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-UralSib Bank's RAS net profit slips 7% in 2011.

BANKING AND CREDIT NEWS-January 19, 2012--UralSib Bank's RAS net profit slips 7% in 2011(C)2012 M2 COMMUNICATIONS

19 January 2012 - UralSib Bank saw its net profit for 2011 ease 7%, as calculated under Russian Accounting Standards, the Russian lender said on Wednesday.

The bank's net profit for last year amounted to RUB3.9bn (USD124m/EUR96m).

This came after the company earned RUB1.2bn in the final quarter of the year, compared with a net loss of RUB79m in the previous three months.

In 2010, the bank posted a net profit of RUB4.2bn.

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Publication:M2 Banking & Credit News (BCN)
Article Type:Financial report
Date:Jan 19, 2012
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