20 May 2013 13:17

VTB boosts net profit to RAS 21% in 4M

MOSCOW. May 20 (Interfax) - VTB boosted net profit to Russian Accounting Standards (RAS) 21% in January-April to 14.479 billion rubles, from 11.976 billion rubles in the same period of last year, the bank said in a statement, posted on the Central Bank's website.

The bank has said net profit to RAS was 1.403 billion rubles in January-March, so it must have been 13.07 billion rubles in April alone.

The bank's press office said reporting to RAS is not representative as it does not reflect results for the VTB Group as a whole, which has dozens of members.