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Russia Business News 2011




Russian Banks' Earnings hike 60%


August 2011
The Russian banks' earnings for the months January to July 2011, excluding Sberbank, totaled 278.5billion rubles, an increase of 60% compared to 176 billion in the same period in the previous year.
The bank of Russia forecasts an increase of the banks' loan portfolio by 20-25% in 2011 and 2012 compared to 2010.
Source :www.banki.ru via Ria Novosti



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