Russia's VTB says on track for record profit of $5.5 billion in 2024

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He said that the bank's earnings on interest fell by almost one third as retail lending growth halted due to high interest rates.

Russian bank VTB says on track for record profit of $5.

The central bank kept its interest rate on hold at 21 per cent during its Dec.20 board meeting, surprising the market, which expected another hike.

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Category: BusinessFinance

Markets: India

Topics: Russia VTB First Deputy CEO Dmitry Pyanov Russian Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 14:53:30 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24671044

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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