MOSCOW, November 27 (RIA Novosti) - Vneshtorgbank Retail Financial Services (VTB24) increased its net profit in January-October 2006 by 220% year-on-year, to 900.7 million rubles ($34 million), the Central Bank of Russia said Monday.
VTB24, a subsidiary of state-controlled foreign trade bank VTB, posted a 113% increase in pre-tax profit for the first 10 months of the year to 1.1 billion rubles ($41.5 million), up from 519.3 million rubles ($19.6 million) in the same period of 2005.
VTB24 specializes in servicing individuals, private entrepreneurs and small business organizations.
