Bank Severnaya Kazna’s return on equity plummeted by 40% in December 2008. According to the available data, the bank’s ROE was estimated at -1% in November 2008 and at -41% by January 1, 2009.

Then, the bank’s return on assets was assessed at -3.5% on January 1, 2009 against -.1% in November 2008.

All the data are available from Bank24.ru’s official website featuring a report on the performance of Sverdlovsk Region’s banks on January 1, 2009.

As a matter of fact, the decrease in the bank’s profitability became obvious after Bank Severnaya Kazna had been bought by Alfa-Bank.