Business

Russia's VTB bank posts $524 mln loss in Jan.-Sept.

22:03 04/09/2009

MOSCOW, September 4 (RIA Novosti) - VTB, Russia's second largest bank, has posted a net loss of 16.58 billion rubles ($524.7 million), calculated to Russian Accounting Standards, in the first eight months of the current year.

In August, VTB's net loss was 6.869 billion rubles ($217 million).

VTB is the leading bank in VTB Group. Its main shareholder is the state.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20090904/156027957.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20090904/156027957.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russia's VTB bank posts $524 mln loss in Jan.-Sept.</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 10px 0px 0;"><span style="color:#5590bf;">22:03</span> <span style="color:#5590bf; padding-right:7px;">04/09/2009</span> <span style="font-size:12px;"><a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20090904/156027957.html" title="Russia's VTB bank posts $524 mln loss in Jan.-Sept.">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>