VTB24 boosts RAS earnings 63% in Oct
MOSCOW. Nov 17 (Interfax) - VTB24 , the VTB group's retail banking arm, closed January-October 2009 with net profit of 1.77 billion rubles to Russian Accounting Standards (RAS), the bank said.
Net profit was 1.084 billion rubles in January-September 2009, so earnings must have grown by 686 million rubles or 63% during October.
Assets grew 14.6% during the ten months to 689.6 billion rubles.
The bank was Russia's sixth largest by assets, according to the Interfax-100 ranking at the end of the third quarter of 2009.