Russia's VTB Q3 Net Profit Rises 15%

Russia's bank VTB reported a 15% rise in its net profit for the third quarter.

VTB's quarterly net profit surged to RUB23.4 billion, from RUB20.4 billion, in the year-ago period. However, analysts were expecting a profit of RUB18.1 billion.

The bank's net interest income increased 14% to RUB61.9 billion from RUB54.0 billion.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.