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Russia's second-largest bank, VTB, said on Friday its net profit calculated
Russia's second-largest bank, VTB, said on Friday its net profit calculated to Russian Accounting Standards (RAS) decreased 30% year-on-year to $286.6 million as of October 1, 2008.

The bank said the decrease resulted from the global financial crisis and a subsequent review of VTB's securities portfolio.

VTB also said its assets grew 32% year-on-year to $76.8 billion in January-September 2008, on the back of "a dynamic growth of customer credit portfolio which increased 39%" in the reporting period.


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