MOSCOW (Reuters) – Russia’s second-largest lender VTB is on track to make record annual profit of 550 billion roubles ($5.66 billion) in 2024, CFO Dmitry Pyanov said, as the bank reported a 13.2% year-on-year rise in third-quarter profit to 97.9 billion roubles.
VTB’s 2023 profit of 432.2 billion roubles was also a record for the state-owned lender, as the bank rebounded from a sanctions-induced loss of 667.5 billion roubles the year before, exposed to risk in Europe as it was cut off from the SWIFT global financial messaging system.
($1 = 97.2455 roubles)
(Reporting by Alexander Marrow in London and Elena Fabrichnaya in Moscow)
