VTB net profit under IFRS for 5M down 18.7% to $2.4 bln
AI Summary
VTB reported a net profit of 27.3 billion rubles in May under IFRS, representing an 18.7% decline to $2.4 billion for the first five months of the year. The earnings reveal ongoing financial challenges for the Russian banking group.
In May, net profit of the group amounted to 27.3 bln rubles