Ellips Bank reports 4.3-fold slide in Q1 net profit

PRIME-TASS. Ellips Bank saw its net profit decline by 4.3 times y-o-y to Rub 6.25 mln in January-March 2009, the bank said in its quarterly financial statement.

The lending institution’s pre-tax profit sank 2.9-fold to Rub 11.28 mln, assets jumped 8.8% YTD to Rub 5.70 mln as of April 1, 2009, net debt grew 9.7% to Rub 4.39 bln and private deposits climbed 10.2% to Rub 4.36 bln.