Promsvyazbank sustains losses
Promsvyazbank suffered some losses in the third quarter of 2009. In the previous quarter, the bank’s profit reached 3,378,330,000 RU, whereas in July-September 2009, the bank’s losses amounted to 3,236,619,000 RUR.
Promsvyazbank explains this had to do with the need to set up the bad debt reserves.
Promsvyazbank explains this had to do with the need to set up the bad debt reserves.
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