MOSCOW, October 3 (RIA Novosti) - Russia's second-largest bank, VTB, said on Friday its net profit calculated to Russian Accounting Standards (RAS) decreased 30% year-on-year to $286.6 million as of October 1, 2008.
The bank said the decrease resulted from the global financial crisis and a subsequent review of VTB's securities portfolio.
VTB also said its assets grew 32% year-on-year to $76.8 billion in January-September 2008, on the back of "a dynamic growth of customer credit portfolio which increased 39%" in the reporting period.
