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Exclusive-Russia's VTB to gain billions of roubles if interest rates come down, CFO says
  • World News

Exclusive-Russia’s VTB to gain billions of roubles if interest rates come down, CFO says

Cs news18 hours ago06 mins

By Elena Fabrichnaya ST PETERSBURG, Russia (Reuters) -Every 1% cut in central bank interest rates gives Russia’s VTB Bank an extra 20 billion roubles ($250 million) in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50% of its profits via dividends – half of it…

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