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Asset value of Russia's top 30 banks grows 6% in 1Q08

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MOSCOW, May 20 (RIA Novosti) - The asset value of Russia's 30 largest banks increased 6.3% in the first quarter of 2008, to 14,846 billion rubles ($624 billion) as of April 1, the Central Bank said on Tuesday.

The profits of Russia's top 30 banks increased 12.2% in the reporting period to 93.24 billion rubles ($3.9 billion), the Central Bank said.

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