MOSCOW, September 2 (RIA Novosti) - VTB Bank, Russia's second largest bank in terms of assets, said on Tuesday its net profit calculated to Russian Accounting Standards grew 73.7% year-on-year in January-August to 16.76 billion rubles ($679 million).
The bank said the growth was due to commission fees and interest on loans as well as income from currency exchange.
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.
