Russian bank VTB reported a return to profit in the second quarter because of lower loan-loss provisions and a recovery in margins, but remained cautious on the outlook for the rest of the year as the economic downturn weighs.
Reuters: Russian bank VTB swings to profit as provisions cut
Andrey Kostin, Chairman and CEO of the Russian Bank VTB, looks on during a session of the World Economic Forum (WEF) annual meeting on Jan. 23, 2015 in Davos.
