Author`s name Pravda.Ru

Avtobank's net profits skyrocket - Comments

The Russian Avtobank's shareholders approved the bank's 2002 annual report. The bank's net profit amounted to RUR170.3m (about $5.51m), up by a factor of 6 against the year 2001. The bulk of the net profits will go to the reserve fund, Avtobank's Chairman Lyudmila Shabalkina told reporters.

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