MOSCOW, May 18 (RIA Novosti) - The Russian Central
Bank's profits grew by four times, year-on-year, in 2008 to
97.79 billion rubles ($3 billion), the bank's annual report
said on Monday.
The 2008 annual report prepared by the country's top bank
has been submitted to the lower house of parliament for
approval.
The Central Bank's revenues increased 50% in the reporting
period to 764.42 billion rubles ($23.8 billion) while
expenditures grew 40% to 666.63 billion rubles ($20.8 billion),
the report said.
Under Russian law, half of the Central Bank's profit has
to be channeled into the federal budget.
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