MOSCOW, July 16 (RIA Novosti) - Russia's state-controlled VTB Group said on Wednesday its unaudited net profit calculated to International Financial Reporting Standards fell 47.8%, year-on-year, in January-March to $121 million.
VTB Bank, Russia's second largest in terms of assets, and its subsidiaries comprise the VTB Group, which provides banking services and products in Russia, former Soviet republics, Western Europe, Asia and Africa.
The group's assets grew 7.23% in the reporting period to $99.3 billion.
