Logo
  Saturday, December 7, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

VTB Group, Russia's largest banking group, said on Thursday
VTB Group, Russia's largest banking group, said on Thursday its net profit calculated to International Financial Reporting Standards dropped 86% year-on-year in 2008 to $212 million.

However, net profit exceeded the $171 million consensus forecast of analysts compiled by RIA Novosti.

"VTB has demonstrated its ability to manage the business through difficult market conditions, while successfully delivering its key strategic objectives in retail and investment banking," VTB CEO Andrei Kostin said.

"We continue to benefit from the ongoing commitment of the government to provide funding and capital to support the growth of our business. This, coupled with the measures that VTB has taken to focus on cost and risk control, means we are well placed to continue supporting our customers, protect our franchise, and consolidate our position as the bank of reference for Russia and the CIS," Kostin said.


Print VTB Group, Russia's largest banking group, said on Thursday Bookmark VTB Group, Russia's largest banking group, said on Thursday

Related News   
MarApril 2009May
MoTuWeThFrSaSu
303112345
6789101112
13141516171819
20212223242526
27282930123
45678910