26 Apr 2012 19:35

VTB 24 increases IFRS net profit 66% to 28.5 bln rubles for 2011

MOSCOW. April 26 (Interfax) - VTB 24 , the retail arm of VTB Group, increased its net profit according to international financial reporting standards (IFRS) by 66% to 28.48 billion rubles in 2011, the bank said in a statement.

It was earlier reported that VTB Group closed 2011 with IFRS net profit at 90.5 billion rubles.