Promsvyazbank sustains losses

Promsvyazbank suffered some losses in the third quarter of 2009. In the previous quarter, the bank’s profit reached 3,378,330,000 RU, whereas in July-September 2009, the bank’s losses amounted to 3,236,619,000 RUR.

Promsvyazbank explains this had to do with the need to set up the bad debt reserves.

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