Shares of Russian Rosbank soared 39.83% at the opening of trading on April 12, their value reached 133.4 rubles per unit, according to the data of the Moscow Exchange. Quotes began to grow after the investment company Interros announced on Monday its intention to acquire a stake in the capital of Rosbank, owned by the French banking group Societe Generale (PA:SOGN), RBC reported.

At the end of April 11 quotations of Rosbank shares rose by 39.47% to 95.4 rubles per paper. Thus, since the beginning of the rally, the cost of securities soared by 95% – on April 8, trading them closed at 68.4 rubles.

“Now Rosbank is trading below its capital – however, like most Russian banks. But if Rosbank in the new realities will also be able to earn about 20 billion rubles. net profit per year, we can expect that this paper will continue to grow,” – said the head of investment strategies “BKS Investment World” Maxim Shein.

At the same time, the expert warned that in case of concerns about the performance of Rosbank, the latter may trade below its capital. Shein is sure that so far there are no grounds for Rosbank to strongly pull back from the current levels.