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Assets of Russia's top 30 banks down 0.6% in June

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MOSCOW, August 17 (RIA Novosti) - The assets of Russia's top 30 banks dropped 0.6% in June 2007, for the first time since the start of this year, the Bank of Russia said Friday.

Market analysts said the slight decrease was caused by a fall on the stock market in early June and ruble strengthening, which devaluated the banks' currency assets in ruble equivalent.

In the first half of 2007, Russia's 30 largest banks reported a 25.5% rise in assets, to 11.9 trillion rubles ($464 billion) as of July 1, against 12 trillion rubles ($467 billion) as of June 1, and 9.5 trillion rubles ($370 billion) as of January 1.

Among the country's top 30 banks are Alfa Bank, Sberbank, the country's largest state-controlled savings bank and Vneshtorgbank, Russia's second-largest state-owned bank.

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