"Bank "Saint-Petersburg" Public Joint-Stock Company announced earnings results for the second quarter and first half 2020. For the second quarter, revenues amounted RUB 8.7 billion, which grows 10% year-on-year. Net interest income shows impressive growth, more than 13% year-on-year basis, while commissions dropped by 6% due to pandemic and decline in economic activity for the period. Cost of risk composed 2.5%; and cost to income, slightly below 40%. It gives RUB 2 billion net profit for this period, which implies almost 10% ROE. Second quarter was favorable for trade, and the company posted about RUB 400 million profit for this period. For the first half, net income increased by almost 4% year-on-year. Net interest income and net fees and commission income increased by 11% and 10%, respectively. Interest income declined by 10% for the first half of 2020 year-on-year.