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Russian banking sector profit declines 18% m/m in Feb -central bank

MOSCOW, March 22 (Reuters) - The Russian banking sector’s combined profit shrank to 168 billion roubles ($2.24 billion) in February, from 205 billion roubles in January, the central bank said on Monday.

The sector’s profit was hit by a revaluation of OFZ treasury bonds that banks hold, the central bank said. ($1 = 74.8660 roubles) (Reporting by Elena Fabrichnaya; writing by Andrey Ostroukh; editing by Susan Fenton)

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