Bank Uralsib’s net profit decreased from 1.95 billion RUR in January-March 2007 to 1.71 billion RUR in the first quarter of 2008, or by 12.5%, with the data calculated on the basis of Russian Accounting Standards. At the same time, the figures for January-March 2008 fall short of the bank’s net profit in October-December 2007 (that is, 1.998 billion RUR) by 14.7%, Uralsib reports. The bank explains this drop in profits by getting fewer revenues from their security transactions.