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. Last Updated: 07/27/2016

For the Record

Vozrozhdenie, a top 30 Russian lender, said Tuesday that its first-quarter net profit rose 66 percent to 526 million rubles ($16.9 million), adding that its net interest income before provisions was 2.15 billion rubles in the first three months of 2012, up from 1.36 billion rubles in the same period last year.

Russian-Israeli commercial property developer AFI Development, controlled by diamond dealer Lev Leviev and generating much of its income from the AFIMall City shopping mall in Moskva-City, said first-quarter net profit fell to $7.9 million from $16.7 million during the same period a year ago, due to an increase in finance expenses.

Standard & Poor's Ratings Services on Tuesday affirmed its long-term issuer credit rating on the City of Ufa at BB- and its Russia national scale rating on the city at ruAA- with a positive outlook.

A Sochi court has decided not to fine the Basic Element investment group, responsible for the renovation of Sochi International Airport before the 2014 Winter Olympic Games, 14.7 million rubles ($471,500) for "failing to meet conditions of the renovation agreement," Izvestia reported Tuesday.