PRIME-TASS. Based on Pskovbank’s preliminary data, net profit surged 3.1-fold to Rub 7.97 bln in 2008. 1Q08 net profit amounted to Rub 790,000, Rub 1.48 mln in April-June, Rub 6.73 mln in the July-September quarter of 2008 and the bank suffered Rub 1.04 mln losses in 4Q08.
Pskovbank was registered on October 26, 2001. The lending institution’s charter capital equals Rub 22.3 mln and is divided in 22.29 mln common and 4,000 preferred shares with Rub 1.00 par value each. As of October 1, 2008 the bank’s major shareholders were the following limited liability companies: NPN Production Association (6.8%), SAB (6%), Russian Reducer (5.3%), Avto (15,9%), Taxi (13%) and Motto (15.9%).
