In the first half of the year Petrocommerce Group’s IFRS net profit came to Rub 31 mln, the lending institution said in a press release. During the year-earlier period the bank posted a loss of Rub 1.6 bln.

The lender’s interest income jumped 20% to Rub 11.8 bln. Net interest income reached Rub 4.7 bln (up 13%), while commission income climbed 17% to Rub 1.7 bln.

The banking group’s assets grew 8% to Rub 259.2 bln. The bank’s credit portfolio expanded 4% to Rub 182.8 bln in January — June 2014.

Funds of the bank’s clients came to Rub 149.4 bln, up 7% primarily on the back of the funds drawn from corporate clients.