OREANDA-NEWS. October 27, 2011. Rosbank’s net income in the third quarter of 2011 increased by 56% as against to the second quarter and accounts for 3.1 billion rubles. During first 9 months of this year bank's profit reached 6 billion.

In 2011 the bank's profit in the third quarter is more than 2 times higher than last year’s one. The reason is more efficient retail banking business development. Retail income was a key driver of profit growth in the reporting period.

"The high third quarter’s rate was the result of improved corporate management and operating efficiency. As the retail business is rapidly growing segment, it first adapted to inner -reforming and made a significant contribution to shown bank’s profit. After combining Societe Generale’s Russian banking assets Rosbank’s current mission is to raise business profitability. By 2015 we would have doubled the net income of bank ", - said Vladimir Golubkov, Rosbank’s Chairman of the Board.