Uralfinprombank’s net profit drops 77%
14 October 2010 (18:38)
UrBC, Yekaterinburg, October 13, 2010. The net profit of OAO Uralfinprombank decreased by 15.483 million RUR, or 77% in the third quarter of 2010, namely, from 20.046 million RUR in the second quarter of the year down to 4.563 million RUR in the third quarter.
The bank explains this drop in profits had to do with the need to build up on the possible bad debt reserves.
The bank explains this drop in profits had to do with the need to build up on the possible bad debt reserves.
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