Khanty-Mansiyskiy Bank’s net profit plunges 50.7%

The net profit of Khanty-Mansiyskiy Bank declined by 333.541 million RUR, or 50.7% in 2009, that is, from 658.417 million RUR at the end of 2008 down to 324.876 RUR in 2009.

The bank reports the drop in profits was caused by the need to set up possible loan loss reserves.

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