November 20, 2014 / 10:08 AM / 3 years ago

Russia's VTB sees small net profit in 2014 after provisions

MOSCOW, Nov 20 (Reuters) - VTB, Russia’s second largest bank, expects a small net profit for 2014 after being hit by provisions for loan impairment, its Chief Financial Officer Herbert Moos told a conference call on Thursday.

Earlier on Thursday, VTB reported a nine-month net profit of 5.4 billion roubles ($115.5 million). It had 157.8 billion roubles in provision charges. (1 US dollar = 46.7460 Russian rouble) (Reporting by Alexander Winning and Oksana Kobzeva; writing by Katya Golubkova, editing by Elizabeth Piper)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below