VTB says IFRS net profit falls by 70% to 5.4 bln rbl in November

MOSCOW, Dec 29 (PRIME) -- The net profit of Russia’s second biggest lender VTB dropped around 70% on the year to 5.4 billion rubles in November, as calculated under International Financial Reporting Standards (IFRS), the bank said on Tuesday.

In January–November, VTB’s net profit fell by 58.3% on the year to 69.9 billion rubles.

(73.7175 rubles – U.S. $1)

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