Bank Severnaya Kazna’s net loss rises 120%
The net loss of Bank Severnaya Kazna rose by over 120% in the second quarter of 2009, that is, from 1.2 billion RUR on April 1, 2009 to 2.7 billion RUR on July 1, 2009.
The bank explains this has to do with the company’s need to set up reserves for loans and debts.
The bank explains this has to do with the company’s need to set up reserves for loans and debts.
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