First-quarter profit for Russia’s VTB bank falls 16%
Despite the annual fall in net profit for the second quarter in a row, VTB chair Andrey Kostin says he is confident the bank will hit full-year forecasts
30 May 2019 - 18:16
Moscow — Russia's second-largest lender VTB's net profit fell 16% in the first quarter, hit by a drop in net interest and operating incomes, the bank said on Thursday.
State-owned VTB reported profit of 46.5-billion roubles ($714.83m) over the January-March period compared with 55.5-billion roubles in the same period a year ago...
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