North West | Finance, business

VTB North-West airs $64.5m dividend payout

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.
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