Petrokommerz loses 231.15m
15 October 2009 (11:02)
Bank Petrokommerz lost 231.15 million RUR in the third quarter of 2009, whereas only a quarter earlier, it made 259 million RUR worth of profits.
The bank says the losses were brought about by the need to build up n the bad debt reserves and the dropping loan interest income (which, in its turn, had to do with the shrinking lending portfolio).
The bank says the losses were brought about by the need to build up n the bad debt reserves and the dropping loan interest income (which, in its turn, had to do with the shrinking lending portfolio).
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