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)