VTB Third-Quarter Profit Misses Estimates on Bad Loan Provisions
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VTB Group, Russia’s second-biggest bank, said third-quarter profit slid 24 percent, missing analysts’ estimates, as it increased bad loan provisions.
Net income attributable to shareholders fell to 17.9 billion rubles ($541 million) from 23.4 billion rubles a year earlier, Moscow-based VTB said in a statement today. That missed an average prediction of 22.2 billion rubles among seven analysts surveyed by Bloomberg.