Uralfinprombank’s net profit drops 44.17% in July-September 2008

10 October 2008 (09:55)

Uralfinprombank’s net profit dropped by 44.17% in the third quarter of 2008 and reached 20.3 million RUR against 36.37 million RUR in the previous quarter. The bank reports this has to do with having to provide for the reserves that will make up for the possible lending-related losses, unpropitious re-assessment of their securities, or expenses connected with setting up two new offices in the third quarter of the year.

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