Home Credit & Finance Bank’s net profit goes down in fourth quarter

The net profit of OOO Home Credit & Finance Bank decreased by 1.26 million RUR, or 37.88% in the last quarter of 2010, that is, from 3.34 million RUR in the third quarter of the year down to 2.01 million RUR in the fourth quarter, the bank’s official report states.

The organization explains the drop in profits has to do with having to pay the third quarter’s tax and to make greater advance payments on profit tax.

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