Global Banking & Finance Review
VTB Reports 73% July Profit Rise, Confirms 2026 Target | Finance News
xCruzo Brief
Russia’s second-largest lender VTB reported a 73.4% year-on-year jump in July net profit to 40.4 billion roubles ($469.77 million), according to a statement released on Friday, Aug. 28. The bank also reaffirmed its 2026 profit target of 600 billion roubles. The update signals continued momentum in VTB’s earnings trajectory, as it looks ahead to further gains next year. VTB’s results were reported alongside an exchange-rate context of $1 equaling 86.0000 roubles. Reuters credited reporting by Reuters staff and editorial writing and editing by named contributors.
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