MOSCOW, July 7 (RIA Novosti) - VTB Bank, Russia's second largest bank in terms of assets said on Monday its net profit calculated to Russian Accounting Standards grew 80%, year-on-year, in January-June to 11.5 billion rubles ($487 million).
Pre-tax profit in the reporting period stood at 15.1 billion rubles ($640 million), VTB said.
The government holds a 77.47% stake in VTB, which alongside its subsidiaries comprises VTB Group, which provides banking services and products in Russia, former Soviet republics, Western Europe, Asia and Africa.
