ROE drops 40% in December 2008

Bank Severnaya Kazna’s return on equity plummeted by 40% in December 2008. According to the available data, the bank’s ROE was estimated at -1% in November 2008 and at -41% by January 1, 2009.


Then, the bank’s return on assets was assessed at -3.5% on January 1, 2009 against -.1% in November 2008.


All the data are available from Bank24.ru’s official website featuring a report on the performance of Sverdlovsk Region’s banks on January 1, 2009.


As a matter of fact, the decrease in the bank’s profitability became obvious after Bank Severnaya Kazna had been bought by Alfa-Bank.


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