Ukrainian subsidiary of Russian bank VTB increased its earnings by almost 2 thousand times

January-March 2011 Bank VTB, controlled by Russian bank VTB, finished with a net profit of 117.5 mln. This is evidenced by its financial statements. Compared with first quarter 2010 net profit VTB Bank increased in 1958 times (with 60 ths.). VTB Bank's assets since the beginning of the year increased by 4,1% - 33,6 billion UAH. Recall the beginning of 2011 finuchrezhdenie took 8 th place in terms of assets among Ukrainian banks. According to "Delo", before its quarterly reports already published a major financial institution of the country. So, the first in terms of assets Privatbank finished the first quarter of 2011 with net profit of 434.7 mln. This indicator is 2 times higher than the financial results of January-March of 2010, then "Private" has earned 215.4 million USD. State Ukreximbank in the first three months of 2011 was 17.1 mln. net profit (growth - 75%). Oschadbank, which at the beginning of 2011 took the third spot in the rankings of the largest banks by assets, ended the first quarter with a profit of 126.6 mln. Materials: The Case »