Bank Severnaya Kazna’s asset value dips 10%

9 October 2009 (11:08)

The value of Bank Severnaya Kazna’s assets went down by 3,228,189,000 RUR, or 10.31% (from 31303,971,000 RUR on July 1, 2009 down to 28,075,782,000 RUR on October 1, 2009).

The reasons for the decline were the bank’s shrinking lending portfolio and outflow of money from the bank’s correspondent accounts.

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