VTB Severo-Zapad’s net profit drops 1.6 times

The net profit of OAO VTB Severo-Zapad (Bank VTB’s daughter enterprise) decreased by 1.6 times in 2009, that is, down to 3.8 billion RUR, the bank reports.


In 2008, the company’s net profit amounted to 6.04 billion RUR.


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