Russia s No. 2 bank VTB
on Thursday reported third-quarter net profit of 86.1
billion roubles , an increase on the previous,
sanctions-hit year, but a lower return than the first two
quarters of.
VTB says IFRS net profit at 86 bln rbl in July–September - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases
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Consecutive interest rate hikes have seriously damaged Russian banks prospects, the financial head of Russia s No. 2 bank VTB said on Thursday, anticipating a sharp drop in the sector s profits.