VTB: Russian Bank No. 2 Reports Record Profits in 2021 and Forecasts Continued Growth

2023-11-24 07:00:01

Russian bank No. 2 VTB:

* VTB reports net profit under IFRS of 26.8 billion rubles ($298.7 million) for October, and net profit of 402.8 billion rubles for January-October;

* VTB is expected to achieve record profits of more than 430 billion rubles this year, according to CFO Dmitry Pyanov;

* Profits in 2024 are expected to be between 300 billion and 400 billion rubles, lower due to the realization of interest rate risk, according to Mr. Pyanov. More information regarding the company:

(reported by Archyde.com)
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