VEB expects over $1bn RAS net profit in 2011

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Russian state development corporation Vnesheconombank (VEB) expects to receive over 30 billion rubles ($1bn) of net profit calculated to Russian Accounting Standards in 2011, a 3.8% rise year-on-year.

Russian state development corporation Vnesheconombank (VEB) expects to receive over 30 billion rubles ($1bn) of net profit calculated to Russian Accounting Standards in 2011, a 3.8% rise year-on-year, VEB head Vladimir Dmitriyev said Tuesday.

In early January, VEB reported a 26.8% increase in its 2010 RAS net profit year-on-year to 28.9 billion rubles ($986.8mn).

MOSCOW, February 23 (RIA Novosti)

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