OREANDA-NEWS. September 21, 2011. In conjunction with media appearances stating the fact of negotiations between the Bank Saint Petersburg’s management and other parties on the possible sale of a stake in the Bank, the Bank informs that no negotiations on this issue are currently in progress, reported the press-centre of Bank Saint Petersburg.

Alexander Savelyev, Chairman of the Management Board, commented: “During the last several years our Bank has been growing ahead of the market being profitable even in the crisis. We continue to develop and 1H 2011 IFRS results published yesterday are a best evidence for it. Every successful company is a subject for mass media discussions on the market interest in it. We understand that Bank Saint Petersburg is an attractive asset, but there are no negotiations on this issue. We are targeted to further development and have a lot of plans and goals which are to be fulfilled in accordance with our existing strategy”.