MOSCOW, November 27 (RIA Novosti) - Uralsib Bank [RTS: USBN] posted a 64% year-on-year decline in net profit for January-October 2006 to $128.2 million, from $358.2 million, the Central Bank said Monday.
The bank's pre-tax profit in the reporting period fell 59% to 4.2 billion rubles ($158.4 million) from 10.3 billion rubles ($388.4 million) in the first ten months of 2005.
Uralsib Bank is one of Russia's top 30 banks by assets (valued at $7.7 billion as of October 1, 2005), and is owned by Uralsib Financial Corporation.
