VTB Breaking From Sberbank as RTS Futures Rise

VTB Breaking From Sberbank as RTS Futures Rise

Alexander Zemlianichenko Jr./Bloomberg

VTB’s net income in the second quarter dropped 63 percent to 10.1 billion rubles as bad-debt provisions climbed 24 percent to 11.9 billion rubles, the bank said in a statement on Sept. 20.