Business
Russia's VTB says first quarter 2026 profit down 6.2% year-on-year
Russia's VTB says first quarter 2026 profit down 6.2% year-on-year
About this update from Vtb
Russia's second-largest bank VTB RUS:VTBR said on Tuesday its profit for the first quarter of 2026 was down 6.2% year-on-year to 132.6 billion roubles ($1.77 billion).The bank said it maintains its full-year profit target of at least 600 billion roubles.The bank also said it is discussing a dividend payout for 2025 at between 25% and 50% of its profit but has yet to agree it with the central bank.($1 = 74.9000 roubles)