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Published April 20, 2012, 02:36 PM

Another record year for profits at the Bank of North Dakota

(WDAY TV) - The state-owned Bank of North Dakota set a record last year with 70.3 million dollars in profits. That's up 8 million from 2010.

By: WDAY Staff Reports, WDAY

(WDAY TV) - The state-owned Bank of North Dakota set a record last year with 70.3 million dollars in profits. That's up 8 million from 2010.

It's the 8th year in a row the bank has set an income record. The bank's assets are now 5.3 billion dollars, which is more than 30 percent higher than the previous year.

The bank has more than 3 billion in loans on its books, some made to flood victims in Minot at very low interest rates.

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