MOSCOW, May 2 (RIA Novosti) - Russia's state-controlled foreign trade bank Vneshtorgbank (VTB) said Wednesday its net profit, calculated to Russian Accounting Standards (RAS), declined 20%, year-on-year, in the first quarter of 2007, to 2.68 billion rubles (about $104 million).
Vneshtorgbank, Russia's second-largest bank in terms of assets and equity, said its pre-tax profit grew 10.4% in the reporting period to 4.84 billion rubles (about $187.5 million).
