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Russia's privately owned Alfa Bank said Wednesday its net profit had increased 25.6%
Russia's privately owned Alfa Bank said Wednesday its net profit, calculated to Russian Accounting Standards (RAS), had increased 25.6%, year-on-year, in the first quarter of 2007, to 1.874 billion rubles (about $73 million). Alfa Bank, ranked by the Bank of Russia among the country's top 30 banks in terms of assets and equity, said its pre-tax profit had grown 27.6% over the period, to 2.314 billion rubles (about $90 million).
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