Khanty-Mansiyskiy Bank’s net profit goes down 34.8%

The net profit of Khanty-Mansiyskiy Bank nosedived by 40.477 million RUR, or 34.8% in July-September 2009. The figures declined from 116.311 million RUR in the second quarter of the year to 75.834 million RUR in the third quarter.

The bank reports the decrease in net profits was caused by increasing expenses related to loan and security reserves; what is more, they had to spend more on the already-issued securities.