PRIME-TASS. In the second quarter of 2009 Severnaya Kazna’s net losses totaled Rub 2.74 bln or Rub 1.50 bln (2.21x) more than in January-March 2009, the lending institution’s press service reported Friday. Q109 losses amounted to Rub 1.24 bln.

The lending institution’s Q208 net profit came to Rub 147.88 mln and Rub 166.90 mln in Q108. The lender attributes this trend to reserves it has to form under loans and equivalent liabilities.

Alfa-Bank (85.028%) is a major shareholder of Severnaya Kazna. The lender’s charter capital is equal to Rub 616.7 mln.