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    Impexbank net profit declines 30.7% in 2006

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    MOSCOW, August 16 (RIA Novosti) - Impexbank, a leading Russian commercial bank, said Wednesday its net profit had fallen 30.7%, year-on-year, in the first half of 2006, to 254.65 million rubles (about $9.4 million).

    Impexbank, which was purchased by the Austrian banking group Raiffeisen International in May, said its pre-tax profit had decreased 29.3% in the reporting period, to 385.78 million rubles (about $14.2 million).

    At the same time, Impexbank, which is on a list of the country's top thirty banks published by the Central Bank, said its assets had grown 8.9% in January-June 2006, to 59.39 billion rubles (about $2.19 billion), and that its shareholder equity had risen 17.2%, to 7.03 billion rubles (about $260 million).

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