, the company reported net income of the bank for the quarter increased by 25% year-on-year, up to RUB 1.8 billion. Net interest income was RUB 5.05 billion, which is 13.5% increase year-on-year compared to the RUB 4.45 billion from the first quarter of 2017. The company has posted RUB 7.3 billion of revenues, which is flat year-on-year. ROE was 10.6%, which is better than first quarter of 2017 and the previous quarter, fourth quarter 2017 as well.

For the year 2018, the company expects to post 12% to 14% ROE for the full year.