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Globex Bank reports 70% increase in 2005 net profit

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MOSCOW, January 18 (RIA Novosti) - Globex bank, a leading Russian commercial bank, said Wednesday that its net profit had risen 70% year-on-year in 2005 to about $34 million.

The bank's assets grew 40% year-on-year in 2005, reaching about $1.7 billion, and its shareholders' equity increased to $388 million from $371 million.

Globex bank is on a list of the country's top thirty banks published by the Bank of Russia.

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