Russian Saint Petersburg bank posted a net profit of RUB10.4bn for 4Q23 under IFRS, making 22% quarter on quarter growth and a return on equity (ROE) of 24%. Renaissance Capital analysts estimated that profit for 2023 overall amounted to RUB47.3bn, flat year on year and making an ROE of 30%. In 4Q23, the bank’s loan book grew by 5% quarter on quarter and 26% y/y, while customer funds recovered by 6% q/q to be at end-2022 levels. Net interest and fee and commission income rose to RUB 16bn and RUB 3bn in 4Q23 (+27% and +3% q/q respectively). “Given the significant growth of assets in 4Q23, the b…