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Russia's Uralsib Bank net profit down 64% to $128.2 mln in 10M06

November 28, 2006 RIA Novosti
Uralsib Bank [RTS: USBN] posted a 64% year-on-year decline in net profit for January-October 2006 to $128.2 million, from $358.2 million, the Central Bank said Monday.

The bank's pre-tax profit in the reporting period fell 59% to 4.2 billion rubles ($158.4 million) from 10.3 billion rubles ($388.4 million) in the first ten months of 2005.

Uralsib Bank is one of Russia's top 30 banks by assets (valued at $7.7 billion as of October 1, 2005), and is owned by Uralsib Financial Corporation.

Company — FC URALSIB
  • Full name
    JSC Financial corporation Uralsib
  • Registration country
  • Industry
    Other Financial Institutions