Investbank’s net profit nosedives 75.5%

14 July 2009 (11:11)

The net profit of AKB Investbank plunged by 64,285,000 RUR, or 75.5% (from 85,202,000 RUR to 20,917,000) in the second quarter of 2009 compared with the first quarter of the year.

The bank reports this has to do with the need to spend more on extensive network development.


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