Russia VTB H1 net up to 25.1 bln rbls, beats f'cast
MOSCOW, Sept 2 |
MOSCOW, Sept 2 (Reuters) - VTB (VTBR.MM), Russia's second-biggest lender, on Thursday posted a better-than-expected net profit of 25.1 billion roubles ($816.3 million) in the first half of 2010 as bad loans eased.
The group's non-performing loans ratio declined for the first time since the start of the financial crisis -- to 9.5 percent versus 9.8 percent at the end of 2009, the bank said in a statement.
(Reporting by Dmitry Sergeyev, Editing by John Bowker)
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