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VTB CEO sees 2023 profit at around 420 billion roubles -news agencies

Published 12/09/2023, 07:28
Updated 12/09/2023, 07:30
© Reuters. FILE PHOTO: The logo of VTB bank is seen on the bank's headquarters in Tehran, Iran, May 23, 2023. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS/File Photo

MOSCOW (Reuters) - Russia's second largest bank VTB could make a profit of around 420 billion roubles ($4.46 billion) in 2023, news agencies quoted CEO Andrei Kostin as saying on Tuesday.

Kostin said the bank, which plunged to a sanctions-induced loss in 2022, planned to use the profits to replenish its capital.

Kostin said the bank was ready to invest up to 1 trillion roubles in floating-rate government debt.

($1 = 94.2500 roubles)

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