Bank of Finland reports €283 million profit

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The Bank of Finland on Friday reported a profit of €283 million ($400 million) for 2010, down from €420 million in 2009, due to an increase in the amount of funds transferred to its risk provision.

The central bank said its financial statements, which are set to be published on April 1 as part of its annual report for 2010, showed the decline in profits largely owed to a €100 million increase in the central bank's general provision for potential losses.

Despite expectations that the low level of

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