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Russian banks' assets grow 30% in 10M06, to $478.9 bln

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MOSCOW, January 10 (RIA Novosti) - The asset value of Russian credit institutions grew 29.9%, year-on-year, between January and October 2006, to 12,667 billion rubles (about $478.9 billion), the Central Bank of Russia said Wednesday.

The shareholder equity of Russian credit institutions increased 22.3% in the reporting period, to 1,519 billion rubles (about $57.4 billion), the CBR said.

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