MOSCOW, November 27 (RIA Novosti) - Russia's Alfa Bank said Monday its net profit grew 80% year-on-year in January-October 2006, to 4.726 billion rubles ($178 million).
Pre-tax profit reached 5.949 billion rubles ($224 million) in the first ten months of 2006, also gaining 80% year-on-year.
Established in 1990, Alfa Bank is Russia's largest privately-owned bank.