Promsvyazbank’s Losses Exceed 378m RUR in 2010

Promsvyazbank decided not to declare any share dividends for the year 2010; the decision to this extent was taken at the stockholders’ recent meeting in Moscow.

It was also decided that some of the earlier years’ undistributed profits should be directed to covering up for the 378.15m RUR worth of losses the bank incurred in the financial year 2010.