Russia's Promsvyazbank reports $59 mln loss in 1Q09

MOSCOW, April 13 (RIA Novosti) - Promsvyazbank, one of Russia's top thirty banks, posted on Monday a net loss of 1.9 billion rubles ($59 mln) in January-March 2009 against a $125 mln loss in the fourth quarter of 2008.

The loss was calculated to Russian Accounting Standards (RAS).