Russia’s Bank Saint Petersburg posted RUB13bn ($144mn) net profit in 1Q24 (down 11% year on year, but up 13% quarter on quarter), making a return on equity (ROE) of 29%. As followed by bne IntelliNews, the bank’s profit for 2023 overall amounted to RUB47.3bn, flat y/y, and making an ROE of 30%. In May 2024 the bank announced dividend of RUB23.37 per common share and RUB0.22 per preferred share for 2023. Renaissance Capital wrote on May 20 that the bank estimates the impact of the dividend payment on capital adequacy at 1.2 percentage points. Total capital adequacy increased by 0.7 pp to 21.2% …