MOSCOW, January 22 (RIA Novosti) - Russia's state-controlled VTB Group said on Thursday its net profit calculated according to International Financial Reporting Standards fell 70% year-on-year in January-September to $316 million.
The group's assets grew 22.1% in the reporting period to $113.1 billion and its credit portfolio climbed 40.7% to $84.5 billion.
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.
