Business
Russia's VTB profit drops, 2026 outlook at low end of range on market conditions
Russia's VTB profit drops, 2026 outlook at low end of range on market conditions
About this update from Vtb
Russia's second-largest lender VTB RUS:VTBR said on Friday net profit fell almost 60% year-on-year to 27.3 billion roubles ($357.80 million) in May and declined 18.7% to 190.1 billion roubles in January-May.Its 2026 net profit is likely to come in near the lower end of its 600–650 billion rouble guidance range due to market conditions, first deputy CEO Dmitry Pyanov said.($1 = 76.3000 roubles)