16 Sep '09
Bank VTB North-West intends to pay out almost all of its six-month net profit as dividends, the bank said today.
The bank’s net profit for the first six-months of 2009 is a reported $65m.
VTB North-West is one of the largest members of the VTB banking group and part of Russia’s Top-30 of most sizable banks.
It is noteworthy that the parent bank and the largest shareholder, VTB, reportedly closed its January-June books with a net loss of $855m.