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Vneshtorgbank expects to receive more than 30 billion rubles in net profit in 2006
Vneshtorgbank (VTB) expects to receive more than 30 billion rubles (about $1.1 billion) in net profit in 2006, the VTB chief executive said Tuesday. "That is considerably higher than last year," Andrei Kostin said. State-controlled foreign trade bank Vneshtorgbank and its subsidiaries (VTB Group) is a leading Russian commercial banking group, offering a large range of banking services and carrying out operations in the country and abroad. As of June 30, 2006, VTB Group included 151 branches.
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